Dealers practice of "Top marna" in property transactions

[pwuser159561192766]

Hello pakwheelers, this is my first post in this forum. So please bear with me.

I was wondering how can one identify the unethical act of "Top Marna" ,as people would to call it, by property dealers. Let me illustrate with an incident that occurred with my cousin.

My cousin had planned to purchase a plot in some private housing society. He had several talks with a dealer over a specific plot. After site visit and plot file verification the deal was settled for 50 lakh. He gave bayana of 50000 and promised to pay the full amount at a specific date. Now this is where it gets interesting. The dealer cleverly said my cousin should transfer 47 lakh something to the account of the person who had the plot file and remaining should be paid to the dealer, since according to them, they had themselves given some bayana to the owner of the plot file just to facilitate and quicken the transaction. Now I know my cousin should have noticed that the actual price of the plot file was 47 lakh something and not 50 lakh which was communicated to the owner of the plot file by the dealers. But he still went with the transaction willingly. On top of all of this, he also paid commission to the dealer. Now I know this is highly unethical but is it illegal too?

And most importantly, how can one identify a dealer overcharging in a plot, car without the knowledge of seller? What if the seller is already involved with the dealer in this unethical practise. Both ways, the buyer will face the loss.

Looking forward to expert answers on this serious matter. Thank you

[hash4u]

i know someone who does this
this is how he works and many others like him
he has investors basket
he gets them a good deal on properties
guarantees XYZ profit
and openly tells them us say upar mairay

i am pretty sure buyers do a thorough research before buying and have market value idea .
how the receiving party managing distributing the money shouldnt be of buyers concern no ?

[zee5han]

I faced a similar situation when I was selling a fortuner my asking was 82.50 I would have sold around 82 , A dealer called me and asked about car etc , he told me that he will bring customer to me and will show him the car and will negotiate but I had to remain firm on 85(like a fake negotiation lol) , dealer would then convince the buyer later that this car is a good deal for 85 , buyer pays 85 and I will keep 82.50 and will transfer remaining to dealer.

Couldn't procced with that as it just didn't feel right.
Just to give you guys a perspective of how this practice happens in case of cars as well.

[Xulfiqar]

This can be audited and resolved if these dealers actually had a registered business, books and a tax ID.

This is what you get when you deal with crooks called "non-filers" as intermediary.

[pwuser159561192766]

Fair Managing and distributing of funds is only acceptable when both seller and dealer have mutually agreed to do the same. What if the dealer, unknown to the Seller, makes a deal with the buyer? And vice versa.

[mzarkhan64]

I once had a similar experience when looking for a rental property. That's when I learned the importance of having trustworthy property management in Montreal. Their expertise can help navigate such situations and ensure fair dealings.

Spotting overcharging can be tough, especially when sellers are involved. Researching market prices and seeking advice from reputable sources can help avoid such traps. Stay vigilant and always double-check details before making any commitments.