Illegal Property Sales Emerge in Mohali Sector 104 Linked to Pearl Scam
A Supreme Court-appointed committee has found a new wave of illegal activity connected to India’s ₹48,000 crore Pearl Scam. This time, it’s about unauthorized property sales in Mohali’s Sector 104. The Justice R M Lodha Committee, which manages seized assets of the Pearls Group, has identified around 50 illegal plot transactions in this prime area, raising alarms about involved parties and systemic failures.
Important Details of the Illegal Transactions
1. Low Prices and No Registration
- Plots in Sector 104 are being sold at ₹15,000/sq yard—a third of the market rate (₹45,000/sq yard)—through backdated agreements.
- These transactions lack proper documentation and registration and rely on “possession letters” from unverified individuals.
- New occupants have set up infrastructure like power connections and water pumps despite unregistered ownership.
2. Building Activity and Ownership Claims
- Boundary walls and partial structures have been built to establish occupancy.
- Bouncers are reportedly stationed at some properties to enforce unauthorized claims.
High-Profile Individuals Under Scrutiny
Sources suggest involvement of high-profile individuals, including:
- Police and legal professionals aiding illegal constructions.
- Politicians linked to party interests in nearby sectors.
- A prominent AAP leader reportedly showing interest in Sector 104 and adjacent Sector 100.
Legal and Institutional Response
Custodianship and Enforcement Issues
- The Lodha Committee, acting as custodian of Pearls Group assets, has stated that **no sales are - The generated text has been blocked by our content filters.