Decline in recovery of stolen property

Realty investment has fallen sharply in India.

According to a survey of a National Crime Records Bureau (NCRB) there is a dip in recovery of property sales in the country, with 21.5 pc in 2012, compared to 29 pc in 2011. There is a sharp decline in recovery in Maharashtra with 1.8 pc in 2012 compared to 13 pc in 2011.

The break-up in terms of recovery of stolen property tops with an average of 65 pc from 2010 to 2012, followed by robbery, burglary, and thefts. The least recovery in these property offences were 2 pc in 2012 and 1.3 pc in 2011.

In Mumbai the recovery of stolen property falling from 17 pc in 2010 to 11 pc in 2011 and 0.5 pc in 2012 respectively.

The report said Andhra Pradesh 52 pc was the best when it came to recovery, followed by neighboring state Karnataka 43 pc, MP and UP with 32 pc each.

Among the big cities, Mumbai managed better results in 2010 and 2011 and it declined in 2012. Cities like Jaipur, Bangalore, and Kolkata had done better in recent past. Recovery of stolen property data was most precise. It is not specific to cheating and criminal breach of trust. To identify the accused is a uphill task.

Property which are involved in such crimes are often of low value, even if its is recovered it doest not reflect I the total percentage.

It is very difficult to recover money as criminals spend it and cases like breach of trust, cheating and forgery, where recovery is low it affects the exposure rate in property related issues.  Quality detection of property offences by unknown criminals is woefully inadequate.