SharePoint 2010: Property doesn't exist or is used in a manner inconsistent with schema settings

While performing people search in SharePoint 2010 we encounter following error

Property doesn't exist or is used in a manner inconsistent with schema settings

Resolution:

1. Browse the Search Center Site and perform people search which should take us to peopleresults.aspx page

2. Click on Site Actions –> Edit Page

3. Edit People Search Core Web part

4. Expand Display properties and check the box against Use Local Virtualization

PeopleSearchCoreResults

5. Click on Save and Close on the Ribbon

Try to perform people search again and you should get results back.