Asked to pay lakhs, but not paying interest every month!
Investors crying foul
Although the issue period by RERA is over, construction not yet done
New pre-launch scam in Shadnagar too.
Despite complaining to RERA, no response from them.
Beaware of such fraud adverts!
Is constructing builds a rocket science? Why give space to builders for free? Why make them millionaires? What if I try it myself? If engineers are hired, they will do all the work and I can enjoy all the benefits.*
May be landlords are thinking this way now. After Corona, some of the landlords became developers. They started campaigning that they will build multiplexes, shopping malls. They advertised that they would pay Rs. 18,750 per month as rent for investing Rs 25 lakh. It has been advertised on social media that the interest will be available at the rate of nine percent. Some innocent greedy buyers believed the hype to be true and invested in it. They say they are going to work now. Even if the period is over as per RERA, the shopping mall and multiplex in Narsinghi are not completed. If you try to meet the builder, middlemen will not allow. Thinking that there is no use, some investors got together and complained to RERA. However, as usual, the RERA authority did not respond much. No action is taken against this developer. The victims complain that despite all the evidence, no action is being taken against him. This builder is announcing pre-launch scheme in every city and charging crores of rupees. Recently a similar shop was opened in Shadnagar too.
Prelaunch scam in Shadnagar..
The company has announced a pre-launch offer that it will build a six-screen super luxury all-recliner sensation multiplex at Shadnagar Central. G Plus 5-storey shopping mall-cum-multiplex on about two acres will be built, they say. It announced a new prelaunch scheme. If you buy a hundred square feet space for eight lakhs, they will get Rs 6000 per month as rent. It announced an officer to first pay 10 percent money, Rs. 6.40 lakh should be paid after HMDA approval, and the remaining after RERA approval. Although the law says that sales cannot take place before RERA approval, the owner of the company feels that he is above the law. Now, people want to stop him from building similar projects elsewhere in the future. TS RERA should completely cancel the rent scheme in this shopping mall and multiplex.
