In the midst of a climate of uncertainty and skepticism, where distinguishing fact from fiction has become increasingly challenging, a new investment opportunity has emerged, raising eyebrows and even more questions. Imagine depositing Rs 10 lakh today and receiving a flat worth Rs 2 crore after a decade. Such an enticing proposition is being offered by a company through an innovative campaign. However, it is essential to understand the underlying logic behind this extraordinary promise.
The company suggests that by gathering a group of 30 individuals, each contributing Rs 10 lakh, an acre of land can be purchased on the outskirts of the city. This land would then be left untouched for a period of seven to eight years, during which its value is projected to increase. Once the land appreciates significantly, it will be handed over to a developer, who will construct 1,600 sq.ft flats for the 30 investors at no cost.
The remaining units will be sold by the developer. Consequently, each participant would acquire a flat worth Rs 2 crore, having invested only Rs 10 lakh. Even if an individual does not have 30 people in their immediate circle, the company claims to arrange the required number of participants and facilitate the involvement of a developer. The company promises to oversee the entire process, ensuring that the flats are delivered to the investors.
Amidst a backdrop of growing concerns over pre-launch scams, it is crucial to exercise caution and thoroughly investigate the veracity of this venture before committing any funds. Entrusting your hard-earned Rs 10 lakh without proper due diligence could result in a substantial loss.
