Delay in Residential Project - AJS Builder - Indian Real Estate Forum

Manshar · 07-12-09

Hello,

In my wife's name, i had invested in their Indrapuram residential project 2 years ago. Since then their has been no progress on the project and only false commitments from the company on the commencement. I had recd a letter from them a year back that they would be starting the project in 3-4 months time. To my shock in major newspapers, their has been a news that Economic offense wing has registered a case against the builder for duping 200 investors for 3 locations including Indrapuram.

Moreover i believe their MD had passed away a year back halting their progress on the projects.

Investors Beware and lets fight our case against this Builder.

Manish Sharma
Noida.

Munish Malhautra · 14-06-10

Quote:

Originally Posted by Manshar

Hello,

In my wife's name, i had invested in their Indrapuram residential project 2 years ago. Since then their has been no progress on the project and only false commitments from the company on the commencement. I had recd a letter from them a year back that they would be starting the project in 3-4 months time. To my shock in major newspapers, their has been a news that Economic offense wing has registered a case against the builder for duping 200 investors for 3 locations including Indrapuram.

Moreover i believe their MD had passed away a year back halting their progress on the projects.

Investors Beware and lets fight our case against this Builder.

Manish Sharma

Noida.

Hi Manish,
i am replying to this post after quite a lot of time. I too had bought a plot from this builder in Sonepat and had to run from pillar to post once i got to know that this builder had no long term plan plus after their MD's death the company never came out from the hole. i finally got my booking amount back after 2 years of running around. hope u have received back your hard earned money?
take care and thanx for this post

sharmafire · 13-02-11

As I understand this builder was an offshoot of Skipper group only and as they were already in a mess they raised this company in another name to collect money

07-12-09	#1
Manshar New Member Join Date: Dec 2009 Location: Noida Posts: 1 Thanks: 0 Thanked 0 Times in 0 Posts	Delay in Residential Project - AJS Builder Hello, In my wife's name, i had invested in their Indrapuram residential project 2 years ago. Since then their has been no progress on the project and only false commitments from the company on the commencement. I had recd a letter from them a year back that they would be starting the project in 3-4 months time. To my shock in major newspapers, their has been a news that Economic offense wing has registered a case against the builder for duping 200 investors for 3 locations including Indrapuram. Moreover i believe their MD had passed away a year back halting their progress on the projects. Investors Beware and lets fight our case against this Builder. Manish Sharma Noida.

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13-02-11	#3
sharmafire Member Join Date: Dec 2007 Posts: 199 Thanks: 5 Thanked 8 Times in 7 Posts	As I understand this builder was an offshoot of Skipper group only and as they were already in a mess they raised this company in another name to collect money