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DD City fraud, Greater Faridabad, Sector 77

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DD City fraud, Greater Faridabad, Sector 77

Last updated: May 27 2014
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  • DD City fraud, Greater Faridabad, Sector 77

    DD group has taken advance from hundred of buyers for their future township project in sec. 77 faridabad in 2005. After getting LIO and licence they has sold the whole township project to BPTP, denying legal right of the plots to persons already registered. How the cheated persons can proceed to get their plots
  • #2

    #2

    Re : DD City fraud, Greater Faridabad, Sector 77

    Approach the Courts .

    Also, look at these, might be of some help -

    https://www.indianrealestateforum.co...lanner?t=16575


    https://www.indianrealestateforum.co...h-2011?t=16328
    Please read IREF rules | FAQ's

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    • #3

      #3

      Re : DD City fraud, Greater Faridabad, Sector 77

      Real estate is the industry of Thugs,Crooks,Cheats etc. Never ever invest in new unknown builders.End users need to study the market and builder throughly and very intensively before buying/investing.
      Thanks

      Comment

      • #4

        #4

        Re : DD City fraud, Greater Faridabad, Sector 77

        I think the booking was done at arate of Rs 6000-7000 per sq yard and going rate of developed plot in that area is Rs 20,000 or more.

        The thing is that customers can't do much because most likely they are holding the receipts that say the booking amount is for a "future project".

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        • #5

          #5

          Re : DD City fraud, Greater Faridabad, Sector 77

          Never heard before about this Project and Builder.......
          Thanks

          Comment

          • #6

            #6

            Re : DD City fraud, Greater Faridabad, Sector 77

            dear sir, do not discourage us, dd city has written upcoming future project with code of fridabad. this is enough to win in court. In ny case they have started behaving smart after 8-9 month of getting licence. Now they can not fool us. We are 100% going to win this case in court.

            Comment

            • #7

              #7

              Re : DD City fraud, Greater Faridabad, Sector 77

              so what are we the customers finally doing ?

              Guys,

              Would like to know what the fekllow investors are doing ?
              Have you taken a refund ?
              or
              Are you hoping somehow for things to work out and are taking some action also towards it ?

              Please advise. In double mind myself on what to do.

              Chetan

              Comment

              • #8

                #8

                Re : DD City fraud, Greater Faridabad, Sector 77

                Ultimate recipe Homes from Hell Point no 25

                1] Builders not send BBA
                2] Changes Floor Plan/size
                3] Changes Project layout show park and build on it latter
                4] Changes allotment
                5] Refuses allotment
                6] Duplicate allotment, two people being alloted same property
                7] Offers another project/flat/plot
                8] Sell without legal compliances
                9] Advertise bank Approval for Finance but sell another project
                10] Change Super Area just before possession
                11] Delay/Deny possession
                12] Exhorbitant Compounded qtl Interest rates for delayed payments
                13] Advance demand ahead of project stage
                14] Wrong demands and no interest paid on excess paid
                15] Commit Penalty for delayed possession and not pay or pay only on original subscribers.
                16] Take Undertaking from buyer not to claim in future at the time of possession
                17] Poor construction
                18] Give no clarity on maintenance cost
                19] Charge excessive EDC and dont pay govt. and impose the interest payment to govt on the subsciber
                20] Send standard response but no answers to querries
                21] If prices of project in resale go up, threaten to cancel allotment in lieu of nominal interest
                22] Wrong charge for IFMS
                23] Wrong charge for Parking
                24] Wrong charge for service tax
                25] If prices go up sell the project outrightly for a profit to another builder
                26] Changes specification/facilities
                27] Interest rates go up
                28] Farmers protest against land acquired on sold projects

                Really pathetic and must be ridiculed and defamed.. Any punishment possible shall be less. I empathise as well as sympathise with investors in this project who must have hoped for a home..
                How can such Developers thrive. These should not be allowed to even survive in society.

                Comment

                • #9

                  #9

                  Re : DD City fraud, Greater Faridabad, Sector 77

                  Not offering property against booking

                  Hi
                  Greetings!!
                  Both the buyer and seller are in connivance and should be taken up seriously..

                  Absolute mockery of generally accepted principles of commerce and trade, fraudulent behaviour, misrepresentation, breach of contract, criminal conduct for profit motive..???

                  High time we need a regulator for Real estate industry along with underwritting for all projects untill conclusion of possession..
                  Absolutely wrong precedent for 1000s of projects in NCR...
                  Last edited May 28 2011, 05:13 AM. Reason: typo

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                  • #10

                    #10

                    Re : DD City fraud, Greater Faridabad, Sector 77

                    Guys,

                    Any news on this front.
                    Please help know if all the investors are taking a refund.
                    I will also do so.

                    If there is anything else that other investors are planning. Please let me know.

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