12,000 People Received Refund of Processing Fee Paid for the Fake Pradhan Mantri Awas Yojana!:
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| Absconding Directors of Maple Shelters - Sachin, Priti, Sharad & Navin Agarwal at Maple Group's New Corporate Office |
Six days after a case of cheating was registered against them for displaying misleading advertisements regarding real estate, the directors of Maple Group are still on the run from the police.
Meanwhile, about 11,000 out of over 32,000 people who had booked the 1 BHK flats for Rs 5 lakh, have been refunded their application fees of Rs 1,145 each. About 15,000 people who had done online bookings will get their refunds soon.
Deputy commissioner of police (economic offences wing) Deepak Sakore told Mirror,"Three teams have conducted searches for the accused at various places. We hope to arrest them soon." Elaborating on the progress in the investigation, Sakore added, "We have written to the Maharashtra Housing and Development Authority and Pradhan Mantri Awas Yojana state director with certain queries regarding the project. We are awaiting a response." Click to Read More
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| Refund of Processing Fee for Pradhan Mantri Awas Yojana Scam |
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ReplyDeleteAs mentioned in earlier Ravi's blog, the chances of builder running away after taking money & abandoning project can't be ruled out.
DeleteThe solution is to buy ready for possession flat with all approvals or stay on rent.
RBI Guv R Rajan has again hit back to crooks - the builders asking them to reduce prices of properties.
ReplyDeleteRaghuram Rajan asks realtors to slash prices to garner demand :
This is not the first time Rajan has asked the real estate sector to slash rates; the RBI Guv had done so last year too.
http://www.dnaindia.com/money/report-raghuram-rajan-asks-realtors-to-slash-prices-to-garner-demand-2206228
Reduce prices to attract more buyers: Raghuram Rajan tells realtors :
http://economictimes.indiatimes.com/wealth/real-estate/reduce-prices-to-attract-more-buyers-raghuram-rajan-tells-realtors/articleshow/51984191.cms
It is very much clear that prices were driven out of greed of builders & hoarders. These thugs have fallen in their own trap & so to raise money, start such ponzi schemes.
It will be exciting to see how many thugs- the builders can be seen in market after prices fall by atleast 50%.
Ravi,
Came to know several contractors had high decibel heated argument with a so called major thug (builder) in Pune about a month ago as builder defaulted on contractors payment. This builder has already been covered by you, so I think it will be easy for readers also to understand. This crook is also part of crime syndicate CREDAI.
Infact, I would have liked to name the thug straight away but this crook would have again gone to file a FIR ! Samazdaar ko ishaara kaafi hota hain.