AIPL Ambuja, Amritsar

Critical Review of Advance India Projects Ltd (AIPL), a Gurgaon Based Real Estate Developer. 0 rating

Advance India Projects Ltd (#AIPL) a Gurgaon Based Real Estate Developer has been repeatedly criticized for unethical practices and fraudulent behavior. Here are the main issues reported by investors and property owners:

1. 
   Fraudulent Practices: AIPL is widely regarded as a fraud developer that cheats its investors. Many have experienced significant financial losses due to the company's deceptive practices.
   



2. 
   Misleading Market Feedback: Brokers and dealers have spread false information, portraying AIPL as a reputable developer in Gurgaon, which is far from the truth.
   



3. 
   Leasing Rights Issues: AIPL often forcefully retains leasing rights, preventing investors from obtaining physical possession of their properties.
   



4. 
   Poor Leasing Capabilities: The company is notably weak in leasing properties, resulting in many units remaining vacant for extended periods.
   



5. 
   Non-payment of Rentals: In cases where properties are leased out, AIPL has been accused of not paying the monthly rentals collected from tenants to the investors.
   



6. 
   Investment Stagnation: A staggering 99% of investors with AIPL are stuck with their investments, experiencing no returns or appreciation.
   



7. 
   Customer Unfriendliness: AIPL is notorious for its lack of customer-friendly policies and poor treatment of investors.
   



8. 
   Assured Returns: The company fails to pay the assured returns promised during the initial pongy sales scheme, leaving investors in financial distress.
   



9. 
   Pathetic Post-Sales Service: Post-sales service by AIPL is extremely poor, with numerous complaints about unresolved issues and lack of support.
   



10. 
    Tax Evasion and Cash Denial: AIPL collects cash payments upon sale to evade taxes and later denies the receipt of such payments, causing trust issues.
    



11. 
    False Positive Feedback: AIPL pays high brokerage fees to dealers who then spread incorrect positive feedback about the company.
    



12. 
    Compromised Quality: The quality of AIPL’s projects is subpar and does not match the high standards advertised in the market.
    



13. 
    Legal Battles: A significant number of investors have taken legal action against AIPL in forums such as RERA, NCDRC, CCI, and local courts.
    



14. 
    Investment Risk: Prospective investors are warned that their hard-earned money will likely get stuck, while AIPL profits at their expense.
    



15. 
    Unethical Termination Practices: If property values increase, AIPL employs various tactics to terminate investor agreements for wrongful gains.
    

To get a true sense, potential investors should reach out to owners' groups of Joy Street, Joy Central, Joy Gallery, and Joy Square to get firsthand review. Investing with AIPL poses significant risks, and caution is strongly advised.

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