Beware of DPW Hosusing Organization & DPWHO Trust
Jan 03, 2015 04:15 PM
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DPW Hosuing Organization is operating from following 2 addresses, but when you visit these offices you will of find any signage of the organization.
D-376 - A, 55 Feet Road, Nawada Housing Complex, Near Dwarka Mor Metro Station, Pillar No.786, New Delhi-110059.
Plot No. 35, PKT-7, B Block, Sector 23, Dwarka, New Delhi – 110075.
The man behind this is Mr K Ponnaih who is partner and signatory of the organization. When you go to buy a property he will poject you big returns on the investment not less then 30% PA
They have launched over 30 projects in  Dwarka Mor, Uttam Nagar, Nawada, Pochanpur, Kakrola, Dhaulpur Siris, Bharthal, Chawla areas, in last 3 years but only 3 projects are deleivered, in all other projects they book the flats start construction collected money from home buyers and the stopped construction and launch a new project.
They also sell single flat to multiple buyers and at the time of possession they give the flat to the buyer who pay then highest price and to other they will offer refund with 30% growth and issue PDC cheques which will surely bounced and then you run after them to get your money.
There are many buyers who are running around for their hard earned money to whom these peoples have dumped.
They have recently launched a trust DPWHO Trust where they have Retired Defense  officer as Chairman, President etc.(See: https://dpwhotrust.com) and collecting money(Rs 5100) by making members for L Zone near dwarka Interestingly the name of Mr Ponniah the man behind it is not shown any where in the website or Scheme Brochure
I warn all peoples who are planning to buy home beware of these fraud organization.
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