High promises unfulfilled
Sep 21, 2018 07:02 PM
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(Updated Sep 21, 2018 07:10 PM)
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This is to review the project of a Bangalore based Real estate developer.
The project Mahaveer oaks residential sites project was developed, promoted by Reddy structures p ltd with high promises of developments proposed to be carried out by the developer in and around the layout, to attract gullible investors.
Now after so many years passed by; the layout remains the same as it was then at the time of development; no sign of any the promises of such developments in and around the Mahaveer layout by the developer remains only in the air While the area and the layout have huge potential for faster development than envisaged, but it was marred by the promoters, because they went ahead aggressively with other developing themselves and other new projects for further attracting more and more gullible investors.
This is one selfish way of cornering the buyer to definite trap is further an evidence.
Many a buyers of the plot desire infrastructure development of the layout, including a well laid access road to the layout from the Jigani Anekal main Road, as per the initial promises of the developer; Whereas, no one is available for any responses - they keep our phone waiting for hours and even disconnect without any reply.
From the above, it is evident that the Reddy structures P ltd, the developer of Mahaveer Oaks residential layout is neither interested to keep the layout as well developed nor interested in the well-being of their investor clients, once their business deal is over in financial terms.
It is only to keep informed the public in general that they should be beware of the Real estate developers, promises, prices offered duly taking account of the real credentials, especially failures and misdeeds, including unfulfilled promises of future developments, etc such as in the cited case.
Developers may underestimate the general public as gullible; but, beware, public are now learned and well informed, decisive; Because, such spurious developers can not stand in the market of competition, since they can’t dupe the public for long.
On behalf of all the investor public, I request you to bring out the truths to the surface save the common man from such unscrupulous developers True well-wishers of Investor Public
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