[Resolved]  Padmanchal Greens — Fraud Complaint Regarding Padmanchal Greens (D’Villas) Directors Mr. Tirath Sharma & Mr. Nilesh Pandey of Padmanchal Group

Address:

Gautam Buddh Nagar, Uttar Pradesh

First of all, I would like to tell & request all of the investors, who already invested or going to invest in any of project of Padmanchal group viz. (D’villas, AMULYAM or Devashish Homes - Nainital), kindly make sure you won’t invest in any of their projects. Mr. Tirath Sharma & Nilesh Pandey they are highly unprofessional & fraud persons who are also the so called directors of this Padmanchal Group. Hello friends I am Deepak Gupta, invested in one of padmanchal’s project called D’Villas on Sector 138 Expressay Noida. I booked a villa on 20th October 2012 by giving booking amount of Rs. 10.5 lacs by Dream Catcherz PROPMART (http://dream-catcherz.com/) consultant (Mr. Prashant & Mr. Rajan). Padmanchal group people including Dreamcatherz (Prashant & Rajan), claimed & promised that everything is clear about this project, they showed some papers about the land clearance, but simply denied to provide the photocopy for the same. They also assured that this project is going to launch in coming November 2012 on the occasion of Navratras (Around Diwali Time). After justified from Prashant & Rajan from Dreamcatherz & showing faith in a new builder, I have handed over the cheque of booking amount 10.5 lacs to them for confirming the booking which was cleared after 2 days on 22h of October, 2012. But, unexpectedly, project never get launched (even in October, 2013), we always kept calling Padmanchal & Brokers (Dreamcatherz), but they always keep fooling us saying that clearance is pending, this clearance is pending, they still claimed that they getting it launched in coming March (2013), with an appreciated price & you will be getting huge benefits. But yet again, it’s never launched. Myself including my brother, decided to go their office (was in sector 2 noida that time) for seeking clarification of the future of this project. We met Mr. Ranjeet their BDM there, he assured us that everything is under control & we would launch in April End, even I have a welcome letter from padmanchal including mail from Mr. Ranjeet, stating that we are about the start the project & you do not have to worry about it & we also not demanding any further payment till the project become bankable. But as expected again project never got launched. Then we decided to talk to their CEO Mr. Sabih Siddiquee (CEO), he also assured us that some approvals are pending & we are first keeping our focus on Indrapuram project rather than these D’villas, so this project is either getting launched in May end or June first week (2013) positively. Again, project never got launched. Then we decided to take a look on Master Plan of Noida & came to know that Sector 138 is not mentioned there as residential development it’s only for industrial. We have soon rushed to office of padmanchal to meet one of their directors, but we never got him, even nobody in their office ready to provide us the clear picture & contact numbers of any of their director. By this time, we decided to cancel the booking. After lots of calls & follow-ups to our broker, Dreamcatherz (Prashant & Rajan) they informed us that, they have talked with Mr. Tirath Sharma (one of the director of Padmanchal Group) & he is ready to refund your full amount along with interest on 5th of June 2013. On 5th June we kept calling Mr. Tirath Sharma, but he never picked up the calls. On 6th of June he picked my call & when I asked him about the project & refund, he simply said he will meet me in person & clarify everything. Finally I met him in greater Noida & he assured us that everything is clear on project front & padmanchal is just going to start the project with appreciated price. He also assured that we will not demand any further money till the project became bankable. After discussion with family, we decide to take this chance just on the words of a Director (Mr. Tirath Sharma). But, as a big surprise we got a demand letter from padmanchal saying that you have to pay 20% (around 21 lacs) on immediate basis. When we called to Mr. Sharma, he told us that we need to do the payment to authority & we need money for that, that is why we sending demand letter & you have to pay the money. I simply asked him that as per your & your employee’s commitment we not supposed to get any further demand till the project become bankable. Mr. Sharma has just backed out from his commitment. After discussion again with family members we decided to cancel the booking. We immediately informed the Padmanchal office along with Mr. Sharma & Mr. Nilesh Pandey to cancel our booking & refund the full amount along with interest. Which they have agreed & asked to wait 30 days as a part of their process for full refund. But we havn’t go the chq till August end, even after 60 days of cancellation of booking. After hundered of followups over phone & mails, Mr. Sharma handed over the cheque of our booking amount (without interest) on 2nd of September dated 10th of September. Now, on 10th of September we gave a curtsey call that we are going to deposit the chq where Mr. Sharma asked to hold it for more 2 days & asked us to put it on 12th of September. We deposit the chq on 12th & that chq was bounced on 13th September. We again try to contact Mr. Sharma & Mr. Nilesh Pandey, but none of them responded whole day. Next morning Mr. Sharma responded & asked us to wait for another 2 days & he will call us again to let us know when chq again can be deposited again. Till now on 9th of October, we haven’t received any call & not received the call from either of Director from Padmanchal group for our refund. Friends, now we decide to go legal against this fraud company & their directors & I have all evidences in the form of mails, call records & bounced cheque to sui them. My Lawyer already sent them the legal notice, now we are just waiting them to respond. Again, I would like to request you all that please do not invest in any of their projects (D’villas, AMULYAM or Devashish Homes (in Nainital)). If you invest in their projects you will get your worst nightmares of your life & you lose your money & mental rest. I can share my number if you need to discuss, & please discuss with me before investing. Also if somebody has already invested, please share if you faced some experiences, we can surely together take on this builder to the court so that they just can’t play with other’s people emotions & money. Regards, Deepak Gupta [protected]@gmail.com (Mail me for my Phone Number)