[Resolved]  Dreamz Infra — Dreamz Infra - cheque bounced repeatedly

Address: Bangalore, Karnataka

I had booked a flat in MAR 2013 in Dreamz SHLOKA 2 project in HSR Layout by paying an amount of Rs.12, 00, 000. Mr. Swami from sales team had told us that the Project will get registered in May2013 and construction work will begin in June2013. Later I was assigned with a Corporate Relationship Manager(CRM) by name Khushboo. All other transactions, receipts were later taken care by her. When I enquired in June about construction CRM gave new dates of August 2013 and coming month CRM was changed to Rukhsana. Then she gave another date of DEC 2013 as construction starting date and soon CRM was replaced with Maitreyee in Oct and when enquired with her about construction dates she gave MAR 2014.

Finally I decided cancel the flat in JAN 2014 and when approached the CRM Maitreyee she handed over a cancellation form and informed me to submit all the originals with it. Later after two days I discussed this issue with one of my friend and He suggested to meet a lawyer and discuss the issue and take an opinion. Once I gave all the details to lawyer he suggested not to submit any originals and proceed the cancellation with only copies. I conveyed the same to CRM she refused to accept the cancellation. After discussing with lawyer we came up with another MOU for sake of cancellation called CANCELLATION MOU, got it printed on a stamp paper and took it to CRM for MD signature . She asked two days time to discuss with her director about such agreements and later conveyed that they cannot sign any such agreements. After much of arguments they were ready to take my cancellation request without the originals.

After about 10days I received the 4 Indian Overseas Bank cheques dated 90 working days from the date of cancellation. The cheques were due in 19th, 20th 21st and 22nd June 2014. On 16th June 2014 a representative called me and requested not to issue the cheques as they would replace the cheques with SBI Koramangala Brach cheques. But I had issued one cheque among four and it got bounced. After a month all four cheques got bounced due to insufficient funds. Then after discussing the issue with Mr. Amarnath who is incharge of cancellation department, I asked them to issue DD instead of cheque which they were not ready to do. After much of discussion and quarrelling with them I was able to get 3L out of 12.5L as cash. Remaining Rs. 9.5L Mr. Amarnath said we will pay it in next month which I was not agreeing to. Later they came up with a schedule to clear it in 3 weeks which they did not do as promised. Finally I took a decision of going through legal action and sent a legal notice for cheque bounce issue through the lawyer. Its almost a month I have not received any message or reply for the notice.

Kindly help me in getting my remaining money back as I had took a Personnel Loan from HDFC BANK to do the booking. I am paying EMI for the loan from past 1year and 8 month.

Note to all Dreamz Customers: Please do not submit your original documents at the time of cancellation.
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Aug 14, 2020
Complaint marked as Resolved 
Dreamz Infra India customer support has been notified about the posted complaint.
 
18 Comments

Comments

Hi Everyone,

I am very happy to let you all know that finally we received our money back in the form of DD. It took totally 5 months to get back through legal route.

Received whole balance of along with interest yesterday.

Thanks to Lawyer and Police Constable with out the whom this was not at all possible
hi,

Please give me ur mobile number, even i am cheated by them.
But for me i have all videos and call recordings for proof.
We have approached media to expose them, tv9 did not agree, but other have agreed.
We need justice.

Regards,
Singham
Hi,

I would like know more details on which project you had booked and initiated cancellation.

Thanks,
Shrinivas
Hi Shrini,

The one which is showed as model flat, yet no cancellation.
waiting for it, we want to drop given check in front of Live media so that all know about its bounce.

Regards,
Singham
We booked a flat in SAKAR (Horamavu) 2 years back by paying full money. So far no single progress and we became complete agitated. When we asked for progress, they said it will take another 2 years. As promised in sale agreement, they seem not to pay rent as compensation as well on monthly basis. They told if we want to cancel the project we can and they will return the entire money with 8% interest for last 2 years. They insisted another thing that we need to return our originals when they issue the PDC. But seeing your mail and others, I do not see cancelling will also make our life miserable. I am completely lost on what to do. Unless we form a group together and fight, nothing will happen it seems.
we have got a news channel who will show all their frauds, i have collected 76 people who are ready to show. This Dassarra all is set.I have even approached satyamev jayate, they have a episode on real estate fraud from Bangalore they have already included us on Dreamz fraud cases. They will arrange some prechecks before permitting these companies.

Regards, Singham
If you guys had noticed, All the leading news channel is airing their advertisement hence they will not support to air the content. Best way is to approach the consumer court for asking the money back with interest.

Main Guy behind Dreamz Infra is Sachin Naik and his mobile # is [protected]. His wife Disha is the MD.

Other companies under this Dreamz Infra is TGS Layouts & FlatsDeal

Be careful people.
Hi Singham,

I am also one of the victim of Dreamz infra's fraud. I had booked a flat in Singapura Layout SUMADHUR, Bangalore . The very next day I came to know the Fraud cases about it so I decided to cancel it. They gave me a PCD dated 29th September of Axis bank and it got bounced as usual. As usual no one addressed me on phone. I was really not able to decide where to approach.
Therefore I too wanna join the protest with u again Dreams Infra and get my money back from those scoundrels and to aware other people about it through media. Please contact me on [protected] or mail me at [protected]@gmail.com
Hi, Anybody got their payment back from Dreamz..
Hi Sri,

I am a similar victim in dreamz shloka project in HSR layout and wanted to check with you what process did you follow to get you money back. Also, if you can give me the contact of the lawyer and police constable who helped you in getting you money back

Regards,
Manik [protected]
Srikr Sir,

I have booked flat in Dreamz-Sai Sagar on 31.05.2015. But still this project is not taken up. Now I am thinking to cancel the same.
Please help me how to cancel it and how to get back money.

Regards,
Sudhakar
[protected]
Hi Sudhakar,

What is amount you have paid.?. My suggestion is if it is amount near to 2-3 lakhs .. Get back the amount in cash... Forget check as they will anyways get bounced

Thanks,
Shrinivas
I have paid 30% of the flat cost that is Rs 8, 55, 000/- Along with me, my friend also booked flat there with same amount. Now I am thinking that if they close their shop tomorrow then we will be in soup.
Please suggest me sir.

Regards,
Prashanth
big Cheaters. Gave amount of 1Lakh towards Dreamz Sneh project in August 2015. then cancelled. Builder gave me a cheque with 6th Jan 2016. It got bounced. Then they gave me a letter stating they will refund the amount by 29th Feb 2016 with 20% interest. Now its may and I am still struggling to get my money back. If you say you will file a case they say happy to have a case on them. Looks like they dont care about the law any more. 'Just cheat people' should be the tag line of the this company. Not sure how to recover money.
Hi,

My sister booked the flat in Whitefield and paid 3 lakh rupees they have informed project will start in march 2015 nothing has been done still...

she has cancelled and they bounced the cheque and fallowing with Dreams from last 6 months continousely.

Please suggest me sir.

Regards
Karthick
HI all,

We did book 3 one bhk and one 2 bhk with dreamz whitefield project, two years ago abt 50% deposit, costing close to 20 lacs. Now when I go through all these, We feel like we will need to get the money back as quick as possible. We have not gone for the cancellation yet, although my sister is planning to do this week. But I guess, there is no point, as their cheques are all bounced even after 100 days. Now I am thinking to file a legal case to get the money back as quick as possible. I have already filed some consumer complaints. Any suggestions guys??? I was wondering if someone is filing a legal case, can we all join to make the case stronger and request a quick refund? Or can we all join together and file a case together. please let me knw.

Regards,
James
Hi All,

Can you all please share the details to me. I will create a watsapp group. I am planning to settle this legally if we can go together and a file a case it would be more effective. I have gathered 4 ppl till now, need at least 10 more ppl to make this case stronger.

Mob :[protected]
I have booked a flat in Feb 2016 and i cancelled in a week. I have paid 1 lakh as a payment. Intially they gave me a check and by the end of check date they said they dont have enough funds in the account. And they said will give DD . After that there was no follup call from them.I have called couple of times. They are not even bothered to take the calls and not responding to msgs also. Its been more than 7 months after i cancelled the flat.

The whole team is one in the same. Really its disgusting. Looks like a fake company. I went ther to office many times. No one is responding...

Satish
[protected]

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