[Resolved]  Karvy Realty — No Progress on Real Estate Development as promised and No Refund of Deposited Amount

Address:

Hyderabad, Andhra Pradesh

I had booked a plot with Karvy Realty promoted as Prudhvi Projects in 2007.

Initial deposit to book the plot was also made with the understanding that they will begin construction of the project within 6 months and complete within 12 months.

Till date there is no sign of development of the project and when approached the company representatives say that the actual developer could not get enough amount from booking and therefore is unable to go ahead with any construction.

They also claim that the deposit made to them was handed over to the developer and therefore they will be unable to refund this.

I would like to request for your best attention to help a consumer like me save my money invested in a trustworthy company like Karvy and kindly respond to my query at the soonest.

I am not sure how many people like me are suffering after making initial deposits.

please let me know if you can help me with this.

best regards,

C Sanjoy Benjamin
Mobile: [protected]
email:[protected]@gmail.com