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[Resolved]  Sahara India Housing Scheme (Rajat Yojana) — Seeking refund of my investment

I had paid Sahara India Rs 10, 000/- (ten thousands only) in the year 2003, towards Sahara Housing under Rajat Yojana. Six years have passed by and there has not been any sort of communication providing updates to the afore said scheme and status of my investment.

I tried several times contacting Sahara India office by phone in Delhi (where I had registered for the scheme), unfortunately could not trace the same. As, Sahara India office in Madangir Village, New Delhi has disappeared from there, it does not exist there anymore.
I even visited the Hyderabad office of Sahara India in 2007 (where I was posted then), to get the status of the same. The local managers's response was very disappointing, as he asked me to contact the Delhi office to get the required information. He did give me one phone number of Delhi's new office. I tried to contact someone over there, but no one could provide me any information about my investment. Instead they asked me to come to Delhi to get the information.

How one can expect me to go to Delhi from Hyderabad just for the sake of getting my account statement. Because of my busy schedule at work, I left the issue there to be taken up again sometime in the future.

I, in the mean time got shifted to Bangalore. I have again taken the matter up now. Hoping this time it will reach some fruitful end.

I have contacted customer care number [protected] and Grievance Redressal Cell number[protected] of Sahara India. But as it happened earlier, same is happening again. The Sahara executives expect me to contact Delhi office.

I am an IT professional, I do not understand why Sahara is not maintaining a centralised information base. How you can expect me to go to Delhi from Bangalore to know what has happened to my investment which I had made 6 years back. It creates a suspicion in my mind that it could be a deliberate attempt to keep people deprived of the information, which is their right to know.

I have full right to know my account details, details pertaining to the project (under Rajat Yojana). The company has not kept the promise, which they made at the time of taking money from people like me.

I was told that the Housing projects will be completed in three years of time (i.e. it should have been completed by 2006). No progress has been made in this regards, neither do Sahara India has updated me with my updates on the project status. Which is in complete violation of the terms and conditions mentioned by them in the investment certificate (point nos. 13 & 14). They have kept me in dark for past six years, and I do not expect any initiative in this regard in future also.

Now, having explained in detail my dissatisfaction and the reasons for the same, I demand refund of my investment with accrued interest till date, alongwith a compensation towards mental harassment I have been subjected to, for last six years and breaking the trust of investors like me.

The control no. of my account is: [protected]

I have written a mail earlier to Sahara India ([protected]@sahara.co.in and [protected]@sahara.co.in), with the same content as I am posting now in this forum. Instead of replying to my detailed mail, some person calls me on my mobile, apparently some executive from Sahara and tells me to wait till 10 years are completed from the date of my investment, after that I may apply for refund. When I asked him to reply the same as an email response, he simply refused to do so.

Now, I want to know through this forum, how can I get my money back from these frauds ?

Thanks & regards,
Yogesh Kapoor
Phone: +[protected]
Mobile: +91-[protected]
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Complaint marked as Resolved Aug 14, 2020
Complaint comments  84 Comments     Updated: ShareTweet

Comments

SPIC N SPAN — PF NOT COME TILL DATE

DEAR SIR/MADAM,

I AM GIVEN MY PF FORM IN DELHI(NORTH) PF OFFICE DT 22/OCT/2008.
PLS GIVE THE STATUS OF MY PF AMT BECAUSE I NEED PF AMT URGENTLY.
PLS GIVE THE STATUS.

DEVENDER SINGH NEGI
MY PF NUMBER ARE DL/20330/065.
You are not alone, they have cheated all o[censored]s and now we are running for getting our own hard earned money back... My case is also similar to you... registered at chandigarh office...
Roop

Sahara India — about less add interest

Dear Sir/Madam
I am not satisfied with Sahara India Co.
plz detail for call me on [protected] or plz give me ur contact no.at nearest my area in surat(gujarat)india.


Regards,
Nagendra N Rangunwala
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we are also having the same problem

dharmendra singh dhawan
mob [protected], [protected]
control no-[protected]

Raj kumar dhawan
mob [protected], [protected]
control no-[protected]
I deposited 2 lakhs in 2005. They made big promises like a cheap housing and 8% interest on deposited amount till the housing project starts. Housing project never came up. In 2006 they allowed me to take back 1.5 lakhs on 9% interest as loan and promised to return rest on the completion of 3 years. On completion of 3 years when I asked for money they refused.

Ultimately after giving legal notice, they gave me just 35k approx so total I could recover only 1.85 lakhs approx (forget about the loss of interest amount). Their calculation was 1% interest per month against 1.5 lakhs and TDS for the interest earned on deposited amount. They did not provide any document, refused to show any document that justify 1% interest per month.

Has anyone got any success in getting back the money? I am thinking about taking some action but considering the lengthy legal process not sure what to do. Can anyone advise.
it is astonishing, how a reputed company abuses its image and opt to gather curses just for material gain.
i am rowing in the same boat.
Hi All,
I am also sailing in the same boat. Did any one tried to bring it up in Consumer Forum ?
Keep this thread udated about the happenings regarding this.

Can we file a case in Consumer forum or Pehredaar of CNBC Awaz channel ?

Thanks,
Ashish
Hi,

I am a victim of the same. I have almost paid around 3 lakhs or even more in 2004 for a housing scheme in bangalore. no response from them. they always say land is not acquired or some bull . we should file up a case againaist them in consumer forumn and make sahara pay for their mistake. it's disgusting handling these people

Chandan
I am also having the same pain. I have invested 1Lakh in the Gold scheme in 2006 that time they told me, I will get back my money after three years with interest if i wish to exit from the scheme. But now they have the diffrent policy, they are saying i will get back only the principal amount but intrest will be with them for another 18 month. I spoke to the [protected] and guy told me that this is a 10 year term diposite and i can not get back my money before ten years. it is realy painful to deal with them.

Does there is any leage way to come out from this fraud?

I think we should make a fourm to fight these people and learn them a lesson.
i want know our account balance. Iwant our account is parmanently closed.
My name is N.S. Bisht retired from Government Service on 30.11.2006. As per the scheme launched by Sahara, I had applied under Rajat Yojana and deposited Rs. 10, 000/- My control no. is [protected] and my date of application is 31.10.2003. I am not able to understand, what is the future of my hard earning. Whether this amount will reimbursed to me in future or not and why such a company is going to cheat the people.Has anyone got any success in getting back the money? I am thinking about taking some action but considering the lengthy legal process not sure what to do. Can anyone advise.

N.S. Bisht
I have deposited in Sahara Rajat Yojna. My money has not been returned after completing maturity. Has Sahara India slept? Does Sahara India not know how a simple man can save money and deposit it for future needs? The agents of this financial companies are the brutal murderer. They can do anything for their commissions. I am personally harassed by an agent whose employee code is 16710004. He always works for commission. When maturity of any policy is about to complete, he comes and convert this maturity amount into new scheme. It is not fair to deposit money without anybody's will. If authorities and higher officials are looking at this mail, I request them to take necessary action against such agents who are spoiling this company.
I had paid Sahara India Rs 10, 000/- (ten thousands only) in the year 2003, towards Sahara Housing under Rajat Yojana. Six years have passed by and there has not been any sort of communication providing updates to the afore said scheme and status of my investment.
I had paid Sahara India Rs 10, 000/- (ten thousands only) in the year 2003, towards Sahara Housing under Rajat Yojana. Six years have passed by and there has not been any sort of communication providing updates to the afore said scheme and status of my investment. I want to know through this forum, how can I get my money back?
Dear Friends,
I am a lecturer in Bioscience belonging to Cuttack city of Orissa.I had paid Rs.10, 000 towards Sahara Housing Rajat Yojna. I am sorry to inform you that the agent & office are avoiding me to give any updated information about the sum that they have received from me in the form of a cheque.
Initially the manager told me in his cuttack office to wait for 2 yrs minimum for encashment of my deposited sum at the interest of 18%.Then the agent told me to wait for 3 yrs for encashment latteron.
Now these peoples are avoiding to give any detail saying that there is no guideline given by Sahaha India for such scheme towards encashment.
Please help to get my money back.
in am touch with an agent who did the FD for Rs.10000/- with the condition that before 80 months if we withdraw then we will not get the rate of interest. now i want to withdraw but the agent cannot give me the contact details of salara office. where to go and how to get my money back. this looks like a fraud and many people are suffering with this fraud.

my contact no. [protected].
I am mithlesh. I had paid 10, 000 in sahara housing scheme in the year 2003.deposited.Six years have passed by and there has not been any sort of communication providing updates to the afore said scheme and status of my investment. But Aug 2009 I have got the a phone call from sahara Delhi office and that person said to me we have purchased the land delhi for construction if your are interested so invest the 2 lakh in this scheme. Can anyone advise.
I had deposited Rs.10, 000/- with Sahara India in same scheme with their Patna Branch.at the time of accepting deposit, so many promises had been made.
Initially i had been called that i may get prepayment even after expiry of 12 months, but now they are asking to wait till completion of 10 years. The statement is against the terms of deposit and seems it is fraud or scam
we want our hard earned deposit. whether there are any govt. authority to intervene the matter, please.

Navin Kumar Sureka
[protected]
Hi all. I am Neeraj Pandey resident of Delhi is also the Victim of Sahara fraud Under the scheme Sahara Swarna Yojna And Rajat Yojna. .Sahara parivar has targeted s MIDDLE CLASS PEOPLE like you and me whose only dream is to own a nice flat from their hard earned money.And ofcos middle class people do not dare enough to seek justice thorugh the lengthy process of courts.But the time has changed now it take one big step to begin a revolution .

Please go through the news in MID-DAY dated 23-sep-09 exposing the Saharah scam through this link http://www.mid-day.com/news/2009/sep/230909-Delhi-magistrate-wind-rain-middle-cl... not only you and me but the scam is all over india.

I have also lodged a crimimnal case against him under under section 420(cheating), 480(forgery) and dishonestly inducing delivery of property in Karkardooma court. But all i need is Your support. The court demands Proof, documents and victims to validate the judgement and give justice. Feel free to contact me any time of the day. If the case is won we all will be benefitted but the aim is to seek justice and show the power o[censored]nity especially of middle class.

Neeraj Pandey
[protected]
Hi,

I am name is satish .I have invested Rs 1lakh in sahara swarn yojna scheme in 2006. When i came to know about there fraud in 2007, I went to there office in delhi they said the blocking period is for three years. If you withdraw money now you will get only 75000. Instead of taking 75000 i waited for three years. Three years has been now completed in may 2009 . I am in US now i am going to india next month. Can you tell me the best approach to get my money back from them.

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