Shwas Homes Complaints & Reviews

Shwas homes Pvt Ltd — Court Order against Shwas Homes

Residents of Shwas Mystic Heights 1 own their case against Shwas Homes pvt. Ltd which was running illegal office and service apartment in the premise. Service apartment were used for immortal activities. Part of the court order attached.

Santhosh

I am very much satisfied with Shwas Homes because of their after sales service

The lack of research by my friends in Sharjah (UAE) & another in Muscat (Oman) landed them in the same mess with the rest of the investors in Shwas Homes Kochi. For concern of reprival from this Builder who is known to react customers shabbily, I do not wish to reveal their names in the forum. I remember visiting their incomplete apartments along with my friends in Phase III, 4 months back. It is one of most unfortunate stories of Builders cheating NRI investors in Kerala. The properties which has been handed over - Phase 1 & 2 has not yet been completed with amenities. I cant imagine the plight of those investors. It is known that Shwas in involved in many court cases with the investors in all their projects. There is one is Kakkanad which still does not have basic amenities despite 2 years of structure completion. In the more than 100 apartments in Phase 2, only 1 is occupied. The quality is down right miserable. I visited an apartment in Phase 1 & was repulsed by how claustrophic the rooms were.

Please be forewarned. In case, you have booked with them, whether you pay on time or not, Shwas Homes treat their customers very shabbily all through. The bookings of those who does not pay on time due non-completion of stages by Builder, are terminated. Customer executives are replaced every 3-4 months, as they have to bear the brunt of the large number o[censored]nsatisfied customers.

I agree with the complainant & offer my sympathies to him & his family & the rest of the investors in Shwas Homes.

The consistency of shadiness of the operations of Shwas Homes has forced many Real Estate companies in kerala to blacklist this builder. Another reason for the lack of demand is inferior quality. If someone has chosen Shwas for an investment, its just says how gullible they are.

Hello
we are having 2 units in aquacity (dualcore25) booked during their recent campaign in kerala.
comparing value for money with the facilities we get their we think it to be the best
we booked after geting openion from an existing client in alpine

Hi there
who is is perfect now..thank god atleast these people are completing projects
i go my villa ready in mystic winds last year
God Bless

@arunka,

The difference is... a customer who had booked with one of reputed builders, will be proud of the property from that date on for the rest of your life. But in case of a customer of Shwas, everyone will laugh behind his back for having fallen for the price ploy & the torture that awaits.

The low price is the bait for which all the gullible malayalee fishes falls heads on & that is the strategy Shwas counts on to sells its poor quality flats in Kerala. This realization will soon dawn, like it dawned on other customers.

You may drive over to Shwas Mystic Heights - Phase 3 right now, a project that should (according to Shwas's own schedule) is overdue by nearly 1 year (think of bank interests being paid by customers all that time) & judge for yourself, the quality of the rooms, blunders in design, poor quality wood work, the narrow corridors.. I could go on. Lets be real, whoever recommended Shwas either wanted a commission out of you or wanted one more person to feel the heat of being betrayed or some other strangely satisfying reason. Not a single reputed builder or investor in India has to this day had a single good word to say about Shwas Homes. Large numbers of customers have paid for their flats in that block (incl registration fees, which Shwas Homes threatens everyone to pay up or face cancellation), but just 3 registered or house numbers provided. The shadiest builder continues to operate & the customers are left hopeless (incomplete buildings & betrayed (facilities promised but not provided).

Marketting & PR dept personnel do not pick up phone calls from existing customers (of which I am a witness. They blatantly tell reception for every incoming call from existing customers, that they are not in office or in an urgent meetings all day, while I was sitting right in front of them), is but a minor indication of what awaits future customers, forget the torture or waiting forever for completion of projects with accumulating losses in bank.

I have friends who invested in reputed builders & a just handful in shady ones like Shwas. The reputed ones have completed the projects & rented out & have made good use of the high demand in Kakkanad. One look at a Shwas flat (Mystic Heights 1 or 2 for example), the potential tenant hurries out of the claustrophobic flat to catch his Shwasam (breath). I could go on about regrets of customers, but nothing compares to the experience that awaits.

@anandhka

Firstly, I doubt you are a real customer of Mystic Winds (considering the very short span of time between posting between by usernames - arunka & anandhka, and fact that Mystic Winds is not fully complete).

How many have been officially registered? When asked why their properties is not yet registered, customers are told that the MD is not available! (Just imagine the number of months, Shwas's MD is unavailable at a stretch!!)

There are good number of reputed builders in Cochin who completed projects as per their initial schedules (starting at the same time Shwas started with its current project in Vytilla) & whose customers are now reaping handsome Returns on Investment.

The cries of sorry Shwas Homes customers can be heard in Cochin & may not fall on the deaf ears of personnel in Shwas Homes.

All the customers of shwas homes are about to cry for their bad decision to invest in shwas homes projects as company is going collapse in a short time. So it is duty of cheated customers file complaint against the company in a legal way other than posting complaints against shwas homes in portals. It will help the new customers falling into trap of shwas homes people. And for who are fallen into the trap be careful because the agreement which they have signed is valued only is you make the payment according to the schedule and shwas homes will make sure that atleast one payment to be default to make the agreement void. So be careful with the shwas homes people because the management, its marketing people and customer care people don't have ethics and all behave in unprofessional way. And Guy named Biju Thomas who is heading the marketing divison is most fraudlent.

My name is Shoukat from Muscat..I am very sorry to say that the above said by Mr Ananda is his own personal experience and as per me it is totally false..I am an investor with SHWAS Homes and I am totally satisfied with their work and commitment.I have purchased a flat in Dualcore at Aquacity...No builder delivers on the promise date..A delay will occur.We, as investors must make sure that the documentations and are proper and not like Apple a Day...In fact i m planning to buy another flat in AQUACITY for my daughter...

I am also one of the unfortunate fellow who fell in Shwas homes trap-invested in July 2007 and the projects is yet to handover. Interestingly Shwas responsbile guys like to threaten their clients to grab the money by sending cancellation letters or giving verbal warnings to their valuable investors. I am not sure whether these guys are ruthless by charactor to cheat the investors and it is very pathetic to know that no governing laws there to regularize these stupid attitude by the real estate. The government must introduce something like each project owner to give an undertaking to each cleint who is investing with them.
from Dubai

Dear Sunflower1970.

So far no apartment has been handed over from Aquacity, construction is going on only, so how do you support/rate Shwas home. I have one booking in Alpine, construction is going on, but lack the schedule. About quality I have not seen it so far.

Dr. Abdul HP

Well there is no doubt in my mind that Shwas Homes is one "Big Fruad", and hence i suggest Mr Shoukat from Muscat needs to realize that we all putting these views about Shwas Homes are not getting any benefit by doing so but are simply wanting to warn others...The question i need to ask everyone here just for my clarity...What can we do???

what does the law say about a situation where a builder shows you a project on fancy brouchers and than comes up with something totally different and gets us the customers to sign on agreements that keeps the builder away from all sins...what does the law say in these cases...

Second - Is there a possibility to put a stay on all projects of the directors for this builder untill cases are resolved, cause they are fine going through the phases with us in courts as they expect us to tire and give in...

Third - Is there a Real Estate Association of some sort that can ensure none of these directors are ever entertained in this industry...

Fourth - Is there an NRI's association dealing with such real estate matters that can also black list them...

Fifth - Is the state or district authorities even aware of what is happening...

Sixth - Who is the local MP for that area and has everyone thought about approaching him jointly for action

Seventh - Is everyone on this forum ready to have a joint case against the builder first in the consumer court and than proceed with a Police Complaint for an arrest warrant, along with a Civil case of Fruad and cheating

Eighth - Or we can ask the builder to hand over the project to us the "Investors" and we will complete the project as a Society

Please send me your feedback with names of good legal firms to start the process and not waste any more time on acussations rather get the ball rolling for them to know this is serious...trust me people like these have no souls and cal lie to you forever and get their staff to lie to you as well, thats why their marketing department is good at what they do..."LIE"

@mikestalks

I[censored] have only single father - reveal your name and flat.

I am a subscriber of Shwas Dualcore at Aqua city. they have informed that the project is almost 6 months behind the schedule. Looking at the number of complaints and having direct feedbacks from some of the customers from a villa project near Thripunithura, were the unfortunate customers haven't had water connection till now, I propose and support the views of miketalks. We do not have to go and fight them at the moment... but can surely form a group in one of the social media like Facebook as Shwas Dualcore subscribers or so and communicate with each other. As many o[censored]s have taken the direct monthly installment method, we can monitor the progress regularly and collectively decide to form an association or society at the appropriate time and go forward to extend our payments into smaller installments towards the end of the schedule where they are asking for bulk payments until they speed up and deliver as promised with the goodies inside each unit. In case they fall back on their words it would be more helpful to get the competent authorities involved once you stand united.

guys...

it was interesting reading all these comments...

i was checking 99acres.com for an affordable flat and I came across Swas dualcore25 for 8.5 lakhs...

though i was surprised with the really low price, i became keenly interested and i did a google search on this project...

and thats when i came across all of your comments...

the ad on 99acres shows that it has been posted on 5th nov 2012 and the possession date is shown as dec 2013...

surprising alle??? you guys have been complaining and they still are promoting their flats...

any concrete action to stop them promoting, if all your comments are true???

I was planning on buying a falt that has come for resale in Shwas homes, Phase 3 of their projects Mystic Heights in Vyttila.

I haven't being there yet, and am an NRI. Was interested in Vytilla location hence the decision. Request your views - what is the exact problem of the project?

Please suggest whether I buy or not as I am in a dilemma now reading your comments.

Join "Shwas Dualcore" in facebook.
This is to unite all the buyers at Dualcore property.
Please cooperate so that we get the collective strength to talk to the builder.
Thank You - A dual Core property buyer.

I just cancelled my tickets to Cochin which I had booked to have a look at the Shwas Project in Aluva. I was almost ready to pay the booking amount as well.. The price they offered by them was tempting for the kind of amenities they provide. Thanks a lot for all your feedback. I feel it saved me..

Once again thanks a lot..

Heard Shwas Mystic Heights in Kaniyampuza Road is having major issues on commitment to the owners... and is in complete lock horns with the Owners.

Was more shocked to hear that the directors of Shwas even beat up little school going children of the owners last week... look at the audacity of these money bags and the plight of poor NRIs who own a place there.

When the Government and politicians have been in hand and glove with these cheats, how can you prevent these cheats from taking people for a ride. After the Apple deception was brought to light, the CM Ommen Chandy held a press conference and promised the affected people all support to get justice. He did not move even his little finger to do anything to help the buyers of Apple properties. The buyers who bought the apartments in Apple Heights in Vazhakkala Road had to pay through their nose for all the incomplete works left by the Apple management. It is no wonder you will see many such cheats coming up in the society to cheat the poor public when such politicians are behind them.

I am an unfortunate person who invested 8.2 laksh so far for alpine suits and it is in still under construction!!! i am going to file the police case against these people for fraudelent and cheating.
Now they are not answering the calls.. !!!

The attached email from the SHWAS team proves the intended fraud to all customers

These guys have no committment nor do they support customers.

Look at the attached, trifle reasons for delays! Did they plan a project of 2 years without considering any of these?

They offered a job in their Vyttila Project, is it a Suicide if i works for them?

See The Frames and captions in their website... They are applying colours to your dreams... still applying... never ever ends...

I am also find myself a unfortunate customer, booked a 2BHK flat for their Fortuna (Cochin) and paid the initial deposit of 10%, later I had to cancel the booking before signing the contract. Its now more than 3 months, still following up with them, no response and no money.
Now I am thinking to submit a complaint to Kochin City Police Commissioner.. Anyone has prior experience like this and the response.

If anyone is thinking of buying a Villa or a Flat with Shwas Homes then I would advice you to stay clear of these fraudulent builders. We initially got persuaded to buy a Villa in their 'largest township' in Aluva named AquaCity in 2012. We were promised the completion of this project by 2014. However, unfortunately after paying the deposit we started hearing bad things about their completed projects from current owners complaining about the poor build and unfinished jobs such as the project amenities.


After some delayed research on the internet, it convinced us to not go ahead with our plans and so we asked for our 10% back after a couple of days. Unsurprisingly we did not not see that 10% again after repeatedly chasing them. It is now 2014 and they have the exact same photos on their website from 2 years ago and I'm sure none of the Villas or the amenities are built in Aquacity as of date.


Best advice when buying a Villa or a Flat is to check if the builder is part of the CREDAI (Confederation of Real Estate Developer's Association of India). This ensures that the builders are reputable and provide the best built quality for your house without any hassle to the customer.


As of today we are happy to own a Villa with a reputable builder who is part of CREDAI who are providing us a Villa with state of the art facilities and amenities in Aluva without us being in fear of them ever scamming us of our money and not finishing their jobs.


Good luck in your search for a new home and whatever you do STAY AWAY from Shwas Homes who are rightly dubbed the next Apple builders in Kerala.

I have also purchased 2bhk in magic lilly, aquacity and they have not yet done the registrations. Any one with the same Situation please do contact me on [protected]

I have booked a flat in Dual Core. I have been asked to pay Rs 1.85 lakhs for an electric connection. The reason given for this big amount is that they are building a sub-station etc. But I still feel this is a big amount and there is something fishy about this.

Do you all have any such experience? Are you all paying Rs 1.85 lakh for electricity connection? Let me know.

Hello,


I paid 10% payment towards Tricore in Aquacity last month that is in July. I was about to pay the remaining 10% and came across this form.


After the initial payment was made I started smell some rat in the whole deal. As some one wrote, they were not picking the phone calls and when I send email the response was cold and the answer was different than what I was told prior to the initial payment.


Can anyone advise what is the next step to try and get the initial 10% I have already paid. I don't live in the middle east and have very few connections in Kerala or Cochin.


Any advise is welcome.


Thanks,
Sanjeev.

I WAS PLANNING TO BOOK A 1 BHK AT AQUACITY AS A HOLIDAY HOME.THE COST WAS COMPARITEVLY CHEAP AND THEY HAVE SHOWN AN MOCK UP FLAT WHICH IS EXCELLENT.AFTER COMING TO READ THESE COMMENTS AND CONTACTING A FEW CUSTOMERS I HAVE CHANGED MY MIND THANK YOU ALL FOR GIVING A VALUABLE CAUTION

Hello,

I am an another victim of Real Estate fraud of SHWAS homes Pvt.Ltd Cochin. I booked 1 apartment on Dual Core (12K).
Booked on 20/1/2015 and paid 2, 20, 000, 2nd paid 3, 00, 000 on 19/2/2015 and 3rd payment 3, 00, 000 on 11/04/2015.total I paid 8, 20, 000. Total amount of the flat is 1, 179, 440.00 (including tax) . After all this payments got few calls from some other buyers asking about this builder and experience with them ( I am not sure how they got my information).
After that I start searching history of the builder and find lot of reports of SHWAS homes fraud so I told them I will pay my payments only after completing the apartment and Mr. Alex (GM, customer relation ) agreed it after that I did several phone calls to them regarding this and not received any proper answer about the handing over date or time for visit the property. last week I received a mail it says Your Booking is cancelled due to the non-payment. Can anyone advice me how to get my money back from this frauds. please advice.

Thanks guys... I have couple of properties from Skyline and one from another but all deals went well. Was thinking about this 'Octacore' and luckily read all these info. Just got saved!!! Thanks again,

God Bless
Nair

I booked an apartment under SHWAS Aquacity- Dual Core-25 in 2010; highlights being
- all payments collected by builder except token handover amount by 2013.
-project announced "completed" in 2015 without electricity and furnishings (as per contract).
- additional amount of Rs 1.5-2 Lakh collected from each apartment owner to pay/bribe KSEB to install transformers, the cables etc.
- additional money collected for change of owner names in utilities from SHWAS owner to apartment owner.
- Status as of December 2016- No electricity and hence no entry into the building for anyone.
So in effect, I purchased SHWAS Ghost House apartment!
IS there no law in the land which could put these unscrupulous builders in jail and throw away the keys? These people are advertising new projects now !!!

This is intended to be a letter of warning to all investors searching for oppurtunities in Kerala. I live in the Middle East & an investor in Real Estate in Kochi. Within the Real Estate circles in Cochin, it is widely known that Shwas Homes has always been a fraudulent company from the very beginning of the start up. If I had known about this in time, I would not become one among the many investors who got cheated by Shwas Homes.

I booked an apartment with them to be finished by 2006. It still does not have a basic amenities. Not an elevator not even a car park for which I paid a good some of money. They changed the deed agreement before registration without informing me. They kept asking payment without finishing construction of the stages. The MD (Sreeni) & Marketting person (Biju) is always strangely in meetings & unavailable when customers arrive. The quality of construction is too poor that none of the well known Real Estate agents prefer to deal with Shwas's properties. I contacted several agents attempting to sell the apartment, and no one is willing to deal with Shwas as they expected it to be the next "Apple a Day" scam & they can all see it coming.

The bad name Shwas Homes has acquired in the Middle East has made the directors decide on looking for greener pastures with more gullible NRIs - like Europe. Most of the people in Europe will never know of the long history of frauds Shwas has until they are neck deep in a hellish court battle.

Some of my friends are going on with their court battles & I am wondering when I would ever be able to get rid of this cursed property. I am sorry, but there is not a single investor who has stopped regretting their decision to invest with them. With many lakhs of ruppees in bank interest is all gone wasted, the stories of losses among investors are many. Nobody is willing to come forward to buy these apartments, as there are many better options (in terms of standards, quality of materials & finishing) at much more competitive prices available in Kochi.

Any of the above can be independent verified with credible Real Estate companies, ex-employees & existing investors.

If you are seeing this notice before making any payments, consider yourself fortunate. To all others, I am sorry, you should have researched much earlier.

God bless!
Anandaraman

P.S: Attached is a panorama photo of one of many apartments in Phase 3 of their projects Mystic Heights in Vyttila, 10 months after the target date provided to its investors (October 2010). The standard followed in the design & materials used are worse than any Builder in Cochin. Proof of poor design can be seen in every room, especially in the kitchens. The investors who booked this Phase of the project will have to invest much more to correct the many defects. The last time I checked (yesterday), this block was still incomplete. Of what this Builder has made of the hard earned money of NRIs can be seen in the picture & the woes of the investors can be imagined.

This is intended to be a letter of warning to all investors searching for oppurtunities in Kerala. I live in the Middle East & an investor in Real Estate in Kochi. Within the Real Estate circles in Cochin, it is widely known that Shwas Homes has always been a fraudulent company from the very beginning of the start up. If I had known about this in time, I would not become one among the many investors who got cheated by Shwas Homes.

I booked an apartment with them to be finished by 2006. It still does not have a basic amenities. Not an elevator not even a car park for which I paid a good some of money. They changed the deed agreement before registration without informing me. They kept asking payment without finishing construction of the stages. The MD (Sreeni) & Marketting person (Biju) is always strangely in meetings & unavailable when customers arrive. The quality of construction is too poor that none of the well known Real Estate agents prefer to deal with Shwas's properties. I contacted several agents attempting to sell the apartment, and no one is willing to deal with Shwas as they expected it to be the next "Apple a Day" scam & they can all see it coming.

The bad name Shwas Homes has acquired in the Middle East has made the directors decide on looking for greener pastures with more gullible NRIs - like Europe. Most of the people in Europe will never know of the long history of frauds Shwas has until they are neck deep in a hellish court battle.

Some of my friends are going on with their court battles & I am wondering when I would ever be able to get rid of this cursed property. I am sorry, but there is not a single investor who has stopped regretting their decision to invest with them. With many lakhs of ruppees in bank interest is all gone wasted, the stories of losses among investors are many. Nobody is willing to come forward to buy these apartments, as there are many better options (in terms of standards, quality of materials & finishing) at much more competitive prices available in Kochi.

Any of the above can be independent verified with credible Real Estate companies, ex-employees & existing investors.

If you are seeing this notice before making any payments, consider yourself fortunate. To all others, I am sorry, you should have researched much earlier.

God bless!
Anandaraman

P.S: Attached is a panorama photo of one of many apartments in Phase 3 of their projects Mystic Heights in Vyttila, 10 months after the target date provided to its investors (October 2010). The standard followed in the design & materials used are worse than any Builder in Cochin. Proof of poor design can be seen in every room, especially in the kitchens. The investors who booked this Phase of the project will have to invest much more to correct the many defects. The last time I checked (yesterday), this block was still incomplete. Of what this Builder has made of the hard earned money of NRIs can be seen in the picture & the woes of the investors can be imagined.

This is intended to be a letter of warning to all investors searching for oppurtunities in Kerala. I live in the Middle East & an investor in Real Estate in Kochi. Within the Real Estate circles in Cochin, it is widely known that Shwas Homes has always been a fraudulent company from the very beginning of the start up. If I had known about this in time, I would not become one among the many investors who got cheated by Shwas Homes.

I booked an apartment with them to be finished by 2006. It still does not have a basic amenities. Not an elevator not even a car park for which I paid a good some of money. They changed the deed agreement before registration without informing me. They kept asking payment without finishing construction of the stages. The MD (Sreeni) & Marketting person (Biju) is always strangely in meetings & unavailable when customers arrive. The quality of construction is too poor that none of the well known Real Estate agents prefer to deal with Shwas's properties. I contacted several agents attempting to sell the apartment, and no one is willing to deal with Shwas as they expected it to be the next "Apple a Day" scam & they can all see it coming.

The bad name Shwas Homes has acquired in the Middle East has made the directors decide on looking for greener pastures with more gullible NRIs - like Europe. Most of the people in Europe will never know of the long history of frauds Shwas has until they are neck deep in a hellish court battle.

Some of my friends are going on with their court battles & I am wondering when I would ever be able to get rid of this cursed property. I am sorry, but there is not a single investor who has stopped regretting their decision to invest with them. With many lakhs of ruppees in bank interest is all gone wasted, the stories of losses among investors are many. Nobody is willing to come forward to buy these apartments, as there are many better options (in terms of standards, quality of materials & finishing) at much more competitive prices available in Kochi.

Any of the above can be independent verified with credible Real Estate companies, ex-employees & existing investors.

If you are seeing this notice before making any payments, consider yourself fortunate. To all others, I am sorry, you should have researched much earlier.

God bless!
Anandaraman

P.S: Attached is a panorama photo of one of many apartments in Phase 3 of their projects Mystic Heights in Vyttila, 10 months after the target date provided to its investors (October 2010). The standard followed in the design & materials used are worse than any Builder in Cochin. Proof of poor design can be seen in every room, especially in the kitchens. The investors who booked this Phase of the project will have to invest much more to correct the many defects. The last time I checked (yesterday), this block was still incomplete. Of what this Builder has made of the hard earned money of NRIs can be seen in the picture & the woes of the investors can be imagined.

This is intended to be a letter of warning to all investors searching for oppurtunities in Kerala. I live in the Middle East & an investor in Real Estate in Kochi. Within the Real Estate circles in Cochin, it is widely known that Shwas Homes has always been a fraudulent company from the very beginning of the start up. If I had known about this in time, I would not become one among the many investors who got cheated by Shwas Homes.

I booked an apartment with them to be finished by 2006. It still does not have a basic amenities. Not an elevator not even a car park for which I paid a good some of money. They changed the deed agreement before registration without informing me. They kept asking payment without finishing construction of the stages. The MD (Sreeni) & Marketting person (Biju) is always strangely in meetings & unavailable when customers arrive. The quality of construction is too poor that none of the well known Real Estate agents prefer to deal with Shwas's properties. I contacted several agents attempting to sell the apartment, and no one is willing to deal with Shwas as they expected it to be the next "Apple a Day" scam & they can all see it coming.

The bad name Shwas Homes has acquired in the Middle East has made the directors decide on looking for greener pastures with more gullible NRIs - like Europe. Most of the people in Europe will never know of the long history of frauds Shwas has until they are neck deep in a hellish court battle.

Some of my friends are going on with their court battles & I am wondering when I would ever be able to get rid of this cursed property. I am sorry, but there is not a single investor who has stopped regretting their decision to invest with them. With many lakhs of ruppees in bank interest is all gone wasted, the stories of losses among investors are many. Nobody is willing to come forward to buy these apartments, as there are many better options (in terms of standards, quality of materials & finishing) at much more competitive prices available in Kochi.

Any of the above can be independent verified with credible Real Estate companies, ex-employees & existing investors.

If you are seeing this notice before making any payments, consider yourself fortunate. To all others, I am sorry, you should have researched much earlier.

God bless!
Anandaraman

P.S: Attached is a panorama photo of one of many apartments in Phase 3 of their projects Mystic Heights in Vyttila, 10 months after the target date provided to its investors (October 2010). The standard followed in the design & materials used are worse than any Builder in Cochin. Proof of poor design can be seen in every room, especially in the kitchens. The investors who booked this Phase of the project will have to invest much more to correct the many defects. The last time I checked (yesterday), this block was still incomplete. Of what this Builder has made of the hard earned money of NRIs can be seen in the picture & the woes of the investors can be imagined.
Reply

This is intended to be a letter of warning to all investors searching for oppurtunities in Kerala. I live in the Middle East & an investor in Real Estate in Kochi. Within the Real Estate circles in Cochin, it is widely known that Shwas Homes has always been a fraudulent company from the very beginning of the start up. If I had known about this in time, I would not become one among the many investors who got cheated by Shwas Homes.

I booked an apartment with them to be finished by 2006. It still does not have a basic amenities. Not an elevator not even a car park for which I paid a good some of money. They changed the deed agreement before registration without informing me. They kept asking payment without finishing construction of the stages. The MD (Sreeni) & Marketting person (Biju) is always strangely in meetings & unavailable when customers arrive. The quality of construction is too poor that none of the well known Real Estate agents prefer to deal with Shwas's properties. I contacted several agents attempting to sell the apartment, and no one is willing to deal with Shwas as they expected it to be the next "Apple a Day" scam & they can all see it coming.

The bad name Shwas Homes has acquired in the Middle East has made the directors decide on looking for greener pastures with more gullible NRIs - like Europe. Most of the people in Europe will never know of the long history of frauds Shwas has until they are neck deep in a hellish court battle.

Some of my friends are going on with their court battles & I am wondering when I would ever be able to get rid of this cursed property. I am sorry, but there is not a single investor who has stopped regretting their decision to invest with them. With many lakhs of ruppees in bank interest is all gone wasted, the stories of losses among investors are many. Nobody is willing to come forward to buy these apartments, as there are many better options (in terms of standards, quality of materials & finishing) at much more competitive prices available in Kochi.

Any of the above can be independent verified with credible Real Estate companies, ex-employees & existing investors.

If you are seeing this notice before making any payments, consider yourself fortunate. To all others, I am sorry, you should have researched much earlier.

God bless!
Anandaraman

P.S: Attached is a panorama photo of one of many apartments in Phase 3 of their projects Mystic Heights in Vyttila, 10 months after the target date provided to its investors (October 2010). The standard followed in the design & materials used are worse than any Builder in Cochin. Proof of poor design can be seen in every room, especially in the kitchens. The investors who booked this Phase of the project will have to invest much more to correct the many defects. The last time I checked (yesterday), this block was still incomplete. Of what this Builder has made of the hard earned money of NRIs can be seen in the picture & the woes of the investors can be imagined.
Reply

This is intended to be a letter of warning to all investors searching for oppurtunities in Kerala. I live in the Middle East & an investor in Real Estate in Kochi. Within the Real Estate circles in Cochin, it is widely known that Shwas Homes has always been a fraudulent company from the very beginning of the start up. If I had known about this in time, I would not become one among the many investors who got cheated by Shwas Homes.

I booked an apartment with them to be finished by 2006. It still does not have a basic amenities. Not an elevator not even a car park for which I paid a good some of money. They changed the deed agreement before registration without informing me. They kept asking payment without finishing construction of the stages. The MD (Sreeni) & Marketting person (Biju) is always strangely in meetings & unavailable when customers arrive. The quality of construction is too poor that none of the well known Real Estate agents prefer to deal with Shwas's properties. I contacted several agents attempting to sell the apartment, and no one is willing to deal with Shwas as they expected it to be the next "Apple a Day" scam & they can all see it coming.

The bad name Shwas Homes has acquired in the Middle East has made the directors decide on looking for greener pastures with more gullible NRIs - like Europe. Most of the people in Europe will never know of the long history of frauds Shwas has until they are neck deep in a hellish court battle.

Some of my friends are going on with their court battles & I am wondering when I would ever be able to get rid of this cursed property. I am sorry, but there is not a single investor who has stopped regretting their decision to invest with them. With many lakhs of ruppees in bank interest is all gone wasted, the stories of losses among investors are many. Nobody is willing to come forward to buy these apartments, as there are many better options (in terms of standards, quality of materials & finishing) at much more competitive prices available in Kochi.

Any of the above can be independent verified with credible Real Estate companies, ex-employees & existing investors.

If you are seeing this notice before making any payments, consider yourself fortunate. To all others, I am sorry, you should have researched much earlier.

God bless!
Anandaraman

P.S: Attached is a panorama photo of one of many apartments in Phase 3 of their projects Mystic Heights in Vyttila, 10 months after the target date provided to its investors (October 2010). The standard followed in the design & materials used are worse than any Builder in Cochin. Proof of poor design can be seen in every room, especially in the kitchens. The investors who booked this Phase of the project will have to invest much more to correct the many defects. The last time I checked (yesterday), this block was still incomplete. Of what this Builder has made of the hard earned money of NRIs can be seen in the picture & the woes of the investors can be imagined.
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This is intended to be a letter of warning to all investors searching for oppurtunities in Kerala. I live in the Middle East & an investor in Real Estate in Kochi. Within the Real Estate circles in Cochin, it is widely known that Shwas Homes has always been a fraudulent company from the very beginning of the start up. If I had known about this in time, I would not become one among the many investors who got cheated by Shwas Homes.

I booked an apartment with them to be finished by 2006. It still does not have a basic amenities. Not an elevator not even a car park for which I paid a good some of money. They changed the deed agreement before registration without informing me. They kept asking payment without finishing construction of the stages. The MD (Sreeni) & Marketting person (Biju) is always strangely in meetings & unavailable when customers arrive. The quality of construction is too poor that none of the well known Real Estate agents prefer to deal with Shwas's properties. I contacted several agents attempting to sell the apartment, and no one is willing to deal with Shwas as they expected it to be the next "Apple a Day" scam & they can all see it coming.

The bad name Shwas Homes has acquired in the Middle East has made the directors decide on looking for greener pastures with more gullible NRIs - like Europe. Most of the people in Europe will never know of the long history of frauds Shwas has until they are neck deep in a hellish court battle.

Some of my friends are going on with their court battles & I am wondering when I would ever be able to get rid of this cursed property. I am sorry, but there is not a single investor who has stopped regretting their decision to invest with them. With many lakhs of ruppees in bank interest is all gone wasted, the stories of losses among investors are many. Nobody is willing to come forward to buy these apartments, as there are many better options (in terms of standards, quality of materials & finishing) at much more competitive prices available in Kochi.

Any of the above can be independent verified with credible Real Estate companies, ex-employees & existing investors.

If you are seeing this notice before making any payments, consider yourself fortunate. To all others, I am sorry, you should have researched much earlier.

God bless!
Anandaraman

P.S: Attached is a panorama photo of one of many apartments in Phase 3 of their projects Mystic Heights in Vyttila, 10 months after the target date provided to its investors (October 2010). The standard followed in the design & materials used are worse than any Builder in Cochin. Proof of poor design can be seen in every room, especially in the kitchens. The investors who booked this Phase of the project will have to invest much more to correct the many defects. The last time I checked (yesterday), this block was still incomplete. Of what this Builder has made of the hard earned money of NRIs can be seen in the picture & the woes of the investors can be imagined.

This is intended to be a letter of warning to all investors searching for oppurtunities in Kerala. I live in the Middle East & an investor in Real Estate in Kochi. Within the Real Estate circles in Cochin, it is widely known that Shwas Homes has always been a fraudulent company from the very beginning of the start up. If I had known about this in time, I would not become one among the many investors who got cheated by Shwas Homes.

I booked an apartment with them to be finished by 2006. It still does not have a basic amenities. Not an elevator not even a car park for which I paid a good some of money. They changed the deed agreement before registration without informing me. They kept asking payment without finishing construction of the stages. The MD (Sreeni) & Marketting person (Biju) is always strangely in meetings & unavailable when customers arrive. The quality of construction is too poor that none of the well known Real Estate agents prefer to deal with Shwas's properties. I contacted several agents attempting to sell the apartment, and no one is willing to deal with Shwas as they expected it to be the next "Apple a Day" scam & they can all see it coming.

The bad name Shwas Homes has acquired in the Middle East has made the directors decide on looking for greener pastures with more gullible NRIs - like Europe. Most of the people in Europe will never know of the long history of frauds Shwas has until they are neck deep in a hellish court battle.

Some of my friends are going on with their court battles & I am wondering when I would ever be able to get rid of this cursed property. I am sorry, but there is not a single investor who has stopped regretting their decision to invest with them. With many lakhs of ruppees in bank interest is all gone wasted, the stories of losses among investors are many. Nobody is willing to come forward to buy these apartments, as there are many better options (in terms of standards, quality of materials & finishing) at much more competitive prices available in Kochi.

Any of the above can be independent verified with credible Real Estate companies, ex-employees & existing investors.

If you are seeing this notice before making any payments, consider yourself fortunate. To all others, I am sorry, you should have researched much earlier.

God bless!
Anandaraman

P.S: Attached is a panorama photo of one of many apartments in Phase 3 of their projects Mystic Heights in Vyttila, 10 months after the target date provided to its investors (October 2010). The standard followed in the design & materials used are worse than any Builder in Cochin. Proof of poor design can be seen in every room, especially in the kitchens. The investors who booked this Phase of the project will have to invest much more to correct the many defects. The last time I checked (yesterday), this block was still incomplete. Of what this Builder has made of the hard earned money of NRIs can be seen in the picture & the woes of the investors can be imagined.

IHave booked a 2bhk flat at aquacity tetra core project aluva managed by shwas homes
Booking was done at march 2017 by paying 2.5 laks as booking amount.total was25lakh
At the time of booking they told me the booking can cacel at any point of time and full amount sill pay back within24hrs before signing agreement by paying 20%of total amount ie 5.2lak
I canceled booking within aweek but even after six months they are not paying back my 2.5 laks.They are not even responing my calls. Earlier they gave me several dates but simply lie.
Please help me to get my money back.I am paying 10.5% interest for that amount which I have taken loan from our credit society udyogamandal po.

Shwas Homes Robbed their customers
As regard to the complaints regarding the projects of Shwas Homes are concerned, let me assure you that they even don't have a efficient project execution team to execute the projects. Since they are building your homes as per the contract signed between you and them, their position is just that of a land owner who sells his land to bunch of customers and as a contractor, who build your homes. So it is in your every right you may ask the qualification and other details of their project execution team as it is with your money they are building it, not that they are selling it after they construct the whole building before selling it.

Apart from the shabby quality they provide you in their construction you must be concerned about the day light robbery they indulge with their customers. You may all aware of the registration & other expenses head they charge you with exorbitant figures on various heads. on that I can assure you that they had not remitted workers compensatory fund to any Govt. authorities as far as Mystic Heights - Phase -I is concerned. I am sure that they had not registered with any labour office for that matter till 2010 and I really suspect they had paid that amount for all other projects except Aquacity. In Aquacity also I doubt that they might have started paying that amount from 2011 onwards. they are supposed to charge 1% of Value of construction alone for the construction welfare cess, but I suspect they charge it for full flat cost. I am not sure on that but it will be better if you check your statements. In the case of Mystic heights - Phase -I they had pocketed from each customer up to an average of Rs.20, 000/- per customer which cumulates to 11 lakhs approximately. For the customers of Mystic Heights - Phase II & III it will be much higher as the cost of flat is much higher compared to Phase - I and i suspect they might have pocketed an amount up to the tune of 50 lakhs in that head itself. For all the other customers who had booked in other project you can check whether the Shwas Homes had made the remittance towards workers welfare fund by filing an application under RTI seeking information about the remittance made by Shwas for that project to The labour Office at Collectorate, kakkanad.

VICTIM SREERAM.
INFINITE CHEATER Shwas homes has the right to receive the mega award for cheating their customers for at least five consecutive years, as I am victimized. Exactly five year is completed after paying the full amount of 36 lakhs, including the registration fees in advance and receiving never ending excuses to prolong the registration of Magic Lilly flat. They are the most irresponsible builder I have ever heard. Now I am struggling in gulf to pay back my loans.
Additionally they are shamelessly asking to equally share the penalty imposed by the local panchayath against Shwas homes.
we are collectively with good number of customers are preparing to move to the court against shwas homes.
Let us join together for justice.

We can not rate this company even -1

Hi all,

This is a warning for all who ever read this before planning to book an apartment/villa with Shwas homes, read the above comments and take wise decision, otherwise if you have lot of money with you go ahead. But if your money is from hard earned please treat this as a warning don't book with this builder as in Shwas homes Tetracore project almost more than 50% of the customers are facing difficulties with them and planning to move to the hassled steps of courts and we are aware of the difficulties and unnecessary expenses for the court cases. Even we are decided to move because of the builders forced us to go ahead. They start cancelling the allotment whoever questioned them about the extra money in the head "STATUTORY" they are charging from poor NRI's and start sending cancellation letters.

So please think twice or thrice before you proceed further!!!

This is intended to be a letter of warning to all buyers/investors whoever is planning to buy Villa/apartment from Shwas Homes. I booked a flat in 2015 and after paying 27 installments they sent me a statutory amount of 8 Lakhs against getting electricity connection 1, 47, 857.00, water 30, 379.00, workers welfare 22, 000.00, maintenance deposit 25, 000.00, building tax 15, 000.00, one time tax 10, 000.00, and registration 1, 29, 300.00. When i informed them that i will pay this amount but i need a primary proof to justify this amount, instead of convincing me they sent me cancellation letter. I am sure this not an exceptional case they might have done the same thing for many out of 147 customers only few we know each other but others we don't know. As to my surprise my last installment will be in july 2018 and with their 3 months grace period to hand over the flat March 2019 why they start asking me the statutory ?