[Resolved]  VHF Selve — No response

VHF Selve was very popular in Gulf countries around 10-12 years back, selling its properties like Farm houses, residential plots, Teak plantation units, etc in Chennai, Hosur and Bangalore.
the company's MD Dr. Jagannathan used to stay in a hotel at Muscat, Dubai, Doha most of the time selling these properties. Many have bought, a few are happy as they got everything whereas long term investors are suffering.
I too invested in one of their schemes called "Millionaire Estate". It was a small piece of land with Teak plants and mango plants.
We are supposed to get the returns from Teak after 20 years i.e. in 2012 or 2013 whereas we were supposed to get the returns from MANGO after 05 years i.e. atleast from 2000 but so far, nothing has come from their end.
Also, there is no website, no e mail id of this company. If we call them on their office numbers, no proper response, unable to get a feedback to our queries.
Dr. Jagannathan has passed away two years back and now his son is taking care, but no one is responding to the investors queries.

I am now worried whether my hard earned money is safe or am going to lose it. Many others too may be having the similar problem.

The authorities should interfere and see that the company responds and keep in touch with the investors.

Best Regards,
Ajmal
Was this information helpful?
No (0)
Yes (10)
Aug 13, 2020
Complaint marked as Resolved 
Complaint comments 

Comments

I was informed that all the estates with plantations will be liquidated for market value and proceeds distributed to the respective investors. In any case the 20 Year Maintenance Period
clause precludes any precipitate action at this stage.

K Prabhakar
Kuwait

E-Mail: [protected]@yahoo.co.in
Dear VHF SELVE CONTINENTAL CITY PHASE 21 INDLABELE SARJAPUR --ATTIBELE ROAD PLOTS/SITES OWNERS

SEND YOUR EMAIL ADDRESS CONTACT MOBILE OR PHONE NO TO [protected]@gmail.com .for suggestion on

developing the property .

Regards
Alex M
Dear VHF SELVE CONTINENTAL CITY PHASE 21 INDLABELE SARJAPUR --ATTIBELE ROAD PLOTS/SITES OWNERS

Work of developing the property has begun Asphalted road, Underground sewage and other facilities.

SEND YOUR EMAIL ADDRESS CONTACT MOBILE OR PHONE NO TO [protected]@gmail.com

Regards
Alex M
I have also bought a plot in Hosur. I have also went to their office thrice but no proper response and we return with a broken heart. I am also suggesting to form a commitee to take legal action aganist VHF. We should see to it that people like VHF should not fool others like they are fooling us.
Hi I am Nazir Mangaladan it is great pleasure in joining all VHF SELVE UNLUCKY OWNERS come together under one umbrella to fight with this kind of peoples to get our money back please join with one group

Best Rgds

Nazir Mangaladan
email.mr.nazeer.[protected]@gmail.com
anand.pathinathan's reply, Jul 6, 2021
Hi, I’m looking for the farm land to purchase in Hosur with my friends. I have won the land in VGP already. If any of VHP owners are interested to sell please revert. Thanks in advance.
You can reach me A n a n d . P a t h in a t h a n ( at ) g m a i l ( d o t) c o m
Thank you Mr.Aziz and Mr.Daniel for taking the initiative..We are also victims of the same fraud. We have purchased 5 or 6 properties from Jagannathan. We would like to join your forum and Insha Allah take action against the company.
Mahmood
I have been to their office at Hosur a few times. I have also seen the teak plantation close to chennai 5 years back in 2010, which seems to be in good condition. But trees were supposed to be cut in 2012 as per 20 year contract, But they said if we wait some more time, better the price, which is true when it comes to teak.
But I would like to join with all of you in forming; if not a committee, atleast a time when we can all go to their office and get straight forward answers on when investors will be paid up or any other queries.

Ronald Castelino
[protected]@hotmail.com
[protected]
The VHF property holding still remains a mystery. As I stated earlier in my posting, nothing positive have emerged from my "VHF property holdings".

I wonder whether it was one of the biggest cheating of the 21st century. Will some smart fellows build factories or farm houses on the so-called plots we own at Coimbatore, Hosur, and Vaigai etc., leaving us the losers.

Where is this Bharat anyway. Can CBI investigate on this matter, so that we can have some benefits from our VHF plot holdings.

Prathapan Gopalan, Sharjah, U.A.E.


Prathapan Gopalan,
Sharjah - UAE
My Father too bought into their teak plantation projects too around 93'-94' when he was in Bahrain, the one just off Malu-Bagalur. Road. We received a letter (Snailmail) from (Late)Mr.Jagannathan's son who is looking after VHF now, following which we made a visit to their SIPCOT phase1 office. During our chat he seemed to show quite a bit of interest in buying off the plot if we were to sell, offered around Rs-5~6 Lakhs for our 14000 sqft plot( About Rs 35/sqft). I did some research on land prices around the area, found out actual prices on projects and plot are around Rs400 ~ Rs800 in that area... (There are Software technology parks and villa projects coming up around the area) so guess prices as a result have gone through the roof and Mr Jaganathan's son is trying to leverage those prices to sell off to builders, that is probably the reason he is showed interest in contacting us...
sen Satish's reply, Jun 14, 2021
U r wrong real rate he quotes...
Try to sell out side then u come to know
I also have 4 plots in vhf millionaire estate in chingelpet. No news at all. Only solace is that today i check online for the encumbrance certificate and the plots are still in my name.

Lets all get together and teach this a lesson.

My contact email is akg. [protected]@gmail.com
sen Satish's reply, Jun 14, 2021
I can buy u r plots ...whatts up 9843262555...
Hi all,

We too own plots sold by VHF in Hosur and Kodai Teak estate since 16 years, tried to sell them off, but not being successful, no cooperation from VHF as well. If we had invested that amount in a plot in Kerala we could have made a good investment considering the rise in land value in the state.
If anyone can advise on this matter we would appreciate very much.
Thank you all and good luck!
S G Kutty
[protected]@hotmail.com
anand.pathinathan's reply, Jun 23, 2021
Hi,
I have own a plot in VGP which is adjacent to VHP in kannimangalam, ( Hosur to Bagalore). The VHP property is really looking cool. Grown up teaks and fruits yielding mango trees . I used to see some guys are staying in the house just opposite to the layout . And often noticed some mini jeep inside VHF taking the mango’s. I feel that you don’t need to worry. I’m not about the quality of teak but it still looks awesome during monsoon. The brokers buy the land for 6 Lakhs and sell it around 8 to 12 L . If you are willing to sell better post it in forums and sell it directly. All the best .
Regards,
Anand
Hello VHF Plot Owners,

We have formed "VHF Plot Owners Welfare Association" and in the process of registering the same. We have a yahoo group and I would request all the plot owners to become members of the Yahoo group to regularly be in touch with the other plot owners. Please send an email with the details of your plot in VHF to the following email ID for us to send invites to the plot owners to become members of the yahoo group and Association. We also have a whatsapp group and you can join the group if you provide your whatsapp number.
Thanks

VHF plot owner.
VHFPlotowners Association's reply, Sep 5, 2016
Hello VHF Plot Owners,

We have formed "VHF Plot Owners Welfare Association" and in the process of registering the same. We have a yahoo group and I would request all the plot owners to become members of the Yahoo group to regularly be in touch with the other plot owners. Please send an email with the details of your plot in VHF to the following email ID :

vhfplotownersassociation@gmail.com

for us to send invites to the plot owners to become members of the yahoo group and Association. We also have a whatsapp group and you can join the group if you provide your whatsapp number.
Thanks
I have gone through the reviews of all ... but none has gone to police to report this matter... I am surprised ... losing all your hard earned money .. and no one bothered to complaint against the firm who had cheated you all.. fine group..
Hi,
Any update on

VHF SELVE CONTINENTAL CITY PHASE 21 INDLABELE ATTIBELE ANEKAL
BANGALORE ON ATTIBELE SARJAPUR ROAD

Regards
Ananth
hi all,
I am EZHIL advocate, chennai.
one of my clients from Gulf, approached me regarding her plots in phase XVII in VHF Badathepalli village. I have visited the property, approached revenue department, obtained Patta, Chitta, Adangal, A-Register (UDR Period) and updated my client's name in all revenue registry. I also obtained the layout sketch and sent to her.

As I am a specialist in land based litigation and non litigation, I was able to do all liaison works without approaching VHF company. Infact I was in HOSUR in late 90s and hence i am able to do.

As a lawyer i suggest you as follows:

1. It is not wise to go for legal battle because you have to struggle for few years in court of law and waste of money. You may lodge criminal complaint and at the end police may arrest the director of company but he will come on bail in few days.
2. First identify you property. The agreement you entered into with the company is expired and now you can take possession of the property.
3. Either you construct a farm house/hut - if it is 50 to 100 houses are there you can appoint securities for your your gated community.

4. Form an association - it should be registered under Societies Act to take care of the properties.

5. The easy way to save your money is try to sell your properties there as soon as possible since, no water, no electricity, no roads are there to survive.

6. Before doing anything as i stated above, please allign your deeds of title and revenue records and obtain a legal opinion from a lawyer (who has good knowledge over lands including land ceiling matters).

Hope I made it clear to you all and this is nothing but a mail for awareness and for the benefit of land owners.

Regards,
EZHILARASAN
Advocate- Madras High Court.
0-[protected]
[protected]@yahoo.com
hi, EZHIL herein again.

The agricultural land price at Bagalur, Nallur in 1998 was just 18000 to 20000 rupees per acre (100 cents = one acre) and several companies have purchased there for this price.

The money you paid at the time of purchasing your plots are several times more than the actual value. Developer collected such huge money not only for the value of land but also for their commitment of growing so many trees, but failed.
VHF SELVE CONTINENTAL CITY PHASE 21 INDLABELE ATTIBELE ANEKAL
BANGALORE ON ATTIBELE SARJAPUR ROAD

We are in process of selling our land in above site 2400sqft.

contact me if you need info.. rmthariyan at gmaildotcom
Hi,
My name is Anand. Im receding in Bagalur and I’m looking for the farm land near to Bagalur, Hosur. Recently one of the broker shown me the vhf property in geemangalam ( Bagalur ) in Hosur. Are you discussing about that property? If yes, I’m willing to buy the farm land. You can reach me in +[protected].
Thank you.
Regards,
Anand
anand.pathinathan's reply, Sep 28, 2019
Typo error: residing
I am ready to buy these site any one want to sell whatts me [protected]
We Buy Resale Plots OF VHF, VGP Etc. in Hosur, Bangalore, Coimbatore, Kodaikanal, Tirunelveli, Hydrabad Etc.

For More Details Please Contact
[protected] / [protected]
Email : [protected]@gmail.com

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit

    Contact Information

    India
    File a Complaint