Expat Properties — no development and no hand over of plots as per agreement | |
Invested in a na plot of land (1 acre) near mopa goa in their carnival project. Booking made from their dubai representative office via a ecs payment plan.in june 2019 their sales person (Nitesh george d'costa) called and asked for balance payments since the land is ready for registration, however i wanted to personally see the plot and flew down to goa. Surprised to see that their site person could not even take me to my plot and points to me some land in the horizon that could be my plot. Further surprised that talking to nitesh, he gets aggressive that i should pay the remaining amount from the consideration. (By the way already 90 % paid already and they want the remaining 10% also, but zero development made as per the agreement let alone demarcation of my plots). Immediately issued stop payment of ecs to my bank and upon further follow up meeting at their dubai office, again surprised to find their sales team vanish including nitesh and a whole lot of them left the company siting cash flow problems. Apparently expat mobilized a team in mumbai to "handover" projects, but all they can do is verbally promise and try to buy time. Informed them many times that i understand their "cash flow" situation (Even after paying maximum upfront) and asked for any official commitment but none received very poor communication from their end. Further surprised to find that approx 200+ investors as me have been facing the same issue from years ago. I have paid already 18 lakhs inr and asked them to atleast refund my principal without any interest penalty as per agreement but still no reply. Now inclined to believe that they will close dubai office as they apparently did in muscat. Will be pursing the case with the dubai police as well as the indian authorities for clear suspected fraud from expat projects & developments. Caution anyone and everyone against investing with them. Booking ref b1501994 and b1502008 Was this information helpful? | |
Expat Properties customer support has been notified about the posted complaint. | |
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