| Address: Bangalore, Karnataka, 560037 | | Website: www.karvywealth.com , www.ggproperties.com |
Golden gate properties through its company bhagyalaxmi holmes have entered into a buyback arrangement with customers on plots of golden gate ira project in bangalore. Inr 15-20 lakhs have been collected per plot. This started in year 2016.
Karvy wealth was the broker and became the third party for distribution of this real estate product.
They merrily have made their brokerage for every transaction and golden gate/bhagyalaxmi holmes have now defaulted in returning back the principal and the interest.
We have been following up since 2 years and karvy wealth have conveniently taken a legal opinion that they are third party to this transaction.
Rera karnatka and nbfc regulator needs to see how customer is being fleeced. The golden gate ira project is rera registered - prm/ka/rera/1250/301/pr/180627/001916
The nbfc ombudsman needs to note this behaviour of the nbfc in collaborating with the real estate players to fleece customers.
I would recommend people to be wary of karvy wealth and golden gate as they both have maifide intentions in business.
The below mentioned directors/management of both the companies are aware and still we do not see the money coming back
Golden gate : directors of the company parasad pasam : pratap kunda
Karvy : parthasarthy ceo karvy, n srinivasan, abhijit bhave ceo karvy wealth
Srinivasan Was this information helpful? | 
Post your Comment