[Resolved]  Karvy — regarding rental payments delay in azure (the core property) investments

Address:

Bangalore, Karnataka, 560067

Hi,
I am sachin naik, investor in karvy private wealth from 2015.. I have invested in c& c construction (Mohali junction project) and azure (The core mall, ghaziabad) investments. Below is the status of my investments so far...

1. Returns from investments in c&c is stopped (In 2017 end) and proceedings are happening via nclat route. I have no updates of what is happening in this front.

2. Azure investment returns also stopped from 2017 end and karvy asked me to upgrade it to new investment (In the core mall) by paying extra 4 lakh money. I was told it is pre-leased property investment (Reliance, fbar, embassy office space etc) and i will get 100% assured monthly rentals starting from january 2019. I waited for all of year 2018 without any returns as the clause was that rentals will start only from january 2019. I have got only 1 month rent payment so far and i am chasing my rm to find out when will i get other months money and what will happen to this investment in future etc.

I have mailed my rm, shantanu awasthi etc but they dont respond or pick my calls. I have watsapp and call recordings giving false promises of the money returns...

I feel like a beggar chasing you each time for my money invested based on your recommendations you and the least you can do is have proper followup's and updates to your clients...

You can contact me on my number - [protected] for more details... If i do not get updates of my investments i will have to explore legal routes etc...