[Resolved] Stayying.com — scam/fraud scheme by josy mathew/stayying.com
Bangalore North, Karnatakabengaluru, India
Asashis0411 on Mar 8, 2018
This complaint is regarding a scam scheme started by the guy named Josy Mathew. This guy Josy Mathew is a total fraud. With this forum, I am advising anyone who is approached by this guy. He comes out with a model wherein his company Stayying.com will take the apartment on rent for 5 years and give rentals as per market conditions. He will also be doing interiors for the flat for which he is going to ask money. But the model is very simple. He will take some money on account of interiors(he has taken Rs.1.18 lacs from me), will ruin the apartment with some painting as if he is doing some work. Buys some time and will not respond.
I am pasting the mail that I received from him-
Please find below the details.
We take unfurnished apartments, get the interiors done and furnish and put it on rent to our clients which can be bachelors, families or corporate clients. We do not discriminate between them.
We do not charge a deposit to them and neither do we give a deposit to owners. Instead, What we do is make a contract for 5 years with a lockin period of 2 years for which duration we will pay the rent from our side itself irrespective of whether there is a tenant or not. So for a minimum period of 2 years you get the rent no matter what. Also complete responsibility of maintanence of the apartment is ours except for construction defects.
The rent fixed for Bharatiya City is:
1bhk is 16, 000 INR (Non Negotiable) with a 5% increment every 12 months
Maintanence will not be included for the 1st 1 year since it has already been paid during the posession. Will start paying once the association starts charging again.
1bhk- 1 lakh + Tax(Non Negotiable)- Without the kitchen.
This will include
Wardrobes with lofts in the bedroom,
Hobb and Chimney and aquaguard,
TV Unit and a shoe rack along with all the electrical fittings needed and the bathroom fittings like geezers, lights, fans, curtain holders etc….wherever required.
Process Moving Ahead:
First the booking is done, after which an agreement similar to the attached is signed and balance payment is done. After the interiors, the rent starts from the following 1st of the month onwards where the owner gets the rent in the beginning of every month from then onwards ( Pre Paid).
So if you are good with these terms and conditions we can move ahead. If you have any doubts or need any clarification, please give me a call to my contact number below and can explain things more clearly to you.
Have attached a demo contract we have made for another apartment for your reference. The contract is made once a booking of 50% is done. Please pay special note to points 7.9 to 7.11.
Kindly go through the details thoroughly before confirming as they are non negotiable.
Have also marked the team handling Bharatiya City in the mail as well. Once you confirm, they will take it ahead from there.
Josy Mathew | Founder and CEO
Address: 762, 17th F3 Main Rd, 6th Block, Koramangala, Bengaluru, Karnataka 560095
The guy is a glib talker and seems genuine.
Complaint marked as Resolved Mar 29, 2018
Josy Mathew/Stayying.com has agreed to start paying the rentals.
|8 Comments Updated:||Share0Tweet0|