Viridian Red — deviation from approved projects frustrates buyers

Address:	New Delhi, Delhi, 110020
Website:	www.viridian.red

The real estate industry is quite perplexing and the buyers need to perform regular checks to authenticate and validate information being advertised. Sometimes political and cultural facts affect the purchase decisions, particularly when it is about buying a new home or a commercial space in a well-known suburb.
Even though indian real estate industry is rising and will be a global leader in the upcoming decade, there are many concerns related to scams and frauds in the industry. This ratio is increasing recklessly and affecting the potential buyers as well as the real worth of properties in and around ncr.
It has been noticed that after completion, several projects actually deviates from its actual terms and framework of the original plan.in such cases, the buyers have to compromise on nearby amenities, luxury, parking space, etc. This can be an outcome of internal rigidities that comes up in builders and their partners in due course of time while handling any project.
An buildwells’ is well known where ashish bhalla related with sphereinvest viridian india property fund ltd, a foreign investment company, generally called millinneumspire helped in encouraging terms with an buildwell and invested 400 cr into spire edge.

Bhalla gradually controlled the detailing structure in addition to the handling of roles and responsibility of the organization. People like ashish bhalla create a bad name for the investors & make customers think twice before investing anywhere. On the direction of ashish bhalla, his close confidents managed to get crucial agreements and contracts of an buildwell signed and for its own benefits used the funds accumulated through various projects.
Moreover, the email ids of all an buildwell employees are migrated from previous domain to spireworld.com; therefore, those who invested in the project failed to communicate with the concerned authorities regarding payment and possession of the property.
Buildwell shareholders have been barred access to business-critical information and all-important rights were taken over by ashish bhalla without intimating an buildwell or any of its directors.