Wtc Chandigarh — very bad

 
17 Reviews
 nitinraj8475 on Jan 18, 2018
Sharing my experience with wtc chandigarh:

1. Wtc chandigarh is under company viridian red.
2. They don't disclose the fact that their director is in jail for taking money from customers and not allotting the units:
https://accommodationtimes.com/an-buildwell-noida-denied-bail-for-delay-in-posse...
3. The employees of wtc chandigarh are corrupt. They will do everything to harass you and take a bribe from you.
4. For example, if you send money to them through cheque, they will deliberately put it in bank after a lot of delay when the last date of payment is over. On this pretext, they will not give you assured returns and will also charge hefty interest from you for the delay. Then they will ask bribe to escape the interest.
5. They don't disclose the project completion status as required by rera on their site and have not started work at the time of posting of this complaint which is far behind schedule. Only god knows if the project will ever get completed.
6. They are very rude people and they talk to you on the phone as if you are criminals even when there is no fault of yours.
7. They make defaults and delays from their own side but expect customers to never delay payment even by a single day (And that too when the cheque is in bank for processing).
8. They stop responding to emails whenever they consider suitable.

Nitin raj

Complaint comments  16 Comments     Updated: Share0Tweet0Share0

Comments

What is the Construction status of WTC Chandigarh? Any Updates ?
Soil testing must be over now I hope, last update that they are doing very deeply and organised way as they don’t compromise on the standards of construction.
Please share the latest pictures of the construction as after so much happening in real estate no developer can be trusted. Name them and you will find them in jail.
Who is the owner of the WTC Chandigarh Viridian Red.
It is Ashish Bhalla, congratulations my friend he is accused of siphoning off crores from the company account. Arrest warrants have already been issued on his name but don’t worry he is now out on bail. No comments, till what time as the case is under the trial and no customer is in a mood to spare this crook
18. So nobody’s money is safe if its with Ashish Bhalla, he is one greedy man who has scattered life of thousands and still doing every possible thing to ruin their lives
After 3 years of launch WTC Chandigarh has reached to such tremendous heights.
Looking at their construction speed you will be amazed. Viridian Red with such amazing skills will beat ShapoorJi pallonji. Great piece of Art. One day nation will be proud of Ashish Bhalla.
Post pictures

Look at it! What a shame though pictures are not very clear. But if this is the situation, i wonder they will be able to complete the project in next 10 years. WTC Chandigarh also falls under the PONZI scheme? I mean same assured return scam. People it’s your hard earned money please wake up, open your eyes.
What will happen to our investment now? I am scared of whatever happening with Viridian Red. I think like all other investments this will be gone as well. WTC Gift City construction is also very slow. Seems like Company is under huge financial crisis.
Dear friends
I am also an investor with Viridian Red, has already accepted the company will not be able to take so much of pressure. Viridian Red has a load of 20 crore per month only for Assured return, with sales being all time low.
WTC Chandigarh did not sell much, as Chandigarh has low acceptance for WTC, Viridian Red.
WTC Noida phase 1 n 2 is sold with huge assured return liability. Phase 3 sale is too slow.
Retrenchment rate with Viridian is too high just in few months they have put approx 100
employees out of the job.
Sir, can you please confirm, this is the reason they have delayed the assured return transfers this month and giving excuses for the same. Some bank documentation is pending. But they have assured to pay us by 15th of this month. Is it possible the problem has started? Please advice my investment is too high with this company. Can we ask for refunds after the agreement.
Off course, that’s your right. And if you are sensing something fishy then why to wait for storm to come and ruin your life time earnings. There could be some deductions. But if they are right they shall return the fund. At least you would have money in hand brother. Please be considerate I know it’s a long process but that’s your HARD EARNED MONEY.
I am a happy customer of WTC Noida, what rubbish is this you will create unnecessary chaos among the customers. What are the proofs of saying all this?
With all due respect sir, we understand your concerns but we are just trying to share our information and alerting people for future. As it is implied that the Ashish Bhalla owner of Viridian red connected projects WTC NOIDA, CHANDIGARH, GIFT CITY is a fraud. He has done forgery of hundreds of crores in A N Buildwell and destroyed the company and its 1800 approx customers. Who are crying in pain of losing their hard earned money. This has been proved by the EOW department. Attaching the status report for your kind attention.

Wherein ashishbhalla has taken out funds from the company accounts his brother Abhijit bhalla and Superna Bhalla wife are also mentioned. Arrest warrant is issued on Ashish bhalla’s name and his passport is impounded. Session Court has rejected his bail once and finally he got his bail in third attempt after huge manipulations in the court.
Let me know if you need more proofs on the same matter. Rest as far as Viridian Red is concerned our understanding says:
1. He has huge liabilities of assured return on him approx 250 Crores pa .
2.Even after leasing the space to VIVO he has to shed the difference of thelease amount from his pocket. As ViVO has beenleased at RS 14 approx +maintenance. You think what will have happen after this year when minimum lease commitment will be over..
3. Construction is almost stopped in all three projects as per the market reports.
4. Assured return is getting delayed.
5. To overcome funds crisis, he has done buyback cases, which would create huge problems.
6. He has not made the payments of the major channel partners, so sales are all time low. Means no further fund generation through sales.
7. He has fired approx 100 employees in last 3 months. And this list goes on and on...

attached the bail dismissal order of the accused persons in A N Buildwell .

also attaching the status report filed by Economic Offense Wing Mandir Marg in the matter of forgery in A N Buildwell

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