Investors Beware..... This is a Ripp Off

₹1.92 Cr - ₹3.81 Cr
Possession on: Mar 2018
Status: Ready to Move
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Investors Beware..... This is a Ripp Off
Mar 08, 2022 06:55 PM 2402 views

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I wish I had a star rating below one star.


This builder called Raheja Developers is worse than the small time builders and has swindled money from honest investors by selling a dream which might never fulfil.


I booked this project and started to pay in 2011, and we were promised possession in Jan 2015. It has been 11 long torturous years and crores of savings down the drain. We have no hope in sight, and I will not be surprised that after this review, I might start getting threats.


I took a bank loan at 10.75% for 01 crore - paying installments for the money that had never been put to intended use. This builder has many cases against him - the most recent one is a FIR filed in case of poor construction at Raheja Vedanta.


Raheja has even cheated us at their project in Atlantis, were he took money for the Club house, and he never built the same / gave the same to the society. He is now busy marketing Navin Minar with @leelahotels and I have a good mood to write to them and tell them how he will ensure their downfall with his unethical, fraudulent and false promises.


I hope people wake up and stop buying properties of Raheja Developers till the time he complete's all pending projects and compensate the flat buyers properly.


He was once taken to NCLT, he is not scared of RERA, NCDRC and Supreme Court has passed numerous judgments against him, but this builder is not changing his tactics. We all know that the law takes time to catch up, but sincerely hope that he also meets the fate of Unitech owners and the Supertech owners soon.


I am surprised at the fake reviews where people have praised this builder. I have been dealing with this builder from 2004, and never never again. Even if I am able to exit out with losses, I will be happy to as I am not sure if he will declare bankruptcy and run away with our hard earned money or ever give us the promised apartment for which we have paid in full.



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