Scammed by Sumeru Realty
by Money Lost
My intention of writing this post is to educate people who are interested in investing with Sumeru Realty, to think before their hard earned money is invested in this venture.(though I wouldn’t recommend it at all)
The Realty Company launched by RS is purely to build flats for the benefits of his devotees, but their prices were so exclusive (High) that only his NRI devotees could be fooled with those rates, a commoner would never buy the flats knowing the rates. The rates on Kanakapura Road, (15kms inside) were nowhere near 3000/sft , but it was Sumeru realty who were the first to price so high.
However, after all the large amounts of money collected by them, they have not even delivered the project in time.
I booked a flat with them in the year 2008 and have paid almost 80% of the money, now the building is still to be completed. The promised dates have all been continuously skipped, and not a single schedule has been maintained so far, and now they say they ‘ll be handing it over by July 2012, which also does not seem to be happening form the information I get and the way in which the work is in progress. It would be a miracle if the project finishes by 2013 Navaratri!! Now I can’t even take back my money and book else where as I would lose large sums of money (thanks to the strange contract they fooled us in to signing as, we customers have no benefit and all the benefits go only to them) . MAKE US PAY, DELAY WORK, AND USE RS’S NAME TO GET AWAY!!. Wonderful scheme to loot people!
The next best thing is that, Sumeru Realty claims that the building is vastu compliant, but the land has the poorest vastu I have ever seen, and several of the apartments have nothing called vastu at all in it. The vastu story is all but a pack of lies and a selling gimmick used by Digvijay (CEO) who himself dosen’t know the difference between plastering and painting. He is all talk and No Work. And RS keeps on encouraging people to invest in such projects.
On digging deeper, I got to know recently that this Project is a “LEARN AS YOU BUILD PROJECT” handled by inexperienced people like Digvijay and his PS Ruchika and a few other Ashramites who aren’t professionals at all. People like us who are investing our hard earned money, for their learning are the only major losers. Delay the project and play double money with our money. BRILLIANT SCHEME!!.
They terminated their contract with Aluwalia Contractors, who were working in the project, and then for months the site was dead. On questioning about this, there is no clear reply from Sumeru. After months of repeated mails and follow-ups, the Sumeru marketing gives us the next finishing date, which is also not met. The people who are handling this project are totally incompetent and are unable to answer any of our queries. I even hear that all the staff of Sumeru has left them due to unethical practices. Starting form irregularities in sanctions and delays in decisions to improper handling of project and funds, to extreme irregularities, the project is yet to see the light of the day.
Enormous amount of Bribes have been paid for this project and RS claims in his satang that he and his organization are very clean and have not paid a rupee bribe in his tenure of 30 years .Such BIG FAT LIERS!!
First let, SSRS Correct the corruption in his organization before he goes around correcting the same in the country. RS turns a blind eye to all the corruption inside his Organisation and is busy playing Political games to correct corruption in the country. Ha Ha ….Such a Do Gooder!!!