[Resolved]  Aishwarya Projects/Presidency Projects — Life-savings money lost in Devanahalli land site

Address: Bangalore, Karnataka

I invested 13.5 lakhs (half the money toward a site that costed 27 lakhs) on a 60x80 site in Devanahalli near the International Airport in Bangalore. This huge amount of money is my entire life-savings and now that the president of the company, Bhaskar Reddy, has fled with all the money, I am literally pauper!

I want this thug and a fraud brought to justice and my money recovered please. I live in U.S. currently but was planning on returning back to India with my family for good and was counting on this investment entirely! I have lost everything I have worked so hard for and I want justice.

Thanks
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Aug 13, 2020
Complaint marked as Resolved 
 
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Today, CCB police Bangalore have taken T.R Reddy into custody for investigation. They have taken both his cars and gold, chash above 5000 Rs/-. They are taking the property doucments of the two apartments owned by T.R Reddy. CCB police are looking for V.Bhaskar Reddy, he managed to escape for the time being.
Yes, I have also paid Rs 9.5 lakhs advance for three sites Shri enclave, Presidency elite and Global city, Till date they are not responding. came to know during the recent arrest of the duo 107 acres land documents are seized by CCB may be this has to be distributed among the customers by the court or govt. This should not be left for more days like this. The matter to be settled as early as possible.
shankar [protected]
waiting for the speedy action from CCB. let us hope for the best
[protected]
The CCB police officers failed to produce V.Bhaskar reddy and T.R Reddy in court in several cheque bounce cases. For some odd reasons, Srinivas and Krishnam raju of CCB police failing for the past 1 year to produce V.Bhaskar reddy and T.R Reddy in court in cheque bounce cases. Just as an eye wash they arrested Reddys and let them go on bail, as 420 cases usually takes10 years in india. They issued Reddys 420 photos in some obscure papers and let them go free on bail after they cheated customers to the tune of 50 crores. There does not seem to be any good intention in CCB officers to provide justice to victims, in fact they are abusing the victims and supporting these criminal reddys. All that CCB police did so far was to protect themselves. It is time for giving complaint to lokayukta on CCB officers for misleading the courts about not able to trace Reddys even they are present in the city. Even warrants issued through police commissioner were not honored by CCB police.
We were also cheated of 9 lakhs for a site in Royal Enclave Mysore. We also gave complaint with CCB and it seems they are in process of chargesheeting. [protected]
V Bhaskar Reddy has conducted another fraud which came to light very recently. He has registered sites in Royal Enclave layout for more than 100 people in survey no. 45 and the people have received khata and ec also. But even before registration, he has kept survey no. 45 sale deed of his in SBI bank as mortgage and took loan credit of 7.5 crores. He has done registration of sites to people in Royal Enclave layout Mysore after keeping this survey no. 45 sale deed as mortgage. Now SBI has put demand notice for recovery of this credit amount. They have took possession of this Survey No. 45. Because of this all people who have took plots in this survey no are affected and they might have to loose their plots. Also others in this layout are affected as some of the common things like road are passing via this survey no.
I have given complaint against Aishwarya projects in CCB and provided the notary signed papers as requested by them. Hope some resolution will happen soon.

BTW has anyone filed a case in consumer court? I tried filing one and my lawyer asked me if I can get some existing case number in consumer court.

Thanks,
Anil
hi
I am Sampige srinivas and very sad to note all this . Actually i had booked asite at Royal county in mysore .I had a lot of trouble because they did not refund and instead offered me a site in royal orchid and the same is registered without any lay out formation .now after royal enclave i dont know the status of royal orchid . Has anybody heard of this .
Dear sri Sampige srinivas
Have they demanded fresh investment for getting registered the Royal orchid. This layout is not heard before. where it is the located. please give your mobile number or contact me over phone [protected] to know the things. Some how, even I have to come out of this. I have invested 9.5 lakhs.
shankar
Please go and complain in the Governors office, that even after nearly 40 Non bailable warrants were issued by the courts in bangalore, the police are not executing the warrants. Three is no progress in the CCB case as they have not filed the charge sheet on V.Bhaskar reddy and T.R Reddy for de-frauding the public in mysore, bangalore and vizak. Request for a CBI enquiry into this matter.
These two are absconding and the courts have declared them as Proclaimed offenders as they were not coming to courts

Hi All Readers

Please can you provide the feedback on the SRR homes which have started a project in the Devanhalli (Near Nagurjana Engineering college).
i have 3.34lacs to the GLOBAL CITI project of Presidency group/aiswarya projects in 2007 and i have been running all over bangalore and their has been no solutions sinc 2007...i have met Mr.Norruallah attached to cottonpet police station after which we met Mr.Alok/Jt Commssioner Crime and their has been to solution...i get calls from Mr.Suresh of Aisnwarya group asking for BIDADI project...how safe is that??...what is the state of common man to invest and buy a plot if their is no support from the agencies concerned - understand Bhaskar reddy is not in picture ( i am sure he is enjoying the best of lifestyle)...PLEASE HELP US FIND A PROBLEM..I NEED 3.34LACS...
Hi, Am another victim of these cheats. 2.7 lacs hanging with them. God know if this will every get back to me.

-Nag
Hello Aashish,

Stay away from srrhomes. The project Preserve (villla and plots ) is nothing but old project code named 'Aerozona' .Lot of customers were duped with fake registrations here.

It seems that ex police commissioner of police B N Garudaachar and his son Uday garudaachar (Owner/partner Garuda Mall Bangalore) have stake in srrhomes. But i don't know how Reddy sold this Aerozona to these guys or these Garudaachar's also partner in crime knowingly ? I don't have an answer for this.

website:http://www.srrhomes.in/

-S
4th july and 2nd August are the hearing dates of Aishwarya projects at high court. All can assemble there to know the status.
Hi Friends, can you please let us know what was the outcome of court-verdict; as we are also in-need of refund (with respect to "Royal ENCLAVE, Mysore") Thanks

Also please let us know whether any of you have got sites registered in Royal ENCLAVE, Mysore; after repeated persuation - some of our friends have got sites registered and also got MUDA Katha & EC - please let us know whether there are any issues wrt plots in all Survey numbers of this layout (as one of the above threads' mentions about issue in Survey no 45) Thanks
I visited this site today. The project is relaunched by SRR home. Is your issue resolved? is there a risk in buying now
I am talking about SRR home "The preserve, Devanhalli" ex- aishwaray project. Any feedback or risk associated in buying here?
What is the status with the couple of crores that was paid to the farmer who owns the land on which Shree Enclave was supposed to be developed by Presidency group in Bidadi? Is the farmer still hanging on to the money? Can we form a layout with the cooperation of the farmer? I got 6.25 lakhs stuck with that . That is now worth more than 11 lakhs.

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    Bangalore
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