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Dear Team, I am the most Victimized Customer of Square yards. I booked a flat in October-2015 in Panchsheel Hynish (Flat No.2003), Greater Noida West. I received a Credit Note of Rs.72000 out of which only 50% has been released to me. I have sent 100+ emails but I am not getting any revert from the team. Your team is mentioning GoldMine as another party involved who is not releasing this payment. NO BODY IN SquareYards is working on this case and taking a followup. I have been taking a follow-ups from Amar Srivastava, cphelpdesk, Gaurav kaushik, Keshav Kakkar, csakGupta, Ritika Shori, Pooja Rajpal, Shubhi Jain, Sarabjot Sarna, Suhail Malik and Sucheta Banik...
I could come out of a SQY scam after paying advance of 2 lakhs for WTC Noida. After paying advance they sent me a mail which if I acknowledged, I was responsible for due diligence. Immediately I sent notice of cancellation. Initially they said advance cannot be returned. I had to intimidate them that I will report to authorities in Oman for cheating. Finally after several months I got back the money.
Not refunding money
I have purchased a villa in gaur yamuna city 2 years ago through squareyards broker. I visited squareyards’s office and they called their banker and after checking my bank statements and other documents they said your loan will get done by 7-8 days. You can pay your advance booking. I paid 3.33 lac as advance booking those are refundable if something went wrong. After that they gone sleep every day i called them they said send us these documents to bla person i sent then waited for 10-15 days again i called they said now bla person will look at your case send him all docs. I sent all docs to 4-5 persons and after 7-8 months they said your loan is not approving then i said refund my money back. Its 2 years gone and i am begging for my money. At one time gaursons clearly said me that refund is not our policy but after following up these guys 1 yrs regularly they saying that we will deduct 70k as interest (shocked i paid in advance and they are asking interest from me instead of giving interest to me) . Finally i agreed that deduct and refund my rest of balance now 7-8 months they always saying that you will get your money next month but no refund. They are not replying and not picking my call. I am thinking to commit sucide in their office.
Please help me or guide me legally.[protected]
Thanks!
I have purchased a villa in gaur yamuna city 2 years ago through squareyards broker. I visited squareyards’s office and they called their banker and after checking my bank statements and other documents they said your loan will get done by 7-8 days. You can pay your advance booking. I paid 3.33 lac as advance booking those are refundable if something went wrong. After that they gone sleep every day i called them they said send us these documents to bla person i sent then waited for 10-15 days again i called they said now bla person will look at your case send him all docs. I sent all docs to 4-5 persons and after 7-8 months they said your loan is not approving then i said refund my money back. Its 2 years gone and i am begging for my money. At one time gaursons clearly said me that refund is not our policy but after following up these guys 1 yrs regularly they saying that we will deduct 70k as interest (shocked i paid in advance and they are asking interest from me instead of giving interest to me) . Finally i agreed that deduct and refund my rest of balance now 7-8 months they always saying that you will get your money next month but no refund. They are not replying and not picking my call. I am thinking to commit sucide in their office.
Please help me or guide me legally.[protected]
Thanks!
Jay86's reply, Nov 16, 2021
Hi iam also approached by squareyard for bhutani properties, whether to invest or not, pl advice
They only sell to NRI customers, because they can sell at much higher prices for projects which are complete scams or will never be delivered, as we can't check the ground situation. They are not even registered as a real estate company, they are registered as an event management company or IT company so that they do not fall under the laws of real estate.
And after a point of time, they will say that projects are getting delayed or cancelled. Since they only hire contract staff, by that time the old team members have all moved to other companies and other countries.
The new team will say they have no idea about what was sold to us and why and instead they will try to request us to again invest in other projects which are safer investments. Do they really think they can fool the same people twice?
Obviously, the biggest scam (which they were hand-in-glove with) was the Barworks projects, which is now being investigated by the US government.
We lost in that too. Along with a Bangalore commercial property called Artha Emprasa.
Both projects were sold to us by Manasvi Mehrotra, who moved out of Singapore to PropTiger in India. Guess he's cheating people there now.