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.
There’s numerous reports online on they have scammed people.
