Deceptive Practices by Godrej Properties and Matrix Acres Private Limited, Underwriters: False Promises and Misleading Hype, for the project Godrej - Jardinia, Noida.
My experience with Godrej Properties, particularly through their partner Matrix Underwriters, has been highly disappointing due to a series of deceptive marketing tactics. Mr Ashwani Rai from Matrix acres along with Mr Brijesh Patel from Godrej Properties, have given false information about the project milestones timelines and thereby the demands that will be raised. But the fact is very different, leading to huge financial stress.
Matrix Acres Private Limited Underwriters, working alongside Godrej Properties, lures potential investors with promises that sound too good to pass up. Specifically, Matrix Underwriters promised commission-sharing as an attractive benefit, but this was nothing more than a bait-and-switch. Despite numerous reassurances from Matrix acres, the promised commissions never materialized. It’s clear that this offer was simply a tactic to get you on board, with no intention of following through.
Additionally, Matrix Acres Underwriters provided misleading information about the timing of payment demand letters, causing significant financial stress. They made it seem like the payment process would be smooth and predictable, but in reality, sudden demands for payments arrived unexpectedly, leaving me scrambling to manage my finances.
Another major issue was the hype created around the supposed massive increase in property prices in the locality. Both Godrej Properties and Matrix Acres Underwriters claimed that property values would skyrocket, portraying it as a golden investment opportunity. However, this projection was far from accurate. The price growth they promised never came to pass, and the return on investment has been underwhelming, to say the least.
In conclusion, if you’re thinking about investing in a Godrej Properties project through Matrix Acres Underwriters, be very cautious. The promises of commission-sharing and significant property value appreciation are misleading at best and completely false at worst. Don’t let their hype and deceptive tactics trap you into a regrettable investment decision as they did with me.