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Mahagun builder stole everything I have. Review on Mahagun Group Ghaziabad

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Sushant Naik @SushantNaik2014
Aug 21, 2014 08:09 PM, 46583 Views
Mahagun builder stole everything I have

My name is sushant naik. I am a resident of noida uttar Pradesh where I reside in a rented flat with my wife, daughter and my parents. I have been cheated by Mahagun builder and all my savings including my public provident fund savings is now gone stolen by Mahagun. Mahagun builder has duped me of a total of Rs.28 lacks. I no longer wish to live anymore and writing this as a warning to other flat buyers before they fall prey to Mahagun builder.


My case is as following:


I booked a flat in 2011 March in Project Mahagun Mascot Ghaziabad. My flat was in Avalon tower. I invested all of my savings including public provident fund as well as my father’s retirement benefit. My father was an electrician and had to quit his job in 2004 because he suffered paralysis and has been bedridden since then. My father’s life savings amounting Rs. 6 Lacks has been invested in the flat. I am the sole earner in the family. I also took a loan from HDFC for 10 lacks for which I am paying 15 thousand EMI every month. The flat was promised to be handed over in April 2014 but in June this year I was informed by Mahagun that Avalon tower building has been cancelled as it has been declared illegal by development authority. Mahagun told me that my only option was to switch to another project called Mahagun Mywoods where the flat will be ready only in 2018. Mahagun asked to shell out rs.4 lakhs more for switching to this new project. When I asked for refund Mahagun replied that there was cash crunch in the company and he has already used my money in construction and I am not entitled for any refund in such case. When I contacted HDFC and told them about this they refused to entertain my complaint. HDFC said that it was a dispute between flat buyer and builder and they are not responsible, HDFC said that if I stop paying EMI then I shall lose the rights to the flat. In total I have lost 15 Lakhs of my own funds plus Rs.3 lakhs EMI I paid HDFC over the last 3 years.


I met Mahagun company owners Dheeraj jain and Amit Jain last week. I told them about my financial condition and explained them how hard it is for me to even buy medicines for my father or Milk for my 3 year old daughter as most of my salary is spent on rent and EMI . To this Amit Jain told me that there is uncertainty in property business and they have already spent my money in buying land for another project. When I told him about my paralysed fathers life savings that has been invested in the flat Amit jain laughed at me and made a joke about approaching his good friend Akhilesh yadav for charity.


I don’t think I can withstand this cheat. I cannot explain this situation to my father and mother. I can no longer face my wife and daughter.  We were never rich but we never stole even 1 rupee from anyone all our lives. I am just not equipped to withstand such fraud. I hope my passing can bring about awareness. Please be aware of Mahagun builder. Think hard before entrusting your savings to this crook.


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