They could be named as the younger brother of Heera properties who themselves are scammers of the highest order. Started by 4 brothers from Malappuram as a family business this Company was doing kind of ok till 2016. From the very next year, whichever projects they had stepped into, was stopped. Be it Nucleus Bayview in Kottayam or Nucleus Eleganza in Cochin or Nucleus Spells in Trivandrum. They have given invalid reasons like demonetization, Flood, shortage of workers, non receipt of a Fire permit, Covid as the reasons for Delay. They have 100+ litigations against them in Civil courts, Consumer courts, and RERA, mainly for their non-execution and below-average construction quality. They also have cases against them by their sub-contractors for nonreceipt of payment. The worst happened in Bayview at Panachikkadu Kottayam where they had to re-build a Villa based on RERA order. Even after collecting a huge amount of more than 50 Crores from these projects combined, they haven’t completed any Apartment or Villa project after 2017. If it’s completed after that date, it’s by the owner’s associations after getting an order from RERA. Many NRIs have lost their hard-earned money by believing them. They have closed down their offices in Major sites and many sites are now abandoned.
It’s very evident that they have diverted all their funds to their new company Nucleus Hotels and resorts, Thekkady, which is an LLP. They have good political influence in both main parties in the state and are not very concerned about the heaps of cases against them. They don’t even bother to attend hearings that invite displeasure from the hearing authorities.
For people who want proofs for the cases,
https://rera.kerala.gov.in/ - under Legal->complaints download PDFs for both 2019-20 and 2021, search for Nucleus.
Trivandrum courts
CC/1502169/2019 - sparrow constructionManagement and consultancy
versus
Nucleus premium
Ernakulam courts
Sr No Case Type/Case Number/Case Year Petitioner
versus
Respondent View
Munsiff Court Ernakulam
1 OS/300857/2021 ASWA-CON
versus
NUCLEUS PREMIUM PROPERTIES PVT. LTD View details for case number 204703008572021
2 OS/300607/2021 Subin A Thadathil
versus
M/s. Nucleus Hotels and Resorts LLP View details for case number 204703006072021
3 EP/300226/2021 PAN MARKETTING Pvt Ltd.
versus
Nucleus Premium Properties Pvt Ltd. View details for case number 205103002262021
Commercial Court, Ernakulam
4 EP/200954/2020 T.A.Kuruvilla
versus
M/s.Nucleus Premium Property Pvt.Ltd. View details for case number 205102009542020
5 Com.S/200416/2021 KAVITHA PRAKASH REP BY POWER HOLDER PRAKASH M.K.
versus
M/S. NUCLEUS PREMIUM PROPERTIES PVT LTD REP BY EXECUTIVE DIRECTOR NASHID N.P. View details for case number 209802004162021
6 Com.S/200415/2021 KAVITHA PRAKASH REP BY POWER HOLDER PRAKASH M.K.
versus
NUCLEUS HOTELS AND RESORTS LLP REP BY PARTNER NASHID N.P. View details for case number 209802004152021
7 Com.S/200356/2021 KAVITHA PRAKASH
versus
M/S NUCLEUS PREMIUM PROPERTIES PVT. LTD View details for case number 209802003562021
8 Com.S/200157/2021 PARVATHY J
versus
NUCLEUS PREMIUM PROPERTIES PVT. LTD. REPRESENTED BY ITS MANAGING DIRECTOR, NISHAD N.P.,