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Fraud Builder Cheating with Innocent Buyers. Review on Sovereign Developers Bangalore

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Venkatesh Warulu @venkatesh3003
Sep 27, 2013 05:47 PM, 17896 Views
Fraud Builder Cheating with Innocent Buyers

Hi all.


I am one of the victims of this Sovereign builder.


Their management team are full of frauds. starts with ROY MUKHERJEE(senior vice president), ROY GHATAK(GM, Admin & Marketing) & AJAY GUPTA etc .they are biggest cheaters they know how to fool innocent buyers and by nature they are very arrogant.


I have Invested all my life time earned hard savings in their SOVEREIGN UNNATHI PROJECT for a two BHK flat about 3 years back.project completion date was Dec-2012 for Phase -1, after delaying  for about 9 months still their is no hope of getting it ready in another one year if they do regular work.Moreover they do not have any ethics as per agreement there was no clause of escalation charges, but now they are demanding extra Rs.8.51 lakh+ tax to all the allot-tees & they expect that buyers should pay that amount to them, they are literally threatening that if they will not get the amount they are not going to complete the project which is totally unethical practice.


As a victim of this builder suggest you all kindly do not think to invest a single rupee in their any of on-going or up-coming projects, already most of their earlier contract projects are either under legal litigation or under dispute.


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