Beware of Expat Properties Scam
Expat Properties is Bangalore based company having their projects in Maharashtra as well. This company is totally fraud company. Just simple example I can tell you, If you are visiting their site and look for their completed and current projects for plots and bungalows then you will find their completed projects are only three, which were started during 2009 and at least 30 current projects which are started since year 2010 onwards and till date registration and possession of the plots are not given to the customers. At the time of selling plots they are giving assurance to the customers that delivery of the plots & In their token agreement also they are mentioning the delivery of the plots will be in 24 months and additional 12 months gestation period. All the project are lagging behind their scheduled as these people are not investing their own money in buying land; they are acquiring land from local farmers after receiving fund from the customers.
I have invested around 15 lacs in Taloja Vida project with full Cheque payment in 2013. I ts my Fathers retirement Fund. The falt is 650 Sqft. which is supposed to handover in 2018 . But tell you one thind they are still not started construction & telling me things like they are waiting for approval. Now every time they asked to visit office & discuss the things which are useless. Mr. Berlyn D, souza called himself GM of company & His assistant Ms. Chaya Bolar who are ready to fool me saying that Project is going on. I told him many times that we are no more interested in your project & want my Money back what he Said to me is " We are not in the situation to Refund your Money" what the hell if this company dont have money into their account to complete the project then why they are taking peoples hard earned money.
Again when last time when I spoken to Mr.Berlyn he Said "We dont have liquid (Money) in our company" One more thing, if you call on the number of Mr. Berlyn D’souza who is GM of Expat Properties His mobile always came switched off or he is not received your call. Same with Ms. Chaya Bolar , they are sitting their to fool. all Investors. Investor will always feel uncertainty of their invested amount as this company is not at all trustworthy.
Conclusion: Don’t Invest Your hard earned Money in Untrusted Company like Expat Properties, Otherwise you have to cry like begger for whole life
Sachin Nalawade
9819000142