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.