The Investo Maniac

 A multi-crore scam in real estate has been unearthed by the Economic Offences Wing of the Delhi police with the arrest of a promoter of An Buildwell who allegedly floated real estate entities and cheated over 600 investors. According to the police,  Sandy Hooda  along with his accomplice S.K.Hooda, who is absconding, launched two real estate entities in the name of AN Buildwell, a partnership firm, and Vega School early last year. Two different brochures were printed by the Directors of AN Buildwell with respect to details and locations of the proposed 280-acre township on National Highway-91. The brochure projected Rajshree Group as an Indo-Swedish joint venture. The company was shown as one of the fastest growing real estate developers in the National Capital Region, whereas it had no history of any real estate development projects and the accounts of both entities were opened with zero balance. Interestingly, the promoters of the company started the purchase of lan...

The economic offences wing (EOW) of Delhi police on Thursday submitted a 37,000-page chargesheet against real estate investor  Sandy Hooda , popularly known as Vega School Owner before the court of special judge JT Utpat in connection with the Rs 2,043 crores investor fraud. Addressing a press conference at the Delhi police commissionerate on Thursday, Sudhir Hiremath, deputy commissioner of police (DCP), EOW and cyber, said that the chargesheet includes details related to the quantum of the fraud. The chargesheet reads that the accused floated nine companies which were used to siphon the funds collected from 33,000 investors who were promised good returns on their fixed deposits (FD). The multi-crore case includes deposit and loan fraud of Rs 1,083.7 crores, banking and non-financial institutions (Rs 711.36 crores), debentures (Rs 111.35 crore) and Phursungi land fraud (Rs 136.77 crores). The document lists the role of six nationalized banks and their officials under the scanner ...

In a major relief for 1800 belaboured customers of AN Buildwell Pvt Ltd (currently under liquidation), on February 15, 2018, the Division Bench of the Delhi High Court dismissed a petition seeking to transfer the case to NCLT and pushing the company firmly into liquidation. Mired in controversy since the launch of the two projects, all directors of AN Buildwell have already resigned, while work at sites has stopped for the last few years, as the company went into purposeful liquidation. Read more about  Sandy Hooda  fraud in detail click on the link. The Hon’ble Bench accepted submissions by Mr Vikas Sethi on behalf of FOSECA and SWBA, collectively representing over 1100 customers of AN Buildwell who submitted bonafides of the respective associations as well as proof of support from the majority of creditors. The Hon’ble Bench observed that the interests of the larger group should not be held hostage by the interests of a few individuals and passed an order dismissing...

The most important phase of the journey along the path of real estate business relating to experience and reality rather than ideas is the basic thinking process as considered by ILD Group. ILD, known by the name of International Land Developers, was founded in the year 2006 under the successful parent/ holding company of ALM Group since 1990. Read more about ILD Fraud in detail by clicking on it. Mr. Alimuddin Rafi Ahmed, the Chairman of ALM Group, has promoted ILD to bring professional management, international design, execution and the best of services of real estate. The group has been involved in diversified activities and is currently implementing residential and commercial projects in Delhi and NCR. In order to allow customers and clients to make their best choices, ILD forms a think tank of leading architects, interior consultants, management specialists, global finest brands in design/ construction and decorative material inputs etc. According to the value for money the g...

Strategically located in sector 37C in Gurgaon, ILD Grand Centra is a well-crafted housing project which would offer some features to the inhabitants. Offering smartly built 2 BHK and 3 BHK residential units, the buyers would never fall short of choices. When it comes to connectivity, ILD Grand Centra would never disappoint the buyers as its proximity to National Highway 8 and Dwarka Expressway would offer multiple traveling choices to the buyers. Other connectivity choices that would make life a lot easier for the buyers include its nearness from the Hero Honda Chowk. Read more about ILD Fraud in detail by clicking on it. The upcoming metro station is situated at a distance of around 5 mins from Grand Centra. Also, ILD Grand Centra Gurgaon is just 10 mins from Gurgaon Railway Station, 15 minutes from Iffco Chowk and around 15 minutes from Gurgaon main Bus Stand. Additional specifications at ILD Grand Centra Gurgaon includes 75% open green spaces, a huge Amphitheater, a club w...

Grand Centra is a residential complex that is surrounded by lush greenery and calm ambiance. The project is nestled amidst the beauty of nature which makes the place a perfect destination for nature lovers. The smooth and soothing environ adds to the beauty of this mesmerizing residential project. The prime location of this property allows residents to enjoy a comfortable and enjoyable life. The apartments are designed in order to fit the lifestyle of common people. The availability of the basic needs within a close proximity also contribute to the beauty of this project. Read more about ILD Fraud in detail by clicking on it. Earthquake Resistant RCC Framed Structure Eco Friendly Landscapes Ample Parking Space Impressive Building Facade Floral Beds & Water Bodies Rainwater Harvesting & Waste Management Plant Part 22 Acres of Awarding winning Green, Grand Lifestyle Strategic Location Advantages Present in Sector-37C, "First Sector of New Master Plan." ...