Story of victim of Coral Lake scam in Karjat (RCL Homes)

Mumbai, 19th February, 2018: Flat purchasers looking at booking properties in Coral Lake, Mohili Meadows, TS Harmony and Otium Club in Karjat taluka, developed by RCL Homes, please be warned, you can lose lakhs of rupees. Realliance Constructions a.k.a. RCL Homes is an unregistered entity known to be cheating large numbers of flat-buyers. Multiple cheating complaints are pending against promoters Anand and Kavita Kadam at EOW wing at CBD Belapur, Navi Mumbai, Vashi police station and Raigad police. 


To understand how you can be cheated, read how Shweta and her husband Pravin Kachhawah lost Rs 3.26 lakhs by booking a flat in Coral Lake, Karjat. In August, 2012, the couple visited the project site and saw that two of the 14 buildings proposed (each with 8 flats) were in a finished state. A third building was under construction. Also the clubhouse was in a finishing stage. Seeing this, the couple were convinced that project was making steady progress. The couple met Anand Uttam Kadam, husband of Kavita Anand Kadam, the proprietress of Realliance Constructions (which is also known as RCL and also RCL Homes), who assured them that they would start giving possession of flats will from December 2013 onwards. The builder claimed that the project had statutory approvals and funding from Bank of India, and promised to enter into registered sale agreement before July 2013.

Convinced by all this, Shweta and Pravin booked a 680 sq.ft. built-up 1 BHK flat in Jaladhi building of  Coral Lake project at a consideration of Rs 21.75 lakh. Realliance Constructions issued the allotment letter on 30th August 2012 after receiving Rs 1.07 lakh by cheque. The builder soon demanded a further payment Rs 2.17 lakh, bringing the total amount paid to Rs. 3.26 lakh.

On 1st November 2012, Shweta and Pravin visited the site and found that the construction work had not commenced. The builder said that the delay was due to temporary unavailability of sand.

In February 2013, the clubhouse of Coral Lake was inaugurated, and Shweta and Pravin were invited. Although no construction activity was happening, the inauguration gave them some hope that the project would soon be back on track. 

Thereafter, Shweta visited the site frequently, and was disturbed to find no progress. The builder now  claimed that project was hit by recession in the real estate market, and bluntly said that construction work would begin only when there was a rise in demand!

The construction activity never resumed.

(On hindsight, it becomes obvious that builder's sole intention for opening the clubhouse was to exploit it, and the two ready buildings, as a holiday resort. They never had intentions of delivering the flats to flat-buyers.)


In March 2014, Shweta wrote many emails and letters asking for cancellation of the booking and a complete refund. On 16th April, 2014, Realliance Constructions replied with an email that showed the builder's fraudulent and malafide intentions, as it said that "you can yourself create a third party and sell your cancelled flat". As for refunding the amount, it said vaguely that "as the market condition is volatile, we require some time to refund your booking amount".



Shortly afterwards, the builder shifted their office to a new location without informing Shweta and Pravin, who had to go to great lengths to trace the current address (Shop No-32, 2nd floor, Nano wing, Haware business park, Vashi , Sector-30A, Navi Mumbai 400703)

On 2nd February 2015, Shweta filed a civil suit in Belapur. On 17th December 2015, the civil court delivered a judgment directing the builder to refund Rs 3.96 lakh plus 9% interest. However, Realliance Constructions completely ignored this court verdict. It has not refunded any amount till date, forcing Shweta and Pravin to seek other judicial reliefs.
 
On 26th March 2016, Shweta filed a cheating complaint Vashi Police station against Anand Uttam Kadam and Kavita Anand Kadam. The FIR was registered under IPC section 420 & 34. Many more FIRs will be registered in the weeks and months to come.

RCL Homes is part of a large group of scam builders, which is referred to as RCL-RBIL. It is conservatively estimated that RCL-RBIL builders have collected over sixty crore rupees as booking amounts in 2011-12 from multiple projects, and have not delivered any flats. Real Buildcon Infrastructure Ltd, having its registered office in Vashi, is at the epicentre of this huge scam. Realliance Constructions, which is closely associated with RBIL, is not registered with the Registrar of Companies. The name is designed to look and sound like "Reliance Construction Ltd", in order to fool customers. 

Besides Anand Uttam Kadam and his wife Kavita, other important scamsters of this group are Vaishali Savalkar, Minal Ramji Umrania and Pravin Hirji Thakkar. However, the scam is wider, and involves the directors of many other companies, about whom more articles will soon be written.

ISSUED IN PUBLIC INTEREST BY
Krishnaraj Rao
9821588114
krish.kkphoto@gmail.com


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Comments

  1. I have a unit no. 110 in olive in ten square. can you add me to your group please.
    Prema C

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