The Brave Pedestrian

Mumbai, 30 th August, 2017: There's a saying, “Fool me once, shame on you. Fool me twice, shame on me!” This applies to those who sank money into Bhagtani builders’ various real estate projects, and are now struggling to get it back again. During July and August 2017, investors/flat-buyers of Bhagtani builders' properties received letters that gave vague reasons for non-completion of the project, and then said, “we would like to have a meeting with you in person to propose certain options for transferring the investment or for the refund”. These letters, on the letterhead of Jaycee Construction Co, were sent to investors of JVPD Properties, Jaycee Homes, MD Devcon etc. Here is a specimen of one such letter: The excuses offered for non-completion of different schemes varied, but the main point was always the same: Come to our office and meet us. It reminds you of those lines from the famous poem: “’Will you walk into my parlour?' said the Spider to th

24 th August, 2017: Our previous article was about how the Allotment Letter issued by builders Dipesh and Mukesh Bhagtani (JVPD Properties, Jaycee Homes, MD Devcon, etc.) is full of cunningly drafted clauses for cheating people who book the flats. This present article is about why buyers MUST NOT SIGN the Cancellation Deed even after informing Bhagtani builders that they want their money back. Because the Cancellation Deed and all related documents are cleverly worded to deprive the flat-purchaser of all their evidences and their legal rights! It is well known in the market that all the Bhagtani realty projects are traps for unwary flat-purchasers / investors. People who invested lakhs of rupees for booking flats in Bhagtani Sapphire (Dahisar East), Bhagtani Serenity and Bhagtani Krishaang (Powai), Bhagtani Riyo (Mira Road), Bhagtani Savannah (Kanjurmarg East) and Executive (Ghatkopar West) are now trying to recover their money, with or without the 15% interest promised to th

Mumbai, 18th August, 2017: Thousands of flat-purchasers are trapped like fishes caught in a net by Bhagtani builders and their companies including Jaycee Construction Co, Jaycee Homes Pvt. Ltd, and and JVPD Properties Pvt Ltd. People who booked flats in Bhagtani Sapphire (Dahisar East), Bhagtani Serenity and Bhagtani Krishaang (Powai), Bhagtani Riyo (Mira Road), Bhagtani Savannah (Kanjurmarg East) and Executive (Ghatkopar West) are now regretting their decision, because they are being systematically cheated and exploited. Diipesh and Mukesh Bhagtani are cheating gullible purchasers – many of whom work abroad and therefore unaware of the pitfalls of Indian property market. The 20-odd real estate companies belonging to the Bhagtani family are located at 501, 5th Floor, Prime Plaza, Next to Asha Parekh Hospital, S V Road, Santacruz West. Employees of these companies are knowingly or unknowingly part of an organized crime disguised as legitimate building activity. Click here to see v