Invested 55 Lacs for office space of 750sq.ft in project in 2008.was suppose to be completed in 2011 .project was on 12%assured return basis.In 2015 from month of March stopped getting returns.filed suit against the builder in Lok Adaalat.won the case and pending assured return were given to us untill 2016.TDS certificates were not received for these periods.Lok Adaalat directives were to give us 12 months cheques in advance and uptill now no cheques and no work has been initiated at site. This investment was for our old age and we have been left in lurch. We are NRI living in Thailand now. Now how to trust our investments in india. Can anybody help in recovering our investments
We invested in ABW gateway Towers and paid all the amount in advance in year 2012 now my husband is undergoing brain tumor treatment at Apollo hospital now I need my money badly......is there any body who can help me.. Please suggest some ways out to get my money back for his treatment.
The developer had collected Rs 800 crore from the buyers. There are a total of 1,976 allottees for several projects and the buyers have made 20-90% payment.
Fine example how Land Acquisition Act saving millions of farmer. Some developer like AWB, Karma, Unitech, RP Estate and Innovative — bought 400 acres of land worth Rs 1,600 crore for just Rs 100 cr
GURGAON: Eight years ago, a large residential-cum-commercial project, the kind that have sprung up across Gurgaon and other parts of NCR over the years, was launched in Manesar. It got nearly 2,000 buyers, who saw their investments taking concrete shapes on a 104-acre plot. But today, the barren plot is all they have to look at. The project, Aditya Niketan, never took off. Collectively, the investors say they have paid a whopping Rs 800 crore to the developer, ABW Infrastructure Ltd. And they are worried their money will sink because the plot is mired in litigations, a CBI probe into deals for the land is on, and an RTI reply has informed them the developer did not acquire approvals or licence for the project. ABW Manesar Allottee Welfare Society, the association of buyers, claimed 1,974 allottees had paid Rs 800 crore as well as Rs 45 crore as external and internal development charges to the Haryana government through the developer for ABW Aditya Niketan, the township was to come up in Sector M1. Three FIRs have, meanwhile, been filed against the developer, two by homebuyers and one by the department of town and country planning (DTCP), in 2016. But these have failed to provide any relief to the buyers till now. The developer could not be reached for comment. At the time of booking, the developer assured us they had all necessary approvals from the government and the land for the township had been legally acquired,\\\" said Naresh Jindal, who represents the buyers\\\' association. Years after making the booking, buyers say they came to know through an RTI the developer did not have required approvals for zoning and building a shopping mall inside ABW Aditya Niketan and the licence to develop the township had expired in 2009. Jindal said the project was launched over 104 acres of land in 2009 but in 2011, farmers filed a case against the developer before the Punjab and Haryana high court for forcefully acquiring their land. In 2013, the high court ruled in favour of the developer. In 2014, the farmers filed a special leave petition before the Supreme Court. At the same time, Haryana\\\'s new BJP government told the court it had requested a CBI probe into the land deals. In 2015, the CBI filed a case in an alleged land scam involving 400 acres, including the 104 acres of ABW Aditya Niketan. It was alleged that private builders in collusion with government officials had purchased 400 acres of land from farmers and landowners in Manesar, Naurangpur and Lakhnoula at throwaway prices. The CBI conducted raids at different locations, including the residences of former chief minister Bhupinder Singh Hooda. The probe is still on. \\\"Due to the political interest of the state government in the alleged land scam, the buyers are having to face difficulties,\\\" said Jindal, adding instead of exploiting the matter to settle political scores, the government should spare a thought for middle-class people who had invested their savings in the project. He said buyers were going to protest against the government and the developer. A senior official of DTCP said the issues were also raised before the Allottee Grievance Redressal Forum (AGRF), set up by the government in Gurgaon to resolve builder-buyer disputes, in 2016 and an FIR had been registered against the developer by the department. https://timesofindia.indiatimes.com/city/gurgaon/2000-investors-rs-800-crore-paid-but-not-a-brick-laid-for-project-launched-in-2009/articleshow/61230912.cms
NEW DELHI: The Delhi Police is investigating a case involving six people, including the promoter of a real- estate firm, for allegedly duping a man of more than Rs 15 lakh on the pretext of selling him an apartment in Gurgaon. The complainant, Om Prakash Gulati claimed that Atul Bansal, the promoter of M/s ABW Infrastructure Pvt Ltd here, and five others had invited applications for the sale of residential apartments in 2010, according to an FIR registered recently at South Delhi\\\'s Saket police station in this regard. Between 2010 and 2012, Gulati paid Rs 15,80,379 to them, who assured him that he would be given possession of the apartment in 2013, it said. Over the next two years, the accused kept giving false assurances about construction beginning \\\"soon\\\" but it did not happen, the FIR said. Last year, the complainant also sent a legal notice to the men asking them to return the amount, but there was no response, it said, claiming that on enquiry, he found that the land where the project was to be built had been sold off. Others named in the FIR are -- Ravi Shankar, Ved Prakash Saxena, Satya Prakash, Rajat Sondhi and Vijay Kumar Khurana. When contacted, the real-estate firm said the complainant had paid a sum of Rs 15,80,379 on account of booking a floor on a plot measuring 300 sq. yards (approx) in the plotted colony \\\'Brahma City\\\' in sectors 60, 61, 62, 63 and 65, Gurgaon. ABW Infrastructure Ltd said it entered into an agreement with Krrish Buildtech Private Limited for the project. As per the terms of the agreement, an application for grant of licence was submitted to the Directorate Town & Country Planning (DTCP), Haryana, by Krrish Buildtech Private Limited in respect of a 151.569-acre land plot for setting up a residential plotted colony. The ABW Infrastructure Limited had contributed land measuring approximately 23 acres for obtaining licence/ development of plotted colony in sectors 60, 61, 62, 63 and 65, Gurgaon. However, due to \\\"force majeure reasons (unforeseeable circumstances that prevent someone from fulfilling a contract)\\\" beyond the control of ABW Infrastructure Ltd, the project got entangled in litigation, the response said. The process of revision in layout-cum-demarcation plan and zoning plan has now been completed by the office of Director General, Town and Country Planning, Chandigarh, it said, adding \\\"we are now ready to allot the unit in the plotted colony\\\". http://indianexpress.com/article/india/police-probes-delhi-based-builder-for-duping-man-of-rs-15-lakh-4917928/
Gurgaon, May 10 (IANS) Top officials of real estate developer ABW Infrastructure Limited have been booked for cheating a buyer of Rs.42 lakh, police said on Tuesday. Arvind Bhardwaj, a resident of Gurgaon\'s World Spa West in sector 30, lodged an FIR against ABW top officials under sections 406 (breach of trust) and 420 (cheating) of the Indian Penal Code, and section 3/32/14 of the Haryana Protection of Interest of Depositors (in Financial Establishment) Act 2014. The complainant said that he had paid Rs.42 lakh to the builder for a flat in April 2010. The developer had assured to hand over possession of the flat within a year. But that promise did not materialise in over six years, and the money was not refunded. A case has now been registered at the DLF-2 police station here. Police are investigating the case. No one was available from the ABW Infrastructure to comment on the matter. https://in.news.yahoo.com/officials-abw-infrastructure-booked-cheating-140003940.html
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