Home Vatika Limited Vatika Group (8 Complaints)
Cheated Buyers 30th Dec

Rs 200 crore for its low-rise housing project on Dwarka Expressway and around ₹600 crore for its hotels Westin Gurgaon and Westin Sohna‬

Source : https://realty.economictimes.indiatimes.com/news/industry/vatika-raises-rs-800-crore-from-piramal-finance/62302785?

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Vatika shield of vatika turning

Anonymous User 12th Nov

Has any body recieved vatika shield havjng booked a project under vatika tuning point? Are contents to ensure zero erosion of your capital are false n incorrect??

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jay shah 18th Jul

A fews days after a case of cheating and fraud was registered against real estate developer Vatika Group’s Managing Director and three others, senior officials of the group have said that they were being implicated in a false case.
The group’s Managing Director Gautam Bhalla, Directors Anil Bhalla and Gaurav Bhalla and the company’s sales and client service head Ankit Nagpal were booked on the basis of a complaint by Delhi’s Santpura resident Suman Preet Kaur and her husband Surender Pal Singh on September 7.
The FIR was registered under Sections 406 (breach of trust) and 420 (cheating) of the Indian Penal Code at the Sector 29 police station in Gurgaon.
The two complainants said in their FIR that they had booked a flat in Vatika One Express City in July 2014 and had paid the money amounting to around Rs 22 lakh in instalments. However, in December 2015 when they visited the site, it was still a barren land, they said.
Following this they wanted refund of the money, but one company official, Nagpal, told them that the project had been scrapped and that they should transfer the money to a new project after which the refund would be easier, the complainants said.
They transferred the booking — to Vatika Seven Elements — but they had not got their money back, the couple said.
However, Vatika officials said that the complainants had not talked at all about the “undertaking” by Kaur in March 2016 that she had got back as refund Rs 21.54 lakh which was transferred by them “voluntarily” to book a flat at Vatika Seven Elements. “Construction on the project is as per schedule and deliveries are expected likewise,” the company said in a statement.
An earlier report in IANS had quoted a police officer as saying that the complainant (Kaur) had invested the money in “an assured return scheme” of Vatika group. This is incorrect as the money had been invested in Vatika One Express City, a residential project.
When contacted, Surinder Pal Singh, Kaur’s husband, said “there was a huge difference” in property promised and the property that was being offered to them.
“I paid my installment each time beforehand but after one year they told me that the project (Vatika One Express City) had been scrapped and no payment could be refunded. I kept calling them for a refund but they never gave any,” Singh told IANS.
Singh said that he was then approached by Nagpal (one of the accused in the FIR) who “forced his wife and him to go for another property at Seven Elements, owned by Vatika Group, since no refund was possible as previous project was scrapped.”
He said that the property offered to them as replacement “is in the interiors of Gurgaon while the one I had originally invested in was bang on Dwarka Expressway. I pleaded with them to give me a refund but they never relented and kept lying,” he said.
Citing the ‘undertaking’ which Kaur had given when she was alloted the alternative property, Vikas Manhas, CRM Head Vatika Group, said, “I am sure the police would find the truth and reality during their investigation”.
Vineet Taing, President of the Vatika Group, also accused the couple of “misrepresenting the facts before the police,” and hoped that “sooner or later, the truth will surface as she tried to tarnish our reputation”. He said that “the top priority of Vatika — right from the day of its inception — is to safeguard the interest of buyers. The complainants have been hiding and misinterpreting the facts before the police.”
Police officer Kanwar Singh said that the police were investigating the case. The case was registered after an inquiry by the Economic Offences Wing (EOW) of the police.


http://www.financialexpress.com/industry/complainants-are-misleading-says-vatika-group/380400/

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jay shah 18th Jul

GURGAON: A case of cheating and fraud has been registered against real estate developer Vatika Group\'s managing director and three others, Gurgaon police said on Thursday.
Those booked on the basis of a complaint by Delhi\'s Santpura resident Suman Preet Kaur are the group\'s Managing Director Gautam Bhalla, directors Anil Bhalla and Gaurav Bhalla and the company\'s sales and client service head Ankit Nagpal.
They have been booked under Sections 406 (breach of trust) and 420 (cheating) of the Indian Penal Code at the Sector 29 police station here.
Police officer Kanwar Singh said complainant Kaur had invested Rs 28 lakh in an assured return scheme pertaining to one of the Vatika Group projects on July 27, 2014, but the developer allegedly failed to deliver on the promises made and never returned her deposited amount.
The case was registered after an inquiry by the Economic Offences Wing of the police.
No one from the Vatika Group was available for comments on the matter.

http://realty.economictimes.indiatimes.com/news/regulatory/fir-against-vatika-group-md-three-others-on-fraud-cheating-charges/54205666

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jay shah 18th Jul

GURGAON: A case of cheating and fraud has been registered against real estate developer Vatika Group\'s managing director and three others, Gurgaon police said on Thursday.
Those booked on the basis of a complaint by Delhi\'s Santpura resident Suman Preet Kaur are the group\'s Managing Director Gautam Bhalla, directors Anil Bhalla and Gaurav Bhalla and the company\'s sales and client service head Ankit Nagpal.
They have been booked under Sections 406 (breach of trust) and 420 (cheating) of the Indian Penal Code at the Sector 29 police station here.
Police officer Kanwar Singh said complainant Kaur had invested Rs 28 lakh in an assured return scheme pertaining to one of the Vatika Group projects on July 27, 2014, but the developer allegedly failed to deliver on the promises made and never returned her deposited amount.
The case was registered after an inquiry by the Economic Offences Wing of the police.


http://economictimes.indiatimes.com/wealth/real-estate/fir-against-vatika-group-md-three-others-on-fraud-cheating-charges/articleshow/54194795.cms

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Vatika MD, directors booked for fraud

jay shah 18th Jul

The managing director (MD) and two directors of real state developer Vatika Group have been booked for cheating and fraud of Rs.1 crore, police said on Friday.
Managing director Gautam Bhalla, and the group\'s directors Anil Bhalla and Gaurav Bhalla have been booked under Sections 406 (breach of trust) and 420 (cheating) of the Indian Penal Code at Sector 29 police station here.
The case has been registered on the complaint of Rajkamal Bhatia of Delhi\'s Malviya Nagar.
Anil Bhalla and his sons Gautam and Gaurav, residents of Sultanpur\'s Hyde Park near Mehrauli, are accused of cheating and fraud of Rs.1 crore.
According to a senior police officer, complainant Bhatia deposited payment for a villa in December 2009 but the company failed to deliver it.
\"The accused company is not giving the villa booked in my name, and has also not refunded the money,\" Bhatia said in his complaint.
Sector 29 police station chief Ashok Kumar told IANS that a case has been registered after an inquiry conducted by the Economic Offences Wing of the police department.
\"Our investigation is on,\" the officer said.
Despite repeated efforts, no one from Vatika reposnded to IANS calls.

http://www.business-standard.com/article/news-ians/vatika-md-directors-booked-for-fraud-116050601168_1.html

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Prachi Sharma 2nd May

GURGAON: An FIR has been filed against the managing director and two directors of the city based real estate developer Vatika Group for cheating and fraud. The amount of the fraud is Rs. 1 crore.
The complaint has been filed with the police station sector 29 in Gurgaon on Friday under sections 406 and 420 of the Indian Penal Code. The complainant is a Delhi resident named Rajkamal Bhatia hailing from MalviyaNagar.
According to police officials, the company failed to deliver his Villa even after taking a deposit of Rs. one crore from the customer. \"We filed a case on the basis of the inquiry done by the economic offence wing and have registered a case in to the same. We have started the investigation and will be able to give further details only after that,\" said Ashok Kumar, SHO, police station sector 29, Gurgaon.
Vatika group is a Gurgaon based developer with multiple ongoing and completed projects in the city and outside and just like many other developers, the company has had its share of troubles with consumer complaints and grievances.
Earlier in 2015 January as well the developer was booked or developing a 101-acre residential township in sectors 88 and 88B in Gurgaon without obtaining a license for the project. According to the FIR, the company submitted forged documents and acquired the license (no. 94/2013) to build the residential complex on the land, 7.5 acres of which is owned by four farmers.
There has been no response from the developer on the development as yet.


http://timesofindia.indiatimes.com/city/gurgaon/FIR-filed-against-managing-director-of-Gurgaon-based-Vatika-Group/articleshow/52155523.cms

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