u/DreamWalker929

I have shared my overall experience in this project and this post is meant to bring out the reality of what's happening in the project. I hope this post reaches other individual investors who got trapped in this project like me.

Back in 2019 I have invested in a high rise gated project in Kollur as a landowner. They offered a 3bhk, 1860 sqft flat for the price ~25 Lakhs OTP. The location seems perfect it was right next to exit 2. The promises seemed genuine and they were supposed to deliver the flats by 2025.

Just like me there are 1800+ landowners who have invested in this project.

But after land registration and DAGPA which happened in early 2020, the builder troubles started. He didn't go for approvals and stated some XYZ reasons every single time and delayed the project a lot till 2024 i.e. nearly 4 years.

December 2024 they received the HMDA approval and though it's been more than a year since they received the approval the company has still not paid the hmda fees of 60 Crores saying lack of funds. and there is no builder taking over the project as the landowner share is very huge.

The landowners formed an association and made a core team among themselves to get things moving. They tried a lot by forcing the builder Umakant (Director of Anuktha Avenues) to pay the HMDA fee but he is paying at a snail's speed 1 crore at a time. But till now I think he hardly paid 10cr.

6+ years have passed but even a small hole is also not dug up in the venture.

The core team always told the other investors during the meeting not to speak loudly with Anuktha people whenever we meet or not to report this to the media or not to take any legal actions. their reasons were that it will create a lot of negative noise about the project. I have always wondered why they are asking everyone to not raise our concerns. Thanks to my colleague with whom I had shared about this venture, he immediately got in a contact through his circle and found the truth. The core team from the association is being bribed by the Builder. They have been getting gifts and they also received one free car parking each in the venture for keeping Umakant out of troubles from other landowners.

After hearing all this I seriously wanted to exit this project and approached the builder that I want to sell my landowner share flat and after a few weeks he found a buyer and I exited from the project. I got 60 lakhs for the unit. Which is very less compared to the market value but I didn't want to get even more stressed out.

I hope this post reaches other investors like me and they get to know the harsh reality of this project and the core team whom we have trusted.

I have shared my overall experience in this project and this post is meant to bring out the reality of what's happening in the project. I hope this post reaches other individual investors who got trapped in this project like me.

Back in 2019 I have invested in a high rise gated project in Kollur as a landowner. They offered a 3bhk, 1860 sqft flat for ~25 Lakhs OTP. The location seems perfect it was right next to exit 2. The promises seemed genuine and they were supposed to deliver the flats by 2025.

Just like me there are 1800+ landowners who have invested in this project.

But after land registration and DAGPA which happened in early 2020, the builder troubles started. He didn't go for approvals and stated some XYZ reasons every single time and delayed the project a lot till 2024 i.e. nearly 4 years.

December 2024 they received the HMDA approval and though it's been more than a year since they received the approval the company has still not paid the hmda fees of 60 Crores saying lack of funds. and there is no builder taking over the project as the landowner share is very huge.

The landowners formed an association and made a core team among themselves to get things moving. They tried a lot by forcing the builder Umakant (Director of Anuktha Avenues) to pay the HMDA fee but he is paying at a snail's speed 1 crore at a time. But till now I think he hardly paid 10cr.

6+ years have passed but even a small hole is also not dug up in the venture.

The core team always told the other investors during the meeting not to speak loudly with Anuktha people whenever we meet or not to report this to the media or not to take any legal actions. their reasons were that it will create a lot of negative noise about the project. I have always wondered why they are asking everyone to not raise our concerns. Thanks to my colleague with whom I had shared about this venture, he immediately got in a contact through his circle and found the truth. The core team from the association is being bribed by the Builder. They have been getting gifts and they also received one free car parking each in the venture for keeping Umakant out of troubles from other landowners.

After hearing all this I seriously wanted to exit this project and approached the builder that I want to sell my landowner share flat and after a few weeks he found a buyer and I exited from the project. I got 60 lakhs for the unit. Which is very less compared to the market value but I didn't want to get even more stressed out.

I hope this post reaches other investors like me and they get to know the harsh reality of this project and the core team whom we have trusted.

I have shared my overall experience in this project and this post is meant to bring out the reality of what's happening in the project. I hope this post reaches other individual investors who got trapped in this project like me.

Back in 2019 I have invested in a high rise gated project in Kollur as a landowner. They offered a 3bhk, 1860 sqft flat for ~25 Lakhs OTP. The location seems perfect it was right next to exit 2. The promises seemed genuine and they were supposed to deliver the flats by 2025.

Just like me there are 1800+ landowners who have invested in this project.

But after land registration and DAGPA which happened in early 2020, the builder troubles started. He didn't go for approvals and stated some XYZ reasons every single time and delayed the project a lot till 2024 i.e. nearly 4 years.

December 2024 they received the HMDA approval and though it's been more than a year since they received the approval the company has still not paid the hmda fees of 60 Crores saying lack of funds. and there is no builder taking over the project as the landowner share is very huge.

The landowners formed an association and made a core team among themselves to get things moving. They tried a lot by forcing the builder Umakant (Director of Anuktha Avenues) to pay the HMDA fee but he is paying at a snail's speed 1 crore at a time. But till now I think he hardly paid 10cr.

6+ years have passed but even a small hole is also not dug up in the venture.

The core team always told the other investors during the meeting not to speak loudly with Anuktha people whenever we meet or not to report this to the media or not to take any legal actions. their reasons were that it will create a lot of negative noise about the project. I have always wondered why they are asking everyone to not raise our concerns. Thanks to my colleague with whom I had shared about this venture, he immediately got in a contact through his circle and found the truth. The core team from the association is being bribed by the Builder. They have been getting gifts and they also received one free car parking each in the venture for keeping Umakant out of troubles from other landowners.

After hearing all this I seriously wanted to exit this project and approached the builder that I want to sell my landowner share flat and after a few weeks he found a buyer and I exited from the project. I got 60 lakhs for the unit. Which is very less compared to the market value but I didn't want to get even more stressed out.

I hope this post reaches other investors like me and they get to know the harsh reality of this project and the core team whom we have trusted.