Fwd: Plot & Apartment Buyers Fear UK National, Builder Sumeet Kr Malhotra (SKM Refcon) in Sector 95 Gurgaon, May Flee With Crores Of Their Money

[UNIQUE REALTORS]

---------- Forwarded message ----------
From: Rakesh Singhla <balajipro...@yahoo.in>
Date: Sat, Jul 7, 2012 at 1:17 PM
Subject: Plot & Apartment Buyers Fear UK National, Builder Sumeet Kr Malhotra (SKM Refcon) in Sector 95 Gurgaon, May Flee With Crores Of Their Money
To: "ppp.l...@gmail.com" <ppp.l...@gmail.com>

 

 

 

The following story would be of interest to DXWay investors, as SKM has the Sector 95 project in proximity of the Dwarka Expressway, and there are many builders that are collecting money from the unsuspecting public without disclosing the risks involved. If you have trouble seeing the story or images please click here http://dwarkaexpressway.posterous.com/plot-apartment-buyers-fear-uk-national-builde and if you would like to be updated about the DXWay field survey and more stories like these please send an email to Qub...@gmail.com with DXWay in the subject.

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After an FIR (No 88 at the Kherki Daula Police Station) was registered in May 2012 against the builder SKM Refcon http://www.planetskm.com/ for selling plots in Sector 78 & 79 under the name Cambrian Island without any license, and more FIR's expected for selling apartments in Cambrian Forest (Sector 95, Gurgaon) again without any licence, buyers of the plots and apartments are apprehensive that the Chairman & Managing Director Sumeet Kr Malhotra, who is a UK citizen, may be preparing to flee with crores of their money.



The Executive Director, who is also the authorized signatory, and on whom the full force of the law for this illegal selling of plots and apartments may fall is Satya Khanna.


The company has used its website http://www.planetskm.com/ and the help of many Gurgaon brokers to ensnare gullible buyers, many even claiming falsely on their websites that the project Cambrian Forest is DTCP (Directorate Of Town & Country Planning ) approved. 

The FIR was filed for illegal selling of plots in May 2012, and has been widely reported in the newspapers.







The license was actually in Sector 95 in the name of Pal Infrastructure Pvt Ltd. The company accepted bookings under the name of Pal City Park, but then abandoned the project. In addition to not fully paying the landowner Mr Manmohan Gupta for the land (and who has reclaimed the land by roping it a few days ago), Pal infrastructure did not pay the EDC as mandated an in time and hence the the licence is no longer operative. An application for the renewal of the license of Pal is pending with the DTCP & Director General Mr TC Gupta has not yet made the call on renewing the license.

Here is the licence number (42 of 2008) issued in the name of Pal Infrastructure.



Here is the Environmental Clearance in the name of Pal Infrastructure.


And here is the website of Pal Infrastructure http://www.palgroup.in/pal_city_park/index.html still online and selling the project on the same land parcel that SKM Refcon has sold its Cambrian Forest project on. Interestingly, the Pal Infra website still claims that LIC and BHW Home finance are providing home loans for the project.

 


Despite the fact that there is no valid license for Sector 95's cambrian Forest, and despite the fact that the land does not belong to them, and despite the fact that the license was not in their name, SKM Refcon has gone ahead and collected money from the buyers. In fact they might have even sold over 450 2BHK apartments ... over 2 to 3 times that are actually possible in a land parcel of this size and according to the density norms. 

Here is a screen capture of the types of apartments that SKM Refcon is selling.


Estimates range that the scam is worth of Rs 300 crore, and already money in the range of Rs 30 to 40 crore Rs has already been collected from unsuspecting buyers as booking amounts and construction linked payment plan installments. Of course no construction has been done as neither is the land theirs and nor is there any license ....

UK Citizen Sumeet Kumar (Kr) Malhotra (who is now driving an Audi Q5 worth atleast Rs 50 lakhs)  and SKM Refcon have been able to raise over 30 to 40 crore from the buyers by the help of Indian Brokers - many of who are licensed by the Government of Haryana (a list of licensed property dealers may be found here http://www.gurgaon.gov.in/pdealer.htm) and their roles and responsibilities of the brokers are detailed under the  Haryana Regulation of Property. Dealers and Consultants Act; 2008 here http://revenueharyana.gov.in/html/acts_rules/stampbranch.pdf Misinforming the public is an offence under the Act



Some of the license holders are well known in the Gurgaon Property market & include

1. Unicon Real Estate
2. Balaji Property
3. JMD Property Management Services
4. Media Estate & 
5. Krishna Infratech
   
   

In addition to these broker others like Allcheckdeals.com, Proptiger.com, & Arindam Chaudhari's Planman Realty without a Haryana license but operating on a large scale are also part of this scam. Some even are claiming possession in 2013 - in just 1 year when even the construction has not yet begun !!!
















And here was the payment plan for a project that does not even exist.