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Have you purchased flat from builder southern investment (SI)

Q: For those who have opted to purchase flat from SI beware. Don't fall into the trap of this builder. Theie main intention is to cheat and not give possession to flat in time. All the projects are still pending. And they do not have any intention of completing. Those who have already invested are taken for a ride. SI is presently a sinking ship and capsize any time with all your hard earned money. The manager incharge trivandrum and his people are siphoning the money somewhere and are not completing any of their budding in the city. Those who have already invested in green hill height, Kempton manor and the upcoming projects beware fdo not get cheated. You better enquire with the other flat owners of this builder and you can know the real facts

Reply

Replies (26)
1
I was planning to buy an old flat of SI property ( Saraswathy Nilayam )in Kawdiar . Can any one pls tell if there is any problm .
Manu Manu


2
Reading all the comments on the forum. I had booked a flat on RIO-VISTA, ALUVA in Jan 2015
Itticheria Joshua


The date of delivery was April 2017! has anyone else booked here ... please contact Cherian 97034-82908
7th September 2017


I hope you are aware that Ajith Thomas Abraham the MD is in Poojappura Jail
JOHN, Apartment Resident 
7th September 2017


3
I booked a flat with Si in ekm Levantine heights. Paid over 80% and no work is being done at the project since 2016 May. They completed full 13 floor skeleton and took most of my money. Want to get in touch with people who have booked in the same project. Need to take legal route. Contact me on 00971559886975 WhatsApp. Thanks.
ajmal kader


4
SI MD Ajith Thomas got arrested today. Watch Asia net news.
JOHN


I saw the scroll.. but then it went missing! The whole matter has been hushed away conveniently I guess!
30th August 2017


search google ajit-thomas-owner-of-si-homes-arrested
JOHN, Apartment Resident 
31st August 2017


Hest Hill Village (near HMT): 24 three-bedroom villas (1611, 1820, & 2045 square feet plans) located on Kaipadamugal Road (off Seaport-Airport) in a ~1.10 acre plot.
Many have booked villas and apartments from SI and now they are duped.MD of Si Ajith Thomas was arrested on 31 August 2017.What will be the plight of those who booked the flats and Villas in different projects .Is there any group for Hest Hill Villa
sankaran,  Kochi
1st September 2017


We have booked a flat at Levantine Heights flat nr.5A at Cheranelloor Kaloor and paid the amount full.
as per the contract suppose to be handed over by 2016 year end but did not full fill the obligations and failed by SI. Now We wanted to know the status of handing over of our flat. Can the Management of Southern Investments at Kaloor assure us the handing over and kindly confirm us as soon as possible.
Await your reply.
George and Irene
flat nr. 5A at Levantine heights at cheranelloor, kerala.
dt.01.09.2017
1st September 2017


5
I am from Calicut and facing the same situation with Bedford Enclave project... If any particular owners group please let me know... my ph 88615 92626 and E-mail syam84ATgmail.com... Please do contact me
syam


Serach google ajit-thomas-owner-of-si-homes-arrested
JOHN, Apartment Resident 
31st August 2017


Plse file complaint WITH CONSUMER FORUM police AND MEET mayor sHRI RAVINDRAN AND SECY CORPORATION i AM ALSO A VICTIM OFsi project CALICUT, THERE ARE MANY IN rain TREE FOREST AND PROJECT AT NADAKKAV ALSO, what is Branch Head Fatima saying, where has io our money gone? Needs a CBI enquiry, meet, Press and TV jounalists also to high light the problems like in Noida buyers did against JP Greens
Col Ravindran Ramath, Apartment Resident 
4th September 2017


Dear Syam,
Can you please urgently contact me at jm1234@gmail.com or whatsapp +4369981453433. Thank you
JOHN, Apartment Resident 
25th March 2018


6
If you searching to buy a flat or apartment in Kottayam, you can approach Ponmankal Builders is a Best builder in Kottayam. They provide homes, flats, and apartments in Caritas, Kottayam. Their recent projects are Willow Brook Homes and Lee Heights.For more details contact PONMANKAL BUILDERS, Kottayam
Ponmankal


പുര കത്തുമ്പോൾ വാഴ വെട്ടല്ലേ സഹോദരാ . . . @ vasthu . ." #$#@!$%$#%"
Murali, Chennai
10th January 2017
JOHN, Apartment Resident 
23rd June 2017


7
I intend to purchase a flat at Fair mont Gardens Manapakkam Chennai . I was shoked to hear that there is no building permit for the particular block ie West Wood .While i have approached cmda for a copy, whether the builders can provide a copy if they have one
meenakshi sundaram


8
Hi everyone,
I am also in the same impossible situation along with my father and brother. We had booked 3flats of Empress place , SI BUILDERS thrissur. Construction work had stopped almost a year back citing lack of funds and still has not started. They say many NRI's have not been regular in their payments. Reading so many of your similar issues and complaints , i'm sure they have been doing this for quite a long time now. Is there anybody on this forum who has booked the same in thrissur? Todays newspaper says Tamil Nadu is bringing a law which says builder has to refund the whole amount if delay in construction. Hope this is extended and done in Kerala too. Pls contact us on ravgemini@gmail.com if on the same predicament and flat.
radhika ravi


You have to file a case Radhika. After having taken the money - the builders are happily roaming around. They are not courteous - honest or professional in handling the questions. Insted of coming out openly with honest answers - and meeting their clinets - and making a plan to settle the matter amicably - they have been saying lies - one after another - prcatically fooling investors. I am an NRI - having paid the full anount - and I know several other people who have piad in full. I have filed a case - and have received favourable ruling. I will - even if I have to spend double the investment - will pursue all legal avenues to bring justice - not just because of the delay - but fooling and misleading us.
Francis,  Kochi
30th January 2017


Francis, Did you file the case in consumer court?
JOHN, Apartment Resident 
31st January 2017


Same here,booked one flat in 2014.They have started this small project Empress place in 2012 and have completed less than 40% only till date.They dont seem to have any plans to complete it.nHve been told every time by their MD Mr Ajith Thomas Abraham,Director Itira Chandy and GM Jaimon that they will restart work asap and complete it.But speaking to them and waiting for results,learned that they have no plans to complete the work after taking our money but enjoy their life with it.Pls contact at nisanth_mn@yanoo.co.in
14th April 2017


Hi Radhika, am going thru similar situation as urs.
I booked a flat 2013 Aug n have paid almost 80% of amount as per their schedule. Kindly share ur no or what's up me on 00971590843042 to share our thoughts n take up the issue.
pr go,  
17th May 2017


Hi everyone,
Same situation still. Thrissur SI branch manager Jaimon has left the company.One Krishnakumar has replaced him. We met him in june and heard the same excuses and assurances-funds will come soon,will begin next week,next month,etc. One lot of cheats and thieves we have fallen for. Not yet filed any case John. Only because we are in Dubai and have no clue as to how we will appear in court everytime once we file a case. Francis u say you filed and got a favourable ruling. How did you manage to appear for the case personally? Do tell us what process you went through,how much time it took, and after a favourable ruling can we trust these people to still finish the construction work in the proper manner. One reason we have not yet filed, as I'm sure many of you will agree, is because of the long drawn out process,work will come to a standstill,and who knows when/if we will ever get it.
radhika ravi,  Thrissur
9th July 2017


SI MD Ajith Thomas got arrested today. Watch Asia net news.!!!!!
JOHN, Apartment Resident 
30th August 2017


SI MD Ajith Thomas got arrested today. Watch Asia net news.!
JOHN, Apartment Resident 
30th August 2017


search google. ajit-thomas-owner-of-si-homes-arrested
JOHN, Apartment Resident 
31st August 2017


Hest Hill Village (near HMT): 24 three-bedroom villas (1611, 1820, & 2045 square feet plans) located on Kaipadamugal Road (off Seaport-Airport) in a ~1.10 acre plot.
Many have booked villas and apartments from SI and now they are duped.MD of Si Ajith Thomas was arrested on 31 August 2017.What will be the plight of those who booked the flats and Villas
sankaran,  Kochi
1st September 2017


I have purchased an apartment in 2012 as well. I have been checking for similar customers since a long but couldnt get through anyone. When I heard about recent action against Ajit Abraham I would like to know if any one has been able to get in touch with SI Properties thrissur. I stay in Dubai and my email ID is manojek@gmail.com
3rd September 2017


9
Hi I am Sujith. Wanted to inquire if anyone has already invested in SI Homes Ferntree project Trivandrum for which the construction is underway at snails speed. The possession date committed and in doc was July 2016...The demonetisation done by our own PM could be the latest excuse in the delay...Request members to please share any status you have on this since this seems the only project under SI homes in Trivandrum after the split with SI Properties.Thanks.
sujith


That is not true. They have a few in TVM. I am one of the victim as I paid for their Green hill heights in TVM.
We have formed an association of 34 owners, but nothing works with these crooks. They got our money and their family members the Chandy's and their wives are living in luxury. Even the wives are not ashamed to live on robbed money.
JOHN, Apartment Resident 
13th January 2017


Hi Sujith, We have purchased a flat in Ferntree heights. Every time we go to see the work, there is nothing going on. He gave us date of Dec 2017 and now their website shows Nov 2018. Let us try to find out more owners of this property and think about the possibility of filing a case together.
Bindusar,  Trivandrum
2nd May 2017


Hi Sujith, Please give your number so that we can be in touch regarding this project. And let us try to find more owners for this property. The more we are, the stronger our case.
Bindusar,  Trivandrum
2nd May 2017


Hi...my number is 09167634056. There is no progress and they are simply wasting time and our money.
It seems as if only the poor watch man is answerable...As per them around only 10 flats are yet to sale....then where is the money...
sujith,  Trivandrum
3rd June 2017


Hi, Sujith. I have purchased an apartment in Ferntree Heights. SI state that the reasons for delay in construction are unforeseen circumstances and certain NRIs have defaulted payment. I had asked them to cancel the apartment and refund the amount due along with interest and compensation as per the Agreement, but they are not prepared to do so.

Danny Varghese, TRIVANDRUM.
Danny Varghese,  Trivandrum
4th August 2017


As per the Agreement, the completion and deliver date was July 2016. As per their recent revised schedule, it was May 2018. Bindusar says that it is now Nov 2018 as per their website. Bindusar, could you tell me where on the website you found it?
Danny Varghese,  Trivandrum
4th August 2017


SI MD Ajith Thomas got arrested today. Watch Asia net news.!!!!!
JOHN, Apartment Resident 
30th August 2017


Now that he is arrested, what happens next. Should we look to jointly file a case against him?
Danny Varghese,  Trivandrum
19th September 2017


Or, can we expect to get a favourable ruling for this project as well and get our money back or construction completed. What do you all think?
Danny Varghese,  Trivandrum
19th September 2017


Heard that he has been released from jail...
Danny Varghese,  Trivandrum
20th September 2017


Hi Sujith, we booked a Trichur project.reaching nowhere now. we heard owners in Tvm had a discussion with SI, following which you all filed cases and MD Ajith Abraham was arrested and released.Now they have reached a decision with you all to complete your projects soon I heard. Is this true? Radhika Ravi, Empress place, Trichur.
radhika ravi,  Thrissur
24th October 2017


10
Hi All,

I have booked an apartment in Calden Heights. The work has been delayed by 5-6 yrs now and for past 8-9 months there is no work happening at the site. Is there anybody who has booked in the same project so that we can collectively do something. If yes, please contact +971-56-6065105.
Joby


It is the same. I visited them last month. No work in progress and keep telling that they are waiting for funds. I requested them to arrange a meeting with their MD and develop a plan to complete. no communication from the so far. I doubt any one will provide fund for them due to the present condition. They require 3.5 crore to complete calden height. I think we need to assemble together and jointly have a meeting with their director level personnel and make a plan to complete the project.
Binu,  Kochi
7th June 2016


Studio apartment Near Thrissur Medical College @ 9.9 Lakh
13th September 2016


Hi Joby / Binu, have you initiated any action in this regard? I am also a customer for Calden Heights.
Anish Jacob,  Kochi
14th September 2016


Hello Anish Jacob,

Can you share your contact details so that I shall get back asap. Alternatively, you may call me in my contact no. 00971-56-6065105.
Joby,  Kochi
20th September 2016


പുര കത്തുമ്പോൾ വാഴ വെട്ടല്ലേ സഹോദരാ . . . @ vasthu . ." #$#@!$%$#%"
Murali,  Chennai
10th January 2017


Hi Joby/Binu/Anish,

Even i am also in the same condition with regards to Calden heights. They keep on postponing the project due to silly reasons. Now its high time to react collectively otherwise it is going to be a never ending story. Please do share your contact details to 9946224434
Abin ,  Kochi
13th January 2017


Hello Abin,

I have been trying to reach you.

We the investors of Calden Heights have formed a group. You may contact me or Binu.
Joby,  Kochi
23rd January 2017


SI MD Ajith Thomas got arrested today. Watch Asia net news.!!!!!
JOHN, Apartment Resident 
30th August 2017


11
Do anybody know the Owners who has booked Laurel Park apartments in Trivandrum. Now the project has passed 6 years but still not complete. I was just thinking for collectively taking action against them against the delay and get is completed. Even resale of the flat has become difficult because of this delay. My mob no is 9446130115

SANIL kUMAR, TRIVANDRUM
Sanil Kumar


Studio apartment Near Thrissur Medical College @ 9.9 Lakh
13th September 2016


Hi Sanil,I have myself booked an appartment at same Laurel Park too and waiting for possession...Any other owners been contacted?

Anoop Thomas
Anoop,  Trivandrum
29th December 2016


പുര കത്തുമ്പോൾ വാഴ വെട്ടല്ലേ സഹോദരാ . . . @ vasthu . ." #$#@!$%$#%"
Murali,  Chennai
10th January 2017


12
Anyone from SI Robin Hill Kakkanad here ? We booked an apt and its now 4th yr they changing date to next yr. Sounds like santa forgetting gift , so we got to wait another year. Looking forward to find other unfortunate customers who booked in same project. BobbyMana@gmail.com or 9995497555
Dr Susamma John


They have no plans to deliver. the one year will be extended for another year and so on. The story is the same in all cities. Hope the new bill approved by the cabinet will help us.
JOHN, Apartment Resident 
11th December 2015


Hi - I have paid in full for 2 apartments with SI Robin Hill and just like many others - faced with the terrible delay! Never expected this from Si as I thought these guys were one of the reputed players. I am proceeding with a legal case against them - anyone keen to join - do let me know. I met all their demands and they have fooled me. Irrespective of the legal expenses I might incur, I will bring them to justice. My email ID is fjdubai@gmail.com or mobile: +971553463556.
1st March 2016


Hi This is Susamma's son Bobby here . Looks like we better make a group and somehow sort out this issue. Hope all received recent mail from SI about foreign investment on a sinking SHIP lol. I am in w.app in +919995497555
10th April 2016


http://timesofindia.indiatimes.com/Sink-or-die-you-must-refund-homebuyers-Supreme-Court-to-builders/articleshow/54039754.cms?utm_source=facebook.com&utm_medium=referral&utm_campaign=TOI
7th September 2016


As another customer for Robin Hill, would like to know if it would be effective to approach consumer protection agancy against this ongoing delay - almost 7 years ?
Radhakrishnan
Radhakrishnan,  Kochi
15th January 2017


We have started a w.app group for SI ROBINHILL owners Only. Pls, join if u one of them since we planning to go ahead with legal action etc since we can't TRUST them anymore although they use it a lot in their ring tones. 8 A Bobby 9995497555 (Pls msg)
9th April 2017


SI MD Ajith Thomas got arrested today. Watch Asia net news.!!!!!
JOHN, Apartment Resident 
30th August 2017


13
I have purchased a flat from SI homes (madison point, maradu). The completion was extended 4 times and now the work has been stopped. Please contact if anybody purchased flat there.
Shibu George, shibukaippanattu@gmail.com
Mathews George


SI MD Ajith Thomas got arrested today. Watch Asia net news
JOHN, Apartment Resident 
30th August 2017


14
Good forum.
For Flats in Trivandrum log on to : http://www.assethomes.in/
George


Studio apartment Near Thrissur Medical College @ 9.9 Lakh
13th September 2016


പുര കത്തുമ്പോൾ വാഴ വെട്ടല്ലേ സഹോദരാ . . . @ vasthu . ." #$#@!$%$#%"
Murali,  Chennai
10th January 2017


15
Very goof forum.
For more info log on to : [url=http://www.assethomes.in/]Flats in Trivandrum[/url]
cyril george


Studio apartment Near Thrissur Medical College @ 9.9 Lakh
13th September 2016


16
Hi, my name is Srikanth. I'm facing the same situation with these SOUTHERN INVESTMENTS (SI Builders). Project Name - Tranquil Meadows, Place - Chennai. Can you please share your contact details and provide me directions on how to join this group and interact with other home owners who face this same situation? Thanks.
Srikanth Mathivanan


hi srikanth
when did you book your flat. in case of non delivery in the said time you have all right to claim for the rental compensation bss the prevailing rate. else within 2 from the date of said delivery you can file for compensation in the consumer court. you may give notice immediately to the builders and keeps record of all the correspondence. I had did the same as well we had highlighted our issue in the media, we got coverage from 2 Malayalam channel as well as print media. after which something worked out for us. suggest you contact the other apartment owners who are facing the same situation discuss and give notice to the builders. As individual apartment owner you can claim for compensation in case the builders have defaulted in delivery .
sajin, Apartment Resident, Trivandrum
14th August 2015


17
I am a retired army person in one of their other project at Trivandrum. Even that also had some delay. But they had compensated me for the delayed period. In fact after it was handed over to me and started staying there I am very happy of my flat in its quality, design and its usefulness. My flat today is double the value.
Later on I happened to understand the real reason for the delay. Most of the NRIs had defaulted their payments due to their job constraints but were not willing to give off the allotment due to the attractive price. Now as they have become my neighbours I know that this was the fact. I was also told that longer the delay the cost goes up. So delay means higher appreciation of your capital. In fact they used to intimate me the delays and it did not come as a sudden bolt.
George


Thanks George for the comment. However they have changed the completion date thrice already and the construction currently is at a standstill. At this age I wish I could wait until they finish!!!
JOHN, Apartment Resident 
8th December 2014


Hi George,
I was interested in this project. So as per my recent inquiry, i got to know that , all flats are booked in this project. But construction work is still going on. It is expected that in end of year 2016 ,project will complete.
16th January 2015


Hi Lekshmi,
It seems that you keep this forum very much alive. You mentioned below that you were interested in project green hill heights in Trivandrum and found everything is sold out. Do you want to buy one?
JOHN, Apartment Resident 
2nd February 2015


George and Lekshmi,
Are you still working with the fraud Company SI or found another job?
JOHN, Apartment Resident 
13th August 2015


George, Do you still have that rifle from the Army. You may need it one day to shoot your employer the SI
JOHN, Apartment Resident 
13th August 2015


Dear Mr. George
Do you really hold a flat which I doubt if so you wouldn't be speaking in this terms after facing hardship. how do you know that people have defaulted payment and builders have delayed due to default of payment. fyi, no builder will accept to give possession in case of default and they have clause to claim in case of default. In most case all the owners have paid in advance to the builder and builder failed to raise a single wall. NRI's being away do not know the exact situation and are easily taken for ride. please make it clear which is the project? when did you book the flat ? as per agreement when was possession confirmed to you and when did you get possession of the flat? were you compensated as per the prevailing rate? the tone of yours in fully in line with the builders. please prove that the NRI's have defaulted in payment due to which the builders have defaulted in timely completion of the project. does this apply to all the projects of SI in Trivandrum..
sajin, Apartment Resident, Trivandrum
14th August 2015


Mr. George . . . . seems you are a kind of paid reporter . . .:-) LOL
Murali,  Chennai
10th January 2017


@John . .. Good answer to George and Lekshmi.. don't think they will comment further .. .
Murali,  Chennai
10th January 2017


SI MD Ajith Thomas got arrested today. Watch Asia net news
JOHN, Apartment Resident 
30th August 2017


18
Is there anybody here who paid for Green hill heights apartments? Please can you contact me on jm1234@gmail.com?
JOHN


Dear John
try to contact the other residents and also bring it to the notice of media.. we did the same Manorama news did cover the story. if any thing u would like us to contribute against this builder we too can share the hardship that we faced with this builder. we had to fight a lot to get possession of our flat. The work of our apartments still going. if we did not take up the matter strongly we doubt if they would have done anything even now. and we would still have been without a house..
sajin, Apartment Resident, Trivandrum
3rd December 2014


Hi Sajin, my name is Srikanth. I'm facing the same situation with these SOUTHERN INVESTMENTS (SI Builders). Project Name - Tranquil Meadows, Place - Chennai. Can you please share your contact details and provide me directions on how to join this group and interact with other home owners who face this same situation? Thanks.
22nd July 2015


19
Hi all,
When i contact them and ask for the possession they told me that they are giving in Feb'2016. I don't know whether they are saying is correct or not. We people can wait only. Even the current price is Rs.4000/sq-ft all exclusive.
Ravi Kumar


Hi Ravi,
You are absolutely right. But as far as area is concerned it is one of the most comfortable areas in Trivandrum, Peroorkada has some great Apartment and Villa for sale. Properties in Peroorkada offer 2 BHK, 3 BHK and 4 BHK options with built up area ranging between 1,175 sq ft to 2,315 sq ft. The average price of Apartment for sale in Peroorkada is 3,000/sq ft.
Priya Sharma,  Chennai
30th July 2014


Dear Ravi Kumar,
If you have paid for the apartments in Green Hill Heights in Trivandrum, can you contact me on jm1234@gmail.com thanks
John
JOHN, Apartment Resident 
6th January 2015


Dear Priya,
If you have paid for the Green hill heights apartments could you please contact me on jm1234@gmail.com?
Thanks john
JOHN, Apartment Resident 
6th January 2015


Studio apartment Near Thrissur Medical College @ 9.9 Lakh
13th September 2016


Studio apartment Near Thrissur Medical College @ 9.9 Lakh
13th September 2016


പുര കത്തുമ്പോൾ വാഴ വെട്ടല്ലേ സഹോദരാ . . . @ vasthu . ." #$#@!$%$#%"
Murali,  Chennai
10th January 2017


SI MD Ajith Thomas got arrested today. Watch Asia net news.!!!!!
JOHN, Apartment Resident 
30th August 2017


20
Dear All,
I have purchased a flat from SI . The project is West Fort Garden in Pettah Tripunithara Ernakulam. It is now 7 yrs and still Project not complete. I was fooled by tall claims of their Reputation , the reality is different

THOMAS JOHN
6D Westfort garden..
Thomas


Dear thomas its high time you collectively take some action else they will take you for a ride. we have been facing similar problem its been more than 10 yrs and still the project is not complete this the similar fate of other projects in Trivandrum. now they have done something since we brought up the issue in media such as manorama news and kairali channel as well as print media mangalam.
sajin, Apartment Resident, Trivandrum
16th July 2014


Hi,
Firstly you should consult a good legal adviser and you can ask the builder for compensation on delay in possession
Srinivas ,  Chennai
21st July 2014


hi
I have also purchased a flat at West Fort Gardens Pettah tripunithura. I was promised delivery in sept 2011. project still not complete. Is there a forum where the owners of this project can interact with each other.?
Mr Thomas John ,Please contact me at 9446573477.

Dr Koshy ,Ernakulam
Koshy,  Kochi
15th April 2015


Hi Thomas, my name is Srikanth. I'm facing the same situation with these SOUTHERN INVESTMENTS (SI Builders). Project Name - Tranquil Meadows, Place - Chennai. Can you please share your contact details and provide me directions on how to join this group and interact with other home owners who face this same situation? Thanks.
22nd July 2015


Mr. Thomas I am Geetha Pradeep and we have booked 6F. same story here. We booked in 2009 and have been waiting all these years!!! Was wondering if we can collectively go for a case against them! We have done it once against another builder and they had to come with a feasible solution to sort it out.. Am interested in going ahead with a case, but I don't have the contacts.. is anyone else interested?
5th April 2016


Hi I too have booked in Westfort #3 A.
Its been a harrowing experience. The builder have go bad on every single claim of theirs. The lowest delay compensation and highly arrogant attitude. Most of the payments also done as i was not in Kerala and when ever the demand was raised i duely paid only to know that the work was not moving at all.Every time i attempt to meet them they give sob story of 2008 slow down... as if they are only ones effected. I like the idea of forming a group and taking it leagally with the builder. As they think we can be taken for granted. I can form a Whats app group ... please share your numbers and i will keep adding. For now will restrict it to effected Westfort. My number 9445201605. Regards Mahesh
Mahesh KS, Apartment Resident 
15th June 2016


Studio apartment Near Thrissur Medical College @ 9.9 Lakh
13th September 2016


SI MD Ajith Thomas got arrested today. Watch Asia net news.!!!!!
JOHN, Apartment Resident 
30th August 2017


THIRUVANTHAPURAM: The City Police on Thursday arrested the managing director of a prominent Chennai-based builders group on charges of cheating huge amounts of money from investors.

Ajith Thomas Abraham, 52, of Chennai is the accused. He is the managing director of Southern Investments Private Limited, which constructs and sells apartment complexes and villas under the brand name Si Homes.

The police said that Abraham was arrested for allegedly cheating over Rs 13 crore from as many as 33 persons in promise of selling apartments in one of their projects, Green Hill Heights that was under construction at Kudappanakkunnu near Peroorkada.

The complainants alleged that they paid over 90% of the price of the apartments in advance in the year 2010 when the works of the project started. It was promised that the finished apartments will be handed over to the investors within three years. But, this promise was never kept.

Read ET reality of 1 Sept 2017.
sankaran,  Kochi
1st September 2017


21
Sajin, Other unfortunate owners of Southern Investments embassy homes and Glen Valley. Myself and my Friend are stuck with this builder for the last 6 years and nothing has really moved.
Arun


22
Dear Friends
thanks very much for the valueable information and the advise. we are also looking into the legal aspect. If you recall the case of Apple properties in south india. they had advertised in big way in the media and even were sponsorer's of mega reality shows finally many people lost their hard earned money. SI claim to be the very oldest player in real estate but now all their projects in kerala has gone haywire reasons unknown. Each project has exceeded 10 yrs and yet remains incomplete. Its better to study each builders before you can opt to take a flat.
sajin


23
Hello everybody..nowdays every buyer is facing problem of possession of flat because of project getting delayed. A buyer should always make a check of documents before buying an under construction apartment. Click How to Handle Delays in Project Completion to see more details.
Himani


24
Hello Sajin..you can ask for compensation from builder in case of delays. Often, builders have an agreement clause that assures buyers a daily damage for delayed possession, but few buyers, if any, invoke it. Click Compensation in Delay of Possession of your Apartment to see more delays.
Varun


25
Thank You Sajin for sharing your feedback. Such forum are very good mediators to expose the builders. Your feedback will help many buyers to take their decision.
Sujan Mitra


dear sujan,
felt its our duty to bring to notice of the public so that other will not undergo such situation. Anyway media like manorama, Kairali and mangalam news paper have already given us a coverage of covered our plight. you can check nattuvartha in manaorama news dated 07/04/2013. the same available online tooo.. so those who are opting for flats please double check before finalizing.
sajin, Apartment Resident, Trivandrum
8th April 2013


26
Hi Sajin..are you an owner of Green Hill Heights..?? Have you talked to the other owners of the Green Hill Heights. You can join the Owners group of Green Hill Heights and discuss the same with others owners.
Aneek Das


dear Aneek,
i am an unfortunate owner of SI's other project Glen Valley. we have been suffering a lot with this Builders. this project has been dragging for more than 10 yrs now and still many flats are yet to be completed and added to that we are still waiting for permanent electricity water connection etc. there is a long list.... if you want to know more you are most welcome to glen valley situated at mudavanmugal you can know the real facts.. there has been much more bad experience with some of the completed projects in the city and we have already contacted few. if you too facing such situation we can start a common forum.
sajin, Apartment Resident, Trivandrum
8th April 2013


Dear Aneek, If you have paid for Green Hill Heights please contact the other members of the group.
Please send me a mail on jm1234@gmail.com
JOHN, Apartment Resident 
6th May 2015


Hi Aneek and Sajin, my name is Srikanth (90030 80097). I'm facing the same situation with these SOUTHERN INVESTMENTS (SI Builders). Project Name - Tranquil Meadows, Place - Chennai. Can you please share your contact details and provide me directions on how to join this group and interact with other home owners who face this same situation? Thanks.
22nd July 2015


THIRUVANTHAPURAM: The City Police on Thursday arrested the managing director of a prominent Chennai-based builders group on charges of cheating huge amounts of money from investors.

Ajith Thomas Abraham, 52, of Chennai is the accused. He is the managing director of Southern Investments Private Limited, which constructs and sells apartment complexes and villas under the brand name Si Homes.

The police said that Abraham was arrested for allegedly cheating over Rs 13 crore from as many as 33 persons in promise of selling apartments in one of their projects, Green Hill Heights t
sankaran,  Kochi
1st September 2017


Please read the article written by Dr Vivek Kaul.
https://www.equitymaster.com/?utm_source=VKD&utm_medium=mail&utm_campaign=e-letter&utm_content=home
sankaran,  Kochi
11th September 2017


27

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