Whom to pay?

Q: I am asked to pay the booking amount or Malaga Project to M/S Yashna Properties Pvt. Ltd. ( not Groupco or Groupco Yash as advertised). Mr. Hem , MD-Groupc explained that this new company is opened as special vehicle for managing Malaga project.
Please advise.

Jayanta, Kolkata

9th December 2013

Buying property in Groupco Malaga, Panvel, Navi Mumbai

booked a flat

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Replies (3)

Dears, Malaga project is delayed for more than 3 years now and i am seeking refund for the builder but instead of paying me back they are just giving me payments date from last 8 months... Please advise!

Shravan Varma,

18th August 2017

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Hi Jayanta, Malaga seems a good option. Yashna Properties is a separate entity and they develop projects as well.
At what rate did you book a flat at Malaga?

Kunal, Mumbai

6th March 2014

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Hi Kunal and Vineet,
I agree with you . Actually Malaga is one of the projects which is owned and maintained by M/s Yashna Properties Pvt Ltd, which in turn is managed by Groupco Group of Companies.

Ravi Waghmare, Mumbai

10th March 2014

Hey Jayanta, Some time what happen is that in some of the companies they outsources most of its work to other companies.Hence the booking amount have to be paid to o M/S Yashna Properties Pvt. Ltd on behalf Groupco or Groupco Yash. It is better if you can contact the other owners who have booked n apartment in this project.

Vineet Tendulkar, Mumbai

10th December 2013

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