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Home > Forum > Coimbatore > Real estate News > Issue related to Sahara City Homes developers

Issue related to Sahara City Homes developers

Q: Hello. I heard about the issue sorrounding Sahara City Homes in Saravanampatti. What exactly happened here?

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Replies (5)
1
Hello. Regional manager of Sahara Group was luckily available for comment and has said that he will meet with all the investors on March 20 and with definitely go through a course of action with them from that moment on. Also he has mentioned that Sahara Group is not into cheating its customers which is hard to believe.
Manikandan Swami


2
Many NRIs and localites had also invested with hopes to own a house and stay in the city. One of the investors has said that they had invested 1.07 crore while another had put in about 70 lakhs. But now their money is gone and so has the promise of a house.
Abhishek Iyer


3
A total of 700 people had paid percentage of the cash. Several of the investors have complained that this project was stopped way back in 2010 and has been in thr same state ever since as there has been no progress for various reasons.
Nandita Menon


4
This project took off way back in 2003 and booking process started some time in 2008. And the prospective residents then paid close to 80 % to 90 % of the total amount with anticipation of getting their dream homes. But now feel cheated because, it hasn't been done.
Shruthi Kishore


5
So recently, more than a hundered investors gathered in a group to protest against the Sahara City Homes in Saravanampatti because the deveopers of the project which is the Sahara Group. The scene here is the project was supposed to be done in 2011 but its been four year since and nothing has been done yet.
Archana Ramachandran


6

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