Q:
Please be aware before you think of burying your money at Aishwarya Grand Hill (AGH). If you visit the site personally, you would certainly be attracted due to its attractive location, close proximity t to Prestige / Brigade projects, Airport etc. You will certainly think of excellent scope for growth. If you look at the documentation, sites are registered & owners have received Khata certificates.... BUT, the underlying fact is - Aishwarya Grand Hill seems to have created some forged documents and CHEATED the site owners (public) by developing the said properties as residential sites. I personally own a site - registered in 2008 and I have Khata certificate, but this site is not a released site as there is a legal case pending against Aishwarya Grand Hill. I still don't know how AGH managed to get Khata. Like me, there are more than 40% owners, who have been cheated.
Please read following message carefully, which was published on common floor sometime back:
CAUTION FOR PUBLIC: It is to bring to the notice of the public at large, that the property bearing Sy.No.159 measuring 2 Acres 19 Guntas and Sy.No.160 measuring 40 Acres 30 Guntas situated at Mandur Village, Bidarahalli Hobli, Bangalore East Taluk, Bangalore, with respect to the partition of the above properties - some of the co-parceners of the joint family have filed the suit before the Civil Judge (Sr Dn) Bangalore Rural District at Bangalore in OS No.1619/2005 and in the above suit the interim order was granted for not alienating the above suit scheduled properties till the disposal of the above suit. Now it has come to the knowledge in the name and style as Aishwarya Homes (Grand Hills) by creating some forged documents having cheated the public by developing the said properties as residential sites. Hence we the parties to the above suits wanting to inform the public that in future the public cannot transact with the said properties in any manner.
AGH is planning to launch Phase 3. Be extra cautious. AGH will show you all the legal documents - but who knows if they are real or forged?
AGH Site owners have been struggling and trying hard for the past 2+ years to sort out the matter with AGH MD, but efforts have gone in vain so far. We, the site owners are having regular meetings at site on week-ends in the anticipation that we get back our hard earned money. We don't want you to suffer. So, please be careful before investing in AGH - whether it's phase 1 or 2 or 3....
While I booked the plot in 2007, AH had promised that the layout will be completed in two years with additional amenities including club house etc. I was asked to pay 40% of market cost while entering the agreement. Later as no development happening, at one stage I got fed-up and requested to return the money. AH was not willing to return money back even within a month's time frame. AH mentioned it will be returned in an indefinite time frame. As I had no choice, I had continued to get it registered. But, the development of the Phase 1 in the past 7 years is going very slowly. Whenever we visit AH office, they always gave excuses that on going rains did not allow, AH MD lost elections in 2009 so there are no funds etc. Surprisingly, whatever development they completed in Phase1, had significantly been demolished once in the past by a team, who might have connections with the pending case.
Now, AH MD is a TDP MLA in AP. But, we still see no difference in AH attitude to deliver.While I booked the plot in 2007, AH had promised that the layout will be completed in two years with additional amenities including club house etc. I was asked to pay 40% of market cost while entering the agreement. Later as no development happening, at one stage I got fed-up and requested to return the money. AH was not willing to return money back even within a month's time frame. AH mentioned it will be returned in an indefinite time frame. As I had no choice, I had continued to get it registered. But, the development of the Phase 1 in the past 7 years is going very slowly. Whenever we visit AH office, they always gave excuses that on going rains did not allow, AH MD lost elections in 2009 so there are no funds etc. Surprisingly, whatever development they completed in Phase1, had significantly been demolished once in the past by a team, who might have connections with the pending case.
Now, AH MD is a TDP MLA in AP. But, we still see no difference in AH attitude to deliver.
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