Who is Nayan Bheda Neptune Group? What is the controversy he is embroiled in? Find out the answers in this detailed review:
You can help us put a stop to online scams before they grow too big and end-up ruining thousands of lives. A scam is a scam, doesn’t matter if it’s big or small. Now that this is out of the way, let’s get started with the review.
About Nayan Bheda Neptune Group
Neptune Group was formed more than a decade ago by Nayan Bheda, Sachin Deshmukh, Nayan Shah, Mahesh Shetty, Chetan Bheda, & Animesh Dharamsi, a team of first-generation Businessmen. It maintains an unrelenting dedication to excellence, reducing expenses, plus timely completion by vigilantly tracking every endeavor with a committed key staff.
Nayan Bheda Neptune Group has grown significantly, allowing it to construct cutting-edge business, residential, retail, including entertainment facilities around the nation, as well as a fully integrated township and an Information Technology Center. Nayan Bheda Neptune Group has created one of India’s largest malls, Neptune Magnet Mall, as well as Mumbai’s largest IT Park, Neptune Element.
It accomplished its goal and is currently completing over ten million, with approximately 20 million sqft of upcoming projects distributed across the city of Hyderabad, Kochi, Nagpur, Mumbai, & Pune.
100s of People Claim Their Dream Homes Were Never Built – The Lawsuit Against Nayan Bheda Neptune Group
A lawsuit of deception and illegal violation of faith has been launched concerning Neptune Group’s founder after buyers claimed those residences expected to be turned over in 2012 were never completed.
The Thane Rural Police Station has contacted more than 100 people, claiming that an established construction company, such as the Nayan Bheda Neptune Group, has not delivered the rental units provided a year ago at its affordable apartment convey in Ambivil near Kalyan.
A complaint about lying as well as an unlawful violation of faith has participated against the organization’s founders, Nayan Bheda along with Sachin Deshmukh.
Although more than one hundred individuals have so far contacted police, reports say that over 500 purchasers will be impacted because building on a portion of the building has been halted until the year 2009, after the Neptune Swarajya initiative was announced.
The project offers around 3000 homes ranging between Rs 1500 and Rs 1,800 per sqft, via ownership expected in 2012.
The homes are nowhere to be found, and development on our stage has started,” one of the prospective buyers stated, saying that the police charges were lodged on Thursday afternoon.
Sushilkumar Mishra, a 41year old small-time entrepreneur who makes roughly 15,000 rupees a monthly period, is one of the complainants. Mishra stated that he had reserved a two-bedroom flat for a price of eight lacks.
He then stated that he has been sleeping in a rental residence in Kalyan for the past four years. I utilized visiting the construction location regularly to see whether the work had begun or not. Since it is clear that the contractor is refusing to hand back the homes, we were left without no choice but to approach the police, said Mishra who collected the reservation fee of about 90,000 in 2010.
The city government was formally accused by the Nayan Bheda Neptune Group of the “delay” on part of the construction, and the balance of the flats is scheduled to be finished over to customers in November.
Bharat Chauhan, the company’s marketing in-charge, stated that over 2,800 apartments will be given over to customers beginning in November of this year. The endeavor would have been finished much sooner if development had not been halted due to a shortage of civic approvals.
The group published an advertisement claiming it had not rescinded one booking and had, in reality, offered customers a full reimbursement together with interest fees if they were interested in canceling the arrangements.
Schemes for Affordable Housing are in Disarray
Several initiatives delivering so-called cheap housing are in a state of uneasy uncertainty. More than 12 of these initiatives throughout Boisar, Palghar, Shahpur, Vasind, Ambivli, & Karjat were either blocked in the five years before this one.
The first projects to be abandoned were those offered by an established builder in Vasind & another firm in Karjat. The Vsind builder repaid the funds invested with fascination, whereas more than 1,000 participants in the Karjat development are still fighting for their money over a seven-year period following the purchase sums were paid.
According to industry analysts, a lot of builders took on inexpensive housing developments during a dip in the urban housing market, not recognizing that the margins of profit in these kinds of developments are thin.
Get Justice Suspicious
Beware of Nayan Bheda Neptune Group
It’s obvious that Nayan Bheda Neptune Group is not as reliable as he claims to be. Beware of him and his real estate ventures.
If you know anything about him or have some sensitive information to share, feel free to contact us or comment down below.
You can also report him to your local authorities.