Bhushan Saraf, the sales manager of A G Constructions' Gracia at Kharadi, ran away with Rs. 2.5 cores - 20 per cent agreement value paid by some 15 IT Professionals!
|Bhushan Saraf, absconding sales manager of A G Constructions' Gracia at Kharadi|
Unusual crime in east Pune real estate market:
East Pune real estate market is famous for property frauds.
Pre launch offers is the most popular way of robbing naive IT engineers.
Second popular way of duping first time young home buyers working in Kharadi & Kalyani Nagar is selling flats in Wagholi - which are not suitable to live for urban human beings on this planet.
Third popular scam in east Pune is launching affordable housing with - O per cent interest or 100 per cent interest free - schemes for economically & as well as intellectually weaker section of the population.
Fourth popular way of looting the property buyers is launching luxurious high end housing projects in and around Kharadi - and stalling the construction & abandoning the project after the flat buyers have paid 85 - 90 per cent of the property price.
Do you notice?
I haven't mentioned the names of the projects.
You know why?
Because, this blog is about whodunit - real estate criminal mystery - unusual criminal case in east Pune real estate market - the case of A G Constructions' Gracia at Kharadi.
I am only going to give a clue.
You have to solve the mystery.
Real estate is a criminal enterprise:
|The case of A G Constructions' Gracia at Kharadi - whodunit mystery|
Investors love real estate because they know that behind every great financial success there is a crime. And real estate is a complete criminal enterprise. So, investors assume, financial success is assured.
Whereas, to avoid being cheated by the builders - the smart home buyers - avoid booking in under construction projects. They go for ready to move in flats. Like these 15 guys who purchased ready possession flats in A G Constructions' Gracia at Kharadi.
Between October and December 2015, they paid 20 per cent of the agreement value to Bhushan Saraf - the sales cum project manager of Gracia.
But around mid January 2016, these guys came to know that Bhushan Saraf has absconded with their 20 per cent own contribution - nearly Rs. 2.5 crores paid by them and the builder has registered an FIR against him.
In his FIR the builder of Gracia Kharadi claimed that Bhushan Saraf was not an employee but the broker. Gracia at Kharadi was sold out. No flats were available for sale in Gracia.
The builder of Gracia claimed that Bhushan had collected money by selling the flats which were not available for sale - which were already sold.
Not only that!
Instead of taking the cheques on Gaikwad Tupe Associates - the legal name of the developer of the project - Bhushan took the cheques in the name of A G Constructions. Opened fictitious account by that name. Deposited all those cheques in that account. And one fine day, withdrew all 2.5 cores and vanished with his family.
In short, the builder of Gracia claimed that he is the victim of Bhushan Saraf. Bhushan Saraf has committed the crime against him. Catch absconding Bhushan Saraf.
No! We are the victims!! Bhushan Saraf has committed crime against us. Catch Bhushan Saraf. Give our money back. Claim the 15 flat buyers.
How can Bhushan Saraf commit the crime alone? The builder may be involved in it.
At least, the builder is responsible for the crime. The crime was committed under the builder's nose - committed by the builder's employee - in the builder's office - in the name of builder's company - A G Constructions - the only name associated with the project in all advertising & sales literature - the builder's employee Bhushan Saraf has absconded with our money. File a case against both. Catch Bhushan Saraf. Give our money back. Claim the 15 flat buyers.
What say you? Who has committed the crime?
Has absconding Bhushan Saraf committed the crime?
Is the builder of Gracia involved in this crime?
Who has done it?
What say you?
Elementary, my dear....in real estate market everybody commits a crime!
The 15 flat buyers of A G Constructions' Gracia at Kharadi were so sure about the builder's involvement that when the police refused to register an FIR against the builder they went to court. After the court's order, police registered their FIR and forwarded their case to Economic Offence Wing. Result is for the last 7 months, these guys are running from pillar to post!
(In the above YouTube video interview, these guys have shared their complete story in Hindi. View it. If you want you can download it on your mobile.)
Sorry. I didn't get you. Why are you considering yourself victims of Bhushan Saraf? Why are all of you waiting for the police to catch Bhushan Saraf and get your money back?
You have paid money to the builder. Why aren't you asking the builder of Gracia to complete the transaction - register the agreement - collect the balance amount from the bank - handover the possession of your flats?
If the builder of Gracia Kharadi can not complete the transaction & give possession of your flats - why aren't you demanding refund of your own contribution with interest from the builder?
Instead of focusing on getting flat or getting your money back from the builder - why are you all wasting your time in waiting police to catch absconding Bhushan Saraf? Why are you so much obsessed with - who has done it?
Don't you see that you are being mislead? Your attention is diverted in the wrong direction!
Don't you know that the builders are experts in येडा बनून पेढा खाण्यात?
If the flat possession is delayed - there is God's hand in it.
If the under construction building collapses & 13 people are dead - the contractor is responsible for it.
For every bad thing in real estate someone else is responsible.
The builder is always innocent.
We face crime once in awhile. But those who run the criminal enterprise think about covering the crime before they commit it.
And in real estate crime is committed at every step by everybody. Fake documents are made while buying land. Bribes are given & taken for sanctions & approvals. Development rules are broken while planning the project. Construction contractors and site engineers commit frauds and loot builders. Purchase managers & accountants of builders embezzle money. Builders cheat flat buyers by misleading ads & false commitments. Builders extorts money from the property buyers as infrastructure charges and by delaying possession. Gundas, politicians, bureaucrats rob money from the builders.
It's elementary, my dear....in real estate market everybody commits a crime. Where everyone is expert & busy in committing crime against flat buyers as well as each other - trying to find out who is the criminal is fruitless. Only those who do not know anything about real estate do this.
Stop wasting your time on whodunit. Instead of that, better, focus your efforts on getting your money back from the builder of Gracia at Kharadi.
What say you? Please, share your views in the comments.
1) Required - Builder's Credit Report & Credit Score Rating
2) Shanti Homes 1 BHK Row House for Rs. 6 Lakhs Scam
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