"Don't buy Palava City flats from Square Yards & Lodha, you will lose Rs 21 lakhs", warns Dubai NRI
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- Опубліковано 5 вер 2024
- Dubai-based NRI Sipra Thomas booked a flat in Casa Florea in Lodha Palava City Downtown, at Rs 63 lakhs and found that better flats at Palava City Lake Shore are available for as little as Rs 42 lakhs. "Don't ever buy property from Lodha's sales team and Square Yards, you will lose a lot of money," she warns.
ISSUED IN PUBLIC INTEREST BY
Krishnaraj Rao
9821588114 and 8169471229
Krish.kkphoto@gmail.com
Twitter @BravePedestrian
Mumbai
#lodhapalavacity #squareyards #badreviews #realestate #realestateinvesting #dubai #nri #construction #finance #uae
You're a brave woman. When people make mistake they try to hide it because it will make them look like a fool. Even if you see the comment section, majority here are saying it's your fault, you should have done due diligence etc etc. But mam, you're brave to open up your mistake and made others aware without the fear of being laughed at. You're brave. I can only pray things get better soon.
Keep praying as it is gonna work 😂😂
Bought Aurelia E wing flat 204 at 60+ lakhs in 2019 now the value of my flat is 48 lakhs maximum. I am getting a rent of 8000 INR per month where else the maintenance is 2400 INR so imagine investment of 60 lakhs giving me a return of 6k INR per month. Worst part is the demo or sample flat they showed me was so amazing but what they give me was not even 50% of which they had promised. Trust me don’t fall for Lodha any projects mark my words they are the biggest scammer of all time.
You are absolutely correct
Bro you should have just bought some flats in Mumbra if you wanted to earn through rents. You could have bought 3 to 4 homes for that much and earn 8k to 9k rent from each of them. And there's better connectivity. If you wanted to live there and have some good std life that you could not have in Mumbra, then it was understandable.
@@Atiq_s lodha is not so bad that you need to buy in MUMBRA atleast.
@@Mask.com12345 please read my comments that he could make more if he bought homes as an investment in Mumbra and also that his current earning is very bad compared to cost
@@Atiq_s still brother money is not everything
THERE is something called STANDARD also bhi
Thanks for bringing this out , it will surely help others. You are gem of a person in accepting your mistake in public and alerting others. God bless
Main culprit is square yard here ,even i got cheated with them
हमने भी 1bhk 48लाख मे खरेदी था, अभी रीसेल प्राइज 34लाख है, 14 लाख नुकसान ,
Great work being done by Krishnaraj ji!!Please educate people more!!
This is heart breaking, The Poor woman has just lost 21 lacs of her hard earned money, just like that..... How do we trust such Big Brands.....?
Modi Modi Modi
She hasn't sold her flat.
Once said that if people can be fooled for 3 hours in film theatres then they can be fooled for their life time.
This is how rich become richer and more people become poorer.
Never book under construction. Buy only ready possession ,preferably resale flats. NEVER BUY FROM BUILDER.
Never buy from builder as in?
Right
Sorry, no sympathy for people who want to "invest" in real estate 🙏 . Living space is a shared and essential commodity and should not be for profiteering. Much like how selling body organs, blood, sex and renting uterus is controlled.
So sorry to hear this, that's why due diligence required
Yes due diligence is very important, I'm also the sufferer of buy flat which was I'm unware.
True, so do your own research before investing with your money.. sry to say it's your own fault, you don't know Mumbai and you invested.. no point complaining now. Hope that you will get possession.
We bought 1.5 bhk at 52 lakh in Palava downtown about a year ago. Now the price is down to 45. And it's really far far away from Mumbai. Lesson learned
A big hatsoff to this lady and Mr.Krishna to expose these sweet talk so called big giants who are eating middle class person hard earned money bcos they know we as a person wont be able to make rounds here and there and hardly anyone comes to speak the truth so they take advantages of us .
True. My flat buy 62 lakh and loan paid 2021 Rs. 30 lakh. So total Amt invested 92 lakh but sale flat got only 52, 55 or 60 lakh only.
Lodha splendoura gb road Thane West. Quoting price 1.40cr in 2017. Now 95 lacs. Just bcoz there is multireligious cemetery passes by TMC behind it. Area is full of traffic. No water supply from TMC. Society has to arrange water tank from outside. This big builders buy lands near such controversial area as they get at cheaper rates. But they sale at higher rates. For e.g Lodha new cuff parade....it is opposite to rcf...highly polluted gas at night. Lodha upper thane...full polluted gas of bhiwandi factories at night, lodha Vikhroli...full dumping ground smell, lodha palava...heavy electric poles in cities... government gives subsidy of 30% of u purchase land nearby it..( see runwal green nahur west). Lodha splendora ...4-6acres multireligious cemetery behind it. Lodha twin tower mulund new launch is very close to cemetery that's y tata housing prime project failed to deliver which was about to complete in 2014. Buyers please be aware.🙏
Wow. That's some info
Excellent research...which other projects would you suggest to buy ?
Completely right. Same problem we are facing. The Lodha people have shamelessly cheated everyone. Our purchase of 65L is now 45L. It's a joke. The rent is 8k and maintenance is over 4-5k. To top it now CITY GOVERNANCE COST has imposed it self on us. Which will be an added burden. Do not ever invest with Lodha/Palava.
Those who purchased 60 lakh 2 bhk flats, current price is 45 lakh. Rent is 13k and maintenance 2400+4000 (which lodha pcma is asking)+ property tax.
Worst investment for anyone.
Prices won't increase for next 5 years at least because huge supply and less demand
Prices won't increase for next 5years but for sure unnecessary cgc and maintenance will increase....after 5 years you will find out how much there has been losses including all those charges those who buyed as an investment
It would not hava not happened if you had found Krish sir earlier 👍
The entire city / nation / state / Republic of Dupe City has issues - its a cluster of buildings but its really not as convenient as showcased, also its municipality limits will create civic hurdles for anyone purchasing a place here, even at 42 lac the price is steep. One must really think twice before staying or investing or purchasing an apartment
I totally agree the Square Yards and sleazy sales agents literally stalk NRIs non stop for years, if they somehow get your phone number. They collect numbers from property fairs if you casually visit there by mistake.
Sorry to hear this but it’s a great learning for others . Thank you for sharing this info
Really very helfull video
Ur doing very good work sir
In Mumbai or near by area When we booked flat in under construction building.... Then why we are not allowed to see a flat while it's construction going on.? Almost all of builders deny permission to every owner and not allowed then to entering under construction building? Why?
Always inspect the property personally before investing irrespective of whether you are buying it either through an agent or even if directly from the builder
These woman paid 63 lakhs for 2 bhk, but actual cost of flat is 42 lakhs it means she lost 21 lakhs, then who is responsible, lodha should return her remaining amount
This is so very sad to see that it is older people who have been robbed off their retirement money.
unfortunately you can not sell it even for 40 laks now.
Lodha runs on a token money. Once u seat on a table with sales team its all over.
Very Brave & Honest Lady, She is Willing to Share her Tragedy, so that She can Save Others from falling into the Trap of Lodha Builders, She just Lost her Hard Earned Life Time Savings, Still she is Brave enough to Warn others of the Cheater Builders.
Thanks for creating awareness
Yes you are right there are many people in palava city who buy the flats at rs 55 lac and above, but when they try to resale there flats then broker quotes the price 33 lakhs, what is the solution of this problem
Palawa phase 2 m abhi bhi builder rate approx 63 lkh 1.5 bhk
Resale flat me km h because udr itni captivity achi nhi h but after metro you can get your actual rate mby more then
I find Casa Bella Gold as the best out of all Palava options. It has relatively spacious houses, is just next to Xperia mall and Balcony flats are available. You can reach out to main road by walking.
I have never been in favor of other projects like Down town and LSG and even Casa Rio per se. So as an investor or resident you have to do little research on your own as well. I know generally Palava attracts harsh reviews but my experience in Casa Bella Gold has been good so far. Not sure about other places.
Perfect research, As of 2013 CBG is best, but wait once mumbai metro line 14 starts , rates will boom boom.
I believe casa rio is good place to live only issue is road is worst which is going to be done soon
Rather than investing in lodha invest in whiskey atleast you'll have peace of mind
Even i got cheated, c grade construction, I haf booked terrace flat, lodha made 7 floors more.
First house is want. Second house is greed 🤣🤣
This are small things. People who invested in lodha costeira (napensea road) , lodha altamount (altamount road), lodha mahalaxmi....alreasy lost 3-4 crores. Specially in lodha mahalaxmi entire two buildings sea facing view is obstructed by Minerva lokhandwala building.
Y can't u buy house and build house in south india. Full calm and peace
I was planning to see a property through Square Yard, I Would refrain from dealing with them in the future!.
Sir, Can you comment about any good or reputed builder or platform to deal in property? Also Please comment on how to buy a property or What should be the right approach to buy a property? How to Judge builders or Platforms?
Essentially feels like a failed investment.
The flat was bought without the necessary due-diligence and market research.
Over the years there have been thousands of reports of such shady behaviour by Lodha and people still buy from them blindly
Its good you came out with these facts about Square Yards & Palava City hype. Its been going on for years now and not sure how many innocent people have been cheated like this. Sorry to say, but you are at major fault failing to follow & comply basic documentation & verification to confirm exact details of flat and deliverables by builder, even before making token payment. There is plenty of information available on internet with grievances/complaints/reviews but people fail to spend enough time to do necessary research.
Some is so persuasive about an investment it's an indicator that it's in his interest not yours!!!
Thank you thank you lady , recently looked at lodhas palava cite the rooms prices are too large but rooms are small also advertising showing including all charge but thay are demanding excluding all charges ,also miguided loan process by thair financer
Feeling sorry after hearing your plight.
Hope all will be OK.
That is their bussiness, you can't say they have cheated you, they are not stolen your money, this is the fact. There is always the big cry after investment go wrong, it's the normal thing for bussiness men. The thing is that we are not fully aware of financial markets how it move globally. Me too have lost so much savings in past in different ways. Here somebody earn when somebody loose.
Good thing is to get enough knowledge before investing and be secure yourself otherwise so many foxs 🦊 are roaming around maam. And don't worry sleep calm and enjoy next sunrise as new life.
'Yahipe kamaya,yahipe lootana hai'
God bless.
Feel bad for your experience. Thank you for sharing experience
Thankyou Ms Thomas really appreciate you made this video so that others don't loose money as you have lost already.
At times it makes sense to put money in Bank Fixed Deposit agree interest is less but atleast your principal amount does not erode & you can encash premature in minutes unlike flat if you require money you cannot encash & have to look for a buyer some times will take more than a year to get a good deal.
God bless !
Similar experience with Squareyards. Never buy from such “channel partners” who sell at 20% premium. They act like consultants, talk about helping you to develop a “portfolio”. Price on the website is like MRP. Real price could be much lower. Very bad experience!! Once the advance is paid, they take commission and vanish from the scene.
I am sorry for her but she didn't researched and thought everything will come in plates to her home with huge profit.. it's an learning for everyone, do a proper research before buying a flat
Madam thx for info , I wish and pray 🤲 that you get back your invested money
She is a NRI she can be fooled (sorry for the term) , but what about our locals???? Even they're falling preye to LODHA AND TEAM.
Now LODHA is a MINISTER to our STATE, his wilfulness is now legalized and backed by the STATE AND CENTRAL GOVERNMENT too.
So true.
It's not CASA...it is KASHALA 😹
Don't buy in palava as an investment, it is worst investment
Thats true, had been there to look for resale property.
Resident is happy but investors are not.
Friends, please buy Prestige City from Mulund Mumbai... I can only trust Prestige group... This is the best investment for NRI
Thank you so much
Never buy the builder property from lodha atleast in palava. You can get same property in resale with 15-20 lac less here.
Same happens with dosti post OC the prices doom
Dont ever buy property from builder, resale is always cheaper.
Sir.how to contact you....I am.also facing issue with lodha palava....I need your guidance please
thanks for speaking up
Y do people fall for such investments: GREED
After seeing this video am wondering why rental state is such shape.. people are ready to pay any amount. I have spoken to more than 50 brokers' went length and breath of the city; none of the apartment are worth the price. Society offices shares brokers no. You call them they say rental not available.. if it's for purchase we have it. Honestly whom to trust?!!
This is the case with every individual buyer. still lodha sales strategy is catching new buyers by showing like it's not less than Dubai. People understand only after buy that they made a mistake. Lodha is using owners maintenance charge to develope the entire Palava city and advertisement which is benefiting them. A body called PCMA is meant for maintaining the city, but actually they are working for Lodha's future and their personal gain😢
Thank you
Lot of people who bought for investment they are losing but if you have bought to live the you would enjoy.only investors are crying as they did not get quick money. Investment for quick money is always like share market, you can lose money. The only option is to wait for a good time to sell.
on name of branding and few amenities its looting the rate which is not their in that area if u buy and go for sale in such company u secure the lost of 25 to 35 % min and no any appreciation if any one buy since cost is excoburent
balmodo is best example on name of golf course
just becoz of golf view [only view from balcony ] its cost double or one bhk cost is match with 3 bhk of that area.and pay extra if want play golf every year all fooling concept.
Brave Move 👍
Please spread these videos ..and save india from these vulture builders
Casa floria 😅.. all such fancy name is one of their toolkit to honey trap customer ..well said more than demand there is supply of such shitty apartment
im a common man and i know how these builders con ppl
BUT......
ffs if you don't reserch property rates, you dont check if your house has a balcony or not and all the stuff then dont you think you helped your own downfall ?
this is nonsense you are not out to buy sabji gobi , baingan. in that case we can discard it as a small mischief or mistake that vender sold you bad product or charged you 10₹ extra. even then we feel some ambiguity towards ourselves that ohh i should have known batter.
Here you acted as a nobe, threw away your money and now saying he cheated.
First mistake is that you think these flats are an investment.Those days are long gone when prices increased super fast.
Now due to oversupply, these flats are dead end properties.
2nd who told you madame that FD are a poor investment.Put in long term senior citizen FD and put that monthly interest in NSC or KVP and effectively u have around 7 percent return.
Your 63 lakhs becomes 1.26 Crores at 7 percent compounding over 10 years.
Nowdays in 10 years u will be lucky to sell 63 lakhs flat for 1 Cr.Add broker fees,maintenance,poor rent,repair costs u will be effectively getting around 90-95 lakhs.
Its because of these people purchasing unnecessary flats , the prices are going up and a common man is suffering. Invest in gold, Stocks, Fds and other instruments.
Ye Bhai dara kyu raha hai maine bhi FD thod ke Flat lia hai...
Don't tell this to my wife woh mereko goli maar degi .😐
@@tonmy21 lol
@@tonmy21 🤣.
Don’t worry, u will recover ur investment as soon a ps the airport comes up,till then just rent it out if possible
Is there any airport plan in palava
🤣🤣🤣
@@slPatil-xp3wg 😂😂
Air port aayega tab tak to aaur umar badh jayega
Palava ke building ke upar airport banega kya
so sad to hear this....
Never buy ncp Wadala Lodha property .lots of issues .
Give opinion on satyam & metro developers at upper Kharghar,.
I saw random videos so I think only investors are not happy with palava . But who don't have their own single home that families are happy here bcoz they can't afford this kind of big homes and facilities in this price in the Mumbai high-profile area. In the last investors and lodha both are looking for business and profit. Middle class families are happy here ☺️
Even though I agree with you, even for end users I don't think it's a good situation if you are buying a house at 63 lakhs and you can't sell it atleast same price (if such situation arises). For investors it's not a good option in first place , why would you spend such amount on Palava city, I think 1 RK or 1 bhk in Thane would have been a better option. In Palava, they will be always launching new projects and builder will try to sell their apartments not investors.
They have huge Land parcel .
This is 100% correct. People with profit in mind are not happy. Those who wish to live a happy and cool life are truly happy here.
Well It's Not in Mumbai!!
Ulwe is much better
Yes...atleast 20% annual returns are seen....i had invested a 1bhk for 20 lacs in 2012....today 2022 it is quoting 50 lac plus.
When you go to buy tomatoes, potatoes or onions,you check for the quality and the quantity,but when you buy an expensive property,why do we become so naive??
Do not buy any property without checking out atleast 20 different properties in the vicinity,
Go for the legal search of the properties, try to buy ready to move in properties if possible ( you'll know what you are getting exactly) and finally, do not buy from a builder or a developer who is politically communal...
Made up story...these people are thing of short term invesrmnt...then madam you shud hv invested in stock market...its ur mistake you dint do your homework properly...sitting at dubai you just trusted on some marketing people...these people are working fr someone else...its finally you shud decide fr yourself...peolw this happens wth everyone when if we trust on marketng people blindly our expection does not meet ...everyone shud hv a long term vision when you buy a flat there...yoy shud either feel to live there nd njoy lifestyle or you shud keep this fr lng term...don't think this as stock market investmnt...
People who own a flat there..its not because lodha has faulted its that her requiremnt was diffrent...
Nothg wrong wth palava ...but unstnd its not a stock market..
Madam one suggestion...
Where is this Lodha Pallava city ?
Dombivli, Kalyan Shilpahata Road
Also he cheated by 11 lacs more, which was not quoted before.
very bad happned mam
and i wish you earn again in mumbai
god bless you and be keep your health well.
Omg😮
Lodha world tower was 13 crore for 3bhk in 2016, now 8 crore
Seriously man, thanks for sharing. Sorry for your loss..
Square yard is pakka culprit
my friend said good company
@@Mask.com12345 no bro. They post random properties
Dear mam i stay in downtown palava
the casa florea is still under construction how is that you could resale it ???
I have received possession demand letter, to be paid before 1st October; possession they said within 45 days. Once I pay their demand letter of 48 lacs plus, one can resale. I was trying to find out resale price to understand if it is better to loose 9 lacs the payment that I made. The demand letter is displayed in this video
@@shiprathomas7080 thanks u
@@shiprathomas7080Ma'am what's the situation now ? Did you succeed in getting rid of the flat ? Did you sell it or not ?
Saw this video toooo late
Downtown is first world 🌎 concept , not applicable for third world , failed project like lodha ...whatever
👍
Very sorry madam ji
shame
Lodha ia fraud....
"WOOOWWW i invested in a risky property which is in an remote location at a really high price of Rs.10000/sqft and now I am losing money. Ohh the consequences of my own actionnn!!!!"
Real Estate is not meant for investment.
Same problem hamare sath huva please your contract no.
If you are cheated take help of court / police and not these channels created for mala fide purposes.
Ye magal prabat lodha
Bjp minster property hai
Bhot lok fas chuke hai...staion se buhot door hai..log aade dam main sale kar rahe hai...