Weird aspects of Chinese company RISLAND INDIA'S Thane project 'THE ICON' -- Flat-buyers be cautious
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- Опубліковано 22 тра 2022
- The Icon is a project of Risland India, which, according to the company's website www.rislandindia.com/ is " a Hong Kong-based multinational real estate conglomerate". The Indian company promoted by Risland, called Leading Frontier Private Limited, is officially the promoter of The Icon. The company's website says, "Mumbai, December 18, 2019: After successfully entering into the Indian market, Risland, a Hong Kong based multi-national real estate firm Risland to unveil SSGF technology in India through 'The Icon' in Thane. The Icon is using SAFE, SUSTAINABLE, GREEN & FAST (SSGF) construction technology that is introduced for the first time India. It is a German construction technique which is a combination of 12 construction technologies. This technique ensures speedy construction which is two times faster & stronger than average construction speed."
However, all the building permissions are in the name of the Indian entity called Siddhi Real Estate Developers (a partnership) and its group company Gowani Hotel Pvt. Ltd. The land is also owned by these two entities, and there are many litigations affecting the project in Bombay High Court, Thane Civil Court, and other forums.
The registered office address of Leading Frontier Private Limited is given as "The Icon, Plot No. 61/2A, Opposite Highland Residency Circle, Dhokali Village Thana West" i.e. the same address that is currently under construction. How can this be?
The names of the Directors of Leading Frontier Private Limited is shown as:
JIAN LI
ZHENGXING CHEN
DARSHAN KHUSHALCHAND MARU
PENG QING
As per MahaRERA website, the name of the contractor of The Icon real estate project is China Construction Sausum India Private Limited. The official address of this company is "701, The Capital, Level 7, Bandra - Kurla Complex, Bandra ( East) Mumbai Mumbai City MH 400051". But this is a mere "envelope address" because many other unrelated companies are also registered at the same address. Hence, China Construction Sausum India Private Limited, which has three Chinese nationals as its directors, appears to be a "table-and-chair company" or "PO Box company". The names of its directors are:
SHENGLIANG XIAO
FAN LYU
LINXING WENG
GORACHAND MANDAL
Given all these peculiarities, and the large number of litigations in Thane Civil Court, Bombay High Court etc, it is advisable for flat-buyers to adopt a cautious wait-and-watch approach.
ISSUED IN PUBLIC INTEREST BY
Krishnaraj Rao
9821588114 and 8169471229
krish.kkphoto@gmail.com
Twitter @BravePedestrian
Mumbai
Thank god did not wait. We were promised delivery in december 2021. Also, it could be virtual address which companies apply for now a days if don't have any self owned office
Thane have excessive supply 5x supply than the demand , so many projects coming across Thane , Sir , pls make vdo on Water Crisis in Thane with this insane level of constructions going on across ...without any water security , Tanker lobby active .. how this city can survive with no water security
Very good point.
Yes true
So true. As a thanekar, I see water trucks arriving in our society once almost every week. I used to live in Mumbai before, and this was not an occurence there. I did not realise this was a thane wide issue, and not just an issue with water supply in our society.
@@Mahalakshmi-Khan This is not a Thane wide issue. In my society we have 24 x 7 water supply coming from TMC and nothing comes from Tankers. Don't spread misinformation
Yes, pls make video as this is the burning issue
I am not sure why so much reputed banks have approved this project for Loan. This builder has already delivered project in NCR. Yuvraj Singh is the owner of the Penthouse in NCR region I think.
Sir ji, if any builder says it will refund the token money back, but asks cancelled cheque to scan and send..Is it ok to send this
Just an update Phase 1 has been delivered and handed over to flat owners for the ICON and the construction for all the other phases are almost completed.
Krishna ji, the 701 Capital BKC you're referring to is a co-working space, hence several offices or companies can function out of these. ✌🏻
Is there any latest update on this project? Other than this can you suggest any other UC projects which are good/recommended?
Yes I have
Thank you sir ..I was planning to invest and purchase flat at ICON .Will cancel it now
If it is rerea registered then should we still be worried ??
Best of luck from Ireland 🇮🇪
Thane 2 bhk in 600 sq feet 1.54 cr or 3 bhk is 2.5 cr. Isn't that insane even Mumbai pockets have lower prices. Water problem, traffic problem and so many problems but builders are just looting
Where Mumbai pockets? Where we can get a better carpet & same price or lower please guide sir??
@@Vrath620 just google you will get very good 2 bhk under 1.5 cr in Kurla, bhandup etc
@@wamd5187 arey yaar i was asking for a genuine advice.
Kurla & Bhandup 2 worst locations
@@wamd5187 these are 2 locations jaha free mai bhi nahi chahiye
Also their technology thing is true, there isnt any noise or dust if you go there. Now I dont know if it's because people dont do any work there or if it's because of whatever technology they are using...
Planning to buy a flat here.. Plz suggest... Possession given is Dec 2024...should I buy?
Me too planning to visit next week
Kindly make video on kalpataru sunrise. I want to buy that flat
Make a video on prestige mulund newly launched project
It was long stuck project
Any update on this now?
I went there last week. In the last one month, they have not done any work there...they had started and now have stopped again...
I went up uptil the 26th floor....all that talk about work being completed beyond 5th floor is all BS...the stairway and lobby work tiling is still ongoing actually just beginning..one bedroom in each flat is still undone because it has a different tiling...door fittings not complete....washroom fittings not done,that I understand will be done last...painting incomplete...3rd, 4th,5th floor is still cement and rubble...bahar bhi kuch khaas kaam nahi chal raha hai....there was one man every five floors doing tit bits here and there, a few max 8 to 10 employees working on the podium and club house.... considering the scale of the project,very disappointing after everything they promised...
Awesome
Thank you soooo much for this video.. i visited this bldr last week and ws impressed by the cons quality they were promising.. bt somehow something was unsettling abt it since its a new unknown builder.. so dropped it
I am not sure why so much reputed banks have approved this project for Loan. This builder has already delivered project in NCR. Yuvraj Singh is the owner of the Penthouse in NCR region I think.
Project is one of the best and safe to live . So far they have delivered in 10 countries don't you think it's enough to understand what they are delivering ?
Whats is the status now.. Can anyone comment
I went there last week. In the last one month, they have not done any work there...they had started and now have stopped again...
I went up uptil the 26th floor....all that talk about work being completed beyond 5th floor is all BS...the stairway and lobby work tiling is still ongoing actually just beginning..one bedroom in each flat is still undone because it has a different tiling...door fittings not complete....washroom fittings not done,that I understand will be done last...painting incomplete...3rd, 4th,5th floor is still cement and rubble...bahar bhi kuch khaas kaam nahi chal raha hai....there was one man every five floors doing tit bits here and there, a few max 8 to 10 employees working on the podium and club house.... considering the scale of the project,very disappointing after everything they promised...
@@anushreenair6241did you buy a flat here? When is the possession date given?
@@anushreenair6241 should we go for it ? Outside area is good or not ?
When marketing people claim 2x speed and 2x strength, regular people should exercise caution.
I am planning to Invest in Icon Pls suggest.
Did you invest? I'm planning to invest as well in 2bhk. But the price seems very very high
Even I am planning to buy as it really looks spacious compared to other brand projects. I am told that by March 2024 they will give posessions of the completed projects. But now I am worried and confused.
Damn, hopefully nothing wrong happens. The handover is in 2025. My cousin has booked 1 for 1.8 cr. 17 lakhs downpayment done already, rest at 6% per annum mortgage on 20 year adjustable. 😥
Hey anyway you can give me your cousins details? Name, phone no ?
Is this for 2bhk or 3 bhk?
Which bank gave loan at 6%?
@@ARUNAVAify Axis. He's a VP there. Got it during 2020-21. Must me more atm.
@@pranit7094 3.
The possible actions of Russia are absolutely predictable, since the purpose of the existence of Russia is to increase the territories controlled by Russia.
If we remember that Russia is surrounded by other countries, then the only way to expand the territory of Russia lies in the occupation of other countries.
Therefore, Russia's development strategy has two cyclically recurring phases: 1) preparation for a new war of conquest and 2) waging a war to seize new territory.
In the period of preparation for war, Russia looks and behaves like other peaceful countries.
Therefore, during this period, one might think that Russia does not pose any threat.
However, this is a very dangerous delusion, since during this period Russia is actively conducting military preparations: it produces military equipment and ammunition, creates reserves of money and food for the period of a new war.
In addition, Russian propagandists are actively working to convince the population of other countries of the peacefulness of Russia, and are actively inciting the population of Russia against the country that is planned to be attacked.
After capturing new territory, Russia begins preparations for a new war, and so on.
Of course, Russia also has periods of crisis, but they do not cancel the main goal of Russia's existence.
Therefore, one cannot rely on peace-loving words from Russia, but one must constantly and persistently prepare for war, since only a strong army can stop Russia and since Russia attacks only weaker opponents.
irrelevant
2:35 what the heck are these names? Madison?? Icon? Kuch bhi!
this is no scam, my brother inlaw bindi bought and is nw retired very wealthy man
Your brother-in-law's name is what exactly? Bindi???
No matter whether True or False. If ending Note doesnt contain slogans like Vande Matram, Bharatm Mata Ki jey, Indians will not trust you. Hypocrisy is the only core n cover of New India.
I don't think so.. even without thpse slogans.. many ppl follow his videos.. maybe only those who actually care for their money and take the pain to research..
Why are you saying chinese when they are hongkong based?
Sir hong kong is not in China
In 5 year this building would collapse
Why you say so?
@@k0009able china ka saman asa he hota hai bahi ""chel to Chand tak ya fir sham tak"""
@@arabiantime really? get your facts
Lol...Chinese Constructions qualities are much better than our country....we are still dreaming of making Mumbai looks like Shanghai from past 20 years🤣🤣
@@travelingsam557 you can go and settle. In China🇨🇳🇨🇳🇨🇳