Mr. & Mrs. Khiladi to endorse realty brand

Film stars have always been an ideal choice for any brand endorsement and if it is a celebrity couple, it’s a cherry on the cake! If rumour mills are to be believed, star couple twinkle Khanna & Akshay Kumar have been roped in as brand ambassadors of a leading real estate company of Mumbai.

Mr. & Mrs. Khiladi are seen as one of the perfect couples of Bollywood and therefore have been zeroed in as the face of this leading real estate company which is also endorsed by Aishwarya Rai Bachchan.

You heard it here however, an official announcement by the couple on the development is yet to be made.

You can reach to Mr. Khiladi on :

Facebook :  https://www.facebook.com/akshaykumarofficial

Twitter  :     https://twitter.com/akshaykumar

rashmi group

Mumbai-based private real estate company, Rashmi Group has confirmed that Essel Finance has invested in two of their Signature projects located at Mira Road and Pink City project located at Naigaon in North Mumbai. Rashmi Group has delivered 14,000 apartments and currently has over 1.5 million sq ft under construction. Property consultant JLL was the adviser for this transaction.

“The investment has been done in the form of structured debt from our ASSET-1 Fund. First tranche of Rs 40 crore has already been invested and the work on another outlay of Rs 35 crore with the group is in progress, “said Abhinav Bhushan, CEO – private equity, Essel Finance.

The strategy of the fund is to focus on the mid and affordable residential segment and this investment is in line with it. The fund is also pursuing similar investments in this segment in Bangalore, Pune, Mumbai, Chennai and Delhi-NCR markets.

Essel Finance has made two investments in Pune earlier this year, one in Maple Group’s affordable segment residential projects and another in Pinnacle Group’s mid-segment project.

Vigneshwara Developers Pvt Ltd, MD

Despite a spate of fraud cases involving the unscrupulous builders and gullible investors being reported almost every alternate day, it seems the common flat buyers and investors have not learn’t a lesson.

In a repeat of sorts, the Economic Offences Wing (EOW) of the national capital recently nabbed the managing director of a prominent real estate company for allegedly cheating around 700 hundreds of investors to the tune of Rs 1,000 crore.

Shockingly, nine FIRs were registered against the accused, Sunil Dahiya, at various police stations across the National capital region and he was wanted in several cases of fraudulent cases, the police told newsmen after arresting the builder.

Addressing newsmen, Mangesh Kashyap, DCP, EOW said that the police team laid a trap at Sunder Nagar after getting a lead on him. As soon as Dahiya drove to Sunder Nagar in a chauffer-driven BMW car and stepped out. The police team pounced upon him, caught him and brought to EOW’s headquarters on Mandir Marg where he was grilled for his involvement in the mega-scam, Kashyap informed. The car in which Dahiya was traveling is registered in the name of Vigneshwara Developers Pvt Ltd and has now been seized by the EOW. Dahiya was produced in a court, which remanded him in police custody.

The top cop informed that as many as eight mobile phones, an iPod, a laptop, several credit and debit cards and other documents were seized from him.

In a brazen challenge to the law, the builder who knew all the time that the police were following him and that he was under the watch, still tried to evade arrest by staying in various five-star hotels for many days. The day he was arrested, he was planning to leave for Chandigarh but his luck ran out and was arrested.

Revealing the extent of fraud, Kashyap said that at least 700 people had invested in the two projects. “Till now, the EOW has got complaints from about 350 investors who have been allegedly deceived to the amount of Rs 160 crore by the accused company’s directors,” Kashyap said. The total amount of their fraud exceeds Rs 1,000 crore, the police said.

Disclosing the modus operandi of these the directors of the realty firm, police said that the directors Sunil Dahiya, Sanjay Dahiya and Daryao Singh allegedly attracted people through advertisement in print and online media. They also gave personal assurances to investors that they would benefit if they invested in their projects. They made unrealistic promises to the investors about the project assured high returns, but they neither paid the returns nor fulfilled the promises about completion of the projects. The investors were enticed to sell off their immovable properties to Vigneshwara group under the barter transaction. Though the directors made the payment against the sale, they got the same invested back in its projects and thus retained their sales proceeds. The realty firm lacked the necessary approvals required for completion of the residential projects, Kashyap said.