I'm pained to inform the general public about the recently property fraud by Real Gold Builder for Rs. 30 lacs on the pretext of selling us an ATM space. Refer to complaint made by us in EOW West wing.

1. That Mr. Suresh Kumar Ahuja, as director of the above said company introduced by Shri Karan Anand and Laxman Singh being the employee of the said company and lured us to book an ATM Space at Commercial Plot bearing Khasra No.5411/1715/1716 & 5409 /1715/1716, Old Delhi Road, Near Acharya Puri, Gurgaon, measuring 230 sq. yards which is owned by Shri Subhash Bansal S/o Shri Hari Ram Bansal R/o D-8, Royal Court, Sector-39, Gurgaon, Haryana with whom Mr. Suresh Kumar Ahuja entered into a memorandum of understanding on 17th June 2013 and duly signed by Shri Suresh Kumar Ahuja and Shri Subhash Bansal which was shown at the time of taking the money from us.

2. That at the time of agreement to sell, Dr. Karan Anand introduced himself as partner/director of the said company and Laxman Singh also posed himself as employee and took the cheque and cash from the complainant amounting to Rs.29,25,000/- (Rupees Twenty Nine Lacs Twenty Five Thousand Only) on the promise that 1% per month assured return is guaranteed till the possession is handed over to us.

3. We enquired from the above said persons when they will handover the possession of the said ATM Space but he avoided the same on one pretext or the other and on enquiry it was also revealed that the above said persons have closed their office at 36A, Jacranda Marg, DLF City-II, Gurgaon, Haryana.

4. We met Shri Suresh Kumar Ahuja at his residence on 15.12.2013 and apprised him about the facts that you have closed your office at Gurgaon, Haryana and what is the progress of the case / construction regarding the ATM Space, to which he replied that he is unable to complete the project and issued two cheques to us for a total sum of Rs.29,25,000/- and took the original documents from us i.e. agreement to sell and receipts and issued the above said cheques and we made an endorsement that the surrendering of the ATM Space is subject to encashment of the cheques issued by Shri Suresh Kumar Ahuja, vide dated 15.12.2013.

5. That both the above said cheques were presented in the banker of the complainant and returned unpaid / dishonoured with the endorsement “INSUFFICIENT FUNDS”.

6. That after the dishonour of the cheques, We tried to approach Shri Suresh Kumar Ahuja, Dr. Karan Anand and Shri Laxman Singh Negi, but none of them were available at the addresses. Lastly approached the address of Shri Suresh Kumar Ahuja at Alaknanda, D-157, Narmada Apartments, Alaknanda, New Delhi which was found locked outside and the guards of some other persons were on duty, who told that this property has been purchased by our employer.

There is a good chance that we might never receive our money back, however, it should be a lesson for all of us to stay away from the small builders who offer lucrative returns. Always verify and cross-verify the builder reputation, location/status of the land, take appropriate legal advise before any real estate investment. Unfortunately, out laws are not strong enough to bring the guilty to the book and being our middle class, our resources and power are limited to take any actions against the mighty.