THIS BLOG IS PURELY BASED
ON PUBLIC INTEREST
Overview: We have invested on a development project (Diya Enclave,
near Mysore Airport, Dadadalli) offered by Mr. Rajesh Kumar YR, a propitiator
of malGudi Properties, Mysore, Karnataka and here is our experience. Few
developers does poor work and charge more, but this gentleman robbed our
entire money and keep telling sweet words whenever we meet him. Details are
as follows… Post reading this blog, we leave the decision completely to your
discretion and decide whether to invest on any projects developed by him or
not. We hope this blog helps you in dealing with any other real estate
developers as well.
Rajesh
Kumar YR (above pictures are collected from public websites)
After waiting for two years closely
and seeing no progress we met him personally and asked him about the status. He
himself stated that the project cannot be developed and the money will be
returned, but he needs to check with his other partners. This discussion
happened on 05 March 2011 and we have captured the complete discussion. A small
clip from that video is attached below for your reference. For security
reasons, we are not able to host the entire video and the same will be
submitted in court of law. In fact, since the time we doubted him, we have
captured most of the discussions that helps now in the court.
On 20th Mar 2011 this
gentleman (Mr. Rajesh Kumar YR) requested us to give him two months’ of time to
return us our complete money (in cash) that we gave as advance. As usual these
two months of time requested for again to just delay the whole process OR by
expecting his own benefits that we realized later. Close to 20th May
2011 again as expected he came up with a surprise (you may please read through
the below mails for reference). After a couple of deep discussions, he finally
gave us postdated cheques (dates mentioned on cheques are on Nov 2011, hence he
again took 6 months more time) on 23rd May 2011. As guessed he
dishonored cheques and tried his level best to stop us proceeding legally. He
also has no respect on our legal system and says even if we file a case in the
court it will take years of time and that won’t affect him in any way.
We have filed two criminal cases
under Negotiable Instrument Act 138 on Mr. Rajesh Kumar YR as he dishonored the
cheques. We will keep posting the progress
here with the public interest.
BTW: We also have communicated to
Mr. Rajesh Kumar YR that once he return our money, we plan to donate that money
to Shami Dev @ Shanishingnapur, Manjunatheswar @ Dharmastal, and etc. Even
after that he is troubling us like this and trying to rob the money. Now that,
you can guess what kind of personality Mr. Rajesh Kumar YR has.
For more information we can be
contacted at diyavictims@gmail.com. If you are also on the same boat (invested in the past on
projects offered by Mr. Rajesh Kumar YR) and if you contact us we can together
legally proceed.
Reference mails/communications with
Mr. Rajesh Kumar YR are as follows….
Posted on: 20th May 2011
As expected, our
gentle man Mr. Rajesh Kumar YR had come up with a different proposal again J
One day before he
was supposed to settle our cash, he sent the below mail. In fact, as per his
commitment, he was supposed to update us the status in the first week of May
2011 as he said the amount will be settled in the first week of May 2011 but if
it delays for any reason, in the worst case it should not cross 20th
May 2011 for settling our cash. These discussions happened on 19th
Mar 2011. But as expected, despite of us sending a couple of mails to him for
update, he did not responded to us till the last minute. He had come back with
the following mail on 19th May 2011 (which is one day before the
settlement date)
--------------------------------------
Rajesh Kumar YR Mail extract - start
--------------------------------------
As a valued and esteemed customer of ours, I would like to explain
in detail about the progress.
The time taken from you is to consent of other parallel investors
too who have invested in our property. And I am happy to report the progress
here.
We have done the survey extensively around the area. The layout
ahead of us is selling at Rs.700/- per sq.ft ( You can check directly with them
). We assessed inside properties and decided the market value of the plot today
would be a min of Rs.550/- per sq.ft and we are raising our price to the same.
There is a development in the Mysore market, so the bulk investors
and other site owners have decided to go ahead with the development of the
property. On similar lines we have gone ahead and paid the required fees to the
Govt. accordingly ( The documents are available for verification ).
My sincere request to you is to stick to the original plan and you
shall reap the benefit. After all the home work we have done here, we felt that
retaining the sites is the most sensible thing one can do.
All the options I have given you is to give you an immediate
appreciation in land so that there would be some kind of give back from our
side in the recession market. Now as it is our prices have gone up there and
the development work is starting, so it would fetch you good returns.
Please do come tomorrow before 10 AM and I shall arrange the
documents from the office. Kindly confirm your visit.
We hope for a better tomorrow and await positive approach.
Thanks & regards,
Rajesh Kumar YR
malGudi Trade Links Pvt. Ltd,
Mysore - 570 020
+91 9379 11 55 66
+91 9845 11 55 66
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Rajesh Kumar YR Mail extract - end
--------------------------------------
---------------------------------
Our analysis on his
mail - start
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Here is our inline
analysis on his mail---------------------------------
As a valued and esteemed customer of ours,
Diyavictims> Fishing
I would like to explain in detail about the progress.
Diyavictims> Great to listen one day before the settlement
The time taken from you is to consent of other parallel investors
too who have invested in our property. And I am happy to report the progress
here.
Diyavictims> This is completely unacceptable as this was not
discussed by Rajesh earlier. On19th Mar 2011, Rajesh committed that he will
return the money on or before 20th May 2011 to us at any cost. He
did not discuss anything about the need to discuss with anybody else. He
mentioned only one thing is that, he need to find out from his partners that
how much more money (interest) that he can return to us apart from our actual
investment. We have recorded evidence for this which will be posted in the web
in our subsequent blog updates. As of now we are retaining all our key
recordings confidential as evidences.
We have done the survey extensively around the area. The layout
ahead of us is selling at Rs.700/- per sq.ft ( You can check directly with them
). We assessed inside properties and decided the market value of the plot today
would be a min of Rs.550/- per sq.ft and we are raising our price to the same.
Diyavictims> Great news. He can make a lot of money now.
There is a development in the Mysore market, so the bulk investors
and other site owners have decided to go ahead with the development of the
property.
Diyavictims> Rajesh forgot us as investors. He did not consult us
to know our opinion before taking this decision. So there is no way we can
believe this. Despite of repeatedly asking Rajesh from a long time to share
with us other partners contact details to form an association group, he
declined to give us the details. We leave it to you to speculate on “Why Rajesh
did not shared the other partner’s details with us?”.
On similar lines we have gone ahead and paid the required fees to
the Govt. accordingly ( The documents are available for verification ).
Diyavictims> Here the real fun starts.
Look at the below link that will direct you to the marketing
document that he had come up with before we had invested (exactly 2 years back)
on this project.
Diya Enclave Presentation
Go to Slide #4: Here it is clearly mentioned that “Change of land
use completed under MUDA.”
Now understand what our gentle man Rajesh Kumar YR is?
Secondly many times in our earlier discussions we were asking him on
the status of the approval process. During that time he mentioned that the
following three steps are completed (we have recorded evidence for this which
will be posted in this blog in our subsequent blog updates).
- Verification and Legal opinion for the purchase of Agricultural land
- Change of Land use
- Alienation
He said it is completed but he never shown us any proofs for the
same, despite of asking for it many times.
Now he is telling that he paid the required fees to Govt.
accordingly.
KNOW WHY?
He can show this as a proof that he is working on Diya Enclave
development but we are only voluntarily coming out of the project, hence he
need to deduct some amount as damages and loss. Fun!
But the fact is that, in our recent couple of discussions, he
himself (Rajesh Kumar YR) mentioned that he cannot develop Diya Enclave and the
plan for developing this site has been completely dropped out. We have recorded
evidence for this which will be posted here soon. This recording also has the
information that, he mentioning about returning us our investment with some
appreciation (interest).
My sincere request to you is to stick to the original plan and you
shall reap the benefit. After all the home work we have done here, we felt that
retaining the sites is the most sensible thing one can do.
Diyavictims> If Rajesh Kumar YR is so customer centric; he should
have returned our money by this time.
All the options I have given you is to give you an immediate
appreciation in land so that there would be some kind of give back from our
side in the recession market.
Diyavictims> Just to delay.
Now as it is our prices have gone up there and the development work
is starting, so it would fetch you good returns.
Diyavictims> Great if we get our original money.
Please do come tomorrow before 10 AM and I shall arrange the
documents from the office. Kindly confirm your visit.
Diyavictims> Last minute arrangements for further delay.
We hope for a better tomorrow and await positive approach.
Diyavictims> After reading this blog, you can guess
Thanks
& regards,
Rajesh Kumar YR
malGudi
Trade Links Pvt. Ltd,
Mysore
- 570 020
+91
9379 11 55 66
+91
9845 11 55 66
Diyavictims> This website
has been closed a way back. Try yourself!!! He did closed his office at the
address mentioned in the above presentation
---------------------------------
Our analysis on his
mail - end
---------------------------------
---------------------------------------------
We have replied to Rajesh Kumar YR -
start
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Quite interesting story! You may start writing novels that will get
you lots of money.
When you say “bulk of investors shown interest to develop Diya
Enclave due to appreciation”, what do you mean by investors? This is surprising
to us as you have not consulted us for our opinion and I am not sure how you
can take this decision without even consulting us.
If someone says one lie and ninety nine truthful statements then the
ninety nine truthful statements also will be treated as lies. What if
someone says all hundred lies? I mean, we cannot accept you taking so many
U-turns (i.e. giving a new story/plan/proposal each time we reach a committed
deadline to close this deal).
At this moment, if you believe yourself that you are a genuine human
being, gives value to the relationship, and having business ethics, then the
only option for you is to stand on your commitments which was given on 19th
March 2011. i.e. giving us cash / cheque by tomorrow (ie. 20th May
2011) and close this deal for now. This will allow us to listen to you further
and look at your other proposals. That means, when you are ready with all the
approvals from MUDA and it is registration ready, we don’t even mind coming
back and booking for the plots at the market value at that time. But, unless
you give the cash/cheques as you committed by 20th May 2011, we have
no interest to listen anything that you say and believe at this moment.
We expect you to call us before 10:00 AM, 20th May
2011 and confirm us on your plan of travel to Bangalore and mode of payment. If
we don’t receive response from you on this before 10:00 AM, 20th May
2011, then you don’t have to expect any direct communication with us from then
onwards. In that case we will have to choose our own ways.
Hope you will not stretch it, till it breaks.
---------------------------------------------
We have replied to Rajesh Kumar YR -
end
---------------------------------------------
After reading this mail our
gentleman Rajesh Kumar YR has called us:
Based on the discussions, we have
sent the following mail
-----------
mail - start-----------
Thanks
for calling us and discussing with us on the next steps to close this deal!
As we discussed, we will be coming to Mysore to meet you on coming Monday 23rd May 2011, before 10:00 AM for closing this deal.
As part of this plan, we need a process that will allow both the parties to close this deal without wasting much time with arguments and discussions during our visit. i.e. we want to make our visit as short as possible and close this deal without any discussions, conflicts and further delays.
Here is the process to be followed
1.
In order to cancel the agreements we will create
affidavits which states the same and the draft copies of the same will be
mailed to you for your review. The affidavits will be valid upon realization of
the cheques
2.
You please cut the cheques with the following
details:
1.
name – value
2.
name – value
3.
name – value
3.
Send the scanned copies of the above cheques by
e-mail by 20th May 2011 before 02:00 PM
4.
Upon receiving the scanned copies of the cheques
and the feedback on the affidavit draft, we will prepare the final affidavit
with cheque details references. We will also be sending you scanned copies of
these affidavits for your reference.
5.
On Monday (23rd May 2011) morning
before 10:00 AM, when we meet at Mysore, we will just have to exchange the
cheques with signed affidavits.
6.
We will also hand you over a signed Xerox copy of
the original agreement copies by mentioning that the advance has been refunded
with the cheque details.
This
process should work for both of us to make the process as simple as possible.
Let us know if you have any thoughts to make the process even simpler and close
the deal.
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mail - end
-----------
So far we did not get the respoce
from our gentleman Mr. Rajesh Kumar YR...
Wait for the next update :-)
