Originally Syndicated on June 13, 2024 @ 9:42 am
The concept of “sports homes” is not exclusive to developed countries. The innovative Oxigen concept was recently introduced to India by Excel Dwellings Bangalore, which unveiled its main development, which spans a vast 74.5 acres.
Interestingly, a sizable section of this enormous area is set aside for leisure.
Excel Dwellings has created a remarkable benchmark with its Oxigen development. The property offers opulent living quarters in a lovely setting for high-end residences.
This property, which is well located along Sarjapur Road, offers easy access to a number of important services, such as hospitals, schools, retail establishments, office buildings, and national highways.
The large, opulent villas, which cover a huge 46.5 acres, offer a remarkable combination of luxury and convenience. The luxurious interiors are expertly designed, with remarkable attention to detail.
The vehicle’s exceptional build quality gives its occupants a greater sense of security and safety. The 8-acre sports city has a variety of facilities, including Olympic-sized swimming pools, badminton courts, a skating rink, and a golf course.
The running tracks and gymnasium were designed with an emphasis on physical training in mind. Additionally, this recreational facility offers chances to participate in beach volleyball and rock climbing.
The villa plots, one of which is twenty acres in size, provide a great deal of financial upside. Excel Dwellings Oxigen was hailed as a much-awaited product due to its remarkable attributes.
Therefore, it has been noted that Excel Dwellings Bangalore has received a significant amount of negative ratings based on the comments made by its customers.
Excel Dwellings Bangalore: Grievances from Customers
- A consumer complained to the company, claiming that Excel Dwellings Bangalore is a scammer. The person paid a fifty thousand dollar advance or rebooking fee to reserve the unit.
The agent then told me that the house had been sold several years earlier. Several incidents about the property have come to light, along with numerous court cases in which the corporation has been involved.
The organization’s legal representative provided the previously missing property documentation. I decided to ask for my 50,000 rupees booking money to be refunded.
Nevertheless, the person handling the reimbursement advised me that 20% of the deposit had been deducted in compliance with the rules. I still haven’t gotten the money that is owed to me.
- In their case, the client claims that they showed a favorable disposition toward the property and a desire to buy it right away during their tour. Excel Dwelling Bangalore claims that the number of available houses for sale is restricted.
It was mentioned by Mr. Rajesh, the manager of the company, that the banks had previously vetted the loan paperwork, hence the documentation for the property was not verified. In addition, the choice was taken to avoid wasting money by having a lawyer verify all the documentation.
The next day, a manager got in touch with our group to let us know that someone else had shown interest in buying the house. If someone wants to purchase the land, they must act quickly because someone else has already seen it. We are ready to purchase the land, so he sent the required paperwork and mentioned that 20% of the total amount has been paid at the time of reservation, with the rest amount being paid by the customers.
After we all decided to give legal counsel the previously mentioned paperwork, they quickly let us know that the property in issue had already been sold and would not be accessible for our party to buy. We are in a condition of extreme astonishment and incredulity.
The person in question has a tendency to be dishonest. Fraudulent practices have been reported to occur in Bangalore’s Excel Dwelling neighborhood.
When it came down to it, we all decided to end the property, and then they told us they were going to deduct two thousand or fifty thousand dollars.
The argument put out was that the aforementioned clause was absent from the contract. Thereafter, additional efforts were undertaken to initiate contact with them. They are not in existence at the moment. A major con artist!
- According to the customer’s complaint, it is said that two plots, one measuring 40×40 and the other measuring 40×30, were acquired after signing a sales contract with SSR Homes.
SRR HYDE PARK was the local name for this specific area. According to Shiva and Vijay, who are both sales managers at Excel Dwellings Bangalore, I was permitted to use the property in the same year.
As a result, I committed to purchasing the property with about 85% of my money. I have some overseas travel coming up for work-related reasons.
When I got back, I found that the land I had invested in had not gone through the required legal procedures. I made an effort to get in touch with the appropriate person and let them know about the money reimbursement. I haven’t heard back from them yet, though.
Later, they received a letter explaining that they had additional investors in their business. These are people who are involved in fraudulent activity.
My spouse and I have been trying to get in touch with them for the last one and a half to two months, but they have not been available at all. I did not receive my investment portion back. These people should not be trusted or depended upon as they are involved in large-scale fraud.
- Plot purchase money paid by Excel Dwellings Bangalore has not been reimbursed.
There have been notable delays in Excel Dwellings Bangalore’s finance disbursement. Six months have passed and no explanation has been given.
The concerned party has given us a written pledge in the past, but they haven’t returned my calls or answered them since, showing a history of non-responsiveness.
The client states that he is quite frustrated and would strongly advise against doing any real estate business with them. Fraudulent activity has been observed in several cases.
Additional Customer Complaints Regarding Excel Dwellings Bangalore
- Ritishjollly88, a customer of Excel Dwellings Bangalore, claims that he has invested in fake homes in order to fulfill his life’s ambitions. My sister’s wedding took place in Bangalore, which is the reason I invested in the fake company described above.
Before the wedding, the choice was taken to purchase a home property. Nevertheless, the project is moving slowly and will cost a significant amount of money.
I had informed the dealers before choosing them that the work needed to be completed in time for my sister’s wedding. Unfortunately, it doesn’t seem like this goal will be accomplished.
Several things have been damaged beyond repair, which is why I had to voice my displeasure; however, the person in charge did not respond.
Letdowns!
- According to Subha Yoga, the people connected to Excel Dwellings Bangalore, the company in question, are considered to be a collection of people who don’t have any accountability. As a result, I purchased a piece of land in Sarajpur that was part of the Pebble Creek plan.
The people in charge of promoting the property are wasting their time away from it because it is embroiled in a court battle right now.
- According to the complaints, SRR Homes & Excel Dwelling Bangalore targets gullible clients who are drawn in by aggressive online advertising displayed on a number of Indian real estate platforms and engages in dishonest business activities. Some agents function at a level of expertise similar to a company.
False assets!
A CASE STUDY
Excel Dwellings Bangalore / Mr. Yenereni Chakradhar V
Analysis
The complainant filed a lawsuit against Excel Dwellings Bangalore in order to recover Rs. 4,00,00,000 and to start paying taxes at the commencement of the case at the rate of 18% per year until the entire amount is recovered.
The complainant also seeks any other remedies that may be available, as well as payment for the costs expended during the judicial proceedings.
According to the claims made by the plaintiff, the respondents are involved in the business of developing property and building villas and other structures around Bangalore.
Over several decades of doing business, the complaint got to know the defendant’s Board of Management members. The complainants had a sincere belief and trusted each member of the defendant’s board of management to carry out their responsibilities.
The complainant was contacted by the accused parties, who requested financial support in the sum of Rs. 4,00,00,000 to support the expansion of their commercial and developmental initiatives.
The people who make up the company’s Board of Managers promised, guaranteed, and committed to repay the amount above as soon as possible, plus an extra amount of Rs. 4,00,00,000 or interest.
The complainant gave the respondent money totaling Rs. 4,00,00,000 after being persuaded by the aforementioned promises, pledges, and assurances.
About Excel Dwellings Bangalore
Excel Dwellings Bangalore is a stand-alone residential community on Sarjapur Road that was the country’s first international sports villa community. The project occupies a vast 74.5 acres, of which 8 acres are set aside expressly to house athletic facilities and provide contemporary amenities.
After conducting a thorough investigation and assessment, Excel Dwellings Bangalore constructed Oxigen, which is located in close proximity to three major IT hubs: ITPL, Electronic City, and Outer Ring Road. Nestled in the tranquil splendor of the outdoors, Excel Dwellings Bangalore is a well-known and enthralling home sports community.
With so many facilities, such as championship golf courses, retail stores, health care centers, and leisure areas, the area’s residents are guaranteed to be engaged at all times.
Using National Highway 207, which will soon become the Peripheral Ring Road, speeds up the trip to Bangalore International Airport.
This feature makes it extremely appealing and accessible for residential use, which adds to its appeal to prospective homeowners. You can click this link to learn more about the organization: Excel Dwellings Bangalore
The Bottom Line
The client has had an unpleasant experience with Excel Dwellings Bangalore because of a number of tragic events and what appears to be misrepresentations. After taking a tour of the property, the buyer expressed a strong preference for a particular property and thought it might be for sale.
It was later revealed that the land in question had previously been purchased by another organization. The discrepancy that has been noticed raises questions about the dependability and transparency of Excel Dwellings Bangalore’s operational procedures.
In addition, the client feels confused and unsatisfied due to the lack of adequate document authentication and the reluctance to provide clear answers about the state of the property that goes along with it.
The alleged actions of the company’s manager, Mr. Rajesh, have prompted further questions regarding Excel Dwellings’ operational processes. To add to the concerns is the unanticipated application of a deduction amount that was not made clear in the contract.
Most of the claims made by the client suggest that Excel Dwelling Bangalore may engage in dishonest business methods. The matter under consideration holds significant importance, and the client’s feelings of discontent and sorrow are intensified by the company’s sudden shutdown of operations.
Considering the situation, it is clear that transparency, accountability, and a commitment to morality are desperately needed in the real estate industry.
This case serves as an example of how important it is to perform thorough assessments of property owners and retain legal counsel when necessary to protect one’s rights.
The client’s experience with the aforementioned occurrence emphasizes how important it is to exercise increased caution and diligence while buying real estate.
