I am personally surprised, shocked, and disappointed by the development that has recently happened at Soham Builders’ project @ Manpada in Thane West - viz., Soham Gardens [read this article]. The person in question is Soodesh More [read this article as well], who I was personally quite comfortable dealing with. I had bought a flat in Fairytale apartment, part of the Soham Gardens complex, through Soodesh only. I had got information about many luxirious flats through this unique location which searches and showcases many luxurious properties and have zeroed in on this flat which I loved at first instance!

It was close to 3.5 years back, when the project was in trouble, but still I bought a flat in that apartment. We were dealing with Soodesh only, and we completely believed what he said to us. He convinced us that the project will be cleared soon and we can move in to our own “dream home”. We were impressed with the cordial and trustworthy behaviour exhibited by Soodesh. In fact, Soodesh had helped me in most of the aspects throughout this dealing and I was convinced that Soodesh is “My Man”…

Though I am troubled by this development, somewhere at the bottom of my heart, I still feel that Soodesh will not get involved in this kind of cheap tricks. He was a flatterer, but he never got involved in illegal activities. He spoke lot of lies but never involved in cheating, that too at such a large extent. My sympathies are with Soodesh, because when it comes to such huge amount (to the tune of Rs 15 crores), anyone’s honesty will shatter. I am sure Soodesh must be in dire need of money which made him take such an extreme step…

I urge the law-enforcing authorities to look at this case from this angle as well. Soodesh was a good man. He lied, he flattered, but as far as I know he was never involved in serious cheating… I wish all the very best to Soodesh.

In my last article, we observed how an economic fraud has been taking shape in SOHAM BUILDERS’ Thane project. The person, whom we can now call a CON-MAN, is none other than one of the most trusted aides of the builder - SOODESH MORE. Soodesh was enjoying trust not only from the builder, but also from many of the customers and staff. He usually was polite and always tried to settle the issues amicably. This quality of his has won him lot of trust from the buyers of residential properties.

I think a visit to the history behind all this story may be of help to my readers. It should be noted that the project under question - FAIRYTALE under Soham Gardens at Manpada Thane West - was under litigation for last 2-3 years. Soodesh was the middleman, interfacing between the builder and the angry, agitated, frustrated customers. He managed both so well that most of the customers actually put in trust and faith in Soodesh. He enjoyed a kind of blind faith! And this was exactly at the center of all this economic irregularity. Since he was blindly trusted, Soodesh managed to SELL THE SAME FLAT TO MULTIPLE BUYERS!

Find below the official communication from Soham Builders urging all its customers to avoid any type of dealing with Soodesh More.

Look very closely at this face. This face may not raise any doubts in anyone’s minds. This face may not evoke any protests. This face, in fact, may make you believe that this person is an honest and trustworthy person. I AM SORRY. BUT ALL OF THE ABOVE IS 100% FALSE…

I am not joking. The person featured in above photograph has duped quite a few investors into buying “illegal” flats. This person has “tricked” the builder for who he was employed with with lakhs of rupees. This person has, as the matter of fact, sold the same flat twice and made lots of “quick bucks”… All this while he was working from his office premises and no one smelt anything…

This person in question is SOODESH MORE. He was employed with SOHAM BUILDERS, a very reputed builder from Thane. Soodesh has been a “loyal” employee of Soham since quite some time, at least more than 4 years… Soodesh is soft spoken, interacts warmly with customers and otherwise, is dressed smartly, sports expensive gizmos, drives swanky cars… In short, he is a perfect package whom everyone can easily trust. He can impress anyone with his soft yet politically correct talks…

But this person is definitely not genuine, not trustworthy, not faithful, not loyal… ANYMORE. I will talk about story of Soodesh in my next post, with an official announcement from Soham Builders. This will prove my point.

In a recent survey by Reuters, More than a quarter of Americans currently renting houses and apartments have no intention to ever buy a home!

The survey, by real estate search site Trulia.com, found 27 percent of renters do not plan to ever buy a home. Although 72 percent still expect to buy eventually, that proportion is down from 77 percent six months ago.

Of those who do hope to become homeowners, two-thirds say they will wait two years or more. This reluctance to buy could drag out the real estate market’s slump longer than many have predicted, Trulia said.

Renters converting into buyers are crucial to turning around the housing slump, but the current economic crisis is causing people to become very hesitant to get off the fence and buy a home. Among the factors affecting sentiment: Renters are unable to save for a down payment, or they are waiting to get a new job or for mortgage rates to go even lower. Trulia’s online survey of about 2,000 Americans was conducted by Harris Interactive in late July.

One of the recents developments happening in Thane’s real estate market is: builders are duping customers through sale of “stilt parking”. One of my close friends was a recent victim of this “possible scam”.

The builder in question is a reputed builder of Thane and has multitude of projecs running in and around Thane. this case happened in one of the projects which was, for some reasons, stuck in litigation in past. the builder have kept buyers in dark about it. now, somehow, the project is cleared and the project is almost on completion, he is trying to dupe customers by selling parking slots at exorbitant rates. he is also saying that STILT PARKING CAN’T BE SOLD LEGALLY (hence hehas & is selling them illegally) & HE IS NOT ALLOWING PARKING REGISTRATIONS ALSO.

I want to ask the legal experts if this is true.
1. Can “stilt parking” be sold at all?
2. Can “stilt parking” be registered? or, regularized?
3. What are legal options available to the customers?

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