First they bought 176 hectors of land on one companies name, launched so called proposed non-agricultural land plotting project in another company’s name and then sold all the 176 hectors to different persons. Thus deceived thousands of investors. Recently Economic offences wing ( EoW) has registered Rs 90-crore investment fraud case against Temple Rose Real Estate Pvt Ltd's (TRREPL) in another case. EoW estimates that this fraud may go in 400 hundred crores or more. TRREPL has also deceived so many investors in its Pingori and other project also.
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| Rose City Pingori , Tal -Purandar, Dt-Pune |
TRREPL’s associate company Temple Rose Livestock Farming Pvt. Ltd. (TRLFPL) had purchased ( Sale deed no 4864/2010, 4865/2010 & 2978/2011) around 176 hector of land in pingori village of Pune sold it in 2016 ( 1199/2016)for agriculture purpose to sharmila joshi , Nipa chithalia,dooria bahrainwala , Narayan Parmar,Biman Das, Rajesh Gandhi,husaini bahrainwala, Dilipkumar Chhajed,Ashraf bahrainwala,Suresh Shiwale & Pravin Thorve. But mean while TRREPL has also sold around 5294 so called proposed N.A plots on the same piece of land to gullible investors. It has also put names of the pot purchasers on its website.
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| Temple rose live stock farming pvt. ltd.purchased surve no 810 , Pingori Village |
Actually when land was purchased in Temple Rose Livestock Farming Pvt. Ltd. (TRLFPL) name then Temple Rose Real Estate Pvt Ltd's (TRREPL) had no business to launch plotting scheme on the same land .Though directors of both the companies are same companies are different and TRREPL had no right to launch any scheme on this land.
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| Temple rose live stock farming sold all the land belonging to survey no 810 in year 2016 |
The company has same modus operandy every where . It has also published names of plot purchasers but you won’t find any sale deed registered with department of registration. Interestingly on one hand company claims to have sold all the plots and on another hand it’s associate company has sold entire 175 hectors to another persons for agriculture purpose.
Pingori village in Purandar taluka of Pune district is surrounded by hillocks from three sides. 80% of the land is hills ( In Marathi डोंगरपड ) and hence it can not developed as township, residential or industrial purpose. TRLFPL has purchased this land for live stock purpose and sold this entire piece of land for agriculture purpose . And TRREPL has also sold same land as proposed N.A plots. TRREPL claims to have 176 hector scheme as Rose city. As per companies website it is a Satellite township Project of Proposed Residential N.A. Plots for Exclusive Thai and Spanish Villas.
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| Rose City Pase 1 at pingori Suvey no 810 claming proposed satellite township |
Five directors of TRREPL company including three members of same family have been booked in another case . The firm had assured investors their money would double and had given them land papers as a form of surety The FIR has been lodged against Devidas Sajnani, promoter and director of TRREPL , his wife Vanita daughter Deepa and two others-Keshav Iddya and Markas Thorat. The EOW believes the scam may involve at least Rs 400 crore and 12,000 investors. Some of these people are also directors in another companies i.e. Temple Rose Construction Pvt. Ltd. Temple Rose Marketing Pvt. Ltd, Temple Rose Fresh Produce Pvt. Ltd. Temple Rose InfoTech Pvt. Ltd, L.H.S. Enterprises Pvt. Ltd. Shri Ramgiri Sugars PVT Ltd.
The list of plot purchasers in Rose City Phase six Scheme on survey no 810 of pingori.
Interestingly the Retired police inspector Bhausaheb Andhalkar, an accused in the RTI activist Satish Shetty murder is also past director of one of these companies shri Ramgiri sugars pvt ltd. Satish Shetty was social activist, noted for exposing many land scams in Maharashtra. He had used the Right to Information Act to expose irregularities in Government offices in the last five years. He was killed on 13 January 2010.
Its difficult to understand that despite lot of warnings and incidences of cheating , why so many people fall prey to the tactics of dubious investment companies. Some companies do not posses single sq. ft. of land any where in India, but they sale lakhs of sq. ft. land online. They never display survey numbers of the land nor they register sale deed with registrations authority. Some companies do posses some land but they sale one piece of land to hundreds of persons. Until people do not buy any land or invest in such companies people get royal treatment from their representatives but once the entire amount is paid then they totally ignore them.
