I was amongst the first people to attend the investor presentation of Lavasa. I didn’t invest as I did not like the fact that maintenance fees etc would be arbitrarily decided by Lavasa Corporation.However lots of people in the meet came with their cheque books and invested.Everyone thought that this project was backed by Sharad Pawar and so nothing would go wrong-Pune after all is the fiefdom of the Pawar family.
All realty investors must read this-How Lavasa investors were cheated http://t.co/S32EDqtipc
— alphaideas (@alphaideas) September 27, 2013
2 replies on “A cautionary tale for realty investors”
I would never INVEST (is that the right word ?) based on a piece of paper that can make any legal sense – only after you spend 200% more on legal sharks. The judiciary in our country is a shenanigan.
If Lavassa is doing business, then it is they who have to invest their money and only then I will consider buying from them – if I think I need whatever trash they are selling.
HCC had also invested lots of money in Lavasa…