Viridian Red / Viridian Group
Reviews and Complaints

I invested in their project 12 years back about 30 lacs. I was promised assured returns of 30000 per month. After 2 years the assured returns stopped coming and the building was left to be ruined.

Now I know about 1700 investors who are crying for their investment in this project. Since the property is in dispute as builder himself formed a farji court case by his own proxies. We can't sell the property and builder says he can't rent.

All they have cases running in High Court, EOW, and many criminal cases.

FUN PART IS : Now they are implimenting rhe same business model of ponzi property scheme in WTC noida, Chandigarh etc and will soon run away after laundering rhe money and telling they don't have money now.

U invest 30 lacs or so and get 30k x 2 years = 7.2 lacs. I ASSURE YOU YOU WILL NOT GET ANY MORE EVER. What a brilliant idea.

Jai Modi Government.. Ache din aa gaye.

P.S. Deposit this money in ur bank and u can earn safely in monthly returns Fixed deposit rather then wasting it in such ponzi schemes of Ashish Bhalla

Sir ,

I had bought a non lockable unit of 525 sq.ft at WTC NOIDA project in 2017 from the developer M/S SPIRE TECHPARK PRIVATE LIMITED, now called as VIRIDIAN RED . Corporate office is located at GF 09 PLAZA M5 , District Centre ,Jasola New Delhi 110025. The space was leased out with a cluster of other such adjoining units as a large unit to a common tenant VIVO Mobile India Private Ltd by the builder . RSK Professionals Private Ltd trust was appointed to deal with the aspects relating to leasing , distribution of of rent . VIVO 's Bank account had been temporarily freezed by Income Tax Authority due to some issues in July 2022. But as per the information, Government authorities have now defreezed the Vivo Bank account as they paid the penalty and have started paying rent to the VIRIDIAN. But Viridian Red has put hold on the rent and I have not been getting any rent since July 2022. The company is showing no transparency in money related information .The employees at Viridian Red and RSK Professionals Private Ltd don't answer the calls and emails . My Hard earned money is stuck with the project and I am not receiving any rent also . Please look into the matter and do the needful at the earliest.

Thank you

Hi,

I bought a shop in Plaza-106 project being managed by Viridien Red and was committed a minimum lease guarantee for 3 years from the date of possession. The clause has been clearly mentioned via an annexure in Builder Buyer Agreement.

I received the intimation of possession in January and a payment demand was raised. Till the time payment was to be made these guys were quick in responding to queries and resolving the issues. However, now that I have made the full payment, they are giving lame excuses for not handing over the possession. They have infact stopped responding to mails. When I went to meet them in their office, Kuldeep and Aradhana (customer care head) verbally gave some lame excuses and committed to give possession in a weeks time, however they simply denied to mention anything on mail.

This clearly shows their intentions. They are delaying possession because once they give possession, they are bound to start the minimum lease amount as per BBA.

I've now received another mail from Viridien red CRM team mentioning that the committed lease guarantee will be initiated from June 2020. While I did point out the BBA clause and have been asking reasons for the delay in possession, there has been no response from them.

I would now like to raise a complaint in RERA. Please suggest if your team has a legal expert who can help with the same.

Thanks,
Dalbir Singh
[protected]

Sometime back i wrote this:

Buying a home is not as easy as purchasing a piece of garment, and when people like us make a decision and invest into homes, it is usually the hard earned money. But many a time, complete life savings are invested just so as to have those secure walls and windows around us that we can rightfully call our home. But when such a dream is shattered, and you can see all your money going down the drains, it is not only painful but a catastrophic event that just makes us lose hope. The only option which remains is to take the matter to the judiciary so that people like us can get the well-deserved justice. Although, our courts, media and higher authorities do support the citizens in distress, it is important for the government to take rightful steps so as to protect the interests of the common man. Our system should be such that, no developer or builder should ever think about duping its customers ever. There must be strict laws enforced which would not only help the citizens to make the purchase of property but would also force the builder to adhere to the commitments, thus making the whole process transparent.

https://medium.com/@MeraGharMeraHuq/why-government-needs-to-protect-interests-of-common-man-38587cdb7bef

Followed by this

The Combined Associations have moved an application seeking attachment of the Funds of other assets in India. PL has been instructed to file his report within 14 days before October 26th, following which the Honorable High Court will give its ruling on (a) Ordering an SFIO Enquiry, (b) Passing an injunction against the Fund’s other assets in India.

https://medium.com/@MeraGharMeraHuq/how-long-will-the-promoters-of-an-buildwell-fool-us-4b7ec7ae9854

And then this happened

Surendra Kumar Hooda was arrested on September 20 and has been hospitalised since. On Tuesday, the Saket court rejected Hooda's bail application and sent him to judicial custody.

More than 1, 700 buyers have invested in two projects of AN Buildwell — Spire Edge In Manesar, a commercial project, and Spire Woods in Sector 103, a housing project.

Mired in controversy since the launch of the two projects, all directors of AN Buildwell resigned, and construction work at their sites has been at a standstill for three years. The company went into liquidation in 2016.

A group of homebuyers filed a police complaint, based on which a FIR under section 420 (cheating), 409 (criminal breach of trust) and 120B (criminal conspiracy) was filed at Sarita Vihar police station in Delhi in March 2016. The registered office of the company is in Delhi, through its projects are in Gurgaon. In June 2016, the case was transferred to the economic offence wing of Delhi Police.

http://www.financialexpress.com/india-news/this-gurgaon-builder-allegedly-cheated-homebuyers-delhi-police-arrested-him-know-details-of-housing-project-its-location/873213/

https://timesofindia.indiatimes.com/city/gurgaon/realtor-75-held-as-projects-at-standstill-for-three-years/articleshow/60848035.cms

And whats happening now:

Frustrated Surendra Hooda's allies are all over posting fake news everywhere. This is an act of frustration and I can totally understand. But fakesters you cannot spam the internet with your fake lies and fake news.

https://www.complaintsboard.com/complaints/viridian-red-ashish-bhalla-scam-c924929.html

https://www.complaintsboard.com/complaints/viridian-red-fraudster-ashish-bhalla-c924926.html

https://www.complaintsboard.com/complaints/viridian-red-fraudster-ashish-bhalla-c924915.html#c1824905

https://www.complaintsboard.com/complaints/viridian-red-fraud-ashish-bhalla-c924923.html

https://www.complaintsboard.com/complaints/viridian-red-ashish-bhallas-bail-plead-c924508.html

https://www.complaintsboard.com/complaints/viridian-red-fraudster-ashish-bhalla-c924915.html

https://www.complaintsboard.com/complaints/viridian-red-big-giants-embroiled-in-controversy-as-the-real-estate-sector-suffers-c921054.html#c1823829

https://www.complaintsboard.com/complaints/viridian-red-fraudster-ashish-bhalla-c924915.html#c1824905

https://www.complaintsboard.com/complaints/viridian-red-unethical-real-estate-industry-c922893.html

https://www.complaintsboard.com/complaints/veridian-red-scam-builder-c922553.html#c1824140

https://www.complaintsboard.com/complaints/veridian-red-scam-builder-c922553.html#c1824107

https://www.complaintsboard.com/complaints/veridian-red-scam-builder-c922553.html#c1824142

https://www.complaintsboard.com/complaints/veridian-red-scam-builder-c922553.html#c1824108

https://www.complaintsboard.com/complaints/viridian-red-big-giants-embroiled-in-controversy-as-the-real-estate-sector-suffers-c922528.html

https://www.complaintsboard.com/complaints/viridian-red-big-giants-embroiled-in-controversy-as-the-real-estate-sector-suffers-c921054.html

and the list goes on and on. There are about 12-14 fake content created every day. Sometimes or i should say most of the time the same content gets repeated.

You guys need a life. Your Karmas are in front of you. You looted us for your personal benefits, syphoned off our hard earned money.

http://www.foseca.org/an-buildwells-money-siphoned-off-story/

GOD will PUNISH YOU GUYS. Stop your fake propaganda immediately.

Hi,

I’d like to share my personal experience of being associated with Spire-Edge where I invested time and money in vain. I have followed this right from the beginning and I’m confident that the man behind the whole scam is Ashish Bhalla who took the investors money and rotated it for his personal projects. He secretly redirecting his assets, business leads from AN Buildwell for his own benefit. This leads me to question the financial sustainability of AN Buildwell. And to confirm my belief, Delhi High Court has issued an arrest warrant on, "Ashish Bhalla & Fellow Directors of AN Buildwell".

Hello, Everyone, I’m a customer of Spire Edge Tower of AN Buildwell in Noida. I have not received the possession of my house till date despite contacting the directors of AN Buildwell and especially Ashish Bhalla. My requests have been denied and I am still in a limbo as to whether I will receive the possession of my house. I have recently come to know that Court has released orders for to put Ashish Bhalla and other directors behind Bars. Is this true?

Hi,

I’d like to share my personal experience of being associated with Spire-Edge where I invested time and money in vain. I have followed this right from the beginning and I’m confident that the man behind the whole scam is Ashish Bhalla who took the investors money and rotated it for his personal projects. He secretly redirecting his assets, business leads from AN Buildwell for his own benefit. This lead me to question the financial sustainability of AN Buildwell. And to confirm my belief, Delhi High Court has issued an arrest warrant on, "Ashish Bhalla & Fellow Directors of AN Buildwell".

• interim bail application has not been granted
• interim arrest protection has been provided till 9th october 2017 when the matter is listed again before the hon’ble court
• ashish bhalla’s passport has been confiscated
• ashish bhalla has to visit and give his hazri everyday to eow, mandir marg, delhi
Few facts which were crystal clear after today’s application was heard :
• ashish bhalla’s counsel admitted that swba+foseca is the association that he supports, which he had been trying to hide from the innocent and genuine buyers past 1.5 years.
• renuka kulkarni, the complainant in fir no. 116 was fully supporting ashish bhalla’s anticipatory bail application.
Please note: she is one of the office bearers of foseca
• none of the swba members or office bearers were there to support or oppose ashish bhalla’s application.
Why is that?
Because each and every one of them are his employees in his viridian group companies and if they came, the milk would have been spilled.
Please note: proofs of these have been provided in past and have also been publicly filed in our “objections to their scheme” in the matter listed before hon’ble high court in june 2017.
• immediate attention: the list of people against whom the arrest warrants have been issued also include the likes of kotwal, nagpal, malik etc who are not only bhalla’s employees but are also the office bearers and founding members of swba.
Do you smell something fishy?
The people we are standing up against in hon’ble high court are the same people who used to run & control anb’s all daily affairs throughout and now have warrants issued against them.
• thus, there is a clear connivance between foseca+swba & ashish bhalla who conned the anb management in september 2015 and forced the company into liquidation intentionally and ever since has been trying to take over the company through the backdoor and his proxies.

We would again like to thank you for always standing up for the truth
Request everyone to be smart about what they believe and what they don’t as there are lot of negative forces which have been at work in the past and still won’t give up.
Together we can & will, we know it’s been a very long journey for everyone, but we are very near the finish line, truth will prevail.
The power of choosing between good or evil is within the reach of all, please fight for your rights & may everyone’s interest & hard earned be protected.
We promise to keep on working till we achieve our goal of revival of anb & completion of projects

Bail of two Ex director of AN Buildwell rejected by Saket court for cheating buyers

Gurugram 27th September 2017: Spirewoods, a resident project was launched in sec 103, Gurgaon by A N Buildwell Pvt LTD in the year 2011 in which around 500 buyer’s booked flats. As per BBA the possession was due in 2015 while the work was stopped at site before possession date. The company went into liquidation in March 2016 as per the orders of Delhi High Court. Case in this regard is still going on told Priti Nath, spokesperson Spirewoods Resident Association.
There are many FIR and cases going on parellely with the case in DHC. In one of the cases which is done by few fellow buyers in Saket Court, Delhi, Chief metropolitan Magistrate, Mr. Manish Khurana on 22nd Sep given an order in favour of poor cheated buyers. As per the order and submitted by IO, Mr Surendra Kumar Hooda, who is the ex director of the company has already been arrested on 20th Sep.
IO also submitted that the efforts are going on to arrest company’s ex chairman Mr. Sunil Gandhi and other directors Sh. Vipen Kapur, Sh Harish Chand Mehrotra and Mr. Ashish Bhalla and they will be arrested shortly.
On 26th, there was hearing of Bail petition of Major Hooda, which was rejected in Saket Court.
Further on 27th Sep. there was hearing regarding bail petition of Mr. Ashish Bhalla ex MD Millennium spire and ex director ANB, the Saket court Judge have asked for the time to study all document and evidences against Ashish Bhalla and directed that daily Mr. Ashish Bhalla has to visit the EoW Mandir Marg. Interim Arrest Protection granted only till 9 Oct. His Passport is confiscated & he cannot leave country.

This year is not a time of happy beginnings, nor is it of endings.

In spite of hung prices over the last few quarters, home sales have been slow and insignificant. Even though some projects earmarked a low of 31% over June ‘14 prices, still it has failed to invoke the interest of new home buyers.

And on top of that realty giants are embroiled in controversy. Take for instance, DLF corporate in deep-neck in a bitter squeamish fight over a three-year capital market ban imposed by SEBI, the real estate regulator. In addition, not only DLF, SEBI has barred six other players in the market for ‘deliberate suppression’ of material information at the time of its public offer.

While a more fundamental issue of buyers' affordability is at stake, many home buyers are not fully convinced when they hear of other ramifications fueled by vested interests.

For instance, take the case of Ashish Bhalla, a person who is termed as a conspirator in the Spire Edge project case. In April 2010, when one of the shareholders was unable to seek information about the company’s financial affairs from the then-Head of Finance, Ashish Bhalla intervened through an email to the shareholders explaining the revised organizational structure of the company which he’d created fraudently.

The Development Platform “Spire World” owned by Fountainhead Advisory Private Limited, company (a company owned by Ashish Bhalla) was renamed as later Ashish Bhalla named to Viridian Red, in an attempt to taken over AN Buildwell which was registered in the name of “Spire World” and jointly invested by SFVIPFL (Sphereinvest Viridian India Property Fund Ltd.)

In addition, Mr. Ashish Bhalla allotted various flats in Spire Woods Projects to his own employees and their family members at heavily discounted price and terms which has continued to instigate mistrust among shareholders in an attempt to stir up a fight between vested interests.

This year is not a time of happy beginnings, nor is it of endings.

In spite of hung prices over the last few quarters, home sales have been slow and insignificant. Even though some projects earmarked a low of 31% over June ‘14 prices, still it has failed to invoke the interest of new home buyers.

And on top of that realty giants are embroiled in controversy. Take for instance, DLF corporate in deep-neck in a bitter squeamish fight over a three-year capital market ban imposed by SEBI, the real estate regulator. In addition, not only DLF, SEBI has barred six other players in the market for ‘deliberate suppression’ of material information at the time of its public offer.

While a more fundamental issue of buyers' affordability is at stake, many home buyers are not fully convinced when they hear of other ramifications fueled by vested interests.

For instance, take the case of Ashish Bhalla, a person who is termed as a conspirator in the Spire Edge project case. In April 2010, when one of the shareholders was unable to seek information about the company’s financial affairs from the then-Head of Finance, Ashish Bhalla intervened through an email to the shareholders explaining the revised organizational structure of the company which he’d created fraudently.

The Development Platform “Spire World” owned by Fountainhead Advisory Private Limited, company (a company owned by Ashish Bhalla) was renamed as later Ashish Bhalla named to Viridian Red, in an attempt to taken over AN Buildwell which was registered in the name of “Spire World” and jointly invested by SFVIPFL (Sphereinvest Viridian India Property Fund Ltd.)

In addition, Mr. Ashish Bhalla allotted various flats in Spire Woods Projects to his own employees and their family members at heavily discounted price and terms which has continued to instigate mistrust among shareholders in an attempt to stir up a fight between vested interests.