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Charan Homes/residential homes / Did not deliver Apartment

1 India Review updated:

Charan Homes is a Bangalore based residential construction company. In the past they were able to build and deliver flats to both end users as well as investors. For the past two years, they have been taking deposit and not delivering apartments. The response from them is very little. I have lost Rs. 10 lakhs. I am planning on filing a lawsuit in India against the owner Mr. Satyanaraya Reddy Kalluri, M.D of Charan Homes. He seems to be absconding from arrest warrant. He also has abandoned a project in Chennai and Hyderabad and closing down offices there. He also does business in Tirupati. ********INVESTORS BEWARE**********

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Comments

  • Sa
      24th of Mar, 2010
    0 Votes

    I am a customer of Charan Homes and have bought flat at Ganganagar project Charan Habitat. The Owner is a cheat who has mortgaged the sold flats of Charan habitat to SBI bank to garner funds for other projects. Now Mr. Satyanaraya Reddy Kalluri, M.D of Charan Homes claims that he has no money to pay back SBI loan and wants all flat owner to pay extra money to get the flats released from bank ! He has declared his bankruptcy openly in a meeting with flat owners of Charan Habitat.

  • Vi
      29th of Mar, 2010
    0 Votes

    Agree cent percent that he is a fraud. He cheated us too, but we got every kind of pressure to squeeze our principal amount from him. We lost atleast 5 lakhs on interest with our money being with him for 1.5 years. We lost precious time too without looking for another suitable dwelling for ourselves.
    I am sure he will go to achieve nothing in life with so many cursing him.

  • Vi
      4th of May, 2010
    0 Votes

    I completely agree with the above said facts. Satyanaraya Reddy Kalluri, M.D of Charan Homes Pvt Ltd, has left many projects in the midstage and cheating people. He has taken huge amount as advance and executed sale deeds for a project he has started in Sanjay Nagar, Bangalore and he is now absconding. He has just erected the slabs on this Sanjay Nagar project and has vanished in thin Air. The desparate flat owners (i am one amongst them) are filing an official complaint with the police shortly. SATYANARAYANA REDDY IS THE NUMBER ONE CHEATER ON THIS GLOBE I HAVE EVER COME ACROSS IN LIFE.

  • Dv
      13th of Jul, 2010
    0 Votes

    We are also experiencing the same problem at Tirupati. Manager by name Mr. Hariharan induced us to this project and now he is not traceable even. Satyanarayana Reddy's elder brother (his kin), K.V. Ramana Reddy also left Tirupati, and nobody knows where those brothers. Their close friends here at Tirupati in their private meetings say that both brothers secured themselves with handful money settled down with millions of rupees by fund raising in India and abroad. Nobody knows where they are, but a few people still work for them at Bangalore and Chennai. When a couple of customers from Tirupati visited Bangalore, they found the office closed with a person who undisclosed his name and said he don't know where his MD is. but neighbours say that he is in touch with Satyanarayana Reddy and his where about, if any finds a solution please do post or send a mail. We have invested 40 lakhs on Tirupati project believing sweet words of Hariharan and Satyanarayana Reddy. Now we understood that it is poison not honey. Help us pleas

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