Is Dreamz infra a real firm?

Please beware of Dreamz Infra builder in Bangalore.
They also pose themselves as Dreamz Gk. Lot of people have either lost money or their money is blocked. They have no top level management. No credible people.
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Neither their CEO, nor Sachin Naik are known in any circles. Further like any other companies none of the public and private bank has ever provided any loan to this company, for operating or any other purposes. So effectively they have never verified themselves. Don't risk your capital with them.  Its complete cheat. They can run anytime, they have no real assets, they have bank guarantees.

quarefoot properties are real home makers

SQUAREFOOT PROPERTIES - Thieves, Cheats, Frauds
DREAMZ INFRA is another name of squarefoot properties.

Goondas - Squarefoot Properties / Dreamz infra.
Thieves, Cheats, Frauds, Killer - Squarefoot Properties / Dreamz infra.
The Squarefoot Properties / Dreamz infra is a BROKER.
They will book one flat to MULTIPLE persons.
One dump who pays highest at end will get the flat.

Sometimes they sell single flat to MULTIPLE people too with FAKE papers.
They will RUN like a DOG for getting your booking money.
Once your cheque is cleared, they will AVOID you and search for another booking the same flat.

They will CHEAT you.

I booked a flat in Dreamz Infra.
They have taken 12 lacs rupees as booking amount.
TWELVE LAKH RUPEES - I have paid.

Can you think how many days savings will make TWELVE LAKHS rupees?
I took 10 years to make this money. But these FRAUDS took it at a single instant.
I have paid them in July, but no refund so far.
I have lost my MENTAL stability and so I have lost my JOB too.

I am writing this to make aware all the People NOT to get trap with such squarefoot properties.
I am SURE that someone will surely comment good thing on my review,
bcz they have HIRED excellent guys only for putting good reviews on internet.
Because of many bad reviews over mouthshut.com, they have DELETED that thread.
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Dreamz Infra are 100% fraud

Dear All,

Beware of Dreamz GK Infra company since they are big Frauds and cheating innocent people like Software Engineers, etc. It is is into Real Estate and selling Flats at very low price in Bangalore. They have earlier cheated many people to the tune of crores of rupees. They take advance 25% to 100% depending on the Bakra they find. Once you pay they will never get back to you.

When you step into their office they will try to impress you by offering free snacks, dry fruits, soft drinks etc... They also take you to a site in posh Taxi. They will run behind you till you pay the advance and after that they vanish.

Don't get fooled by these people. Earlier they had company named Squarefoot properties which they closed down after cheating many people. Very soon they will close Dreamz Infra as well and run away.

Be Alert and never ever fall in their trap even if they offer you at dirt cheap price. If they keep on following you report to the Police.

Many complaints with the Police have already been registered against this company and they are going to run away very soon.

They are posting good reviews/comments all over the Internet and have hired men for it. They have even opened a website names dreaminfrareviews.in for fooling/misleading people by good reviews.

Dont waste your time and hard earned money. Go for a well known builder who has completed successful projects earlier and never goto Dreamz Infra.

Dreamz Infra is Fraud

MR sachin naik MD of dreamz infra. He has even changed his name. he had company called squarefoot properties. then he closed it its now called dreamz gk infra india pvt ltd. he is also starting company called master mind properties. His girl frnd Disha a kannada actress is 65 % stake holder in the company.he keeps hiring employees make them work for 2 months and fire them without salary. he sells appartment to customers where he wouldnt have even bought the land. nothing is his own. he makes fraud money from customer with 18 months of construction period . he doesnt own any land. he has criminal record against his real name in australia as well.

HDFC Home loan

The Chairman

HDFC Ltd

Subject: Serious Concerns on the unreasonable high rate of interest charged by HDFC on the Home Loans customers.

Dear Sir

I am a member of a group of HDFC home loan customers who have joined together to share their experiences, views and have a platform to interact with yourself. I chose HDFC only on the strength of your Brand name and being a specialist for Home Loan products. My experience with HDFC has been extremely dissatisfying. I am deeply annoyed at the lack of transparency and lack of mutual relationship shown by you at this critical Juncture of financial Crisis.  I have noticed over a period of years that the charged interest rate is floating only upwards. I have noticed whenever the market conditions ask for a rate increase the effect is passed on to existing customers in a flash but when the rates fall the benefit goes only to new customers. Whereas most of the banks have reduced rates as per the directions of RBI HDFC has turned a blind eye towards the existing customers. I personally feel that your company’s behaviour is not only unfair, unethical but also totally monopolistic. If feel that I have taken a home loan from an old time money lender rather than a modern bank. I am mentioning a few examples of the same below.

 

1. Floating loan move only upwards and rarely downwards - The whole idea of floating rate is that customer can tie himself to the interest rate changes over his term of the loan. If the bank is only going to float the rates upwards when the market rate goes up, but rarely downwards when the market rate goes down, the whole purpose of loan being floating is contradicted. HDFC will move the rate upwards the moment such move is initiated in the market but for the rates to fall it takes a very long time.

 

2. PLR rarely revised lower, new customers given better spreads - HDFC is resorting to the practice of offering new home loan at lower interest rate compared to existing customer by giving a better spread over PLR. With this, the bank continues to charge above market interest rate to the existing customer and also attracts new customer. Clearly the reduction in cost of funding is not passed on to the existing customer in this case but in case the cost of funding goes up existing customers are the first to be effected by the same. This is unfair & unjust. The present difference is not because of credit worthiness of customers but because of a desire to get new customers & ignore old ones.

 

3. Unethical Conversion Fee - HDFC is offering to move the rates lower by 0.75% for a floating loan if the customer pays 0.5 % of the outstanding amount. This is a grossly a fraudulent practice. HDFC Bank mutely moved the rate up when the market rates went up, when the market rate went down, they are asking conversion fee to float the rate down I feel this is nothing but blackmail.

 

4. Increased pre-payment changes - The unilaterally decision to increase the Pre-Payment charges on home loan from 2% to 3% is another example of your monopolistic attitude. Rather than offering good services & rates to your customer to retain them you are resorting to such unethical practices because you know that people do not wish to stay with you because of these unethical practices pointed above.

 

 

 

I have been regular in paying my installment despite immense financial constraints that the global slowdown is putting on the economy.

 

In view of the prevailing factual situation, I have the following demands from you:

 

1. Interest rates for new & old customers need to be same - As already mentioned above the present practice is totally unethical & should be removed.
   
   
2. Offer us rates that are competitive to PSU Banks – In times of Global slow down where inflation has fallen to lowest level in the last 7 years CRR, Repo Rates & reverse repo rate been cut by RBI number of times I am still paying interest rate higher than what I was paying a year back.

 

3. Interest rate changes need to happen only by PLR changes not by increasing discounts as your present structure is not transparent.

 

4. Removal of pre-payment changes - I would also like to mention that if you continue to charge arbitrary interest rates from your customers this amount does not remain legal & the customer has a right to move to a bank which offers the right rates. I would also like to add that basis the situation that we have today as discussed above I feel HDFC is forcing its customers to look out & change to other banks who are offering far lower rates & have a better track record in terms of transparency thus in such situation the pre-payment penalty concept is unethical. You should work towards retaining your customers through service & competitive rates rather than penalty.

 

5. HDFC should share with its customers how PLR is derived - As of now your customers are not aware how you fix PLR. Your company should take lead & explain the basis for the same which will increase transparency & restore customer faith.

 

6. Benefits and Encouragements – In fact you should encourage prepayment of the loan amount by the customers by providing them some bonus, as it will increase the liquidity in the market at this juncture.

The confidence which has been lost in HDFC due the foregoing reasons can only be restored when you favorable reply & action from your side. My expectation is that HDFC will behave like a responsible company who understand the tough times that everyone is going through and will come out with a suitable package of mutual benefit of all the parties. I hope you will not wait for a situation like the one in US (Mortgage Crisis) before you act.

I request you to take action on this ASAP, failing which I shall be left with no option but to take suitable actions to protect my hard earned money which includes moving my home loan to a PSU bank. It’s been 2 months since we forwarded this letter to you. I hope that HDFC Management will respond to my concerns favorably and satisfactorily and will retain their loyal customers.

 Thanking you and look forward to your earliest reply,

Regards,

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Loan Account No – XXXXXXXX