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Irish investors get trapped in New Delhi realty show

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With a growing craze for the Indian realty, there was some investment from Ireland bought around 294 apartments at a location near to the capital city. Source reported at www.propertykhazana.com reveals that around 245 Irish investors are now seeking the clarification for their share of assets in India amounting around 42,000 Euros through an investment company called Kuvera Ltd based in Dublin.
It is a company by the name of a Hindu God of wealth is run by Kieran Murphy – a former broker. After a questing measure on behalf of www.propertykhazana.com it was stated by the Dublin kuvera that the investors has directly contacted the developers of the site VG Buildtech in India and Kuvera plays no big role in the dealing so far. Kuvera group further recommends contacting the Kuvera Properties in India which is responsible for all such development and financial related issues of the country. They further adds that till now no clarification has been received from the Indian builder VG Buildtech or the Indian part of Kuvera and so a deep line enquiry is been raised by the company.
Apart from this the company also confirms that they have also made a New Delhi based law firm Fox Mandall Little to go ahead with the investigation to look after the funds if there is any mismanagement. On the other hand it also lately came to limelight that the Irish investors who have put their money to the New Delhi property is not satisfied with the code of conduct laid on the process. Interestingly owner of Irish Kuvera has also stake in VG Builtech along with another stake of 55 percent for Kuvera India. For more updates visit www.propertykhazana.com.
Source: NBTVLIVE

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