Are you planning to buy an apartment? Without reading this do not buy.
Wilful defaulter, Absconded, Accused Syed Rizvi alias Rizvi, Yazir, Syed Yasir Rizvi (Chairman & Managing Director - CANOPY ESTATES PRIVATE LIMITED) Cheats 100+ clients, diverts fund and abscond to USA. Claims he is an US Citizen, Challenges the innocent buyers that they can do nothing. States Indian law can do nothing.
Find us on Social Media
You can also Email us at canopyclassicbuyers@googlegroups.com
Canopy Classic Apartment, Bangalore
Syed Rizvi (Yasir) cheats Innoncent buyers
In the year 2010, Syed Yasir Rizvi alias Syed Rizvi, Yasir, Rizvi and Mohammed Zahiruddin Ahmed alias Zahiruddin Ahmed Zaheer directors of Canopy Estates Pvt Ltd aggressively publicized about their project called “Canopy Classic” proposed to come up in Ramamurthy Nagar in Bangalore, Karnataka. In the sales brochure, it was mentioned that the property units would be ranging from 2BHK to 3BHK having built up area from 1155 sq. feet. to 1555 sq. feet and would have landscaped garden, including club house, play area, basketball court, jogging track, gymnasium, swimming pool to enable the residents to lead healthy lifestyle. Relying on the sales brochure, site plan, elegant video, verbal assurances of the Accused(s) Syed Yasir Rizvi alias Syed Rizvi, Yasir, Rizvi and Mohammed Zahiruddin Ahmed alias Zahiruddin Ahmed Zaheer directors of Canopy Estates Pvt Ltd the 100+ hard working, innocent, went ahead and made huge payments, to the Accused Company with the expectation that they will get the possession of their flats within the stipulated time and as per the assurances made by the Accused(s) Yasir Rizvi alias Syed Rizvi and Mohammed Zahiruddin Ahmed alias Zaheer directors of Canopy Estates Pvt Ltd. However, this did not happen and there was a considerable amount of delay in providing the possession and it also became clear that most of the things offered in the brochure were a mere misrepresentation to cheat the innocent buyers.
Accused(s) Syed Yasir Rizvi alias Syed Rizvi, Yasir, Rizvi and Mohammed Zahiruddin Ahmed alias Zahiruddin Ahmed Zaheer of Canopy Estates Pvt Ltd collected substantial amounts of money from the Complainants and after a delay of more than 4 – 24 months from the date of initial payment, executed the Agreement for Sale of Undivided Share of Land and Construction Agreement (the “Agreement”). The innocent buyers were forced to sign the Agreement that was one sided, arbitrary and unreasonable under the threat that if they don’t sign the Agreement, it would result in forfeiture of the entire amounts that have been paid and the allotment would be cancelled.
Syed Rizvi's (Yasir) trip to Middle East
Both the directors, Syed Yasir Rizvi alias Syed Rizvi, Yasir, Rizvi and Mohammed Zahiruddin Ahmed alias Zahiruddin Ahmed Zaheer directors of Canopy Estates Pvt Ltd Accused Company incorporated a company named “Interstellar Smart Housing Private Limited” in the month of March 2017 for low cost housing projects in Karnataka but told the Canopy Classic investors that they have created this company to generate funds to complete the Project. They also showed a deposit slip of Rs 12,80,000/- as initial investment by a Saudi Arabian businessman through Whats App to the canopy classic investors. However, nothing has happened till date. The directors of the company “Interstellar Smart Housing Private Limited” have since changed, however Syed Yasir Rizvi alias Syed Rizvi, Yasir, Rizvi and Mohammed Zahiruddin Ahmed alias Zahiruddin Ahmed Zaheer has maintained his original office address and email id as the company Id. The phone numbers of both the directors Syed Yasir Rizvi alias Syed Rizvi, Yasir, Rizvi and Mohammed Zahiruddin Ahmed alias Zahiruddin Ahmed Zaheer and senior personnel of the Accused Company is now switched off. In the year 2017, Syed Yasir Rizvi alias Syed Rizvi, Yasir, Rizvi and Mohammed Zahiruddin Ahmed alias Zahiruddin Ahmed Zaheer directors of Canopy Estates Pvt Ltd started destroying all their evidence including their facebook pages, linkedin profile, closed their registered office of their company Canopy Estates Pvt Ltd. and fled to the place where the buyers are not aware.
In the month of December 2017, innocent buyers came to know that Syed Yasir Rizvi alias Syed Rizvi, Yasir, Rizvi is in middle east to fetch the capital. In the month of January 2018, through whatsapp message Syed Yasir Rizvi alias Syed Rizvi assured that he is going to get multi million dollar. On the contrary to what he said, In the month of February 2018, Canopy Classic buyers could not trace his where about. After suffering the mental agony and burning the mid-night oil they traced Syed Yasir Rizvi alias Syed Rizvi, Yasir, Rizvi Managing director of Canopy Estates Pvt Ltd is in Illinois, USA with his wife Salma Rizvi and with three children and started working in JS Held.
Syed Yasir Rizvi alias Syed Rizvi, Yasir, Rizvi Managing director of Canopy Estates Pvt Ltd challenged that innocent Canopy Classic buyers can do nothing and he asked to complete the abandoned project on their own. All the dreams of Canopy Classic buyers are shattered.
After self retrospection, the innocent buyers realized that they are victims of various wrongful acts and omissions of the Accused(s) Syed Yasir Rizvi alias Syed Rizvi, Yasir, Rizvi and Mohammed Zahiruddin Ahmed alias Zahiruddin Ahmed Zaheer directors of Canopy Estates Pvt Ltd. The Accused(s), Syed Yasir Rizvi alias Syed Rizvi, Yasir, Rizvi and Mohammed Zahiruddin Ahmed alias Zahiruddin Ahmed Zaheer directors of Canopy Estates Pvt Ltd on various instances have acted dishonestly, fraudulently, wrongfully, deceitfully with a clear malafide intention to cause serious wrongful loss to the Complainants and thereby gaining wrongfully and have enriched to them unjustly to amass huge wealth, profits and landed properties. It is pertinent to note here that all wrongful acts and omissions done under the garb of the Accused Company, Canopy Estates Pvt Ltd were part of a premeditated malafide conspiracy by various people, which included senior personnel of the Accused Company, its directors and other people (collectively, the Accused(s)). In order to achieve these malicious wrongful acts, the Accused(s) Syed Yasir Rizvi alias Syed Rizvi, Yasir, Rizvi and Mohammed Zahiruddin Ahmed alias Zahiruddin Ahmed Zaheer of Canopy Estates Pvt Ltd used various false and fabricated documents and electronic records. Additionally, several, misrepresentations, dishonest claims, false assurances and deceitful representations were made by the Accused(s) Syed Yasir Rizvi alias Syed Rizvi, Yasir, Rizvi and Mohammed Zahiruddin Ahmed alias Zahiruddin Ahmed Zaheer of Canopy Estates Pvt Ltd
Find us on Social Media
You can also Email us at canopyclassicbuyers@googlegroups.com
Syed Yasir Rizvi - Absconded, Accused MD of Canopy Estates Pvt Ltd
Syed Rizvi alias Yasir linkedin Profile
Syed Yasir Rizvi (Chairman & Managing Director - CANOPY ESTATES PRIVATE LIMITED) Man who made many Homeless
Chairman & Managing Director at Canopy Estates Pvt Ltd May 2013 – Present Managing Director & CEO at Canopy Estates Pvt Ltd November 2009 - May 2013 (3 years 7 months) Company NameTerracon Sr. Project Manager Dates Employed Jul 2004 – Oct 2009 Employment Duration5 yrs 4 mos LocationNaperville, Illinois, USA ESA Section Manager / National Account Manager at Terracon July 2004 - October 2009 (5 years 4 months) Sr. Project Manager April 2002 - June 2004 (2 years 3 months) Midwest Enviromental Consulting Services Dates EmployedApr 2002 – Jun 2004 Employment Duration2 yrs 3 mos LocationYorkville, Illinois, USA
University of Strathclyde Master's degree, Environmental Science, 1998 – 1999 MES College of Arts, Commerce & Science Bachelor’s Degree, Chemistry, Botany & Zoology, 1992 - 1995 St. Michael's High School, Patna
Canopy Classic, Rama Murthy Nagar, Bangalore Canopy Crest, North Bangalore Both the projects failed and it is incomplete
Mohammed Zahiruddin Ahmed alias Zaheer Director of Canopy Estates Pvt Ltd
Mohammed Zahiruddin Ahmed alias ZaheerLinked in Profile
https://www.linkedin.com/in/zaheer-ahmed-879325174/ An experienced quick learner customer oriented Sales & Marketingprofessional( overall 13 + years ) Bengaluru Area, India
13 + years Experienced Sales & Marketing professional with ademonstrated history of working in the Real Estates industry. Skilledin Customer Service, Management, and Sales. Strong marketingprofessional with a Bachelor of Arts - BA focused in Journalism,Political science, Sociology from St. Joseph's Evening College(Autonomous).
SUPERCITY BUILDERS 101, City Plaza, Plot No - M/24, Road No-26, Sri Krishna Nagar, Patna, Bihar - 800001 CC: +91 7677990990 Tel: +91 612-2530070 Senior Manager(Head sales and marketing) February 2018 – Present CANOPY ESTATES PVT LTD 8 YEARS Manager - Sales & Marketing September 2013 - December 2017 (4 years 4 months) Assistant Manager - Sales & Marketing January 2010 - 2013 (4 years) CANOPY DWELLINGS PRIVATE LIMITED Executive - Sales & Marketing May 2008 - December 2009 (1 year 8 months) CANOPY GROUP Site Supervisor 2007 - March 2008 (1 year 3 months) WOODLAND Trainee Manager 2005 - 2006 (2 years)
St. Joseph's Evening College (Autonomous) Bachelor of Arts - BA, Journalism, Political science, Sociology · (2005 - 2008)
Registered office of Canopy Estates Pvt Ltd
M/s. Canopy Estates Pvt. Ltd. Canopy House No.969, 5th ‘A’ Cross, HRBR 1st Block, Kalyan Nagar, Bangalore-560043
Find us on Social Media
You can also Email us at canopyclassicbuyers@googlegroups.com
Cases Against Canopy / Yasir
| Criminal Case (FIR) | 1 (Yet to discover More) |
| NCDRC (National) | 100+Clients |
| Bangalore Session Court (State) | 5 |
| Karnataka State Commission (State) | 9+ |
Criminal case - First Information Report
Navigate to this link, https: //ksp.gov.in/fir.aspx Select District as Bengaluru City, Police Station as Hennur PS, and FIR number as 0099and Year as2018 Click Search, then click on "FIR found Click on Download"
Please note: This FIR is filed by aggrieved Canopy Classic Home Buyers in Hennur Police Station, Bangalore, Karnataka, India Under section 406, 420, 467, 468, 471,120(B)
IPC 406: Whoever commits criminal breach of trust shall be punished with imprisonment of either description for a term, which may extend to three years, or with fine, or with both. IPC 420: Whoever cheats and thereby dishonestly induces the person deceived to deliver any property to any person, or to make, alter or destroy the whole or any part of a valuable security, or anything which is signed or sealed, and which is capable of being converted into a valuable security, shall be punished with imprisonment of either description for a term which may extend to seven years, and shall also be liable to fine. IPC 467: Forgery of valuable security, will, etc. Whoever forges a document which purports to be a valuable security or a will, or an authority to adopt a son, or which purports to give authority to any person to make or transfer any valuable security, or to receive the principal, interest or dividends thereon, or to receive or deliver any money, movable property, or valuable security, or any document purporting to be an acquittance or receipt acknowledging the payment of money, or an acquittance or receipt for the delivery of any movable property or valuable security, shall be punished with 1[imprisonment for life], or with imprisonment of either description for a term which may extend to ten years, and shall also be liable to fine. IPC 468: Forgery for purpose of cheating.—Whoever commits forgery, intending that the 1[document or electronic record forged] shall be used for the purpose of cheating, shall be punished with imprisonment of either de¬scription for a term which may extend to seven years, and shall also be liable to fine. IPC 471: Using as genuine a forged 1[document or electronic record].—Whoever fraudulently or dishonestly uses as genuine any 1[document or electronic record] which he knows or has reason to believe to be a forged 1[document or electronic record], shall be punished in the same manner as if he had forged such 1[document or electronic record]. IPC 120(B): Punishment of criminal conspiracy.— (1) Whoever is a party to a criminal conspiracy to commit an offence punishable with death, 2[imprisonment for life] or rigorous imprisonment for a term of two years or upwards, shall, where no express provision is made in this Code for the punishment of such a conspiracy, be punished in the same manner as if he had abetted such offence. (2) Whoever is a party to a criminal conspiracy other than a criminal conspiracy to commit an offence punishable as aforesaid shall be punished with imprisonment of either description for a term not exceeding six months, or with fine or with both.]
Contempt of Court
Fearing Prosecution, Syed Yasir Rizvi applied for anticipatory bail on 17-May-2018 Bail granted on 10-July-2018 As per bail, Yasir should attend Hennur Police Station,Bangalore, India on 1st and 3rd Sunday for a period of 6 months. Yasir did not obey the court order.
Cases under Bangalore session's Court
Navigate to this link, https: //services.ecourts.gov.in/ecourtindia_v6/ Click on Case Status from the Left side Menu
Choose State as Karnataka and city as Bengaluru and Court as City Civil Court Complex, Bangalore Choose Petitioner / Respondent as Canopy, and Registration Year as 2018 and Status as Both
CCH1 PRL. City Civil And Sessions Judge
| Sr No | Case Type | Petitioner Name Versus Respondent Name | View |
| 1 | O.S./2075/2018 | ARULKUMARAN Versus CANOPY ESTATES PVT LTD | View details for case number 205200020752018 |
Choose State as Karnataka and city as Bengaluru and Court as City Civil Court Complex, Bangalore Choose Petitioner / Respondentas Syed Yasir and Registration Year as 2018 and Status as both
CCH1 PRL. City Civil And Sessions Judge
| Sr No | Case Type | Petitioner Name Versus Respondent Name | View |
| 1 | Crl.Misc./3834/2018 | SYED YASIR RIZVI Versus HENNUR P S | View details for case number 201900038342018 |
| 2 | O.S./2075/2018 | SYED YASIR RIZVI | View details for case number 205200020752018 |
Choose State as Karnataka and city as Bengaluru and Court as CMM Court Complex, Bangalore Choose Petitioner / Respondent as Syed Yasir, and Registration Year as 2018 and Status as Both
Chief Metropolitan Magistrate CMM Court, Bangalore
| Sr No | Case Type | Petitioner Name Versus Respondent Name | View |
| 1 | Cr/6180/2018 | NAVEEN MEHTA Versus SYED YASIR RIZWI AND OTHERS | View details for case number 201600061802018 |
| 2 | C.C./7674/2018 | Mr. Syed Yasir Rizvi | View details for case number 201200076742018 |
Cases against Yasir / Canopy in National Consumer Forum
Navigate to this link, http: //cms.nic.in/ncdrcusersWeb/login.do?method=caseStatus Type Case no as CC/547/2018 and click Search
| Case No. | CC/547/2018 |
| Filing Date | 27 Feb 2018 |
| Filed In | NCDRC |
| Complainant | SANJEEV AGARWAL & ORS. |
| Respondent | M/S. CANOPY ESTATES (P) LTD. & 7 ORS. |
| Next Hearing | 19 Feb 2019 |
| Case Stage | Adjourn |
| Application(s) Filed | IA/11792/2018, IA/15826/2018, IA/4276/2018, IA/4277/2018, IA/5629/2018, IA/5630/2018, IA/9750/2018 |
Consumer court state commission
Navigate to this link, https: //kscdrc.kar.nic.in/ From the left hand menu, choose Case Status, and then choose Query on Party name 1.Choose Case Type as Complaint 2. Pet Name enter Canopy 3. Resp Name enter Canopyand then click Submit. It will fetch 11 Cases
| Case Number | Type of Party | Party Name |
| Complaint 219/2014 | R1 | M/s Canopy Estates P.Ltd., |
| Complaint 269/2014 | R1 | M/s CANOPY ESTATES PVT. LTD |
| Complaint 565/2017 | R1 | M/s Canopy Estates Pvt. Ltd. |
| Complaint 2/2009 | R1 | M/s Canopy Dwellings (P) Ltd., |
| Complaint 4/2002 | R1 | Canopy Construction Company Ltd. |
| Complaint 28/2014 | P1 | Canopy Calyx Apartments Owners Welfare |
| Complaint 28/2014 | R1 | M/s. Canopy Dwellings (P) Ltd. |
| Complaint 158/2014 | P1 | Canopy Calyx Apartments Owners Welfare |
| Complaint 158/2014 | R1 | M/s. Canopy Dwellings (P) Ltd. |
| Complaint 279/2010 | R1 | M/S. Canopy Dweellings (P) Ltd |
| Complaint 367/2017 | R2 | M/s Canopy Dwillings (P) Ltd., |
Two Execution Petition filed under Canopy / Yasir
For Cases 219, 269 order was given by Court. But Canopy did not obey the court order. Hence,Execution Petition is filed under Canopy. To search Choose Execution Case type as Ex.Pet and Resp Name as Canopy then click Submit.
| Case Number | Type of Party | Party Name |
| Ex.Pet. 32/2018 | R1 | M/s Canopy Estates Pvt. Ltd. |
| Ex.Pet. 33/2018 | R1 | M/s Canopy Estatates Pvt. Ltd |
Find us on Social Media
You can also Email us at canopyclassicbuyers@googlegroups.com
Scam Summary
Summary of Charges
Mismanaged / siphoned off / diverted multi million dollar of fund. Sold the same flat to multiple innocent buyers. Allured the innocent client with fancy advisement and made 100+ clients Homeless Defaulted multi million dollar loan to Vijaya bank Failed to make the payment to Vendor / Contractor and Employees Fudged the books of accounts and it is not up to date. Yasir is disobedient and discourteous toward a court of law and challenges the Indian Judiciary system that it cannot punish him and he refused to obey the bail order. Threatened the innocent clients / buyers After collecting all the money, Yasir has absconded from India to USA via Saudi on Dec 2017 and challenges the Indian government, Indian law that nothing can harm him. Defaulted Income Tax - 276C(2) Wilful attempt to evade payment of any tax, penalty or interest (non-cognizable offence under section 279A)
| Amount received from Canopy classic Clients | 55,89,83,623 (55 Crores 90 lakhs) |
| Amount spent on Canopy Classic project (as Per CA / Daksh Enterprises) | 34 Crores |
| Amount siphoned off / diverted from classic | 21 Crores 90 lakhs |
| Amount mismanaged / siphoned off / diverted from MPHAR | Five Crores 80 lakhs |
| Amount defaulted to Vijay Bank | 14 Crores 18 lakhs |
Reference
Demand notice from MPHAR CA Certificate Daksh Enterprises Certificate https://www.vijayabank.com/Tender/Details/A/7611 Vijaya Bank 15 days sale notice. Vijaya Bank E-auction sale notice Architect Certificate
Wilful Defaulter - Syed Yasir Rizvi alias Syed Rizvi (Yasir)
https://www.vijayabank.com/Tender/Details/A/7611VIJAYA BANK (A Govt. of India Undertaking) Bilekahalli Branch No.165, 1st Cross, Arikere, Mico Layout 1st Stage, Bangalore-560076 Ph. No. 080-26583792/26596673 bm1399@vijayabank.co.in / vb1399@vijayabank.co.in
It is notified for all concerned that the following property is secured in favour of Vijaya Bank, Bilekahalli Branch, and as secured creditor taken possession under SARFAESI Act 2002, will be sold by e-auction on 28/12/2018 “as is where is and as is what is basis” for recovery of Bank dues. This is a notice to the borrower/s, Mortgagor/s and to the guarantor/s of the below said loan about holding of E-Auction sale on the said date, if their outstanding dues are not repaid in full by the date of auction. NAME AND ADDRESS OF BORROWER/S, MORTGAGOR/S& GUARANTOR/S: 1. M/s. Canopy Estates Pvt. Ltd. Canopy House No.969, 5th ‘A’ Cross, HRBR 1st Block, Kalyan Nagar, Bangalore-560043 2. Mr. Syed Yasir Rizvi S/o Syed Nasir Rizvi No. C-302, CANOPY CITADEL, Agara Main Road, Babusapalya, Bangalore-560043 3. Mrs. Salama Rizvi W/o Syed Yasir Rizvi Represented by General Power of Attorney Holder, Mr. Syed Yasir Rizvi S/o Syed Nasir Rizvi No.C-302, CANOPY CITADEL, Agara Main Road, Babusapalya, Bangalore-560043 4. Mr. Mohammed Zahiruddin Ahmed S/o Syed Salahuddin Ahmed No.10, 1st Floor, Chandrahasappa Building, Grapes Garden, Horamavu Village, Bangalore-560043 5. Mrs. Veronica Mary Machado W/o Louis Machado, Represented by their power of attorney Holder, Canopy Estates (P) Lt. Rep. by Managing Director, Mr. Syed Yasir Rizvi Residing at Apartment No.404, “CASA BLANCA”, No.35, Norris Road, Richmond Town, Bangalore-560025 6. Mr. Alben Reynold Machado S/o Donat Louis Machado Represented by his power of Attorney Holder, Canopy Estates(P) Ltd. Represented by Managing Director Mr. Syed Yasir Rizvi Residing at Apartment No.404, “CASA BLANCA” No. 35, Norris Road, Richmond Town, Bnaglore-560025 7. Mr. Vincent Lawrence Machado S/o Donat Louis Machado Represented by his power of Attorney Holder, Canopy Estates (P) Ltd. Represented by Managing Director Mr. Syed Yasir Rizvi. Residing at “Rain Tree Hall”, Flat No.1B, 1st Floor, Rhenius Street, Richmond Town, Bangalore-560025 The under mentioned property will be sold by “Online e-Auction through website https://vijayabank.auctiontiger.net on 28/12/2018 for Recovery of an amount of (A/c No. 139908391000025) Rs.13,84,54,575.09(Rupees Thirteen Crore Eighty Four Lakhs Fifty Four Thousand Five Hundred Seventy Five and Nine Paisa Only) as on 30/10/2018 with further interest at contractual rate from 01.12.2018 + costs, charges and incidental expenses etc.
About Canopy Classic Project
Canopy Classic Location
Promised amenities as per Sales brochure
Amenities - Canopy Classic
- Landscape
- Landscaped Garden
- Indoor Games
- Indoor Games
- Carrom Board
- Chess
- Fitness
- Swimming Pool
- Gymnasium
- Jogging Track
- Outdoor Games
- Play Area
- Basket Ball Court
- Green Living
- Rain Water Harvesting
- Recreation
- Club House
- Eateries
- Cafeteria
- Convenience
- 24Hr Backup Electricity
- Safety & Security
- Security
Specifications - Canopy Classic
Structure
Seismic Zone II compliant, RCC frame structure, four towers with stilt level parking, Ground+9 floors. Solid concrete block masonry. All internal walls smoothly plastered with lime rendering
Flooring
Vitrified 2' x 2' Tiles flooring for living and dining area. Pre-Laminated wooden flooring in master bedroom area. Superior quality ceramic tiles flooring for other bedroom area. Anti-skid ceramic tiles flooring for kitchen, bathroom, balcony and utility. Vitrified / Anti-skid Natural stone flooring r common areas.
Kitchen
Granite platform with stainless steel single bowl rain board sink. 2 dado above platform area with ceramic glazed tiles. Electrical points for: Exhaust fan, Water purifier, Instant geyser, Electrical chimney 8 Washing machine in utility area
Main Door
Teakwood door frame with teak veneer door shutter on both side with polish 8 brass hardware
Other Doors
Hardwood door frame with Masonite shutter with both sides polished for Bedrooms and for toilets one side polished and other side with enamel paint. Powder coated aluminum UPVCE sliding door for living & bedroom balcony. Powder coated aluminum hardware.
Windows
Powder coated aluminum / UPVCE sliding windows with glass & MS Safety grills & mosquito mesh
Lift
One 8 Passenger automatic lift & one Service lift in each tower
Toilet Fitting & Accessories
Ceramic glazed tiles dado up to 7'. Washbasin with granite counter top in master bathroom, in other bathrooms with pedestal type washbasin White colored sanitary ware and CP fittings. Health Faucet. Concealed master control cock from inside. Electrical points for geyser 8 exhaust fan. Powder coated aluminum / UPVCE ventilators translucent glass
Plumbing
Al water supply lines Of CPVC / GI B Class Pipes, Sanitary / drainage lines Of PVC pipes
Painting
Interior: Emulsion Paint living & dining areas and in rest of the flat Oil Bound Distemper Exterior: Weather —proof paint and textured paint at selective places
Electricals
One television & telephone point each in living room and master bedroom Fire resistant electrical wires Elegant modular switches Electrical point provision for split AC in living / dining & master bedroom Power supply of 5KVW in every 3 bedroom flat.
Backup Generator
Stand-by generator for common facilities Backup power Of 1.5 KVA for every 3 bedroom flat
Water Supply
Round the clock, water supply
Find us on Social Media
You can also Email us at canopyclassicbuyers@googlegroups.com
Company Master Data – Canopy Estates Pvt Ltd
| CIN | U70102KA2005PTC038035 |
| Company / LLP Name | CANOPY ESTATES PRIVATE LIMITED |
| ROC Code | RoC-Bangalore |
| Registration Number | 038035 |
| Company Category | Company limited by Shares |
| Company SubCategory | Non-govt company |
| Class of Company | Private |
| Authorised Capital(Rs) | 50000000 |
| Paid up Capital(Rs) | 20000000 |
| Date of Incorporation | 23/12/2005 |
| Registered Address |
No. 969, 5th A Cross, H.R.B.R 1st Block, Kalyan Nagar Bangalore KA 560043 IN |
| Email Id | yasir@canopy.in |
| Date of last AGM | 28/09/2015 |
| Date of Balance Sheet | 31/03/2015 |
| Company Status(for efiling) | Active |
Directors/Signatory Details of Canopy Estates Pvt Ltd
| DIN/PAN | Name | DOB | Begin date |
| 02962163 | Syed Yasir Rizvi | 6-Nov-1974 | 25/02/2010 |
| 06874569 | Zahiruddin Ahmed | 10-Jan-1985 | 11/06/2014 |
Past / Present Directors of CANOPY ESTATES PRIVATE LIMITED (U70102KA2005PTC038035)
|
Syed Yasir Rizvi DIN: 02962163 S/O SYED NASIR RIZVI 969 5A CROSS HRBR 1ST BLK, KALYAN NAGAR BANGALORE, Karnataka India 560043 DOB: 06/11/1974 syrizvi@hotmail.com |
Appointed on 25/02/2010 As Managing Director |
|
Syed Faisal Rizvi DIN: 01127670 S/0 SYED NASIR RIZVI CANOPY HOUSE, NO-969, 5 A CROSS H.R.B.R., 1ST BLOCK, KALYAN NAGAR BANGALORE, Karnataka, India 560043 DOB: 12/09/1971 subrata@canopy.in |
Resigned on 25/02/2010 from MD |
|
Mahmood Mir Mujahid Ali DIN: 02951331 S/0 Mir Rashed Ali 9-4-86/132/3/A, Salarjung Colony, Hyderabad, Andhra Pradesh, India 500008 DOB: 17/11/1971 mujahidm@comcast.net |
Appointed on 25/02/2010 As Non-Executive Director Current Status: Resigned |
|
Bharat Fatehchand Madhwani DIN: 02807027 S/0 Fatehchand Parmanand Madhwani 103-B Queens Corner Apts Queens Road, Bangalore Karnataka India 560001 DOB: 20/01/1966 bharath@canopy.in |
Appointed on 15/07/2010 As Independent Executive Director Current Status: Resigned |
|
Cyriac John Joseph DIN: D00525183 S/O K J Joseph NO.457, 1st Cross, 1st Stage Indiranagar, Bangalorem, Karnataka India 560038 DOB: 12/03/1969 cjj@rediffmail.com |
Resigned on 25/02/2010 |
|
Ashoke Manoranjan DIN: 01059969 S/O Madan Mohan Luthra #909 2'C'Cross 9'A'Main HRBR I Kalyan Nagar Bangalore Karnataka India 560043 DOB: 10/09/1970 |
Resigned on 27/05/2009 |
|
David Warren Peterson DIN: 02978780 S/0 Dean Warren Peterson 325 Arlington Avenue Naperville IL 60565 AET@wideopenwest.com |
Appointed on 22/04/2010 Current Status: Resigned |
|
Kushagra Singh DIN: 06978010 S/0 Basant Singh Bunglow NO-117 C I PARK View Danish Kunj Kolar Road Bhopal, Madhya Pradesh, India 462042 DOB: 28/06/1973 singh.kush@ymail.com |
Resigned on 10/02/2016 |
Current Job of Syed Yasir Rizvi
Syed Rizvi (Project Manager) 773-634-5366 (Work), 815-218-2389 (Mobile) srizvi@jsheld.com, 222 W. Ontario, Suite 520 Chicago, IL 60654 https://jsheld.com/directory/syed-rizvi Extracted from the above link.
Biography
Syed has nearly two decades of technical seller-doer and business management/consulting experience gained by working as an environmental scientist/industrial hygienist while managing and performing Phase I environmental site assessments (Phase I ESAs). He has consulted on asbestos, mold, water intrusion, lead based paint screenings, radon, noise, indoor air quality projects in various public and private enterprises comprising of heavy industrial/manufacturing facilities, office/warehouse/commercial buildings, banks, hospitals, hotels, golf courses, agricultural land/farmsteads, and apartment complexes located throughout the US. Syed’s recent entrepreneurial exposure included overseeing two multimillion dollar residential real estate construction and development projects in the south Indian city of Bangalore. While overseeing these two projects, Syed’s company also got involved in the construction and establishment of a Turkish Consulate General, as well as contributed to the construction of a new United States Consulate General compound in Hyderabad, India.
Find us on Social Media
You can also Email us at canopyclassicbuyers@googlegroups.com
Review from Social Media
Review by Bharat Fatehchand Madhwani - Ex Director of Canopy
https://www.mouthshut.com/builders-and-developers/Canopy-Estates-Bangalore-review-otmrnsonppnThe articles / reviews which are glorifying the owners of Canopy may be genuine. But, is there a way to find out the genuinity of what is written? As far as the ground reality goes, I am seeing that the Canopy Group which has projects like Canopy Calyx, Canopy Crest, Canopy Classic, etc., these projects remain incomplete, although, they started years ago. The residents at Canopy Calyx complain that they are not given the BWSSB connections, OC, CC, etc. and the builder is absconding! Are these people starting new companies, announcing new projects, cheating people, abandoning the projects and company and agin starting new companies.? When will this end?
Review by other clients
https: //www.mouthshut.com/builders-and-developers/Canopy-Estates-Bangalore-review-rlponssusrI booked an apartment in Canopy Calyx Apartments (behind Lumbini gardens) in Feb 2007. We got the possession of the apartment only in Sept 2011. That too after a lot of pressure from the apartment owners and constant follow ups. They were following up regularly when payments were expected from our side, but once they got the last payment, they stopped further construction and work came to a standstill. As of date they still haven't completed the work mentioned on the agreement - like BWSSB connection, Club house, Gym. They made a lot of promises, but they never kept them. They did not even give the association money owed to it. Later we learnt they owe some money to the landowners as well. They mentioned they will convert the apartment from B-khata to A khata, which was never done. Every time they came up with some or the other dumb excuse not to get the work done on time. Also they made many basic mistakes in the plumbing design, because of which we had to endure plumbing and masonry work after moving in. And they never bothered to clean up - left it to the apartment owners to clean up mess created by them. He would get the first prize thousand times over. Another saying which comes to my mind thinking of how he has cheated us is " as slippery as an eel". He is all the above and more - sly and wily.
One Bangalore based Builder developer company is creating havoc with gullible customers. These builders run 3 companies headed differently, by 2 brothers, who are handling the operations. Canopy Dwellings / Canopy Estates / United something something.... First they have one company called Canopy Dwellings. They started projects in that company. Canopy Calyx is one of the projects in Hebbal. They did not complete the project. There is no BWSSB connection, No A Khatha/Completion Certificate, No Club House and many other things still pending. They sold all the flats in this project. They did illegal construction also to make more money. They built flats in the area which was designated for Club House. Every possible tricks to make money is used in this project. They sold flats of the landlord share that does not belong to them to some people and did not settle landlord payment just because landlords were poor farmers. They borrowed moneys from banks in name of their friends and used that money to maintain their lifestyle and then without bank knowledge sold that flat to somebody and took that money also and did not settle bank loans. They built illegal flats on the area designated for club house and gave those flats away to people whom they owed money. There is no lift facility to these flats also. After collecting all the money and the funds from everyone, they have abandoned the project completely. More than 60 people have invested in this project and are staying in the most pathetic conditions with danger lurking on their heads all the time. Now these customers are so fed up they are ready to collect more money and get the works completed by their own. Crores of rupees collected by the builders for all these facilities is lost. No one can help. The builders are so notorious. THEY threatened the customers of dire circumstances if the customers 'irritated' them. The builders have collected a lot of maintenance amount from the customers and not passed the same to the owners association. The builder revived an old company of theirs in the name of Canopy Estates and they transfer their new or upcoming projects to the new company from Canopy Dwelling. These projects are Crest in Kogilu and Classic in Rammorthy Nagar.Until 2013, this company was making promises to complete the project Calyx. Now they have completely abandoned.There is no hope for the ill fated customers. God knows what will be the fate of their new projects and the people who have invested in these projects. The builders like these find new companies and cheat people and make their money. Both brothers fond of living extravagant life style in public money. They have luxurious lifestyles with many cars, servants, etc. They have large get away homes nearby Bangalore. Lots of properties in some hill stations near Bangalore. Now they are starting one more new company with all Dubai money. If customers speak anything, then they like to give trouble by cancelling booking and not paying back amount. They also scare by saying that they are big people and these few lakhs means nothing to them. If civil suit or legal procedure is done then the person who will suffer is the customer. They will sit back and laugh. They have clout with police, politicians, local goondas, etc and also with the builders association/lobby CREDAI. Sometimes they also use threats of Dubai based links. With such people no one has courage to come in open and fight. Watch out before you trust these smooth talking people and invest your hard earned money in any of the projects promoted by any of their companies. A crow with peacock feathers will still be a crow only. These brothers will face the wrath of their God and the curse of the many people whom they have cheated.
Please think 100 times before investing in Canopy estates group. The Canopy group on Bangalore is run by Rizvi brothers in various names including, Canopy estates, Canopy hotels and resorts, Canopy dwellings, interstellar, united sustainable developments, etc. They talk and promise to the customers to get money, but they don't commit. All they do are false promises, dummy schedules, etc. There are about 120 people in Bangalore are crying thru reviews, WhatsApp, emails to the people including Mr Syed Yasir Rizvi, Mr Faisal Rizvi, Mr Zaheer, Mr kushagara Singh, Mrs Aarti etc.All these cheat minded people looted more than 100 customers money. Their office closed could not be contacted. Please think before having business with Rizvi family
Booked an apartment in Canopy Classic on 2010 and still not delivered. There were multiple reasons from builder time to time for the delay and none of his plans or deadlines were met. From last month, builder Syed Rizvi Yasir is absconding and their office is closed. Think 1000 times before booking an apartment with this builder.
Booked flat on 2013.not sure when will it finish.builders abscoding , office shutdown.terrible scenario now. Intially builder started keep on pushing the date.now they said they have no money to finish the building.all all peoples paid above 90 percentage of the of money. please dont believe lies of builders.
The Canopy Calyx project was supposed to finish and handed over in 2008 September; The semi completed project with out STP, BWSSB connection, GYM or club house and without A-khata was left to the owners in 2012. No compensation to the owners were given though mentioned in the sale agreement. The builder has abandoned project fully now (2013) without completion of above tasks and started a new firm called Canopy Estates which was previously known as Canopy Dwellings. They don't have good ethics and very good at manipulation and giving reasons. There are 2 brothers and they keep blaming each other for the current situation in this project and totally washed off their hands off. Think twice when you hear the brand Canopy or Rizvi brothers.
The builders have abandaned the project.Beaware He has taken the investors money who have paid more 85% of the amount. The project was to be completed Dec 2014 andstill only 60% complete. The Office is shut. The other Directors Zahir and Kushagra Singh and the entire staff are missing. There are other projects which also are not completely done and there also I believe the customers are really unhappy.
They had cheated 100 plus clients they delayed the project and not completeing flats . Md sayed yasir risvi taken all clients money and he is absconding now. Dont do business with canopy estate and his associated company intersetallar . One more md named zaheer is also absconding
"A customer is the most important visitor on our premises. He is not dependent on us. We are dependent on him. We are not doing him a favor by serving him. He is doing us a favor by giving us an opportunity to do so." We gave an opportunity to Canopy estates and we are doomed now. Prospective customers, beware . Its your hard earned money! Find another project to safeguard your peace of mind and money.
Not a single project completed 100%. Classic and signature abandoned and money looted. Lies being told again and again. Quality too low. Only interest is yo collect money. It's been 8 years for classic project but to no avail. Clients gave lost money and hope.
Before investing your hard earned money in the company which runs by Rizvi brothers please think twice and do a proper research. Rizvi brothers run multiple companies, CANOPY HOTELS AND RESORTS PRIVATE LIMITED, RIZVI BUILDERS(BANGALORE) PRIVATE LIMITED, CANOPY DWELLINGS PRIVATE LIMITED, UNITED SUSTAINABLE DEVELOPMENTS PRIVATE LIMITED, CANOPY DEVELOPERS PRIVATE LIMITED, UNITED CORPORATE REAL ESTATE ADVISORY PRIVATE LIMITED, Canopy Estates. They start one company and make it popular. Once the money starts pouring in. They will create the other company and transfer all the funds to the new company. After that one brother will resign and other brother will take over and blames each other for the chaos. Before investing your money please I request you to come and canopy classic which is in Rammurthy Nagr and speak with the client and you will know the horror story. According to the own brother(Syed Yasir Rizvi) of Syed Faizal Rizvi Managing Director of United Sustainable Developments( unidev.in), Mr.Faizal Rizvi is responsible for all the mess in the Canopy Classic. If you want to have a peace of mind stay away from the company run by these brothers. You can also search for Canopy Calyx and you will know the truth. According to Syed Yasir Rizvi even in this building, his brother Syed Faizal Rizvi Managing Director of United Sustainable Developments( unidev.in) had created the mess after much struggle he has fixed it.
Find us on Social Media
You can also Email us at canopyclassicbuyers@googlegroups.com
Canopy Classic Buyers Facebook Feed
Canopy Classic Buyers Twitter Feed
Tweets by classicbuyersFind us on Social Media
You can also Email us at canopyclassicbuyers@googlegroups.com
Syed Rizvi's whatsapp chat with Client
Yasir Managed to dodge for nearly one Year
03/02/2017, 10:01 am - +91 99000 85750 Syed Rizvi (Yasir): As mentioned in my last revent update and in person mtg at site, I'm working to put investors back on track and revive project asap. Need time and schedule flexibility to complete this. Will be in touch often and do the needful so that everyones is benefited 07/02/2017, 5:27 pm - +91 99000 85750 Syed Rizvi (Yasir): Going to investor mtg in Saudi around 20th. And other foreign entities/investors coming around March 8th.....a good update will follow asap. 07/02/2017, 5:35 pm - +91 99000 85750 Syed Rizvi (Yasir): As i mentioned earlier, im trying multiple sources. Work will start in March through internal accruals and these investors funds will augment at the earliest possible time. 17/02/2017, 8:17 am - +91 99000 85750 Syed Rizvi (Yasir): Yes parallely we are doing as much ground work as possible right now....we will start work by mid March from project accruals and Investor funds will join in 21/02/2017, 3:00 pm - +91 99000 85750 Syed Rizvi (Yasir): Vasant Sir pl don't worry....we are proposing to dilute stake and in a way offering franchise/partnership in a way everyone does while growing an organization 25/02/2017, 10:22 pm - +91 99000 85750 Syed Rizvi (Yasir): Dear Sir, we could meet by either 11th or 18th. Our investors are following me to visit BLR rom March 5th to approx 10th. Thereafter I need a few days to process and formulate the plans. 02/03/2017, 4:59 pm - +91 99000 85750 Syed Rizvi (Yasir): I'm in Delhi from tomorrow until Mon to welcome guests. And then from 8th is their BLR visit for few days. As I mentioned earlier pl give me time to confirm our mtg after investors leave and I'm able to blend their investment plan with our construction plan. Best regards 05/03/2017, 3:32 pm - +91 99000 85750 Syed Rizvi (Yasir): Sir glad to see your msg. I have against a declining market since late 2015 thought about each day positively. Efforts are bearing fruit and we will complete the project asap and within 2017 09/03/2017, 2:04 pm - +91 99000 85750 Syed Rizvi (Yasir): Along with them we met 2-3 key ministers in Karnataka Govt to get confident about Bangalore and India in general 17/03/2017, 7:54 am - +91 99000 85750 Syed Rizvi (Yasir): Material procurement for plastering, grill fabrication, external primer and plastering will start today onwards followed by other additions in scope 18/03/2017, 6:25 am - +91 99000 85750 Syed Rizvi (Yasir): Pl support and give us your likes on FB, create a +ve buzz for our project 18/03/2017, 8:39 am - +91 99000 85750 Syed Rizvi (Yasir): GM, thanks. We are in the process of creating value for this venture. For the foreigners to participate they have to buy shares from me. The realization thus received can be used for anything by me or Canopy. Is this logical enough Rupesh Ji? 18/03/2017, 8:42 am - +91 99000 85750 Syed Rizvi (Yasir): Landlords are known to me. They are willing to work along as JV partners so that their land value is unlocked too. This is still work in progress. If I had lots of cash reserves for new projects I would rather finish the Classic project and such communications 18/03/2017, 8:47 am - +91 99000 85750 Syed Rizvi (Yasir): You being a banker, I'll discuss and hope to convince you. Once these entities buy shares and participate in venture; there's already several leading Pvt Equity players who are willing to give investments into this scheme. Eventually the new entity will go public too. All this will give me enough flexibility to start a new chapter after finishing Classic. 18/03/2017, 4:28 pm - +91 99000 85750 Syed Rizvi (Yasir): We have already started some works and will build up the momentum each week as we reach May/Jun when we will start seeing the inflows from our SPV. 21/03/2017, 6:58 pm - +91 99000 85750 Syed Rizvi (Yasir): Fabrication of grills, primer on external plastering. Plastering to start from Thu; pl await a formal update that my staff are working on. 01/04/2017, 11:06 pm - +91 99000 85750 Syed Rizvi (Yasir): $2 million is to start....by purchase of part equity.... 01/04/2017, 11:16 pm - +91 99000 85750 Syed Rizvi (Yasir): Foreign investors have nothing to do with Classic. I have explained the modality of funding it this group plus on-site plus to some key folks who can understand such deals like Mr Rupesh 20/04/2017, 11:37 am - +91 99000 85750 Syed Rizvi (Yasir): Saudis signed yesterday at my CA. Brazilian asap 28/04/2017, 6:48 pm - +91 99000 85750 Syed Rizvi (Yasir): We will increase Civil workers/tile layers once first batch comes to site post client choices. Mrs Aarti will circulate a format of new tile selection by Sat/Monday 28/04/2017, 6:57 pm - +91 99000 85750 Syed Rizvi (Yasir): Once tile order is placed, we will meet/review 27/05/2017, 2:48 pm - +91 99000 85750 Syed Rizvi (Yasir): Dear all, if you correlate the recent completion projection tasks/timeframe shared with you all with my updates on this platform and site activity, you will notice by and large we are in sync with the timelines except a 2-3 week impact in tiling bcos of tile selections and delivery schedule by vendor. Therefore, pl continue your support and we will continue to move forward too in as expedient way as possible. Needless to say myself and Team are on the job every day and handling many things including cash flow generation etc oriented towards completion milestones. Rgds 06/06/2017, 9:33 pm - +91 99000 85750 Syed Rizvi (Yasir): Noted and will look into it. Also, no further wastage of time since first batch tiles are already ordered and vendor will take another week to deliver 07/06/2017, 2:33 pm - +91 99000 85750 Syed Rizvi (Yasir): Dear Sir, it is an ongoing process with due diligence between lawyers and CAs going on. Thus far things are positive. I shall keep you all posted. 11/06/2017, 9:15 pm - +91 99000 85750 Syed Rizvi (Yasir): As part of completion plans these are also earmarked. 11/06/2017, 9:16 pm - +91 99000 85750 Syed Rizvi (Yasir): Will confirm as soon as there's some positive developments to share after tiling starts 11/06/2017, 9:18 pm - +91 99000 85750 Syed Rizvi (Yasir): Lifts order placed with Schindler. STP work clarity within June. Electrical transformer etc in Nov. Vendor is same as IRS project. 12/06/2017, 9:54 am - +91 99000 85750 Syed Rizvi (Yasir): GM I'm checking regularly with vendor. Order has been placed and advance money paid. And you all are aware..... 12/06/2017, 10:27 am - +91 99000 85750 Syed Rizvi (Yasir): This weekend not possible. I'm fully occupied with works related to planning/shifting completion team from Crest IRS to Classic 12/06/2017, 10:35 am - +91 99000 85750 Syed Rizvi (Yasir): Plz let the works gather momentum and I shall confirm on meeting. I'm also scheduled/scheduling for entity level funding meetings simultaneously which is/would be the backbone of activity at site. 13/06/2017, 10:31 am - +91 99000 85750 Syed Rizvi (Yasir): Sir these minor slippages except tiling delay do not impact overall completion time frame. I'm pushing to make up time for tiling too as you will see in coming days 18/06/2017, 11:18 am - +91 99000 85750 Syed Rizvi (Yasir): GM, we are already adjusting to avoid delays due to festivals. Let the tiling work gather momentum and then let's meet for sure. 20/06/2017, 11:40 pm - +91 99000 85750 Syed Rizvi (Yasir): Will get back to you all as soon as these things are moving along. I'm currently out of town for fund meetings. 21/06/2017, 2:08 pm - +91 99000 85750 Syed Rizvi (Yasir): In light of the prevailing market conditions and our frank/forthright representations and explanations etc to you all, I'm going to continue to do whatever i possibly can. Having endured previous recessions also, I'm quite hopeful of success for all concerned. Rgds 21/06/2017, 10:02 pm - +91 99000 85750 Syed Rizvi (Yasir): Dear Sir, with all due respect what else do you wish for me to say? I have mentioned that as any normal company struggling with a slow down, we are the best we can and will complete the work, shared in fair detail how and slowly but surely have started the works/purchases then if that's still not convincing enough.....then what 😐 21/06/2017, 10:05 pm - +91 99000 85750 Syed Rizvi (Yasir): Earlier I said I'm out of town for fund mtgs - for the back up plan only..... 23/06/2017, 8:02 pm - +91 99000 85750 Syed Rizvi (Yasir): Awaiting critical vendor/contractor inputs for tiling related waterproofing works to be started followed simultaneously with tiling works etc. 01/07/2017, 11:37 am - +91 99000 85750 Syed Rizvi (Yasir): Vendors are working to understand and adjust to GST 01/07/2017, 11:41 am - +91 99000 85750 Syed Rizvi (Yasir): Most likely labour force will move in the weekend of July 7th or earlier. But will confirm. 01/07/2017, 12:16 pm - +91 99000 85750 Syed Rizvi (Yasir): Madam, first off I'm not in station but tying down funding as mentioned earlier which is the most imp matter for this project. And finally if I wanted to avoid anything, I would just not be on this group or respond. So relax, let me/us complete our work/plan and get this moving ahead. 04/07/2017, 3:10 am - +91 99000 85750 Syed Rizvi (Yasir): I'm working on this. Will update. Tiling+waterproofing+main door installation starting shortly.... 04/07/2017, 8:11 am - +91 99000 85750 Syed Rizvi (Yasir): I believe I have indicated I'm working with Jul 7th as a target to start 06/07/2017, 2:42 pm - +91 99000 85750 Syed Rizvi (Yasir): We'll definitely meet but looking through whatever I'm handling/involved with currently, possible sometime in early August only. 06/07/2017, 3:52 pm - +91 99000 85750 Syed Rizvi (Yasir): Assembling work force over the weekend and it will start... 06/07/2017, 11:58 pm - +91 99000 85750 Syed Rizvi (Yasir): Dear Madam, we all were not facing the economic downturn at that time which forced our contractor Jampana Constructions to bankruptcy and eventual expulsion from the Classic project site towards end of 2015 due to slow progress. And in May 2015 we were given Bank funding support which helped us run the show into early/mid 2016. 07/07/2017, 12:00 am - +91 99000 85750 Syed Rizvi (Yasir): Thereafter bcos of slow progress of 2015, several clients held back their payments and still we avoided long term litigation by settlement/closure of two contractors - one at IRS site in Sep/Oct 2015 and another at Classic site by Feb/Mar 2016. 07/07/2017, 12:02 am - +91 99000 85750 Syed Rizvi (Yasir): So everyone has suffered in this process. And still we have over 10+15Cr (and over 70Cr of unsold, to be built inventory in Crest Signature) of ready to nearly ready inventory to work with/leverage against. 07/07/2017, 12:04 am - +91 99000 85750 Syed Rizvi (Yasir): At least we have assets to leverage by liquidation and intent to finish....plz support us for the same 07/07/2017, 12:05 am - +91 99000 85750 Syed Rizvi (Yasir): Due to a weak market, we have just not been able to liquidate assets in a timely manner....but that's not an unsolvable problem in the long term..... 07/07/2017, 3:32 pm - +91 99000 85750 Syed Rizvi (Yasir): Will be starting from Monday/Tuesday. To begin with waterproofing works in bathrooms - an initial step of laying tiles....followed by actual tile laying activity. 07/07/2017, 9:31 am - +91 99000 85750 Syed Rizvi (Yasir): GM, i'm on the job. Have been replying almost the whole day..... 07/07/2017, 3:45 pm - +91 99000 85750 Syed Rizvi (Yasir): Let the Supervisor/Workers give feedback after surveying...most likely B Block lower floors. Will share 10/07/2017, 10:18 pm - +91 99000 85750 Syed Rizvi (Yasir): B lowrer floors first....then focussing on lower floors in C/D. Arranging to deploy a material shifting lift to speed up tile/material movement to upper floors as needed. 11/07/2017, 9:06 pm - +91 99000 85750 Syed Rizvi (Yasir): Main door vendor settled out so we will be able to get better control of each flat while tiling goes on 22/07/2017, 6:14 pm - +91 99000 85750 Syed Rizvi (Yasir): Sir, with increased work force building up, increased investor funding, our focus on Classic BCD blocks, existing client support incl some pending payments of 80-90L due as per current stage, new inflow and new sales as per progress, i feel it is possible to envision completion. 27/07/2017, 10:29 am - +91 99000 85750 Syed Rizvi (Yasir): Good morning, as some of you have seen during last weekends site visit, progress is being made towards the milestones based goals. 27/07/2017, 10:30 am - +91 99000 85750 Syed Rizvi (Yasir): Tiling work although started is lagging behind due to a delayed start. We intend to make up time soon. 27/07/2017, 10:30 am - +91 99000 85750 Syed Rizvi (Yasir): Once actual tile activity starts, we will be able to revisit completion targets and update you all. 27/07/2017, 10:31 am - +91 99000 85750 Syed Rizvi (Yasir): Until then pl bear with us since we are into several imp fund related works. Rgds 01/08/2017, 8:01 am - +91 99000 85750 Syed Rizvi (Yasir): Thank you Sir; pl note there is immense pressure of work and finances on me right now. And I'm supposed to continue producing results at the site so I request a mtg be done at a time in the near future when work is at optimum speed and when investor finances are within my grasp (shortly). Otherwise we all know a mtg will certainly be futile 🙁 01/08/2017, 7:11 pm - +91 99000 85750 Syed Rizvi (Yasir): I'm trying my best and we are producing results against some significant hurdles. If the intentions were wrong, our real time interaction and activity at the site will not be there. 05/08/2017, 4:43 am - +91 99000 85750 Syed Rizvi (Yasir): 👆🏻Good morning! I'm very much in BLR and working on project + fund solutions 24/7. Pl understand these are tough times industry wide and we all can find solutions and project success through step by step resolutions until we achieve project completion. I/we appreciate your support while we are enhancing the work pace at site. Further fund/investor infusion will definitely help us 05/08/2017, 10:34 am - +91 99000 85750 Syed Rizvi (Yasir): GM, I have said just yesterday that investor funds are within sight....pl try to read my answers as I too try to respond to every query. 10/08/2017, 10:21 am - +91 99000 85750 Syed Rizvi (Yasir): Saudi partners have been inducted recently - July 22nd. Pl await further develipments/update. 12/08/2017, 5:37 am - +91 99000 85750 Syed Rizvi (Yasir): Due to Rakhi festival, we had some workers taking time offf 12/08/2017, 6:21 am - +91 99000 85750 Syed Rizvi (Yasir): Like all businesses enduring these times, this is a temporary phase. By all means we are not two people. Actual work on the site is done by contract workers, our small office team is doing the best in the circumstances. 12/08/2017, 11:22 am - +91 99000 85750 Syed Rizvi (Yasir): Yes I am in touch with the DGM. Will be sending the required info. It's new client based support, not project loan so I'm hopeful. 14/08/2017, 9:11 pm - +91 99000 85750 Syed Rizvi (Yasir): Have repeatedly said we are short staffed; I have also given some imp marketing/sales tasks to Zaheer which he's nearly done with. 20/08/2017, 8:17 am - +91 99000 85750 Syed Rizvi (Yasir): We all have a commercial transaction here backed by financial instruments and legal framework. We have complied with applicable laws and have not stolen anyone's money. Yes, the specific project is impacted bcos our other inventory has not offloaded in a timely manner and Canopy Crest Signature project is stalled thereby restricting cashflow, so then do myself and my team can be labelled as criminals for that? Don't they see the actual criminals running amok like Mallaya etc. While we are trying our best to complete our obligations and being as transparent as possible! 23/08/2017, 4:22 pm - +91 99000 85750 Syed Rizvi (Yasir): Not really, I'm working through the upcoming holidays including being in Delhi on Bakrid for a potential investor mtg. Pl reserve such comments until we do go on vacation. Thnx 23/08/2017, 8:29 pm - +91 99000 85750 Syed Rizvi (Yasir): No one is mum Sir, I have said multiple times that other than larger fund infusion which I'm trying very hard for I do not have much new things to share in the meeting. Hope people review whatever I note here on this platform. Keep chipping against planned work targets and accelerate when infusion comes in. 25/08/2017, 2:20 pm - +91 99000 85750 Syed Rizvi (Yasir): Dear all, I have noted all your messages above and I have consistently replied to almost all such concerns many times before also. Kindly read my responses above and give me/us the time/support to deliver your flats. It is humanly difficult to repeat and articulate the same response every time 😐. And yes now that Crest IRS project is handed over (with no further fund deployment there), we are ready and willing to pump in money into Classic. Unfortunately the available units are nearly 2000+ sq ft and cost come near 1Cr so it is selling extremely slowly in the current stagnant market. In the absence of sale, the unsold stock also becomes a basis of investment discussions with small/big investors that im working with 24/7. Repeating again that Classic is now our top priority (we have stopped Crest Signature Phase II with a view to sell the project itself and raise capital for Classic) and we will get it done with a combination of internal accruals at Classic, Crest IRS sale proceeds and foreign/domestic fund infusion. Our current approach as given above will deliver us from this logjam, hope you all can see our efforts/intent. 29/08/2017, 5:39 am - +91 99000 85750 Syed Rizvi (Yasir): GM, a batch of tile workers are at site. We should be able to send pics of tile laying today 2nd half. 29/08/2017, 6:07 am - +91 99000 85750 Syed Rizvi (Yasir): Dear Sir, as briefed to several clients I have met and as I have indicated in this group multiple times, I will be more than happy to meet. However, im working to get a hold of funds for the project and rather close to it now. I have shared already almost every little update here. 01/09/27, 8:08 am - +91 99000 85750 Syed Rizvi (Yasir): GM pl give time until Mon/Tue to Yusuf considering Sat being Bakrid and Sunday. He will make confirmatory calls as and when possible for him 01/09/2017, 5:34 pm - +91 99000 85750 Syed Rizvi (Yasir): 👍🏻yes agreed; and just FYI I'm going to Delhi to meet an investor on Bakrid day tomorrow 01/09/2017, 5:42 pm - +91 99000 85750 Syed Rizvi (Yasir): We will mobilize the same and more from Crest assets, new investments, inventory sales and Canopy equity sale. 01/09/2017, 5:42 pm - +91 99000 85750 Syed Rizvi (Yasir): We will mobilize the same and more from Crest assets, new investments, inventory sales and Canopy equity sale. 05/09/2017, 8:17 am - +91 99000 85750 Syed Rizvi (Yasir): I have said earlier I will meet everyone once I'm successful with external funding which we are close to.....until that time and in the overall interest of project pl bear with us. 05/09/2017, 8:18 am - +91 99000 85750 Syed Rizvi (Yasir): The industry is in a painful status right now, we all need to be together to weather these hurdles for the sake of our project 05/09/2017, 8:25 am - +91 99000 85750 Syed Rizvi (Yasir): We were running three projects, one we have put on for sale (Signature) to generate funds for Classic. Other IRS has inventory which when sold will fund Classic. And foreign investors will also fund us. 06/09/2017, 10:41 am - +91 99000 85750 Syed Rizvi (Yasir): Yes I do so already.....however group mtgs must be productive and I'd like to present better news than what we discuss on this WhatsApp platform 06/09/2017, 7:17 pm - +91 99000 85750 Syed Rizvi (Yasir): Also I have mentioned to other clients, as soon as we get the fund lined up it will take us 4-5 months to start handing over units. 06/09/2017, 7:18 pm - +91 99000 85750 Syed Rizvi (Yasir): I'm very close to a good deal for Signature project, will update as soon as it's done 06/09/2017, 7:18 pm - +91 99000 85750 Syed Rizvi (Yasir): Foreign funds are a To 4-6 weeks out 08/09/2017, 10:00 am - +91 99000 85750 Syed Rizvi (Yasir): GM, pl recall I was out of station in July for investor mtgs. As on date some of RERAs corporate paperwork requirements are being finalized and we will register thereafter 08/09/2017, 3:03 pm - +91 99000 85750 Syed Rizvi (Yasir): A bit busy Sir but I have already replied about this. Delhi Mtg was positive, they will visit projects and confirm by 2nd or 3rd week Sep 12/09/2017, 5:38 pm - +91 99000 85750 Syed Rizvi (Yasir): Dear Sirs, such articles perhaps also offer an insight that there are many projects nationwide which are affected in the current downturn.In the end it will be the resolve/pragmatism of the promoter along with cooperation of clients which will see the projects through. As for RERA, we are not the only ones lagging behind in registration and there are over 50+ projects in BLR alone that I'm aware of. Notably, each day that list is reducing with new registrations taking place. Additionally, as part of the communications from my side, hope it is deduced that we are planning/doing things (such as external financial infusion, ongoing construction activity etc) that are part of RERA guidelines already.Lastly, I wish for the project to move ahead without significant legal wrangling between any of us. Since, if such legal activity starts/impacts, the near term project completion/resolution possibilities will fade away completely. 12/09/2017, 5:49 pm - +91 99000 85750 Syed Rizvi (Yasir): I'm continuously working on those 3-4 significant fund infusion aspects. Would share some good news on at least one front within Sep end 13/09/2017, 5:09 pm - +91 99000 85750 Syed Rizvi (Yasir): Dear Sir I have repeatedly mentioned fund infusion plans in great, transparent details. There are three solid avenues I'm exploring and they will be successful; it is a matter of time! 13/09/2017, 6:29 pm - +91 99000 85750 Syed Rizvi (Yasir): Clarifying for the benefit of other clients - you have not followed what I have said/proven thus far, the foreign companies are buying shares in a separate venture/entity. And it is still very much in traction, just delayed due to processing. Signature sale is a new line of fund raising and I have recently received two interim offers. We will close it asap and prove your allegations wrong. 13/09/2017, 6:31 pm - +91 99000 85750 Syed Rizvi (Yasir): I have said we will be registering. Given the cash strapped situation, if you really and truly feel working through the RERA option will help the project/end users such as yourself, I do not have a say! 13/09/2017, 6:56 pm - +91 99000 85750 Syed Rizvi (Yasir): I would be working on the RERA registration......amongst other things. 13/09/2017, 7:20 pm - +91 99000 85750 Syed Rizvi (Yasir): Hopefully before Sep end.....some inputs needed from our CAs 16/09/2017, 4:14 pm - +91 99000 85750 Syed Rizvi (Yasir): In the mtg I have mentioned 5-6 months of good construction progress to completion with any of the three routes of fund infusion - for which I've shared details. 16/09/2017, 5:45 pm - +91 99000 85750 Syed Rizvi (Yasir): I believe RERA registration of the project will give you/other clients the basis of further action, so I'm moving ahead with the RERA registration asap. 17/09/2017, 7:35 am - +91 99000 85750 Syed Rizvi (Yasir): GM, as a mid size company with modest financial wherewithal, we have been impacted negatively with the prevailing liquidity crisis (hopefully temporary!) which is also hurting other developers/businesses across India. As communicated many times, we are in the expedited process of mobilizing funds, sell available assets and until then continue to be available for any queries, keep the site active and moving towards completion target, as well as comply with provisions of RERA (to reassure clients with a view to handing over). 17/09/2017, 1:07 pm - +91 99000 85750 Syed Rizvi (Yasir): Sir, since RERA is a new regulation there are no experienced CAs as such. And since our CA paperwork is nearing completion so it's no longer a concern. 17/09/2017, 1:08 pm - +91 99000 85750 Syed Rizvi (Yasir): I've explained this earlier. Approx 12-13 Cr is the fund gap which we are trying to obtain thru Signature project sale, IRS inventory and foreign fund infusion 17/09/2017, 1:10 pm - +91 99000 85750 Syed Rizvi (Yasir): Sale/investment of small investors are currently running the show. We are working on liquidating IRS inventory asap 17/09/2017, 1:11 pm - +91 99000 85750 Syed Rizvi (Yasir): I have said this earlier that Vijaya Bank loan is 12.5Cr not 20. I have shared this in the group also. Incoming entity at Signature will clear the loan and also give us funds in hand for Classic 17/09/2017, 1:12 pm - +91 99000 85750 Syed Rizvi (Yasir): Documents are being prepared/reviewed/collated and our submittal will be by Oct 1st week or before. 17/09/2017, 1:29 pm - +91 99000 85750 Syed Rizvi (Yasir): Three plans all of which are in play and will succeed.... 1. Signature sale 2. IRS inventory 3. Foreign Funds 19/09/2017, 9:39 pm - +91 99000 85750 Syed Rizvi (Yasir): RERA work is not the usual stuff. And I've mentioned we are short staffed. Plus unless myself or Zaheer (Tue is his weekly off) verify we don't share in this group. 21/09/2017, 8:08 pm - +91 99000 85750 Syed Rizvi (Yasir): Thank you. I have been working on an email update. Hoping to share by Tomorrow/Sat. This will capture all that has been put forth recently. Also, folks are welcome to site, however our office has limited capacity (as experienced last weekend) and i may or may not be present due to out of office meetings/visits so..... And like I have said, we need to focus on our tasks with your cooperation and see this project through. Once we are RERA registered etc, I will have more time to update. 22/09/2017, 6:49 am - +91 99000 85750 Syed Rizvi (Yasir): Good morning! Last Sat again I have indicated that I'm fine with having monthly review mtgs with a set of client representatives apart from regular individual mtgs as the case maybe. Our office infrastructure is suitable for a max visiting group of 8-10 people. Additional folks visiting office in an unplanned manner will hamper operations/progress. Accommodating group meetings at project site is much effective with respect to progress discussions. And as it is my remaining staff is nervous about job/pay cuts, they don't need to be further troubled. And i certainly do not wish for us to go down a road wherein there's complete breakdown of system which would impact our efforts towards completion in most dire terms. In our last weekends mtg, we have mutually fixed some goals, pl give us the time/space to achieve them. 22/09/2017, 3:27 pm - +91 99000 85750 Syed Rizvi (Yasir): We are selling IRS flats although slower than planned and deploying money at Classic. Signature sale I have sought time until Oct end to formalize 22/09/2017, 4:20 pm - +91 99000 85750 Syed Rizvi (Yasir): Quick answer - IRS is out of the purview of RERA since we have handed over the project. Thus, all inventory sale proceeds are/will be available for Classic 22/09/2017, 4:24 pm - +91 99000 85750 Syed Rizvi (Yasir): Approx 8-9 Cr Inventory. We are not signing up for RERA for Crest IRS (project handed over) or Signature (since it will be sold) 22/09/2017, 5:19 pm - +91 99000 85750 Syed Rizvi (Yasir): Now we are into a good meaningful discussion 🙂. Some 8-9 flats were available. Let me recheck the numbers/total inflow and update by Monday. 25/09/2017, 6:22 pm - +91 99000 85750 Syed Rizvi (Yasir): Good evening; audit exercise is formally initiated. Report will be available by Oct 9th Fund discussions and their due diligence is going on 26/09/2017, 8:59 am - +91 99000 85750 Syed Rizvi (Yasir): I'm also busy with RERA registration work and Project milestone/cash flow planning 27/09/2017, 9:33 am - +91 99000 85750 Syed Rizvi (Yasir): Good morning, We are in final lap of RERA registration effort. State Govt has given barely a week to finish the same to all Karnataka Developers. While continuing to pursue the milestones, we extend our good wishes to all of you for Dusshera. 27/09/2017, 5:57 pm - +91 99000 85750 Syed Rizvi (Yasir): Pl hold your horses Gentlemen.....let me finish with RERA as mentioned above and you shall have the details you are looking for. There's approx 9+Cr of IRS inventory available. 27/09/2017, 6:31 pm - +91 99000 85750 Syed Rizvi (Yasir): Let me focus on RERA regn, project feasibility and fund arrangement plz. I shall revert back. Thnx 01/10/2017, 5:02 pm - +91 99000 85750 Syed Rizvi (Yasir): Worker strength is reduced due to Navratri/Dusshera. By Tue/Wed folks will be back to action. 01/10/2017, 5:03 pm - +91 99000 85750 Syed Rizvi (Yasir): RERA work in progress along with consultant and it will be done this week. Then project milestones and coatings will be rolled out 03/10/2017, 12:12 pm - +91 99000 85750 Syed Rizvi (Yasir): Two rounds of RERA official mtgs are over. We are working with a consultant to register asap within a week. After the weekend lot of paperwork is/was pending. 04/10/2017, 7:29 am - +91 99000 85750 Syed Rizvi (Yasir): RERA regn plus cash flow planning being worked on and will be shared. 04/10/2017, 8:00 am - +91 99000 85750 Syed Rizvi (Yasir): For RERA, we are working with consultant to separate BCD and A Block completion timeframe. 07/10/2017, 11:22 am - +91 99000 85750 Syed Rizvi (Yasir): Lodge application with due submittals and reveive RERA No. There is a rush to register to an extent where even Credai has sought time extension 09/10/2017, 9:26 pm - +91 99000 85750 Syed Rizvi (Yasir): Given order for lifts already....Genset is being sourced. 10/10/2017, 7:10 am - +91 99000 85750 Syed Rizvi (Yasir): GM by this weekend RERA registration 12/10/2017, 7:36 am - +91 99000 85750 Syed Rizvi (Yasir): Good morning! A consolidated email capturing our fund mobilization effort was sent as per requirements put forth in this group.Whoever missed it will get it today. But pl check in your spam folders too. Once RERA regn requirement is complied with, further information will be available. 12/10/2017, 8:06 am - +91 99000 85750 Syed Rizvi (Yasir): Yes I'm pushing them to do so but looking at Diwali holidays etc, other entities and their consultants doing their review work may push this into Nov 😐 12/10/2017, 9:16 am - +91 99000 85750 Syed Rizvi (Yasir): To folks who had visited, I have said the same 5-6 months. The Dec 2017 time frame was noted onto the conf room whiteboard by the clients prior to my meeting them. 12/10/2017, 11:32 am - +91 99000 85750 Syed Rizvi (Yasir): What i have currently is related to two negotiations with interested parties. Since this is whole project sale work in the pipeline, it's better we first let it come to fruition. 12/10/2017, 4:52 pm - +91 99000 85750 Syed Rizvi (Yasir): Welcome Sir. Just returning from my CAs office. It is being prepared as a conformance to RERA requirement. I shall share. 13/10/2017, 9:51 am - +91 99000 85750 Syed Rizvi (Yasir): Good morning! Sir as part of project acquisition they are validating project feasibility like built up area, pricing, specs, regulatory/legal paperwork etc - termed as due diligence. Once they are clear with these imp aspects, the deal will be finalized/effected with the help of specialized intermediary companies. 13/10/2017, 11:02 am - +91 99000 85750 Syed Rizvi (Yasir): Sir we have been incurring average 30-35L expenses per month routinely at Classic since over a year. This has been made possible by combination of sale/investor help. 13/10/2017, 11:02 am - +91 99000 85750 Syed Rizvi (Yasir): The other three funding routes I have mentioned will accelerate completion. 13/10/2017, 11:03 am - +91 99000 85750 Syed Rizvi (Yasir): All three or at least two of the three routes will work Sir. 13/10/2017, 11:04 am - +91 99000 85750 Syed Rizvi (Yasir): Signature sale not linked to RERA but fund infusion will be a part of it 13/10/2017, 12:00 pm - +91 99000 85750 Syed Rizvi (Yasir): For RERA regn the revised completion date is required to be certified from an architect/engineer. 17/10/2017, 11:28 am - +91 99000 85750 Syed Rizvi (Yasir): Another 99% more between Saudi and Brazilian entities 17/10/2017, 12:26 pm - +91 99000 85750 Syed Rizvi (Yasir): I have given fair amount of details of equity sale of Interstellar (and not CEPL) etc several times. The new company will engage affordable housing projects and as such will be valued at a premium which the new entities partnering with us will benefit from.If you don't read my messages and ask repeatedly the same question, you will have to excuse me this time.Our intent is clear as stated and demonstrated. If this is how you would react to clarity, it's better I share only macro level info. 17/10/2017, 12:57 pm - +91 99000 85750 Syed Rizvi (Yasir): The way it is structured the foreign entities are buying equity from Canopy in Interstellar. So equity consideration would be utilized in Classic easily. 25/10/2017, 7:06 am - +91 99000 85750 Syed Rizvi (Yasir): GM, sorry for a delayed response. Have been busy following up with consultants for RERA registration which we should complete this week. 27/10/2017, 10:53 am - +91 99000 85750 Syed Rizvi (Yasir): Good morning! Yes we will share once KK RERA accepts the application and issues the registration ID. Architect certification has come. Engineer and CA certificates awaited today for final review with RERA consultant and submission 27/10/2017, 11:46 am - +91 99000 85750 Syed Rizvi (Yasir): Sir Water proofing work for tiling, Balcony Grill work 27/10/2017, 2:11 pm - +91 99000 85750 Syed Rizvi (Yasir): Madam Canopy Calyx was a project done by an erstwhile sister company managed by my elder brother. Folks at Calyx know I was instrumental in finishing the project in 2011. Recently, we have completed Crest IRS and have given all promised facilities including STP etc. 27/10/2017, 3:27 pm - +91 99000 85750 Syed Rizvi (Yasir): Regarding Crest Signature sale, when that project has been shut since early 2016 and given the requirement of fund at Classic + slow/tough market it is better to sell it and bridge the gap. As mentioned we are working with two entities to sell our stake and I will confirm further when the deal paperwork is signed off which is the right thing to do. Until then we have to comply with applicable RERA law and keep pushing the project work ahead on available cash flow. 02/11/2017, 12:56 pm - +91 99000 85750 Syed Rizvi (Yasir): Madam, it is not one flat sale. It is a project sale. We are working with acclaimed, international level brokers and such deals take a minimum of 3-6 months to finalize. 02/11/2017, 12:58 pm - +91 99000 85750 Syed Rizvi (Yasir): Dear Mr Venkatram, this is a recent project in Kogilu, North Bangalore which we wish to dispose off for cash flow generation for completion of Classic. 02/11/2017, 1:09 pm - +91 99000 85750 Syed Rizvi (Yasir): We are selling our JV rights along with unsold inventory for a ready to launch/launched project with all NOCs and approvals. This has it's own value 02/11/2017, 4:48 pm - +91 99000 85750 Syed Rizvi (Yasir): Pl don't misconstrue my msg. I have said the Signature deal clock started months ago and we are in advanced stages 02/11/2017, 4:51 pm - +91 99000 85750 Syed Rizvi (Yasir): I was busy all day with three consultants finalizing the RERA submission 02/11/2017, 4:52 pm - +91 99000 85750 Syed Rizvi (Yasir): Getting consultants on to the site and certifying was an immense task. It is not merely a desk job 02/11/2017, 5:52 pm - +91 99000 85750 Syed Rizvi (Yasir): Sir for BCD Blocks approx 15 Cr is estimated and we should go well beyond that mark with Crest Signature sale plus Crest Phase I inventory and Foreign Funds. 02/11/2017, 5:53 pm - +91 99000 85750 Syed Rizvi (Yasir): Not really! And we need to keep moving ahead with tiling/internal completion so as many clients can move in asap 07/11/2017, 10:52 am - +91 99000 85750 Syed Rizvi (Yasir): Workpace at site continues to move ahead. And Crest Signature sale plus foreign fund infusion is being worked on. Let's keep focus on these..... 08/11/2017, 6:13 pm - +91 99000 85750 Syed Rizvi (Yasir):Pl note that I joined Canopy Estates Board in Feb 2010 after working 10 years in the US. And all these previous projects were part of an erstwhile company - Canopy Dwellings. The projects called Canopy Calyx and Canopy Monarch were completed/solved under my supervision. When me and my elder brother stopped working together that's when I stopped taking liability and contributing to his company's projects. This is well known in the industry and open to diligent validation. 08/11/2017, 7:15 pm - +91 99000 85750 Syed Rizvi (Yasir): There are some shortcomings in the application which the consultant will provide us a list tomorrow. RERA regn fee is to be paid which will also be communicated to us. I shall continue to update. It's a new law for everyone and many queries would be answered as we go forward. 09/11/2017, 8:50 am - +91 99000 85750 Syed Rizvi (Yasir): Signature deal clarification meetings are being done almost every week.I am focussed on the same right now since that is a core issue which will help solve this logjam.I have answered well intentioned queries to the best of my abilities and will continue. 16/11/2017, 7:52 am - +91 99000 85750 Syed Rizvi (Yasir): GM, RERA consultant has asked us to pay registration fee with a 300% penalty. We are currently making arrangements. Also, there have been daily visits to Crest Signature site and meetings to further the technical clarifications/sale aspects. This has kept me very busy. 16/11/2017, 8:33 am - +91 99000 85750 Syed Rizvi (Yasir): Registering late since notification was done abruptly in mid July. This is what Credai was trying to avoid by seeking time representing many builders 16/11/2017, 9:07 am - +91 99000 85750 Syed Rizvi (Yasir): They will pay only when Ministry of Company Affairs clears the inclusion of their name as a Director. This delay has been a problem for me too. 16/11/2017, 9:42 am - +91 99000 85750 Syed Rizvi (Yasir): Signature sale will conclude much earlier, I'm hopeful by December.MCA work completion also by mid Dec based on paperwork requirements/processing going on 24/11/2017, 2:56 pm - +91 99000 85750 Syed Rizvi (Yasir): Sir let me conclude and I will myself meet. Eloping? Not really. I may visit my Saudi partners for funding/next steps mtg. 29/11/2017, 8:56 am - +91 99000 85750 Syed Rizvi (Yasir): RERA/Signature sale - last mile and on full speed. 29/11/2017, 9:10 am - +91 99000 85750 Syed Rizvi (Yasir): Sir, I have said earlier and will repeat, it's possible when there's new money infusion from sale of Signature project to start with...... 29/11/2017, 10:04 am - +91 99000 85750 Syed Rizvi (Yasir): Let me pay the fee today/tomorrow, and get a physical hold of this acknowledgement and then definitely. 29/11/2017, 11:51 pm - +91 99000 85750 Syed Rizvi (Yasir): Cash flow has been tight but hasn't dried up completely, thanks to leveraging of inventory.Refer to my last email update; we are able to engage and convert all three listed options for liquidity. And also get RERA acknowledgement after paying the fee this week. 29/11/2017, 11:56 pm - +91 99000 85750 Syed Rizvi (Yasir): Yes so let me finish RERA registration and close Signature deal with one of the leading developers from Mumbai 30/11/2017, 10:49 am - +91 99000 85750 Syed Rizvi (Yasir): Yes this is from a small investor I have been courting.Vijaya Bank will only take back 12.5Cr since they only disbursed that so far. It was from this remaining 7.5Cr I wanted 5Cr to be given against some flats and they went thru their due diligence but somehow this was not successful. 30/11/2017, 2:30 pm - +91 99000 85750 Syed Rizvi (Yasir): Dear Sir, post RERA application logging we will meet. I will invite our vendors to attend mtg also.This Saturday being a national/religious holiday, we will be closed. 01/12/2017, 11:46 am - +91 99000 85750 Syed Rizvi (Yasir): Crest Phase I is not under RERA with flat handed over to association and approx 60 registrations done out of 86 flats. Several families staying there 01/12/2017, 11:49 am - +91 99000 85750 Syed Rizvi (Yasir): The other phase is Crest Signature and our development rights under the JDA is up for sale 01/12/2017, 11:51 am - +91 99000 85750 Syed Rizvi (Yasir): The stage of the Classic project BCD blocks is much closer to completion than many other builders who have perhaps intentionally cheated clients Today apart from two investor mtgs at IRS/Signature site, there is a religious importance for us. We will meet but later on plz. 02/12/2017, 9:19 am - +91 99000 85750 Syed Rizvi (Yasir): Delhi Investor invested in lieu of two Crest IRS flats. Boston still in play for funding Affordable Housing venture. 02/12/2017, 9:22 am - +91 99000 85750 Syed Rizvi (Yasir): Saudi Investor followed by Brazilian and then Boston folks. 04/12/2017, 5:28 pm - +91 99000 85750 Syed Rizvi (Yasir): KRERA application lodged....will update on their next steps. 07/12/2017, 6:32 am - +91 99000 85750 Syed Rizvi (Yasir): Good morning! KRERA will process and validate our paperwork within a 30-45 day window. Now that RERA application is lodged for the benefit of the client community/bankers and other financial stakeholders, I'm currently working to shore up new fund inflows and project investment, and we will continuing to plan and deploy funds towards finishing tasks. 07/12/2017, 1:06 pm - +91 99000 85750 Syed Rizvi (Yasir): By new fund inflow plans i meant the three sources i have described earlier and obviously some more as new situations evolve. Pl don't get confused.What I wanted to convey was that post RERA application procedure, I'm focussing back on fund inflow plans. Added the word 'new' bcos the fund once it comes would be new in the existing system. 07/12/2017, 6:51 pm - +91 99000 85750 Syed Rizvi (Yasir): As part of fund generation efforts in purview of RERA target, I'm mid way with high level NRI investor mtgs in Dubai followed by Saudi mtgs with new partners which I have pursued very hard along with Crest Signature deal. Upon my return back we will meet up. I have to back up the plans with money, so pl await success on this front. 08/12/2017, 8:40 am - +91 99000 85750 Syed Rizvi (Yasir): Good morning, Now that Canopy Classic KRERA application is lodged and macro level project information is shared, let there be a required level of understanding of this act on both the builder and client side. 11/12/2017, 5:08 am - +91 99000 85750 Syed Rizvi (Yasir): I'm unwell with cough/fever, pl give me a few days.. 13/12/2017, 5:24 am - +91 99000 85750 Syed Rizvi (Yasir): Good morning!We have handed over Crest IRS project to the Owners Association in last week of May. At the time both east and west towers were having one operational lift. The association is formed of approx 65 different owners whereas the rest of the flats (21 flats) remain unsold or belong to LLs share. 13/12/2017, 5:34 am - +91 99000 85750 Syed Rizvi (Yasir): Within Crest there are two phases - one is Crest IRS (Phase I) and the other is Crest Signature (Phase II). Crest IRS is finished and awaiting OC. Crest Signature is at commencement certificate stage and will be sold to another developer to raise cash for Canopy Classic. 13/12/2017, 5:38 am - +91 99000 85750 Syed Rizvi (Yasir): Mr Venkat, as you may check from any other builder, this stage of construction is known as Commencement Certificate stage (CC). This stage facilitates any take over of construction of structure and thereafter finishing of the building since foundation and basement roof is done 13/12/2017, 5:42 am - +91 99000 85750 Syed Rizvi (Yasir): Yes that's why post RERA application I'm focussing to close the financial part with all available resources. 13/12/2017, 5:47 am - +91 99000 85750 Syed Rizvi (Yasir): For Crest Signature deal, while I have mentioned it here for assurance purposes, I need its isolation to take it to closure. Pl do not venture on to the project and start inquiring as a detective would.If the ongoing deal gets delayed or falls through, the damage will be everyone's. 15/12/2017, 5:50 am - +91 99000 85750 Syed Rizvi (Yasir): Good morning! Working on the final leg of my trip in keeping with fund infusion plans shared earlier. So far mostly everything is in order and is nearing culmination. Accusations of an early Christmas vacation etc are quite irritating to say the least since we all know it is not Christmas or New Year yet. 19/12/2017, 5:14 am - +91 99000 85750 Syed Rizvi (Yasir): Our Axis Bank Classic account is submitted as the designated escrow account. KRERA has to validate/confirm. 20/12/2017, 5:42 pm - +91 99000 85750 Syed Rizvi (Yasir): Dear all, my trip has been very good and promising as per plans shared with you all. Once I'm back we have to take up several procedural steps agreed between Saudi entity and CEPL. But as per my lawyer's handling Crest Signature matters there was a civil/criminal case filed last Friday/Saturday against me/CEPL which seems to be motivated by old antagonists. We are trying to ascertain what exactly is going on and continue to negotiate with the intermediaries. Even for Classic I've been enduring some local police and strongmen issues. I have requested and again request that such actions not be taken up otherwise how we will be able to work? We will resolve these matters and shall update all. 20/12/2017, 6:35 pm - +91 99000 85750 Syed Rizvi (Yasir): Agree Sir, but I know this can be solved. Only issue is for people not to ask about my exact whereabouts/return date and then send me/us to jail, then no one benefits. 20/12/2017, 8:47 pm - +91 99000 85750 Syed Rizvi (Yasir): Sir it's a temp situation until resolved by our Advocate. And there's no such WhatsApp group for Crest Signature since a majority are investors there. As of my now return date is moved to Jan 1st week from Jeddah, Saudi Arabia via Abu Dhabi. 21/12/2017, 7:08 am - +91 99000 85750 Syed Rizvi (Yasir): Good morning! New venture partners are Saudis introduced through a friend. I've come to seek money here for investment. 22/12/2017, 1:04 pm - +91 99000 85750 Syed Rizvi (Yasir): We need time to resolve police matter so that we are able to continue operations without hurdles. Courts are on winter break and difficult to get their intervention during this time. 22/12/2017, 7:30 pm - +91 99000 85750 Syed Rizvi (Yasir): Anyway, enough said. My lawyers will resolve this police matter post courts open by Jan 2nd or so. We will finish the Crest Signature transaction thereafter in my presence. 22/12/2017, 10:02 pm - +91 99000 85750 Syed Rizvi (Yasir): The police complaint refers to me and Zaheer so we have been away until this is resolved when the courts open by virtue of a stay on the proceedings due to this being a civil matter of project delay being pushed as cheating. 22/12/2017, 10:25 pm - +91 99000 85750 Syed Rizvi (Yasir): Lawyers need maybe two days once court opens in Jan 1st week. I'm rescheduled to return on 7th. Thereafter we will file counter case and solve these external problems. And yes i have had concluding investor mtgs for the affordable housing venture. Our main Saudi investor is a bit aged to travel to BLR but has sent his son twice. These funds will help us bridge the gap in Classic. 22/12/2017, 10:47 pm - +91 99000 85750 Syed Rizvi (Yasir): As per my Advocate it would be either a court stay and/or an ancipatory bail Sir. 22/12/2017, 11:02 pm - +91 99000 85750 Syed Rizvi (Yasir): I left on 8th while seeing that window, a complaint was lodged on 14 or 15th. 24/12/2017, 8:32 pm - +91 99000 85750 Syed Rizvi (Yasir): Lawyers will do their bit once courts open and I'm scheduled to arrive on 7th and thereafter resume work from 8th. So I mentioned 2nd week. 25/12/2017, 1:58 pm - +91 99000 85750 Syed Rizvi (Yasir): I'm trying to figure out the steps to address the issues with Canopy Crest Signature stakeholders pre and post arrival. This will also link in to Canopy Classic completion plans 25/12/2017, 2:41 pm - +91 99000 85750 Syed Rizvi (Yasir): I meant from a legal standpoint for my return and eventually a financial perspective for us to arrange fund from for Classic as one of the three viable options mentioned to you all. 29/12/2017, 6:11 am - +91 99000 85750 Syed Rizvi (Yasir): Good morning! Saudi investors will deploy funds once Ministry of Company Affairs clears their participation. They have sent token of 12L (1%) to show their willingness to participate in proposed venture. Crest Signature sale/transition talks/steps took an unpleasant turn earlier this month and currently I'm working with intermediaries to ensure that the stakeholders posturing/drama gets over asap. As mentioned by Jan 1st week the legal limitations will be removed for my return to BLR and I shall push to conclude deal. 29/12/2017, 9:11 am - +91 99000 85750 Syed Rizvi (Yasir): Agree and post investor mtgs I'm trying v hard for resolutions at BLR level 29/12/2017, 9:49 am - +91 99000 85750 Syed Rizvi (Yasir): I will confirm the facts again since you selevlctively read or ignore my msgs here. 17 Crest IRS flats are already under Vijaya Bank loan/charge apart from Crest Signature stock (and yes the Bank has valued the assets at 44Cr). This is the exact value proposition being informed/worked with a new Developer for the benefit of Classic cash flow. Once the project transaction is done and Vijaya Bank loan is closed, the Phase I inventory will also be freely available to sell and raise capital - i have already indicated this several times as one of the routes to get funds. 03/01/2018, 4:55 pm - +91 99000 85750 Syed Rizvi (Yasir): Pl await my confirmations after a few days of resuming work at BLR say by Jan 11th or 12th.Due to the nature of matters involved I will update once I'm there and aligned with legal/financial team. 06/01/2018, 7:01 am - +91 99000 85750 Syed Rizvi (Yasir): Sir, right now I'm focussing on being there in person to resume work first. I'm not able to sign paperwork/vendor cheques if i cant physically be in office. Ongoing legal matters will become clearer to me and I shall update you all. 06/01/2018, 12:00 pm - +91 99000 85750 Syed Rizvi (Yasir): After receiving a stay on the complaint I will share by mid next week. Pl understand the courts were on winter break until Jan 2nd 07/01/2018, 6:37 am - +91 99000 85750 Syed Rizvi (Yasir): Hon’ble High Court of Karnataka - Case No. AA31/16 which has recently taken some negative turns. A police complaint has been put in a particular police station. As discussed I shall update after arrival and resolutions on or before next weekend. Let me sort this out and get back to you all. 07/01/2018, 9:56 am - +91 99000 85750 Syed Rizvi (Yasir): I have been wanting to return and face the music but since the courts were on winter break, my lawyers have advised to come from Jan 8th onwards. 07/01/2018, 8:48 pm - +91 99000 85750 Syed Rizvi (Yasir): If this is what is waiting for me there my lawyers have advised me against returning right now. 07/01/2018, 8:50 pm - +91 99000 85750 Syed Rizvi (Yasir): I had confirmation from my Saudi partners for infusion of remaining 11.88 Cr. 07/01/2018, 8:57 pm - +91 99000 85750 Syed Rizvi (Yasir): I even completed one leg of my return journey; really unfortunate 07/01/2018, 9:05 pm - +91 99000 85750 Syed Rizvi (Yasir): Pl check with inspectors of both Yelahanka and Ramamurthy Ngr PS for complaints. 09/01/2018, 9:33 am - +91 99000 85750 Syed Rizvi (Yasir): And just FYI, Mrs Prema has filed a complaint to RM PS and has sought a refund. 09/01/2018, 9:33 am - +91 99000 85750 Syed Rizvi (Yasir): There's also a complaint given in Yelahanka PS. And these are the facts, I don't need to say anything otherwise.
There is no case filed in Hon’ble High Court of Karnataka by Case No. AA31/16. You will be able to verify it in http://karnatakajudiciary.kar.nic.in/CaseStatus_PartyName.aspx There is no FIR filed in Yelahanka Police Station or in RM Police Station You will be able to verify it in https: //ksp.gov.in/fir.aspx
Accused(s) Syed Yasir Rizvi alias Syed Rizvi threatens innocent client
On various occasion, using multiple tactics Syed Yasir Rizvi alias Syed Rizvi threatened innocent clients. 08/11/2017, 6:17 pm - +91 99000 85750 Syed Rizvi (Yasir): Sir, pl do not ignite negativity here. Not everyone can afford protracted legal case/civil problems in this project which unfortunately I feel you tend to promote.
Find us on Social Media
You can also Email us at canopyclassicbuyers@googlegroups.com
No comments:
Post a Comment