IDEB has a project Whitefield in Bangalore called Tivoli... The project started in 2006 and the company (IDEB Parkway holding) have sold more than100 flats to people promising possession in 2007 and 2008.But the company has been delaying construction and even thgough all the buyershave paid more than 80% of the sale consideration, the construction and registration of the project is not underway.
Various public notices have been filed but the Company nor its MD - HS Bedi, have responded. The copany office, based in Sigma Tech Park, Bangalore, just has a few staff left and none of these people answer any of the questions posed by the buyers nor provide information on where the Directors like Bedi or Gajra can be contacted.
Legal Notices have gone unanswered, Just Dial numbers are always in the busy tone and even the project loans sactioned by banks like HDFC have been defaulted.
The builder - IDEB and Parkway- owned by HS Bedi and Gajra are still walking free trying to cheat more people despite complaints. This further points to a strong political and illegal nexus between various banks and statutory bodies which have choosen to keep quite.
This further points to the sad fact that the laws of the country are there only to protect rich and powerful while the common man gets easily cheated of their hard earned money and savings by such fraudulent builders.
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