Axis Bank’s Presses Panic Button Issues Threat Letter to RNA Exotica flat-buyers

Mumbai, 30th August, 2016: To recover its Rs 100 crore project loan to RNA Exotica before it becomes a bad debt like BOI’s loan and SBI’s loan, Axis Bank is pressing the panic-button and threatening flat-buyers to immediately pre-pay large amounts (like Rs 25-50 lakh), forgetting about slab-completion schedules. Axis Bank has recently written strangely worded letters to RNA’s Skyline Construction Co in respect of each and every flat (see specimen), saying that unless the entire remaining amount of…

"Axis Bank’s Presses Panic Button Issues Threat Letter to RNA Exotica flat-buyers"

RNA Exotica: Nine ways buyers got screwed Royally !!!!!!!!!!!

Mumbai, 30 June 2016: Hundreds of savvy and well-educated flat buyers have purchased “luxurious” flats in RNA Exotica without noticing what their sale-purchase agreements clearly says: that RNA Exotica is actually a large and shabby slum rehabilitation scheme with a tiny island of rich flat-buyers. The rich people’s housing project is married and tied to the rehab component in the same undivided compound — a marriage made in hell! Not just RNA Exotica’s sale-purchase agreement,…

"RNA Exotica: Nine ways buyers got screwed Royally !!!!!!!!!!!"

RNA Corp teaches Exotic Arithmetic to Axis Bank! “One-two-ka-four, four-two-ka-one, my name is Lakhan”

Media Release: RNA Corp teaches Exotic Arithmetic to Axis Bank! “One-two-ka-four, four-two-ka-one, my name is Lakhan” 22nd June, 2016: When builder Anil Aggarwal’s Skyline Construction Co approached Axis Bank for a project loan for RNA Exotica in 2011, the bankers forgot simple arithmetic. On two separate instances — in 2011 and in 2013 — Axis Bank’s SME loans division gave loans of Rs 75 crore and Rs 100 crore against hugely inflated mortgages of floor…

"RNA Corp teaches Exotic Arithmetic to Axis Bank! “One-two-ka-four, four-two-ka-one, my name is Lakhan”"

Press Release: Slippages & Shrinkages in RNA Exotica, Oshiwara

Press Release: Slippages & Shrinkages in RNA Exotica, Oshiwara 19th June, 2016: Welcome to RNA Exotica, a premium building project by Skyline Construction Co, owned by Saranga Anil Aggarwal, where deadlines keep slipping and the number of flats to be constructed keeps shrinking year after year. The number of flats to be constructed has dropped by at least 80 since the March 2011, and the project completion date has slipped by six years. Further shrinkages may lie ahead,…

"Press Release: Slippages & Shrinkages in RNA Exotica, Oshiwara"

NRI Couple Cheated by RNA Builders in RNA Regal Project Kandivali

Mumbai, 5th March, 2016: Last week, one of RNA builders’ thousands of cheated flat-purchasers sent the builder a legal ultimatum, and started taking steps for going to court after discovering that their promised 17th floor flat in RNA Regal, a project in Kandivali West, is the proverbial pie-in-the-sky! In February 2011, Sandeep Kothari and Apeksha Khabiya, a non-resident couple based in Doha-Qatar, booked a spacious 17th floor flat in RNA Regal, based on the builder’s promise…

"NRI Couple Cheated by RNA Builders in RNA Regal Project Kandivali"

RNA Corp. Choose to default Govt Bank BOI & SBI only and spared pvt banks and corporate which I find unusual

RNA Corp Pvt Ltd defaults, Bank of India takes possession of secured assets under Sarfaesi Posted onFebruary 20, 2016AuthoradminLeave a comment RNA Corp Pvt Ltd, a prominent Mumbai based developer, has defaulted in its commitments to Bank of India. After Mantri Developers, RNA Corp is major developer who has failed to pay its dues. Bank of India has issued a possession notice dated February 15, 2016 under the Securitisation & Reconstruction of Financial assets and…

"RNA Corp. Choose to default Govt Bank BOI & SBI only and spared pvt banks and corporate which I find unusual"