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Lost 10 Lakhs in Prestige Group Real Estate - Shridhar from Karnataka Needs Help

Milind Vadjikar |1186 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Oct 05, 2024

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more

Asked by Anonymous - Oct 05, 2024Hindi

hi i am shridhar from karnataka. I ran into a problem. I invested 10 lakhs in a platform called Prestige Group Real Estate, but I could not get it back and lost everything. Sometimes I get depressed. He may die in a few days. Prestige Group Real Estate True or False. I have to pay another 10 lakhs to get back the 10 lakhs I deposited. Tell me what should I do

Ans: Hello;

Let me know whether you have invested in the properties offered by them or in their FD scheme.

Please consult a psychiatrist to fight depression.

We have rule of law. Nobody can take away your hard-earned money just like that.

You can seek recourse with Police for cheating, Karnataka RERA authority if it is pertaining to buying flat, RBI if it pertains to FD scheme.

If it was not a Ponzi scheme or some gambling, then you have to get your money back.

Don't lose heart. Be prepared to fight.

Prestige is a well-known developer firm listed on the stock exchange.

They will not risk their reputation for 10 L.

Asked on - Oct 05, 2024 | Answered on Oct 05, 2024

Sir I have some photos related to it. This is a commission based work. It should be explored. By exploring we get money through commission. Sometimes luxury comes with exploring. Then we can pay more money and get more commission. Same happened to me. All my work is done. I have applied for withdrawal. But 1 But not more than 15 lakhs should be withdrawn at a time. Withdraw more than that but we have to pay a fee for it. I am trapped because of this. I have already put 10 lakhs. No more security pee 10 lakhs can be withdrawn. But I have no money. I am asking you to know if this is true or not. Let me share with you how I have a photo of it.

Ans: I strongly suggest you should involve Police and/or seek a lawyer's help to legally get your money back.

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