BEWARE BEFORE BUYING REAL ESTATE IN BANGLADESH

5 comments

Posted on Jul 22, 2014 in NEWS | 5 comments

Unscrupulous Real Estate Companies Cheat the Innocent Buyers in a systematic way

Realestates_Bangladesh

Mr. Alamgir, a mariner started buying a plot from AMIN MOHAMMAD LANDS DEVELOPMENT LTD in February, 2005 in their project, Green Model Town at Dhaka. He completed payment in 2007. Meanwhile they changed the plot location twice without informing him. In the year 2009 they called him and said that some payment was pending due to dishonoured cheques. He had to visit the Standard Chartered Bank a few times to prove that the cheques were really credited to the AMIN MOHAMMAD LANDS DEVELOPMENT LTD.

The company was working in a bureaucratic fashion – he used to visit their office – the corrupt staffs used to say that his file was then under audit and so on. At one stage they said “ok now the audit has been completed, he may take over the plot now”. Mr. Alamgir went to the office and to his surprise they then said that his file was lost.

After a furious exchange of words with their directors, they finally agreed to handover the plot. On 27thNovember 2010 their chief land-surveyor Ayub Khan measured the plot and he accepted the land measurement. Then he gave the surveyor some money to place the corner stones and his name plate. The surveyor did it happily. Still the demarcation stones the name plat exist.

Then it took some more time until when they handed over the land to him with a possession certificate on 9th April 2011 duly signed by one of their Executive Directors. The possession certificate identifies the location and measurement of the land.

Then goes some more years! Before last Eid-ul-Fitr they sent a letter inviting him for registration.
They took the registration fees saying that in 15 days’ time it would be registered. The also tempted the buyer that if the registration fee was paid then, their own architects would design the house for them free of cost.

Once the registration fee was given,’Micky-Mouse’ game started again. Finally it was only a few months ago (April 2014) when they called Mr. Alamgir’s brother to bring the registration deed. His brother read the deed and found that the land was not the same as it was handed over.

After a few days his brother was escorted by one of the company director to the new land. He found a land under water which is not identifiable and the development of the ditch is uncertain. We must not invest our hard earned money in such a Crook Company

5 Responses to “BEWARE BEFORE BUYING REAL ESTATE IN BANGLADESH”

  1. Capt. Nurul Hoque, 9th batch says:
    July 22, 2014 at 4:05 pm

    This kind of Story is common with Amin Mohammed Foundation. I am another victim with their Ashulia Model Town Project. My case is also not yet settled. I have paid all costs, fees, deed money, transfer fees, mutation fees as they asked, but they came back every few months with new claims. I had to visit their office few hundred times and sort out each time only to see another one surfacing in ever new form. My plot also been changed few times without taking my consent.

    Initially they named one area in that project as Mariners’ square and we jumped into it, only to find after booking a imaginary plot that this Mariners’ Square will take long time to hand over and we were advised to accept any alternative available plot. By that time many Mariners got hooked up and the journey to uncertainty began. Those who could impart some influence through any big shots many have got away, but many still waiting any possible end to misery.

    Very interesting, their office walls ans stairs cases are decorated with many important Hadidths (Hadis) which seem to mean only for the Customers and not for them. It appears all in AMIN MOHAMMAD LANDS DEVELOPMENT LTD Office are well trained to cheat people and cause immense harassment to Customers after they already pay what they are asked to pay for the Plot(s) and then take all for a very nasty round, waiting for as many to give up.

  2. Nazmul Alam says:
    May 28, 2017 at 11:48 am

    Thank you guys for sharing this type of cheating. I am planning to buy a plot from ashulia model town. This post helping me lot to interrogate their sells man. I am still waiting to hear the unsettled deal.

  3. Tuhin says:
    September 24, 2017 at 1:54 pm

    I was planning to buy plot from them but now hearing u ppls story I am shocked

  4. Mohammad Hassan says:
    February 20, 2020 at 5:17 am

    I still did not receive my plot even in 10 years after paying off for it. They changed the location twice for me as well. Amin Mohammad Group is a corrupt and criminal organization. They deceived thousands of people for many years. Unfortunately the founders and the management disguise their crimes in the name of Allah showing as pious saints. I hope the AMG owners burn in hell for their crimes against innocent people.