cosmic urban young | Cosmic Group india real estate issues

Check the real estate projects issues of cosmic group full report:

Mr Sushant Muttreja worked as sub ordinate of Mr Vikas Raj Sharma in the biggest financial (MLM) company Sahara group from where they moved on to Earth Infrastructure and Growth Unlimited a real estate broking firm was formed and it started selling projects of Earth Infrastructures only .

After working with Earth, they got associated with another real estate company Imperia structures having fancy designations like Director/COO whereas they were selling products through Growth Unlimted only.
When the ARN infrastructure was to be dissolved over financial issues, Growth Unlimited was handed over project by their old associates of Earth and Cosmic Group was formed .

Still today , Growth Unlimited is sales arm of Cosmic group.
Since cosmic group didn’t had any experience in construction and real estate , they took credentials of a Construction company Quality constructions owned by Rajesh lamba and started quoting them as that of Cosmic group in early 2011 .
Cosmic corporate park 1 , Earlier ARN Globus Business park got into controversy as ARN had already sold entire project and then transferred land to Cosmic group.
Cosmic group started accepting fresh bookings on the same plot and in process was sold again .
Investors of ARN globus project are still to get refunds and cosmic is not taking onus of same , whereas ARN said that cosmic will take care of same as project was now with them.

This project has stalled construction , with super structure of only five storeys in Tower A are constructed so far in last five years ( Project launched in 2009 by ARN , Cosmic took control in 2011)

In July 2013 , NGT sealed project site for indefinite period over misuse of Ground Water, fate of investors is uncertain as completion of project is not seen in near future .

Cosmic Masterpiece, another project is sec 154 Noida is again in controversies over land deal and approvals of the project. This project was launched in 2012 and still there is no sign of construction to start.

Cosmic cruise was launched in noida extension in July 2013 and till date only 3D walkthrough and videos is what being shown to investors . Cosmic group is not having possession of the plot as still they have to make payments to actual land owner. Again this project is like a small plant under big trees , this project is surrounded by Big projects from established players .
Cosmic Urban young was also launched in 2013 with fanfare but its location is its biggest drawback.
Sec 22D Yamuna expressway has all prestigious names of Industry and is a very slow moving market .

Now it is known that Cosmic group never had construction status as Rajesh lamba came to know about their misdeeds and filed a case in High court regarding this cheating and Court has ordered in favour of Rajesh Lamba , credibility and competency of cosmic as builder has very big question mark.

Infact this misdeed has been reported extensively by newspapers and channels due to high profile personality involvement and innovative way to fool clients.

Over internet, there are scores of complaints about cosmic group and not only clients but brokers and employees are also victim of their harassment and fraudulent conduct.

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