Finance company issues notice to Jaycee Homes

Fresh trouble for JVPD Properties Private Limited (Jaycee Homes) and its directors has erupted. On Saturday, a finance company issued a public notice, cautioning the public at large to avoid transactions with Jaycee Homes Pvt Ltd or its directors in respect of three properties measuring in thousands of square meter. This has left many home buyers in a lurch. The notice has been issued by Xander Finance Private Limited (Finance Firm).

The properties mentioned in the schedule as mortgaged include the land on which the Krishang project is being developed by a Powai-based developer. The details include a land parcel measuring 3,875 square meters.

Seema Saini, who has invested in the Powai property said, "I am running from pillar to post to get back my money from the builder. I am shattered after I got to know that the builder has mortgaged all its properties and projects to Xander Finance Pvt. Ltd."