Thursday, 10 July 2014

LOOSING YOUR INVESTMENT AT CIG FUNDS(INDIA).....WAKE UP TAKE ACTION

CURRENT SITUATION OF MY INVESTMENTS IN THE
CIG REIT/VENTURE CAPITAL FUNDS (SCHEME-II)

My Investment was initiated in the year 2006/2007 Time frame. At the time of Investment lots of promises were given about the Funds perspective by the CEO Mr. Deepak Bajaj. I have been  following CIG Investment Newsletter faithfully for the past several years with an expectation to get a full perspective on my Investments with CIG.

Till this day I have not received any detailed perspective from the Fund itself. I have tried several modes to get more information. I have not been successful in doing that. Every call or message sent to them either not answered or just this “READ OUR NEWSLETTER”

The Newsletter or the Current Audited reports does not give the requisite information other than the monotonous and verbiage.  The current situation within the funds looks gloomy, with increased Liabilities and Draw down in their cash holdings. But, the Newsletter predicts such a rosy outlook without any substantiating basis. So this leaves the Investor like me in a lurch.

If anyone has similar experience with your investments with CIG, pls. feel free to share your inputs in my twitter/Linkedin page OR HERE.  A possible and reasonable outcome can be arrived at, if healthy exchange of views and ideas from the concerned investors flow in a common platform.   Request your support and co-operation; in recovering our Investments from CIG and also show the company that the Investors are essential to Investments such as these at the same token they are not gullible.


JOIN THE FORUM TAKE ACTION TO RECOVER YOUR INVESTMENTS WITH CIG 
THANKS FOR READING THIS MESSAGE
Posted by at

34 comments:

  1. NARAYAN11 July 2014 at 19:18

    http://ciginvestorindia.blogspot.in/

    ReplyDelete
  2. Unknown21 December 2015 at 01:29

    Hello even our investments are stuck with the CIG realty fund.

    ReplyDelete
  3. Unknown4 December 2018 at 22:57

    Sir please kindly reply how can I contact u.

    ReplyDelete
    Replies
    1. NARAYAN9 June 2019 at 16:02

      Hello ???
      Please send me your Investment with CIG details so that I can give you my thoughts on it...Good day

      Delete
    2. NARAYAN9 June 2019 at 16:03

      Use my email id "ciginvestdues@gmail.com"

      Delete
  4. Unknown4 December 2018 at 22:58

    jajamsamlin.j@gmail.com

    ReplyDelete
  5. mahesh nair20 December 2018 at 23:48

    There is no reply to my emails sent to care@cig and teh photo number they had mentioned in thier mails do not work

    ReplyDelete
  6. NARAYAN2 January 2019 at 05:37

    This is my response to your query...please send your email to “ciginvestdues@gmail.com”...please include the following in your email
    1 Date of investment “
    2 Amount invested
    3 which group did you invest in....Thanks

    ReplyDelete
  7. NARAYAN2 January 2019 at 05:43

    We have moved forward in the recovery process...We have set up a legal team To address our concerns with the Govt ...(initial start was with Grp 2) The other groups can follow the track once when the initial process goes through.If any one wants to know more.You can send your queries to
    “Ciginvestdues@gmail.com”

    ReplyDelete
  8. Sunil8 May 2019 at 21:14

    is any progress being made on this sir. I am willing to join this crusade against unitech for swindling our money in CIG REALTY scheme 2. Please update. Thank you

    ReplyDelete
  9. B B Nardekar18 May 2019 at 05:16

    Dear Sir.
    I am one of the investors. I have want to know way forward to recover. How can you help me.
    Regards

    ReplyDelete
  10. NARAYAN9 June 2019 at 09:21

    Hello Mr.Nardekar

    I regret the delay in my response to your query. I am an investor in Group 2 in CIG funds...Could you write to me more of your Investment directly to "ciginvestdues@gmail.com' I will respond.....Narayan

    ReplyDelete
    Replies
    1. Unknown6 February 2020 at 03:57

      Hello Mr Narayan

      Can you please add me to this group. When I write I am showing as unknown.
      Next, I did write to you. Not sure if it went to your spam folder or what.
      Are we doing anything as a group. Looking forward to hear from you
      My name is - Rajagopal Reddy Devireddy (Devireddy.uwezo@gmail.com)
      cell no: 9989230222 or 800 800 2626.

      Regards
      RAJ

      Delete
  11. bkrishna10 July 2019 at 00:53

    Hi Mr Narayan
    I have sent an email with details of my investment in CIG II .
    I am willing to join in your efforts in recovering or Investments.Thanks

    ReplyDelete
  12. Manohar Moorthy19 August 2019 at 21:27

    Hi Mr. Narayan,

    Is there any update on this. I am an investor in CIG Realty Fund II and I have tried to reach you via a couple of emails.

    Regards,

    Manohar Moorthy

    ReplyDelete
  13. Unknown22 January 2020 at 00:53

    Hello All,

    With the Govt taking over the projects, is there a light at the end of the tunnel and we get at least something back.

    Regards
    RAJ

    ReplyDelete
  14. Manohar Moorthy2 February 2020 at 20:38

    I had received an email to choose from a couple of options a few months back. After that, no communication. Has anybody heard anything?

    ReplyDelete
  15. Unknown6 February 2020 at 03:52

    I have not received or heard anything from them either. About couple of months back, as I was in Hyderabad I talked to one Mr Yadav from Unitech office that I could help in off loading their land parcel in Hyderabad but he bluntly rejected it.

    Now with the Hon. Supreme Court directing the Govt to complete the projects, hopefully we can see some light at the end of the tunnel.

    Meanwhile I suggest three actions from this group:

    - Form a whats app group for us to communicate. My no is 9989230222
    - As a group write to the Hon. Supreme Court to inform the Govt and board of our plyight. If we write as a group they will at least look into it, was I was told.
    - Finally hire a lawyer to represent us legally.

    My name is - Rajagopal Reddy Devireddy (Devireddy.uwezo@gmail.com)
    cell no: 9989230222 or 800 800 2626.

    Please reach out to me if any questions. Post your thoughts on the group.

    regards
    RAJ

    ReplyDelete
  16. Unknown17 April 2020 at 05:59

    Hi ... we are also stuck with CIG realty fund 2. No update from company side. I will send you an email. Pls add us also in the group and keep us updated as we would like to be a part of any common group fighting to get our money back.

    ReplyDelete
  17. Manohar Moorthy14 July 2020 at 03:14

    Hi, does anyone have any update on this? - Regards - Manohar Moorthy

    ReplyDelete
  18. NARAYAN14 July 2020 at 08:17

    No response either from UNITECH or CIG...hoping to get one soon..Will keep all posted so does any one here can do the same to help all in this tough endeavor

    ReplyDelete
  19. Sunil28 August 2020 at 18:05

    They have no intention to refund or refund our money. That is very obvious.

    gajendra Ch. Singh

    ReplyDelete
  20. NARAYAN29 August 2020 at 16:56

    Hello Sunil

    Investor capital contribution to CIG/UNITECH is not going to go evanescent to SEBI/SFIO or other Govt bodies...What is going to happen once the Spigot opens...Keep positive you can see the light at the end of the tunnel...

    ReplyDelete
  21. Manohar Moorthy4 November 2021 at 23:53

    Any updates on this?

    ReplyDelete
  22. NARAYAN5 November 2021 at 08:48

    Hello Manohar...I wish I had some great news, apparently not at this juncture. All at standstill for the Supreme court outcome on pay out details for Investors like You & I...Do you have any strategy to go after Unitech

    ReplyDelete
    Replies
    1. Manohar Moorthy6 November 2021 at 18:09

      Hello Narayan, I recently took a look at the resolution framework document (available via an Internet search) prepared in response to the Supreme Court order. As per this document, a prayer has been made that the CIG funds may be directed not to dispose off any unit/land allocated or sold to them, the reason being that the electronic records pertaining to the funds seem to be missing. Other details are available in the resolution framework document.

      I am not sure whether this is good news or bad news for us.

      Delete
  23. NARAYAN7 November 2021 at 16:37

    Hello Manohar....Good that you are keeping a good eye on the documents that are available on line...If you could send me the link so that I can read the article to its entirety, I will be send you my comments on it...

    Thanks for keeping in touch
    Narayan

    ReplyDelete
  24. Manohar Moorthy7 November 2021 at 17:09

    Hello Narayan. Please refer the link http://www.unitechgroup.com/pdfs/Updated-Resolution-Framework-feb21.pdf. Please go through the document and share it with the legal team as well. Will await your comments. Thanks for responding.

    ReplyDelete
  25. Hansu20 December 2021 at 15:59

    I am also an investor in CIG Realty Fund II. Please include me in your group. My name is Hansa Pardiwala and my number is 98212 41801

    ReplyDelete
  26. NARAYAN21 December 2021 at 14:26

    Hello Hansu...Please respond to "narayan.hvny@gmail.com" I will respond
    to your message...NARAYAN

    ReplyDelete
  27. Dr K S Chadha28 December 2022 at 04:12

    Hello Narian, I think we will not be able to get back our money till we make a group and approach the Supreme Court where CIG REALITY fund 2 is being perceived as Chandra's personal fund. Let every investor put his address and number and email so that some steps can be taken

    ReplyDelete
  28. Thiru S Padmanabhan7 April 2025 at 06:29

    I got to learn about this blog today.
    I am an investor in CIG-2 Fund.
    I would like to know if there has been any development in the matter since the last message here, Viz., December 2022.

    ReplyDelete

Subscribe to: Post Comments (Atom)