A & A Marketing: There Has Never Been a Scam Says Promoter Gyan Kessewnath

Nirvi Management , Lotus Fund ,  A & A Marketing and A & A buildings are not only interconnected, but all have the same origins. They are led by Kessewnath, whose father, Gyan, a 63 year old man affable appearance, thought and developed a business model out of the ordinary. Different companies of the family are, however, under the supervision of the authorities after several complaints from dissatisfied customers and trial.

The decision of the Financial Services Commission (FSC) to suspend the licenses of Nirvi Management and Lotus Fund and appoint an administrator, came to cast doubt on this string of operations focused on the real estate companies. 

To summarize, this quartet business manages funds and launching major projects construction. Performers supports Lotus Fund and A & A Construction . The first city has amassed a base of Rs 137 million used to fund real estate projects in seven Grand Bay, the Larkspur , a complex of 34 bungalows path Twenty Feet, Grand Bay.

"We found a different business plan for our projects. There are three sources of funding, customers, developers, and a contribution of background available at Lotus Fund . This allows us to reduce the cost of financing, " explains Gyan Kessewnath, who is the director of Nirvi Management and chairman of A & A marketing .

He stressed that the Lotus Fund has invested Rs 20 million in each of the seven sites estate by A & A Construction in Grand Baie. This equates to 20% of the capital needed in the first place.Promoters injected, in turn, 20% of capital. The remaining percentage is 60%, comes from the buyers, who make payments as and depending on the progress of projects. "Projects slowed because some customers were delays in payment. On the other hand, we have faced administrative difficulties should not take place, " said Gyan Kessewnath.

"Three quarters of our customers are always in touch with us. Some 294 customers have already taken possession of their apartments. We are a solvent company and we do not have an overdraft with no bank. At no time, there was fraud. Nothing is lost, " insists Gyan Kessewnath.

Anyway, the FSC has appointed Friday, April 19 for an administrator Nirvi Management and Lotus Fund . Custodians complained of not having received their dividends in December. "There was a delay for administrative reasons on the side of the bank. Now let the FSC work calmly and in the interests of customers, " adds the director Nirvi Management which manages the investment Lotus Fund .

A & A Construction said he delivered on the same funding model six residential complexes in the region of Grand-Gaube, namely Barachois de Melville, Barachois de Grand-Gaube, Barachois de Sinfat, Barachois du Nord , Amarylis and Enclycia. The smaller complex includes 34 apartments / bungalows and the largest 70.

At this point, the developer runs seven sites from 34 to 119 apartments in Grand-Baie, including Harmony , Bird of Paradise , Larkspur , Juniper , Deep Blue and Mississippi 1 .

All these projects have attracted customers because of the funding and unbeatable price on the market.