What Is RICH Infra India Limited. ?
Ans: RIIL is a company which is primarily engaged in Infrastructure
Development Projects (such as Road & Building Construction
and Real Estate Business). RIIL is NOT a financial institution
that’s why it is not under the RBI or IRDA.
Q:- What is legal authentication
of the company ?
Ans:- RIIL is a Public Limited Company, registered under the
Companies Act,1956, the Ministry of Corporate Affairs, Government
of India. Therefore, it cannot be dissolved without prior
liquidation of assets. Furthermore, RIIL is an ISO 9001:2008
certified company and it follows the proper process as per
the guidelines. RIIL is having a Certificate of Import and
Export by Ministry of Commerce and Industry, Government of
India. RIIL is certified by PUDA as Promoter for developing
a colony and constructing apartments.
Q: Whether my invested
money is safe in the hands of RIIL?
Ans: Yes. The money invested with RIIL will only increase
over time because the major part of investment, as per the
RIIL’s Rules and Regulations, goes straight into real
estate/land. As you know, that money invested in land never
goes down. However, it grows gradually over the period of
time. RIIL follows the Indian Accounting and Auditing System
of the country for the transparency.
Q: Will I get an allotment
of the plot?
Ans: Yes, you will get a proper allotment of the plot(s).
One plot will be allotted to one person ONLY.
Q: What are the future
prospects of the RIIL?
Ans: RIIL is more than sure of becoming an imposing tycoon
in the Infrastructure Business/Industry soon. The company’s
future plans include initiating brand new projects like: Technical
Education, Orchid Farming (resulting in an Export Quality
yield), Hotel and Resort Chains and many more.
Q: Can I see the location
of my allotted plot(s)?
Ans: Yes of course, with a prior intimation with a written
request to RIIL, the customer can visit the plot area allotted
to him. Plot will be allotted anywhere in India but the company
will try to allocate a plot that is near by the customer residence,
probably within the radius of 250 kms.
Q: Where will the RIIL
disputes be settled?
Ans: The dispute between the customer/advisor and RIIL will
be settled at Chandigarh with the help of Arbitration and
Jurisdiction because the registered office/records/Legal bodies
of RIIL are located in Chandigarh.