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Online portal booked for fraud

Press Trust of India  |  New Delhi 

A case has been registered against an online portal for fraud on the basis of a complaint by a top doctor of RML Hospital, police said today.

Dr Rajeev Sood, Consultant and Head, Department of Urology, RML Hospital, in his complaint said despite having sufficient money in his e-wallet, he was not allowed to book tickets by the online portal.

"I booked tickets for my family from New Delhi to Port Blair on December 22, 2015 using credit card. On December 23, I got a mail that my booking was unconfirmed since there was a fare hike and my money was transferred to e-wallet," he told police.

When he tried booking tickets on December 23, he was not able to.

"The cost of tickets was coming to be Rs 1,11,182 but I wasn't able to book tickets despite the e-wallet showing a balance of Rs 1,18,736," he said in his complaint.

He said he was not able to use the money in his e-wallet.

An FIR has been registered in the matter and further investigation is underway, police said.

Favista has also developed technology to help developers

in the affordable housing space to launch their projects online including the ability to collect bookings online using the portal. This significantly reduces the time and cost to market for such projects.

"Investing in technology is a strategic goal of CB India and fits in line with our goal of providing a world-class brand, training and technology to our franchisees and agents. We believe that this acquisition will help our franchisees and agents reduce their overall lead costs and enable a significantly larger volume of transactions. Favista's technology and focus on reducing online lead generation costs fits in that strategy," - Ramnik Chopra. "Coldwell Banker is one of the most respected real estate brands in the world. Their focus on training and technology that will significantly improve the agent's ability to service their customers was the reason we decided to join hands," - Anupam Sinha, CEO of Favista.

As a part of this acquisition, Anupam Sinha will take on the role of Chief Product Officer for Coldwell Banker India in addition to managing sales and operations.

About Coldwell Banker India

Coldwell Banker India is the Indian arm of the legacy Coldwell Banker, a global leader in the real estate franchising and provider of real estate advisory services. It is part of the $5 billion Realogy Hol ding Corporation. Coldwell Banker India owns and manages Coldwell Banker, Coldwell Banker Previews International Program and Coldwell Banker Commercial marks in India, and has exclusive rights to appoint franchisees to develop the Coldwell Banker brands in the Indian subcontinent.

About Favista

Favista is a real estate advisory company providing services across residential and commercial real estate transactions. Favista was founded in 2012 by Anupam Sinha, Vishal Bhargava with a vision to create a credible and professional Tech based real estate advisory company in a market that has largely been fragmented and disorganized. Favista had been funded and incubated by Veddis Ventures.

For More Details, contact

Ishan Dhatrak

Manager - Marketing and Communications

Coldwell Banker India


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First Published: Sat, December 10 2016. 00:28 IST