SAYA Promoters LLP — The Cheque Collection Entity Behind the Scam
Every EOI cheque collected for "Saya Raj Nagar Extension" is made out to SAYA PROMOTERS LLP — not to the well-known Saya Group. This page documents what SAYA PROMOTERS LLP is, who its designated partners are, and why it is the legal entity at the centre of the Saya Raj Nagar Extension EOI scam.
file: /assets/saya-promoters-llp-vs-saya-group.jpg (1200×600)What Is SAYA PROMOTERS LLP?
SAYA PROMOTERS LLP is a Limited Liability Partnership registered in New Delhi. The designated partners are Vikas Bhasin and Anu Bhasin. The LLP's stated business activity is real estate development. It is the legal entity in whose favour brokers ask buyers to write EOI cheques for the so-called "Saya Raj Nagar Extension" / "Saya Homes Duhai" / "Saya New Residency" project.
Several factual points about SAYA PROMOTERS LLP are critical for buyers to understand:
- No UP-RERA registration as a developer or for any specific project
- No ownership of the disputed Village Morta land
- No development rights recorded with the Sub-Registrar's office for that parcel
- No GDA-sanctioned building plan in its name
- No environmental clearance for any project
- No published audited financials indicating capacity to deliver a residential township
Despite the absence of every standard credential a real estate developer would have, this LLP is collecting tens of crores of rupees in EOI from Delhi-NCR buyers.
The Critical Distinction — SAYA PROMOTERS LLP vs Saya Group
This is the single most important fact for any buyer to understand: SAYA PROMOTERS LLP is not the same as the well-known Saya Group. Saya Group operates through entities such as Saya Homes Pvt. Ltd. and Saya Buildcon Consortium Pvt. Ltd. — these are the entities behind established projects like Saya Gold Avenue in Indirapuram. SAYA PROMOTERS LLP is a separate legal entity. The shared use of "Saya" in the name is what creates buyer confusion and is the engine of the entire scheme.
Saya Group (Saya Homes Pvt. Ltd. & affiliates)
Established Delhi-NCR developer with delivered projects (e.g. Saya Gold Avenue, Indirapuram). RERA-registered for its actual projects. Has formally denied involvement in the Village Morta / "Raj Nagar Extension" project through legal reply dated 27.01.2026.
Denied involvementSAYA PROMOTERS LLP
Separate LLP entity. Designated partners: Vikas Bhasin & Anu Bhasin. No UP-RERA registration. No land ownership. No approved project. The entity actually collecting EOI cheques for "Saya Raj Nagar Extension".
Cheque payeeWhy Brokers Want Cheques to SAYA PROMOTERS LLP
- Brand confusion is the entire point. Buyers see "SAYA" in the payee name and assume legitimacy. The legal entity receiving the funds is, however, completely separate from the brand they think they are dealing with.
- Limited liability protection. An LLP structure caps personal liability of the partners — making recovery against personal assets harder for cheated buyers.
- No RERA escrow obligation. A RERA-registered developer must hold 70% of buyer funds in a project-specific escrow account. SAYA PROMOTERS LLP, with no RERA registration, faces no such obligation. Funds collected can flow anywhere.
- No statutory disclosure. Regulated developers must publish quarterly RERA progress reports. An unregistered LLP is invisible to that scrutiny.
The Vikas Bhasin Connection — Who Is the Designated Partner?
Vikas Bhasin appears as a designated partner of SAYA PROMOTERS LLP. He is also named — in his individual capacity, alongside Saya Homes Pvt. Ltd. and Saya Buildcon Consortium Pvt. Ltd. — in the Saya Group's own legal denial reply dated 27 January 2026. This raises a structural question that affected buyers may legitimately wish to pursue:
- If Vikas Bhasin is involved in both Saya Group entities and SAYA PROMOTERS LLP…
- And SAYA PROMOTERS LLP is using a name confusingly similar to the Saya Group brand…
- And Saya Group has legally denied involvement in the disputed project…
- What is the relationship between these entities, and who bears responsibility to the buyers?
This site does not draw legal conclusions on the relationship — that is for courts and counsel to determine. We document the public-record facts and leave the legal interpretation to qualified lawyers. Affected buyers should put exactly these questions to their own legal counsel.
Should You Ever Make a Cheque to SAYA PROMOTERS LLP?
🚫 NO — Under Any Circumstances
Until SAYA PROMOTERS LLP obtains UP-RERA registration for a specific project, holds verifiable land ownership or development rights, and obtains GDA-approved building plans, no buyer should make any payment to this entity. The combination of brand-name similarity to the established Saya Group, the absence of standard developer credentials, and the active court-stay status of the land it is marketing makes any EOI to this LLP a guaranteed loss of funds.
If You Have Already Paid SAYA PROMOTERS LLP
Recovery is possible but requires immediate action. Do not delay. Send a formal written refund demand by registered post and email to the LLP's registered address. Preserve all WhatsApp chats, payment receipts, cheque photocopies and the "unit confirmation slip" if you received one. File a UP-RERA complaint, lodge an FIR at your local police station, and consider approaching the Economic Offences Wing.
Full step-by-step recovery guide for buyers who paid SAYA PROMOTERS LLP →
🔍 Verify These Claims Independently
Every claim on this site is independently verifiable through official sources. We list them here so readers can confirm the underlying facts directly:
- UP-RERA project registry — up-rera.in — search "Saya", "Morta" or "Duhai" to confirm no project registration exists for this land
- Allahabad High Court case status — allahabadhighcourt.in — search Appeal No. 34/2026 to verify the order refusing vacation of stay (17 February 2026)
- eCourts services portal — services.ecourts.gov.in — search Arbitration Case No. 06/2026, Commercial Court-II Gautam Buddh Nagar
- MCA21 portal — LLP Master Data — mca.gov.in — search "SAYA PROMOTERS LLP" to view designated partners and registered office
- UP Police citizen portal (eFIR & case lookup) — uppolice.gov.in — verify FIR No. 33/2026 at PS Madhuban Bapudham, Ghaziabad
- Times of India e-paper archive — epaper.timesofindia.com — Delhi edition, 13 February 2026, public notice page
- Saya Group's actual website — sayahomes.com — confirm no Raj Nagar Extension or Duhai project is listed in their official portfolio
- UP Bhulekh land records — upbhulekh.gov.in — pull Khatauni for Village Morta to verify ownership and encumbrance status
- National Consumer Helpline — call 1915 or visit consumerhelpline.gov.in for free advisory
- Indian Kanoon — indiankanoon.org — case law database for cross-referencing the legal basis of refund claims under RERA Act 2016
Frequently Asked Questions
Is SAYA PROMOTERS LLP the same as Saya Group?
No. SAYA PROMOTERS LLP is a separate Limited Liability Partnership. Saya Group operates through Saya Homes Pvt. Ltd. and Saya Buildcon Consortium Pvt. Ltd. — these are different legal entities. The shared 'Saya' name in SAYA PROMOTERS LLP is what creates buyer confusion. Saya Group has formally denied involvement in the Village Morta project.
Who are the designated partners of SAYA PROMOTERS LLP?
The designated partners of SAYA PROMOTERS LLP are Vikas Bhasin and Anu Bhasin.
Is SAYA PROMOTERS LLP registered with UP-RERA?
No. SAYA PROMOTERS LLP has no UP-RERA registration as a developer and no project-specific RERA registration for the so-called Saya Raj Nagar Extension. Buyers can verify this directly on up-rera.in.
Does SAYA PROMOTERS LLP own the Village Morta land?
No. The land ownership is disputed and currently in arbitration. SAYA PROMOTERS LLP does not appear in the Sub-Registrar's record as the owner of the disputed Khasras and has no recorded development rights for them.
Why do brokers ask for EOI cheques to SAYA PROMOTERS LLP and not Saya Group?
Because the well-known Saya Group has not authorised any project on this land and would not accept payments for it. SAYA PROMOTERS LLP acts as the collection entity. The 'SAYA' name in the payee line creates the impression of legitimacy while the actual recipient is a separate LLP with no developer credentials.
Can I recover money I paid to SAYA PROMOTERS LLP?
Recovery is possible but requires fast action. Send a formal written refund demand, file a UP-RERA complaint, lodge an FIR with your local police station, and consider Consumer Forum and EOW proceedings. Connect with other affected buyers for collective action — see the refund help page for the full step-by-step guide.