I never thought that investing in a holiday will reap such benefits. The only reason I'm stating it is because there is hardly any investment which is risk free. I'm lucky to find such investment which is totally risk free. I invested in Pancard Club Investment Scheme. It was not done willingly but currently I'm glad that I did invest in it.
My brother-in-law came to me with this scheme. The scheme was to purchase some room rights from the company at certain cost and to utilize those rights at the hotels managed by them. The first thing anyone would do was to check the company who is running such investment scheme. It was then I came to know that Panoramic Universal Ltd. is the parent company managing the investment thing. So a reputed company has its own investment scheme. The next thing I checked was the hotels locations. They have hotels situated at Goa, Kerala, Shirdi, Malvan, Mysore, Karnala, Thane and Pune. The hotels they own were less in numbers than other companies offering such investment schemes. But they have hotels at majority of the tourist spots. The prices which they quote for this offer were far less than other company's offer. The prices charged and the number of hotels was inversely proportionate.
The next thing I checked was the benefits Panoramic Universal Ltd. was offering with such schemes. To start with the company were providing the member with life-insurance, accidental death and medi-claim policy along with the investment. Also, the room nights if not utilized till the investment tenure it can be surrender back to the company at a fixed cost. The other thing which they mentioned was that the room nights could be gifted to relatives or friends as and when we wish. All these things were so luring that anyone will invest in their scheme. I reviewed about this scheme online and found that there were some complaints against the scheme. It read fraud and irregularity in Pancard Club Investment Scheme. All the good things which I have reviewed went down the drain when I read the title. I looked in to the complaints made by people which I found that all were completely baseless. When I say baseless it doesn't mean people complaints are wrong. I mean that the people don't read the documents carefully while investing. Panoramic Universal Ltd. will not be at the top if the complaints were proved right.
Today, it's been two years since I invested in Pancard Club Investment Scheme and I found no reason that I should blame the company. If I had any complaint I wouldn't have wrote such things about the company. The things which they have agreed to is always been adhered to. I enjoy my holidays at their hotels without any issues. The only thing if they can change will be about the booking thing which we have to do before enjoying our holidays. Also, sincere advice to all people out there will be to read the document carefully before investing in any such schemes.