Builder FraudCheating CaseProperty CrimeReal Estate

Delhi-based Builders Arrested for Cheating Home Buyers of Rs. 29 Cr

New Delhi [India], November 12 (ANI): The Economic Offences Wing of the Delhi Police has arrested two Delhi-based builders for allegedly cheating more than 250 home-buyers of more than Rs 29 crores, the police said on Thursday. According to the police, the two accused persons of Aerocity Dwarka Multi-State CGHS Limited Society were cheating home-buyers under the garb of land pooling policy of the Delhi Development Authority (DDA). “An amount of only Rs 6.75 crores was utilised for the purchase of land, while the remaining amount of approximately Rs 22.25 crores was misappropriated and siphoned off to various other entities,” the EOW said in a statement.

The police said that the accused persons cheated around 250 buyers of more than Rs 29 crores by inducing and misrepresenting to them that their upcoming project is duly licenced by the DDA. (ANI)

Related posts:

MahaRERA Landmark Judgements on Delayed Possession of Real Estate Projects in Maharashtra

November 1, 2020
MahaRERA

4 Builders Booked for Cheating in Gurugram

January 8, 2022
Builder Fraud

Six Builders Booked for Cheating Home Buyers

September 3, 2022
Builder Fraud

Police Arrest Builder Who Sold Same Flats to Many – India TV

April 3, 2022
Builder Fraud

Builder Held for Duping 300 Investors of Crores of Rupees by Not Delivering Flats Within the Stipula...

January 8, 2021
Builder Fraud

Builder Sells Two Flats in Mumbai to 150 Buyers, Collects Rs 30 Crore

November 6, 2023
Builder Fraud

Project Delays - Maha Police Files FIR Against Pune Builder

July 11, 2021
Builder Fraud

Builder Must Pay All Taxes Until Entire Property is Conveyed to Society - Consumer Forum

July 23, 2021
Builder Fraud

HC Rejects Pre-Arrest Bail Plea of 4 Builders in Cheating Case

January 17, 2022
Builder Fraud

Builder Booked for Cheating Flat Buyer

January 8, 2022
Builder Fraud

Builder and Two Directors Booked for Cheating Homebuyers of Rs. 1.38 crore

September 24, 2024
Builder Fraud

High Court Denies Relief From Arrest for Builder Who Constructed Shops in Place of Flats

February 20, 2025
Builder Fraud

Builder Booked for Cheating Flat Buyers of Rs 3.82 cr

June 6, 2024
Builder Fraud

Builder Booked for Failing to Transfer Property to Flat Owners

April 6, 2025
Builder Booked

ED Attaches Properties of a Builder in Rs 18 Crore Housing Loan Fraud Case

September 5, 2023
Builder Fraud

File FIR Against Builder If Cheated – Says Maharashtra Police

July 1, 2021
Builder Fraud

After Court Order, Builder Booked For Duping 9 Flat Owners

March 12, 2024
Builder Fraud

Builder's Failure To Deliver Possession On Time In India: Legal Remedies And Landmark Judgments

December 30, 2021
Builder Fraud

Builder Booked for Delaying Flat Possession, Denying Promised Amenities

March 24, 2025
Builder Fraud

Builder in Panvel Held for Duping At Least 25 People of ₹19.63L

November 6, 2020
Builder Fraud
See also  Builder Sells Two Flats in Mumbai to 150 Buyers, Collects Rs 30 Crore