Bhubaneswar buyers file complaint against Seven Hills Sands

Bhubaneswar buyers file complaint against Seven Hills Sands

A group of persons on Wednesday (Oct 5) lodged a complaint with the Economic Offence Wing (EOW) here alleging that Seven Hills Sands, a real estate firm, duped them of crores of rupees. The complainants alleged that the company promised them single room flats in a housing project in Puri, but reneged on the deal after collecting money from them.

"I had paid Rs 23 lakh to the company in 2012. I am yet to get possession of my flat," said Bhabani Prasad Dash, a duped investor. Dash said the company lured the investors by floating an attractive scheme. "After we paid the entire amount, the company did not give possession of our flat and told us that it will put our houses on rent and give us Rs 18,000 for it. We received the rent for nearly a year," he said, adding, "Later the company sold some of the flat to others."

EOW said the charges are being verified. The company's chief was arrested recently by Puri police in connection with another fraud, said an EOW officer.

Read More news about Seven Hills Sands:

• Facor joint MD Rohit Kumar Saraf arrested in land fraud case
• Flat buyers duped by realtor

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Pune consumer group accuses builder of fraud - Shalini Lakeview project

The city-based Akhil Bharathiya Grahak Panchayat (ABGP) will lead a group of aggrieved apartment buyers in a protest demonstration against local real estate developer, Trishul Builders, in Koregaon Park on July 10. In a press conference held in the city on Thursday, ABGP advisor Vijay Sagar claimed that the developer had allegedly cheated hundreds of flat buyers and failed to deliver their houses at the Shalini Lakeview project in Undri, despite taking money from them.

Sagar said that close to 500 customers had been denied possession of their flats in the developer’s Undri project. “These customers had paid down payments and have continued paying the EMIs with the belief that they will have the possession of their flats in March 2011, as per the promise made to them,” he said. The consumer forum plans to file a case against Trishul Builders before the national commission in New Delhi. Meanwhile, the flat buyers have formed an ad hoc committee.

According to Sagar, the under construction building in Undri was demolished by the government authorities on December 25, 2010, as the land belonged to the Pune zilla parishad since 1978. One of the flat buyers, Razak Shaikh, told DNA that they had not been informed about the demolition by the builder. “We read about it in the newspaper. If the land had legal issues, then how can they sell apartments to us?” Shaikh said.

The flat buyers also said that the police had not paid heed to their complaints. Vijay Shroff, who had booked a 2 BHK apartment said, “We went to the Abhiruchi police chowki, Haveli police station and Kondhwa police station and they did not register a first information report (FIR).” Some of the flat buyers who were present at the press conference also said that a few cheques paid by Trishul Builders had bounced. “Not only did the cheques bounce, the builder offered us flats in their new site, named Shalini Heights Phase 2, on NIBM Road,” Shaikh said.

When contacted on telephone, Trishul Builders owner Hemant Buddhiwant denied all the allegations and termed it a conspiracy by rivals and politically driven people. Buddhiwant said, “We are fighting a case in the high court regarding the Shalini Lake plot. The demolition came as a shock to us, as we had met with all the legalities before we purchased the plot.”

He also denied that the flat purchasers had been kept in the dark. “Our clients were informed about all the proceedings. They are being misguided,” Buddhiwant said. According to Buddhiwant, the customers who had claimed their money had got it, while the rest had been asked to wait. “I have received only 15-20 complaints. Most of my clients have faith in us. The protestors have been influenced by our rivals,” he said.

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OBEROI Realty accused of fraud worth RS 142.56 CRORE

Well known developer Vikas Oberoi has landed in trouble after a resident of one of his own projects lodged an FIR against him. He has accused the head of the Oberoi Realty of duping flat owners by delivering smaller flats than what was promised. Meghwadi police in Jogeshwari has filed the case and is investigating the matter. 

The case has been filed by Mohit Bhardwaj, a resident of Oberoi Splendour, a luxury project on Jogeshwari-Vikhroli Link Road. The project was completed a couple of years ago. Bhardwaj claimed that he represented several other flat owners, who have been fighting against the developer for the last couple of years. 

Bhardwaj complained that not only the size of the flats was smaller, but the height of the ceiling was also lesser than what was promised, among other things. "We were promised amenities such as club house, swimming pool, squash court, spa, party hall, jogging park, tennis court, amphitheatre, camping site, plaza, landscaped garden, bamboo garden, skating rink, gazebo, and so on. A rosy picture was presented," said Bhardwaj. 

He claimed that as the project neared completion, however, the buyers found out that the number of flats on each floor was much higher. "In place of the camping site and amphitheatre, the developers constructed one more building under the name Oberoi Grande," stated the complaint. In all, around 400 more apartments were added in Splendour and Grande. "The developers have cheated the flat buyers to the tune of Rs 142.56 crore," stated the complaint. 

The residents then approached the Magistrate's court, which ordered that an FIR be filed against Oberoi. 

Meanwhile, Oberoi Realty spokesperson said, "This FIR is absolutely bizarre. All allegations are factually incorrect. We have fulfilled all our legal obligations. In fact, the complainant has got no relief till date from any of the legal forums that he has approached. Oberoi Realty is a law-abiding corporate and adheres to the highest principles of corporate governance and ethical business practices. We are confident of proving the same in any court of law."

Know more about Oberoi Realty:

• Oberoi Realty Q1 net down 16% to Rs 91 crore
• BGR Energy, Oberoi Realty deny scam role

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Builder defaulted on payment, beat me up, claims contractor - Gaursons India Ltd

A construction contractor alleged that a private builder used his strongmen to beat him up at Abhay Khand in Indirapuram on Monday. An FIR has been registered in the case at Indirapuram police station and three persons have been detained.

According to the contractor Bharat Bhushan Bharadwaj, builders Gaursons India Limited failed to pay him 4.5 crore for construction work completed by him in April 2015. “In 2011, I had taken the contract from builders Gaurson India Limited for Gaur City 2 project in Noida extension. After I completed the work in April 2015, they refused to pay the 4.5 crore due. Several attempts to reach them over the past one year have proved futile as the director refuses to take my calls or meet me,” said Bharadwaj of Niti Khand 2.

He added that he has written to all senior authorities in the city informing them about the alleged fraud, but there has been no response. Ultimately, he decided to hold a sit-in outside the builder’s corporate office at Gaur Biz Park in Abhay Khand 2, Indirapuram, on Monday

“I sat outside the office with 20 of my family and friends at around 8 am. However, the builder did not come to meet us once and sent his strongmen thrice between 9.30 am and 2.30 pm. They roughed us up the first two times and finally beat us up. We have all been injured, including my elderly mother and father,” said Bharadwaj.

However, according to Gaursons India Limited, no payments to the contractor are pending. “The incident that took place near our office has nothing to do with us. It is between a contractor and his sub-contractors and workers. We have always been prompt and all payments have been cleared on time,” said Vipin Modi, president of sales and marketing, Gaursons India Limited.

Meanwhile, the police lodged an FIR in the case and detained three persons. “The whole incident was recorded in a CCTV camera installed nearby. According to the complaint of the contractor and the CCTV footage, three men employed with Gaursons India Limited have been detained,” said Gorakhnath Yadav, station house officer, Indirapuram police station.

Know more about Gaursons India Ltd.

• Builder try to attack buyers
• Gaursons' Goons Attack Home Buyers in Ghaziabad
• GAUR CITY RESIDENTS - GREATER NOIDA WEST PROTESTED OVER MAINTENANCE CHARGES ISSUES
• Builders Meeting in Authority for solving buyers problem
• Case of fraud filed against Manoj Gaur
• YEIDA halts 17 housing projects

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Court orders filing of an FIR against TDI, complainant alleges Mohali police dithering

Court orders filing of an FIR against TDI, complainant alleges Mohali police dithering

A local court has directed the Mohali police to register an FIR against TDI Limited on charges of forgery, cheating and dishonestly inducing delivery of property after a Mohali resident moved the court seeking registration of an FIR against TDI for allegedly cheating him of more than a hundred square yards of land.

However, the complainant alleged the Mohali police, despite court orders, was reluctant to register the FIR due to the "influence of the accused", and that there were at least 145 other victims of the alleged fraud running into several crores.

According to the order passed by Judicial Magistrate Pamelpreet Kaur Grewal on September, complainant Navinpal Singh Saini, a resident of Sector 71, along with his father Gurdev Singh Saini paid a total amount of around Rs 60 lakh to TDI to buy 204 square yards of commercial land in TDI City, MP-II division, on Landran Banur Road in 2009. After receiving the full amount from Navinpal, the local managers of the Delhi-based company obtained signatures of Navinpal and his father on an agreement with blank space in it, after assuring them (the complainant and his father) that the agreement would be signed and completed by a higher official of the company in Delhi.

However, when Navinpal received the completed agreement, he was surprised to find that he had only been allotted 102 square yards of land, even though he had paid for 204 square yards. Thereafter, he approached TDI managers who allegedly refused to refund the additional Rs 30 lakh that he had paid. Aggrieved, Navinpal moved the court in April this year.

Navinpal alleged that according to the current market rate of 102 square yards at the said site, he had suffered a loss of more than Rs 70 lakh. He said that there were a total of 145 buyers like him who bought plots in MP-I and MP-II divisions of TDI City and who suffered similar losses.

Read more news related TDI Infra Limited:

• After court order, TDI booked for cheating
• TDI Infrastructure fined by consumer court, asked to refund for plot not delivered

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Fraud practices by builders in Bangalore - Sobha Limited

1. Try buying a flat in any premium builder apartment (ready to move in or already given possession), you will find number of agents who try selling the flat. It is sad that we won’t find a single owner directly who can sell. These flats wont be registered in the owners name even after 1 year. I had such kind of experience with Sobha Chrysanthemum.

There are more than 1, 2 or more agents involved in these scams for selling a single flat along with the builder. Once we finalise a flat, The agent will connect to a bigger agent (claiming to be the owner of the flat). These biggies will take loan from some private banks. If the deal goes through, These big agents pays around Rs. 150-200 per sq ft to the builder . So for a 1700 sq ft flat, for supporting such practices , builder gets a token money of 3-4 lakhs easily (the buyer is paying indirectly again)

2. Try negotiating , these small agents tell “No flats are available below 80 lakhs in this area, we cant sell below it”. Bloody fellows , who are they to fix the prices. I have the right to negotiate with the flat owner directly. Take the 1% commission and just leave the scene

3. When these builder launches any project, they have tie ups with these big real estate fellows, so that they block some of the flats at launch price itself to show ARTIFICIAL DEMAND. And keep on raising prices as per the number of bookings done. Imagne Sobha city, Do you think anyone will pay for showing class discrimination inside a project. Initial 4 buildings are low cost, then the high class villas and then super luxury flats. Why should I pay 1 crore and then live like a low class inside this Sobha City. For outside world “yes” I live in Sobha City , but we should have some respect inside the building premises.

Finally the person who needs a accommodation in Bangalore , he usually pays a huge premium on these flats . Imagine our hard earned money is feeding so many real estate agents. We work hard , pay off these huge loans and these people enjoy. Buyers , please don't blindly fall for these people. We are educated enough, think before you invest in any real estate. Prices wont sky rocket within 6 months in any city. I don’t think now a days anybody is even buying flats. Don’t fall for these mal practices. They will tell that 3-4 people are already eyeing this flat. These are all simply to create a sense of urgency. Don’t fall in these traps.

I have written because I faced such problem, other builders will also be doing the same. Now a days, in no mood to buy a house in Bangalore. I think housing bubble will burst anytime soon here, because the end users are very few. We will be paying loan amount for a house which will become more than 1.2 crore (including the interest rate) and the flat prices wont increase so much in near future. Just try to sell , these agents will tell you that prices have come down to 65-70 lakhs . 

Pay more than 1 crore for a flat where a basic necessity like Cauvery water is not provided. Then why to spend so much in a city like Bangalore. Ground water level has reached below 1000 feet, which is not at all potable in most of these areas. Yes , pay for quality construction but who will fulfill the basic needs?

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2G Scam Accused, Top Builders Named in FIR in Pune Land Scam Case - Panchshil Realty

2G Scam Accused, Top Builders Named in FIR in Pune Land Scam Case

Prominent builders and businessmen have been named in a First Information Report or FIR filed by the Pune police in a case relating to a massive land scam allegedly worth hundreds of crores of rupees. Among those named in the FIR are 2G spectrum allocation scandal accused Vinod Goenka and Shahid Balwa of DB Realty and builder Atul Chordia of the Panchshil Realty Group.

The 326-acre land at the heart of the dispute is located in the city's prime Yerawada area, near the Pune airport.  The Goenkas, who claimed the land was gifted to their family by Peshwa rulers in 1952, had fought a decades-long battle with the government over it. In 1989, they approached the then Chief Minister Sharad Pawar to settle the dispute.

Pune District Collector Shriniwas Patil subsequently granted the land, worth an estimated Rs. 300 crore in 1989, to Mukund Bhavan Trust. The Trust, run by the Goenkas, handed over developmental rights to Mr Chordia's company Panchshil Realty Group.

Incidentally, Mr Patil later opted for voluntary retirement and joined Mr Pawar's Nationalist Congress Party, or the NCP. He won the Lok Sabha election in 1999 and 2004 from Maharashtra's Karad and is currently serving as the Governor of Sikkim. Panchshil Tech Park, a company floated by Mr Chordiya, constructed towering high-rises on the disputed land. Ravi Barhate, a Right to Information activist, has since established via documents obtained under the Act that forged papers were used to grab the government land.

Some crucial documents including confidential letters exchanged between senior state government officials clearly show that the prime land was handed over to the trust after the state government drastically changed its stand on the issue in 1989.

In a confidential letter written to the then Pune Divisional Commissioner on January 1, 1992, Mr Navin Kumar, the then settlement commissioner and director, wrote, "The change of government stand needs to be investigated to find out who had taken the decision to grant 326 acres of land to the trust".

NCP chief Sharad Pawar's daughter Supriya Sule and her husband Sadanand Sule also had stakes in Panchshil Tech Park. After Mr Balwa and Mr Goenka's name cropped up in connection to the 2G Scam, they had surrendered their share and exited the company.

In April 2011, Leader of Opposition in Maharashtra assembly Eknath Khadse had demanded a thorough probe into questionable land deals in Maharashtra. In the wake of his demand, the state director general of police had asked for a detailed report on the status of investigations and complaints into major land scams.

The police have refused to comment on the case. Reacting to the FIR, DB Realty today issued a statement, claiming, "Any complaint against the company or Mr Vinod Goenka or Mr Shahid Balwa alleging their involvement in the holding of the land by Mukund Bhavan Trust is unsustainable in fact and in law".

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DB Realty defaults on debt repayment and taxes

DB Realty defaults on debt repayment and taxes

DB Realty, the group allegedly linked with 2G spectrum scam, has defaulted on repayment of debt and deposits of provident fund, employees' state insurance and various taxes.

While the default in the payment of taxes has been happening since April 2010, the Shahid Balwa-led firm has defaulted on debt repayment in the last fiscal.

The company defaulted on loan repayment to LIC Housing Finance since January last year. During this calendar year till March, it has not paid its dues to Reliance Capital, ICICI Bank and Indiabulls Housing Finance, according to the annual report of the company for fiscal 2017.

Between January 2016 and March 2017, the company has defaulted on loan payments to the tune of Rs 53.85 crore. An amount of Rs 5.89 crore is to be paid to the authorities as service tax, wealth tax, property tax and value-added tax, due between April 2010 and September 2016. Also, income tax payment of Rs 6.63 crore is pending for the assessment years 2012-13, 2013-14 and 2014-15, but it is under dispute.

"The company is not regular in depositing with appropriate authorities, undisputed statutory dues including provident fund, employees' state insurance, income tax, value-added tax, cess and other material statutory dues applicable to it, and there have been serious delays in a few cases. As explained to us, the provisions regarding sales tax, customs duty and excise duty are presently not applicable to the company," reads a note by independent auditors in DB Realty's annual report for the last financial year.

Read more Complaint related DB Realty :

• Bailable arrest warrant for DB Realty founder Vinod Goenka
• LIC Housing moves NCLT to recover Rs 31 crore loan from DB Realty
• Debt hit DB Realty referred to NCLT by LIC Housing Finance
• LIC Housing withdraws NCLT plea against DB Realty
• ED likely to attach DB Realty's assets
• Pawar family's links with DB Realty revealed
• Not Just Jaypee, Mumbai's DB Realty Too Has Duped Home Buyers
• DB Realty in trouble – The Urban Debate
• 3500 DB Realty buyers stuck in a limbo, seek legal help- Property News
• False commitments by DB Realty OZONE Project
• DB OZONE Home Buyers Waiting since 2009
• DB Realty's project delayed: Buyers protest, launch social media campaign
• Builder arm-twists home buyers?
• DB OZONE BUYERS Suffering from 2009

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Cheating case against Pune-based real estate developer DSK

Besides, cheating, D S Kulkarni and his wife have also been booked for criminal breach of trust

The Pune police registered a cheating case against city-based developer D S Kulkarni and his wife based on a complaint of a senior citizen who failed to get back his investment from the real-estate group. Besides, cheating, D S Kulkarni, popularly known as DSK and his wife have also been booked for criminal breach of trust, said police. There are around 8,000 depositors who have reportedly invested around Rs 485 crore with D S Kulkarni's group but due to a financial crisis, the investors have failed to get their money back from the developer.

For the last several months, all these investors, largely pensioners, have been queuing up at DSK's office here in Pune. As many as 170 depositors who have invested in the Fixed Deposit (FD) scheme of the DSK Group, had even approached the Pune police couple of months ago, demanding a cheating case be registered against the firm. 

Despite repeated attempts, D S Kulkarni could not be reached for a comment. However, in a video, released by DSK himself earlier this year on social media, the real estate DSK Developer had replied to all allegations and queries of deposit holders and investors. "People have been investing with the group for the last 35 years and they were getting their returns on time. The firm started facing financial crunch from October 2016 as the real estate was going through a tough time and at the same time demonetisation exercise was announced, which added to cash crunch," Kulkarni had said in the video message.

To Know more about DSK Developers read following news:

• Bombay HC orders DSK to deposit 25% of dues with court's registry
• HC raps BMC for letting housing soc ‘take over’ South Bombay open space
• THREE TOP BUILDERS’ ASSETS, LIABILITIES TO BE PROBED BY STATE
• About 3,000 DSK investors lodge complaints with EOW
• ‘BHAGTANIS MUST FACE CONSEQUENCES FOR DUPING HOME BUYERS’
• About 3,000 DSK investors lodge complaints with EOW
• ‪Bombay HC asks DSK Builders to spell out repayment plan

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Builder booked for not providing facilities - Jaycee Homes

Builder booked for not providing facilities

Seventy one flat owners, residing in two buildings at Shiv Bhaktani Manor complex in Powai, on Sunday approached the Powai police and lodged a complaint against the builder stating that he reneged on his promise of providing them with a club house and a swimming pool.

According to the police, in 2001, the flat owners had signed an agreement with builder Laxman Bhaktani of Jaycee Homes, the firm which constructed Shiv Bhaktani Manor. They had paid Rs 25,000 each for these amenities. The flat owners claimed that the builder had promised to provide these facilities by 2003. They have also complained that the builder erected a 12-ft high wall blocking one of the exits to the main road.

Bhaktani was in Pune but his son Dipesh, who runs Jaycee Homes, told TOI on Wednesday that the club house and swimming pool were ready. "As far I know, the delay is because the electricity meter was to be installed. I am aware about the matter and the flat owners were duly informed. I don't know the reason why they lodged the complaint."

R K Kapoor, chairman of the housing society, said, "Bhaktani has been making excuses for the last six years and delaying the work on health club and swimming pool. Finally, the builder agreed that the work will be completed in 2009 and the facilities will be handed over to the society on April 13, 2009. We informed the police when he failed to keep his word." According to Kapoor, in the presence of police, Bhaktani had promised to have the facilities ready by May 15. "We will take prompt action on the complaint. Bhaktani has been booked for cheating," said senior inspector Rajdoot Rupwate.

Read More News Jaycee Homes:

• Bhagtanis to liquidate JVPD Properties assets to pay off home buyers
• Jaycee homes: More Mumbai homebuyers approach cops over builder delays
• More homebuyers approach cops over delay in handing over flats??Jaycee home??
• ‪Finance company issues notice to Jaycee Homes
• Mumbai's Jaycee Homes now accused of constructing illegal tower in cop colony
• Jaycee Homes MD Protest Video

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Builder Baba Wanted In Rs. 11.5 Crore Fraud Case Arrested

Builder Baba Wanted In Rs. 11.5 Crore Fraud Case Arrested

A 36-year-old man, known as 'Builder Baba', who had been declared a proclaimed offender in a case pertaining to cheating of Rs. 11.5 crore, has been arrested, police said on Monday.

Sachin Dutta alias Sachidanand Giri had been declared a proclaimed offender in a case registered with Economic Offence Wing (EOW) of the Delhi Police. He was arrested from his house at Lucknow in Uttar Pradesh, said A K Singla, DCP (Northeast). Narendra Barmecha, a resident of Anand Vihar area in Delhi, had filed a complaint in which he alleged that he had been duped by the accused. He said that he had invested in a firm Balaji Constructions owned by Dutta and his associates.

As per the complaint, the victim invested in the firm and later on in 2014, when he retired from the partnership, he was offered a sum of Rs. 11.5 crores, that was never paid to him, said the officer. Efforts were made to trace Dutta, but he was found absconding. He was declared a proclaimed offender in 2016 by Karkardooma court.

On the basis of a tip-off, the accused was arrested from his house at Gomti Nagar Extension in Lucknow, police said. During interrogation, Dutta apparently disclosed that his family was into construction business and his real estate firm Balaji Constructions had developed Balaji Residency in Indirapuram and Foster Heights, a 14-storey apartment in Ghaziabad. He also owned a disco-cum-bar called 'Quantum the Leap' in Centrestage Mall in Noida. 

In 2015, a case of fraud had been registered at Sector 58, Noida against Dutta and seven others for allegedly mortgaging sold flats in an Indirapuram housing society to obtain bank loans. The case was subsequently transferred to the Indirapuram police station and the accused declared a proclaimed offender. "It has also been found that Dutta has business dealings with Ponty Chaddha and his relatives Ramandeep and Kamaldeep. All of them have also been found involved in a cheating case registered at Jalandhar, Punjab. The case is under investigation," said Mr Singla.

Read More News regarding Builder Baba:

• Fraud case filed against 'builder baba', realty firm in Noida
• Wanted in Rs 11.5 crore fraud case,‘Builder Baba’ arrested in Lucknow
• Multi-crore fraud: ‘Builder baba’ arrested
• Rs 11.50-cr fraud, builder baba, ex-Mahamandaleshwar arrested

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Cheating complaint filed against Shukan Group

Shukan Group faces another complaint

One more complaint of cheating was filed against the Shukan Group of builders on Friday. A private investment firm has accused the promoters of not paying back Rs 11 crore of a Rs 20 crore loan. It is the fifth police complaint against the builders.

The complaint has been filed Mukesh Jain, a resident of Satellite, with Navrangpura police. Jain has said in his complaint that Ramesh Patel, Bhanu Patel, Mahesh Patel and Veena Patel, all residents of Shukan Palace on Science City Road, had taken a Rs 20 crore loan from his firm in September last year and had promised to pay it back in instalments. They had even mortgaged the Shukan Palace scheme against the loan.

Navrangpura police inspector R V Desai said that the promoters of the scheme did not pay the amount as promised and later showed their inability to do so. "At the moment, we have Ramesh Patel in our custody for questioning in connection with a previous case. Now we will seek the remand for the new case," he said.

In August this year, a brokerage firm had lodged a complaint for cheating of Rs 2 crore. In the last four months, the group promoters have been named in complaints filed at Sola, Sardarnagar and Sabarmati police stations. The Shukan Group is also accused of fraud in a complaint with Gandhinagar police.

"The initial complaint was about the duplicate selling where the managers of the group sold the same property to multiple parties. In some of the cases, they have tampered with the official documents for the purpose. In preliminary investigation, the accused have stated that they could not recover their invested money from the market after which the financial system broke down," said an investigator.

Also read more complaints against Shukan Group:

• File Complaint against Builder in Ahmedabad - Sukun Builders For Fraud
• Probe into housing fraud in Ahmedabad may lead nowhere: Victims
• Finally all buyers of shukan group get justice
• Another cheating complaint filed against Shukan Group

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Home buyers protest delay, 'unfair charges' - Orris Infrastructure Pvt Ltd

IN GURGAON, Over 150 people, who have invested in projects Carnation Residency and Aster Court in Sector 85, held a protest against the developer, Orris, in front of its MG Road office on Saturday.

Buyers alleged that the projects, each of which has eight towers and over 600 flats and were launched five years ago, should have been completed by now, but the builder has deliberately delayed handing over possession for a further two years. They also complained of other issues, such as the developer withholding extra amount charged as EDC/IDC (external development charge/internal development charge) and making sudden changes to project plans.

                       

A resident of Sector 57, Pradeep, who invested in the project, claimed the builder suddenly demanded an extra amount after raising the share of super-built area. The builder changed the plan by raising the super-built area in by 10% and demanded I pay up within a month. Orris even threatened to penalize late payment. I'm a working professional. Half my salary goes into paying rent for my current residence and the EMI on the loan I have taken for this apartment. It is extremely difficult for us to pay anything more, what with the project also delayed, he said.

Many investors allege the construction was not completed according to the plan shown to them earlier. A resident of Sispal Vihar, Subha, said, I booked an apartment facing the society park, keeping in mind the needs of my kid. However, when I visited the actual site, the layout plan had been changed completely. There is no park in front of my tower now. Instead, there are new EWS (economically weaker section) apartments in front of my tower, she said. Since 2010, she has been paying Rs 30,000 as rent and Rs 30,000 as EMI for the apartment, and feels disappointed by the way the project has turned out.

Agitated investors also raised the issue of inflated EDC/IDC charged by the builder.In 2010, DTCP (District Town and Country Planning) brought down the amount for EDC/IDC. We demanded that the builder repay us the balance amount. It's been four years, but the builder refuses to refund, said Rajeev, another investor. An official spokesperson of Orris said,We have called a meeting with the investors on Tuesday, where we will try to sort out all issues.

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MahaRERA asks Marvel Realtors to pay monthly rent of Rs 15,000 per flat in case of delay

 Three individual flat owners, Rohit Kaushal (B-401), Shrikant Pradhan (1902), and Tan wir Bagwan (1802), had lodged separate complaints against Marvel Realtors under Section 18 of the Real Estate (Regulation and Development) Act, 2016.

Acting on three complaints against a leading Pune-based developer, the Maharashtra Real Estate Regulatory Authority (MahaRera) has ordered Marvel Realtors to pay up a monthly rent of Rs 15,000 to owners of 3-BHK flats in the Marvel Brisa project in Balewadi if the company does not complete one of the two 18-storey towers by March 2018. Marvel Brisa, a luxury housing project, has 110 2-BHK, 3-BHK and 3.5-BHK apartments and penthouses in Buildings A and B. The housing project is located at a prime location --it is close to the software hub of Hinjewadi and the Mumbai-Pune Expressway. The project is located 2 km from the Expressway and 3 km from Hinjewadi.

In the consent terms mutually agreed upon by the developer and the flat owners and filed before the adjudicating officer, the developer agreed to complete Building B by March 31, 2018, and thereafter apply for an Occupancy Certificate. If the developer fails to complete the building by that deadline, he will have to pay a rent of Rs 15,000 per month for each of the 3BHK flats.

The developer also agreed that at the time of conveyance of the Marvel Brisa Society project, he will deposit a sum of Rs 1crore in the society account. Apart from the flat owners, the conveyance of the common areas rests with the society. This is the first time MahaRera has asked the developer to pay rent to home buyers if the project is not completed by the given deadline.

Marvel Brisa is among 22 different ongoing residential luxury projects Marvel has undertaken in Pune. The developer also has three commercial projects, including the 10-storey Marvel Edge in Viman Nagar, seven-storey Marvel Fuego at Magarpatta Road (with office space and shops), and Marvel Sangria Boulevard, a pedestrian shopping plaza on NIBM Road, according to the developer\'s website.

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Director of Mumbai's Tirupati Balaji Builders in dock for duping 1,300 home buyers

Director of Mumbai's Tirupati Balaji Builders in dock for duping 1,300 home buyers

Ramesh Chaudhari, a former director of a real estate company that allegedly sold 1,290 flats, without even purchasing the land on which the residential project was to come up in Panvel, has found no relief in the Bombay high court. Justice Sadhana Jadhav took note of the hardships faced by the flat purchasers and dismissed the pre-arrest bail application filed by Chaudhari.

Chaudhari’s lawyers pleaded that he was only an employee and was a director of the company for just three years between 2012 and 2015. Further, he did not personally benefit or make any money from the proceeds of the sale of the flats, they claimed. The main accused in the case are the husband-wife duo of Mahendra Singh and Rinku Sigh, proprietors of Tirupati Balaji Builders, who have already been arrested.

Additional public prosecutor Swapnil Pednekar opposed the anticipatory bail application and produced before the court a sale agreement that had Chaudhari’s signature. The high court said he shared responsibility for the company’s offence of cheating.

The FIR of cheating was filed against Tirupati Balaji Builders at Khandeshwar police station in Navi Mumbai by one Shivaji Desai, who had bought a flat in a proposed building project named Balaji Residency. When there was no progress in the construction, Desai sought refund of the money he had paid. He subsequently filed a criminal complaint earlier this year against the developers when they failed to allot him a flat or refund his money. A police investigation revealed that Singh was the proprietor of around 12 companies and the developer had sold flats to around 1,290 persons. The high court said that it cannot be said that Chaudhari had no concern with the affairs of the company and dismissed his application.

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Builders sell parking space as flat area, mint crores - Satra Builders

Unscrupulous builders in the city have hit upon a new con to mint big money. These developers, allegedly with the connivance of the BMC's building proposals department, get plans sanctioned for car parking decks on each floor and then sell off the space as part of your apartment.

Everyone knows that nobody will take his or her car to the 15th floor. Some corrupt BMC officers are taking Rs 50 lakh for passing the building plans and Rs one crore for issuing the occupation certificate, alleged a prominent city developer.

One of the most blatant cases that has come to light is an upcoming 11-storey luxury building on Gulmohar Road in JVPD. The local residents association dug out plans using the Right to Information Act to unearth, what they claimed, were gross violations. The building proposals department has approved a mind-boggling 386 car parks in this building for just 33 flats.

Besides basement and podium parking, the Satra Builder, Praful Satra, has been allowed to construct nine car park decks on each floor of the building, which will have three wings of 11 floors each. JVPD residents and civic activists who are pursuing this case with the BMC and the state government have pointed out that although the carpet area of each flat is shown as roughly 1,500 sq ft in size, the builder has shown a saleable area of 5,000 sq ft. Prospective flat buyers are being told that they have the option of converting this parking space into their living room. When contacted, Satra's staff said he was out of the city and would not be available for the next one week.

Asked to comment on this malpractice, developer Sunil Mantri, president of the Maharashtra Chamber of Housing Industry, said, Car parking has to be underground in the basement or at a multi-level. Taking the car higher to your flat does not make sense. I have not seen this in any building abroad. The government should take a decision on this.

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Chennai Homebuyers Put Up A Fight Against Marg Properties

Chennai Homebuyers Put Up A Fight Against Marg Properties

Take a ride down OMR IT Expressway and just 4kms off Kelambakkam junction stands a deserted set of buildings. No billboards. No advertisements. No indication that it is the project site of Savithanjali by MARG Properties in Chennai. Lured by advertisements talking of state-of-the-art infrastructure, hundreds of customers invested their life savings and today, nearly 3 years later, their dream homes are still mere skeletons.

Savithanjali was supposed to be a premium gated community with 678 apartments offering hi-tech facilities. Homebuyers, many of them NRIs, dreamt of these smart homes to be a perfect replacement to the condos they were living in abroad.

Marg Properties Ltd had promised handover of Phase I in 2013 but looking at a 40% completed stagnant project, customers don’t have much hope. Their website still states the revised handover date as 2015 and the firm’s sales team is actively involved in marketing these homes, despite of no work happening at the site. Rajesh who had invested Rs 45 lakhs in the project still regrets this decision, ‘I made this investment looking at all the facilities being offered. And the bank too told me it is an approved project and so I went ahead with it. Now, looks like I have been taken for a ride.

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Dreamz Infra Scamster has CID in a SWEAT: Out on bail, he is now AWOL

Cops are hoping to get Naik’s bail cancelled before it’s too late

Sachin Naik, main accused in multi-crore realty scam, fails to show up as per bail conditions; investigators worry he might be trying to weaken case

The Criminal Investigation Department (CID) is under some pressure now after the main accused in the multi-crore Dreams Infra realty scam, Sachin Naik, has gone underground a few days after he was released on bail. Violating his bail condition that required him to report to the investigation officer every Tuesday and Friday, Naik is neither at home nor reachable otherwise. Essentially, nobody knows where he is.

The CID has officially made a submission before the first Additional Chief Metropolitan Magistrate court, requesting for the cancellation of his bail, citing the above reasons.

Naik, along with his partner Disha Choudhury, and later Mandeep Kaur, is accused of duping at least 2,500 customers through multiple realty ventures including, Dreamz Infra, TGS Real Estate and Gruha Kalyan Properties. His modus operandi was to accept advance payment from his customers for residential apartments and lure them into the trap with aggressive marketing gimmicks. The money collected was diverted into other ventures. The number of victims and the amount of money he made (at least Rs 1,000 crore) makes him one of the most wanted scamsters on CID’s radar. He was arrested in December 2016 and after multiple protests by duped customers, the probe was handed over to the CID.

Read more complains about Dreamz Infra :

• Dreamz Infra Pvt Ltd - Cheating its Customers
• Sachin Nayak started one more fraud company from Jail
• False commitments by Fraud Sachin Naik
• CID makes third arrest in multi-crore real-estate scam
• Real estate firm accused of fraud

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Prominent Pune builder among five booked for cheating

Prominent Pune builder among five booked for cheating

Pune, Aug 2 (PTI) City Police today registered a case of cheating against prominent builder and businessman Avinash Bhosale and four others for allegedly purchasing a land in Shivajinagar here originally meant for government employees.

The Chatushringi police registered a case under relevant sections of IPC against Ranjit Mohite, the original owner of the land, Avinash Bhosale, founder of ABIL Group, his son Amit and two others after a local court directed the police to register a case. 

A group of individuals had approached the court and filed a private complaint, accusing that the said land was meant for gazetted officers and according to a government resolution of 1951, the land was meant for commercial purpose and cannot be sold to any private person.

"The land in Shivajinagar, where the office of ABIL stands, belonged to Mohites grandfather, who was a gazetted officer and got the land for residential purpose," said Rajesh Bajaj, one of the complainants, who had approached the court and filed the private complaint.

He said that as per the Government Resolution (GR) of 1952, the land was meant for government employees and could be utilised only for residential purpose. "However, Mohite sold the land to ABIL Group, who used it for commercial purpose. No permission from government was taken before the deal," the complainant said.

A station duty officer at the police station said that they have registered a case against the original land owner, builder and others after court had directed them.

Meanwhile, Amit Bhosale, the MD of ABIL Group said, "I have still not been able to see the copy of the court order or the FIR. Once we get copy of both the documents, we shall study the same and decide our future course of action."

"I also wish to state that we have purchased this piece of land from a private owner by obtaining all due permissions," he added.

They have been booked under section 420 (cheating) and other sections of the IPC and further investigation was on.

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Murder Case against Ponty Chadha

A Delhi court on Friday framed murder charges against all 21 accused including sacked Uttarakhand minorities panel chief Sukhdev Singh Namdhari, in the 2012 shootout that claimed the lives of liquor baron Ponty Chadha and his younger brother Hardeep.

Additional Sessions Judge Vimal Kumar Yadav framed charges under section 302 (murder) read with section 149 (offence committed by member of unlawful assembly) of IPC against all the accused. Against one accused, Rajpal, from whom six mobile phones were recovered, the court also framed charges under section 412 (dishonestly receiving stolen property) of IPC. The court posted the matter for September 19 for commencement of trial.

Ponty and Hardeep, who allegedly involved in a property dispute, were killed in a shootout at a Chhattarpur farmhouse here on November 17, 2012.

On January 28, 2014, the trial court had dropped murder charges against all the accused and added culpable homicide not amounting murder charges under section 304 of IPC against the alleged main conspirator Namdhari and his Personal Security Officer Sachin Tyagi.

On May 15, on the plea of police, Delhi High Court had directed framing of murder charges against all the 21 accused. Ponty and Hardeep were also charge sheeted in the case.

However, the trial against them had abated as they were killed in the shootout. The court had ordered framing of criminal conspiracy, common intention and those under the Arms Act against all the 21 accused for trying to take over the disputed farmhouse from the possession of Hardeep.

The Delhi Police had filed two charge sheets in the case and levelled murder charges against all the accused. The first charge sheet had named Ponty as an accused as he had reached the place of the incident with Namdhari and others as part of his "well-hatched conspiracy" to take possession of the south Delhi farm house.

The supplementary charge sheet had accused Hardeep in the case, saying the probe has shown Ponty was killed by the shot fired at him by his brother.

Read more about Ponty Chada builder on CheatedBuyers.com

•     Ponty Chadha case: Court frames murder charges against 21 accused
•     Rs 125cr found in Ponty Chadha's Noida mall

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2,000 investors, Rs 800 crore paid, but not a brick laid for project launched in 2009

2,000 investors, Rs 800 crore paid, but not a brick laid for project launched in 2009

Eight years ago, a large residential-cum-commercial project, the kind that have sprung up across Gurgaon and other parts of NCR over the years, was launched in Manesar. It got nearly 2,000 buyers, who saw their investments taking concrete shapes on a 104-acre plot. But today, the barren plot is all they have to look at.

The project, Aditya Niketan, never took off. Collectively, the investors say they have paid a whopping Rs 800 crore to the developer, ABW Infrastructure Ltd. And they are worried their money will sink because the plot is mired in litigations, a CBI probe into deals for the land is on, and an RTI reply has informed them the developer did not acquire approvals or licence for the project.

ABW Manesar Allottee Welfare Society, the association of buyers, claimed 1,974 allottees had paid Rs 800 crore as well as Rs 45 crore as external and internal development charges to the Haryana government through the developer for ABW Aditya Niketan, the township was to come up in Sector M1.

Three FIRs have, meanwhile, been filed against the developer, two by homebuyers and one by the department of town and country planning (DTCP), in 2016. But these have failed to provide any relief to the buyers till now. The developer could not be reached for comment.

Read more about ABW Infrastructure on CheatedByers.com

• Officials of ABW Infrastructure booked for cheating
• Police probes Delhi-based builder for duping man of Rs 15 lakh

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Fraud case against Zoom Developers Indore

Rs 2,500cr fraud: Zoom Developers' former VP denied bail

Indore bench of Madhya Pradesh high court has rejected the bail application of Sharad Kabra, former vice-president of Zoom Developers Pvt Ltd, accused in Rs 2,500-crore money laundering case.

Justice PK Jaiswal rejected the bail application given the seriousness of offence. Earlier, a local court here had turned down the application on similar grounds, against which Kabra had moved the high court.

From 2005 to 2010-11, Zoom Developers Pvt Ltd, an engineering procurement and construction firm registered in Indore and operating from Mumbai, had taken loans worth Rs 2,200 crore from more than 20 banks for various projects in European countries. None of the projects ever started and loans were siphoned off through dummy firms.

The money was transferred to dummy companies and properties were bought in the name of Zoom Developers in and outside India. Land in California was purchased in the company's name.

The case is considered to be one of the biggest bank loan frauds in the country.

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Frustrated real estate buyers by DLF Builder

DLF gets shareholder nod for promoters Rs 12,000 crore stake sale

This deal, the biggest in the country's realty space, included sale of 33.34 per cent stake in DLF Cyber City Developers Ltd (DCCDL) to Singapore's sovereign wealth fund GIC for Rs 8,900 crore and a buyback of the remaining shares worth Rs 3,000 crore by DCCDL.

In a filing to the BSE, DLF said a special resolution to approve this transaction was passed at the company's AGM held yesterday. As many as 99.96 per cent of shareholders voted in favour. The promoters, who hold 75 per cent stake in DLF, did not vote on this resolution.

From DLF, Prestige Estates to Shobha, realty majors set to report poor Q2 numbers

Cost overruns and festive discount offers are expected to erode the profitability of real estate firms in the upcoming quarterly earnings, according to market analysts. Realty majors such as DLF, Prestige Estates and Sobha are expected to report a drop in profitability by as much as 30% compared to the preceding quarter.

Companies are having to rely heavily on discount or some form of ease-of-payment schemes to generate any interest in their projects. Additionally, companies, including DLF and Prestige, are liable to pay a high interest cost, which is aggravating the crisis.

Read more information about DLF Project :

• KCZMA files another affidavit in SC against DLF's Kochi project
• Expect DLF to get mostly debt-free over next 12 months
• GIC buys 12.01 lakh DLF shares from open market, stake tops 5%
• DLF also cheat all buyers
• DLF flat buyers awaiting occupancy
• DLF’s annual rental income to rise 12 pct at Rs 2,900 crore in FY18

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Vatika Group property fraud in Gurgaon

Complainants are misleading, says Vatika Group

A few days after a case of cheating and fraud was registered against real estate developer Vatika Group’s Managing Director and three others, senior officials of the group have said that they were being implicated in a false case.

The managing director (MD) and two directors of real state developer Vatika Group have been booked for cheating and fraud of Rs.1 crore.

Following are the complains against Vatika Group

• FIR against Vatika Group MD, three others on fraud, cheating charges

• Vatika MD, directors booked for fraud

• FIR filed against managing director of Gurgaon based Vatika Group

Find out and connect with other buyers in the project where you have invested @ www.cheatedbuyers.com

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Fraud Real Estate Builder Vigneshwara Avenue in Noida

Vigneshwara group MD arrested by EOW

Finally builder & one of the director of vignehwara developer Sunil Dahiya arrested by police

How vigneshwara developers did a scam

Please  see this how developer cheat all buyers & make scam of more than 1000 CR

Builder doing a fraud of Rs 1000 Cr

Builder doing a fraud of Rs 1000 Cr with home buyers..he Advertise home on cheap price and after that both builder brother are run away

Cheating case against builder

Fraud real estate developers in noida

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