Police custody of two builders extended in fraud case - WS Developers

A magisterial court here on Saturday extended the police custody remand of two directors of a construction firm in a case of defrauding prospective home buyers.

The accused, Jayant Chandrakant Waydande and Yogesh Vasant Shelar, had made false and misleading claims about development of residential schemes at locations on the eastern outskirts of the city. Waydande and Shelar, directors of WS Developers, were arrested on May 9 by the Swargate police after one of the buyers lodged a complaint alleging cheating and fraud by the firm.

In March 2012, the complainant, Vilas D Ghadge, who lives in Kothrud, had booked a 740 sqft 2BHK flat in Shrushti Orbit scheme proposed by the firm at village Kolewadi off Pune-Ahmednagar Road in Haveli taluka. The firm promised delivery of possession of the flat by 2015 but construction work at the site never took off. Inquiries by Ghadge at the talathi and sub-registrar's office revealed that the land where the scheme was proposed to come up did not belong to the firm.

The court on May 10 had ordered Waydande and Shelar's remand in police custody for four days to facilitate further probe. On Saturday, the Swargate police produced the accused before first class judicial magistrate Sheetal Bangad and sought their further remand in police custody as more than 250 complaints of similar nature were received against them. Lawyer Nilesh Bhandari, who is representing Ghadge, told TOI, "The firm has floated other schemes at different locations including Wagholi, Wade Bolhai and Ranjangaon."

Lawyer Suchit Mundadha, who appeared for the two accused, submitted that the police have already recorded statements of the owners of the land where scheme was proposed. He submitted that the firm had taken the land from these owners and planned to develop the scheme. The process was securing various permissions was also on. If anything, it was a case of delay in delivery of possession, he argued.

Also read Fresh fraud case filed against two builders - WS Developers

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Two engineers arrested for duping Vascon of Rs 34 crore - Vascon Engineers

Two engineers arrested for duping Vascon of Rs 34 crore -  Vascon Engineers

The crime branch, Pune, on Thursday arrested two building engineers for allegedly duping the real estate company, Vascon Engineers, to the tune of over Rs 34 crore.

The suspects, Amol Shirodkar (27) of Thane and Rahul Sonawane (27) of Navi Mumbai, had surrendered to police, following directions from the Bombay high court.

Seeking their police custody, assistant public prosecutor Shilpa Mahatekar told the court that the custodial interrogation of the duo was essential as they had misappropriated the money by preparing forged bills of building materials, this after seeking the sanction of their superiors. And that their custody was required to find out if they had amassed any property with the fraud money.

The court of judicial magistrate first class S N Karakdande upheld the prosecutions plea and remanded them in police custody till May 13.

Police had earlier arrested the former vice president Manoj Kallur (48), a resident of Kanchan Galli, Law College Road, and site engineer Arvind Gangbaksh Singh after a complaint was lodged by Vascon's chartered accountant Muthuswami Krishnamurthy.

The fraud, that took place between November 1, 2007, and July 31, 2009, had come to light during the audit of the two projects -- Neelkanth Palacia and Neelkanth IT Park.

The company had found that the cost of the projects had been inflated with the submission of fake bills and tampering of records. The company also found that the good quality material had been sold as scrap.

Another complain on Vascon Engineers is 6 Vascon employees booked for fraud. 

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FIR against builders for cheating flat buyers of Rs 120 cr - RNA Developers

111 flat buyers allege they did not get possession or registration deeds

The Mumbai Police's Economic Offences Wing (EOW) on Wednesday registered an FIR against the directors of Skyline Constructions, a subsidi ary of RNA Developers, for cheating several flat buyers by neither giving them possession of their flats, nor registering their agreements. The Goregoan police registered a case against the builders for allegedly cheating at least 111 flat buyers to the tune of Rs 120 crore, the FIR said. It also said that a number of permissions needed for the project were missing.

According to the complainant, Nandan Shrivastav, a resident of Raheja Residency, Film City, Goregoan, he saw a flat in RNA Exotica -a project at Ram Mandir Station in Goregaon -and booked the 1,004-sq-ft apartment at a rate of Rs 7,463 per sq ft, which amounted to Rs 1.26 crore in total.

“From time to time, I paid the company money as was decided. But later, they were not ready to draw up the registration agreement. Only when I met one of the directors, Saranga Aggarwal, in January 2016, did they carry out the registration agreement,“ Shrivastav said in his statement to the police. Shrivastav was told by the company that a railway station would come up soon near the project, as also a flyover. He said Vaibha Assi, a manager at the project, also told him that there would be four wings with 42 floors each, and the project would have a clubhouse, jogging track and swimming pool.

He said that when he tried to meet Saranga or Gokul Aggarwal, they ini tially said that the project would be completed soon. But the delays continued and the directors later refused to meet the flat buyers. Shrivastav said he and others then realised that they had been cheated and went to the local police station. Police there asked them to approach the Economic Offences Wing as the value of the alleged cheating was more than Rs 3 crore.

The EOW has registered the case against Gokul Aggarwal, Anubhav Aggarwal and Saranga Aggarwal all directors of Skyline Construction, a subsidiary of RNA Developers. They have been booked for cheating and criminal breach of trust.

In all 111 buyers have claimed they were not given registered agreements, or that their flats were not registered, and they were not handed over possession of the flats despite paying most of the money. In all, 32 floors of the project are complete.

Sadiya Khan, who represents RNA, told Mumbai Mirror that it was not possible to comment on the matter as the directors were travelling.

To know more read this news:

• Allahabad Bank to auction RNA Corp's HQ to recover dues
• Buyers waiting from last 8 years
• HC asks Mira Road police to file status report on land dispute by October 12
• BUILDER DUPES BUYERS OF RS 15 CR WITH FAKE 33-STOREY BUILDING PLAN

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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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Hubtown Greenwoods Home Buyers File FIR Against Builder in Thane

Hubtown Greenwoods Home Buyers File FIR Against Builder in Thane


Frustrated with delivery delays, home buyers of Hubtown Greenwoods in Thane file FIR against the developer.

All builders are cheated by builder. so finally Hubtown Greenwoods Home Buyers File FIR Against Builder In Thane

Hub Town Green Woods Home Buyers Said : Please say anything else expect \"Delay\".... because project start in 2009 but still delay for giving possession

Please Check other Complaints against Hubtown Greenwoods builder below :

Hubtown MD arrested for Rs 106cr fraud

Top city builder arrested for Rs 106cr fraud