Mumbai builder booked for cheating flat buyers of Rs 22 crore
[The case was later transferred to the EOW as the cheating amount is over Rs 3 crore]
The city economic offences wing (EOW) is probing a cheating and breach of trust case against a realty firm and its directors for cheating flat buyers of Rs 22 crore.
Bharat Amar Singh (50), who had booked a flat in Kul Court at Sundar Nagar in Kalina, Santacruz (E) in 2011, filed a complaint with the Vakola police claiming that Kumar Builders Mumbai Realty Pvt Ltd had promised to give possession of the flats in 2011, but is yet to complete the project.
The case was later transferred to the EOW as the cheating amount is over Rs 3 crore.
The directors--Pranay Jain and his father Lalitkumar--and an employee Shefali Sancheti have been booked under IPC sections 406 (criminal breach of trust), 409 (criminal breach of trust by public servant, or by banker, merchant or agent), 420 (cheating and dishonestly inducing delivery of property), and 120B (criminal conspiracy) as well as under relevant sections of the Maharashtra Ownership Flat Act (MOFA).
“It's a redevelopment project. Besides cheating new buyers, the developer also stopped paying rent to the original residents who were moved out when the building was pulled down. Their matter was being heard in the Bombay high court when Singh registered a criminal case against the firm,“ said an economic offences wing officer. “Till date, 13 flat buyers have approached the police and complained against the developer,“ added the officer.
According to the MOFA, once a buyer pays 20% of the flat property price, the project has to be registered. The complainant alleged that the developer did not have all the requisite permissions for redevelopment, including registration.
Bharat Amar Singh (50), who had booked a flat in Kul Court at Sundar Nagar in Kalina, Santacruz (E) in 2011, filed a complaint with the Vakola police claiming that Kumar Builders Mumbai Realty Pvt Ltd had promised to give possession of the flats in 2011, but is yet to complete the project.
The case was later transferred to the EOW as the cheating amount is over Rs 3 crore.
The directors--Pranay Jain and his father Lalitkumar--and an employee Shefali Sancheti have been booked under IPC sections 406 (criminal breach of trust), 409 (criminal breach of trust by public servant, or by banker, merchant or agent), 420 (cheating and dishonestly inducing delivery of property), and 120B (criminal conspiracy) as well as under relevant sections of the Maharashtra Ownership Flat Act (MOFA).
“It's a redevelopment project. Besides cheating new buyers, the developer also stopped paying rent to the original residents who were moved out when the building was pulled down. Their matter was being heard in the Bombay high court when Singh registered a criminal case against the firm,“ said an economic offences wing officer. “Till date, 13 flat buyers have approached the police and complained against the developer,“ added the officer.
According to the MOFA, once a buyer pays 20% of the flat property price, the project has to be registered. The complainant alleged that the developer did not have all the requisite permissions for redevelopment, including registration.
Comments
Post a Comment