Logo
Govt of India
Logo
bg
bg
bg
PMAY

 

Marketing manager of Delhi-based Horizon Buildcon booked for transferring Rs 6 crore homebuyer cash in personal account

19 Aug 2016

NOIDA: A marketing manager of a development organization has been booked for transferring  Rs 6 crore gathered from numerous home buyers into his own account through forged documents. It is believed that he tricked more than 100 buyers and is on the run from that point onward. A case was registered on Wednesday against the accused Suninder Sandha based on the complaint by Ambika Sharma, director of Delhi-based Horizon Buildcon Pvt Ltd. Sharma said the organization was building up a project in Sector 86 where about 780 flats were being developed inside the society. The organization had launched the project and employed a few marketing executives and directors including Sandha in 2012. The organization additionally opened an office in Sector 2 in Noida where buyers could book flats. Sharma said Sandha was dealing with the financial dealings with customers and home buyers. On July 2, a retired Air Force officer visited the organization office in Noida. He said he needed to drop his booking and requested that the firm give back his cash. The organization authorities checked the records and observed that Rs 12.81 lakh was paid by the officer. But, the officer informed them that he had really paid Rs 16.41 lakh to the organization. After investigations, the organization found that Sandha had opened another account of the organization and were making numerous transactions over the last four years. Sharma said Sandha had managed to open a bank account without the company's knowledge and booked for  transferring Rs 6 crore homebuyer cash in personal account. Amarnath Yadav, SHO, Sector 20 police headquarters, stated primary investigation confirmed that the accused had floated his own real estate firm and invested the money. " We are investigating the case. His arrest will help us connect the dots on how many people have been cheated in the fraud," he said. By Sanjay Bansal | Founder & CEO | Affordable Homes India

Pareena Laxmi Homes

Pareena Laxmi Homes

Discuss on this Topic

Pareena Laxmi Homes

Latest Real Estate News


Final hurdle on Dwarka e-way off, to be ready by March 2018 13 Jan 2017
New Delhi: The Northern Peripheral Road, the 24-km long 8-laned expressway awaiting completion since 2012, seems to be finally on the home stretch Read More
PM Awas Yojana: Realtors hail increase in carpet area for houses; stocks up 17 Nov 2017
The Centre on Thursday approved the enhancement of the carpet area of houses for the middle-income group (MIG) category under the Pradhan Mantri Aw Read More
Cabinet nod for Rs 25,700 crore convention centre at Dwarka 11 Nov 2017
NEW DELHI: The Cabinet on Friday approved Rs 25,703 crore for development of an Exhibition-cum-Convention Centre at Dwarka here to put the national Read More
Get your home custom-made the way you want In Gurgaon. 16 Sep 2017
PAREENA Developers offering an option to get one’s home custom-made the way one desires. Customisation in India is no more restricted to Read More
Create jobs to boost commercial real estate 16 Jul 2017
Realty consultants want the state to do whatever it takes to attract big names in the IT sector as that will create more job opportunities Read More
Realtors must enroll under Madhya Pradesh RERA to get land registered 16 Jul 2017
  The local stamp and registrar office has received fresh instructions to ‘discourage’ property registration by builders and c Read More
Under Real Estate Regulation Rules state cabinet excludes realty projects that are complete 60% 09 Jul 2017
  The state cabinet on Wednesday cleared the long-awaited Real Estate (Regulation and Development) Rules, framed under the Real Estate Reg Read More

Trending News


Lodha Group launches startup investment fund for realty, smart city technologies 05 Jan 2017
Realty developers Lodha Group has launched its maiden investment fund for startups focused on smart city solutions and overall real estate sector. Wit Read More
Alternative Investment Fund investments rise to Rs 20,600 crore 09 Aug 2016
New Delhi: Investments made through Alternative Investment Funds (AIF) have risen to more than Rs 20,600 crore at the end first quarter of the current Read More
4 housing projects in Gr Noida with 5,000 flats to be cleared for handover by September 30 24 Sep 2016
GREATER NOIDA: Four housing projects — Sam India, AIG, La Residentia and Nirala — in Greater Noida will be issued completion certificates by September Read More
How much risk can you afford to take 01 Sep 2016
Each money related investment has a risk-reward ratio attached to it. Hazard appetite can be characterized as the level of risk an individual will tak Read More
Home sales up 9% in June quarter, see 3rd straight quarter growth: Liases Foras 17 Aug 2016
New Delhi: Home Sales Up 9% in June Quarter to June with compared to that a year ago, marking the 3 straight quarter of expansion and indicating green Read More
Realtors must enroll under Madhya Pradesh RERA to get land registered 16 Jul 2017
  The local stamp and registrar office has received fresh instructions to ‘discourage’ property registration by builders and c Read More
'Maintenance free' highways in India soon as NHAI signs MoU with IIT-Kharagpur to develop technology 10 Aug 2016
New Delhi: National Highways Authority of India (NHAI) has signed memorandum of understanding (MOU) with IIT-Kharagpur for research project to develop Read More

Lotus Homz Affordable Housing

Zara Rossa

Pareena Laxmi Homes

Value Added Services

 

Government Housing Scheme

 

Banking

  • Prime Minister Awas Yojana
  • Prime Minister Awas Yojana ( Gramin )
  • Samajwadi Awas Yojana
  • Deen Dayal Jan Awas Yojana
  • Mukhya Mantri Awas Yojna Rajasthan
  • Affordable Housing Policy 2013
  • Smart Cities Mission
  • DDA Land Pooling Policy 2018

Banking Partners

 

HDFC

  • Corporation Bank
  • HDFC
  • IDBI Bank
  • LIC Housing Finance
  • Oriential Bank of Commerce
  • Reliance Home Finance
  • Bank of Baroda
  • SBI Home Loan
  • ICICI Bank Home Loan
  • India Bulls Home Loan
  • Axis Bank
  • PNB Housing Finance