Logo
Govt of India
Logo
bg
bg
bg
PMAY

 

5 realty partners held for duping 17 people of over Rs 4 crore in Mumbai

22 Aug 2016

SRA Building project - 5 realty partners held for duping 17 people of over Rs 4 crore in MumbaiMUMBAI: Five partners of a developer firm have been captured for allegedly cheating nearly 17 people of over Rs 4 crore by promising them flats in a slum rehabilitation authority SRA Building project at Lalji Pada in Kandivli (W). Kandivli resident Ketan Jasani, whose father and three uncles booked four homes in the project in 2010, claimed that Dinesh Nahta, Mohammed Badguzar and three different partners of Sanjog Developers did not build the building in spite of taking token cash. Rather, they sold the project to another developer who finished the SRA building. In a SRA Building project, the developer rehabilitates the illegal slum dwellers on the same plot and economically exploits the rest of the plot that is permitted as a free-sale component. "My dad and uncles sold their lands in our hometown to book the four flats for a token of Rs 25 lakh each. The developer guaranteed us possession in 2013," Jasani told. Himmat Viradiya, another complainant, said he booked a flat after seeing a notice of the project. "The developer was to construct our building in the additional FSI he would get after finishing the SRA building, however he continued deferring the work. Unable to finish the project, Sanjog Developers sold the project to another developer, yet did not inform him about our cash or flats," Viradiya included. The five were captured on Saturday and booked under IPC segments 34 (common intention), 406 (breach of trust) and 420 (cheating and dishonestly inducing delivery of property). 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


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
Dwarka Expressway: Huda allots alternate plots to oustees from Kherki Daula 25 Aug 2016
GURGAON: Moving near to solving one of the most vexed issue, movement of oustees, for consummation of Northern Peripheral Road (NPR), also called Dwar Read More
Zara Homes Sector 112 Gurgaon Coming Soon... 13 Aug 2016
ZARA Infrastructure Private Limited coming with his 2nd Affordable Housing Project in the Heart of Gurgaon Sector- 112 Gurgaon After grand success of Read More
DLF could look at tweaking residential business model post notification of RERA rules 01 Sep 2016
NEW DELHI: Real estate firm DLF is waiting for the final rules under the real estate regulatory act to be told to perceive how it can change its plan Read More
Do You Know 06 May 2015
GURGAON: A pilot smart grid project, envisaged as the backbone for the government's dream to build smart cities across India, was announced in Gurgaon Read More
Anuj Puri launches realty investment, fund platform 07 Jul 2017
Anuj Puri, former chairman & country head of international property consultancy JLL India, through recently acquired residential brokerage busi Read More
Builders find giving refund on delays tough, look to finish pending projects 10 Sep 2016
NEW DELHI|MUMBAI: Indian courts have been twacking one builder or the other for not delivering homes they promised buyers of late. The Supreme Court h Read More

Pareena Laxmi Homes

Zara Rossa

Lotus Homz Affordable Housing

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