Homebuyers Cheated

The Delhi High Court granted bail to former Amrapali Group director Ajay Kumar on Friday in four cases of cheating and fraud lodged by the police on complaints from homebuyers in various residential projects of the real-estate company.

Police have arrested four persons, including a woman, for allegedly cheating more than 150 homebuyers to the tune of Rs 3.75 crore across three districts of Maharashtra, including Mumbai.

An Audi car, Rs 85 lakh in cash and documents were seized during recent raids against a Punjab-based real estate group in connection with a money laundering case linked to alleged cheating of homebuyers, the ED said on Tuesday.

Two persons were arrested by the Economic Offences Wing of the Delhi Police for allegedly duping 45 homebuyers to the tune of Rs 4.60 crores under the garb of the Land Pooling Policy of DDA, informed Special Commissioner of Police DC Shrivastav.

Two persons have been arrested for allegedly duping around 250 homebuyers of Rs 29 crore on the pretext of a housing society project under a scheme of the Delhi Development Authority, police said on Thursday.

Six people were arrested by the Economic Offences Wing of the Delhi Police in three cases involving cheating of homebuyers under the garb of Land Pooling Policy of DDA, the police said on Wednesday.

In a relief for thousands of home-buyers stuck with incomplete projects of embattled realty developer Amrapali Group, the Supreme Court on Wednesday directed banks and other financial institutions to restructure loans declared as non-performing assets. The top court said the lenders will have to release the amount to home-buyers as per Reserve Bank...

A 42-year-old builder wanted for duping over 350 people of several crores by promising them apartments has been arrested in Navi Mumbai township of Maharashtra, police said this morning.

In a major setback for property developers, the Supreme Court on Friday upheld the amendments to the Insolvency and Bankruptcy Code, granting homebuyers the status of financial creditors. The top court said the move does not infringe the rights of property developers. The Supreme Court also said homebuyers enjoy the same rights as financial credito...

Equating cheating of home buyers by greedy builders with rape, BJP leader Vijay Goel on Thursday demanded stringent action against them.

All unfinished housing projects of real estate group Amrapali, which has been accused of fraud, will be taken over by state-run National Buildings Construction Corporation (NBCC), the Supreme Court said in a landmark judgement on Tuesday. The verdict brings big relief for more than 42,000 homebuyers who had sought possession of flats booked in Amra...

The Supreme Court on Wednesday rejected the bail plea of jailed directors of real estate company Unitech, Sanjay Chandra and his brother Ajay Chandra. The beleaguered realty firm is facing the wrath of the court in a case related to alleged siphoning of homebuyers' money. A bench of Justices DY Chandrachud and Hemant Gupta said Sanjay Chandra did n...

Asking why criminal proceedings should not be initiated, the Supreme Court on Wednesday ordered seizure of assets of the embattled real estate group Amrapali. The order of the court relates to the case of non-delivery of flats to around 42,000 homebuyers. Calling the company the "worst kind of cheater in the world" and "a perfect liar" for not com...

A detailed project report on the 16 stalled projects of real estate major Amrapali group will be submitted to the Supreme Court next week, National Buildings Construction Company (NBCC) said on Thursday. The matter relates to non-delivery of flats to around 42,000 homebuyers by the embattled Amrapali group. NBCC chairman and managing director Anoop...

A top executive of the beleaguered Amrapali group has to furnish by Thursday details of the benefits he received from the firm, after the Supreme Court was told that he got a luxury car worth Rs 43 lakh. A total of Rs 2 crore was also paid as income tax of chief financial officer (CFO) Chander Wadhwa by a sister company of the Amrapali group, foren...

The Delhi High Court granted bail to former Amrapali Group director Ajay Kumar on Friday in four cases of cheating and fraud lodged by the police on complaints from homebuyers in various residential projects of the real-estate company.

Police have arrested four persons, including a woman, for allegedly cheating more than 150 homebuyers to the tune of Rs 3.75 crore across three districts of Maharashtra, including Mumbai.

An Audi car, Rs 85 lakh in cash and documents were seized during recent raids against a Punjab-based real estate group in connection with a money laundering case linked to alleged cheating of homebuyers, the ED said on Tuesday.

Two persons were arrested by the Economic Offences Wing of the Delhi Police for allegedly duping 45 homebuyers to the tune of Rs 4.60 crores under the garb of the Land Pooling Policy of DDA, informed Special Commissioner of Police DC Shrivastav.

Two persons have been arrested for allegedly duping around 250 homebuyers of Rs 29 crore on the pretext of a housing society project under a scheme of the Delhi Development Authority, police said on Thursday.

Six people were arrested by the Economic Offences Wing of the Delhi Police in three cases involving cheating of homebuyers under the garb of Land Pooling Policy of DDA, the police said on Wednesday.

In a relief for thousands of home-buyers stuck with incomplete projects of embattled realty developer Amrapali Group, the Supreme Court on Wednesday directed banks and other financial institutions to restructure loans declared as non-performing assets. The top court said the lenders will have to release the amount to home-buyers as per Reserve Bank...

A 42-year-old builder wanted for duping over 350 people of several crores by promising them apartments has been arrested in Navi Mumbai township of Maharashtra, police said this morning.

In a major setback for property developers, the Supreme Court on Friday upheld the amendments to the Insolvency and Bankruptcy Code, granting homebuyers the status of financial creditors. The top court said the move does not infringe the rights of property developers. The Supreme Court also said homebuyers enjoy the same rights as financial credito...

Equating cheating of home buyers by greedy builders with rape, BJP leader Vijay Goel on Thursday demanded stringent action against them.

All unfinished housing projects of real estate group Amrapali, which has been accused of fraud, will be taken over by state-run National Buildings Construction Corporation (NBCC), the Supreme Court said in a landmark judgement on Tuesday. The verdict brings big relief for more than 42,000 homebuyers who had sought possession of flats booked in Amra...

The Supreme Court on Wednesday rejected the bail plea of jailed directors of real estate company Unitech, Sanjay Chandra and his brother Ajay Chandra. The beleaguered realty firm is facing the wrath of the court in a case related to alleged siphoning of homebuyers' money. A bench of Justices DY Chandrachud and Hemant Gupta said Sanjay Chandra did n...

Asking why criminal proceedings should not be initiated, the Supreme Court on Wednesday ordered seizure of assets of the embattled real estate group Amrapali. The order of the court relates to the case of non-delivery of flats to around 42,000 homebuyers. Calling the company the "worst kind of cheater in the world" and "a perfect liar" for not com...

A detailed project report on the 16 stalled projects of real estate major Amrapali group will be submitted to the Supreme Court next week, National Buildings Construction Company (NBCC) said on Thursday. The matter relates to non-delivery of flats to around 42,000 homebuyers by the embattled Amrapali group. NBCC chairman and managing director Anoop...

A top executive of the beleaguered Amrapali group has to furnish by Thursday details of the benefits he received from the firm, after the Supreme Court was told that he got a luxury car worth Rs 43 lakh. A total of Rs 2 crore was also paid as income tax of chief financial officer (CFO) Chander Wadhwa by a sister company of the Amrapali group, foren...