Police in Gurgaon have taken decisive legal action against a prominent real estate developer following serious allegations from over a thousand homebuyers. An FIR has been officially registered against the directors and office-bearers of Ocean Seven Buildtech Pvt Ltd for multiple criminal charges related to a stalled affordable housing project.
Serious Criminal Charges and Key Accused
The First Information Report was filed at the Bajghera police station under several sections of the Indian Penal Code. The charges include cheating (Section 420), criminal breach of trust (406 and 409), and criminal conspiracy (120-B). The police have named three individuals as the primary accused: Swaraj Singh Yadav, Sunita Swaraj Yadav, and Arun Yadav.
This legal action was initiated based on a formal complaint submitted by the Expressway Towers Gurgaon Buyers Association. This group represents a staggering 1,089 allottees who invested in the project. Senior police officers directed the registration of the case after reviewing the extensive complaint, and an assistant sub-inspector has been assigned to lead the investigation.
Allegations of Fraud, Intimidation, and Fund Diversion
The core of the dispute revolves around the Expressway Towers affordable housing project located in Sector 109. According to the FIR, Ocean Seven Buildtech launched this project in December 2016 under the government's Affordable Housing Policy. The company had promised possession of the flats to buyers by the year 2022.
However, nearly nine years after the launch, the situation is grim. Buyers allege that construction work has been completely stalled, with only about 65-70% of the work completed. Despite repeated requests and assurances from the builder, no credible timeline for project completion has been provided, leaving families in financial and emotional distress.
Adding a disturbing layer to the case, homebuyers have accused the builder of employing intimidation tactics. The complaint states that bouncers and armed guards were deployed at the construction site to restrict entry and prevent investors from questioning the endless delays. Furthermore, the accused allegedly sent legal notices demanding exorbitant sums of money—in some cases running into crores of rupees—to suppress dissent and discourage buyers from approaching law enforcement agencies.
Deepening the Fraud: Cancellation and Resale of Allotted Flats
One of the most severe allegations detailed in the FIR points to a systematic fraud in the allotment process. Buyers claim that flats which were already officially allotted to them through a transparent draw of lots were illegally cancelled and then resold to third parties.
This resale was allegedly done without following any due process or issuing proper public notices, which is a clear violation of affordable housing policy norms. To legitimize these fraudulent resales, the directors are accused of using forged and fabricated newspaper cancellation notices.
The complainants have stated that the directors fraudulently induced buyers to invest their life savings with no real intention of ever completing the project. The police investigation will now focus on examining a wide range of documents to uncover the truth. Officials confirmed that financial records, escrow account transactions, and all project-related documents will be scrutinized. The primary aim is to trace any alleged diversion of funds and fix individual accountability for this massive alleged fraud.
What Happens Next?
The registration of the FIR marks a significant victory for the long-suffering homebuyers who have been fighting for justice. The police investigation will determine the flow of funds and whether the money collected from buyers was misused or diverted elsewhere. This case highlights the persistent risks in the real estate sector and underscores the importance of robust legal recourse for consumers. The outcome will be closely watched by thousands of other homebuyers across the National Capital Region who face similar situations with delayed projects.
