Delhi Police EOW Takes Action in Major Real Estate Fraud Case
The Economic Offences Wing of Delhi Police has registered a significant fraud case. This case involves more than Rs 250 crore. Promoters of a real estate group and their associated companies face serious allegations. They stand accused of defrauding hundreds of homebuyers in a major township project.
Court Directions Lead to Case Registration
Police officials registered the case on January 15. This action followed specific directions from the Saket court. The court intervened after authorities allegedly failed to act on an earlier complaint. A private company originally filed this complaint against the real estate group.
The complaint contains multiple serious charges. These include cheating, criminal breach of trust, and forgery. All these allegations relate to a large township development project in Gurgaon. The project promised modern living spaces to numerous buyers.
Violation of Collaboration Agreement
The accused parties entered into a collaboration agreement back in 2016. This agreement focused on developing land for the township project. According to its terms, a portion of developed plots should have gone to the complainant company. This transfer needed to happen before any sales occurred.
However, the real estate group allegedly violated this agreement completely. The complainant company received neither its promised share of plots nor the original land. Police investigations reveal troubling details about what happened next.
Unauthorized Sales and False Claims
Investigators state that the accused sold the land to third parties without proper consent. They made these sales while falsely claiming ownership of the property. During this process, they collected substantial amounts of money from hopeful homebuyers.
This case highlights growing concerns about real estate practices in the National Capital Region. Hundreds of families now face uncertainty about their investments. The Economic Offences Wing continues its investigation into this complex financial matter.
