Real Estate firm cheat 6 home buyers-51 wait for 11 years for possession
Real Estate firm cheat 6 home buyers-51 wait for 11 years for possession
It’s not something new of Realty firms cheating home buyers. News comes to light that 51 Homebuyers Wait 11 Years to get possession of flat.
The Goregaon police have registered a case against the directors of real estate firm Kiyana Ventures LLP Developers, its partner and project in-charge for cheating six home buyers of Rs 17.68 crore by persuading them to invest in an under-construction project in Siddharth Nagar in the suburb.
The accused are Parag Munot, Mofatraj Munot and Anju Munot from Kiyana Ventures, their partner Ismail Kanga, project in-charge Devesh Bhat, project director Narendra Lodha, and signatory authority Omprakash Mehta.
The complainant to this cheaters is 61-year-old Ishwarlal Vanjara, a resident of Ashok Nagar, Kandivali East.
In April 2013, Vanjara had booked a flat in the Goregaon project in anticipation of his retirement in 2018 and the developers ensured to give him possession in June 2017.
He booked a 2BHK flat worth Rs2.20 crore and transferred Rs2.09 crore to the Kiyana’s bank account between October 2014 and June 2018. He also spent additional amounts on registration and stamp duty, paying a total of Rs2,20,38,705 crore to the developers. However, he did not get possession of the flat.
Meanwhile, Vanjara met other home buyers who too had invested in the project and hadn’t got their flats – Chetan Dilip Negandhi, Jayesh Anand Chaudhary, Rakesh Shah, Jitendra Jain, and Vishal Bandhe.
As per Vanjara, Gandhi paid
Rs 3.46 crore, Chaudhary
Rs 4.16 crore, Shah Rs 2.81 crore, Bandhe Rs 3.33 crore, and Jain Rs 1.70 crore, amounting to Rs 15,48,11,637 to the developers.
In September 2022, Vanjara, along with 50 other investors, met at the office of the accused in Santacruz, where Munot and Kanga agreed to complete the construction of the building within six months and hand over the flats. However, even after a year, they did not honour their commitment and kept the buyers waiting for 11 years.
A case was lodged at the Goregaon Police Station on June 6 against the Munots, Kanga, Bhat, Lodha, and Mehta under sections 409 (breach of trust), 420 (cheating and dishonestly), 34 (common intention) along with relevant sections of the Maharashtra Depositors Act At Goregaon police station.
News Edit K.V.Raman
