143 flat buyers yet to get possession of their dream home even after 15 years
143 flat buyers yet to get possession of their dream home even after 15 years
It has been 15 years, yet 143 flat buyers are yet to get possession of their dream home. They have been duped of Rs 80 crore and EOW have booked the builders
As per police complaint, in the first case, Ashit Doshi and Manish Shah of Zeus Housing and Construction, along with other directors of the company, sold four flats at Zeus Residency project in Sion, Antop Hill, to a Mahim resident for
Rs 67.50 lakh.
They sold flats to 75 buyers in total, collecting Rs 66.80 crore from them between 2013 and 2024. The builders failed to complete the construction work within the stipulated time and allegedly misused the buyers’ money for personal gains, defrauding the buyers, the FIR states.
Reportedly, the Economic Offences Wing (EOW) of the Mumbai police has registered two separate cases of housing fraud, in which 143 flat buyers were allegedly duped of nearly Rs 80 crore by builders. The accused builders allegedly accepted payments 11 years ago but are yet to deliver the promised flats. The EOW has charged the builders and directors of the respective real estate firms with cheating, breach of trust, and violations under the Maharashtra Ownership Flats Act.
News Edit K.V.Raman
