Archive · 22 May 2025
Realty Firm Directors Face Charges for Cheating Homebuyers in Pune
A construction company is accused of tricking homebuyers in Pune.
The company told buyers they could build up to 10 floors but only had permission for four or five floors.
They took money from buyers and promised flats by May 2020 but never delivered.
Buyers complained to the police after waiting years and losing a lot of money.
The police are now investigating the three company directors.
Three directors of a construction company face charges of duping homebuyers.
The case involves two projects in Hinjewadi and Rahatani.
Buyers were told the company had permission for more floors than actually approved.
The company failed to deliver flats by the promised date and extended the deadline.
Buyers lost Rs 5.37 crore collectively and filed a police complaint.
- Who
- Three directors of a construction company and homebuyers.
- What
- A case has been registered against the directors for cheating homebuyers out of Rs 5.37 crore in two projects.
- When
- May 2020 was the original delivery deadline.
- Where
- Hinjewadi and Rahatani in Pune, India.
- Why
- The company allegedly cheated homebuyers by misrepresenting building permissions and failing to deliver promised flats.
- Amount of Money Involved
- Rs 5.37 crore
- Number of Projects Involved
- Two
- Project Locations
- Hinjewadi and Rahatani
- Original Delivery Deadline
- May 2020
- Relevant Sections
- Sections 406, 409, and 420 of the Indian Penal Code