Archive · 31 Jul 2025
CBI Investigates Builder-Bank Nexus in NCR Homebuyer Fraud
The CBI is investigating if builders and banks in the NCR area worked together to cheat homebuyers.
The Supreme Court told them to look into this.
The CBI has filed 22 cases and raided many places.
Homebuyers said they had to pay for homes they didn't even have yet.
The builders were getting money from banks, but the homebuyers were the ones dealing with the problems.
CBI registered 22 FIRs against builders and financial institutions.
Investigation follows Supreme Court direction regarding an alleged nexus.
Raids were conducted at 47 locations across NCR.
Homebuyers claimed they were cheated through subvention schemes.
Several builders and financial institutions are named in the FIRs.
- Who
- CBI, builders, financial institutions, and homebuyers.
- What
- CBI registered 22 FIRs concerning an alleged nexus between builders and financial institutions.
- When
- FIRs were registered following a Supreme Court directive.
- Where
- National Capital Region (NCR), including Delhi, Gurugram, Noida, Greater Noida, and Ghaziabad.
- Why
- To investigate the alleged cheating and defrauding of homebuyers.
Homebuyers
Financial Institutions
EMI Payments vs. Possession
Homebuyers
Homebuyers claim they were forced to pay EMIs despite not receiving flats.
Financial Institutions
Financial institutions have not provided any view.
- Number of FIRs
- 22
- Directing Body
- Supreme Court
- Areas Raided
- NCR
- Entities Involved
- Builders, Financial Institutions
- Homebuyers
- Over 1,200
Sources
Builders-banks nexus in NCR: CBI registers 22 FIRs on SC’s directions
CBI Files 22 FIRs On Delhi-NCR Builder-Bank Nexus After Top Court Order
Crackdown on builders: CBI searches 47 locations in Delhi-NCR; 22 cases registered for 'cheating' homebuyers
CBI Registers 22 FIRs Against NCR Builders for Cheating Homebuyers - List of Companies, Projects
‘Unholy nexus’ of builders and banks to cheat NCR homebuyers: CBI lodges 22 FIRs, searches 47 locations
Central Bureau of Investigation to probe builder, bank nexus in NCR housing scam after Supreme Court order - Telegraph India
