Archive · 16 Nov 2025
Hero Homes Realty Officials Booked for Alleged Cheating; Company Denies Charges
Imagine you bought a toy from a store and paid all the money, but the store never gave you the toy.
That's what a man named Falitash Jain says happened when he paid a lot of money for four apartments from a company called Hero Homes Realty.
He told the police the company promised the apartments but never finished building them, even after he paid everything.
The police have started an investigation and booked some people from the company.
But the company says this isn't true.
They say Mr. Jain didn't pay all the money and that they canceled his order because he didn't pay.
They also say they finished building the apartments and were ready to give them to him, but he still owed money.
The company believes this is a disagreement about money, not a crime, and that Mr. Jain is trying to cause trouble unfairly.
An FIR was registered against Hero Homes Realty officials on Friday based on a complaint by Ludhiana resident Falitash Jain.
Jain alleges he paid Rs 2.41 crore for four flats, but the company failed to deliver them despite repeated assurances.
Hero Homes Realty denies the allegations, stating the bookings were cancelled due to the complainant's consistent defaults in making payments.
The company claims the project was completed in 2021 and possession was offered in July 2021, but delivery was hindered by the complainant's failure to make balance payments.
Hero Homes Realty asserts the dispute is civil in nature and that the complainant has falsely given it a criminal angle to misuse police machinery.
- Who
- Hero Homes Realty Limited officials (Director Sunil Kant Munjal, sales head Nikhil Jain) and Ludhiana resident Falitash Jain.
- What
- An FIR has been registered against Hero Homes Realty officials following allegations of cheating and failure to deliver flats. The company denies these charges, stating the complainant defaulted on payments.
- When
- The FIR was registered on Friday. The flats were booked in 2018, and possession was offered in July 2021.
- Where
- Ludhiana, India.
- Why
- The complainant alleges the company failed to deliver four flats after receiving full payment. The company claims the complainant defaulted on payments and that the dispute is civil in nature.
Complainant's Allegations
Hero Homes Realty's Defense
Payment and Delivery of Flats
Complainant's Allegations
Falitash Jain alleges he paid Rs 2.41 crore for four flats, but the construction was never completed, and flats were not delivered.
Hero Homes Realty's Defense
Hero Homes Realty claims only approximately Rs 2.08 crore was received, with Rs 1.75 crore funded by a bank, and Falitash Jain's family paid only approximately Rs 32 lakh for three units. The project was completed in 2021 and possession was offered in July 2021, but delivery was prevented by the complainant's default in making balance payments.
Cancellation of Units
Complainant's Allegations
The complainant alleges failure to deliver flats despite full payment.
Hero Homes Realty's Defense
The company states the allotment of four units was cancelled in October 2021 due to consistent defaults by Falitash Jain in making payments.
Inclusion of Director's Name
Complainant's Allegations
Director Sunil Kant Munjal and sales head Nikhil Jain were booked based on the complaint.
Hero Homes Realty's Defense
Hero Homes Realty alleges Sunil Kant Munjal's name was deliberately included to arm-twist the company, as he is not involved in its daily operations or management. The company also claims the complaint is vague and frivolous.
Nature of Dispute
Complainant's Allegations
The complaint led to a criminal FIR being registered for cheating, criminal breach of trust, and criminal conspiracy.
Hero Homes Realty's Defense
Hero Homes Realty asserts the dispute is purely civil and that the complainant has falsely given it a criminal angle.
- Complainant
- Falitash Jain
- Developer
- Hero Homes Realty Limited
- Project Location
- Ludhiana
- Number of Flats Involved
- 4
- Complaint Date
- May 23
- FIR Registration Date
- Friday
- Alleged Amount Paid
- Approx. Rs 2.41 crore (as per complainant)
- Amount Received by Company
- Approx. Rs 2.08 crore (as per company statement)