Archive · 31 Jan 2026
CBI Chargesheet Reveals Fraud in NCR Flat Sales
The Central Bureau of Investigation (CBI) has accused a real estate company, Rudra Buildwell Constructions Pvt Ltd, of cheating homebuyers.
The company sold 672 flats in Noida by making false promises of timely delivery.
The CBI found that the company resold flats that already had owners and hid this information from new buyers.
One buyer, Nupur Chaurasia, paid a lot of money and took a loan, but the flat was already sold to someone else.
The company did not complete the project, and buyers did not get their money back.
The court has asked the company and its directors to appear for the case.
Rudra Buildwell Constructions Pvt Ltd is accused of selling 672 flats in Noida under false promises of timely delivery.
The company resold flats that already had owners and concealed this information from new buyers.
Complainant Nupur Chaurasia paid Rs 9.45 lakh and took a Rs 35 lakh loan, but the flat was already sold to someone else in 2017.
The CBI found that the project was not completed, and the flats were unfit for occupation.
The court has summoned the company and its directors to appear for the case on February 12.
- Who
- Rudra Buildwell Constructions Pvt Ltd and its directors Raj Kumar and Manju Ram
- What
- Allegations of fraudulent sale of flats, concealment of previous sales, and non-delivery of promised flats
- When
- The project was launched in 2012-13, and the CBI registered the case on July 27, 2023. The chargesheet was filed on January 20, 2024.
- Where
- Noida’s Sector 16, National Capital Region (NCR)
- Why
- To deceive homebuyers and induce banks to sanction home loans under false pretenses
- Number of flats involved
- 672
- Company accused
- Rudra Buildwell Constructions Pvt Ltd
- Project name
- Kbnows Apartments
- Location
- Noida’s Sector 16
- Amount paid by complainant
- Rs 9.45 lakh
- Home loan amount
- Rs 35 lakh
- Bank involved
- Central Bank of India, Ghaziabad
- Previous sale price
- Rs 42 lakh