Archive · 7 Sep 2025
Homebuyers Trapped in Builder-Banker Nexus, CBI Investigates
Imagine you're buying a house, but the builder and the bank are not doing their jobs properly.
Builders promised houses but didn't finish them.
Banks gave money to the builders, but didn't make sure the houses were being built first.
Now, people are stuck paying loans for houses they don't have, and the builder might have misused the money.
The government is investigating if the builder and the bank were secretly working together.
Many people are affected, and the government is trying to figure out what went wrong and what to do to help the people who were affected.
The CBI is investigating an alleged 'unholy nexus' between builders and banks in Delhi-NCR.
Homebuyers in Delhi-NCR, and other major cities, invested in properties under subvention schemes.
Builders defaulted on payments to banks, leading to banks demanding payments from homebuyers for uncompleted properties.
The Supreme Court ordered the CBI to investigate after finding a potential nexus between banks and builders.
Over 4 lakh housing units are stuck in stalled real estate projects across India.
- Who
- Homebuyers, builders (Supertech, Ajnara, Pashmina), banks, and the CBI.
- What
- The CBI is investigating an alleged nexus between builders and banks in Delhi-NCR, leading to homebuyers being cheated through delayed projects and financial mismanagement.
- When
- The alleged issues occurred between 2013-2015, with the CBI investigation ongoing as of the article's publication.
- Where
- Primarily in Delhi-NCR, with examples from Gurgaon, Noida, and Bengaluru.
- Why
- Builders allegedly did not deliver on promises, banks are accused of improper disbursals, and homebuyers are suffering financial losses due to incomplete projects.
- CBI Cases Registered
- 22
- Locations Searched
- 47 in Delhi-NCR
- Total Petitions Filed
- 174
- Homebuyers Affected
- 1,205
- Supertech Projects
- 21 projects in 6 cities
- Stalled Housing Units (India)
- 4.12 lakh