Archive · 5 Oct 2026
Mumbai Court Frames Charges in Rs 28 Crore Homebuyer Case
A Mumbai court has formally charged developer Vijay Machhindar, his wife and their company, Ornate Spaces.
The case concerns a housing project called Grove Tower in Oshiwara.
Prosecutors say the accused collected about Rs 28 crore from buyers and investors starting in 2012.
They allegedly promised flats but did not hand them over or return the money.
The couple is also accused of forging a housing society document to get a loan.
The charges include alleged cheating and violations of laws protecting flat buyers and depositors.
The case was investigated by Mumbai Police.
The accused will now face a trial, where the allegations will be considered.
A special MPID court in Mumbai framed charges against developer Vijay Machhindar, his wife and Ornate Spaces Pvt Ltd.
The accused allegedly collected about Rs 28 crore from homebuyers and investors from 2012 for the Grove Tower project in Oshiwara.
The charges allege the accused did not deliver the promised flats or return the principal amounts.
The couple is also accused of forging a housing society resolution to obtain a loan from PNB Housing Finance Ltd.
The case followed a Mumbai Police Economic Offences Wing investigation and is proceeding to trial.
- Who
- Developer Vijay Machhindar, his wife and Ornate Spaces Pvt Ltd are accused.
- What
- A Mumbai court framed charges over alleged homebuyer and investor fraud involving about Rs 28 crore.
- When
- The court framed charges on Monday; the article does not specify the date. The alleged collections began in 2012, and an FIR was registered in 2021.
- Where
- The project is Grove Tower in Oshiwara, Mumbai.
- Why
- The charges allege that the accused collected money promising flats, but did not deliver them or return the principal amounts.
- Amount involved
- Approximately Rs 28 crore
- Project
- Grove Tower
- Project location
- Oshiwara, Mumbai
- Alleged collection period
- From 2012 onwards
- FIR
- Originally registered at Oshiwara police station in 2021
- Investigating unit
- Mumbai Police Economic Offences Wing
- Laws cited
- Indian Penal Code, Maharashtra Ownership Flats Act and MPID Act