Archive · 18 Sep 2025
Bengaluru Property Firm Dupes Residents in Lease Scam
A property company in Bengaluru, called Catena Homes, is accused of tricking many people who wanted to rent homes.
The company took money from people for leases on houses, but the owners of the houses were not aware of the actual transactions.
When residents tried to move in, the owners told them to leave.
Many residents, who are mostly migrants, have lost large sums of money.
The owner of Catena Homes is missing, and the police have arrested some of his agents.
The company's problems may be due to losses and tax issues.
Now, the people who paid for the leases are stuck, and they don't know what to do.
Bengaluru police arrested three individuals for allegedly running a property lease scam.
Catena Homes India Private Limited is accused of duping residents of over Rs 50 crore.
The firm offered houses on lease to residents without informing the property owners.
Victims paid between Rs 20 lakh and Rs 50 lakh for leases and are now being asked to vacate.
The owner of Catena Homes, Vivek Keshavan, is absconding, and the firm's accounts may be frozen due to tax issues.
- Who
- Bengaluru residents, agents of Catena Homes, and owner Vivek Keshavan.
- What
- A property management firm allegedly duped residents in a lease scam.
- When
- The incidents occurred recently, with arrests made.
- Where
- Bengaluru, particularly Electronic City, Marathahalli, Banaswadi, and Whitefield.
- Why
- The firm is alleged to have offered houses on lease, collected large sums from residents, and then failed to honor the leases, potentially due to financial losses and tax issues.
- Accused Firm
- Catena Homes India Private Limited
- Alleged Scam Amount
- Over Rs 50 crore
- Arrests
- Three agents
- Key Locations
- Electronic City, Marathahalli, Banaswadi, Whitefield
- Main Accused
- Vivek Keshavan, owner