Realtors charged with Rs 30L fraud Ahmedabad
Oct 07, 2012
Source : The Times Of India

 

AHMEDABAD: A group of 16 investors in a realty scheme near Sanand has accused a firm of defrauding them of Rs 30 lakh. The investors allege the firm did not allot them plots after taking payment.
 
Vipul Mangia, 40, a resident of Sola Road, along with 15 other persons has filed a joint complaint against Mukesh Shah, Raju Desai, Bharat Popat and Sanjay Gujjar, all office bearers in Elegance Realty Ltd located at Rudra Complex, near Girish Cold Drink on CG Road.
 
The complainants have alleged that the accused had given advertisements about plotting scheme on Sanand-Sachana Road in media in April this year, claiming to set up a township with 212 plots on 18 bigha land.
 
The realtors had promised the investors to allot plots if they paid Rs 11,000 to Rs 20,000 per month after the initial payment as per the size of the plot. "Mangia, an LIC employee, had paid Rs 3.06 lakh by cheque to the company for booking of his plot and also paid the installments. In September, he leaned that directors and office bearers had tendered their resignations. The firm then refused to give him the ownership documents," said a Navrangpura police official.
 
Later, Mangia learned about other investors who were duped in a similar fashion and decided to file a joint complaint for fraud and breach of trust. "We've sought the project details from the builders and started search for the accused," the official added.

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