Gurugram: Realtech Realtors’ director arrested for duping buyers

GURUGRAM: One of the directors of a city-based real estate company was arrested on Tuesday for allegedly duping over 60 homebuyers. The developer — Realtech Realtors Private Limited — is accused of collecting money from buyers for the residential project “The Luxurium” in Sector 73 and diverting the money for other purposes without completing the project.
The accused has been identified as Atul Kumar (35), a resident of Shivaji Nagar. A case was registered against the company in 2017 at Badshapur police station and according to the police, Kumar despite repeated notices did not join the police investigation and evaded arrest for nearly two years.
Police sources said that Kumar is among the three accused in the case. His other two partners are on the run. “We had been conducting raids, for some time, but the accused always managed to give police the slip. On Tuesday, however, we received information about Kumar’s location and arresed him from his house,” said inspector Mukesh Mann, SHO, Badshapur police station.
The police had registered a case in 2017 after receiving a complaint from 66 homebuyers who had invested around 24 crore in the residential project. As per the norm, a developer cannot advertise and collect money from buyers before approval of building plan on the name of “pre-launch”. The building plan of the project was approved in February 2012 but the developer had stated collecting money from buyers since October 2011. The homebuyers in their complaint said, “The company was supposed to complete the project by 2015 and hand over the possession. We have already paid the developer more than 60% of the total amount. Later we got to know that the developer has been diverting the money to their other projects.”
When contacted, district town planner (planning) RS Batth, said, “Several buyers who have invested in the project have approached us with the complaint. We carried out a probe and then recommended the filing of an FIR against the developer.” Despite several attempts, officials from the builder’s company could not be contacted.


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