Anthurium Fraud: Noida Buyers Demand Arrests in ₹200Cr Scam
Buyers of the Anthurium project in Noida are furious. They're demanding immediate arrests in what they call a massive RERA-registered fraud.
Key points at a glance
- •Buyers allege ₹200 crore fraud in Noida's Anthurium project.
- •Protests held at Noida police station seeking arrests of all named accused.
- •Project claimed RERA registration but work stalled for years.
- •Police FIR filed, but no arrests made yet, angering home buyers.
- •Investors and home buyers face uncertain future with no handover date.
Project Status
The Anthurium project in Noida, promoted as a premium residential complex, has seen no construction progress for over 3 years despite payments from buyers.
Location
Anthurium is located in Sector 107, Noida, part of the booming Yamuna Expressway corridor, marketed to young professionals and investors from the Delhi-NCR region.
Regulatory
The project reportedly had a valid RERA registration at the time of sale, a key point of contention for buyers who believed their investment was legally protected.
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What actually happened?
Hundreds of buyers who invested in the Anthurium residential project in Noida's Sector 107 claim they are victims of a systematic fraud.
They allege the developer collected over ₹200 crore in payments but abandoned the construction site years ago.
An FIR has been lodged with the Noida police naming multiple individuals, but the lack of arrests has sparked fresh protests.
- First complaints emerged in 2021.
- Buyers formed a group to pursue legal action.
- A recent protest at the Sector 20 police station turned heated.
What it means for buyers
For Maharashtra buyers with investments in NCR projects, this highlights the critical risk of cross-state real estate investing.
Even a RERA registration is not a foolproof guarantee if the developer defaults and enforcement is slow.
Financial losses are compounded by the opportunity cost and emotional stress of a home that remains unbuilt.
- Always verify a developer's track record in the specific region.
- Prefer projects with a lower construction risk, perhaps closer to completion.
- Legal recourse can be lengthy and expensive across state borders.
What to watch next
The key next step is police action on the FIR. Buyers are hoping for arrests that could force the developer's hand or recover funds.
The case will test the effectiveness of the UP-RERA authority in mediating between buyers and a seemingly defunct developer.
National media attention on this high-profile fraud could pressure authorities for a swift resolution.
- Potential for a court-appointed receiver to take over the project.
- Possibility of other home buyer associations supporting the cause.
- Impact on future sales of projects by the same developer group.
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