CBI Raids 47 Locations, Registers 22 FIRs Against NCR Builders for Homebuyer Fraud
The Central Bureau of Investigation (CBI) has taken significant action by registering 22 FIRs and raiding 47 locations in the National Capital Region (NCR) to address the widespread issue of homebuyer fraud by prominent real estate builders.
CbiNcrHomebuyer FraudReal EstateSupreme CourtReal Estate NewsJul 30, 2025
Acting on directions from the Supreme Court, the CBI also conducted raids at 47 locations across Delhi-NCR to investigate the alleged nexus between builders and bankers. The action follows a series of Special Leave Petitions (SLPs) filed by distressed homebuyers who accused builders of cheating and project delays while also facing coercive recovery actions by financial institutions.
Observing an “unholy nexus” between the developers and financial institutions, a Supreme Court bench led by Justices Surya Kant and N Kotiswar Singh had on April 29 permitted the CBI to convert six preliminary enquiries into full-scale investigations. This move was in response to the growing concerns and complaints from homebuyers who have been left in the lurch due to project delays and financial mismanagement.
Among the developers named in the FIRs are industry giants including Supertech Ltd., Jaypee Infratech Ltd., Ajnara India Ltd., Vatika Ltd., and CHD Developers Ltd. The list of builders and projects named in the CBI FIRs over alleged homebuyer fraud in NCR includes:
- Supertech Ltd.
- AVJ Developers (India) Pvt. Ltd. – AVJ Heights
- Earthcon Universal Infratech Pvt. Ltd. – Casa Royale
- Rudra Buildwell Projects Pvt. Ltd. – Rudra Palace Height
- Geotech Promoters Pvt. Ltd. – Geotech Blessing
- Shubhkamna Buildtech Pvt. Ltd. – Shubhkamna City
- Shubhkamna Buildtech Pvt. Ltd. – Shubhkamna-Advert Tech Homes
- Bulland Buildtech Pvt. Ltd. – Bulland Elevates
- Decent Buildwell Pvt. Ltd. – Shri Radha Aqua Gardens
- Rudra Buildwell Construction Pvt. Ltd. – KBNOWS Apartments
- Saha Infratech Pvt. Ltd. – Amadeus
- Dream Procon Pvt. Ltd. – Victory Ace
- Logix City Developers Pvt. Ltd. – Blossom Zest
- Jaypee Infratech Ltd. – Orchards
- Sequel Buildcon Pvt. Ltd. – The Belvedere
- Ajnara India Ltd. – Ajnara Ambrosia
- Vatika Ltd. – Vatika Turning Point
- CHD Developers Ltd. – 106 Golf Avenue
- Ninex Developers Ltd. – Ninex City
- Jaypee Sports International Ltd. and Jaiprakash Associates Ltd. – Kove Project, Kassia Project
- Idea Builders Pvt. Ltd. – Red Apple Residency
- Manju J Homes India Ltd. – Red Apple Homez
This comprehensive action by the CBI is expected to bring much-needed relief to homebuyers who have been suffering due to the unethical practices of these builders. The Supreme Court's decision to allow the CBI to investigate further is a significant step towards ensuring accountability and transparency in the real estate sector.
The CBI's raids and FIRs are a clear message to the real estate industry that the government is committed to protecting the interests of homebuyers and will not tolerate any form of fraud or malpractice. As the investigations progress, it is hoped that the necessary steps will be taken to ensure that affected homebuyers receive justice and that the real estate market in the NCR region becomes more transparent and reliable.
Frequently Asked Questions
What is the CBI's role in this crackdown?
The CBI, or Central Bureau of Investigation, has registered 22 FIRs and conducted raids at 47 locations in the National Capital Region (NCR) to investigate alleged homebuyer fraud by real estate builders and their alleged nexus with financial institutions.
Why did the Supreme Court direct the CBI to take action?
The Supreme Court directed the CBI to take action following a series of Special Leave Petitions (SLPs) filed by distressed homebuyers who accused builders of cheating and project delays, as well as coercive recovery actions by financial institutions.
Which builders are named in the CBI FIRs?
The builders named in the CBI FIRs include Supertech Ltd., Jaypee Infratech Ltd., Ajnara India Ltd., Vatika Ltd., and CHD Developers Ltd., among others.
What is the expected outcome of the CBI's actions?
The expected outcome of the CBI's actions is to bring much-needed relief to homebuyers who have been suffering due to the unethical practices of these builders and to ensure accountability and transparency in the real estate sector.
How can homebuyers stay informed about the progress of these investigations?
Homebuyers can stay informed about the progress of these investigations by following updates from the CBI and the Supreme Court, as well as through reliable news sources and real estate platforms.
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