The Enforcement Directorate (ED) has attached assets worth Rs 19 crore from the real estate companies Karrm Infrastructure Private Ltd (KIPL) and Karrm Brahmaand Affordable Homes Private Limited (KBAHPL) for defrauding flat buyers in Mumbai.
Real Estate FraudMumbaiEdKarrm InfrastructureKbahplReal EstateMar 29, 2025
The ED attached assets worth Rs 19 crore from Karrm Infrastructure Private Ltd (KIPL) and Karrm Brahmaand Affordable Homes Private Limited (KBAHPL) for defrauding flat buyers in Mumbai.
Karrm Infrastructure Private Ltd (KIPL) and Karrm Brahmaand Affordable Homes Private Limited (KBAHPL) collected substantial sums of money from buyers but failed to construct and deliver the promised housing units.
The ED's action is a significant step towards ensuring transparency and accountability in the real estate sector. It also sends a strong message to developers that fraudulent activities will not be tolerated.
Home buyers should conduct thorough due diligence, verify the credentials of the developer, check the status of the project, and understand their legal rights and obligations before investing in real estate projects.
The expected impact includes increased regulatory scrutiny, stricter regulations to prevent fraud, and a push for greater transparency in the real estate market in Mumbai.
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