The arrest of the promoter of Unnati Group in a ₹165 crore loan fraud case has brought to light the systemic abuse in real estate and IT park projects. With multiple buyers cheated and stalled constructions, the case highlights the need for stricter regulations.
Real EstateLoan FraudUnnati GroupShell CompaniesIt ParksReal EstateMay 13, 2025
Unnati Group is a real estate and IT park development company known for its ambitious projects in India. However, the company has been embroiled in a significant loan fraud case.
The Unnati Group promoter was involved in a ₹165 crore loan fraud, which has led to his arrest and ongoing investigations.
Shell companies are businesses with no significant operations. In this case, they were used to create a facade of legitimate operations to siphon off funds from loans.
numerous buyers and investors have suffered significant financial losses due to the stalled projects and misappropriation of funds by the Unnati Group.
There are calls for stricter regulations and enhanced oversight to protect the interests of investors and buyers in the real estate market. The government and regulatory bodies are urged to implement more robust norms.
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