Mumbai Police Register Case Against Real Estate Developer for ₹100 Crore Housing Fraud
Mumbai Police have registered a case against a real estate developer for allegedly defrauding homebuyers out of ₹100 crore through the Sky 31 Housing Project in Wadala. The Economic Offences Wing (EOW) is investigating the allegations of cheating and criminal breach of trust.
MumbaiReal EstateHousing FraudEconomic Offences WingSky 31Real Estate NewsNov 06, 2025
The accused, including real estate developer Subbaraman Anand Vilaynur, his wife Uma Subbaraman, and B P Gangar Constructions, collected ₹100 crore from 102 individuals in the name of the 'Sky 31' housing project in Wadala (West) since 2018, promising each a flat. However, after collecting the money, the accused allegedly conspired to divert the funds to their personal and other bank accounts instead of using them for the housing project.
Furthermore, the accused sold one flat to two different individuals after taking money from both, effectively cheating them. The EOW registered the case against the accused on charges of cheating and criminal breach of trust, and an investigation is currently underway.
The case highlights the ongoing issues in the real estate sector, where developers sometimes engage in fraudulent activities, leaving homebuyers in a lurch. The EOW's intervention is crucial to ensure that such malpractices are curtailed and justice is served to the affected individuals.
For homebuyers, this case serves as a stark reminder to exercise due diligence and verify the credibility of developers and projects before making any financial commitments. It is advisable to conduct thorough research, seek legal advice, and ensure that all necessary documents and agreements are in order to avoid falling victim to such scams.
Frequently Asked Questions
What is the Sky 31 Housing Project?
The Sky 31 Housing Project is a real estate development in Wadala (West), Mumbai, where a developer allegedly collected ₹100 crore from 102 homebuyers, promising them flats.
Who are the accused in this case?
The accused include real estate developer Subbaraman Anand Vilaynur, his wife Uma Subbaraman, and B P Gangar Constructions.
What charges has the Economic Offences Wing (EOW) registered against the accused?
The EOW has registered charges of cheating and criminal breach of trust against the accused.
How did the accused defraud the homebuyers?
The accused collected money from homebuyers, promising them flats in the Sky 31 project, but instead of using the funds for the project, they diverted the money to their personal accounts.
What should homebuyers do to avoid such scams?
Homebuyers should conduct thorough research, seek legal advice, and ensure that all necessary documents and agreements are in order before making any financial commitments to a real estate project.
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