Mumbai's 32 Crore SRA Housing Scam: 9 Accused for Duping 200 Home Buyers in Borivali
Mumbai Police's Economic Offences Wing (EOW) has registered a case against nine individuals, including developers and a real estate agent, for allegedly cheating over 200 homebuyers in a Rs. 32 crore SRA redevelopment housing project in Borivali.
MumbaiSra Housing ScamReal Estate FraudHome BuyersEconomic Offences WingReal Estate MaharashtraAug 12, 2025
The complainant, Anil Kochunni Mambily (55), a resident of Vaishnavi Co-operative Housing Society, Borivali West, alleged that the accused lured buyers into booking flats in two housing projects — Vastu Nakshatra and Swagatam — under the SRA Co-operative Housing Society Ltd redevelopment scheme at Devi Pada, Borivali East.
According to the FIR, despite collecting booking amounts from around 200 customers, the developers failed to hand over possession of the flats or refund the booking money. The accused include Amogh Enterprises, Udaykumar Singh – Partner, Nirman Developers, Gautam Pandey, Nikhilkumar Singh, Hitesh Soni – Real Estate Agent, Soni Properties, Vishal Soni, Mukesh Pandey – Director, GSP Developers Pvt. Ltd., and Sunil Pandey, and Right Biltech Pvt. Ltd.
The FIR further states that even after Right Biltech Pvt. Ltd. went into insolvency proceedings before the National Company Law Tribunal (NCLT), the accused failed to disclose information regarding the complainant’s flat booking to the NCLT court.
The case has been registered with the permission of the Joint Commissioner of Police (EOW) and has been assigned to the Economic Offences Wing for investigation. The site was inspected by senior officials, with Sub-Inspector Tharat designated as the investigating officer.
Frequently Asked Questions
What is the SRA redevelopment scheme?
The SRA redevelopment scheme is a program in Mumbai where old cooperative housing societies are redeveloped into modern residential complexes, often with the involvement of private developers.
Who is the complainant in this case?
The complainant is Anil Kochunni Mambily, a 55-year-old resident of Vaishnavi Co-operative Housing Society in Borivali West.
How much money was allegedly duped from homebuyers?
The accused are alleged to have duped homebuyers of approximately Rs. 32 crore.
What actions did the accused fail to take after the insolvency proceedings?
The accused failed to disclose information regarding the complainant’s flat booking to the National Company Law Tribunal (NCLT) after Right Biltech Pvt. Ltd. went into insolvency proceedings.
Who is investigating this case?
The case is being investigated by the Economic Offences Wing (EOW) of Mumbai Police, with Sub-Inspector Tharat designated as the investigating officer.
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