Real Estate Developers in Pune Face Cheating Charges for Duping Customer
Four real estate developers booked for cheating customer in Pune's Marvel Bassilo project
Real EstatePuneCheatingDevelopersFraudReal Estate PuneJul 15, 2024
The agreement between the customer and the developers was registered, but the project was not completed within the deadline, and the developers failed to pay a 9% return to Sham Asnani as promised. Moreover, the developers mortgaged the property without taking prior consent from the customer, committing a breach of trust.
The crime is believed to have taken place between August 16, 2014, and November 25, 2016. The police have invoked several sections, including criminal breach of trust, cheating, and sections of the MOFA Act. No arrests have been made so far.
This case highlights the importance of due diligence and caution when investing in real estate projects. Customers must ensure that they thoroughly research the developers and the project before making any payments. Furthermore, it is essential to have a registered agreement in place and to carefully review the terms and conditions before signing.
The real estate sector in Pune has seen significant growth in recent years, with many developers launching new projects. However, cases of cheating and fraud have also been on the rise. This incident serves as a warning to both developers and customers to be vigilant and ensure that all transactions are transparent and fair.
Information
Marvel Bassilo is a residential project located in Koregaon Park, Pune. The project offers luxury apartments with modern amenities and is marketed as a high-end residential complex.
The Marvel Bassilo project is developed by Vijay Wadhwa, Sanjay Chhabria, Navin Makhija, and Vishwajeet Jhawar, who are reputable real estate developers in Pune.
Frequently Asked Questions
Who are the developers involved in the cheating case?
Vijay Wadhwa, Sanjay Chhabria, Navin Makhija, and Vishwajeet Jhawar are the developers involved in the case.
How much money was lost by the customer?
The customer lost ₹2.93 crore in the cheating case.
What is the name of the project involved in the case?
The project involved is Marvel Bassilo, located in Koregaon Park, Pune.
When did the crime take place?
The crime took place between August 16, 2014, and November 25, 2016.
What sections of the law were invoked by the police in this case?
The police invoked sections of criminal breach of trust, cheating, and the MOFA Act in this case.
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