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Over 200 People Defrauded of Rs. 40 Crore After Pre-Booking in South Bopal Scheme

by TLAteam December 21, 2024December 21, 2024
written by TLAteam December 21, 2024December 21, 2024
Over 200 People Defrauded of Rs. 40 Crore After Pre-Booking in South Bopal Scheme

Over 200 people who had made payments to a builder for a scheme in the South Bopal area have fallen victim to a housing scam where they were deceived under the pretext of pre-booking homes. The builder, Privilon Buildcon LLP, allegedly took Rs. 40 crore from prospective buyers for booking 3 and 2 BHK flats under two schemes at sites named Richmond Privilon and Celestial. However, after receiving the money, the builder disappeared, leaving the victims in distress.

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It is learned that the builder failed to make the full payment for the land, leading to the cancellation of the deal. The Celestial site, which was initially part of the Privilon group, was taken over by another builder. However, those who had made advance bookings are now struggling to get their money back. Despite receiving cheques, many of the payments have bounced, leaving the victims with no recourse. It is also learned that the pre-booking was done even before the Gujarat RERA (Real Estate Regulatory Authority) permission was granted.

Haren Kariya, a partner in the scheme, clarified that he had exited the partnership six months ago and assured that he would try to return the money to the affected individuals. However, until the funds are returned, the victims continue to face uncertainty. The aggrieved buyers have approached the SP office to lodge complaints, with hopes of recovering their hard-earned money.

Another person told the media, “As per my information, the builder has taken around 50 crores from the people. I have deposited Rs. 30 lakh, and others have deposited as per their capacity. Some have paid by cheque, while others have paid in cash (diary system). We became suspicious when we asked for RERA permission, and they told us that they don’t have to show it to us. Now, we have approached the police and are waiting for action.

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