A real estate group has been booked in an alleged ₹250-crore fraud case following directions from a Delhi court, marking a significant development in a long-running dispute involving investors and financial transactions. Acting on the court’s order, law enforcement agencies have registered an FIR and initiated a detailed investigation into the matter.
According to the complaint, the real estate group is accused of cheating investors by allegedly diverting funds collected for property development to other purposes. The allegations include misrepresentation, breach of trust, and failure to deliver promised projects or returns, leading to substantial financial losses for multiple stakeholders.
The Delhi court, while directing the registration of the case, observed that the allegations warranted a thorough probe and could not be addressed solely through civil proceedings. The order emphasised the need for a criminal investigation to examine the flow of funds, role of company executives, and potential violations of financial and real estate regulations.
Officials said the investigation will focus on transaction records, project approvals, and agreements signed with investors. Statements of affected parties and company representatives are also expected to be recorded in the coming weeks.
Legal experts note that court-directed FIRs in large real estate fraud cases signal stricter scrutiny of developer conduct and reinforce accountability in the sector. The case adds to growing regulatory and judicial pressure on errant real estate players, as authorities seek to protect investor interests and restore trust in the property market.
