No bungalow in Noida, director of realty firm held

Created on 13.03.2019 13:57:36
No bungalow in Noida, director of realty firm held

A director of a real estate firm based in Rajouri Garden has been arrested for duping several people on the pretext of selling them 1,000 sq yard bungalows in Noida. When one of the buyers didn’t get possession of the property after the completion date, she filed an RTI and found out that the bungalows were not even proposed for construction. A manhunt is on to nab the other directors.

Additional commissioner (EOW) Suvashish Chaudhary said a woman complained to them that two men, Satinder Singh Bhasin and Jaswant Singh Bhasin, had met her and her husband at a seven-star hotel on Raisina Road to discuss the deal. They showed her brochures of the project and claimed that each buyer would have a bungalow with access to club and other facilities. The woman was asked to pay Rs 1 crore and give the remaining amount in the next few months.

The woman deposited Rs 1 crore every month to the bank account mentioned by them. After making 50% payment (over Rs 7 crore), she went to ask the Bhasins for the property papers. However, when she reached the address mentioned by them, she was turned away with the excuse that they were not in a position to talk to her.

After many attempts, she finally met them at a new office set up under a metro station in Noida. They asked her to give Rs 50 lakh to pay off some authorities after which they would hand over the builder-buyer agreement. When she protested, they claimed that the plot chosen by her was owned by their company, Mist Avenues Pvt Ltd, and the bungalows would be constructed within a short period.

Later, the woman filed an RTI and found that the Bhasins had no permissions for any construction at the site. When she initiated legal action, the men apologised and agreed to return her money. However, after a few days they started ignoring her and even allegedly threatened her. She then approached the EOW with a complaint after which a case of criminal breach of trust and cheating was registered. Satinder Bhasin was arrested on Monday.

 

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