As per EOW, the developer took money from buyers in 2010-11 in the name of selling flats in a Mulund (West) project, but has not handed over the flats to date.
Promoter and director duo Dharmesh Jain and Rajiv Jain allegedly duped several flat buyers to the tune of ₹11 crore promising them homes in 2010-11 which were not delivered till date despite repeated extension of deadline.
54 home buyers have complained to police saying that the developer took money from them in 2010-11 in the name of selling flats in a Mulund (West) project, but till date have not handed over the flats.
EOW's housing fraud unit–2 on Thursday arrested Dharmesh Jain, 55, and Rajiv Jain, 50, directors of Nirmal Lifestyle Ltd, for allegedly duping 34 flat buyers to the tune of Rs 11 crore.