Last Updated: April 28, 2023, 07:06 IST
Nirmal Lifestyle are a distinguished actual property builders. (Representative picture)
The grievance states that homebuyers made reserving for studios in 2011 and paid the quantity for a similar, nevertheless, neither the mission started nor had been they given possession of any home
Real Estate Developers Nirmal Life’s Rajiv and Dharmesh Jain have been arrested by the Economic Offences Wing of the Mumbai police for failing to supply possession to a number of dwelling consumers. According to the police, the builders allegedly didn’t hand over the flats to round 34 homebuyers after taking cash from them.
The arrests have been made relating to actual property tasks named Olympia, Panorama and Spirit.
The grievance states that homebuyers made reserving for studios in 2011 and paid the quantity for a similar, nevertheless, neither the mission started nor had been they given possession of any home.
“We arrested both Dharmesh and Rajeev Jain in connection to First Information Report (FIR) filed in April 2022. We produced them in local court and have got police custody till May 03,” an EOW official instructed Moneycontrol on situation of anonymity.
“There is one more FIR against the developers in FIR files against them for allegedly not giving possession, and investigation regarding the same is ongoing in those cases too. This FIR was filed by homebuyers in December 2022. This includes projects namely Nirman Zircon etc in the Mulund area of Mumbai,” he added.
Nirmal Developers, well-known real-estate builders from Mumbai, have reportedly been going through monetary crunches. The firm is concerned in numerous building tasks across the Mumbai Metropolitan Region (MMR), however possession is delayed for fairly a while now.
Some media reviews additionally recommend that Nirmal Lifestyle Mall owned by the developer has allegedly been taken over by the Bank of Baroda (BoB) owing to the non-payment of a mortgage amounting to round Rs 161 crore.
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