Delhi Police files FIR against Noida-based Prateek Group
Real Estate

Delhi Police files FIR against Noida-based Prateek Group

Twenty purchasers accused the Noida-based realtor of defrauding them, leading the Delhi Police's economic offences division to file a formal complaint (FIR) against the owners and top management of Prateek Group. Following a complaint from the 20 purchasers of Prateek Edifice in Sector 107, the owners Prashant and Prateek Tiwari, as well as top managers Sunil Kumar Mittal and Anshuman Sharma, were identified in the First Information Report (FIR). The police document claims that the developers planned a scam involving around Rs 1.90 billion.

The 423 apartments sold at Edifice, according to the complainants, were 10-12% smaller than what they had been paid for.

"The apartments that were delivered to us were far smaller than what had been promised. After we filed a complaint against the developer with the National Consumer Disputes Redressal Commission (NCDRC), an architect was hired to conduct a study. In addition to giving us smaller apartments, they continued building without our permission, according to Rajeev Goyal, one of the complainants.

The realtor also postponed the apartments' delivery. Goyal stated that he was guaranteed ownership of the flat he had reserved in April 2012, but it was moved up by a year. Nevertheless, Goyal stated he had paid 95% of the entire fee by May 2016; yet, the unit was not delivered until February 2019. " After the NCDRC requested that the developer turn over the apartments within three weeks, we were eventually given possession. Numerous services and conveniences that were promised to us were not provided. Goyal said, "There were numerous unfinished projects, flaws in the building, finishing, fittings, and fixtures in the apartments, and a lot of unfinished work."

According to the FIR, Prateek Group allegedly received over Rs 9 crore in interest-free maintenance security (IFMS) payments from apartment owners but did not refund this amount to the association of owners despite notices from the Authority. The developer also charged more for grid electricity, meter connections, WiFi, cooking gas security, and sewer connections, buyers claimed.

According to the FIR, despite warnings from the Authority, Prateek Group allegedly collected over Rs 9 crore from apartment owners as interest-free maintenance security, or IFMS, but failed to return the money to the association of owners. Buyers also alleged that the developer overcharged for sewage connections, cooking gas security, WiFi, metre connections, and grid power.

Although standard prepaid electricity submeters were calibrated and powered on in April 2019, according to Goyal, developers began to recoup fixed prices for grid and distributed generation power starting in January 2019. According to the FIR, the builder allegedly demanded payment of Rs 1.8.8 million for alleged arrears of water charges.The firm was accused by the complainants of illegally recovering water and power rates by misusing prepaid submeters installed in apartments.

A spokesperson for Prateek Group said the developer had not received any communication from police so far. ?The flat owners who lodged the complaint have already been given possession of flats. Additionally, registration and possession of flats are over. Further action will be taken once we get all the information,? the spokesperson added.

Twenty purchasers accused the Noida-based realtor of defrauding them, leading the Delhi Police's economic offences division to file a formal complaint (FIR) against the owners and top management of Prateek Group. Following a complaint from the 20 purchasers of Prateek Edifice in Sector 107, the owners Prashant and Prateek Tiwari, as well as top managers Sunil Kumar Mittal and Anshuman Sharma, were identified in the First Information Report (FIR). The police document claims that the developers planned a scam involving around Rs 1.90 billion. The 423 apartments sold at Edifice, according to the complainants, were 10-12% smaller than what they had been paid for. The apartments that were delivered to us were far smaller than what had been promised. After we filed a complaint against the developer with the National Consumer Disputes Redressal Commission (NCDRC), an architect was hired to conduct a study. In addition to giving us smaller apartments, they continued building without our permission, according to Rajeev Goyal, one of the complainants. The realtor also postponed the apartments' delivery. Goyal stated that he was guaranteed ownership of the flat he had reserved in April 2012, but it was moved up by a year. Nevertheless, Goyal stated he had paid 95% of the entire fee by May 2016; yet, the unit was not delivered until February 2019. After the NCDRC requested that the developer turn over the apartments within three weeks, we were eventually given possession. Numerous services and conveniences that were promised to us were not provided. Goyal said, There were numerous unfinished projects, flaws in the building, finishing, fittings, and fixtures in the apartments, and a lot of unfinished work. According to the FIR, Prateek Group allegedly received over Rs 9 crore in interest-free maintenance security (IFMS) payments from apartment owners but did not refund this amount to the association of owners despite notices from the Authority. The developer also charged more for grid electricity, meter connections, WiFi, cooking gas security, and sewer connections, buyers claimed. According to the FIR, despite warnings from the Authority, Prateek Group allegedly collected over Rs 9 crore from apartment owners as interest-free maintenance security, or IFMS, but failed to return the money to the association of owners. Buyers also alleged that the developer overcharged for sewage connections, cooking gas security, WiFi, metre connections, and grid power. Although standard prepaid electricity submeters were calibrated and powered on in April 2019, according to Goyal, developers began to recoup fixed prices for grid and distributed generation power starting in January 2019. According to the FIR, the builder allegedly demanded payment of Rs 1.8.8 million for alleged arrears of water charges.The firm was accused by the complainants of illegally recovering water and power rates by misusing prepaid submeters installed in apartments. A spokesperson for Prateek Group said the developer had not received any communication from police so far. ?The flat owners who lodged the complaint have already been given possession of flats. Additionally, registration and possession of flats are over. Further action will be taken once we get all the information,? the spokesperson added.

Next Story
Infrastructure Transport

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

Next Story
Real Estate

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Next Story
Real Estate

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement