+
EOW files FIR against ATS Infrastructure due to homebuyers' complaints
Real Estate

EOW files FIR against ATS Infrastructure due to homebuyers' complaints

The directors and promoters of ATS Infrastructure have been accused by homebuyers of deceiving them in connection with the company's project named 'Marigold,' resulting in the Economic Offences Wing registering a First Information Report (FIR). It has been alleged by approximately 1,860 individuals that they have suffered a financial loss of Rs 120.9 million, causing both mental distress and economic hardship for those who invested in the aforementioned project. The police have reported that no arrests have been made at this point, and investigations into the matter are currently ongoing.

According to the FIR, Getamber Anand, the director of ATS, was actively seeking individuals to invest in the 'Marigold' project. This project is situated on a piece of land measuring 11.1 acres in the village of Harsaru, falling within Sector 89A of Gurgaon, and is being developed by the company. The FIR alleges that in 2018, Anand, in collaboration with other directors of ATS RBPL, manipulated and persuaded the complainants to invest in the 'project.'

The directors and promoters of ATS Infrastructure have been accused by homebuyers of deceiving them in connection with the company's project named 'Marigold,' resulting in the Economic Offences Wing registering a First Information Report (FIR). It has been alleged by approximately 1,860 individuals that they have suffered a financial loss of Rs 120.9 million, causing both mental distress and economic hardship for those who invested in the aforementioned project. The police have reported that no arrests have been made at this point, and investigations into the matter are currently ongoing.According to the FIR, Getamber Anand, the director of ATS, was actively seeking individuals to invest in the 'Marigold' project. This project is situated on a piece of land measuring 11.1 acres in the village of Harsaru, falling within Sector 89A of Gurgaon, and is being developed by the company. The FIR alleges that in 2018, Anand, in collaboration with other directors of ATS RBPL, manipulated and persuaded the complainants to invest in the 'project.'

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?