Mumbai Builder Forged Documents for Flats
Real Estate

Mumbai Builder Forged Documents for Flats

A Mumbai-based builder has been found guilty of forging documents to claim ownership of 71 flats in a residential project. This fraudulent activity has sparked legal and regulatory scrutiny.

Key Details:

Fraudulent Documents: The builder is accused of forging documents to falsely claim ownership of 71 flats in a real estate project, misleading stakeholders and regulatory bodies.

Legal Consequences: The revelation of this fraudulent activity has led to legal actions against the builder, with potential consequences including fines, penalties, and legal disputes.

Regulatory Scrutiny: The case has drawn the attention of regulatory authorities, prompting investigations into the builder's practices and the validity of other projects under their management.

Impact on Homebuyers: Homebuyers affected by the fraudulent claims face uncertainty and potential legal battles to secure their rightful ownership of the flats.

Future Actions: The situation highlights the need for enhanced vigilance and transparency in the real estate sector, with calls for stricter regulatory measures to prevent such fraudulent activities.

Overall, the exposure of the builder's fraudulent activities underscores the importance of integrity and transparency in real estate transactions, aiming to protect the interests of homebuyers and maintain industry standards.

A Mumbai-based builder has been found guilty of forging documents to claim ownership of 71 flats in a residential project. This fraudulent activity has sparked legal and regulatory scrutiny. Key Details: Fraudulent Documents: The builder is accused of forging documents to falsely claim ownership of 71 flats in a real estate project, misleading stakeholders and regulatory bodies. Legal Consequences: The revelation of this fraudulent activity has led to legal actions against the builder, with potential consequences including fines, penalties, and legal disputes. Regulatory Scrutiny: The case has drawn the attention of regulatory authorities, prompting investigations into the builder's practices and the validity of other projects under their management. Impact on Homebuyers: Homebuyers affected by the fraudulent claims face uncertainty and potential legal battles to secure their rightful ownership of the flats. Future Actions: The situation highlights the need for enhanced vigilance and transparency in the real estate sector, with calls for stricter regulatory measures to prevent such fraudulent activities. Overall, the exposure of the builder's fraudulent activities underscores the importance of integrity and transparency in real estate transactions, aiming to protect the interests of homebuyers and maintain industry standards.

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?