Builder Arrested for Rs 300 Crore Fraud in Gurugram
ECONOMY & POLICY

Builder Arrested for Rs 300 Crore Fraud in Gurugram

The Delhi Police have arrested Varun Puri, a 38-year-old builder, for allegedly cheating 485 flat buyers in Gurugram out of over Rs 300 crore. Puri, who had been declared a proclaimed offender and was wanted in 45 cases, was apprehended in Indore, Madhya Pradesh, on October 25.

Puri, along with his brother Vikram and father Raman, ran Universal Buildwell Private Limited, which launched the Universal Aura project in Sector-92, Gurugram. Despite collecting Rs 300 crore from buyers, the company failed to deliver the promised flats, leading to multiple complaints across Delhi-NCR.

The Economic Offences Wing (EOW) registered five cases against the company. A Rs 1 lakh reward was announced for the arrest of Varun, his brother, and their father. After extensive surveillance, Puri was nabbed by a police team led by inspectors Manender Singh, Neeraj Kumar, and Sundeep Yadav under ACP Sanjay Dutt's supervision.

The Delhi Police have arrested Varun Puri, a 38-year-old builder, for allegedly cheating 485 flat buyers in Gurugram out of over Rs 300 crore. Puri, who had been declared a proclaimed offender and was wanted in 45 cases, was apprehended in Indore, Madhya Pradesh, on October 25. Puri, along with his brother Vikram and father Raman, ran Universal Buildwell Private Limited, which launched the Universal Aura project in Sector-92, Gurugram. Despite collecting Rs 300 crore from buyers, the company failed to deliver the promised flats, leading to multiple complaints across Delhi-NCR. The Economic Offences Wing (EOW) registered five cases against the company. A Rs 1 lakh reward was announced for the arrest of Varun, his brother, and their father. After extensive surveillance, Puri was nabbed by a police team led by inspectors Manender Singh, Neeraj Kumar, and Sundeep Yadav under ACP Sanjay Dutt's supervision.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement