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Mumbai: Real estate firm director arrested

Mumbai: Real estate firm director arrested

September 10, 2022
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Home Real Estate

Mumbai: Real estate firm director arrested

by Vicki Horton
September 10, 2022
in Real Estate
0

Dipesh Bhagtani and the firm’s co-administrators, Laxman Bhagtani and Mukesh Bhagtani had floated a challenge, Bhagtani Eternity, after obtaining rights redevelop a housing society in Andheri (West), the police stated.

DIPESH BHAGTANI, the actual property company Jaycee Homes director, became arrested on Friday for alleged irregularities in a redevelopment assignment and cheating traders of Rs 1.76 crore. The complainant in the case, Andheri (West) resident Nandkishore Sharma, had booked an apartment in a proposed 16-ground building on J P Road for Rs 2.16 crore and paid a boost of Rs 69 lakh.

Bhagtani and the firm’s co-directors, Laxman Bhagtani and Mukesh Bhagtani floated a mission, Bhagtani Eternity, after acquiring rights to redevelop a housing society in Andheri (West), the police said. The Economic Offences Wing (EOW) has accused the company of similarly taking advances from different prospective customers from 2014, claiming that the construction could have 23 stories. The firm is also accused of no longer completing construction and delivering ownership of houses within the stipulated period. Bhagtani changed into the courtroom on Friday and remanded to police custody until March 20, while the EOW maintains to look for the alternative accused. Bhagtani is likewise charged in eight instances of housing fraud being investigated via the EOW.

Vicki Horton

Vicki Horton

My name is Vicki Horton. I am a freelance writer who specializes in property, home renovation, and interior decorating topics. I've written hundreds of articles for various publications over the years. I've written on topics such as house flipping, home renovation, property, real estate, remodeling, decorating, and home improvement. I've contributed to several magazines, newspapers, blogs, and online publications. You can reach me at admin@housecarty.com.

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