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

DIPESH BHAGTANI, the director of actual property company Jaycee Homes, 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, had 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, which claims that the constructing could have 23 stories. The firm is also accused of no longer completing construction and delivering ownership of houses inside the stipulated period. Bhagtani changed into produced in 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 a charged in eight instances of housing fraud being investigated via the EOW.

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