Manoj Gupta 25 May 2023

Flat fraud

A group of people formed a welfare society in year 2013 and did following for attracting flat buyers in name of land pooling

-Sent mails about cheap flats

-Few 100 of us got registered with them and paid 10% initial amount to buy flat. Using that money they bought land(just mutation shared and no other details).

-Later on we go to know that DDA has not authorized them. Infact DDA authorized land pooling only in year 2018

-Multiple withdrawl reminders but no response

We are now going to file a police complaint (FIR). Are we right?

Also if police discovers no financial fraud, can it backfire.

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Quick Summary

A group of individuals who paid deposits for flats under a land pooling scheme in 2013 are now facing potential fraud. They discovered the scheme was not authorised by the DDA until 2018 and have been unable to get refunds. The group is now considering filing a police complaint and seeks advice on whether this is the correct course of action and the potential repercussions if no financial fraud is found.