FIR against Vatika Group MD for cheating and fraud

Vatika group is a Gurgaon based developer with multiple ongoing and completed projects in the city and outside and just like many other developers, the company has had its share of troubles with consumer complaints and grievances.

GURGAON: An FIR has been filed against the managing director and two directors of the city based real estate developer Vatika Group for cheating and fraud. The amount of the fraud is Rs. 1 crore.

The complaint has been filed with the police station sector 29 in Gurgaon on Friday under sections 406 and 420 of the Indian Penal Code. The complainant is a Delhi resident named Rajkamal Bhatia hailing from MalviyaNagar.

According to police officials, the company failed to deliver his Villa even after taking a deposit of Rs. one crore from the customer. “We filed a case on the basis of the inquiry done by the economic offence wing and have registered a case in to the same. We have started the investigation and will be able to give further details only after that,” said Ashok Kumar, SHO, police station sector 29, Gurgaon.

Vatika group is a Gurgaon based developer with multiple ongoing and completed projects in the city and outside and just like many other developers, the company has had its share of troubles with consumer complaints and grievances.

Earlier in 2015 January as well the developer was booked or developing a 101-acre residential township in sectors 88 and 88B in Gurgaon without obtaining a license for the project. According to the FIR, the company submitted forged documents and acquired the license (no. 94/2013) to build the residential complex on the land, 7.5 acres of which is owned by four farmers.

There has been no response from the developer on the development as yet.

Source: http://realty.economictimes.indiatimes.com/news/regulatory/fir-against-vatika-group-md-for-cheating-and-fraud/52160006

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