FIR against top real estate firm’s director for cheating state of Rs 400 crore

FIR against top real estate firm's director for cheating state of Rs 400 crore
Construction site of the builder’s Alta Monte project

The Economic Offences Wing (EOW) has registered an FIR against four individuals, including a director of the real estate firm Omkar Developers, for allegedly cheating the state of over Rs 400 crore.

In January 2015, Malad resident, Jaynaraiyan Tiwari had filed a complaint in which he claimed that the builder had encroached upon seven hutments in 2007. Tiwari had referred to the firm’s Alta Monte project in Malad. Following the complaint, the EOW conducted an 18-month inquiry against the developer, which concluded earlier this week.

According to the police, developer constructed on disputed slum land with the help of forged consent documents and availed availed free FSI of over 8 lakh sq.ft under the slum scheme. If the developer had purchased the same FSI from the state, it would have costed them over Rs 400 crore.

In an email response to Indian Express, a representative of the firm said, “The first part is about the forgery of eligibility documents filed by the slum dwellers. This complaint is against the society committee members and not against the developer. Omkar Realtors has no role to play in the eligibility issue as the matter rests between slum dwellers and the Competent Authority.”

Pertaining to the second complaint over leasehold rights on 1,000 square yards within the SRA project, the representative added, “Out of 1,000 square yards, an area of 750 square yards had been further declared has been notified as Slum under Section 3 (c) of Slum Act. And the remaining area of 250 square yards has been treated as non slum plot and accordingly complied with.”

Apart from the director of Omkar Developers, the FIR has also mentions three members of Janu Bhoy Nagar Society, Gulab Gavhane, Magan Tak and Pratiraj Yadav. Police are yet to make an arrest.

Back to latest news