Borivli builder, three partners booked for duping flat-buyer

MUMBAI: Borivli police booked a builder, Sandeep Seth, following a complaint by flat-buyers, including an SNDT college professor.

Seth, of KT Group from Borivli, was to build a residential tower and hand over flats to those who had paid almost 95% of the amount in 2014. But the developer did not complete the project.

Seth and his three partners were booked for cheating under India Penal Code and Maharashtra Ownership Flats Act (MOFA). The case has been taken over by Economic Offences Wing (EOW) of Mumbai police. MOFA was enacted to regulate promotion, construction, sale, management and transfer of flats sold on an ownership basis.

Sources said four more persons approached police, but the FIR was filed based on a complaint by Matunga resident, Amarik Singh Sohan. He recently complained that Seth and his partners, Kishorechand Seth, Rohini K Seth and Dhruv Seth, accepted Rs 93 lakh but duped him. Singh said he was looking for a second flat in the western suburbs when he came across KT Group’s upcoming project in Malad in 1994. KT Group was to redevelop Sai Vishal co-operative housing society, rehabilitate tenants and then sell the saleable area in the open market.

Singh booked a flat and paid the initial amount of Rs 24 lakh by cheque. He was to get 530 sq ft carpet area at the rate Rs 20,750 per sq ft, and the total was around Rs 1.10 crore. The builder, who said he had all permissions, was to complete the project in May 2016, but in 2015, Singh learnt that the project was cancelled.

The builder’s office said it was due to a problem with tenants, but he could book a flat in Seth’s other project, Manek Towers in Borivli.
“Seth told Singh his Rs 24 lakh had been transferred to the Manek Tower project. He told him to immediately deposit Rs 74 lakh for this project, so he put in another Rs 69 lakh from his and his wife’s account, hoping they would soon get possession, but their dreams were shattered,” said a police officer.
In 2015, the builder promised possession in 24 months but failed to deliver. Police said Singh paid Rs 93 lakh out of Rs 98 lakh. When Singh demanded possession or his money back, Seth’s office refused to entertain him.
“I have the proof as most of my money was by cheque,” Singh told TOI.

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