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Economic Offence Wing has initiated a probe into an alleged housing scam

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Investors were first asked to pay a token money to secure a slot while bidding for the flats and then told to shell out Rs 10-15 lakh as various “development charges”. The scam was promoted through text messages and e-mails. 

Economic Offence Wing (EOW) has initiated a probe into an alleged housing scam in which scores of buyers were allegedly offered “DDA flats under a central government scheme” in southwest Delhi’s Dwarka. 

Investors were first asked to pay a token money to secure a slot while bidding for the flats and then told to shell out Rs 10-15 lakh as various “development charges”. The scam was promoted through text messages and e-mails. 

Additional CP (EOW) O P Mishra said that after receiving a complaint on Thursday, police contacted Delhi Development Authority, which said it had also received similar complaints and was probing them.

One of the investors, Rewant Kumar Mishra, a resident of Sangam Vihar, registered an FIR under sections of criminal conspiracy, criminal breach of trust and fraud against Revanta Multi State CGHS LTD. Mishra said that in 2015, he had come across an advertisement that the company, located at Sector23, Dwarka, was going to build residential flats through landpooling in Dwarka’s L zone.

After forming a society, the company had started urging people to invest in “Smart Residency”. The accused issued brochures and made various presentations citing the DDA-approved landpooling policy to lure investors. Mishra said he was allotted the membership of the society after investing Rs 20.2 lakh for a 1,760-sq ft flat. The total cost was pegged at Rs 51.2 lakh. 

In March 2019, he was asked to pay another Rs 5.9 lakh. The company said “the Development Ministry, Govt of India” had reduced the floor-area ratio from 400 to 200 due to scarcity of water and other resources. The complainant later came to know through media reports that DDA hadn’t announced any such scheme. 

DDA has forwarded its complaints to EOW, which has formed a team to investigate the case, a senior officer said.

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