Redevelopment Fraud – Builder dupes original residents; sells the building to another firm!
Byculla Police have arrested 3 partners of M/s Gazdar Properties on charges of cheating many innocent original inhabitant of the building to the tune of crores. According to the police the accused Munaf Vadgama, Mr.Gazdar, and Mr. Sakharwala took huge deposits on the name of Redevelopment Project and when the project was complete they sold the property to another firm created by them! Thus leaving the innocent original inhabitants of the building in the lurch!
Mrs. Rehana Madraswala, aged 82 yrs, an original inhabitant of the building since past 4 decades aggravated by the cheating filed a complaint in July 2018 through her advocate Mr. Vinay Rathi. Despite old lady, the brave lady has been painstakingly following the matter with Sr. Police authorities to seek justice. She even met in person the Mumbai Commissioner of Police and D.C.P. Zone 3.
Acting upon her complaint the police have lodged an FIR and charged the trio Munaf Vadgama, Mr.Gazdar and Mr. Sakharwala under various IPC sections like 420, 406. The accused have been given police custody and will be produced before the Sewree Metro Magistrate Court.
According to Mrs. Rehana Madraswala lamented, “The builders issued us direct allotment letters to win our confidence but later unilaterally canceled it taking the building residents aback!” She added, “They are involved many such cheating cases but this is the first time they have been arrested.”