Follow us on Google News
Two more fraud cases have been registered against real estate firm MG Builders and Developers at the Vibhuti Khand police station in Lucknow, following allegations that the company cheated two buyers out of Rs 17.20 lakh on the pretext of providing residential plots on equated monthly instalments (EMIs). The complainants have accused four individuals, including the company director, of taking money for residential plots and failing to execute the registry. Police have registered the cases based on the written complaints submitted by the victims and initiated an investigation into the matter.
According to Inspector Upendra Singh, the cases were filed by Vishal Shukla, a resident of Sector-O in Mansarovar Yojana on Kanpur Road, and Aarti Shukla, a resident of Juhi Colony in Kanpur. Both victims stated in their complaints that they had approached MG Builders and Developers in 2018 to purchase residential plots. At the time, company employees informed them about a residential colony being developed in Aurawan village of Bijnor along Shaheed Path.
Plots Booked in 2018 After Assurances
Relying on the representations made by the company representatives, both complainants booked two residential plots measuring 1,500 square feet each. According to Vishal Shukla, he paid Rs 8.70 lakh toward his plot booking. In the second case, a payment of Rs 8.50 lakh was made, bringing the total amount paid by the two buyers to Rs 17.20 lakh. Note that the original newspaper clipping refers to Aarti Shukla as the complainant in the second case while mentioning the name Kiran in connection with the Rs 8.50 lakh payment.
After receiving the money, the company allegedly failed to move forward with the legal transfer of the land. Whenever the buyers contacted company staff to get the plots registered in their names, the employees delayed the process under various pretexts. Initially, the staff told the buyers that company director Vinay Mishra was admitted to a hospital and assured them that the registry would be completed once he recovered.
Delays Continued for Years
Despite repeated follow-ups, the registry was deferred for several years. The buyers stated that the company staff continued to stall them without completing the paperwork. On May 23, 2024, the complainants were informed that director Vinay Mishra had passed away. Following his death, his wife, Sumita Mishra, took over as the director of the company.
The victims alleged that the change in leadership did not resolve their issue. When they approached Sumita Mishra to complete the registration of their plots, she allegedly refused to do so. The complainants also contacted company partners Shashank Singh and Sakshi Dhawan regarding the registry, but they too allegedly declined to execute the transfer.
Case Registered Against Four Individuals
Left with no option after years of waiting and the eventual refusal by the new management, both victims approached the Vibhuti Khand police station to seek legal action. Based on their complaints, police registered cases of fraud against four individuals, including the company director.
The real estate firm has previously faced allegations of collecting crores of rupees from buyers by promising residential plots on EMIs. With the registration of these two fresh cases, the scrutiny on MG Builders and Developers has intensified. Police officials said the allegations detailed in the complaints are being examined as part of the ongoing investigation.
