In the Krishna Nagar area of Alambagh, a woman has accused Ranjit Singh, Managing Director (CMD) of Samriddhi Infra Developers, of defrauding ₹50 lakh. According to the complaint, the company promised investors plots in the Highway City project located in Jafar Kheda but has yet to provide possession. Meanwhile, investors are being pressured through notices to pay remaining amounts.
Anita Mishra, a resident of Mawaiya, said that she booked multiple plots in her and her relatives’ names.
The company had set the plot price at ₹300 per square foot. Following this, all investors together paid a total of ₹50 lakh.
“We had even completed the registration of two residential plots, but the developers have still not given physical possession,” the complainant said.
She filed a named complaint with the Deputy Commissioner of Police regarding the matter.
The Krishna Nagar police station confirmed that an FIR has been registered against the CMD following the complaint.
During the investigation, it was found that despite receiving investors’ funds, the actual status of the plots was not disclosed.
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Notices and Mental Pressure on Investors
The complainant alleged that the company repeatedly sent notices to pay the remaining amounts, causing mental distress.
Investors claim that even after receiving their money, the company has not shared clear project details.
The administration acted swiftly and registered an FIR against the CMD.
Police stated that the case is serious, and investigation is ongoing to resolve it promptly.
Growing Real Estate Fraud Concerns in Lucknow
This case adds to the increasing worry over real estate frauds in Lucknow.
Experts advise investors to thoroughly check a company’s legal and financial status before investing in any project.
In recent years, several companies have collected large sums from investors without completing projects, causing financial and mental losses.
In such cases, legal action along with investor vigilance is crucial.
Role of Police and Administration
Local police said that the investigation involves reviewing all documents, registrations, and bank transactions.
Following the FIR against the CMD, further legal action will be expedited.
The administration emphasized that investor awareness and monitoring company projects are essential to prevent such frauds.
Investor Community Response
Victim Anita Mishra said, “We felt our money was not safe. Now we hope the administration and police will help us get possession of the plots as soon as possible.”
Local real estate experts recommend that investors always verify a company’s past projects and legal status.
Complete information and registration confirmation are mandatory before making any investment.
Precautionary and Legal Warning
After registering the case against the company and CMD, authorities have appealed to investors not to invest in any project without proper verification.
To curb such incidents in the local real estate market, police, administration, and the investor community must work together.
Awareness and timely legal action remain the most effective tools to prevent fraud.
