New Delhi: In a major crackdown on builders involved in cheating and defrauding thousands of homebuyers in National Capital Region (NCR) and to investigate the nexus of builders and officials of financial institutions, Central Bureau of Investigation (CBI) has registered 22 cases against different builders of NCR and unknown officials of various financial institutions in compliance of the directions of the Supreme Court (SC) and conducted searches at 47 premises across NCR.
List of Builders & Projects Under Scrutiny
The CBI has named 22 builders and their projects in the FIRs, including some well-known real estate firms:
| S.No. | Builder / Company Name | Project Name |
|---|---|---|
| 1 | M/s Supertech Limited | Various Projects |
| 2 | M/s AVJ Developers (India) Pvt. Ltd. | AVJ Heights |
| 3 | M/s Earthcon Universal Infratech Pvt. Ltd. | Casa Royale |
| 4 | M/s Rudra Buildwell Projects Pvt. Ltd. | Rudra Palace Height |
| 5 | M/s Geotech Promoters Pvt. Ltd. | Geotech Blessing |
| 6 | M/s Shubhkamna Buildtech Pvt. Ltd. | Shubhkamna City |
| 7 | M/s Bulland Buildtech Pvt. Ltd. | Bulland Elevates |
| 8 | M/s Decent Buildwell Pvt. Ltd. | Shri Radha Aqua Gardens |
| 9 | M/s Rudra Buildwell Construction Pvt. Ltd. | KBNOWS Apartments |
| 10 | M/s Saha Infratech Pvt. Ltd. | Amadeus |
| 11 | M/s Dream Procon Pvt. Ltd. | Victory Ace |
| 12 | M/s Logix City Developers Pvt. Ltd. | Blossom Zest |
| 13 | M/s Shubhkamna Buildtech Pvt. Ltd. | Shubhkamna Advert Tech Homes |
| 14 | M/s Jaypee Infratech Ltd. | Orchards |
| 15 | M/s Sequel Buildcon Pvt. Ltd. | The Belvedere |
| 16 | M/s Ajnara India Ltd. | Ajnara Ambrosia |
| 17 | Vatika Limited | Vatika Turning Point |
| 18 | CHD Developers Limited | 106 Golf Avenue |
| 19 | Ninex Developers Limited | Ninex City |
| 20 | Jaypee Sports International Ltd. / Jaiprakash Associates Ltd. | Kove & Kassia Projects |
| 21 | M/s Idea Builders Private Limited | Red Apple Residency |
| 22 | M/s Manju J Homes India Limited | Red Apple Homez |
Background of the case
Thousands of homebuyers in NCR, being cheated by the builders/developers and further aggrieved by the coercive action of financial institutions against them, approached the Supreme Court by way of filing SLPs, seeking relief.
The Supreme Court observing the unholy nexus between the builders and the financial institutions in cheating the homebuyers by innovating and introducing ‘Subvention Scheme’ of home loans, in the month of April 2025, directed CBI to register 7 Preliminary Enquiries (PEs).
Following the directives of Supreme Court, CBI had registered 7 PEs and within the time period of 3 months completed enquiry in 6 PEs and submitted the status report before the Supreme Court.
Upon perusal of the status report submitted by the CBI, the SC directed CBI to register 22 Regular Cases, against different builders in NCR area and unknown officials of financial institutions.
In this connection, CBI has registered 22 cases and conducted searches at 47 locations/places at Delhi, Gurugram, Noida, Greater Noida, Ghaziabad etc. Various incriminating documents and some digital electronic evidences have been seized during the searches.
Investigation is underway, stay tuned to Dynamite News for further updates.