Ahmedabad: Businessman accuses 3 builders of Rs 59 crore land fraud | Ahmedabad News

Ahmedabad: Businessman accuses 3 builders of Rs 59 crore land fraud

Ahmedabad: Three city-based builders allegedly cheated a family of Rs 58.9 crore by promising to resolve disputes over its ancestral land and subsequently retaining large portions of the sale consideration under various pretexts. A complaint was filed against the trio with the detection of crime branch on Sunday.The economic offences wing has begun investigating the complaint filed by a 42-year-old businessman from Bodakdev. The accused are a builder, his son, and another family member, who operate from an office in Bodakdev.According to the complaint, the family owned ancestral land in Sarkhej-Okaf Fatewadi, parts of which were occupied by tenants and others. Disputes over ownership and possession had also arisen after the complainant’s uncle and his sons staked claims on the properties.In Feb 2022, the family approached the accused, who offered to resolve the disputes and secure possession of the plots. They allegedly proposed that the family sell some land to them and use the proceeds to meet expenses for clearing the remaining properties.The complainant alleged that the parties subsequently entered into agreements involving land parcels measuring around 56,000 square yards, with an agreed value of Rs 120 crore. The builders allegedly obtained notarised agreements and powers of attorney and made payments through cheques.However, the family claimed that despite executing several registered sale deeds between 2024 and 2025, it did not receive the full agreed consideration. The accused allegedly cited expenses of nearly Rs 90 crore for clearing the land but did not provide supporting documents.The complainant alleged that the builders retained Rs 58.9 crore, including amounts due for different land parcels and the money promised as investment in a proposed construction project.

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