Over 700 home buyers of Kalpataru Radiance, Goregaon West have hit streets for seeking their homes that were delayed for 10 years. The project has received Part Occupation Certificate on 10th April 2023. Since then, till now, many home buyers are still awaiting possession to their home.
However, according to the company sources, the total number of houses are 500+ and almost 300 houses have been handed over with 60 plus families already moved in.
“Kalpataru has been delaying possession without any reason, resorting to tactics to frustrate home buyers many of whom are senior citizens. Many aggrieved Senior Citizens buyers like me who have not received homes for over 10 years had reached out to Courts seeking intervention to get possession to our homes,” said Ishwarlal Vanjara, one of the homebuyers.
An FIR was filed on 6th June 2024 at Goregaon Police Station against the accused namely, Parag Munot, Mofatraj Munot, Ismail Kanga, Devesh Bhatt, Narendra Lodha, Om Prakash Mehta, (referred to as Accused) for cognizable offence committed by them under Sections 420, 409, 34,120(B) of Indian Penal Code along with Sections 3 & 4 of MPID (Maharashtra Protection of Investors & Depositors Act) post order from Hon MPID Court / City Sessions Court.
The homebuyers said, “It is unfortunate that Kalpataru Group in spite of being an established real estate and infrastructure player with a large group company listed on the stock exchanges of India, has been resorting to these unprofessional tactics and cheating home buyers like us. We remain ever grateful to Indian Judicial System & Media who have to come to the rescue of long-suffering home buyers like us.”
When Realty+ reached out to the company for their response, the SPV for Kalpataru Radiance Project Keyana Estate LLP stated, “We have not received any official intimation so far and are hence not in position to comment on its contents. However, we would like to inform that our project at Goregaon has received the OC for the entire project. We have already handed around 300 homes to our esteemed customers and are in process of handing over the balance.”
The charges against Accused have been registered under Section 3 and 4 of the Maharashtra Protection of Interest of Depositors Act (“MPID Act”). MPID Law has been promulgated against those unscrupulous entities/individuals who dupe the gullible individuals out of their hard-earned money and never fulfill their promises as assured.
This act which attracts punishment of imprisonment and also provides for attachment of properties of the Accused is emerging as potent law in protecting interests of home buyers and investors. Along with MPID, charges have also been registered under Sec 409, 420 & 120(b) of Indian Penal Code given, Criminal breach of Trust along with intention of Cheating and Dishonestly inducing delivery of property – punishable with imprisonment which may extend to seven years and may also be liable to fine.
