A Malad-based builder was arrested on May 27 on charges of defrauding home buyers. Atul Prabhu, son of wellknown architect Shashi Prabhu, is also named in the FIR.
According to the complainant, Sanjay Kshirsagar, who is one of the directors of APA Infraventures, floated a residential project named Mountain View in Malad East in 2010, and began taking bookings. The probable date for the completion of the project was given three years from its initiation in October 2010. The home buyers began getting alarmed when no construction began even as the date of completion neared. The complainant Mohan Joshi, an IT executive, reportedly paid Rs 88 lakh as booking amount.
"We were all told about this project by a property broker, who died two years ago. He told us that the project was being undertaken by APA Infraventures which is a joint venture between Atul Prabhu and Sanjay Kshirsagar. I booked three flats in the project," Joshi said in his complaint to MIDC police.
This, however, is not the first time the project has run into criminal trouble. Last year in July, a real estate agent, Hemantkumar Gupta, who invested Rs 3 crore in the project also filed a cheating case against the firm naming Kshirsagar and Prabhu. Besides this, other home buyers have also sent them numerous legal notices over the last two years. Gupta who had booked 32 flats in the building, said, "When I visited the site, the hutments were still intact. It was supposed to be an SRA redevelopment project," said Gupta. Rajan Mishra, a civil engineer, had paid a token amount of Rs 9 lakh.
"We kept chasing the two partners and they kept giving us assurances. After awhile, they just stopped taking our calls or responding to communication," said Mishra whose legal notice was served to the firm on January 30. Kamal Kishore Joshi, another buyer, sent them a notice on January 25 in which he alleged that the firm embezzled the money he paid to book his flat. Prabhu denied being part of the project or the firm. "I was only a signatory, not a witness to the said agreement. In fact, I was only a technical advisor in the firm. APA in APA Infraventures does not stand for Atul Prabhu Associates. It is just a coincidence that the original owners have the same initials. The decision making powers in the company were always with Sanjay Kshirsagar and his wife who are also the directors," he said.
He also claimed that he resigned from the post three years ago. "Even when I was with them, I did not get any salary or remuneration. The notices and FIR name me unfairly as I have no knowledge of or connection with the financial dealings of the company," he explained. "Kshirsagar was produced in court. He has been remanded in police custody till May 30. Investigations are underway to ascertain claims made by Prabhu and the other associates of APA Infraventures," an official from MIDC police said.
Tags : #Mumbai #Maharashtra #RERA #Ghost #Project #Defraud #Buyers