However, the group neither delivered the houses as promised nor did it return the money, said O P Mishra, Joint Commissioner of Police (EOW).
In the second case registered in 2018 at Anand Vihar Police Station, the complainant said that the developer had launched its project 'Amrapali Golf Homes' at Greater Noida and promised the buyers possession of homes in 2014.
However, the home buyers have still not got their homes, police said.
The officer said that during 2010-2014, the group proposed to construct around 42,000 residential flats in Noida and Greater Noida and took advances from buyers, ranging from 40 per cent to 100 per cent of the value of the flats.
"The Group had promised to complete the construction and hand over the possession of the apartments within a period of 36 months but they failed to give possession even after more than 10 years," said Mishra
The officer said they recently arrested the directors and other officials of the Amrapali Group
in 14 more cases and the chargesheets have been filed in 15 cases.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.