Indian Real Estate Scam Diaries
> Builder, Sidhartha Buildhome Pvt Ltd, collected about Rs 520cr from more than 950 homebuyers for two projects, Sidhartha Estella and Sidhartha NCR One/Greens in 2010-2011
> Construction stopped at the same time when possession was due in 2014-15
> After several delays, homebuyers going around for justice, builder went into insolvency in March 2021
> NCLT decided to revive the projects on the assurance of builder to give the possession within 6 to 12 months, in May 2023
> ED properties are worth Rs 95cr worth of assets under the Prevention of Money Laundering Act (PMLA) in Mar 2025
Several buyers are still waiting for 15 years for the possession after paying 95% of the house costs and with RERA Act in place.
Your present research drives your future, not the FOMO driven rosy narratives of realtors and builders.