Mehul Choksi, who was implicated in the multi-crore PNB scam with his nephew Nirav Modi, had started building luxury residential project, Tatva, in 2010. The project comprises two towers of 20 and 21 storeys respectively, adding up to a total of 155 apartments. Around 100 of these have been sold.
Their troubles only multiplied from there - the allottees were informed that their homes will be ready this December. But then Choksi went on the run in February to evade arrest in the PNB scam. The final horror emerged on March 8, when one of the allottees noticed a signboard outside Tatva towers, declaring that Laxmi Infra Developers was the new developer of the project. This was confirmed during an NCDRC hearing on April 4.
One of the home buyers, Sumit Sarkar, said, "This is against the norms; a change like this should have been communicated to us. Our consent is required for this." He added, "I sold my flat and took a huge loan from the bank to be able to pay Gitanjali. Now the construction has completely stopped. There is no one to complete the project as Mr Choksi has fled the country. We have already filed a complaint with RERA."
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