In a new development in the Bopal builder scam, authorities are investigating a massive real estate fraud that has swindled 183 people out of approximately Rs 35 crore. The accused, operating under the name Privilon Buildcon LLP, allegedly used fake documents, deceptive advertisements, and aggressive promotions to lure buyers into investing in the nonexistent 22-story project called Celestial Towers in Ghuma village, Bopal.
One of the victims, Niyati Thakkar, filed a complaint revealing that the builders organized property expos, distributed brochures, and collected substantial booking amounts from multiple buyers. Niyati and her father paid Rs 25 lakh for a flat via a bank cheque, while the builders even notarized an MOU to give the project a semblance of legitimacy.
The builders are accused of duping 183 individuals under the pretense of selling flats in Bopal-Ghuma. They falsely claimed ownership of plots in the area and advertised the Celestial Towers project, which never materialized.
Investigations have uncovered that the land in question was not owned by the builders, and no necessary permissions were obtained from authorities such as RERA. Despite receiving significant payments, no construction took place, and the site was left abandoned. Buyers demanding refunds were threatened.
Authorities have now launched a full investigation, with two Deputy Superintendents of Police (DySPs) and two Police Inspectors (PIs) leading the probe. Jaydeep Kotak, one of the accused, was arrested on Wednesday. After his arrest, a viral video showed his partner, Hiren Karia, claiming to have distanced himself from the scam seven months ago. Hiren Karia is now facing an extortion complaint.
Om Prakash Jat, DySP of Ahmedabad Rural, confirmed that the investigation is ongoing, and further victims of the scam are expected to emerge. The total amount involved in the scam could eventually reach Rs 200 crore.
