Lodha Developers, its directrs, booked by police on charges of extortion, cheating

New Delhi: Lodha Developers, now named Macrotech Developers, have been booked on charges of extortion and cheating by Chatushrungi police in Pune, according to a newspaper report in Times of India.

The directors of the company have also been booked following an order by a magisterial court. A court was hearing a private complaint that was filed by a woman lawyer over a purchase deal of an apartment in one of Lodha’s projects at Worli in Mumbai.

In her complaint, the woman had said she had she purchased a flat in the project in 2013. The same was to be completed by December 2017 but the project was delayed till 2019.

In between this time period, she alleged, Lodha Developers pressurized her to cancel the purchase agreement or pay prevailing market rates of the apartment that was much more than the Rs 5.59 crore that was agreed between the two parties. The woman lawyer said that she had paid about 70 percent of the Rs 5.59 crore to Lodha Developers and felt threatened by constant pressure tactics of the developer.

Judicial Magistrate M P Pardeshi said in her order, “It is alleged…the accused...cheated the complainant and committed breach of trust by assuring her to sale the alleged flat for the consideration amount of Rs 5.25 crore to Rs 5.51 crore. They have used all possible means of pressures...to make the complainant succumb to their illegal demands of cancelling the documents with respect to the flat thereby causing wrongful loss to the complainant and wrongful gain to themselves. The complaint prima facie discloses cognizable offence. Therefore...Chatushrungi police are directed to hold an investigation under Section 156 (3) CrPC after registration of offence.” 

In a statement, Lodha has said: “The complainant is a defaulter who has not made payment of her dues for many years and has thereafter refused to pay applicable interest as per RERA. We have filed case against her in RERA for default and cancellation more than 12 months ago. Last year, she had filed the same case in relevant police station in Mumbai and due to no evidence found to support the complainant’s unsubstantial claims the case was closed, proving the company had not committed any wrong. It appears that she has not disclosed aforesaid information to obtain this new order which, in any event, only says that Police should look into the matter - we will file appeal against this illegally obtained order soon.”