This builder arrested by police for duping home buyers

New Delhi: There is no end to crime by a section of the realty players in the country. Pune Police has now Sachin Kulkarni who is the MD of Vastushodh Realty for cheating as many as 18 home buyers. Nitin Kulkarni, who is the Director of the realty firm, has also been arrested.

They have been charged for duping Rs 5.7 crore from these buyers for failing to deliver properties in a housing project at Kondhve-Dhavade area in Pune.

The builder had allegedly promised in 2015 to give possession of the properties in three years, that is, by 2018. When some buyers did not get possession even till 2021, they approached the police and filed a complaint.

Sachin and Nitin were produced before a magisterial court. The court remanded the duo to police custody. The builder had started many real estate projects in Pune in the affordable housing category.