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An FIR has been filed against the directors of Ocean Seven Buildtech Pvt Ltd after homebuyers raised allegations of fraud, fund diversion, and criminal breach of trust in the stalled Expressway Towers affordable housing project in Gurugram. Buyers claimed that allotted flats were illegally cancelled and resold, construction has remained incomplete for years, and intimidation tactics were used to prevent oversight. The police have begun investigating financial records, escrow transactions, and project documentation to determine accountability. This case adds to ongoing scrutiny of developers failing to deliver promised affordable housing.
Police in Gurugram have registered an FIR against the directors and office-bearers of Ocean Seven Buildtech Pvt Ltd following complaints from homebuyers of the Expressway Towers affordable housing project in Sector 109. The allegations include cheating, criminal breach of trust, forgery, criminal conspiracy, and fund diversion. Buyers also accused the builder of intimidation and obstructing site access. Advertisement
The FIR, registered under sections 420, 406, 409, and 120-B of the Indian Penal Code at Bajghera police station, names Swaraj Singh Yadav, Sunita Swaraj Yadav, and Arun Yadav as the accused. The complaint was filed by the Expressway Towers Gurgaon Buyers Association, representing 1,089 allottees. An assistant sub-inspector has been assigned to the investigation, which will include examining financial records, escrow account transactions, and project documentation to track the alleged misappropriation of funds.
The Expressway Towers project was launched in December 2016 under the Affordable Housing Policy with possession promised by 2022. Nearly nine years later, buyers allege that construction is stalled at 65-70% completion and there is no credible delivery timeline. Despite repeated assurances, the builder has allegedly failed to provide homes or transparent progress updates.
Buyers have stated that bouncers and armed guards were deployed at the project site to prevent them from entering and questioning delays. Legal notices demanding significant sums, in some cases running into crores of INR, were reportedly sent to buyers to discourage complaints and suppress dissent.
Central to the allegations is the claim that flats allotted through the official draw of lots were illegally cancelled and resold to third parties without following due process. Buyers alleged that forged newspaper notices were used to legitimise these resales. The complainants claim that directors induced them to invest their life savings while allegedly having no intention of completing the project.
This FIR adds to ongoing enforcement actions against Ocean Seven Buildtech, which has faced previous scrutiny for money laundering and policy violations related to its stalled projects. Authorities are increasingly focusing on developers who fail to deliver affordable housing while diverting funds, as such cases impact thousands of homebuyers across India.
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