The Central Bureau of Investigation (CBI) on Wednesday (July 30, 2025) conducted searches at 47 locations in the national capital region (NCR) after registering 22 cases, on the Supreme Court directive, to probe the alleged nexus between builders and financial institutions for cheating homebuyers.
Names of the companies and their top functionaries mentioned in these First Information Reports include Supertech Limited, AVJ Developers (India), Earthcon Universal Infratech, Rudra Buildwell Projects, Geotech Promoters, Shubhkamna Buildtech, Bulland Buildtech, Decent Buildwell, Rudra Buildwell Construction, Saha Infratech, and Dream Procon.
Logix City Developers, Shubhkamna Buildtech, Jaypee Infratech, Sequel Buildcon, Ajnara India, Vatika Limited, CHD Developers Limited, Ninex Developers, Jaypee Sports International Limited/Jaiprakash Associates Limited, Idea Builders, and Manju J Homes India Limited have also been named, according to the agency.
Hundreds of homebuyers in the NCR, being cheated by builders/developers and further aggrieved by the coercive action of financial institutions against them, had approached the Supreme Court seeking relief. Noting that they were cheated by innovating and introducing a “subvention scheme” of home loans, the Court had in April directed the CBI to institute seven preliminary enquiries.
