Mumbai Developer Booked for ₹100-Crore Fraud: 102 Homebuyers Cheated in Wadala Project
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By L. Sadriwala
- November 13, 2025
The Economic Offences Wing (EOW) of the Mumbai Police has filed a case against BP Gangar Constructions Pvt Ltd, accusing the developer of duping 102 homebuyers of nearly ₹100 crore in a stalled residential project in Wadala.
According to the police, the developer had promised possession of flats in its ambitious ‘Skye 31’ project by December 2024. However, despite collecting massive amounts from buyers since 2018, the project has barely progressed beyond the plinth level.
The complaint, filed by Anil Drone, a 62-year-old chartered accountant from Kandivali, revealed that he had booked a 2-BHK apartment in 2022, only to later discover that the same flat had been sold to another buyer. His statement further alleged that the funds collected from 102 flats were misappropriated and diverted to other firms or for personal use, violating key provisions of the Real Estate (Regulation and Development) Act (RERA).
Also Read: RERA 2.0: Refunds, Delays, and Buyer Rights in 2025-26
Based on Drone’s complaint, the EOW has registered an FIR against the company’s directors — Subbaraman Anand Vilayannur and Uma Subbaraman — along with several unidentified associates, under Sections 406 (criminal breach of trust), 420 (cheating), and 34 (common intention) of the Indian Penal Code.
The ongoing investigation suggests that BP Gangar Constructions collected money for 159 flats, out of which 102 were allegedly sold, even as the site remains largely incomplete. Police sources confirmed that buyers’ total losses could exceed ₹100 crore.
This incident adds to a growing list of real estate scams in Mumbai, highlighting the urgent need for stricter RERA enforcement and transparency in project funding and buyer agreements.
L. Sadriwala, the Editor-in-Chief at Housiey, is a seasoned writer whose professional journey in content creation began in 2015. With a background rooted in a family of real estate developers, her transition into real estate writing was a natural evolution, bringing together her storytelling expertise and deep industry understanding.
Over the years, she has authored impactful blogs across diverse niches such as food, travel, and lifestyle, before establishing her reputation as a trusted voice in Indian real estate. Today, her work stands out for its clarity, accuracy, and ability to simplify complex property concepts for readers.
At Housiey, every article crafted by L. Sadriwala reflects thorough research, verified facts, and a reader-first approach. From decoding housing policies and trends to offering in-depth builder reviews and project insights, her mission is clear: to empower homebuyers and investors with the knowledge they need to make confident property decisions.
Her writing not only informs but also builds trust, making her one of the most credible editorial voices in the real estate space.
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