Takshashila builder booked for multi-crore fraud in Ahmedabad

A case of real estate fraud has surfaced in Ahmedabad, where the builders of Takshashila Aligna, located near Ellisebridge, have been accused of cheating investors of crores of rupees.

According to a complaint filed with the Ahmedabad Crime Branch, the builder allegedly took a ₹6 crore loan on flats from the project, violating RERA regulations, and also committed fraud in separate land deals in Ambli and Kheda.

Complainant Rakesh Lohati, a resident of Naranpura, stated that he and his wife, both involved in the real estate and investment business, had booked six flats in the Takshashila Aligna project in August 2020. Each flat was priced at ₹66.50 lakh, with possession promised by August 2025. The couple paid ₹3.84 crore to the builder in installments.

However, construction progress was slow, and upon inquiry, Lohati found that two of the six booked flats had already been sold to other buyers. Further investigation revealed that the builder had mortgaged other flats from the same scheme to IDBI Bank, securing a ₹6 crore loan without informing the investors.

The complaint also mentions fraudulent activities involving two flats in Bopal and the unauthorised transfer of jointly owned land in Kheda to the builder’s name.

Those named in the FIR include Kamlesh Gondaliya, Parthil Gondaliya, Deepti Gondaliya, and Avni Gondaliya of the Takshashila Group.

The Crime Branch has initiated probe into this matter.