Sk Hooda — director of an buildwell has been arrested by the economic offence wing (eow) of delhi police

Address: New Delhi, Delhi

The 75-year-old promoter and director of an buildwell has been arrested by the economic offence wing (Eow) of delhi police on charges of cheating and criminal breach of trust after homebuyers who booked flats in the realtor's spire woods project in gurgaon filed a complaint against him.
The project stalled after the developer abandoned it three years ago, and the realty firm is under liquidation.
Surendra kumar hooda was arrested on september 20 and has been hospitalised since. On tuesday, the saket court rejected hooda's bail application and sent him to judicial custody.
More than 1, 700 buyers have invested in two projects of an buildwell — spire edge in manesar, a commercial project, and spire woods in sector 103, a housing project.
Mired in controversy since the launch of the two projects, all directors of an buildwell resigned, and construction work at their sites has been at a standstill for three years. The company went into liquidation in 2016.
A group of homebuyers filed a police complaint, based on which an fir under section 420 (Cheating), 409 (Criminal breach of trust) and 120b (Criminal conspiracy) was filed at sarita vihar police station in delhi in march 2016. The registered office of the company is in delhi, though its projects are in gurgaon.in june 2016, the case was transferred to the economic offence wing of delhi police.
"since there was no progress in the case even several months after filing a complaint against the builder, we approached saket court in february 2017 seeking a court-monitored probe," said anuj kumar, one of the homebuyers who filed the police complaint. He said the eow started the investigation on the directive of the court.
In a hearing on august 8, the complainants alleged that the realtor had not been arrested because of his "political connections".
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27 Comments

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This is for sure a crisis situation for all the buyers. And this is not the one and only case that has ever happened in our country, there have been hundreds and thousands cases where the builder has looted several buyers and have ran away with their hard earned money. SK Hooda & Sunil Gandhi had trapped innocent consumers and the company AN Buildwell now covering up their acts of ill-management.
I heard that few people spotted Sunil Gandhi who was absconding for near about 4 months roaming comfortably at a prominent location on Lodhi Road. This is sheer ignorance from the authority. SK Hooda & Sunil Gandhi are guilty and a strict action against them is all we want.
Disappointed over the rude behaviour of Economic offense Wing (EOW), several buyers of A N buildwell(SK Hooda & Sunil Gandhi) knocked the door of Delhi BJP chief Manoj Tiwari in hope to get justice. Mr Tiwari has given assurance to buyers and said that he will talk to the concerned authorities. Let's see what he does.
Let's see how Mr Tiwari provides assistance to grieved buyers. Also I want to make all the buyers aware that don't get trapped in what builders like SK Hooda & Sunil Gandhi say and promise. Go through a deep research and do take experts' advice.
Hope to see some fast action in case of fraud promoters SK Hooda & Sunil Gandhi. If Mr Tiwari has assured ge will keep up his promise.
It's high time now and we hope for fast legal action against SK Hooda & Sunil Gandhi. They have deceived many by not providing houses after taking the money for their building project.
Bribery and corruption continue to be the biggest challenge for real estate, and and the risk will only be minimized by increasing enforcement of regulations and stricter penalties. I as investor seek strict action against SK Hooda & Sunil Gandhi.
A house is an emotional investment and SK Hooda & Sunil Gandhi have killed buyers dreams of owning their home. We seek Strict action against them.
Authority needs to take action against fraudulent strategies and techniques need to be discussed and delineated carefully in order to safeguard buyers and investors from falling prey to wily realtors like SK Hooda & Sunil Gandhi.
With the implementation of RERA, we hoped that things will go in a positive direction for buyers against fraudulence. It's been a year now and we have seen very less progress in the ANB's case. Legal action required against SK Hooda & Sunil Gandhi.
RERA and GST somehow have lifted the sentiment but still, there's a lot to be done. First, we need to block all the fraudulent routes and practices from the real estate sector. And yes we also want pending cases to be solved asap. Action required against SK Hooda & Sunil Gandhi.
Buyers have been fighting for their investments in the allegedly fraudulent ventures of ANB. And I don't know when they will receive their compensation. We all want govt to take stringent action against SK Hooda & Sunil Gandhi.
The frauds include the delay in delivery of projects, diversion of funds allotted for projects to create land banks, sale of projects in which licenses have not been procured and change in the specification of flats at the time of delivery, among others. SK Hooda & Sunil Gandhi have fooled innocent buyers and should be punished.
Many times legitimate buyers fall in love with a home and decide to pounce on it before anyone else can. Such scenarios are common and totally legit. And fraud builders like SK Hooda & Sunil Gandhi are killing the dreams of people who desire to have their own home.
As the technologies and the landscape of the market continue to shift, so does the real estate scams. Now consider the case of SK Hooda & Sunil Gandhi who have brutally killed innocent buyers dreams. They must get strict punishment for this.
I have heard that several media houses tried to reach out to promoters — SK Hooda and S Gandhi — through calls and text messages but there was no response.
Even I have also read somewhere that media is trying to reach out to SK Hooda and S Gandhi but they are not responding. I request authorities to get them in custody and ensure strict punishment.
It is not every day that you decide to buy real estate and when you decide fraud builders like SK Hooda and S Gandhi step in to ruin your dream.
We all must exercise maximum caution to prevent fraudulent practices. Today real estate is full of scams and builders like SK Hooda and S Gandhi are always there to trap you.
In some cases after receiving the initial deposit and a few installments, the owners abscond. The same has happened in ANB case.SK Hooda and S Gandhi flew away with buyers money.

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