Haryana to probe fraud by BPTP Ltd., another developer

The Harayana government has ordered an investigation into the affairs of BPTP Ltd., a New Delhi-based developer, for allegedly defrauding its customers of Rs.15 crore in the name of "stamp duty charges", an official said here on Friday.

The fraud was allegedly committed in relation to Princess Park housing project in Sector 86 of Faridabad, a spokesman of the revenue and disaster management department said.

"It has been alleged that there is a big scandal by the builder company adopting malpractices to extort money from the innocent buyers in the name of government Stamp Duty Charges. By this practice, the company has collected more than Rs.15 crore from the flat holders," he said.

Faridabad-based Holiday City Centre Pvt. Ltd., another developer, would also be investigated on the basis of a separate complaint for allegedly paying less stamp duty and registration fee on the documents executed by it even after collecting more than the requisite fees from the buyers, the spokesman said.

BPTP has also been accused of cheating the government treasury.

The department has given an opportunity to each of the two companies to produce documentary proof in their defence.

The government had "cautioned" all builders to give immediate possession of houses to purchasers and also get the registration done in their favour or return the stamp duty collected from the customers," the spokesman added.