The company had collected "huge sum" of money from the customers promising them flats. However, inquiries revealed construction work was yet to commence, a police official said.
One of the accused lives in Gurgaon while the rests are Delhi residents.
The Gurgaon District Town Planner Enforcement made a written complaint to the police against the directors of the company contending they had violated the rules of the projects for which they had secured licences, he added.
