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Ahmedabad, Oct 18 (IANS) Ahmedabad-based businessman Rakesh Lahoti has filed a formal FIR ‘exposing a property scam worth crores’ allegedly perpetrated by builder Kamlesh Gondalia, his family members and related firms.
The complaint lodged at the DCP Crime office in Gaikwad Mansion alleges ‘activities involving fake documents, repeated sale of property, financial misrepresentation and criminal breach of trust’.
According to the FIR, between 2019 and 2025, Rakesh Lahoti, through his companies Clearsky Tradelink LLP and Rakesh Investment Company, entered into legally executed sale agreements with Kamlesh Gondalia and his family for the purchase of high-value properties in Ahmedabad and Kheda districts. These include six flats at Takshila Aligna (Ellisbridge), a land parcel (survey no. 390-397) at Nayika, Kheda, a bungalow at Ambli (final plot no. 21, TP 215), and two flats (units B-19 and B-20) at Treasure Enclave, Bopal.
Lahoti alleges that despite making 100 per cent payment for these properties, possession was never handed over nor were title documents executed in his favor.
“Instead, the investigation revealed that the properties were wrongly shown as “unbooked” on the RERA portal, while internal family transfers and new transactions were undertaken by the Gondalia Group to mortgage or resell the same properties to other unsecured buyers and financial institutions,” he further said.
The FIR states that in June 2025, in a desperate attempt to conceal the scam, Kamlesh Gondalia allegedly transferred Rs 3 crore to Lahoti’s bank account, falsely describing it as “loan repayment”. Lahoti says this was a sham transaction intended to conceal the fraud and forcibly “close” the deals.
Upon confrontation, Lahoti claims Gondalia issued threats and attempted to intimidate him by filing false counter-complaints.
The FIR cites serious violations under the Indian Code of Justice (BNS), 2023, including sections 111, 316, 318(4), 321, 223, 329 and 336, which relate to cheating, forgery, criminal breach of trust and organized financial crime.
Lahoti claims to have submitted sufficient documentary evidence, including registered agreements, bank transfer records and legal notices, to the Crime Investigation Branch, Police Commissioner and RERA officials. He has demanded that the police register a full-scale investigation into the ‘fraudulent’ network run by Kamlesh Gondalia and his associates.
“This is not just a breach of contract; this is a calculated fraud. We were promised dreams of legitimate ownership and transparent transactions. Instead, the Gondalia family took our money, betrayed our trust, and used every trick in the book to deprive us of what is rightfully ours. This is not business, this is daylight robbery,” Lahoti said.
Lahoti has demanded that the office of DCP Crime take immediate action by seizing all the disputed properties to stop further transfer. He has also urged RERA and financial institutions to conduct forensic audit of all the projects related to Kamlesh Gondalia and his family.
“This is a textbook case of organized property fraud. If such builders are not stopped, common citizens will lose faith in the real estate system,” Lahoti said.
–IANS
BRT/and