Mahalaxmi Developers’ directors held in Rs 18 crore cheating case

In 2013, the Thakkars launched Mahalaxmi Residency project in Karjat and accepted bookings from 142 people for 66 buildings.

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ARRESTED-CONSTROFACILITATOR

The economic offences wing’s(EoW) housing unit arrested Parag Thakkar (43) and his wife Shilpa (41), directors of Mahalaxmi Developers, for allegedly cheating flat buyers and investors of Rs 18 crore.

In 2013, the Thakkars launched Mahalaxmi Residency project in Karjat,Maharashtra and accepted bookings from 142 people for 66 buildings.

But they failed to complete the project—only 18 buildings are ready—and allegedly transferred the money into their accounts.