Rakesh Lahoti, an Ahmedabad-based entrepreneur, has lodged a formal FIR accusing builder Kamlesh Gondalia and his family of orchestrating a large-scale property fraud amounting to crores. The complaint, lodged at the DCP Crime Office, details allegations of forged documents, repeated sales of the same properties, deceptive financial practices, and a criminal breach of trust. The alleged scam unfolded between 2019 and 2025, involving Rakesh Lahoti’s firms, Clearsky Tradelink LLP and Rakesh Investment Co., which had entered into sale agreements with Gondalia for numerous properties. These acquisitions included flats in Takshashila Elegna, land in Nayka (Kheda), a bungalow in Ambli, and apartments in Treasure Enclave, Bopal. Lahoti reports making full payment for all these properties but has not received possession or title deeds. He further alleges that the Gondalia group misrepresented the properties as ‘unbooked’ on the RERA portal while simultaneously engaging in internal transfers and new sales to secure mortgages or sell to other parties. A Rs 3 crore transfer in June 2025, disguised as a ‘loan repayment,’ is cited in the FIR as a cover-up attempt. The complaint also details alleged threats and intimidation tactics used by Gondalia when confronted. The FIR points to violations of the Bharatiya Nyaya Sanhita (BNS), 2023, covering offenses like cheating and organized financial crime. Lahoti has submitted substantial evidence and calls for an immediate investigation and freezing of disputed assets to prevent further fraudulent transactions, aiming to safeguard citizens’ confidence in the real estate market.
