Ahmedabad, Oct 18 (NationPress) Businessman Rakesh Lahoti from Ahmedabad has lodged a formal FIR revealing a multi-crore real estate fraud allegedly orchestrated by builder Kamlesh Gondalia, his family, and associated companies.

The complaint, filed at the DCP Crime Office in Gaikwad Haveli, accuses them of forged documentation, multiple property sales, financial deception, and criminal breach of trust.

In the FIR, it is stated that between 2019 and 2025, Rakesh Lahoti, through his firms Clearsky Tradelink LLP and Rakesh Investment Co., signed legitimate Agreements to Sale with Kamlesh Gondalia and his family for the acquisition of high-value properties in and around Ahmedabad and Kheda districts. These properties included six flats in Takshashila Elegna (Ellisbridge), land parcels in Nayka, Kheda (Survey Nos. 390–397), a bungalow in Ambli (Final Plot No. 21, TP 215), and two flats in Treasure Enclave, Bopal (Units B-19 and B-20).

Lahoti claims that despite making full payment for these properties, he never received possession or ownership documents.

“Investigations revealed that these properties were deceptively listed as 'unbooked' on the RERA portal, while the Gondalia group conducted internal family transfers and new transactions to mortgage or sell these assets to other unsuspecting buyers and financial entities,” he stated.

In June 2025, in a bid to conceal the scam, Kamlesh Gondalia purportedly transferred Rs 3 crore into Lahoti's bank account, misleadingly claiming it as a “loan repayment,” according to the FIR. Lahoti contends this was a mere facade to disguise the fraud and hastily “close” the deals.

After confronting Gondalia, Lahoti asserts that he was threatened and faced intimidation through false counter-complaints.

The FIR mentions severe infringements of the Bharatiya Nyaya Sanhita (BNS), 2023, specifically Sections 111, 316, 318(4), 321, 223, 329, and 336, related to cheating, forgery, criminal breach of trust, and organized financial crime.

Lahoti claims to have provided substantial documentary evidence, including registered agreements, bank transaction records, and legal notices to the Crime Detection Branch, the Commissioner of Police, and RERA authorities, demanding a comprehensive investigation into the 'fraudulent' operations of Kamlesh Gondalia and his associates.

“This is not merely a breach of contract; it is a calculated fraud. We were promised legitimate ownership and transparent dealings. Instead, the Gondalia family took our funds, betrayed our trust, and employed every tactic to deny us our rightful ownership. This is not business; this is daylight robbery,” Lahoti exclaimed.

Lahoti has urged the DCP Crime Office to act swiftly by freezing all disputed properties to prevent any further alienation. He has also called upon RERA and financial organizations to perform a forensic audit of all projects linked to Kamlesh Gondalia and his family.

“This exemplifies organized property fraud. If such builders are not held accountable, ordinary citizens will lose faith in the real estate system,” Lahoti added.