Case Summary
Thousands of homebuyers were left stranded after Amrapali projects stalled and funds were allegedly diverted through related entities.
Year
2019
Fraud Amount
โน3,000 Crore
Category
Real Estate Fraud
Sources
2 linked
Amrapali became one of India's most visible real-estate fraud stories after projects stalled and buyers were left paying EMIs without homes.
Court proceedings and forensic reviews described large-scale diversion of homebuyer money and weak project governance.
The scandal transformed housing fraud from a local grievance into a national cautionary case for middle-class property buyers.
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