Some developers feel series of scams involving real estate developers has shaken the faith of people on the market. “Illegalities involving many real estate groups in the recent months have made customers apprehensive. Many illegal money circulation companies also had interest in real estate. These factors were discouraging buyers,” said D S Tripathy, the national joint secretary of Credai.

Notably, High-Tech Group chief Tirupati Panigrahi, Seashore Group’s Prashant Dash, Artha Tatwa chief Pradeep Sethy, Sarala Realcon boss Gayadhar Jena were arrested on various charges. All these groups have stakes in the realty sector.

Simax Builder MD arrested for duping customers http://pragativadi.com/twin-city/simax-builder-md-arrested-for-duping-customers

METRO BUILDER PIYUSH MOHANTY committed fraud http://odishabulletin.com/piyush-mohanty-committed-fraudresidensts-allege/

Odisha Crime Branch arrests Siridi Sai Real Estate http://timesofindia.indiatimes.com/city/bhubaneswar/Realtor-held-for-Rs-10-cr-land-fraud/articleshow/30556364.cms

Umamani Home Creation Private Limited

Fraudulent Real estate promoter arrested: CB DIG

http://timesofindia.indiatimes.com/city/bhubaneswar/Reality-check-for-realty-sector/articleshow/20978629.cms

http://www.odishareporter.in/tag/real-estate-fraud