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Investors Accuse B'luru Builder Firm of Cheating
The New Indian Express Kochi
|June 13, 2025
Over 50 people allege they lost ₹30cr invested in apartment projects
AROUND 50 people have approached the Kochi city police accusing Bengaluru-based real estate developer Hoysala Projects Ltd of defrauding them of over ₹30 crore that they collectively invested in new apartment projects at Kusumagiri along Infopark Road in Kakkanad.
Based on the complaint of Sathyanarayanan Gopinathan Nair from Aluva, one of the investors, the Infopark police have registered a case of cheating and criminal breach of trust under the IPC.
As per the complaint, Hoysala Projects allegedly deceived investors, causing them financial distress, and without timely intervention, their lives would be ruined.
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