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Kalyan MHADA project: Homebuyers allege Rs 176 crore collected, construction stalled since 2022

Summary by Times of India
Frustrated homebuyers have lodged complaints against Tycoon Avanti Projects LLP, alleging serious delays in a redevelopment project that has left them without their promised flats after substantial payments. The Shantidoot Cooperative Housing Society reports ongoing financial and construction problems dating back to 2022. Although the developer denies involvement in any financial misconduct, they attribute the issues to regulatory hold-ups.

5 Articles

Alleged housing fraud of Rs 176 crore in Kalyan, case filed on complaint of 184 residents, builder accused of fraud A case of alleged fraud of more than Rs 176 crore has come to light in connection with a redevelopment project in Chikangarh area of Kalyan West in Thane district. In this case, Khadakpada police have arrested tycoon […]

Kalyan Redevelopment Scam: Khadakpada police have registered a case against the developers and started investigation on the charge of fraud of more than Rs 176 crore in the Tycoon Gold Avenue Redevelopment Project in Kalyan West.

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Times of India broke the news in India on Thursday, October 1, 2026.
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