Gurgaon’s Cosmos City Complex Alleged To Be A Multi-crore Fraud posted on 7/8/2014
July 8, 2014: 432 investors have demanded an investigation into Gurgaon’s Cosmos City Complex, alleging it to be a part of multi-crore scam. The said project is located in sector 103 on Dwarka expressway and was built by Adel Landmarks. Interestingly, Adel Landmarks was earlier called Era Landmarks and 432 investors had booked apartments in its Cosmos City housing project by paying a 25% upfront amount. The remaining 75% was agreed to be paid upon possession of the apartments.
It is alleged by the investors that the land where the construction of the complex was about to take place has been sold to Ansal Housing and it has begun construction of its own housing project and opened the bookings for its upcoming apartments.