The Central Bureau of Investigation (CBI) has registered six cases and is conducting searches at 12 locations, in a major crackdown on builders allegedly involved in cheating thousands of homebuyers in Kolkata, Bengaluru, and Mumbai. The agency is also probing the nexus of builders with officials of financial institutions.

The cases have been registered following a Supreme Court directive.

The builders have been identified as Bengaluru-based Ithaca Estate Private Limited, LGCL Urban Homes (India) LLP, and Ozone Urbana Infra Developers Pvt. Ltd.; Mumbai-based Shashwati Realty Pvt. Ltd. (project in Bengaluru) and ACME Realities Pvt. Ltd.; and MKHS Housing LLP, Kolkata.

“It may be recalled that thousands of homebuyers across India being cheated by the builders/developers and further agg

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