A Delhi court has directed police to submit an action-taken report on a complaint against the promoters of the 32nd Milestone project in Gurugram for alleged financial irregularities. The plea, filed by an investor, accuses the promoters of cheating and fund diversion. The matter is scheduled for further hearing on March 13.
On February 5, Judicial Magistrate Devanshi Janmeja in Delhi issued a notice on an application seeking registration of an FIR against the promoters of the 32nd Milestone commercial project in Gurugram. The court directed the police to provide an action-taken report, with the next hearing set for March 13.
The application was filed by Arvind Gupta, a senior citizen and investor, who claims the promoters and associated entities engaged in cheating, forgery, criminal conspiracy, and criminal intimidation. Gupta purchased a commercial unit in the project, assured that the area would be demarcated soon. The promoters promised guaranteed lease rentals for 30 years and a buyback option at any time. A long-term lease agreement was signed, expecting regular monthly rental income.
However, lease-rental payments ceased from August 2025. The complaint alleges failures to deposit Tax Deducted at Source (TDS) from September 2024, defaults on Goods and Services Tax (GST) dues, and neglect of statutory filings and employee contributions like ESI and PF. These lapses have caused losses to investors, employees, and the public exchequer.
Investors were repeatedly told that rentals and TDS were credited but delayed due to technical issues, assurances that proved false. Fabricated TDS certificates were allegedly shared to demonstrate compliance.
Recently, Gurugram Police filed FIRs against the owner and officials of 32nd Avenue, a retail-and-entertainment hub linked to the project, following protests by investors over unpaid promised amounts.
