Milestone Housing Scam: Alleged Timbadia–Khan Nexus and the Global Plunder of Homebuyers
The Milestone Housing Scam in Panvel, (Maharashtra) exposes alleged fraud, illegal demolitions, and disputed land transfers involving developers and intermediaries, as investigative journalist Unmesh Gujarathi uncovers claims affecting Indian and NRI homebuyers, with key consumer court hearings now awaited.
Milestone project Scam investigations in Navi Mumbai have expanded from a local property dispute into allegations of organised fraud, illegal demolitions, and asset diversion affecting Indian and NRI homebuyers.
Complaints filed by multiple buyers claim a coordinated network involving developers, intermediaries, and influential figures, raising questions about regulatory oversight, police accountability, and delayed justice within Maharashtra’s estate sector.
According to complainants, what began as delayed possession disputes now involves alleged land transfers, demolished homes, and disputed resales, triggering consumer court battles and renewed demands for central agency intervention.
Allegations Against Rahul Timbadia and Milestone Entities
Buyers allege developer Rahul Maganlal Timbadia, linked to Milestone-branded projects and La Tim Lifestyle and Resorts Ltd. designed a “booking-to-demolition” model after collecting payments through formal banking channels and allegedly overseas too violating FEMA and FERA.
Affidavits and court records cited by complainants allege prolonged construction delays, followed by offers of substitute flats lacking promised amenities, significantly below original contractual specifications and approved layouts.
Several buyers claim their original flats and row houses with furniture and belongings inside were later demolished or sold to third parties, despite full payments, active agreements, and pending consumer court proceedings.
In judicial filings, Timbadia reportedly admitted quality deficiencies in certain constructions, while complainants allege earlier refund orders in parallel cases were suppressed from subsequent buyers.
Some NRI buyers, including United States citizens, allege intimidation after pursuing refunds, claiming threats of false police complaints and assertions of influence within local law enforcement.
These allegations remain contested, and no final criminal conviction has been recorded, but consumer court proceedings continue to examine contractual breaches, delays, and compensation claims.
Claims of Collusion, Access Disputes, and Legal Pressure
Complainants further allege a broader nexus involving influential individuals, claiming indirect pressure tactics were used to deter whistleblowers and suppress public scrutiny of disputed land transactions.
One ongoing dispute involves access rights to privately owned land, where buyers allege prolonged obstruction of approach roads, affecting residential use, religious structures, and basic utilities.
Court filings indicate defamation litigation was initiated in 2022 against an NRI complainant, which defendants describe as reputation protection, while complainants allege strategic litigation to silence disclosures.
Allegations also reference verbal threats by unidentified associates, which complainants say created fear among overseas buyers pursuing legal remedies in India.
All named parties have either denied wrongdoing or stated matters are sub judice, and courts have not adjudicated criminal liability on these allegations.
Land Transfers, Corporate Projects, and Financial Trails
Victims link the disappearance of Milestone structures to subsequent development activity by Proviso Builders, whose residential project now occupies land where “Milestone” demolished homes allegedly stood.
Another strand concerns Panvel’s 275-acre mountain and forest land, originally sold through cooperative entities to numerous buyers, later consolidated and transferred to corporate developers.
Records reviewed by investigators indicate subsequent acquisition by Valuable Properties Private Limited, later taken over by Adani Realty, now developing the land under regulatory approvals.
Separately, Wadhwa Builders’ Wise City Panvel project is also being examined by activists for potential overlaps in land aggregation patterns and intermediary entities.
Complainants allege diverted buyer funds were routed through offshore financial entities, including Gulf Financial Pte Ltd, with references to Gulf and Middle Eastern banking channels.
The Islamic Development Bank has been named in complaints as a jurisdictional link, though no public finding has established institutional complicity or regulatory breach.
Political Accountability and the Road Ahead
Activists argue prolonged inaction reflects systemic failure, alleging coordination between private interests and enforcement agencies, though authorities maintain investigations follow due legal process.
Victims describe the combination of demolitions, delayed hearings, and alleged intimidation as institutional apathy, demanding independent probes by agencies like CID, CBI, or ED.
A key consumer court hearing scheduled for 14 January 2026 is expected to address compensation, possession rights, and compliance with earlier judicial directions.
As proceedings continue, the Milestone Housing Scam remains a test case for India’s real estate regulation framework and the judiciary’s ability to restore buyer confidence.
Sprouts News will continue monitoring official records, court outcomes, and regulatory responses as affected families await clarity, accountability, and recovery of life savings.
Milestone Housing Project: Developer Profile and Key Individuals
Milestone is the name of the housing scheme developed and promoted by La Tim Lifestyle and Resorts Ltd., with overall project execution attributed to Rahul Timbadia and his associates.
The principal individuals associated with the Milestone project are:
1.Rahul Maganlal Timbadia
2.Kartik Maganlal Timbadia
Both individuals are cited in buyer complaints and official records concerning the development, management, and transactions related to the Milestone housing project.
