Table Of Contents

Dream That Was Sold For ₹1

In 2016, Bollywood actor Vivek Oberoi stood on a stage in Shahapur, Maharashtra, and made a promise that brought hope to people with low incomes.

“Ek rupaya do, flat tumcha naavavar kara. Swimming pool bhi milega, gym bhi milega, sabziwala bhi swim kar sakega!”

Zero down payment.
₹5,000–7,900 monthly EMI for 100 months.
1 BHK for ₹5–10.58 lakh.
Luxury township with clubhouse, garden, 24×7 security.
Possession in 2–4 years.

He called it Mission 360, 5 lakh homes in 360 locations.

He called it karma.

Eleven thousand five hundred families called it their life’s only chance to own a roof.

They paid with wedding jewellery, overtime shifts, children’s education funds, and borrowed money from relatives.

Today, nine years later, most of them are sleeping in the same chawls and slums, but now with ruined CIBIL scores, loan sharks at the door, and tears that never stop.

The Four Ghost Townships

Project	Location	Promised	Price	Possession	Reality
Karrm Gardens	Shahapur, Thane	471	₹6–10 lakh	2018–2020	Barren fenced land, weeds taller than humans
Karrm Panchtatva Ph 1–3	Kasgaon, Shahapur	4,000+	₹10–10.58 lakh	2014–2020	Phase 1 has been stuck at the plinth since 2018; Phases 2 and 3 are in the jungle
Karrm Residency	Dhasai, Shahapur	3,140	₹6–8 lakh	2014 onwards	Half-built, dangerous shells; walls cracking
Karrm Brahmaand	Kelve Road, Palghar	5,000+	₹5–7.9 lakh	2020	Not a single brick laid; RERA registration is useless

Total money collected ≈ ₹320+ crore

Total homes delivered in these projects = 0

How The Scam Was Executed (Step By Step)

Forged NA (Non-Agricultural) certificates, land is still shown as agricultural in the revenue records of 2025.
Zero construction after collecting 30%–100% of the money.
Secret loans taken in buyers’ names using Aadhaar (Motilal Oswal, GIC Housing, etc.), most buyers discovered only when CIBIL crashed.
Money was diverted to directors’ personal accounts, foreign trips, luxury cars, and Dubai properties.
Offices were shifted four times; phones were blocked; emails bounced.
Early “happy buyers” (allegedly paid/staged) gave video testimonials → used to trap more victims (classic Ponzi layer).

Human Cost, Real Names, Real Tears

Prabhuram Giri (60), retired engineer, Panchtatva Phase 1: Lives alone in the only half-built flat. No water, no electricity, and snakes inside. “I sold my ancestral land to book this. Today, my CIBIL is 550. I can’t even rent a room.”
Sapna & Ashok Sagar, Ulhasnagar: Sewing clothes till 3 a.m., driving rickshaw till 1 a.m. for 9 years. “Our children still ask — ‘Papa, when are we shifting to the new house with a swimming pool?’”
Pallavi Bondre (69), senior citizen, Karrm Brahmaand: Won RERA order for refund in 2023 → company simply ignored it. “I am eating one meal a day so my grandson can go to school.”
Rupali Durgale, Mumbra housewife: ₹11.10 lakh loan taken in her name without her knowledge. “They blocked my number. I tag Vivek Oberoi every day on X. He never replies.”
Alok Kumar, IT professional: “My wedding got cancelled because the girl’s family checked my CIBIL Score — 580. Thanks, Karrm.”

At least three suicides have been linked to Karrm debt stress (reported in local Marathi papers 2024–2025).

Where Is The Money? Follow The Dubai Trail

While victims starve:

Vivek Oberoi moved base to Dubai around 2023–2024.
Launched BnW Real Estate & Solitaire Diamonds LLC, current valuation ~₹1,200 crore.
Directors Ramakant Jadhav and Manoj Jadhav, reportedly in the UAE, have non-bailable warrants pending.
ED attached only ₹19.61 crore in March 2025, which is less than 6% of the loot.

Legal Status As Of 7 December 2025

FIRs since 2019 → almost no progress for 4 years.
Bombay High Court (Dec 2023) → slammed Maharashtra Police, transferred all cases to CID-EOW.
ED money-laundering case → ₹19.61 Cr assets attached (March 2025).
Only two minor arrests have been made; the main accused is still at large.
Next crucial hearing → January 2026 (Bombay HC).
Victims are demanding a CBI probe because CID is moving at a snail’s pace.

Why Has Not Vivek Oberoi Been Questioned Yet?

Under the RERA Act 2016, Section 3 & Maharashtra RERA Rules:

Every advertisement must name the “promoter”.
Vivek Oberoi’s face, voice, and name were on every hoarding, video, and brochure.
The promoter is jointly and severally liable for the timely delivery and misuse of funds.
Yet not a single summons to date.

Final Words From A Victim

“We did not steal. We did not gamble. We only believed a film star who said, ‘This is my karma. ’ Today our children sleep hungry, but his children swim in Dubai pools. If this is karma, then we do not want such karma. We only want our money or our home. Please do not let us die like this.”

– Sapna Sagar, Ulhasnagar (recorded Nov 2025)

This is not just another real estate fraud. This is a massacre of trust committed in broad daylight using a celebrity smile.

Latest Court Hearing

The Karrm Infrastructure scam, involving the alleged duping of over 11,500 flat buyers in affordable housing projects in Maharashtra, continues to languish in the Bombay High Court despite multiple directives for faster probes.

The case, filed as a criminal writ petition under Article 226 of the Constitution by 19 petitioners (representing thousands more), highlights fraud, fund diversion (₹ 320 crore and above), forged documents, and stalled construction.

While the Enforcement Directorate (ED) has taken action on the money laundering angle, the core criminal investigation, transferred to the Crime Investigation Department (CID)’s Economic Offences Wing (EOW), remains mired in delays.

Below is a detailed timeline of key hearings and the current status, based on the most recent court records and reports.

No major hearings have occurred in November or early December 2025, with the next one potentially imminent or pending listing.

Key Timeline Of Bombay High Court Hearings

The court has repeatedly criticized the Maharashtra Police for “lacklustre” and “biased” investigations, accusing them of shielding perpetrators.

Here is a chronological breakdown:

Date	Hearing	Key
October 18, 2023	Division Bench (Justices AS Gadkari & Sharmila U Deshmukh) hears petitioners’ frustration over police inaction on FIRs and complaints. Court slams “substandard” probe, noting collusion suspicions.	– Directs DGP Maharashtra to transfer the case to a senior officer (Commissioner-level) for a thorough inquiry. – Inquiry report due within 4 weeks (by November 29, 2023). – Senior defense counsel to initiate mediation for a “comprehensive scheme” by November 9, 2023. – Whistleblower Prabhuram Giri (petitioner #1) hails it as recognition of lapses.
June 15, 2024	Bench reviews mediation failure and ongoing delays. The court expresses “deep disappointment” with police progress.	– Directs all respondents (including state, police, and developers) to file status reports. – Officers “familiar with the cases” must appear in person with investigation records. – Next hearing fixed for September 12, 2024.
September 12, 2024	Status reports submitted; court notes incomplete construction (e.g., deplorable quality in Karrm Residency, halted since 2018) and absent amenities. No resolution from mediation.	– Reiterates probe urgency; expands scope to include banks, gram panchayats, and revenue officials for evidence on “brains behind the scam.” – Matter listed for further directions; petitioners hopeful for CBI involvement, but none ordered yet.
December 26, 2023 (Interim Milestone, Post-Oct Hearing)	Bench (likely continuation from Oct) reviews transfer efficacy after failed mediation. Accuses police of “shielding main perpetrators.”	– Formally transfers all cases to CID-EOW under DGP’s oversight. – Next listing for directions: January 31, 2024 (this was an early 2024 hearing, but sets precedent for ongoing monitoring).
January 31, 2024	Directions hearing post-CID transfer; court probes EOW’s initial steps.	– EOW confirms expanded investigation, but no arrests of key figures. – Matter adjourned for progress reports; petitioners push for faster refunds via attached assets.

Current Status (November–December 2025)

No Confirmed Hearings In Late 2025: As of December 7, 2025, there have been no publicly reported hearings since September 2024. The Bombay High Court website (last updated November 23, 2025) lists general notices, but no specific Karrm mentions. Mid-day’s latest crawl (December 7) reiterates the September 12, 2024, date without updates, suggesting the case may be pending relisting or awaiting EOW compliance reports. Petitioners like Giri report “slow CID progress,” with only two minor arrests and no summons to promoters (including Vivek Oberoi, despite his RERA liability).
Related ED Developments (Money Laundering Angle): Although not a direct HC hearing, the ED’s March 29, 2025, attachment of ₹19.61 crore in assets (properties, FDs of directors, and entities) stems from the HC’s 2023 criticism of police inaction. Raids in December 2024 uncovered fund diversions, but no further HC linkage was reported in 2025. Oberoi’s name resurfaced in March 2025 reports for his promotional role, but no personal summons.
Victim Reactions And Broader Context: Whistleblower Giri (living in a half-built Karrm Panchtatva flat) told Mid-day in a December 2025 update: “CID probe is slow, masterminds evade in Dubai. We need CBI.” No recent X posts (searched since November 1, 2025) on hearings, indicating low media traction. RERA complaints remain unenforced, with HC mediation (Nov 2023) having failed.

Why Do Delays Persist, And What Is Next?

The Court’s Frustration: Repeated rebukes (e.g., Oct 2023: “Lacklustre probe”; Dec 2023: “Biased handling”) highlight systemic issues, such as police collusion and absconding accused (e.g., Jadhav in the UAE).
Potential Next Steps: Expect relisting soon, possibly December 2025 or early 2026, for EOW status. Petitioners demand CBI takeover and asset auctions for refunds. Monitor Bombay HC’s cause list (bombayhighcourt.nic.in) for WP No. [redacted, as per filings].
Impact On Buyers: Over 11,500 families (mostly from lower-middle-class backgrounds) face ongoing debt (e.g., unauthorized loans that damage CIBIL scores). HC’s June 2024 order for personal appearances could accelerate if enforced.