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Bengaluru-based Catena Homes India Pvt Ltd is under investigation for allegedly defrauding tenants and homeowners of nearly INR 25 crore through fraudulent leasing practices. Police have registered seven FIRs across areas including Varthur, Parappana Agrahara, and Electronic City. Three individuals-Naveen, Raman, and Ranjith-have been arrested, while director Vivek Keshavan remains absconding. Complaints say tenants paid large sums for rentals only to find owners unpaid or properties unavailable. Authorities estimate 70-80 people may be affected, with cases likely to be handed over to the CID. The scandal highlights risks in Bengaluru's property management sector and the need for stronger oversight to protect tenants.
A Bengaluru-based property management company, Catena Homes India Pvt Ltd, has come under investigation after multiple complaints accused it of defrauding tenants and homeowners of close to INR 25 crore through fraudulent leasing practices. Authorities reported that seven FIRs were filed at different police stations, covering areas such as Parappana Agrahara, Varthur, Ramamurthy Nagar, Amruthahalli, and Electronic City. Advertisement
Police confirmed the arrest of three individuals linked to the company-Naveen, Raman, and Ranjith while the main director, Vivek Keshavan, remains untraceable. The complaints describe instances where tenants paid significant sums for rental properties, only to discover that Catena Homes had not paid owners or provided the promised accommodations.
The scheme reportedly involved advertising properties online, collecting large amounts from tenants, and either failing to pay the property owners or closing operations without notice. Officials stated that over 70 to 80 people could have been affected by these fraudulent practices. The cases are expected to be transferred to the CID for detailed investigation.
This incident has raised concerns about accountability in Bengaluru's property management sector and the risks faced by tenants, especially those relocating to the city. Authorities are urging vigilance and stricter checks to prevent similar fraudulent schemes in the future.
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