RNA A habitual defaulter of Banks bids for a Rs 1100CR mega Govt project revoke the tender

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Railway Lands belong to citizens of India if these plots go into wrong hands, We the indians will be losers, so support this petition from our resources going into wrong hands due to connivance of Ministers and Govt. Employees 

 RNA does One-Two-ka-Four again

 We are writing to P. M. Modi and Railway Minister Piyush Goyal, registering our strong objection for inviting RNA Builders a habitual defaulter of Banks and Homebuyers is bidding for a Rs 1,100 crore mega project of Indian railways land to construct housing towers, giving him 1 more chance to swindle public and Govt Monies .

 Mumbai based developer RNA Builders, who has many failed housing projects to his credit and who is on radar of MahaRERA, is bidding for a Rs 1,100 crore mega project of Indian railways related to a 15-hectare plot in Delhi’s Sarai Rohilla, about 5 km from Connaught Place. RNA Builders has failed to procure and get occupation certificate for any of his project.  

 RNA Corp is bidding with Noida-based Eldeco for the project. Under the deal, the builders will be allowed to construct residential towers on the plot. The tenders are expected to be opened next month.

 The railways are also planning to allot land in Mumbai to set up luxury hotels and expects a lot of premium. It has another plot in Delhi’s Ashok Vihar and one each in Hyderabad and Chennai. Overall, the railways have identified around 45 sites in the country, which have a revenue potential of more than Rs 42,000 crore. These sites will be bid out in phases.

 RNA Corp has been reprimanded by MahaRERA, High Courts and other authorities time and again. The developer has also been asked to refund full money with interest to flat buyers for failure to hand over possession of flats in stipulated time in Mumbai and adjoining areas.  The developer has also been directed to pay penalty in a couple cases of flat sale.

 FIR & Criminal Case Against Directors of RNA Builder for duping home buyers of Rs 87.11 Cr plus  The FIR was lodged on April 19, 2017 by Police Sub Inspector Jashri Sangle, based on the complaint of a 72-year-old allottee Clifford Menezes, against the directors of RNA Corp Pvt Ltd; Anubhav Agarwal, Gokul Agarwal, Sarang Agarwal and others. Sections 403, 420, 34 of the IPC and the Maharashtra Ownership of Flats Act (MOFA) have been leveled against the accused. The FIR says that the accused collected Rs 87,11,53,540 from 67 allottees but failed to give possession of flats, for nearly a decade. The FIR was subsequently transferred to the Economic Offenses Wing (EOW) of the Mumbai Police for further investigation.
RNA Corp Dupes State Bank Of India  

as per notices of auction issued by State Bank of India which indicates RNA has failed to repay the loan amount taken from the SBI and SBI is forced to go for e-auction of mortgaged (plot at Palgarh) property to recover the loan amount.

 Bank of India has issued a possession notice dated February 15, 2016 under the Securitisation & Reconstruction of Financial assets and Enforcement of Security Interest Act 2002 to RNA Corp Pvt Ltd and guarantor Chamber Construction Pvt Ltd on taking possession of various assets given security. Assets include Flat/units admeasuring 8820 sq ft Kandivali, Mumbai, parcels of land admeasuring 46300 sq metres in Vasai, Thane and Flat at Sai Mansion,Cumballa Hill Road, Mumbai.

 Now it is surprising that such a discredited developer is bidding for a project from which the railways expect to earn a sizable money through monetisation. Public expects full transparency in every deal of the Government and certainly Railway Minister Piyush Goyal, should live up to expectations. If he is not aware of factual position, his aides should verify credentials of all the bidders so that the railways do not suffer financially, left with incomplete work and eventually get a bad name.

 RNA may be taking undue advantage of his proximity with Piyush Goel Railway Minister

 Citizens of India are expecting good governance, transparency and zero tolerance from the present government, how come RNA Corp who has duped so many banks and thousands of home buyers and has failed to deposit TDS deducted in Govt treasury, the TDS deducted from various employees and contractors, How can such an unscrupulous and unethical builder qualify for such a big tender,

 As such it is imperative that the railways disqualify RNA Corp at the entry stage itself. If need be It can call for a dossier of RNA Corp from MahaRERA. SRA, MCGM and MHADA, Otherwise the Janata Congress is prepared to give update about RNA Corp. Under the circumstances the Janata Congress demands that the railways disqualify RNA Corp from above mentioned a Rs 1,100 crore mega project of Delhi.

 We request Railway Minister Piyush Goel to take action and not to create one more Nirav Modi, Lait Modi and Vijay Mallya

 Akhilesh Kanojia National Secretary

Janata Congress


Sulaiman Bhimani Legal Consultant

Expert RERA & Co-operative Scty Matters

Human and Civil Rights Activist

President Citizens Justice Forum 

President of Janata Congress party (Mumbai District)


 Link to Failed Projects and defaults in loans taken from various Banks

 1)  NRI Couple Cheated by RNA Builders in RNA Regal Project Kandivali 

 2)  RNA Developer's office being auctioned by Allahabad bank to recover loan amount
 3)          Criminal Case Filed against Anubhav Agarwal of RNA CORP. By Bank Of India In Andheri Magistrate Court Under Section 138
4)          Yet another BMC notice to RNA Corp. developer for incomplete rehab project
5)          RNA Corp teaches Exotic Arithmetic to Axis Bank! "One-two-ka-four, four-two-ka-one, my name is Lakhan"


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