Delhi Police’s Economic Offences Wing (EOW) has registered a First Information Report against Ocean Seven Buildtech (OSB) and its managing director in connection with the stalled Expressway Towers housing project in Gurugram’s Sector 109. According to recent coverage, the case follows complaints from homebuyers alleging cheating, misrepresentation, and diversion of project funds. The affordable-housing project, launched in 2016 with a stated timeline placing possession around 2022, remains incomplete even after buyers reportedly paid a large share of their dues. The FIR, which cites IPC sections including 406, 409, 420 and 120B, references claims of fraudulent resale of allotted units and irregular withdrawals—allegations that have compounded concerns for the more than 1,000 units planned in the scheme. Parallel reporting over the past months has also noted Haryana RERA orders awarding interest to affected buyers for delayed possession, underscoring ongoing regulatory scrutiny while the criminal probe proceeds. The developer has denied wrongdoing, attributing delays to pandemic-related disruptions and NGT-linked restrictions, and has publicly stated that work has substantially progressed with revised delivery targets. The Times of India +2 ETRealty.com +2 For consumers and market observers, the development highlights persistent stress points in delayed projects—escrow discipline, disclosure of construction milestones, and use-of-funds transparency—that become critical once timelines slip. Buyer groups have urged authorities to freeze accounts, conduct forensic audits, and ring-fence receivables to protect end-users. EOW’s action arrives amid broader local enforcement moves; separate complaints and regulatory rulings on the same project have surfaced in recent months, including interest awards and directions to restrain charges beyond contract terms. While the FIR is an initial step that requires investigation and due process, it is likely to shape the near-term trajectory of the project and could influence sectoral practices around affordable housing governance. In the interim, stakeholders will watch for whether a court-monitored completion path or an escrow-tightened restart can meaningfully accelerate possession for buyers while ensuring compliance with H-RERA directions.