Gujarat’s CID (Crime) has initiated a formal investigation following investor complaints alleging a financial fraud exceeding ₹1.56 crore linked to a high-return commercial property scheme in WTC GIFT City. The scheme promised substantial monthly yields and guaranteed buybacks, which allegedly failed after September 2022.

Gujarat Real Estate Regulatory Authority and GIFT City officials announce decisive measures to complete the troubled World Trade Center project, offering hope to affected investors through association formation or developer substitution.