New Delhi, March 6 -- The property market in the National Capital Region (NCR) has witnessed a clean-up and turnaround in recent times. Now, a new crisis seems to have hit the market, with allegations of cheating and defrauding of homebuyers doing the rounds. Mint explains:

Last week, the Enforcement Directorate (ED) raided the NCR premises of two developers-the WTC Group and Bhutani Infra-and their promoters. First information reports filed by the Economic Offences Wing alleged cheating, criminal breach of trust and defrauding of hundreds of homebuyers. Documents worth over Rs.3,500 crore, collected from investors against projects in NCR, were found. Buyers were lured into investing, but the money was allegedly siphoned off and the proj...