Gang busted in Rs 100 cr housing loan fraud in Noida

Heard some unsettling news coming out of Noida. Apparently, a major housing loan fraud has been unearthed, with a gang working with builders to siphon off ₹100 crore through fake loans. This is a huge red flag for anyone looking to buy property in Noida. It highlights the importance of doing thorough due diligence and verifying all property documents independently. It also raises questions about which builders were involved and whether existing projects are compromised. Is this bust ultimately good news, weeding out bad actors, or does it create more uncertainty for buyers in Noida?