Gurgaon Police have registered multiple FIRs against the owner and officials of 32nd Avenue, a well-known commercial and lifestyle complex in Sector 15, Gurugram, following complaints by investors who allege default in promised rental payments.
For the past several months, groups of investors have been repeatedly gathering at the complex, staging protests and demanding the release of dues which they claim have not been paid since September last year. The protests intensified over the past week, drawing public attention to the financial dispute unfolding at one of Gurugram’s most popular retail destinations.
Investors Claim Promised Returns Were Not Honoured
According to complainants, several investors had put money into the project after being assured fixed and timely rental returns. However, they allege that despite repeated follow-ups, payments stopped abruptly, pushing many into financial distress.
Some investors claim they are servicing bank loans taken to purchase units at the complex and are now struggling to meet EMIs due to the alleged non-payment of rentals. Protesters said they were left with no option but to approach law enforcement after their grievances went unresolved for months.
Employees Also Allege Non-Payment of Salaries
The dispute has also raised concerns about the welfare of workers employed at the complex. An employee of 32nd Avenue alleged that staff members have not been paid salaries for several months, adding another layer to the controversy.
According to workers, uncertainty over payments has affected daily operations and morale. Some employees claimed that repeated assurances were given by the management, but payments were either delayed or not made at all.
Police Action After Multiple Complaints
Police officials confirmed that FIRs were registered after receiving formal complaints from investors, following preliminary verification of documents and payment claims. The cases reportedly relate to allegations of cheating, breach of trust and financial misrepresentation, though investigators are still examining the nature of agreements signed between investors and the management.
Officials said statements of complainants are being recorded and financial records will be scrutinised to establish whether contractual obligations were violated.
32nd Avenue’s Reputation Under Strain
32nd Avenue is widely known as a premium lifestyle and food destination, housing several popular restaurants, cafes and retail outlets. The ongoing dispute has cast a shadow over its public image, with repeated protests creating unease among visitors and business owners operating within the complex.
Observers say the case highlights growing concerns around assured-return investment models in commercial real estate, where delays or defaults often lead to prolonged legal battles.
Investors Seek Swift Resolution
Protesting investors have demanded immediate release of pending payments, transparency in financial dealings, and accountability from the management. Some have also urged authorities to closely monitor similar commercial projects to prevent such disputes in the future.
Police said further action will depend on findings of the investigation, documentary evidence, and responses from the accused parties.
