Sanjay Singhal, co-owner of the Charms India Group, shot himself dead last night.
A Ghaziabad-based real estate developer, Sanjay Singhal, shot himself dead at his residence in Kavinagar last night. Singhal was the co-owner of Charms India Group, which owns various projects in Ghaziabad.
Police said Singhal had used his licensed revolver, which has now been seized. His wife and younger son were present in the house at the time of the incident.
According to the police, last night Singhal had returned home around 11.30 pm, along with his driver Ghanshyam. He then went to his room, bolted the door and shot himself.
Hearing the sound of the gunshot, his family broke open the door and found him lying in a pool of blood. He was rushed to Sarvodaya Hospital, where doctors declared him brought dead. The body has been sent for post mortem.
The police has not yet established the reason behind the suicide yet. However, his Facebook account shows that he had shared a post - an online petition - about the suicide of a Maharashtra-based real estate developer. The developer mentioned in the post, Suraj Parmar, had similarly shot himself dead in October 2015, citing the complex process of government approvals in the real estate sector as the reason. He had also left behind a note alleging harassment by politicians and officials.
SSP Hari Narayan Singh said, “We have not found any suicide note yet and the matter is being investigated. The reason behind the suicide can only be affirmed after the investigation is complete.”
Buyers of Charms Castle, one of the upcoming residential projects by Charms India Group, say they now expect a slight delay in the ongoing possession and handover process. They also feel that the pace of work in one of the under-construction towers of the society may slow down. The company has already completed one of its projects, Charma Solitaire, in Indirapuram a few years back.