Developer and Seven Others Booked for Selling Mortgaged Flats in Dehu Road, Pune
Pune: The Dehu Road police have taken legal action against a developer from Malinagar in Dehu and seven others. They are accused of duping eight home buyers of Rs 1.84 crore by selling flats that were already mortgaged to a credit society. One of the flat owners recently filed a complaint with the Dehu Road police against the developer and his partners.
The complainant and seven other individuals purchased flats in the housing complex at Malinagar in Dehu between 2021 and 2023. The complainant discovered the fraud in May 2025 when other residents informed him that the developer had obtained a loan from a credit cooperative society by mortgaging 14 flats in the society and subsequently sold eight of these flats to home buyers.
When the complainant verified the information with the credit cooperative society, he found that the developer and his partners had secured a loan of Rs 2 crore by mortgaging these flats. The credit society officials also informed the complainant that the developer had not repaid the loan.
An officer from the Dehu Road police stated, 'The scheme at Dehu is registered with the Maharashtra Real Estate Regulatory Authority (MahaRERA). According to the regulations, it is mandatory for the developer to mention the loan on the property while registering it with MahaRERA. It was found that the developer did not disclose the loan on the property while registering it with MahaRERA and uploaded false information on the website.'
Despite repeated follow-ups, the developer and his partners did not respond to the complainant's inquiries. Consequently, the complainant approached the police. 'We have registered the case under sections 406 (criminal breach of trust) and 420 (cheating) of the Indian Penal Code against eight individuals. Our investigations are ongoing,' the officer added.
