Elderly Man Loses ₹2.43 Crore in Mumbai Flat Fraud: Developers and Agent Booked
A 64-year-old man was duped of ₹2.43 crore by developers and a real estate agent in a flat fraud case in Kandivali, Mumbai.
MumbaiFlat FraudReal EstateKandivaliShree Jee DevelopersReal Estate NewsJul 16, 2024
Shah, a resident of Dahisar East and a real estate businessman, came in contact with real estate agent Sunil Bafana through his business activities. In 2019, Bafana introduced Shah to the Mehtas, partners of Shree Jee Developers, whose office is located in JVPD Scheme, Vile Parle West. The Mehtas informed Shah that their Park View project, under the slum redevelopment scheme, was underway and sought funds for its completion. They assured Shah that the project, located in an upscale area, would yield good profits.
Shah was convinced and paid ₹2.43 crore, including registration, stamp duty, parking fees, and Bafana's commission, partly through cheque and cash. However, in 2022, Shah discovered that Shree Jee Developers had sold the project to Ruparel Realty Developers without informing him. The agreement between Shree Jee and Ruparel Realty did not mention Shah's flats. Despite requests for a refund, the developers failed to return his money.
Information
Shree Jee Developers is a renowned real estate development company in Mumbai, known for its residential and commercial projects.
Kandivali police station has filed a case against Shree Jee Developers' Kirti Mehta, Mona Mehta, and real estate agent Sunil Bafana for allegedly defrauding Shah of ₹2.43 crore.
The case was filed on July 15 under sections 316 (2) (criminal breach of trust), 318 (4) (cheating), and 3 (5) (general explanation) of the Bharatiya Nyaya Sanhita.
Frequently Asked Questions
How much did the victim lose in the flat fraud case?
The victim, Narendra Shah, lost ₹2.43 crore in the flat fraud case.
Who are the accused in the case?
The accused in the case are Shree Jee Developers' Kirti Mehta, Mona Mehta, and real estate agent Sunil Bafana.
Where is the Park View project located?
The Park View project is located in Kandivali West, Mumbai.
What was the project's slum redevelopment scheme?
The Park View project was under the slum redevelopment scheme.
When was the case filed?
The case was filed on July 15.
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