Elderly Man Robbed of Rs 50 Lakh at Knifepoint, Land Broker Arrested in Pune
A 76-year-old retired government servant was robbed of Rs 50 lakh at knifepoint by a real estate agent in Pune, but the police managed to apprehend the suspect within 12 hours and recover the stolen cash.
Real EstateLand BrokerPuneCrimeElderlyReal Estate MumbaiJul 24, 2024
According to the police, Kalwaghe threatened Dange at knifepoint and fled with a bag containing Rs 50 lakh cash, which was an advance payment for the land deal. The police launched an extensive manhunt and set up multiple roadblocks and checkpoints to catch the suspect. After a thrilling chase, the police apprehended Kalwaghe and recovered Rs 45 lakh cash from him. Two accomplices of Kalwaghe were also arrested, and the police are in the process of recovering the remaining cash.
The incident highlights the importance of being cautious while dealing with real estate agents and conducting land transactions. It also showcases the efficiency of the Pune rural police, who managed to solve the case within 12 hours and recover the stolen cash.
Pune is a city in the state of Maharashtra, India, known for its real estate market and growing economy. The city has witnessed a surge in land transactions in recent years, making it a hub for real estate agents and brokers. However, the incident highlights the need for caution and vigilance while dealing with real estate agents and conducting land transactions.
Pune Rural Police is the law enforcement agency responsible for maintaining law and order in the rural areas of Pune district. The agency is known for its efficient crime detection and solving capabilities.
Frequently Asked Questions
What was the amount of cash stolen from the elderly man?
Rs 50 lakh
Who was the suspect in the case?
Gajanan Kalwaghe, a real estate agent
How much cash was recovered from the suspect?
Rs 45 lakh
How long did it take the police to solve the case?
Within 12 hours
What was the mode of transportation used by the suspect to flee the scene?
An autorickshaw and later a hired car
Related News Articles
Realty Stock Surges After Board Nod for ₹6,000 Crore QIP Raising
The shares of a major real estate development company surged 1.4% following the board's approval to raise Rs. 6,000 Crore through a Qualified Institutional Placement (QIP).
Analyst Picks: Top Brokerage Calls on Hero MotoCorp, Zomato, and Real Estate
This week, we highlight three stocks that have caught the attention of analysts. From a leading motorcycle manufacturer to a popular food delivery platform, and a sector in real estate, here are the top brokerage calls.
Ananta by Avas Wellness: Transforming Alibaug's Luxury Real Estate Market
In an exclusive interview, Kilachand sheds light on the ambitious vision behind Ananta, a luxury real estate development that is set to redefine the realty landscape in Alibaug. Discover how this innovative project is poised to revolutionize the region's
India Sees 329 GCC Leasing Deals in 2024: Bengaluru, Hyderabad, Chennai Lead the Charge
Mumbai Stands 7th on Prime Global Cities Index Q4 2024, Reveals Knight Frank Report. The robust commercial real estate market in India continues to attract significant attention.
70% of Indian Women Now Prefer Residential Real Estate for Investment: Report
With growing independence and higher disposable incomes, women in India are increasingly entering the housing market as convinced investors, with 70% now preferring residential real estate over other investment options.
Ghaziabad NH24: The Emerging Real Estate Gem of NCR
Ghaziabad, situated on NH24, is rapidly transforming into a prime real estate hub in the National Capital Region (NCR), offering easy access to Delhi, Noida, and Greater Noida, along with a surge in demand for premium housing.