Mumbai Police Arrests IPS Officer's Husband in Multi-Crore Real Estate Scam

The Economic Offences Wing of Mumbai Police has arrested Purushottam Chavan, the husband of an IPS officer, in connection with a multi-crore real estate fraud. Chavan and his associates allegedly swindled Rs 24.78 crore from 19 individuals by promising flats at low prices using forged documents.

Real EstateFraudMumbaiEowArrestReal Estate MumbaiMay 20, 2025

Mumbai Police Arrests IPS Officer's Husband in Multi-Crore Real Estate Scam
Real Estate Mumbai:Ahmed Ali, Mumbai: The Economic Offences Wing (EOW) of the Mumbai Police made a significant arrest on Tuesday, detaining Purushottam Chavan (53), the husband of an IPS officer. Chavan, along with nine associates, is accused of defrauding 19 individuals of Rs 24.78 crore by promising them flats at unusually low prices.

The suspects allegedly used forged documents, including fake registration papers for flats, to deceive the victims. These documents were presented as genuine, along with fabricated photocopies and photographs, to support their claims. The meticulous planning and execution of the scam involved the production of fake government quota property documents, which were used to dupe multiple victims.

Chavan was initially arrested by the Enforcement Directorate (ED) in a separate Rs 263 crore tax deducted at source (TDS) scam. During searches, the ED discovered fake property sale documents and alerted the EOW. The EOW took charge of the investigation and uncovered the extent of the real estate fraud.

The EOW took Chavan's custody from Arthur Road jail, where he was lodged in the ED case. The arrest has shed light on the intricate network of fraud and the methods used by Chavan and his associates to swindle unsuspecting victims. The EOW is now focusing on recovering the lost funds and bringing all the perpetrators to justice.

This case highlights the growing concern of real estate fraud in Mumbai, where property prices are among the highest in the country. The police have urged the public to exercise caution and verify all documents thoroughly before making any property transactions. The arrest of Purushottam Chavan serves as a warning to others who might be involved in similar fraudulent activities.

Frequently Asked Questions

Who was arrested in the real estate scam?

Purushottam Chavan, the husband of an IPS officer, was arrested in the real estate scam.

How much money was allegedly swindled in the scam?

The accused allegedly swindled Rs 24.78 crore from 19 individuals.

What was the method used to deceive the victims?

The suspects used forged documents, including fake registration papers and government quota property documents, to deceive the victims.

Which agencies were involved in the investigation?

The Economic Offences Wing (EOW) of Mumbai Police and the Enforcement Directorate (ED) were involved in the investigation.

What is the public advised to do to avoid such scams?

The public is advised to exercise caution and verify all documents thoroughly before making any property transactions.

Related News Articles

Kuwait Cracks Down on Illegal Property Extensions After Deadly Fire
Real Estate

Kuwait Cracks Down on Illegal Property Extensions After Deadly Fire

Authorities in Kuwait have launched a crackdown on illegal property extensions following a devastating fire that killed 50 people, including 46 Indians.

June 15, 2024
Read Article
Government Mulls Indexation Benefit for Real Estate Transactions
real estate news

Government Mulls Indexation Benefit for Real Estate Transactions

The government is considering proposals to address concerns over the potential negative effects of the indexation removal on the real estate market.

July 31, 2024
Read Article
Mumbai Real Estate Market Sees Unprecedented Growth in July
Real Estate Mumbai

Mumbai Real Estate Market Sees Unprecedented Growth in July

The country's commercial capital witnesses a 19% increase in property registrations, with over 12,129 units registered in July, generating revenue worth over Rs 1,047 crore through stamp duty collection.

July 31, 2024
Read Article
Face of India 2024: Pune's Glitzy Fashion Gateway to Global Stardom
Real Estate Pune

Face of India 2024: Pune's Glitzy Fashion Gateway to Global Stardom

Face of India 2024, spearheaded by Badal Saboo, is reigniting Pune's fashion scene by blending high fashion with luxury real estate, opening new doors for Indian fashion on the global stage.

October 10, 2024
Read Article
Shapoorji Pallonji Real Estate and Kanodia Collaborate on 1.74-Acre Luxury Project
Real Estate Pune

Shapoorji Pallonji Real Estate and Kanodia Collaborate on 1.74-Acre Luxury Project

Shapoorji Pallonji Real Estate, a leading player in the Indian real estate market, has joined hands with Kanodia Developers to launch a high-end residential project spanning 1.74 acres. The project, set to be a benchmark in luxury living, will offer a ran

October 17, 2024
Read Article
Mahindra Lifespaces Unveils Mahindra IvyLush in Kharadi Annex, Pune
real estate news

Mahindra Lifespaces Unveils Mahindra IvyLush in Kharadi Annex, Pune

Pune, 30th December 2024: Mahindra Lifespace Developers Limited (MLDL), a leading real estate and infrastructure development company, has announced the launch of Mahindra IvyLush, a premium residential project in Kharadi Annex, Pune.

December 30, 2024
Read Article