Mumbai Police Book Real Estate Developer for Fraudulent Sale of Flats
The Mumbai police have registered an FIR against a real estate developer for allegedly not providing flats to homebuyers after receiving Rs 100 crore. The accused is accused of diverting funds for personal use and selling the same flat to multiple buyers.
Real Estate FraudMumbai PoliceHomebuyersSky 31Economic Offences WingReal Estate MumbaiNov 06, 2025
The complainant in the case is a 62-year-old chartered accountant, Anil Dron, who is a resident of Kandivali. Dron alleged that the accused diverted the funds to their personal and other bank accounts instead of using them for the housing project. This diversion of funds has left the homebuyers without their promised flats and in a state of financial distress.
In one particularly egregious instance, the developer allegedly sold the same flat to two different individuals, taking money from both and cheating them. The Economic Offences Wing (EOW) of the Mumbai police registered the FIR after a preliminary inquiry found that a prima facie case of cheating and criminal breach of trust had been made out.
The case is currently being investigated by Banking Unit–3, Cell 11 of the Economic Offences Wing. The FIR has been registered under Sections 420 (cheating), 406 (criminal breach of trust), and 34 (common intention) of the Indian Penal Code (IPC). The investigation is ongoing, and the authorities are working to trace the diverted funds and bring the accused to justice.
This case highlights the ongoing issues in the real estate sector, particularly in high-value projects where developers are accused of misusing funds and failing to deliver on their promises. Homebuyers are often left in a lurch, facing significant financial and emotional losses. The Mumbai police and the EOW are taking a firm stand to protect the rights of homebuyers and ensure that such fraudulent activities are dealt with strictly.
Frequently Asked Questions
What is the Sky 31 housing project?
The Sky 31 housing project is a high-end building in Wadala, Mumbai, where a real estate developer collected ₹100 crore from 102 homebuyers, promising them flats.
Who is the main accused in this case?
The main accused is Subbaraman Anand Vilaynur, a real estate developer, along with his wife Uma Subbaraman and B P Gangar Constructions.
What charges have been filed against the accused?
The accused have been charged under Sections 420 (cheating), 406 (criminal breach of trust), and 34 (common intention) of the Indian Penal Code (IPC).
How many homebuyers were cheated in this case?
A total of 102 homebuyers were cheated in this case, with the developer collecting ₹100 crore from them.
Which unit of the Economic Offences Wing is investigating this case?
The case is being investigated by Banking Unit–3, Cell 11 of the Economic Offences Wing.
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