Mumbai Police Bust ₹1.85 Crore Theft Ring, Recover ₹1.55 Crore
The VP Road police in Mumbai have apprehended two suspects involved in the theft of Rs1.85 crore from a real estate broker and courier office in Bhoiwada, Girgaon. The police were able to recover a significant amount of Rs1.55 crore.
MumbaiTheftReal EstatePoliceArrestReal Estate NewsMar 02, 2025
The theft, which took place at a real estate broker's office and a courier office in Bhoiwada, Girgaon, involved a sum of Rs1.85 crore.
The police managed to recover Rs1.55 crore, a substantial amount that will help in the ongoing investigation.
The arrest was made following a series of meticulous investigations and surveillance operations.
The police received a complaint from the victim, a real estate broker, who reported the theft of a significant amount of money from his office.
The broker had kept the money in a secure location, but the thieves managed to bypass security measures and make off with the cash.
According to the police, the suspects, both local residents, had been under surveillance for several days.
They were seen entering and exiting the area around the time of the theft, which raised suspicions.
The police conducted raids at their residences and recovered a significant portion of the stolen money.
The suspects have been taken into custody and are currently being interrogated to uncover more details about the crime.
The police also revealed that the third suspect is on the run and is being actively pursued.
The authorities have issued a lookout notice and are urging the public to come forward with any information that could lead to his arrest.
The police are confident that with the cooperation of the community, they will be able to bring the remaining suspect to justice.
In a statement, the VP Road police commissioner expressed satisfaction with the progress of the investigation.
'We are committed to ensuring the safety and security of our city.
The swift action taken by our officers and the recovery of a significant portion of the stolen funds demonstrate our dedication to solving crimes and bringing criminals to justice,' he said.
The real estate industry in Mumbai is a thriving sector, but it is not immune to criminal activities.
This incident has highlighted the need for enhanced security measures in offices and businesses.
Experts recommend that companies implement more robust security protocols, including surveillance cameras, alarm systems, and secure storage for valuable items.
The recovery of the stolen funds will provide some relief to the victim, but the investigation is ongoing.
The police are determined to trace the remaining amount and ensure that the perpetrators face the full extent of the law.
The public is advised to remain vigilant and report any suspicious activities to the authorities.
As the investigation continues, the police are calling on the community to stay informed and assist in any way possible.
The safety and security of the city are a shared responsibility, and the police are working tirelessly to maintain law and order.
Frequently Asked Questions
How much money was stolen in the theft?
The total amount stolen in the theft was Rs1.85 crore.
How much money was recovered by the police?
The police were able to recover Rs1.55 crore from the stolen amount.
Where did the theft take place?
The theft took place at a real estate broker's office and a courier office in Bhoiwada, Girgaon, Mumbai.
How many suspects have been arrested so far?
Two suspects have been arrested, and the third is still on the run.
What advice do experts give for preventing such thefts?
Experts recommend implementing robust security measures, including surveillance cameras, alarm systems, and secure storage for valuable items.
Related News Articles
What's Next for Real Estate? Expectations from the New Government
The real estate sector is hoping for a boost from the new government, with fine-tuning of RERA, industry status, and a relook at GST on under-construction homes topping the agenda.
Improving Response to Surveys from High-Income Groups: A Collaborative Effort
The Ministry of Statistics & Programme Implementation (MoSPI) recently organized a brainstorming session to improve response to surveys from high-income groups and gated societies.
Mahesh Jethmalani on Adani Case: No Allegation of Bribery in India
Senior lawyer and former Rajya Sabha MP Mahesh Jethmalani has strongly criticized the indictment against the Adani Group in the United States, stating that there is no allegation of bribery in India and the case is speculative and lacks evidence.
Analysts Bullish on HUDCO, Anant Raj, and Other Top Stocks for 2023
Analysts are optimistic about the future performance of HUDCO, Anant Raj, and other key stocks in the real estate and manufacturing sectors. The target price for HUDCO is set at Rs 900 to Rs 950 per share, expected to be achieved within the next 12-18 mon
Vishal Garg Shuts Down and Lays Off Better.com's Real Estate Unit
Vishal Garg, the founder and CEO of Better.com, has announced the shutdown of the company's real estate unit, leading to significant layoffs. This decision comes amidst a challenging period for the mortgage industry.
Mumbai Real Estate Market Shows Signs of Stability and Growth
The Mumbai real estate market is entering a phase of stability, a positive sign for developers, investors, and homebuyers alike. According to Prashant Sharma, President of NAREDCO Maharashtra, the market is showing promising signs of recovery and growth.