The Economic Offences Wing (EOW) of the Mumbai Police has taken action against prominent real estate developers Ramesh Shah and his son Rahul for a significant fraud involving the failed Harbour Heights housing project in South Mumbai.
Mumbai PoliceReal Estate FraudEowRadius Sumer DevelopersHarbour HeightsReal Estate MumbaiMay 17, 2025
The Economic Offences Wing (EOW) of the Mumbai Police arrested Ramesh Shah (65) and his son Rahul (40) for a real estate fraud involving the Harbour Heights project in South Mumbai.
The developers allegedly defrauded investors of ₹35.7 crore in the failed Harbour Heights housing project.
The Mirani brothers were promised 18,181 square feet of carpet area at a rate of ₹28,875 per square foot, totaling ₹52.50 crore, in the Harbour Heights project.
The cancellation agreement was signed in April 2019, and the accused agreed to return ₹35.71 crore to the Mirani brothers, but the cheques issued bounced due to insufficient funds.
Apart from the Mirani brothers, 77 other individuals who had booked flats in the project were also duped.
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