Mumbai Police Nab Husband of IPS Officer in Multi-Crore Real Estate Fraud
The Economic Offences Wing (EOW) of Mumbai police has arrested Purushottam Chavan, the husband of an IPS officer, in connection with a massive real estate fraud. Chavan and his accomplices duped 19 victims of Rs 24.78 crores by offering flats at throwaway prices under the pretext of government quotas.
Real Estate FraudMumbai PolicePurushottam ChavanEconomic Offences WingGovernment Quota FlatsReal Estate NewsMay 21, 2025
The Mumbai EOW took Chavan's custody from Arthur Road jail. He was produced before the 37th Metropolitan Magistrate court and was remanded to police custody until May 26. While seeking his custody, police stated that they wanted to recover the fraud amount and also interrogate him to determine how he managed to procure 20 government stamps and whether any government officials helped him.
According to the FIR registered at Colaba police station on Thursday, complainant Kedar Degvekar, a businessman from Sion, said he was introduced to Purushottam in 2019 through common acquaintances. In January 2020, Degvekar was offered a 3 BHK flat at the luxury ‘25 South’ project in Prabhadevi for ₹3.5 crore, while the market price was estimated at ₹7-7.5 crore. He was instructed to submit official-looking forms from the Urban Development Department and transfer all payments directly to Chavan’s accounts. Between January 2020 and March 2024, Degvekar transferred ₹3.37 crore to Chavan, believing he was securing a legitimate government quota flat.
In July 2020, Chavan called Degvekar to his residence above Colaba Police Station and had him sign a fake ‘Agreement for Sale’ in the presence of supposed officials. In September 2020, Degvekar was taken to the Thane Sub-Registrar’s office, where he underwent biometric registration, believing it was an official property registration. In March 2021, he was handed photocopies of registration documents, supposedly stamped by government housing officials.
The victim realised he was scammed only after the ED arrested Chavan last year. The Enforcement Directorate (ED) arrested Purushottam Chavan in connection with a ₹263 crore Income Tax TDS scam. During searches, the ED found fake property sale documents and alerted the Economic Offences Wing (EOW). The EOW, which has taken over the probe, found that Chavan and his associates fabricated government quota property documents to defraud multiple victims. During the preliminary investigation, it appears that Chavan and his associates allegedly duped at least 19 victims by promising them government quota flats in premium locations like Prabhadevi, Parel, Thane, and Dadar. The accused group allegedly prepared forged documents, including fake registration papers for flats purportedly processed at the Joint Sub-Registrar’s Office in Thane-5, Parel-Sewri area. These documents were presented to the victims as genuine, along with fabricated photocopies and photographs, to support their claims.
The other accused named in the FIR include Prasad Desai, Sanjay Patil, Ganesh Patil, Deepak More, ND Nirmale, Govind Sawant, Shashank Limaye, and Yashwant Pawar, among others. All are believed to have played supporting roles in the fraud.
Frequently Asked Questions
What was the main fraud scheme in the real estate scam?
Purushottam Chavan and his accomplices offered flats at throwaway prices under the pretext of government quotas, duping 19 victims of Rs 24.78 crores.
Who is Purushottam Chavan and what is his background?
Purushottam Chavan is the husband of an IPS officer. He was involved in a massive real estate fraud and was arrested by the Mumbai police's Economic Offences Wing (EOW).
How did the victims realize they were scammed?
The victims realized they were scammed after the Enforcement Directorate (ED) arrested Chavan in connection with a ₹263 crore Income Tax TDS scam and found fake property sale documents.
What actions did the Mumbai police take after the arrest?
The Mumbai police took Chavan into custody from Arthur Road jail, produced him before the 37th Metropolitan Magistrate court, and sought his remand to police custody until May 26.
Who are the other accused in the case?
The other accused named in the FIR include Prasad Desai, Sanjay Patil, Ganesh Patil, Deepak More, ND Nirmale, Govind Sawant, Shashank Limaye, and Yashwant Pawar, among others.
Related News Articles
Pune's Pimpri Chinchwad Municipal Corporation to Unveil Smart City Plan on August 20
PCMC's smart city plan aims to transform Pimpri Chinchwad into a sustainable and livable city, with a focus on efficient governance, transportation, and civic amenities.
China's Housing Rescue Plan Fails to Reinvigorate Market Sentiment
China's recent housing market rescue plan has not succeeded in lifting investor sentiment, leading to a retreat in property shares as investors demand more robust policies.
MP Proposes Mumbai Slum Rehabilitation for New Airport Runway
Mumbai North West MP Ravindra Waikar has urged the central government to rehabilitate the extensive slums surrounding Mumbai International Airport to construct an additional runway and address growing air traffic challenges.
Signature Global Secures Rs 567 Crore Contracts for Housing Project in Gurugram
Signature Global, a prominent real estate developer, has secured contracts worth Rs 567 crore for the construction of a new housing project in Gurugram. The company has been actively acquiring land to meet the growing demand in the market.
Newlake Capital at Sidoti Conference: Insights into Cannabis Real Estate
Anthony Coniglio, the President, CEO, and Founder of Newlake Capital, provided a comprehensive overview of the company's strategic role in the cannabis real estate market during the Sidoti Conference.
Q1 2025: Housing Supply in India’s Major Cities Plummets by 34%
The housing supply in India's top cities fell by 34% in the first quarter of 2025, with Bengaluru being the sole exception. The city saw a 17% increase in new housing units, rising to 20,227 from 17,303 in Q1 2024.