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Mumbai Real Estate Scam: 52-Year-Old Man Loses ₹15 Lakh in MHADA Flat Deal

Published: November 06, 2025 | Category: Real Estate Maharashtra
Mumbai Real Estate Scam: 52-Year-Old Man Loses ₹15 Lakh in MHADA Flat Deal

The Rafi Ahmed Kidwai (RAK) Marg police in Mumbai have registered a case against Dattaram Vishnu Khade, the owner of Shrinath Real Estate in Bhoiwada, for allegedly defrauding 52-year-old Ramesh Vishnu Gandhi of ₹15 lakh. The alleged fraud involved a flat deal at the Bombay Dyeing MHADA Complex.

According to the FIR, Gandhi, a resident of Jerbai Wadiya Road, Parel, runs a general store and was looking for a larger home for his family. In July 2023, his acquaintance, Madhukar Jagannath Marle, introduced him to Khade. Gandhi then met Khade at his office in Dabholkarwadi SRA Colony, Bhoiwada, where Khade offered him a flat in Room No. 601, Building No. 4(D), Bombay Dyeing MHADA Complex, G.D. Ambekar Road, Naigaon, for ₹36 lakh.

A mutual agreement for the flat was made on September 1, 2023. As per the agreement, Gandhi was to pay: ₹7 lakh via RTGS as an earnest amount, ₹3 lakh via RTGS in the second stage, ₹10 lakh via demand draft in the third stage, ₹10 lakh to MHADA for charges and expenses, and the remaining ₹6 lakh upon receiving the flat keys.

By November 14, 2023, Gandhi had paid a total of ₹15 lakh. Khade assured him that possession of the flat would be given within two months. However, despite repeated follow-ups, Khade failed to hand over the flat, avoided calls, and eventually closed his office and went missing.

Gandhi, along with Marle, traced Khade to a house in Priyadarshini Slum, Ramabai Nagar, Ghatkopar East, using the address on his Aadhaar card, but the property was found locked.

Confirming the fraud, Gandhi lodged a complaint with the RAK Marg police, who registered a case under Section 409 of the Indian Penal Code. The police are currently investigating the matter and are working to locate Khade.

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Frequently Asked Questions

1. What is the amount of money the victim was defrauded of?
The victim, Ramesh Vishnu Gandhi, was defrauded of ₹15 lakh.
2. Who is the accused in this real estate fraud case?
The accused is Dattaram Vishnu Khade, the owner of Shrinath Real Estate in Bhoiwada.
3. Where is the flat that was part of the fraudulent deal located?
The flat is located in Room No. 601, Building No. 4(D), Bombay Dyeing MHADA Complex, G.D. Ambekar Road, Naigaon.
4. What sections of the law has the accused been charged under?
The accused has been charged under Section 409 of the Indian Penal Code.
5. What steps did the victim take after realizing he was defrauded?
The victim, Gandhi, traced the accused to a house in Priyadarshini Slum, Ramabai Nagar, Ghatkopar East, and then lodged a complaint with the RAK Marg police.