Mumbai Real Estate Scam: 52-Year-Old Man Loses ₹15 Lakh in MHADA Flat Deal
The Rafi Ahmed Kidwai (RAK) Marg police have registered a case against a real estate agent who allegedly defrauded a 52-year-old man of ₹15 lakh in a Bombay Dyeing MHADA flat deal.
Real EstateFraudMumbaiMhadaPoliceReal Estate MaharashtraNov 06, 2025
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.
Frequently Asked Questions
What is the amount of money the victim was defrauded of?
The victim, Ramesh Vishnu Gandhi, was defrauded of ₹15 lakh.
Who is the accused in this real estate fraud case?
The accused is Dattaram Vishnu Khade, the owner of Shrinath Real Estate in Bhoiwada.
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.
What sections of the law has the accused been charged under?
The accused has been charged under Section 409 of the Indian Penal Code.
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.
Related News Articles
Managing Risks in Non-Performing Commercial Real Estate Assets: A Strategic Approach
Learn how to identify and mitigate risks associated with non-performing commercial real estate assets, ensuring sustainable income generation and value appreciation.
Reviving India's Architectural Heritage: A New Era in Real Estate
The blending of tradition and modernity in Indian real estate is not just about building homes but about crafting legacies that will stand the test of time.
Hrithik Roshan Leases Premium Office Space in Mumbai for Rs 5.62 Lakh Monthly
Hrithik Roshan has leased out his premium commercial property in Goregaon, Mumbai, for Rs 5,62,000 per month. Meanwhile, he is busy filming War 2, adding to his busy schedule.
Monthly House Rents Surge by 9-21% in 2024: Noida's Sector 150 Witnesses the Highest Hike
In 2024, rental prices in major Indian cities have seen a significant increase, with Noida's Sector 150 leading the surge. The rise in Mumbai's rental prices, particularly in the Chembur suburb, has also been notable, marking a shift in the real estate ma
Bombay High Court's Landmark Ruling on Natural Guardians and Joint Family Property
The Bombay High Court recently made a significant ruling that clarifies the rights and responsibilities of natural guardians in managing joint family property, particularly in situations involving inheritance and ownership disputes.
Priyanka Chopra Sells Her Luxurious Mumbai Apartments for Over Rs 13 Crore
Bollywood star Priyanka Chopra has offloaded her luxurious apartments in Mumbai's prestigious Lokhandwala Complex for a staggering Rs 13 crore. The sale has raised eyebrows in the real estate market, highlighting the value of celebrity-owned properties in