Mumbai Real Estate Scam: 52-Year-Old Parel Man Duped of ₹15 Lakh
The Rafi Ahmed Kidwai (RAK) Marg police have registered a case against a real estate agent for defrauding a 52-year-old man of ₹15 lakh in a Bombay Dyeing MHADA flat deal.
MumbaiReal EstateFraudRak Marg PoliceProperty ScamReal Estate MumbaiNov 06, 2025
According to the FIR, Gandhi, a resident of Jerbai Wadiya Road, Parel, runs a general store and was seeking 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, avoiding 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 investigating the matter.
Frequently Asked Questions
What happened in the real estate scam in Mumbai?
A 52-year-old man from Parel, Ramesh Vishnu Gandhi, was defrauded of ₹15 lakh by Dattaram Vishnu Khade, the owner of Shrinath Real Estate, in a scam involving the sale of a flat at the Bombay Dyeing MHADA Complex.
Who is the accused in this fraud case?
The accused is Dattaram Vishnu Khade, the owner of Shrinath Real Estate in Bhoiwada.
How much money was the victim defrauded of?
The victim, Ramesh Vishnu Gandhi, was defrauded of ₹15 lakh.
What was the total agreed price for the flat?
The total agreed price for the flat was ₹36 lakh.
What action has the police taken so far?
The RAK Marg police have registered a case under Section 409 of the Indian Penal Code and are investigating the matter.
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