A Mumbai resident lost ₹10 lakh to a real estate scam after being promised a house in Chembur's Shell Colony. Four individuals, including a real estate agent, have been booked in connection with the case.
Mumbai Real Estate ScamShell ColonyChemburCheating CaseIndian Penal CodeReal EstateAug 18, 2024
The victim lost ₹10 lakh in the scam.
The main accused is a real estate agent, who is booked along with his wife and two others.
The accused have been booked under sections 420 (cheating) and 34 (common intention) of the Indian Penal Code.
The police have advised people to be cautious when dealing with real estate agents and to verify the authenticity of the property before making any payments.
Shell Colony has been prone to real estate scams in the past, and buyers are advised to exercise caution when purchasing property in the area.
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