Navi Mumbai Man Defrauded of Rs 1.47 Crore in Property Scam
Police have registered a case against a real estate company director and two others for allegedly duping a man of Rs 1.47 crore in Navi Mumbai after promising him six flats. The victim, a 57-year-old transport firm owner, was cheated over a period of five years.
Property FraudReal EstateNavi MumbaiScamPoliceReal Estate MumbaiAug 17, 2025
The accused lured the 57-year-old transport firm owner from CBD Belapur in Navi Mumbai with the promises of multiple flats and collected the sum between June 2011 and January 2016, they said. The victim was assured that a formal Agreement for Sale would be executed and possession of flats would be handed over.
However, no flats were provided and the money was not returned, an official from CBD Belapur police station said. Based on the victim's complaint, the police on Friday registered a case against the real estate company director and two of his associates under the legal provisions for cheating, the official said.
The police have appealed to the people to remain cautious and verify documents thoroughly before committing to property purchases. PTI COR GK
This incident highlights the increasing prevalence of property fraud in Navi Mumbai and the importance of due diligence in real estate transactions. Property buyers are advised to verify the credibility of real estate developers, check the status of the project, and ensure all legal documents are in order before making any payments. It is crucial to seek legal advice and conduct thorough background checks to avoid falling victim to such scams.
Frequently Asked Questions
What is property fraud?
Property fraud involves deceptive practices by individuals or companies to illegally obtain property or money from potential buyers. This can include false promises, fake documents, and misrepresentation of property status.
How can I protect myself from property fraud?
To protect yourself from property fraud, always verify the credibility of the real estate developer, check the status of the project, ensure all legal documents are in order, and seek legal advice before making any payments.
What should I do if I suspect a property fraud?
If you suspect a property fraud, immediately report it to the local police and seek legal advice. Document all transactions and communications with the developer to support your case.
What are the legal provisions for cheating in property transactions?
In India, property fraud and cheating are covered under various sections of the Indian Penal Code (IPC), such as Section 420 (Cheating and dishonestly inducing delivery of property) and Section 468 (Forgery for purpose of cheating).
How can I verify the status of a property project?
You can verify the status of a property project by checking the registration of the project with the Real Estate Regulatory Authority (RERA) and reviewing the project's progress and documentation. Consulting with a legal expert can also provide additional insights.
Related News Articles
Mumbai's Sky-High Ambitions: Exploring the City's Love for Skyscrapers
As Mumbai continues to grow
Mumbai Records Third-Highest Surge in Luxury Housing Prices Globally
Mumbai's prime residential prices surge 11.5% year-on-year, ranking third globally, as India's economic growth drives demand in luxury housing market.
Affordable Housing Supply Dries Up as Builders Focus on Premium Projects
The latest data from JLL India reveals a 21% decline in affordable housing supply below Rs 50 lakh, while premium projects saw a significant surge in demand.
Priyanka Chopra's Real Estate Empire: A Peek into Her Investments
Priyanka Chopra Jonas is a keen investor in the real estate space, owning multiple properties in India and the US. Here's a look at her recent transactions.
Uber and Heads Up for Tails Expand Pet-Friendly Rides in Delhi and Mumbai
Uber has partnered with Heads Up for Tails to offer pet-friendly rides in Delhi and Mumbai, making travel more convenient and comfortable for pet owners.
Blackstone and Sattva-backed REIT Files Draft Papers for ₹7000 Cr IPO
A real estate investment trust (REIT) backed by asset manager Blackstone Group and Bengaluru developer Sattva Group has filed its draft papers with the Securities and Exchange Board of India (SEBI) for a ₹7000 crore initial public offering (IPO).