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

Navi Mumbai Man Defrauded of Rs 1.47 Crore in Property Scam
Real Estate Mumbai:Thane, Aug 17 (PTI) Police have registered a case against a real estate company director and two others for allegedly cheating a man of Rs 1.47 crore after promising him six flats in Navi Mumbai a decade ago, officials said on Sunday.

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.

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