Navi Mumbai Police Uncover ₹66.75 Lakh Land Deal Fraud, Four Arrested

Four individuals have been accused of cheating a 35-year-old real estate developer out of ₹66.75 lakh in a land deal in Navi Mumbai.

Navi MumbaiReal EstateLand DealFraudCidcoReal Estate MumbaiJul 14, 2024

Navi Mumbai Police Uncover ₹66.75 Lakh Land Deal Fraud, Four Arrested
Real Estate Mumbai:In a recent development, the Navi Mumbai police have registered a First Information Report (FIR) against four individuals for allegedly cheating a 35-year-old real estate developer out of ₹66.75 lakh in a land deal. The accused, who have been identified and arrested, are said to have forged documents to show ownership of a plot in the Ulwe area of Navi Mumbai township. They also fabricated documents of various agreements and transfer orders of the City and Industrial Development Corporation (CIDCO) to gain the confidence of the victim, a resident of Sanpada.

The victim, who was duped out of ₹66.75 lakh in the land sale-purchase deal, reported the incident to the police, who launched an investigation into the matter. The police have registered an FIR against the four accused under relevant legal provisions for cheating, forgery, criminal breach of trust, and criminal conspiracy.

The offences took place between December 2021 and January 2023, and a probe is currently underway to uncover more details about the case. The Navi Mumbai police are determined to bring the culprits to justice and ensure that such fraudulent activities do not take place in the future.

Information
The City and Industrial Development Corporation (CIDCO) is a Indian government-owned company that is responsible for the development of Navi Mumbai. The corporation was established in 1970 and has been instrumental in the development of the city's infrastructure, including residential and commercial properties.

CIDCO (City and Industrial Development Corporation) is a government-owned company that is responsible for the development of Navi Mumbai. The corporation was established in 1970 and has been instrumental in the development of the city's infrastructure, including residential and commercial properties.

Frequently Asked Questions

What is the amount of money involved in the land deal fraud?

₹66.75 lakh

Where did the offences take place?

Ulwe area of Navi Mumbai township

What is CIDCO?

CIDCO is a government-owned company that is responsible for the development of Navi Mumbai.

When did the offences take place?

Between December 2021 and January 2023

How many people have been accused in the case?

Four individuals

Related News Articles

Jammu and Kashmir Witnesses Unprecedented Growth with Rs 81,000 Crore Investment Proposals
real estate news

Jammu and Kashmir Witnesses Unprecedented Growth with Rs 81,000 Crore Investment Proposals

The union territory of Jammu and Kashmir has received investment proposals worth Rs 81,000 crore, thanks to the introduction of the new industrial development scheme and the repeal of Article 370.

June 14, 2024
Read Article
Real Estate Extortion: MBMC Official Files Police Complaint Against Unidentified Threats
Real Estate Mumbai

Real Estate Extortion: MBMC Official Files Police Complaint Against Unidentified Threats

A senior official at Mira Bhayander Municipal Corporation has filed a police complaint against an unidentified person for making threats and demanding extortion money. The threats are believed to be related to the official's work in the encroachment divis

July 18, 2024
Read Article
Wedding Season Brings Cheer to Mall Operators: A Festive Sales Boost
real estate news

Wedding Season Brings Cheer to Mall Operators: A Festive Sales Boost

The wedding season has brought a welcome surge in sales for mall operators, boosting the real estate sector. Get the latest market coverage, business news, and real-time stock market updates.

October 1, 2024
Read Article
Mumbai Weather Today: City Sees Cold Morning with Mercury Dropping to 14°C; AQI Deteriorates
Real Estate Mumbai

Mumbai Weather Today: City Sees Cold Morning with Mercury Dropping to 14°C; AQI Deteriorates

Mumbai experienced a chilly morning today as the mercury dropped to 14°C, making it one of the coldest mornings this season. Additionally, the city's Air Quality Index (AQI) has worsened, raising concerns among residents and health officials.

December 17, 2024
Read Article
Key Trends Shaping the Indian Real Estate Market in 2024 and Beyond
real estate news

Key Trends Shaping the Indian Real Estate Market in 2024 and Beyond

The launch of premium and ultra-luxury projects in 2024 has been a defining moment for India's luxury housing market, marking a significant shift in market dynamics.

December 29, 2024
Read Article
Puravankara Launches Sustainable Masterpiece: Purva Atmosphere in Keshav Nagar, Pune
Real Estate Pune

Puravankara Launches Sustainable Masterpiece: Purva Atmosphere in Keshav Nagar, Pune

Pune, January 30, 2025: Puravankara Limited, a leading real estate developer in India, has unveiled its latest residential project, Purva Atmosphere, in Keshav Nagar, Pune. This 10-acre development, featuring 70% open spaces, combines sustainability and m

January 30, 2025
Read Article