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
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
October Sees 29% Rise in Mumbai Property Registrations, Festivals Drive Surge
This October, property registrations in Mumbai witnessed a significant surge, crossing 12,500 units, thanks to the Dussehra and Diwali festivals. Anarock reports a 29% increase from the previous year.
Exit Polls Predict Strong NDA Performance in Maharashtra and Jharkhand
Voting in Maharashtra and Jharkhand has concluded, and exit polls suggest a tight race between the NDA and the opposition in these key states.
How Real Estate Development Drives Socio-Economic Growth
Sh. Kuldip Narayan, IAS, Joint Secretary & Mission Director (Housing for All), Ministry of Housing & Urban Affairs, highlights the significant role of real estate in socioeconomic development and the government's efforts to ensure housing for all.
Blackstone to Increase Stake in Kolte-Patil Developers for ₹1166 Crore, Sale Triggers Open Offer
New York-based investment giant Blackstone Inc. is set to acquire a 40% stake in Indian real estate developer Kolte-Patil Developers Limited for a significant sum of ₹1166 crore. This strategic move is expected to trigger an open offer, underlining the co
Odisha Court Mandates Rs 450 Crore Disbursement to Investors of Rose Valley Scam
The High Court of Odisha has directed the disbursement of Rs 450 crore to the investors affected by the Rose Valley group scam. This landmark decision is a significant step towards justice for thousands of aggrieved investors who have been waiting for yea
AccuSpace Expands in Delhi-NCR with 30,000 Sq. Ft. Grade A Office Space Acquisition
AccuSpace, a leading player in the real estate leasing sector, has significantly bolstered its presence in the Delhi-NCR region by acquiring 30,000 square feet of Grade A office space on NH8. This strategic move underscores the company’s commitment to exp