Panvel Real Estate Scam: Lawyer Sells Same Flat Twice, Cheats Developer of ₹32 Lakh
A 43-year-old real estate developer in Panvel has been duped of ₹32 lakh by a local lawyer who sold the same flat twice using fake documents and concealed an outstanding home loan. The Kamothe Police have registered a case against the accused, Satish Sadashiv Phadke, and the investigation is ongoing.
Real Estate FraudPanvel ScamLawyer FraudProperty ScamFake DocumentsReal Estate NewsJul 09, 2025
According to police, the complainant, Vishal Ghogavkar (43), a resident of Aade village in Panvel and a real estate businessman, had entered into an agreement with Phadke in August 2020 to purchase Flat No. 204 in Umiya Kiran Society, Sector-21, Kamothe. Phadke allegedly assured Ghogavkar that the flat was loan-free and agreed to sell it for Rs 32 lakh.
After Ghogavkar paid the full amount, a registered agreement for sale was executed on October 14, 2020, and the possession of the flat was handed over. However, a few months later, Ghogavkar received a notice from ICICI Bank regarding outstanding dues on the flat.
Upon further inquiry, it came to light that Phadke had taken a home loan of Rs 38 lakh on the same flat, which he had failed to repay. The total outstanding amount had reached Rs 45 lakh, and the bank had taken possession of the property.
Ghogavkar also discovered that the documents, including the society’s No Objection Certificate and other related papers provided by Phadke, were forged.
The investigation further revealed that Phadke had previously sold the same flat in 2019 to a couple, Nisha and Virendrakumar Yadav, for Rs 12 lakh. Despite being aware of this prior sale and the existing loan, Phadke allegedly went ahead with the second transaction.
Initially, Phadke promised to return the Rs 32 lakh to Ghogavkar, but he failed to do so. Ghogavkar subsequently filed a complaint of cheating and forgery against the lawyer. Further investigation is underway, a police officer from Kamothe police station said.
Frequently Asked Questions
Who is the complainant in the Panvel real estate scam?
The complainant is Vishal Ghogavkar, a 43-year-old real estate developer from Aade village in Panvel.
How much money was the developer cheated of?
The developer was cheated of Rs 32 lakh.
Who is the accused in the case?
The accused is Satish Sadashiv Phadke, a local lawyer.
What did the lawyer do to cheat the developer?
The lawyer sold the same flat twice using fake documents and concealed an outstanding home loan of Rs 45 lakh.
What actions have the police taken?
The Kamothe Police have registered a case against the accused and are conducting an ongoing investigation.
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