Protection Racket Hits Delhi Real Estate: Businessman Asked to Pay Rs 2 Crore

A Delhi-based real estate businessman has been allegedly asked to pay Rs 2 crore as protection money by a person claiming to be from the Delhi underworld.

Real EstateDelhi NewsProtection MoneyExtortionBlackmailingReal Estate NewsJun 04, 2024

Protection Racket Hits Delhi Real Estate: Businessman Asked to Pay Rs 2 Crore
Real Estate News:A recent incident has sent shockwaves through the Delhi real estate industry. A businessman from Paschim Vihar has been allegedly asked to pay Rs 2 crore as protection money by a person claiming to be from the Delhi underworld. This incident has raised concerns about the safety and security of businessmen operating in the national capital.

According to sources, the businessman had been receiving threatening calls and messages from the accused, who claimed to be from the notorious underworld. The accused allegedly demanded Rs 2 crore as protection money and threatened to harm the businessman and his family if the demand was not met.

The Delhi Police have launched an investigation into the matter and are trying to trace the accused. The police are also reviewing the security arrangements in place for businessmen in the city.

This incident has raised questions about the efficiency of the law and order situation in Delhi. The real estate industry is a significant contributor to the city's economy, and such incidents can have a negative impact on investor confidence.

In recent years, there have been several instances of extortion and blackmailing in the real estate industry in Delhi. This has led to demands for better security arrangements and more effective policing to protect the interests of businessmen.

The real estate industry in Delhi is a significant sector that contributes to the city's economy. However, the industry has been plagued by issues of extortion, blackmailing, and threats from the underworld.

The Delhi Police is the law enforcement agency responsible for maintaining law and order in the national capital. The agency has been working to improve the security arrangements in the city and to prevent instances of extortion and blackmailing.

Frequently Asked Questions

How much protection money was the businessman asked to pay?

The businessman was asked to pay Rs 2 crore as protection money.

Who is the accused in this case?

The accused is a person claiming to be from the Delhi underworld.

What is the Delhi Police doing to address the issue?

The Delhi Police have launched an investigation into the matter and are trying to trace the accused.

Why is this incident significant?

This incident is significant because it raises concerns about the safety and security of businessmen operating in Delhi.

What is the impact of such incidents on the real estate industry?

Such incidents can have a negative impact on investor confidence in the real estate industry.

Related News Articles

Revolutionizing Real Estate: The Power of Generative AI in Personalized Experiences
Real Estate

Revolutionizing Real Estate: The Power of Generative AI in Personalized Experiences

Generative AI is transforming the real estate industry by enabling personalized experiences for customers, from marketing to customer service.

June 14, 2024
Read Article
NBCC Targets ₹1 Lakh Crore Order Book Growth Amid Strong Market Performance
Real Estate Mumbai

NBCC Targets ₹1 Lakh Crore Order Book Growth Amid Strong Market Performance

The National Building Construction Corporation (NBCC) is eyeing a significant expansion of its order book to ₹1 lakh crore, driven by robust growth in the real estate and infrastructure sectors. The company is leveraging its strong market position and str

December 15, 2024
Read Article
Bhopal: 52 Kg Gold, ₹10 Crore Cash Seized from Abandoned Car: Links to High-Profile Case Unveiled
Real Estate Maharashtra

Bhopal: 52 Kg Gold, ₹10 Crore Cash Seized from Abandoned Car: Links to High-Profile Case Unveiled

The Income Tax (IT) department has made a significant seizure of 52 kilograms of gold and ₹10 crore in cash from an abandoned car in Bhopal. The haul is believed to be linked to an ongoing high-profile case.

December 20, 2024
Read Article
Arkade Developers Secures 3 Major Redevelopment Projects in Mumbai
Real Estate Mumbai

Arkade Developers Secures 3 Major Redevelopment Projects in Mumbai

Arkade Developers, a prominent name in the real estate industry, has recently bagged three significant redevelopment projects in Mumbai, specifically in the Western suburbs. These projects, located in Santacruz West, are expected to bring a new wave of mo

January 6, 2025
Read Article
Cushman & Wakefield Welcomes Moinuddin Patel as Managing Director for Pune
Real Estate Pune

Cushman & Wakefield Welcomes Moinuddin Patel as Managing Director for Pune

Cushman & Wakefield, a leading global real estate services firm, has appointed Moinuddin Patel as the Managing Director for their Pune operations. With over 20 years of experience in the real estate sector, Moinuddin will be responsible for driving the fi

January 10, 2025
Read Article
Pune and Thane Residents Benefit from New Property Registration Flexibility
Real Estate Mumbai

Pune and Thane Residents Benefit from New Property Registration Flexibility

A new rule now allows residents of Pune and Thane to register their property documents at any sub-registrar office within their respective districts, a move that has already seen positive results in Mumbai.

March 18, 2025
Read Article