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Pune Police Book Developer and Seven Others for Selling Mortgaged Flats in Dehu Road

Published: September 17, 2025 | Category: Real Estate Maharashtra
Pune Police Book Developer and Seven Others for Selling Mortgaged Flats in Dehu Road

Pune: The Dehu Road police have taken legal action against a developer from Malinagar in Dehu and seven others, charging them with duping eight home buyers of Rs 1.84 crore. The crime involved selling flats that were already mortgaged to a credit society.

One of the flat owners recently filed a complaint with the Dehu Road police against the developer and his partners. An officer from the Dehu Road police stated that the complainant and seven others purchased flats in the housing complex at Malinagar in Dehu between 2021 and 2023. The complainant discovered the fraud in May 2025 when other residents informed him that the developer had obtained a loan from a credit cooperative society by mortgaging 14 flats in the society and subsequently sold eight of these flats to the home buyers.

When the complainant verified the information with the credit cooperative society, he found that the developer and his partners had obtained a loan of Rs 2 crore by mortgaging these flats. The credit society officials also informed the complainant that the developer had not repaid the loan.

The officer explained that the housing scheme at Dehu is registered with the Maharashtra Real Estate Regulatory Authority (MahaRERA). According to the rules, it is mandatory for the developer to mention any loan on the property while registering it with MahaRERA. However, it was discovered that the developer did not mention the loan on the property while registering it with MahaRERA and uploaded false information on the website.

Despite repeated follow-ups, the developer and his partners did not respond, leading the complainant to approach the police. The police have registered the case under sections 406 (criminal breach of trust) and 420 (cheating) of the Indian Penal Code against eight people. The officer added that their investigations are ongoing.

This case highlights the importance of due diligence and transparency in the real estate sector, especially in the context of MahaRERA regulations. Home buyers are advised to verify all documents and seek legal advice before making any significant investments in property.

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Frequently Asked Questions

1. What is the main charge against the developer and his partners?
The main charge against the developer and his partners is duping eight home buyers of Rs 1.84 crore by selling flats that were already mortgaged to a credit society.
2. What sections of the Indian Penal Code are the accused charged under?
The accused are charged under sections 406 (criminal breach of trust) and 420 (cheating) of the Indian Penal Code.
3. What is the role of MahaRER
in this case? A: MahaRERA, or the Maharashtra Real Estate Regulatory Authority, is responsible for regulating the real estate sector in Maharashtra. The developer was required to mention the loan on the property while registering it with MahaRERA, which he failed to do.
4. How did the home buyers discover the fraud?
The home buyers discovered the fraud when other residents informed the complainant that the developer had obtained a loan from a credit cooperative society by mortgaging the flats and had not repaid the loan.
5. What advice is given to home buyers in the article?
Home buyers are advised to verify all documents and seek legal advice before making any significant investments in property to avoid falling victim to similar frauds.