Real Estate Broker in Chennai Arrested for Defrauding 46 People of Rs 3 Crore
The Central Crime Branch (CCB) of Chennai has arrested a real estate broker, Nigamath Nisha, for cheating over 46 individuals of nearly Rs 3 crore through fraudulent lease agreements.
Real Estate FraudChennaiCentral Crime BranchJune HomesNigamath NishaReal EstateJul 05, 2025
Nisha was arrested based on a complaint from S Tharuman, a resident of Neelankarai. Tharuman alleged that he had contacted June Homes to find a house for rent in the area. Nisha informed him that the ground floor of a house where she lived was vacant and negotiated a contract amount of Rs 7 lakh. They signed the lease agreement, but when Tharuman inquired about moving into the house, Nisha kept dodging him. When he asked for his money back, she offered a rented house in another part of Neelankarai. Tharuman requested to cancel the initial lease agreement and return his money, but Nisha disappeared, turning off her phone and going into hiding. Tharuman then filed a complaint with the police.
Investigations by the CCB revealed that Nisha had used the same fraudulent modus operandi to cheat up to 46 people. The police arrested Nisha, produced her before a magistrate, and she was remanded in judicial custody. This case highlights the importance of due diligence and caution when dealing with real estate transactions, especially in a bustling city like Chennai where such scams can be prevalent.
Real estate fraud is a serious issue that can have devastating financial and emotional impacts on victims. Nisha's arrest sends a strong message to other potential fraudsters that the authorities are vigilant and will take stringent action to protect the public. It also underscores the need for stringent regulations and oversight in the real estate industry to prevent such fraudulent activities from occurring in the first place.
For individuals looking to rent or buy property, it is crucial to verify the credentials of the real estate agent or firm they are dealing with. Conducting background checks, seeking references, and ensuring that all agreements are legally binding and transparent can help prevent falling victim to such scams. The CCB and other law enforcement agencies are working tirelessly to combat real estate fraud and ensure the safety and security of the public.
Frequently Asked Questions
Who was arrested for real estate fraud in Chennai?
Nigamath Nisha, a 52-year-old real estate broker running a firm named June Homes in Neelankarai, was arrested for defrauding over 46 people of nearly Rs 3 crore.
What was the modus operandi of the real estate fraud?
Nisha would offer vacant properties for rent, collect large sums of money, and then avoid fulfilling the lease agreements or return the money, often disappearing and going into hiding.
How many people were defrauded by Nigamath Nisha?
Nisha defrauded up to 46 people, according to the investigations by the Central Crime Branch (CCB) of Chennai.
What steps can individuals take to avoid real estate fraud?
Individuals can avoid real estate fraud by verifying the credentials of the real estate agent or firm, conducting background checks, seeking references, and ensuring that all agreements are legally binding and transparent.
What is the role of the Central Crime Branch (CCB) in this case?
The Central Crime Branch (CCB) of Chennai investigated the fraud, arrested Nisha, produced her before a magistrate, and secured her remand in judicial custody to ensure justice for the victims.
Related News Articles
MahaRERA Recovers Rs 200 Crore for Homebuyers from Real Estate Developers
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has successfully recovered over Rs 200 crore from real estate developers to compensate homebuyers for their losses. The efforts include issuing warrants and appointing retired officials to ensure
Aditya Birla Real Estate Expands with ₹104.3 Crore Land Acquisition in Boisar, Maharashtra
Aditya Birla Real Estate has made a significant move by acquiring a large plot of land in Boisar, Maharashtra, for ₹104.3 crore. This strategic acquisition is a key step in the company's ambitious real estate growth plans.
Budget 2025 Proposals: Boosting Home Loan Deductions and Real Estate Development
The Union Budget 2025 is expected to introduce significant reforms in home loan deductions and real estate development. These changes aim to make homeownership more accessible, boost affordable housing, and stimulate overall growth in the sector.
NAREDCO Empowers Young Real Estate Developers with Expert Insights
Veterans emphasize the importance of continuous learning, collaboration, and innovative practices in shaping the future of the real estate sector.
Brookfield India Real Estate Trust: Share Price and Market Performance on 21 Mar 2025
Brookfield India Real Estate Trust, a prominent player in the Indian real estate market, saw significant movements in its share price on 21 Mar 2025. This article provides a detailed analysis of the company's performance and the factors influencing its sh
Bengaluru's Luxury Real Estate Market: A Booming Hub for High-End Homes
Bengaluru has seen a significant surge in the sales of luxury homes priced at ₹10 crore and above, accounting for 42% of such sales over the past four years, according to a report by India Sotheby's International Realty and CRE.