Real Estate Developer Arrested for Multi-Crore Fraud in Mumbai's SRA Scam
Jitendra Brahmbhatt, owner of M/s Sahajanand Enterprises real estate company, has been booked for allegedly cheating 69 individuals out of over ₹13.05 crores in an SRA scam.
Sra ScamReal Estate FraudMumbaiAmboli PoliceSlum Rehabilitation AuthorityReal Estate MumbaiJul 19, 2024
According to the police report, a 48-year-old businessman, Amjad Arbani, filed a complaint against Brahmbhatt, leading to his arrest. Arbani's father, Adamabdul Arbani, 82, had been searching for a flat in 2007 when he was introduced to Brahmbhatt through an agent. Brahmbhatt assured him that his new project on Veera Desai Road, Andheri West, would be completed within three years.
Adamabdul Arbani paid ₹67.50 lakhs for two flats, but despite receiving allotment letters, the project never took off. The slum was eventually demolished, and construction started, but the complainant discovered that Brahmbhatt had partnered with Transcon Developers, and not M/s Sahajanand Enterprises.
Arbani and his father repeatedly asked Brahmbhatt about the status of the project, but he evaded their questions. It was later revealed that Brahmbhatt had taken money from 68 individuals, collecting more than ₹13.05 crores in total, without providing any flats or refunding their money.
The Amboli police have registered a case against Brahmbhatt under sections 406 (breach of trust), 409 (criminal breach of trust), and 420 (cheating and dishonesty) of the Indian Penal Code, along with relevant sections of the Maharashtra Ownership Flats Act.
Information The Slum Rehabilitation Authority (SRA) scheme was introduced to provide housing to slum dwellers in Mumbai. However, the scheme has been marred by corruption and fraud, with several developers taking advantage of innocent people.
M/s Sahajanand Enterprises is a real estate company based in Goregaon West, Mumbai. Transcon Developers is a separate real estate company that partnered with Brahmbhatt for the SRA project.
Frequently Asked Questions
What is the SRA scheme?
The SRA scheme is a government initiative to provide housing to slum dwellers in Mumbai.
How many people were cheated by Jitendra Brahmbhatt?
69 individuals were allegedly cheated by Brahmbhatt.
How much money was collected by Brahmbhatt?
Brahmbhatt collected more than ₹13.05 crores from the 69 individuals.
What charges were filed against Brahmbhatt?
Brahmbhatt was booked under sections 406, 409, and 420 of the Indian Penal Code, along with relevant sections of the Maharashtra Ownership Flats Act.
What is the status of the SRA project?
The project was never completed, and the slum was eventually demolished, with construction starting under a new partnership with Transcon Developers.
Related News Articles
Rajasthan's Entrepreneurs in Mumbai: Driving the State's Industrial Growth
Mofatraj Munot, a prominent entrepreneur from Rajasthan, founded the Kalpataru Group, a leading player in the real estate sector, in Mumbai. His contributions and those of other Rajasthan-born industrialists have significantly boosted the state's economic
Priyanka Chopra's Real Estate Empire: A Peek into Her Investments
Priyanka Chopra Jonas is a keen investor in the real estate space, owning multiple properties in India and the US. Here's a look at her recent transactions.
The Evolution of Mumbai: From Chawls to Gated Towers
A recent study showed that Mumbai has witnessed a surge in home sales despite the soaring prices. This trend is likely to stay, but how is it impacting Mumbai's old chawl culture?
Third Special Camp to Issue Real Estate Clearance Certificates Soon: Minister Mundian
The government is set to organize a third special camp dedicated to issuing clearance certificates for the real estate sector. Minister Mundian announced this development, emphasizing the importance of streamlined processes to boost the real estate market
Indian Real Estate Sees Record Low Inventory Overhang Amidst Robust Sales
The Mumbai Metropolitan Region (MMR) and Pune markets have higher unsold stock due to increased new launches by developers in response to rising demand.
1 BHK in Mumbai or House in the US? Redditor's Real Estate Dilemma
A Redditor is facing a tough decision between buying a 1 BHK apartment in Mumbai or a house in the United States. The user's post has sparked a heated debate, with many weighing in on the pros and cons of each option. Adding to the stress, the user claims