Real Estate Developer in Delhi Receives ₹2 Crore Extortion Call, Case Filed
A real estate developer in Vasant Vihar, South Delhi, received a threatening extortion call demanding ₹2 crore. The police have filed a case and are investigating the matter.
Real EstateExtortionDelhiGoldy BrarProperty MarketReal EstateSep 01, 2024
The developer reported the incident to the police, and a case of extortion was filed. According to the police, the number used to send the threat has been traced to a location outside of India.
The initial probe suggests that the case may not be the handiwork of an imposter, and Brar is unlikely to have threatened the complainant. The police are investigating the matter and are trying to identify the person behind the threatening call.
This incident has raised concerns about the safety and security of real estate developers in Delhi. The police are taking the matter seriously and are working to prevent such incidents in the future.
In other news, the real estate market in India is witnessing significant growth. A new social media platform, Real Estate Talk, has been launched to bridge the gap between buyers, sellers, and service providers. The platform aims to revamp the property market by providing features like detailed profiles, direct communication, and targeted advertising options for estate agents.
Meanwhile, Kokapet in Hyderabad has emerged as one of the top real estate markets in India. The area has seen an 89% surge in residential prices over the past five years, fueled by high demand and significant new supply.
However, the real estate sector is not without its challenges. A forgery case has been filed against an IPS officer who led the probe into a ₹1,200-crore fraud. The FIR claims procedural mishandling and overreach during the investigation, raising concerns of misconduct and selective prosecution.
Frequently Asked Questions
Who made the extortion call to the real estate developer?
The caller claimed to be US-based gangster Goldy Brar.
How much money was demanded in the extortion call?
The caller demanded ₹2 crore as 'protection money'.
Where was the number used to send the threat traced to?
The number was traced to a location outside of India.
What is the name of the new social media platform launched for the real estate sector?
The platform is called Real Estate Talk.
Which area in Hyderabad has seen a significant surge in residential prices?
Kokapet in Hyderabad has seen an 89% surge in residential prices over the past five years.
Related News Articles
Indian Real Estate: Poised for Remarkable Growth in 2025
The Indian real estate market is on the cusp of significant growth in 2025, driven by technological advancements, innovative financing models, rising demand, and supportive government policies. Both residential and commercial segments are showing promisin
Big Asset's Strategic Developer Partnerships Unlock New Real Estate Investment Opportunities
Big Assets Infra, a leading real estate portfolio management company, is expanding its reach and credibility by forming strategic partnerships with top developers, opening up new avenues for investment.
Housing Prices Surge by 11% YoY in Top Eight Indian Cities
Real Estate - Housing prices in the top eight Indian cities continue to rise, marking an 11% increase year-over-year (YoY).
Sonipat's Real Estate Boom: The Rising Star of NCR
Sonipat, a district in the National Capital Region (NCR), is witnessing a remarkable transformation in its real estate market. With rapid development and surging property values, it is quickly outpacing other regions in the NCR.
Why ₹2 Crore Properties are Most Preferred in Mumbai's Real Estate Market?
This price range is highly attractive for both first-time buyers and those looking to upgrade, making it the most sought-after segment in Mumbai, the costliest residential market in India.
Real Estate Awaits RBI's Repo Rate Decision: A Crucial Moment for Housing and Economic Growth
Real estate contributes more than 7% to India's GDP. A well-calibrated repo rate policy can significantly boost housing sales and the overall economy...