Real Estate Tycoon Caught After 60-Km Police Chase: Here's the Whole Story

A dramatic 60-km police chase ended with the arrest of real estate tycoon Sanjeev Jain at Delhi's IGI Airport. Know the case that led to his dramatic arrest.

Real EstateSanjeev JainParsvnath DevelopersPolice ChaseNational Consumer Disputes Redressal CommissionReal Estate NewsAug 04, 2024

Real Estate Tycoon Caught After 60-Km Police Chase: Here's the Whole Story
Real Estate News:New Delhi In a scene straight out of a Bollywood film, a real estate tycoon was arrested at Indira Gandhi International (IGI) Airport after a 60-kilometre chase. The chase finally came to an end with the arrest of Sanjeev Jain, Managing Director and CEO of Parsvnath Developers Pvt. Ltd.

A Special Task Force (STF) team apprehended Jain, Delhi police said on Sunday. The arrest was made possible due to a non-bailable warrant issued against Jain by the Joint Registrar of National Consumer Disputes Redressal Commission (CDRC), Delhi, last month.

The warrant was based on a complaint filed against Jain by Rajat Babbar in 2017. Jain failed to appear before the commission despite the issuance of the warrant. Consequently, four non-bailable warrants and one bailable warrant from the National Commission were pending against Jain at Shahdara police station.

Following his arrest, Jain was presented before the National CDRC on August 4.

About Parsvnath Developers Pvt. Ltd. Parsvnath Developers Pvt. Ltd is a leading real estate company in India, known for its residential and commercial projects across the country.

Frequently Asked Questions

Who was arrested after a 60-km police chase?

Sanjeev Jain, Managing Director and CEO of Parsvnath Developers Pvt. Ltd was arrested after a 60-km police chase.

Why was Sanjeev Jain arrested?

Jain was arrested due to a non-bailable warrant issued against him by the Joint Registrar of National Consumer Disputes Redressal Commission (CDRC), Delhi, based on a complaint filed against him in 2017.

What is the name of the company Sanjeev Jain is associated with?

Sanjeev Jain is the Managing Director and CEO of Parsvnath Developers Pvt. Ltd.

Where was Sanjeev Jain presented after his arrest?

Jain was presented before the National CDRC on August 4 after his arrest.

What type of projects is Parsvnath Developers Pvt. Ltd known for?

Parsvnath Developers Pvt. Ltd is known for its residential and commercial projects across the country.

Related News Articles

India's Luxury Real Estate Market Sees Unprecedented Growth: Mumbai and Delhi Lead the Charge
real estate news

India's Luxury Real Estate Market Sees Unprecedented Growth: Mumbai and Delhi Lead the Charge

Mumbai and Delhi have emerged as top contenders in the global luxury real estate market, with prime residential property prices soaring in the second quarter of 2024.

August 23, 2024
Read Article
Sonam Kapoor and Anand Ahuja Acquire Nirav Modi’s Iconic Rhythm House for ₹47.8 Crore
Real Estate Mumbai

Sonam Kapoor and Anand Ahuja Acquire Nirav Modi’s Iconic Rhythm House for ₹47.8 Crore

Sonam Kapoor and her husband Anand Ahuja have made a significant real estate investment by acquiring Rhythm House, a coveted music store in Kala Ghoda, Mumbai, for ₹47.8 crore.

October 23, 2024
Read Article
Rupee Remains Steady, Gains 1 Paisa Against US Dollar on Month-End Demand
Real Estate Mumbai

Rupee Remains Steady, Gains 1 Paisa Against US Dollar on Month-End Demand

Mumbai: The Indian rupee settled flat on Monday, gaining 1 paisa against the US dollar due to month-end demand. Despite global economic uncertainties, the rupee showed resilience, supported by robust inflows from foreign institutional investors.

October 31, 2024
Read Article
Mumbai Property Sells for a Whopping Rs 185 Crore - An In-Depth Look
Real Estate Mumbai

Mumbai Property Sells for a Whopping Rs 185 Crore - An In-Depth Look

Following the COVID-19 pandemic, Mumbai has seen a significant resurgence in the real estate market. A recent high-profile property deal has grabbed headlines, with a property selling for a staggering Rs 185 crore. Read on to find out more about this impr

December 12, 2024
Read Article
Navi Mumbai Surges Ahead with 23% Sales Growth in 2024, Outpacing Greater Mumbai and Thane
Real Estate Mumbai

Navi Mumbai Surges Ahead with 23% Sales Growth in 2024, Outpacing Greater Mumbai and Thane

A recent report from Anarock Property Consultants highlights a dramatic 23% increase in apartment sales in Navi Mumbai, while Greater Mumbai and Thane experienced declines in 2024. The study also notes a reduction in new supply across the regions, particu

January 1, 2025
Read Article
Motilal Oswal Secures Rs 17.5 Billion for Sixth Real Estate Fund
Real Estate Mumbai

Motilal Oswal Secures Rs 17.5 Billion for Sixth Real Estate Fund

Motilal Oswal has successfully raised Rs 17.5 billion for its sixth real estate fund, focusing on mid-income housing projects in India's leading cities, including Mumbai, Pune, Chennai, and Hyderabad.

January 9, 2025
Read Article