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

Mukesh Ambanis Luxury Villa in Dubais Palm Jumeirah: A ₹640 Crore Gift to Son Anant
Real Estate

Mukesh Ambanis Luxury Villa in Dubais Palm Jumeirah: A ₹640 Crore Gift to Son Anant

Mukesh Ambani has gifted his son Anant a luxurious beachfront villa in Dubai's Palm Jumeirah

May 27, 2024
Read Article
Lords Hotels and Resorts Expands Its Reach with New Property Acquisition in Purulia, West Bengal
real estate news

Lords Hotels and Resorts Expands Its Reach with New Property Acquisition in Purulia, West Bengal

Lords Hotels and Resorts is set to open its new property, Lords Eco Inn Purulia, in early 2025, featuring elegantly designed rooms and opulent amenities.

July 8, 2024
Read Article
How Mumbai's Prime Land is Being Sold to Vested Interests on the Cheap
Real Estate Maharashtra

How Mumbai's Prime Land is Being Sold to Vested Interests on the Cheap

The Mumbai Metropolitan Region is the country's most lucrative area of operations in the real estate business. The Maharashtra government's decision to redevelop Dharavi has raised several questions about the project's intentions.

September 18, 2024
Read Article
Mumbai: Mall of Homes 2025 Expo Attracts Over 14,000 Visitors on Day One, Redefining Real Estate Experience
Real Estate Mumbai

Mumbai: Mall of Homes 2025 Expo Attracts Over 14,000 Visitors on Day One, Redefining Real Estate Experience

The three-day event, aimed at revolutionizing the real estate buying experience, saw a massive turnout on its opening day. Innovative schemes and technology-driven solutions are the highlights.

January 17, 2025
Read Article
Elevating Luxury Living: The Taj Sky View Residences in Chennai
Real Estate

Elevating Luxury Living: The Taj Sky View Residences in Chennai

Discover the world's first Taj branded residences in Chennai, a luxurious blend of high-end living, hospitality, and office spaces, setting new benchmarks in the real estate market.

February 26, 2025
Read Article
Mumbai Real Estate Market Shows Mixed Signals as Affordable Housing Segments Shrink
Real Estate

Mumbai Real Estate Market Shows Mixed Signals as Affordable Housing Segments Shrink

Mumbai's property market is experiencing a mixed trend, with strong overall registrations but a significant decline in the affordable housing segment. This article explores the current state of the real estate market in Mumbai, highlighting the challenges

March 3, 2025
Read Article