Retired Teacher Loses ₹1.25 Crore in Mumbai Real Estate Scam
A retired school teacher from Mira Road was duped of ₹1.25 crore by an estate agent and his associate who sold him a Kandivali flat using forged documents and impersonating the owner.
Real Estate FraudMumbaiRetired TeacherProperty ScamLodawoods TowerReal EstateNov 14, 2025
According to the police, the complainant met one Ravindra Singh on June 12 this year in Kashigaon, Mira Road East. Singh, who introduced himself as an estate agent, informed the teacher about a flat owned by Ganesh Prasad Chaturvedi, located on the 15th floor of the Lodawoods tower in Lokhandwala, Kandivali.
The victim visited the flat and expressed his interest in buying the property. Following this, Singh introduced him to Chaturvedi, who claimed to be the owner of the flat. They negotiated the price to ₹1.25 crore, which the teacher transferred to them, and also signed the sale deed.
Subsequently, the victim repeatedly followed up with Singh and Chaturvedi for possession, but the two allegedly evaded him and eventually cut off communication, the officer said.
He then went to the building, spoke to some people, and inquired about the owner’s whereabouts. He discovered that the flat indeed belonged to a person named Chaturvedi, but the man he had met was not the real owner but someone who impersonated him.
After numerous failed attempts to reach the two men for four months, he approached the police, after which a case was registered against Singh and his associate under sections 319(2) (cheating by personation), 318(4) (cheating), 316(2) (criminal breach of trust), 336 (3) (forgery), and 338 (forgery of a valuable security) and 61 (criminal conspiracy) of the Bharatiya Nyaya Sanhita.
This case highlights the importance of due diligence and verification when dealing with real estate transactions. Prospective buyers should always verify the authenticity of documents and the identity of the seller to avoid falling into such scams.
In Mumbai, real estate transactions can be complex and fraught with risks, especially in high-demand areas like Kandivali. It is crucial for buyers to seek legal advice and ensure all necessary checks are carried out before finalizing any deal.
Frequently Asked Questions
What is the amount of money the retired teacher lost in the scam?
The retired teacher lost ₹1.25 crore in the real estate scam.
Who were the main perpetrators in this scam?
The main perpetrators were an estate agent named Ravindra Singh and his associate, who impersonated the actual owner of the flat.
What flat was involved in the scam?
The flat involved in the scam was located on the 15th floor of the Lodawoods tower in Lokhandwala, Kandivali.
How did the victim discover the fraud?
The victim discovered the fraud when he visited the building, spoke to some people, and learned that the man he met was not the actual owner of the flat.
What legal actions were taken against the perpetrators?
A case was registered against the perpetrators under sections 319(2), 318(4), 316(2), 336(3), 338, and 61 of the Bharatiya Nyaya Sanhita.
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