shot-button
Maharashtra Elections 2024 Maharashtra Elections 2024
Home > Mumbai > Mumbai News > Article > Mumbai Diamond trader cheated of Rs 27 cr in property deal developers booked

Mumbai: Diamond trader cheated of Rs 2.7 cr in property deal; developers booked

Updated on: 06 May,2023 05:03 PM IST  |  Mumbai
PTI |

The complainant in the case has claimed that he had paid the father-son duo 2.7 crore for a flat in a redevelopment project in 2016, and he still hasn't received possession of the property, an official said

Mumbai: Diamond trader cheated of Rs 2.7 cr in property deal; developers booked

Representational Pic. iStock

An offence has been registered against a city-based developer and his son for allegedly duping a diamond trader of Rs 2.7 crore in a property deal, police said on Saturday.


The complainant in the case has claimed that he had paid the father-son duo 2.7 crore for a flat in a redevelopment project in 2016, and he still hasn't received possession of the property, an official said.


The complainant alleged that he had paid Rs 2.27 crore out of the total Rs 3.1 crore to purchase a 1,876 sq ft apartment in a housing society in Vile Parle and was given an allotment letter, which stated that the property will be handed over to him by December 2018, he said.


Also Read: Mumbai Police issues preventive order for property owners, check guidelines

In 2019, one of the accused informed the complainant that the said flat had been sold to another buyer and he was offered another flat in the building. However, he did not keep his end of the deal and failed to return the money, the official said.

A case under relevant provisions of the Indian Penal Code for criminal breach of trust and cheating has been registered against the developers.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!

Register for FREE
to continue reading !

This is not a paywall.
However, your registration helps us understand your preferences better and enables us to provide insightful and credible journalism for all our readers.

Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK