Four Booked for Cheating Navi Mumbai Builder of Rs.66.75 Lakh in Land Deal

15 Jul 2024 CW Team

Legal action has been initiated against four individuals for allegedly cheating a Navi Mumbai builder of ?66.75 lakh in a land deal. The case highlights the risks associated with fraudulent transactions in the real estate sector, emphasizing the importance of due diligence and legal scrutiny.

According to reports, the accused individuals purportedly deceived the builder by misrepresenting facts related to the land transaction. The builder, expecting a legitimate property deal, incurred financial losses due to the fraudulent activities of the accused.

The incident underscores the need for vigilance and caution while engaging in real estate transactions, particularly concerning land deals involving substantial financial investments. Authorities are investigating the matter to ascertain the full extent of the fraud and hold the perpetrators accountable.

Cases of fraud and misrepresentation in real estate transactions can adversely affect stakeholders, leading to financial losses and legal complexities. It is imperative for both buyers and sellers to conduct thorough background checks, verify property ownership details, and seek legal advice to prevent falling victim to fraudulent practices.

The legal action against the accused reflects the authorities' commitment to upholding transparency and accountability in real estate dealings. It serves as a reminder of the regulatory measures in place to protect the interests of builders, investors, and homeowners in Navi Mumbai and beyond.

In conclusion, the booking of four individuals for cheating a Navi Mumbai builder of ?66.75 lakh in a land deal underscores the significance of integrity and diligence in real estate transactions. The incident highlights the need for stringent regulatory oversight and adherence to legal protocols to safeguard against fraudulent activities and promote trust in the real estate sector.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..