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Gurugram Real Estate CEO Arrested For Rs 500 Crore Fraud…

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activeChit Fund / Real Estate FraudHaryana

Gurugram Real Estate CEO Arrested For Rs 500 Crore Fraud, Sold Same Property To 25 Buyers

Gurugram Police arrested the CEO and director of a commercial real estate project, 32nd Revenue, in connection with an alleged real estate fraud totaling Rs 500 crore. Investigators stated that the accused allegedly cheated numerous buyers by selling the exact same commercial floor to at least 25 different individuals.

State

Haryana

First reported

February 2026

Agency involved

Gurugram Police and Economic Offences Wing

Arrests

The CEO and director of the real estate project

Charges or sections cited

Cheating, criminal breach of trust, forgery, and criminal conspiracy

Status

The accused is in six days of police custody while questioning and financial scrutiny continue

The full story

Everything you need to know about this case, in one place.

The investigation, led by the Economic Offences Wing, focused on transactions conducted between 2021 and 2023 at a building located within the 32nd Milestone complex in Sector 15, Gurugram. According to a complaint filed by a company that paid Rs 2.5 crore for a commercial space, the conveyance deed was never registered despite full payment, and notices went unanswered.

Police discovered that the approximately 3,000-square-foot floor was allegedly sold multiple times. Investigators also stated that long-term leases for a period of 30 years were taken from all 25 buyers through another firm. Following his production before a Gurugram court, the accused was remanded to six days of police custody as questioning and financial scrutiny continued.

A spokesperson for 32nd Avenue disputed aspects of the case, telling reporters that the disagreement with the initial complainant company had been amicably resolved through a mutual understanding. The company also attributed recent payment delays to temporary occupancy gaps caused by routine tenant turnover.

Not yet reported: The articles do not mention the specific identities of all 25 buyers or the final outcome of the judicial proceedings following the police custody period.

Where the case stands

The latest position in the reports we read.

The accused CEO remains in police custody for interrogation, while investigators scrutinize financial trails and documents to determine the extent of the fraud and the involvement of associates. Meanwhile, the company maintained that one of the disputes was amicably resolved.

Who was affected

Described in general terms; we do not name victims.

At least 25 individual buyers and corporate entities, including a company named Trom Ventures Private Limited, who purchased or entered into agreements for the same commercial floor space in Gurugram.

Timeline

Key dates as reported, oldest first.

September 2021A complainant company paid the full amount of Rs 2.5 crore for a commercial floor unit under an agreement to sell.

2021 to 2023The Economic Offences Wing probed transactions during this period, finding the same floor was sold to multiple buyers.

October 2023The real estate firm failed to respond to legal notices sent regarding the unexecuted conveyance deed.

Earlier this yearAn FIR was filed alleging cheating, criminal breach of trust, forgery, and criminal conspiracy.

Friday, February 6The CEO was produced before a Gurugram court and sent to six days of police custody.

How the scam worked

The method described in the reports.

A commercial floor space measuring about 3,000 square feet was offered to a buyer company for Rs 2.5 crore, and full payment was accepted under an agreement to sell.
The conveyance deed for the property was never registered in favor of the initial buyer, and legal notices sent to the firm were ignored.
The exact same commercial floor was subsequently sold to at least 24 other individuals, bringing the total estimated fraudulent transactions to around Rs 500 crore.
Long-term leases for the same property were secured from all 25 buyers for a period of 30 years through the operation of another associated firm.

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Keep reading

More cases like this one.

Homebuyers ‘fraud’ case: ED seizes over Rs 6 crore cash in raids on Delhi real estate firm assetsChit Fund / Real Estate Fraud · Delhi Multi-Crore Land Fraud Busted In Kashmir, Same Plot Sold To Different BuyersChit Fund / Real Estate Fraud · Multiple States Tarak Arolkar Hospitalised After Complaining Of Chest PainChit Fund / Real Estate Fraud · Goa Cyberabad police book cheating case over Rs 9.66 crore land fraudChit Fund / Real Estate Fraud · Multiple States

Sources and further reading

Optional. The full story is above; these are the original reports it was prepared from.

news18.comOriginal report News18Opens via Google News

Prepared by Report Scams, with the help of AI, from the published reports listed above. Check those reports for the latest. Cases here describe allegations. An FIR, arrest or charge is not a finding of guilt. To report a mistake, or to ask for a correction or removal, write to our Grievance Officer. See also the Safe Posting policy.