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Multi-Crore Property Fraud Uncovered In Thane | Report Scams

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activeChit Fund / Real Estate FraudMaharashtra

Multi-Crore Property Fraud Uncovered In Thane

Thane Police have uncovered a significant multi-crore property fraud involving forged builder agreements within a residential project. According to reports, multiple individuals allegedly orchestrated the scam by illegally selling 25 flats and seven commercial units to prospective buyers. The suspects used fabricated builder documents to collect heavy advance payments between February 2024 and September 2026. The total alleged fraud amounts to Rs 13.57 crore, impacting both the real estate developer and various buyers.

State

Maharashtra

First reported

October 2026

Agency involved

Mumbra Police, Thane Police

Complainant

Premium Builders and Developers

Charges or sections cited

Cheating under the Bharatiya Nyaya Sanhita (BNS)

Status

Investigations ongoing; police are tracking down the accused

The full story

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

The Mumbra police registered a case of cheating following a formal complaint lodged by Premium Builders and Developers. Authorities have booked the accused individuals under the relevant provisions of the Bharatiya Nyaya Sanhita (BNS). Investigators stated that both the developer and multiple buyers were deceived in the operation. Police efforts are currently underway to trace and track down the suspects involved in the property deals.

Not yet reported: The articles do not mention whether any arrests have been made so far.

Where the case stands

The latest position in the reports we read.

A case has been registered by the Mumbra police, and investigations are currently underway to track down the suspects.

Who was affected

Described in general terms; we do not name victims.

Prospective home and shop buyers, along with the real estate developer Premium Builders and Developers.

Timeline

Key dates as reported, oldest first.

Between February 2024 and September 2026The suspects forged official builder agreements and illegally sold flats and commercial units while collecting advance payments.

October 2026Thane Police registered a cheating case following a complaint by Premium Builders and Developers.

How the scam worked

The method described in the reports.

The suspects forged official builder agreements associated with a residential project.
They used these fraudulent documents to illegally offer and sell 25 flats and seven commercial units.
The accused collected heavy advance payments from prospective buyers using the fake agreements.
Both the actual developer and the buyers were deceived as the unauthorized sales came to light.

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Keep reading

More cases like this one.

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Sources and further reading

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

rediff.comOriginal report RediffOpens via Google News Unravelling The Rs 3.63 Crore MHADA Flat Cheating Case - Rediff

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