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Who is Dhruv Sharma? Gurugram 32nd Avenue CEO arrested for…

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activeCyber Crime / Digital ArrestHaryana

Who is Dhruv Sharma? Gurugram 32nd Avenue CEO arrested for selling '1 floor to 25 buyers', alleged ₹500 crore fraud

Gurugram Police arrested the CEO and director of a prominent commercial hub in connection with a massive alleged real estate fraud. Investigators estimate the total cheating operation could involve nearly ₹500 crore across multiple complaints.

State

Haryana

First reported

February 2026

Amount alleged

₹500 crore

Agency involved

Economic Offences Wing (EOW) of Gurugram Police

Arrests

One director and CEO arrested

Charges or sections cited

Cheating and criminal conspiracy

Status

Remanded to six days of police custody for further investigation

The full story

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

The allegations centre on the sale of a single commercial floor to more than 25 different buyers. The primary complainant alleged that despite paying ₹2.5 crore for a 3,000-square-foot unit in 2021, the conveyance deed transferring ownership was never registered, even though rent payments initially continued.

The Economic Offences Wing of the Gurugram Police took over the probe and produced the accused before a city court, securing a six-day police remand. Authorities are examining financial transactions and identifying other potential beneficiaries.

Not yet reported: The articles do not detail the full list of all 25 buyers or the specific total number of separate FIRs filed beyond the primary January complaint.

Where the case stands

The latest position in the reports we read.

The accused has been arrested and remanded to six days of police custody while the Economic Offences Wing continues its investigation into the financial transactions and scope of the alleged fraud.

Who was affected

Described in general terms; we do not name victims.

Investors and companies, including a complainant firm and over 25 different individual buyers who were allegedly sold the exact same commercial floor.

Timeline

Key dates as reported, oldest first.

2015The accused began overseeing real estate ventures across multiple regions.

21 September 2021The complainant company paid ₹2.5 crore for a commercial unit and executed an agreement to sell.

2022 to 2023The conveyance deed for the same floor was allegedly executed in favour of 25 different individuals.

October 2023The complainant issued a legal notice after the conveyance deed was never registered, which received no response.

January 2026A formal complaint was filed, leading to an FIR at the Civil Lines police station.

Friday (as reported)Gurugram Police arrested the accused and remanded him to six days of police custody.

How the scam worked

The method described in the reports.

Directors and shareholders offered to sell a specific commercial unit to a buyer and executed an agreement to sell after receiving full payment.
Rent payments continued to be paid to the buyer according to the agreement, which masked the underlying irregularities for a period of time.
Between 2022 and 2023, the conveyance deed for that exact same floor was allegedly executed in favour of 25 different individuals.
The same disputed floor was reportedly taken back on a 30-year lease from those multiple buyers under the name of a separate hospitality firm.

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Sources and further reading

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

livemint.comOriginal report LivemintOpens 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.