Real Estate Deception Scandal in Navi Mumbai

In a worrying case of real estate fraud, Navi Mumbai police have lodged a complaint against the director of a real estate company and his accomplices, accused of cheating a man out of Rs 1.47 crore.

The 57-year-old victim, a transport company owner, was lured with promises of six flats in Navi Mumbai. From 2011 to 2016, the accused collected the money but neither delivered the flats nor returned the money.

Authorities urge potential buyers to meticulously verify property documents before making any investment to avoid such scams. Officials stress the importance of due diligence in financial transactions to prevent being swindled.

(With inputs from agencies.)