MUMBAI: Byculla police have filed an FIR against two directors of Aafiyah Realtors for allegedly defrauding 60-year-old businessman Mausam Ali Armar of ₹5 crore in connection with a high-rise project in South Mumbai.
The accused, Munaf Wadgama and his wife Sajida, reportedly cannot be located, according to police reports. The complaint was lodged by Armar, who is the director of Galaxy Multi Channel Network Pvt Ltd.
According to the FIR, Armar met the Wadgamas in 2013 through mutual contacts. The couple allegedly claimed ownership of Aafiyah Realtors and offered nine flats for sale in a proposed 47-storey building named “Aafiyah Heights,” with promises of possession within 30 months and a valid occupation certificate.
Based on these promises, Armar made several payments totaling ₹5 crore via cheques and RTGS transactions from his company’s account between March and November 2013. He also received an MOU and allotment letters to build trust.
However, the promised flats were never delivered. Upon investigation, Armar discovered that Aafiyah Realtors was not registered at the time of the transactions and that the building had only been constructed up to the 23rd floor, despite claims of completion.
After sending a legal notice in October 2025 requesting a refund, Armar received no adequate responses, prompting him to file a police complaint.
