PUNE: The Dehu Road police have filed a case against a developer from Malinagar in Dehu and seven accomplices, accused of defrauding eight homebuyers of ₹1.84 crore by selling flats that were already mortgaged to a credit society.
A complaint was lodged by one of the flat owners with the Dehu Road police against the developer and his associates.
An officer stated that the complainant and seven others purchased flats within the housing complex in Malinagar between 2021 and 2023. The scam was uncovered in May 2025 when other residents alerted the complainant that the developer had secured a loan from a credit cooperative by mortgaging 14 flats in total, eight of which were sold to buyers.
Upon verifying with the credit cooperative, the complainant discovered that the developer had taken a loan of ₹2 crore using these flats as collateral. The officials from the credit society informed the complainant that the loan had not been repaid.
The officer noted that the development in Dehu is registered with the Maharashtra Real Estate Regulatory Authority (MahaRERA). According to the regulations, the developer is required to declare any existing loans on the property during the registration process with MahaRERA. “It was revealed that the developer failed to disclose this loan while registering and provided false information on the MahaRERA website,” the officer mentioned.
After multiple attempts to reach the developer yielded no response, the complainant decided to approach the police. “We have filed a case under sections 406 (criminal breach of trust) and 420 (cheating) of the Indian Penal Code against eight individuals. The investigation is currently ongoing,” the officer confirmed.
