Nagpur: Mhada Alleges ₹1.39 Crore Fraud by Private Firm Director


NAGPUR: The Sitabuldi police have initiated a cheating case against Bhupendra Chandrikapure, the director of a private firm engaged by the Maharashtra Housing and Area Development Authority (Mhada) in October 2022 for selling unsold flats built under its schemes.

The complaint, lodged by the deputy chief officer of the Nagpur Housing and Area Development Board, claims that Chandrikapure had no authorization to directly collect money from buyers. Nonetheless, between October 2022 and July 2025, he allegedly gathered significant sums from 44 beneficiaries by promising flats and home loans and charging additional fees for electricity connections and other amenities.

The victims neither received their flats nor were reimbursed, leading to misappropriation of Rs 1.39 crore for personal benefit, which caused substantial loss to both the beneficiaries and Mhada. The police have filed charges against Chandrikapure for cheating, and further investigation is in progress.

  • Published On Nov 20, 2025 at 02:00 PM IST

Join a community of over 2M industry professionals.

Subscribe to our newsletter for the latest insights & analysis delivered to your inbox.

Stay updated on the ETRealty industry directly on your smartphone!


Related Posts

ATS Infrastructure repays ₹190 crore SWAMIH fund early

NEW DELHI: ATS Infrastructure has repaid ₹190 crore to the Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund I. This sum includes ₹133 crore as the principal amount and ₹57 crore in interest for its ATS Marigold residential project on the Dwarka Expressway in Gurugram. The project encountered construction delays due to the NBFC crisis in 2018 and interruptions from the COVID-19 pandemic. It saw a revival through last-mile funding from the government-backed stress resolution fund. The project is now complete, with all six towers receiving occupation certificates (OCs) from the authorities. When the fund invested in February…

Bombay HC Demands Report from SRA CEO on Half-Sold Flats

MUMBAI: The Bombay High Court has taken a serious stance regarding illegal transfers of flats built under the slum rehabilitation scheme in Sion-Koliwada. The court has called for a report from the CEO of the Slum Rehabilitation Authority (SRA). It was reported that although a part-occupation certificate was issued to Nirmal Nagar SRA CHS on January 7 to house 804 slum-dwellers, 410 of them have sold their flats. “If the petitioner’s claims hold true, we have significant doubts about the legality of the Slum Rehabilitation Authority’s control over the slum schemes,” remarked Justices Girish Kulkarni and Aarti Sathe on September…

Karimadom Colony Rehab Project Approved

THIRUVANANTHAPURAM: After nearly two decades of uncertainty, residents of Karimadom Colony are beginning to see hope. The Basic Services for the Urban Poor (BSUP) rehabilitation project, which was initiated in 2008 but came to a halt in 2023, has now received technical sanction. Costs, designs, and timelines have been finalized, following ongoing criticism of civic indifference and politically motivated delays. The local self-government department has formally approved the plan, which aims to provide homes for all 105 families affected. “The project is officially sanctioned, and Costford, the designated agency, will oversee construction,” stated Jahamgeer S, the corporation’s secretary. “Construction will…