Dedicated locality research platform
Enter your email address and you will receive
a link to reset your password
In a distressing case, three individuals—Kakasaheb Khade, Vikas Dahiphale, and Mohini Tandale—have been accused of perpetrating a fraudulent land deal, cheating 19 Navy officers of a staggering Rs 23.13 crore. The alleged scam unfolded in 2019 when the trio established an office in the Central Business District (CBD) under the guise of "Sky Garuda Developers," promoting the sale of Non-Agricultural plots in Vindhane village, Uran.
The complainant, Sanjeet Kumar Madanchandra Pal from Colaba, approached the developers based on a colleague's recommendation. Pal, accompanied by Navy officers from Mumbai, engaged with the three directors at the Sky Garuda Developers' office. The accused presented a narrative of having purchased a sizable Non-Agricultural land parcel from local farmers, pricing two acres at Rs 13.95 lakh. Following this, Pal, his brother, and 15 officers committed to the purchase, making an initial payment of Rs 2.82 crore.
Subsequently, Khade and associates conveyed to the Navy officials that, for unspecified reasons, they couldn't provide the promised plot in survey no. 270. Instead, they offered an alternative Non-Agricultural plot in a different survey at the same price. The three directors then facilitated the online registration of the new plot for the 19 investors. However, as the COVID-19 pandemic unfolded, and subsequent to the lockdown, the accused reportedly began evading the investors.
When the Navy officers sought a refund, the trio issued a cheque that eventually bounced. This prompted the victims to discover that two additional Navy officers had also fallen victim to the scheme. They collectively approached the police, registering a complaint of cheating amounting to Rs 3.13 crore.
Senior Police Inspector Giridhar Gore from Belapur police station indicated that the case has been transferred to the Economic Offence Wing for a thorough investigation. The accused individuals face charges under sections 420 (cheating), 406 (criminal breach of trust), and 34 (common intention) of the Indian Penal Code (IPC).
This unfortunate incident underscores the vulnerability of investors, even those associated with the armed forces, to unscrupulous real estate dealings. The case emphasizes the importance of thorough due diligence and vigilance in property transactions. As the investigation unfolds, it will shed light on the extent of the alleged fraud and determine appropriate legal actions against the accused trio.
In conclusion, the fraudulent land deal involving Sky Garuda Developers serves as a stark reminder of the need for stringent oversight in the real estate sector to protect investors from deceptive practices. The impact on the Navy officers, who placed their trust in the developers, highlights the broader consequences of fraudulent schemes within the realm of property transactions. It is imperative that regulatory bodies and law enforcement agencies take swift and decisive action to bring those responsible to justice and prevent such incidents in the future.
Propscience is India’s dedicated property news portal. We cover the latest events, news, trends, deals, new launches and more.
All our services and tools are completely free of cost and available 24X7!
We use cookies to give you the best possible service while using our website, please click accept and carry on browsing if you're happy with this. For more information see our Privacy Policy.
Okay, Got it!This disclaimer ("Disclaimer") is applicable to the entire Site. Upon entering the Site it is recommended that you immediately read the Terms and Conditions and Privacy Policy listed therein. Your continued usage of this Site will indicate your unconditional acceptance of the said Terms and Conditions and Privacy Policy. You hereby agree that Propscience reserves the right to modify at any time, the Terms and Conditions and Privacy Policy governing this Site without prior notification. Your usage of the Site implies that you will be bound by any such modification. You agree and acknowledge that it is your responsibility to periodically visit the Site and stay updated with the Terms and Conditions and Privacy Policy of the Website.
The information contained in this Site has been provided by Propscience for information purposes only. This information does not constitute legal, professional or commercial advice. Communication, content and material within the Site may include photographs and conceptual representations of projects under development. All computer-generated images shown on the Site are only indicative of actual designs and are sourced from third party sites.
The information on this Site may contain certain technical inaccuracies and typographical errors. Any errors or omissions brought to the attention of Propscience will be corrected as soon as possible. The content of this Site is being constantly modified to meet the terms, stipulations and recommendations of the Real Estate Regulation Act, 2016 ("RERA") and rules made thereunder and may vary from the content available as of date. All content may be updated from time to time and may at times be out of date. Propscience accepts no responsibility for keeping the information in this website up to date or any liability whatsoever for any failure to do so.
While every care has been taken to ensure that the content is useful, reliable and accurate, all content and information on the Site is provided on an "as is" and "as available" basis. Propscience does not accept any responsibility or liability with regard to the content, accuracy, legality and reliability of the information provided herein, or, for any loss or damage caused arising directly or indirectly in connection with reliance on the use of such information. No information given under this Site creates a warranty or expands the scope of any warranty that cannot be disclaimed under applicable law.
This Site provides links to other websites owned by third parties. Any reference or mention to third party websites, projects or services is for purely informational purposes only. This information does not constitute either an endorsement or a recommendation. Propscience accepts no responsibility for the content, reliability and information provided on these third-party websites. Propscience will not be held liable for any personal information of data collected by these third parties or for any virus or destructive properties that may be present on these third-party sites.
Your use of the Site is solely at your own risk. You agree and acknowledge that you are solely responsible for any action you take based upon this content and that Propscience is not liable for the same. All details regarding a project/property provided on this Site are updated on the basis of information available from the respective developers/owners/promoters. All such information will not be construed as an advertisement. To find out more about a project / development, please register/contact us to visit the site you are interested in. All decisions taken by you in this regard will be taken independently and Propscience will not be liable for any such loss in connection with the same. This Site is for guidance only. Your use of this Site - including any suggestions set out in the Site and or any use of the resources available on this Site, do not create any professional - client relationship between you and Propscience. Propscience cannot accept you as a client until certain formalities and requirements are met.
We use cookies to give you the best possible service while using our website, please accept it and continue browsing if you're happy with this. For more information see our Privacy Policy