Pune News: Two Booked In ₹ 1.22 Crore Real Estate Fraud Case 

The Chandannagar police have filed a case against two individuals for allegedly defrauding a victim of ₹1.22 crore in a real estate scam. The incident occurred between 2021 and 2023. The complaint was lodged by Avinash Kumar Laxman Kumar Behera, 32, a resident of Keshavnagar, on September 29, 2024.

The accused, identified as Ishwar Gahininath Budhwant from Kharadi and Swapnil Balasaheb Pawar from Indapur, had promised to help Behera purchase a plot of land for constructing a bungalow. They initially took ₹46.32 lakh from Behera as an advance and an additional ₹65.50 lakh from his friend.

Despite issuing promissory notes confirming receipt of the money, the accused failed to deliver the land or return the funds. When Behera demanded a refund, one of the accused refused, stating that neither the land nor the money would be provided.

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Police have registered the case under sections 406, 420, 506, and 34 of the Indian Penal Code, though no arrests have been made yet.

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This case highlights growing concerns over fraudulent practices in the real estate sector.

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