lastminute newsGurgaon Man Arrested For Duping Real-Estate Investors SonDakika-Haberleri.Net
A 58-year-old civil engineer was arrested for allegedly duping people on the pretext of investing in real estate, police said on Wednesday.
Sanjay Chawla, a resident of Gurgaon, had cheated 53 people around Rs 9 crore, police said.
According to a complaint, Adel Landmarks Ltd had in March 2011 made a pre-launch of a project named ''Cosmo Court'', which was to come up at Sector 86 in Gurgaon, an officer said.
The firm and its representatives misled the investors that it has already acquired 17 acres of land and obtained the licenses to start the project, the officer said.
They urged the complainants to start making payments for bookings for the project in the pre-launch stage, stating that it was very nominal at this stage and the rates would be double once the project is officially launched, police said.