Real eatate agent shot dead by friend during Holi party
Mar 17, 2014
Source : The Times of India
BADLAPUR: A 48-year-old real estate agent was shot dead by his friend at a Holi party in Badlapur area on Sunday night.

The police has arrested accused, Mahendra Bagul,38, who has several criminal cases against him.

According to the Badlapur police, on Sunday night deceased Santosh Salvi had gone to the Station Pada area to attend a Holi party organized by his friends.

I R Andhalkar, Senior Police Inspector of Badlapur police station, said, "There were total of five friends including Salvi and Bagul at the party. During the party an altercation broke out between the victim and Bagul after which Bagul pulled out a gun and shot Chavan in the abdomen from a close range".

After the shooting, Bagul fled from the spot and Chavan was rushed to the nearby Shushrit hospital. He was shifted from there to Dr Lavantare's hospital but was declared brought dead.

Police said Chavan was real estate agent and he was staying in Katrap area situated in Badlapur east while Bagul lived in the Station Road area.

Police said this is the third crime committed by Bagul in the last three months.

Six month ago he was arrested for firing on BJP leader Sharad Mahatre in Ambernath and three months back he was arrested by Ulhasnagar crime branch for carrying three illegal revolvers but later was released on the bail.


Latest Realty News

Real estate NCDs: Good returns but with high risks
Mar 17, 2014
MUMBAI: Since March 3, the BSE realty index has gained 14.2 per cent, compared with the Sensex's 3.95 per cent rise. Though real estate developers are reporting a slowdown in sales, in most centres, returns by real estate-linked non-convertible debentures (NCDs) are 18-22 per cent a year.
Need political will to extend Kolhapur city limits, real estate developers say
Mar 16, 2014
KOLHAPUR: The real estate developers are irked over the lack of political will to approve the proposal to extend the city limits for providing affordable housing and boosting real estate growth.
IRDA asks SBI Life to refund Rs 275 crore
Mar 13, 2014
MUMBAI: In a move that will benefit 7.5 lakh borrowers of State Bank of India Group, the insurance regulator has asked SBI Life to refund Rs 275 crore of premium collected from policyholders, which makes it the biggest refund order in insurance history. The life insurer, which was earlier fined for mis-selling its Dhanraksha Plus LPPT through SBI and associate banks, has now been asked to refund excess commission that it has paid out of premium collected under this policy.
Godrej Properties adds new project in Mumbai through pact with Godrej & Boyce
Mar 13, 2014
MUMBAI: Godrej Properties, the real estate development arm of the Godrej Group, has entered into a pact with group company Godrej & Boyce to develop a new project on the latter's property at Vikhroli suburb of Mumbai, the company said in a release.
Homi Bhabha's bungalow put on the block, priced at Rs 257 crore
Mar 13, 2014
MUMBAI: The iconic bungalow where Dr. Homi J Bhabha, father of India's atomic energy programme lived for years, has now been formally put on block. The reserve price for the property, which had been home to the illustrious Bhabha family including Dr. Homi Bhabha and Dr. Jamshed Bhabha, is set at Rs 257 crore.
Tepid realty market a drag on Air India revival
Mar 12, 2014
MUMBAI: Depressed rates in the real estate market have hit financially struggling Air India's plans to monetise its assets. The government carrier has had to cut by 90 per cent the revenue it expects from the programme in the coming financial year.
Godrej Properties jumps after adding new project in Vikhroli
Mar 12, 2014
NAVI MUMBAI: Godrej Properties jumped 5.50% to Rs 180.30 at 13:36 IST on BSE after the company said it will develop a new project in Vikhroli through its agreement with Godrej & Boyce.
Many Sahara real estate projects still on drawing board
Mar 12, 2014
MUMBAI: Sahara City Homes, housing projects of the Sahara group’s real estate arm, have the tagline Jahaan Bassey Bharat (where India lives). A look at the progress in many of these, however, presents a different picture.
IT searches Hiranandani group in Mumbai, other places
Mar 12, 2014
MUMBAI: The Income Tax department today conducted searches at 20 locations of real estate major Hiranandani group in Mumbai and other cities in connection with alleged tax evasion.
14 consortia show interest in Mumbai Metro's underground line
Mar 11, 2014
MUMBAI: As many as 14 consortia, including those of L&T, IL&FS and HCC, have expressed interest in the new underground section of metro.

Latest Realty News Of State

Realty Talk's