Land cuffs on 10 frauds
The accused promised to sell 25 acres near Sakhigopal to a business man and cheated Rs 2 Cr from him
Nov 21, 2014
Source : The Telegraph


Bhubaneswar: Police today arrested 10 persons for allegedly cheating a businessman of Rs 2 crore on the pretext of providing him land near Sakhigopal in Puri district.

The accused have been identified as Srinivas Pradhan, Chitta Ranjan Pradhan, Deepak Sahu, Sukanta Parida alias Kashi Prasad Modi, Pravat Sahu, Satya Narayan Das, Sanjib Mohanty, Saroj Khuntia, Bijay Behera and Jitendra Sahu. The police said all of them were residents of Bhubaneswar and its outskirts.

The police said mastermind Sukanta, along with Satya Narayan, had contacted the businessman, Suryakanta Das, and promised to sell 25 acres near Sakhigopal. Later, the duo roped in another eight persons, who claimed that the land shown to the businessman belonged to them.

“I paid the money in phases through bank cheques. They showed the plot but never sold it to me. When I asked for refund of the money, they did not pay any heed,” Das said. He has lodged a complaint with Nayapalli police.

Investigation by the police revealed that Sukanta used to work as a mediator in a number of land deals.

“Sukanta had made a false patta (revenue document) to establish that a portion of the land belonged to him. Besides, he had also made a fake voter identity card to establish that his name was Kashi Modi,” said a cop.

The group is also allegedly involved in fraudulent sale of a few plots. “We are trying to verify their antecedents,” said inspector in-charge of Nayapalli police station Suryamani Pradhan.

Latest Realty News

Motilal Oswal realty arm raises Rs 440 crore
Nov 21, 2014
MUMBAI: Motilal Oswal Real Estate, an arm of Motilal Oswal Private Equity, has raised Rs 440 crore through its second property fund
Vikram Pandit, JM Financial to invest Rs900 crore in real estate NBFC
Nov 20, 2014
Bengaluru/Mumbai: Vikram Pandit, former chief executive officer of Citigroup Inc., and Mumbai-based JM Financial Ltd are investing Rs.900 crore in the latter’s real estate-focused non-banking financial company (NBFC)
Realty firms at Mangar opt out of land use case
Nov 20, 2014
NEW DELHI: Three real estate companies asked not to be made party to a case before the National Green Tribunal related to changing of land use
More realty space set for govt nod
Nov 20, 2014
NOIDA: As the decks are cleared for construction work to begin on the Noida-Greater Noida Metro, a proposal first made in 2013 to allow more realty space along the corridor could be cleared by the state government
Global firms in talks to invest in Indian realty
Nov 20, 2014
New Delhi: Property and equity firms from Malaysia, Singapore and other Asian countries are weighing the Indian real estate market
Govt for raising allocation for rural housing
Nov 20, 2014
New Delhi: With the National Democratic Alliance government aiming to provide pucca houses to all by India's 75th Independence Day (2022), the rural development ministry is keen to increase the a-unit assistance for construction of houses to at least Rs 2,00,000 in plains
Another boost for Chennai realty: Indiabulls buys 10-acre commercial building for Rs 600 cr
Nov 20, 2014
Chennai: In one of the biggest commercial deals in South India, Indiabulls Distribution Services Ltd, a subsidiary of Indiabulls Securities Ltd, has bought a 10 acre commercial complex in Chennai for Rs 600 crore
Probe against realty firms is in progress: CCI chief Ashok Chawla
Nov 20, 2014
NEW DELHI: Competition Commission of India said the probe into suspected unfair business practices by around 20 realty players is in progress
Steve Waugh launches real estate agency to sell luxury houses to Indian expats
Nov 20, 2014
Waugh Global Realty to sell off-the-plan investment properties, largely apartment complexes in the outer suburbs of India's big cities
Housing development fee to go up from Dec
Nov 19, 2014
LUCKNOW : Now you will have to pay Rs 1,400 per sqm as development fee for getting your house map approved from the Lucknow Development Authority

Latest Realty News Of State

Realty Talk's