Mumbai authorities have apprehended a developer in connection with a significant real estate fraud case involving a 55-year-old investor. The scheme centered on a promised Bandra flat and guaranteed double returns, highlighting risks in unregistered property ventures.

Mumbai's Economic Offences Wing has arrested a Kolhapur-based developer in connection with a significant ₹55 crore fraud scheme in a Versova redevelopment project. The developer allegedly aided in forging documents to illegally mortgage and sell society members' flats, marking the second arrest in this high-profile case.

Mumbai's Esplanade Court has extended police custody for former Lodha Developers director Rajendra Lodha as authorities investigate alleged financial fraud involving gold bars and benami companies.

The Bombay High Court has rejected bail for a real estate agent accused of duping a Vile Parle restaurant owner of Rs 82 lakh under the pretext of bribing BMC officials for a property transfer, citing a wider conspiracy.