Property fraud! Gurugram flat that never existed sold for ₹12cr
What's the story
The Delhi Police have busted a massive property scam, where a gang sold a non-existent luxury apartment at DLF Camellias in Gurugram for ₹12 crore. The accused used forged bank auction documents to dupe the victim. Investigators suspect the same syndicate may have defrauded several people across multiple states, with the total fraud amount exceeding ₹200 crore.
Scam details
Victim's trust exploited with fake documents
The victim was shown fake auction papers of a high-end apartment at DLF Camellias, one of NCR's most premium residential projects. They were told that the property had been bought in a bank auction by the accused firm and could be transferred immediately. Trusting these assurances, the victim transferred ₹12 crore between August and October last year through RTGS and demand drafts.
Uncovering the scheme
Investigation reveals forgery and money laundering
However, when the victim contacted the bank for verification, they found out that all documents were forged. The police confirmed that no such auction had taken place and all sale certificates, covering letters, and auction receipts were fake. A detailed financial probe traced the money to several bank accounts linked to a finance and licensing company run by prime accused Mohit Gogia.
Arrest and operation
Gogia's arrest and syndicate's modus operandi
Gogia was arrested on November 22 while allegedly trying to flee from Mumbai toward Uttarakhand. He revealed details about his associates during questioning. The police said the gang lured victims with offers of luxury properties at prices much lower than market value, using forged bank mortgage and auction papers to make deals appear genuine.
Additional arrests
Four others arrested, wider fraud suspected
Four more accused have been arrested in connection with this case. These include Vishal Malhotra and Sachin Gulati who allegedly allowed their bank accounts to be used for laundering money; Abhinav Pathak who introduced the complainant to Gogia; and Bharat Chhabra who helped prepare forged documents. The police suspect similar frauds were carried out involving properties near Ambience Mall and other prime locations in Delhi-NCR.
Continued investigation
Ongoing efforts to apprehend remaining suspects
The crime branch is now working to arrest the remaining suspects, recover the cheated money, and identify more victims linked to this multi-state fraud network. The accused lured victims with premium properties at extremely low rates, produced forged documents, fake allotment letters, and bogus registration drafts. "The accused lured victims on the pretext of premium properties at extremely low rates," said DCP Gautam.