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Navi Mumbai Real Estate News

Panvel builder arrested for cheating buyers

A panvel builder,Narendra Mehta (alias Raj Mehta) and his son,Raunak Mehta 23 yrs old,have been arrested and remanded in police custody till february 27.Narendra Mehta is accused of cheating 200 investors of 5 crores by promising them plots in Panvel.The builder allegedly took buyers to the site and told them that he was the owner of the plot.It turned out that the farmer had only received 60 lakhs and that the plot was still under his ownership.
Despite recent scams,buyers continue to trust builders blindly and lose their hard earned  money in the process.

By Mayur Panghaal

Mayur is a real estate professional with more than 20 years of experience at all levels of the trade in Navi Mumbai. He is the proprietor of Sky Properties Real Estate Services in Navi Mumbai. You can get in touch on 9987452642.

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