AURANGABAD: The city police have booked two developers for duping a woman of over Rs 44 lakh.
The developers have been booked on charges of cheating and criminal breach of trust. “Based on the complaint lodged by the woman, an offence against the suspected duo from Jalna district has been registered with Satara area police station of the city,” said investigation officer and police sub-inspector Vikram Wadne.
Nanda Vaishnav (58), a resident of Sainagar in Cidco area of the city, purchased a plot sizing over 175 square metre in gat number 102 of Satara area on April 30, 2014.
A few months later, the suspects, who are her son’s friends, reached out to her offering to develop the plot. The duos, who are siblings, proposed to construct eight flats, of which, four were assured to be given to Vaishnav.
The woman said in the agreement deed signed on September 30, 2014, the duo had taken the responsibility to bear all the construction expenses and assured of completing the construction in 18 months.
After the construction started, the two flats on the first floor were sold at Rs 27.50 lakh and Rs 17 lakh. The suspects at the end of 2015 sought a hand loan from Vaishnav for completing the structure. The suspects assured of returning the amount once the flats were sold out.
Falling prey to the trap, she agreed to transfer Rs 27.50 lakh to the duo’s account between January and May 2016. During the development of the project, the suspects allegedly even made her pay the bills for sand, bricks and other construction material.
Later the duo, not only failed to complete the project but also defaulted on returning Rs 44.50 lakh. Failing to get back her money, the woman reached out to the police and lodged a complaint.
