Archive · 3 Sep 2026
Builder Arrested After Allegedly Selling Same Flat Twice
Police arrested builder Uday Krishnarao Parab after searching for him for nearly three years.
He is accused of selling the same flat to two different people.
A businessman named Prashant Avantilal Bora paid Rs 83.34 lakh for the flat.
He paid the money in several instalments between January and March 2020.
The flat was registered in Bora’s name, but he never received it.
He later learned that someone else had already bought the flat.
Police said Parab allegedly stopped answering Bora’s calls and ran away after a case was filed.
The investigation is still continuing.
Uday Krishnarao Parab, owner of Shripad Developers, was arrested in Mumbai after nearly three years on the run.
Businessman Prashant Avantilal Bora paid Rs 83.34 lakh for a flat between January and March 2020.
The flat was registered in Bora’s name, but he allegedly never received possession.
Police said the flat had previously been sold to another buyer before Parab resold it to Bora.
Parab allegedly stopped responding after the registration and fled; further investigation is underway.
- Who
- Builder Uday Krishnarao Parab, owner of Shripad Developers, and complainant Prashant Avantilal Bora.
- What
- Parab was arrested in an alleged Rs 83.34 lakh cheating case involving the alleged resale of one flat to two buyers.
- When
- The payments were made between January and March 2020; Parab was arrested after nearly three years on the run. The report is dated September 3.
- Where
- Mumbai.
- Why
- Police allege that the flat had already been sold to another person before Parab accepted Bora’s payment and resold it.
- Accused
- Uday Krishnarao Parab
- Company
- Shripad Developers
- Complainant
- Prashant Avantilal Bora
- Alleged loss
- Rs 83.34 lakh
- Payment period
- January to March 2020
- Time absconding
- Nearly three years
- Investigation
- Further investigation is underway