Archive · 24 Sep 2025
Mumbai Developer Booked for ₹50 Lakh Flat Fraud
Mahendra Mhatre, a 70-year-old developer, is in trouble.
He is accused of tricking a businesswoman, Sangita Raut, out of ₹50 lakh.
In 2009, he promised her a flat in a redevelopment project, taking the money as an investment.
He signed an agreement promising the flat within two years, or 24% annual interest.
Years passed, and the flat was not built.
Raut asked for her money back since 2015, but Mhatre didn't return it.
Raut filed a police complaint in 2020.
An FIR was filed on September 20.
A 70-year-old developer has been booked for cheating a businesswoman.
The developer allegedly took ₹50 lakh in 2009 for a redevelopment project.
A flat was promised in return, but never provided.
The complainant delayed filing a police report due to family relations.
An FIR for cheating and criminal intimidation was filed on September 20.
- Who
- Mahendra Mhatre and Sangita Raut
- What
- Mhatre is accused of cheating Raut out of ₹50 lakh in a flat investment scam.
- When
- The money was taken in 2009, complaint filed in 2020, and FIR lodged on September 20.
- Where
- Mumbai, Goregaon.
- Why
- Mhatre allegedly took the money under false pretenses of a redevelopment project, failing to provide the flat or return the money.
- Accused
- Mahendra Mhatre, 70-year-old developer
- Complainant
- Sangita Raut, 55-year-old businesswoman
- Amount of Fraud
- ₹50 lakh
- Year of Investment
- 2009
- Office Location
- Goregaon East
- Police Station
- Vanrai Police Station
- Flat promised
- 893 sq ft