Archive · 10 Oct 2026
BKC Police Book Four in Alleged Pune Property Fraud
Two investors paid money for flats in a building project in Pune.
The complaint says they were promised two flats in Kalyani Nagar.
They allegedly paid about ₹5.06 crore, but did not receive the flats.
The complaint also says the project was changed from homes to commercial property.
The investors allegedly were not offered other property or their money back.
Mumbai's BKC police have registered a case against four people.
The case includes allegations of cheating and breach of trust.
Police are investigating, and the allegations have not been established in court.
Mumbai's BKC police registered a case against four Pune residents over alleged investor cheating.
The complaint says two investors paid ₹5,06,56,000 toward two flats in a Kalyani Nagar project.
The flats were described as 3,818.12 square feet each, with terrace parking, and the agreed total price was ₹13,95,54,000.
The complainant alleges the flats were not handed over and the project was changed from residential to commercial without investor consent.
Police say the investors were not given alternative commercial property or a refund; the allegations are under investigation.
- Who
- Two investors, Avinash Gandhi and Amit Gandhi, are complainants in the alleged transaction; four Pune residents have been named as accused.
- What
- BKC police registered a case alleging that investors paid ₹5,06,56,000 for two flats that were not handed over and were not refunded.
- When
- The alleged arrangement dates to January 1, 2015; the article is dated October 9, 2026.
- Where
- The project is in Kalyani Nagar, Pune; the case was registered by BKC police in Mumbai.
- Why
- The complaint alleges the flats were not delivered, the project was converted from residential to commercial without investor consent, and the money was not refunded.
- Amount allegedly paid
- ₹5,06,56,000
- Agreed total price
- ₹13,95,54,000 for two flats
- Promised properties
- Two flats on the ninth floor, each measuring 3,818.12 square feet and including terrace parking
- Project location
- Kalyani Nagar, Pune
- Accused named
- Sanjay Kakade, Chandrakant Kanhaiya Boda, Ramesh Bhosale and Atul Bohra
- Police case
- Registered under IPC Sections 420, 406 and 34, according to the article
- Investigation status
- BKC police are investigating the allegations