Delhi’s ₹200-crore property fraud: How an elite lutyens’ bungalow became centre of an alleged scam

NEW DELHI, August 10 : Delhi Police’s Economic Offences Wing (EOW) is probing an alleged ₹200-crore property fraud in which a businessman reportedly used the appeal of some of the capital’s most expensive properties to allegedly deceive wealthy real estate investors.

 

 

Police have arrested businessman Mohit Gogia, his wife Shweta and several others in connection with the case. Investigators are examining at least 12 alleged cheating cases linked to Gogia across different parts of India.

 

 

The alleged scam came to light after Gogia approached realtor Sonakshi Bansal, daughter of Unity Group co-founder Krishna Kumar Agrawal. According to the complaint, Gogia claimed that the highly sought-after bungalow at No. 9, Amrita Shergill Marg, along with adjoining No. 9A, had been mortgaged and would be auctioned by the State Bank of India for around ₹75 crore.

 

Police said Gogia allegedly backed his claim with forged documents and assured the family that he had access to the bank’s auction process.

 

Bansal allegedly paid around ₹43 crore by October 2024. However, possession of the property never materialised. Gogia allegedly cited tax raids, outstanding mortgages and other delays before issuing post-dated cheques that later bounced.

 

 

Police said SBI subsequently confirmed that the bungalow had never been listed for auction, although it had been mortgaged as collateral for a third-party loan.

 

Investigators allege that Gogia targeted experienced property dealers by offering premium properties at unusually attractive prices. Apart from Amrita Shergill Marg, alleged victims were offered properties in DLF Magnolias, DLF Camellias and Gurgaon’s Sector 63.

 

One alleged victim reportedly paid ₹12.5 crore for a promised apartment in DLF Camellias, while another transaction involving Gurgaon land was valued at ₹60 crore.

 

Police have arrested multiple accused and are investigating the alleged role of financier Ram Singh, whom investigators suspect may have played a larger role. Singh has denied the allegations.

 

According to police, the alleged operation involved identifying mortgaged or disputed properties, preparing forged documents and collecting advance payments from prospective buyers.