Alert Delhi Police have dismantled a multimillion-rupee property fraud ring, arresting a husband-wife pair in Greater Noida for the repeated sale of a single Dwarka flat. This case underscores vulnerabilities in India’s booming housing market.
Two 2024 complaints at Dwarka South painted a picture of betrayal: a seller woman inked ‘agreement to sell’ documents, pocketed advances, then ghosted buyers on registries and refunds. BNS cases were filed, igniting a thorough inquiry.
Supervised by Inspector Rajesh Kumar Sah and ACP Kishor Kumar Rewala, the task force—including SI Naveen Yadav, ASI Mahavir, HCs Praveen Yadav and Bhushan, plus WPC Rupali Devi—deployed surveillance tech and human intel for the bust.
Naresh Kumar Sikri (57) and wife Sharda (55) faced cuffs. Sharda, proclaimed offender on September 24, 2025, had her pre-arrest bail quashed.
Confessions laid bare the scheme: bank-mortgaged flat sold manifold to scrape settlement funds, defrauding up to Rs 2.5 crore. They now languish in judicial lockup.
Prior cons are under scanner, with victim outreach and asset recovery in full swing. This takedown could ripple through similar rackets plaguing aspiring homeowners.