India, Oct. 15 -- As many as 25 individuals were booked on Monday for allegedly defrauding a builder to the tune of Rs.1.47 crore in a fraudulent land deal involving three plots in Ulwe.

According to the police, the builder signed an agreement with the accused several years ago, for purchasing three plots in Ulwe. The accused allegedly told the builder that the plots were on sale and accepted payments in installments over the years, said the investigating officer of the case.

"The three plots in question are located in Sector 19, Ulwe (400 sq mtr), Sector 3, Ulwe (300 sq mtr) and Sector 17, Ulwe (700 sq mtr). Even after receiving the total payment of Rs.1.47 crore, the accused did not transfer ownership of the plots to the builder," the...