Delhi’s law enforcement has cracked down on a sophisticated property con, apprehending a husband and wife from Greater Noida accused of offloading the same apartment to several unsuspecting buyers. The fraud, amounting to crores, highlights growing concerns over real estate malpractices in urban India.
It all began with complaints lodged at Dwarka South station in 2024, where aggrieved purchasers detailed how a woman lured them with sale agreements, took substantial advances, and vanished without completing paperwork or returning funds. Prompt FIRs under fraud provisions triggered a high-stakes probe.
A dedicated squad, led by Inspector Rajesh Kumar Sah and overseen by ACP Kishor Kumar Rewala, swung into action. With SI Naveen Yadav, ASI Mahavir, and constables Praveen Yadav, Bhushan, and Rupali Devi, they leveraged digital tracking and local intelligence to zero in on the perpetrators’ hideout.
Naresh Kumar Sikri, 57, and Sharda Sikri, 55, were hauled in during a dawn operation. Notably, Sharda was a fugitive, proclaimed offender since September 2025, her bail bid dismissed earlier.
Grilling revealed their modus operandi: the flat was bank-pledged, prompting them to hawk it multiple times for quick cash to clear debts. The haul from victims: around Rs 2.5 crore. Post-remand, judicial custody followed.
Police suspect prior victims and are piecing together the financial trail for recoveries. This arrest signals a renewed push against property sharks preying on homebuyers’ dreams.