Failing to independently verify the status of a bank loan before purchasing a property allegedly cost a buyer ₹1.10 crore. Gurugram Police have arrested a Delhi-based couple in connection with an alleged fraud involving the sale of a flat in Sushant Lok Phase-2. The couple allegedly concealed the outstanding bank loan and used fabricated bank documents to convince the complainant that the loan would be cleared. A subsequent verification with the bank reportedly revealed that ₹35.70 lakh was still outstanding against the property.
The arrested accused have been identified as Delhi residents Bhanu Priya Narang and her husband Dhruv Sharma. According to police, the couple had agreed to sell a flat in Sushant Lok Phase-2 to the complainant and his wife for ₹1.10 crore. During negotiations, the accused allegedly informed the buyer that the property had an existing bank loan but assured him that the outstanding amount would be repaid. They also allegedly promised to provide the bank’s No Objection Certificate (NOC) and original property documents after the loan was cleared.
Fake Bank Statements Allegedly Used to Gain Trust
According to the complaint, the buyer relied on the assurances and paid the entire amount to the accused in installments on different dates. Police said the accused allegedly showed fabricated bank statements and screenshots related to foreclosure proceedings to convince the complainant that the loan repayment process had been completed or was close to completion.
The complainant allegedly believed that the bank dues had been settled and that the original documents and NOC would subsequently be provided. On January 23, 2025, the sale deed for the flat was executed in the names of the complainant and his wife.
The alleged fraud came to light when the buyer later independently verified the property’s loan status with the bank. Bank records reportedly showed that approximately ₹35.70 lakh was still outstanding against the flat. The complainant then approached the police, alleging that he had been induced to purchase the property through false information and fabricated documents.
Case Registered After Complaint
According to police, the complaint was submitted on April 4. Following an investigation, a case was registered at Sector 56 police station under relevant provisions concerning cheating and fraud. Investigators examined the alleged role of the couple as well as the documents and financial records connected with the transaction.
Police subsequently arrested both accused from Delhi on Tuesday night. Investigators are now examining how the alleged fake bank statements and foreclosure screenshots were created and whether any other person or organisation was involved in preparing or using the documents.
Independent Verification Important in Property Deals
The case highlights the risks of relying solely on bank statements, screenshots or other documents provided by a property seller. Buyers should independently confirm the loan status, outstanding amount, foreclosure process and issuance of the bank’s NOC directly with the lending institution.
Verification of original property documents, registration records and the legal status of the property is also important before making a major payment. Independent legal and financial verification can help identify outstanding loans, disputed ownership or other liabilities linked to a property.
Gurugram Police are examining the financial transactions, bank records, property documents and alleged fabricated screenshots associated with the case. The allegations against the accused remain subject to investigation and judicial proceedings, and their final culpability will be determined through the legal process.
