Rajendra Lodha faces fresh FIR over alleged ₹6.67-crore property fraud
The company alleged that the buyers paid Rs 36 lakh towards the property, following which a dispute arose over the remaining amount
- Nov 6, 2026,
- Updated Nov 6, 2026 8:04 PM IST
Mumbai Police have registered a fresh FIR against former Lodha Developers director Rajendra Lodha and five others over alleged financial irregularities amounting to Rs 6.67 crore involving a luxury flat in Lower Parel and a land transaction in Bhiwandi, Thane district, as reported by India Today.
The complaint was filed by Lodha Developers, which has accused the former director of causing financial losses to the company through disputed property dealings.
The FIR was registered at Mumbai’s NM Joshi Marg police station on October 22. The alleged irregularities relate to transactions dating back to 2019, when the company was involved in a land development deal and the sale of a flat in its Lodha Park project.
Dispute over Lower Parel flat
According to the complaint, a flat in the Lower Parel project, reportedly valued at Rs 6.86 crore, was sold to Sacvir Builders and Developers LLP for Rs 5.36 crore. This represented a discount of Rs 1.5 crore from the reported valuation.
The company alleged that the buyers paid Rs 36 lakh towards the property, following which a dispute arose over the remaining amount. Rajendra Lodha allegedly claimed that Sacvir Builders had provided brokerage services in connection with a separate land development transaction in Bhiwandi.
According to the complaint, the brokerage was valued at Rs 5 crore, and Lodha allegedly instructed the company to adjust this amount against the outstanding payment for the flat. Lodha Developers has alleged that the arrangement resulted in a financial loss to the company.
The complaint further alleges that the transaction was completed despite the disputed payment arrangement. Investigators are expected to examine the property valuation, the brokerage claim and the circumstances under which the flat was allotted.
ALSO READ: 'Affordable housing is destroyed, it doesn't exist': Hiranandani warns of looming housing disaster
Bhiwandi land deal under scanner
The FIR also refers to a land transaction in the Mankoli area of Bhiwandi. According to the complaint, Rajendra Lodha introduced an individual identified as Nitin Narayan Keni, claiming that he had the land. Lodha Developers allegedly paid Keni Rs 17 lakh in connection with the transaction.
The company has alleged that the Lower Parel flat deal and the Bhiwandi land transaction together caused losses of Rs 6.67 crore. The police are investigating the allegations and the roles of the individuals named in the complaint.
Mumbai Police have registered a fresh FIR against former Lodha Developers director Rajendra Lodha and five others over alleged financial irregularities amounting to Rs 6.67 crore involving a luxury flat in Lower Parel and a land transaction in Bhiwandi, Thane district, as reported by India Today.
The complaint was filed by Lodha Developers, which has accused the former director of causing financial losses to the company through disputed property dealings.
The FIR was registered at Mumbai’s NM Joshi Marg police station on October 22. The alleged irregularities relate to transactions dating back to 2019, when the company was involved in a land development deal and the sale of a flat in its Lodha Park project.
Dispute over Lower Parel flat
According to the complaint, a flat in the Lower Parel project, reportedly valued at Rs 6.86 crore, was sold to Sacvir Builders and Developers LLP for Rs 5.36 crore. This represented a discount of Rs 1.5 crore from the reported valuation.
The company alleged that the buyers paid Rs 36 lakh towards the property, following which a dispute arose over the remaining amount. Rajendra Lodha allegedly claimed that Sacvir Builders had provided brokerage services in connection with a separate land development transaction in Bhiwandi.
According to the complaint, the brokerage was valued at Rs 5 crore, and Lodha allegedly instructed the company to adjust this amount against the outstanding payment for the flat. Lodha Developers has alleged that the arrangement resulted in a financial loss to the company.
The complaint further alleges that the transaction was completed despite the disputed payment arrangement. Investigators are expected to examine the property valuation, the brokerage claim and the circumstances under which the flat was allotted.
ALSO READ: 'Affordable housing is destroyed, it doesn't exist': Hiranandani warns of looming housing disaster
Bhiwandi land deal under scanner
The FIR also refers to a land transaction in the Mankoli area of Bhiwandi. According to the complaint, Rajendra Lodha introduced an individual identified as Nitin Narayan Keni, claiming that he had the land. Lodha Developers allegedly paid Keni Rs 17 lakh in connection with the transaction.
The company has alleged that the Lower Parel flat deal and the Bhiwandi land transaction together caused losses of Rs 6.67 crore. The police are investigating the allegations and the roles of the individuals named in the complaint.