Navi Mumbai Real Estate News

Pujit Aggarwal of Orbit Corporation arrested for fraud

Pujit Agarwal of Orbit Constructions arrested for Fraud.

Pujit aggarwal

Realty firm Orbit’s MD, Pujit Aggarwal was arrested on Monday, 12th September, for a fraud and cheating case registered by a firm called Capri Global Capital.
The firm, Capri Global Capital had booked 3 flats in Orbit’s Sakinaka project called Orbit Residency Park.The said project was mortgaged to Life Insurance Corporation in 2008 itself .

According to the law, Pujit Aggarwal was supposed to put 2.5 crores paid by Capri Global Capital in an escrow account,but had used it himself instead.

Meanwhile another person called Meena Jain (widow of Rajendra jain) filed an FIR with the police that Pujit and others had duped her of a flat in Orbit Heights at Nana chowk (Tardeo).

Meena’s husband (now deceased) Rajendra Jain had a room in Ramesh Bhavan, Irani chawl at Nana Chowk when Pujit approached the landlord Pradeep Goragandhi with a redevelopment proposal.

Under the proposal,Rajendra Jain was supposed to get a flat in the Orbit heights project measuring 675 sqft carpet area in return for his acceptance of Pujit’s proposal.

Orbit heights
Orbit Heights project at Nana Chowk

They entered into an agreement in 2004 and paid stamp duty and registration for it.But by 2010,Pujit told Meena Jain that the flat could not be allotted to her due to some problems and promised to allot another one instead.

Meena Jain says that she was never given a copy of the registered agreement till date.Later she discovered that the said flat had already been sold to one Dilip Sanghvi who showed them an agreement registered in 2012 for the said flat.Meena jain says that Pujit Aggarwal has cheated her of 3 crores minimum.

Besides these cases, another group of people who had booked apartments in Orbit Residency Park have submitted an application to the Sakinaka police seeking legal action against Orbit, while two independent parties have also filed applications with the Economic Offences Wing of the Mumbai Police.

The Azad Maidan police registered a case against the Aggarwals (Pujit Aggarwal and Ravikiran Aggarwal) for cheating. Subsequently as investigations proceeded, Sections 406, 120(B) of the IPC and sections 3, 4 and 5 of the MOFA (Maharashtra Ownership Act)


Mayur is a real estate professional with more than 15 years of experience at all levels of the Real Estate trade in Navi Mumbai. When not involved in real estate, he is actively involved in social issues of the community where he lives. He can be reached on 9987452642

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