Woman secretly sells off family property worth Rs 100 crore in prime central Mumbai | Mumbai News –

Woman secretly sells off family property worth Rs 100 crore in prime central Mumbai | Mumbai News –

MUMBAI: A 58-year-old woman who connived with her brothers and allegedly sold off a huge piece of property worth Rs 100 crore to a developer without informing her cousin brothers and sisters, who had equal share in the said property, was arrested from Mysore hotel by the Mumbai police.
Police are now probing the involvement of her other kin in the case. The property measuring more than 2 acres is located in prime central Mumbai with three existing tenanted buildings.
The general cheating cell of the EOW arrested Abida Jaffar Ismail, a native of Mysore in Karnataka. She was produced before the 47th Metropolitan court last week and sent to judicial custody.
Police said the complainant in the case is Abida’s cousin brother Ayaz Kapadia. The huge property is in the joint name of Ayaz Kapadia’s late father Jaffar Kapadia and his brother Latif Kapadia.
The joint property, consisting of three CTS number, is situated at Delai Road in Lower Parel, a prime central Mumbai location which has now turned into a business hub. The tenanted buildings (Zia Masoom Chawl, Bhaiya Chapra Chawl and Irani chawl) consist of several tenants who have been regularly paying monthly rents to Latif’s family, and Latif’s eldest son Aziz (74) would handle maintenance and other issues of these properties. “Latif has three brothers and two sisters namely – Aziz, Rahim, Amina, Abida and Malik. Jaffar, on the other hand, is survived by Farzana, Rukshana, Rehana, Amin, Anwar, Mehzabeen and Ayaz, who is the complainant in the case,” said an officer probing the case.
Ayaz recently learnt that Latif and his family allegedly signed a deal with Big Tree Developers by preparing a false declaration of 100% ownership of all the three premises by registering the said documents in the office of the joint sub registrar, old customs office without their knowledge, thus cheating them of their shares, alleged Ayaz in his complaint. Ayaz has also filed legal proceedings against Rahim Latif Kapadia, Amina Usman, Abida Jaffar Ismail and Malik Latif Kapadia. Police said Amina, who has power of attorney of her brothers and has signed the documents with the developer, has accepted Rs 3.5 crore and was promised two flats in the new buildings. It is not clear what was the deal amount, but police have calculated the estimated price of the three properties to be Rs 50 crore.
During preliminary inquiries, it was learnt that Amina and her two brothers, Rahim and Malik, were in need of money, so they conspired to secretly sign a deal with the developer, who is now stuck in litigation. Police said the accused had similarly tried to sell off the same property to another developer earlier, but the deal didn’t fructify. The case is pending in the high court.

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