September 22, 2025, Vasundhara (Ghaziabad): A serious case of property fraud has been uncovered in Vasundhara’s Sector 1, where dealer Mohit Gupta, along with Vimal Handa, has been accused of forging documents to secure a fraudulent loan of nearly ₹77.5 lakh. Police intervention stopped the attempt in time, preventing financial loss to the rightful owner.
The scam involved two Agreements to Sell (ATS). While the genuine ATS recorded the property’s value at ₹75 lakh, an altered version allegedly prepared by Gupta and Handa reduced the figure to ₹49 lakh. This forged document was submitted to Hinduja Housing Finance without the property owner’s knowledge or consent.
The fraud was exposed when the finance company contacted the actual owner for loan finalization. On verification, the owner found that the submitted ATS did not carry his signature and undervalued the property. He immediately alerted the bank and filed a complaint with Vasundhara Police Station.
ACP Abhishek Srivastava led the swift response, freezing the loan process and starting a detailed probe. “We are verifying all documents. The matter is under investigation,” Srivastava said. The forged papers have been seized and sent for forensic testing.
Police sources confirmed that Mohit Gupta and Vimal Handa, linked with the Handa family, are under watch and will be questioned further. No loan disbursement took place, and the property remains secure in the owner’s name.
Experts say such scams are increasing in NCR, especially in Vasundhara and Indirapuram. A 2024 NCRB report highlighted a 19% rise in property-related document forgeries in Ghaziabad.
Officials advised homeowners to cross-check ATS and sale deeds with legal experts, monitor credit reports for suspicious loan activity, and verify property records regularly at the sub-registrar’s office. Police stressed that early reporting is key to preventing such frauds.