Sun Feb 08 13:12:06 UTC 2026: ### Headline: Real Estate Mogul Dhruv Dutt Sharma Arrested in Multi-Buyer Fraud Scheme

The Story

Dhruv Dutt Sharma, the founder and CEO of commercial real estate project 32nd Avenue and director of 32nd Milestone, has been apprehended by authorities for allegedly defrauding multiple investors. Sharma is accused of selling a single floor of a building to over 25 different individuals. The arrest marks a significant development in what appears to be a large-scale real estate scam, potentially impacting numerous investors and raising concerns about due diligence in commercial property transactions.

Key Points

  • Dhruv Dutt Sharma, founder and CEO of 32nd Avenue and director of 32nd Milestone, has been arrested.
  • He is accused of selling a single floor of a building to over 25 individuals.
  • The arrest is related to a commercial real estate project.

Key Takeaways

  • The arrest highlights the risk of fraud in real estate investments.
  • It emphasizes the importance of conducting thorough due diligence before investing in property.
  • This case could lead to increased scrutiny of real estate developers and their practices.

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