Never Miss a Headline!

Vasai-Virar housing scam: The making of a housing conman

Updated On: 10 August, 2023 06:58 AM IST | Shirish Vaktania

Prashant Patil came to Virar in 2010 and started as a real estate agent, before luring small landowner into a proof-of-concept scam, over which his current fraudulent empire stands

Police escort (grey T-shirt) Prashant Patil and other accused; mid-day’s August 8 and August 9 reports on the scam. Pics/Hanif Patel

Prashant Madhukar Patil, son of a farmer from Kudal in Sindhudurg district, came to Virar in search of a job in 2010. Soon, he realised the scope for real estate growth in Vasai-Virar and set up his office in Kopri village. Patil was in his early 20s when he got his first big client, with whose help he made it big in the real estate sector, but by all the wrong means. However, it was a case of power theft that brought down Patil’s Rs 3,000-crore housing empire.

Prashant Patil, the mastermind of the Rs 3,000-cr scam (right) Machhindra Vhanmane, on whose agricultural land Patil built first apartments
Prashant Patil, the mastermind of the Rs 3,000-cr scam (right) Machhindra Vhanmane, on whose agricultural land Patil built first apartments
 
Patil, who came to Virar with his brother, fell in love with a woman and they got married. They even have a child together,” a cop told mid-day. Giving further details about his alleged scam, one of the police sources said, “One day, Machhindra Vhanmane approached Patil to sell his eight-guntha agricultural land in Kopri village, Virar East. Patil visited the site with Vhanmane and offered to construct flats on the land for sale to buyers.”

Trending Stories

Skand Thakur: We have to prove ourselves even for a one-minute role

India thrash Japan 5-1 in Asian Champions Trophy

"The rise of ...": Khawaja feels this has boosted Australia to defeat India

Murali worried about Test cricket’s future

"The kind of cricket Bangladesh have played is impressive": Shubman Gill

Apple iPhone 16 launch: Know the features, prices and availability in India

Up and about: Bye bye Bappa!

Have you heard? Powerful combo

Latest Web Stories

Kim Kardashian turns into a soccer mom

1 years ago

5 reasons Sargun Mehta is a boss lady!

1 years ago

Aadar and Alekha's loved-up pics

1 years ago

Ananya Panday with her late dog Fudge

1 years ago

Latest Photos

06 August, 2026 08:34 PM IST | In Photos: Hiroshima Day Silent Peace March 2026

Preshit Deorukhkar

17 December, 2025 11:56 AM IST | IN PHOTOS: MLAs at Vidhan Bhavan during Maharashtra Legislative Council polls

Asif Ali Sayed

09 September, 2024 09:32 PM IST | IN PHOTOS: People in Mumbai celebrate Gauri Puja during Ganeshotsav

Asif Ali Sayed

09 September, 2024 09:13 PM IST | IN PHOTOS: Mumbai witnesses sunny weather as rains take a break

Asif Ali Sayed

Latest Videos

Imran Khan To LEAVE JAIL In 48 Hours | Pakistan Supreme Court Issues BIG ORDER Over Health Concerns

Odisha Flood Crisis: Rivers SWALLOW Villages, 3.3 Lakh Evacuated, 9.4 Lakh Hit As Rain Batters State

Ayodhya Ram Mandir Donation Theft: Champat Rai Walks Free, Eight Remain Accused

“US Needs Voter ID Like India” Trump PRAISES India's Elections As SAVE America Act Push Intensifies

Israeli Drones POUND Khan Younis in Gaza, October 7 Commander Killed | Gaza Truce Faces Fresh Test

Mid-day Fast

Entertainment

Deepika & Ranveer's daughter is boon to her parents, predicts astrologer

Lifestyle

The art of accessorising traditional attire for Ganesh Chaturthi

Entertainment

IC 814 actor Rajiv Thakur shares, 'Maine toh real hijack...'

Latest Headlines

23 August, 2026 09:06 AM IST | mid-day online correspondent

19 August, 2026 11:50 AM IST | Test Tushar

Kindly mail us your feedback

Follow Us:

Home

Photos

E-Paper

Videos

MD Fast