Monday, May 4, 2026
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Pune Land Disputes: Bridge Water Realty Faces Multiple Probe In ₹17 Cr Fraud Case & POA Misuse Allegations
Multiple legal proceedings are underway against Ranjeet Darak and Nitin Chavan of Bridge Water Realty LLP over alleged fraud and document manipulation linked to land parcels in Lohgaon and Vadgaonsheri.
In the Lohgaon case, the Economic Offences Wing (EOW) has registered an FIR based on a complaint by Subodh Runwal, Director of Runwal Enterprises Ltd, alleging a ₹17 crore fraud. The dispute traces back to a 2007 joint venture with the late Satish Mittal, where Runwal Enterprises paid a ₹10 crore refundable deposit and spent over ₹7 crore on developing the land. After Mittal’s death, his heirs Meenadevi Satish Mittal, Ashish Satish Mittal, Kavita Ankush Agarwal and Nitin Satish Mittal, are alleged to have transferred development rights to Bridge Water Realty LLP without settling Runwal Enterprises’ dues or honouring the original agreement.
Investigators have noted that Runwal Enterprises continues to remain in physical possession of the land, with site checks confirming its presence on the ground. The probe has also flagged alleged irregularities such as unauthorised transfer of rights, use of questionable documents to change utility connections and threats made to the company. The police have filed charges related to cheating, conspiracy and forgery, and the investigation is underway.
In a separate case in Vadgaonsheri, a complaint by Jagdish Galande alleges misuse of a limited Power of Attorney (POA) for ancestral land. He claims the accused used the POA beyond its scope to execute a fresh exchange deed without consent, altering key terms and attaching documents without approval. The complaint also raises concerns over alleged forged signatures. A civil suit has been filed seeking cancellation of the documents and a halt on any development activity.
Both criminal and civil proceedings are pending in court.
Last month, Bombay High Court had set aside an ex-parte order of the Pune District Court that had restricted Runwal Enterprises from dealing with the Lohgaon land. The Court had observed that the earlier order was passed without notice or proper reasoning and had directed both sides to maintain status quo while the matter is heard again.
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