Mumbai, Dec 4 (PTI) A case has been registered against a real estate firm and its two directors for allegedly duping 19 individuals out of Rs 31 crore by promising high returns on investment in a redevelopment project, officials said on Thursday.

The Economic Offences Wing (EOW) of the Mumbai police is probing the case, they said.

A 71-year-old man, who lives in the western suburb of Andheri East, recently approached the police, accusing M/s Ranbeer Real Estate Developers LLP and two of its directors of cheating him and 18 others.

The complainant told the police that the accused had assured an annual return of 18 per cent on the investment in their redevelopment project and had also promised quarterly payments, an official said.

Between March 2021 and May 2023, the accused allegedly co

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