News: Gurugram EOW arrests 32nd Avenue chief Dhruv Dutt Sharma on a company’s Rs 2.5 crore cheating complaint-07-02-2026

Gurugram police’s Economic Offences Wing (EOW) arrested Dhruv Dutt Sharma, chief executive of the firm behind the 32nd Avenue commercial project, on Friday over a cheating complaint by a company about a property sale in the complex. Sharma, 34, lives at DLF Camellias in Sector 42 on Golf Course Road. A local court sent him to six days of police custody.

In its FIR of January 2, Traum Ventures Pvt Ltd said it signed an agreement in September 2021 to buy a 3,000 sq ft commercial unit on the first floor of the 32nd Avenue building for Rs 2.5 crore. It paid Sharma but never received ownership. The case was registered under IPC sections 120-B (criminal conspiracy) and 420 (cheating and dishonestly inducing delivery of property).

Assistant commissioner of police (EOW) Vishal Kumar said the probe found that ownership of the same unit was transferred to at least 25 other investors between 2022 and 2023. Sharma then signed agreements to lease the whole space back in his own name. Police say he owns firms including 32nd Vistas Pvt Ltd and Growth Hospitality LLP, and runs others with his parents and relatives as co-directors. The FIR also names ASP Products, Apra Motels and Apra Automobiles, along with some relatives.

Deputy commissioner of police (West) Karan Goel said this is one of at least five FIRs lodged against Sharma and his firms at Civil Lines police station in the past month. The complaints concern commercial properties in the 32nd Avenue complex, where several restaurants operate, and two other commercial buildings on the same plot. Traum Ventures is among 55 investors who have approached the police. Goel said hundreds may have been affected, the probe is continuing and more FIRs could follow. The Enforcement Directorate has been informed to check for money laundering.

A senior EOW official, who asked not to be named, said early findings suggest investor money was moved between Sharma’s firms, and there are signs it was used to buy plots and hotel properties in Goa and Rajasthan. According to the FIR and statements, the firms paid rent to investors for a few months, citing existing leases, and then stopped. Several investors said they found their units shared among multiple buyers or limited to small portions such as balconies.

In recent days investors and employees of 32nd Avenue have protested over unpaid dues and say Sharma stopped answering calls and messages. His firm did not respond to requests for comment.