Police have registered a case against a real estate company director and two others for allegedly cheating a man of Rs 1.47 crore after promising him six flats with the amount in Navi Mumbai a decade ago, officials said on Sunday, reported news agency PTI.

The accused lured the 57-year-old transport firm owner from CBD Belapur in Navi Mumbai with the promises of multiple flats and collected the sum between June 2011 and January 2016, they said, reported PTI.

The victim was assured that a formal Agreement for Sale would be executed and possession of the flats would be handed over.