32nd Avenue CEO arrested; company says issue settled with complainant
An FIR was registered on January 2 this year on the complaint lodged by one Trom Ventures Private Limited at the Kherki Daula police station. The complainant alleged cheating, criminal breach of trust, forgery, and criminal conspiracy.
Gurgaon Police on Friday arrested Dhruv Sharma, the founder, CEO, and managing director of 32nd Avenue, the commercial real estate project in Gurgaon, in connection with an alleged Rs 2.5-crore case of cheating.
He was produced before a Gurgaon court, which remanded him in six days’ police custody.
The case pertains to a 3,000-sq-ft first-floor unit at the 32nd Milestone complex at Sector 15. The complainant has alleged that the company failed to execute the terms of the sale agreement for a commercial unit, and instead allegedly sold it to 25 other individuals.
An FIR was registered on January 2 this year on the complaint lodged by one Trom Ventures Private Limited at the Kherki Daula police station. The complainant alleged cheating, criminal breach of trust, forgery, and criminal conspiracy.
A spokesperson for 32nd Avenue told The Indian Express on Friday evening that the issue had been amicably resolved with Trom Ventures after a mutual understanding.
Earlier this week, a company spokesperson had said recent delays in making payments to some investors were “driven by a short-term vacancy in a limited portion of our Gurgaon property, arising from normal tenant churn and a change in tenancy”.
“It is unfortunate that a brand widely regarded as both a customer and investor favourite has faced reputational impact due to cyclical vacancy in a minority of spaces, despite decades of strong operational performance and consistent delivery,” the company spokesperson said.
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On the complaint filed by Trom Ventures, a police spokesperson said on Friday afternoon: “The accused company offered to sell the unit for Rs 2.5 crore. On September 21, 2021, the complainant company paid the full amount, and an agreement to sell was executed. However, the conveyance deed was not registered in the complainant’s name despite repeated follow-ups. The accused company continued to make rental payments as per the agreement but delayed the deed execution.”
Abhimanyu Hazarika is a Senior Correspondent with The Indian Express, based in Gurgaon. He covers southern Haryana.
Education
- Post-Graduate Diploma in Print Media, Asian College of Journalism (Class of 2020)
- B.A. (Hons) Liberal Arts with a major in Political Science, Symbiosis School for Liberal Arts (Class of 2019)
Professional Experience
Before joining The Indian Express, he worked with Bar & Bench (legal journalism) and Frontline magazine, where he developed experience in court reporting, legal analysis, and long-form investigative features.
Reporting Interests
His work centres on civic accountability, environmental policy, urban infrastructure and culture, crime and law enforcement, and their intersections with politics and governance in and around Gurgaon.
Recent Coverage (2025)
- Crime: Reported on the recovery of 350 kg of explosives and an AK-47 from a rented house in Faridabad, linked to the 2025 Red Fort car explosion case (November 11, 2025).
- Environmental policy: Covered protests outside a Haryana minister’s residence against a Supreme Court order that environmentalists argue could allow mining and real estate development on large parts of the Aravalli hills (December 21, 2025).
- Pollution control measures: Co-authored coverage of the Rekha Gupta government’s enforcement of vehicle restrictions at Delhi-NCR borders (December 21, 2025).
- Road safety and infrastructure: Examined response lapses in the Delhi-Mumbai Expressway hit-and-run case and ongoing investigations into high-speed road crimes in Gurugram.
- Animal welfare policy: Reported on concerns regarding the low budget allocated for stray dog sterilization by the Municipal Corporation of Gurugram (November 30, 2025).
- Urban culture: Featured the social media-driven popularity of a new Magnolia Bakery outlet in Gurugram (December 15, 2025).
Contact
X (Twitter): @AB_Hazardous ... Read More
