Real Estate Maharashtra
Real Estate Director in Thane Arrested for Fraudulent Permits Scam
Thane’s real estate director, Umrao Singh Prithviraj Ostwal, has been arrested for defrauding buyers with fake construction permits. Thirteen criminal cases are linked to him, affecting numerous unsuspecting property purchasers.
real estate news
Real Estate Director Arrested for Fraudulent Permits in Thane
Thane's real estate director, Umrao Singh Prithviraj Ostwal, has been arrested for defrauding buyers with fake construction permits. 13 criminal cases are linked to him in Thane.
real estate news
Maharashtra Real Estate Scandal: Director Arrested for Massive Fraud
A prominent real estate director in Thane, Maharashtra, has been arrested for orchestrating a large-scale fraud involving the sale of apartments built with forged permits.
Real Estate Mumbai
Mumbai Real Estate Scandal: Builder Cheats Trader of ₹37.90 Lakh in Bogus Investment
Dadar Police have booked a Borivali-based builder for defrauding a share market trader of ₹37.90 lakh in a bogus real estate project.
real estate news
Mumbai Builder Booked for ₹37.90 Lakh Real Estate Investment Scam
The Dadar Police have registered a case against a Borivali-based builder for cheating a share market trader of ₹37.90 lakh in a fraudulent real estate investment scheme.
real estate news
Top 5 Builders Dominate ₹52,842 Crore Housing Sales in Q1 FY26
India's 28 listed real estate companies have collectively sold properties worth nearly ₹53,000 crore in the April-June quarter, with Prestige Estates and DLF leading the charge.
real estate news
Beware of 'No EMI till Possession' Schemes: Reddit User Warns Homebuyers
A Reddit user has warned Indian homebuyers about the pitfalls of 'No EMI till possession' schemes, cautioning that these can trap buyers into paying EMIs for homes they may never receive.
Real Estate Mumbai
Mumbai's Redevelopment Boom: Higher FSI Schemes Bring Windfalls for Builders
Mumbai's redevelopment market is booming thanks to higher FSI schemes, offering lucrative opportunities for builders and increased space for residents. However, concerns over population density and infrastructure load remain.
Real Estate Pune
ITAT Significantly Reduces Tax Demand on Real Estate Firm, Rejects 'On-Money' Extrapolation
The Income Tax Appellate Tribunal (ITAT), Pune Bench, has significantly reduced the tax demand on Meenamani Ganga Builder LLP, a real estate firm, by rejecting the Income Tax Department's claims of 'on-money' receipts without concrete evidence. The tribunal also dismissed the department's attempt to extrapolate the alleged unaccounted income to other transactions.
Real Estate Mumbai
Mumbai Residents Raise Red Flags Over Managing Committee-Builder Nexus in Redevelopment Deals
Mumbai's real estate industry is booming, but the role of managing committees in housing societies has come under scrutiny. Residents are concerned about potential conflicts of interest and underhand deals between committee members and builders.
real estate news
CBI Registers 22 FIRs Against Builders in NCR for Housing Scam
The Central Bureau of Investigation (CBI) has registered 22 FIRs against various builders in the National Capital Region (NCR) and unknown functionaries of financial institutions, following the Supreme Court's directive to investigate the alleged cheating and defrauding of homebuyers.
Real Estate
TGRERA Fines Hyderabad Builders Rs 2.85 Lakh for Non-Registration and Violations
The Telangana Real Estate Regulation Authority (TGRERA) has imposed a penalty of Rs 2,85,992 on two Hyderabad-based builders for failing to register the Showri Pearl apartment and for various other violations, including unauthorized construction and lack of parking facilities.
Real Estate
TGRERA Slaps Rs 5 Lakh Penalty on Hyderabad Builders for False Information
The Telangana Real Estate Regulatory Authority (TGRERA) has imposed a penalty of Rs 5.97 lakh on two Hyderabad-based builders for submitting false information and failing to complete a project within the stipulated time.
Real Estate
RERA Exposes Major Real Estate Frauds in Telangana
Three recent rulings by the Telangana Real Estate Regulatory Authority (TGRERA) highlight serious violations by builders, including unregistered projects, long delays, and lack of infrastructure, causing distress to homebuyers.
Real Estate Pune
Beta Group Secures 10% Stake in Anta Builders: A Strategic Move in the Real Estate Sector
Beta Group, a leading real estate developer, has acquired a 10% stake in Anta Builders, a prominent construction company with operations in Pune, Mumbai, and Gurugram. This strategic move is expected to bolster Beta Group's real estate ventures and infrastructure investments.
Real Estate
Supreme Court Approves CBI to Register 22 Cases in NCR Builder-Bank Fraud
The Supreme Court has granted the CBI permission to register 22 cases related to the fraudulent activities involving builders and banks in the National Capital Region (NCR).
real estate news
Beta Group Expands into Indian Real Estate with Strategic Investment in Anta Builders
Beta Group, a $4 billion global conglomerate, announces its entry into the Indian real estate market through a strategic investment in Anta Builders, a leading construction and property development firm based in Kerala.
Real Estate
TG RERA Penalizes Hyderabad Builders for RERA Violations
The Telangana Real Estate Regulatory Authority (TG RERA) has imposed fines on three Hyderabad-based builders for violating RERA norms, including selling villas without HMDA approval, non-registration of layouts, and acquiring disputed land.
Real Estate
Hyderabad Real Estate Developer Takes His Life Amid Financial Woes
A 47-year-old real estate developer in Hyderabad ended his life by hanging himself in his flat in Injapur, reportedly due to financial distress caused by a slump in his business.
Real Estate Mumbai
HoABL and Mittal Builders Join Forces for a Mega Township Project in Naigaon
The House of Abhinandan Lodha (HoABL) and Mittal Builders have signed a joint development agreement to create a 3 million sq ft integrated township in Naigaon, near Mumbai, with an investment of ₹2,000 crore.