A major land fraud involving the illegal tampering of property records in Mumbai's coastal areas has been uncovered, resulting in the arrest of four individuals, including former government employees.
Land ScamCoastal Regulation ZoneReal Estate FraudMumbaiProperty RecordsReal Estate MaharashtraJan 06, 2025
The major issue uncovered is the illegal tampering of property records in Mumbai's coastal areas, involving 102 property maps, including city survey numbers.
Four individuals, including two former Maharashtra government employees, were arrested as part of this land scam investigation.
The areas affected include Malad, Marve, and Versova, which are coastal regions in Mumbai.
The Bombay High Court has expressed urgency and called for full cooperation from the Brihanmumbai Municipal Corporation (BMC) and the Coastal Zone Regulation Authority in the ongoing investigation.
The Coastal Zone Regulation Authority is a regulatory body tasked with protecting and managing coastal areas, ensuring that development activities adhere to the Coastal Regulation Zone (CRZ) norms.
Sattva Group, a Bengaluru-based realty player, is gearing up to float a REIT for its commercial assets and plans to invest Rs 12,000-14,000 crore in the next 2-3 years.
Arbour Investments, India's premier real estate investment firm, partners with VDV Group to launch luxurious development 'The Altitude' in South Mumbai's Tardeo area.
The housing market in Delhi NCR experienced a surge in the first half of 2024, with Gurugram leading the way by accounting for 55% of the new launches.
Signature Global's first premium residential project, De-luxe DXP, is set to redefine luxury living in Gurugram, with a record pre-sale of over ₹3600 crore.
All investments in this sector came from foreign investors, focusing on core assets in cities like Chennai, Mumbai, and NCR.
The IIEP-UNESCO Office for Latin America and the Caribbean held a seminar on the digital transformation of education, highlighting the role of digital technologies and AI in promoting equitable, innovative, and sustainable education policies.