Gautam Buddha Nagar Police have arrested the director of a real estate company in connection with the Hathras land scam, which involves alleged irregularities in the acquisition of 42 hectares of land by YEIDA in 2011-12.
Real EstateLand ScamArrestGautam Buddha Nagar PoliceHimalaya Infra Private LimitedReal Estate NewsJan 09, 2025
The Hathras land scam involves alleged irregularities in the acquisition of about 42 hectares of land by the Yamuna Expressway Industrial Development Authority (YEIDA) in 2011-12. The case has been under investigation since 2019, with several high-ranking officials being charged.
Vivek Kumar Jain, the director of ‘Himalaya Infra Private Limited,’ was arrested by the Gautam Buddha Nagar Police in connection with the Hathras land scam. He was apprehended from the Beta-2 police station area and sent to 14-day judicial custody.
A shell company is a company that operates as a front for illegal activities or to mask the true ownership and financial dealings. These companies often have no active business operations and are used to facilitate financial irregularities and fraud.
The Yamuna Expressway Industrial Development Authority (YEIDA) is responsible for the development and management of industrial areas along the Yamuna Expressway. It is involved in the acquisition and allocation of land for various projects in the region.
A total of 12 individuals, including two Tehsildars, have been charged in the Hathras land scam case. The police have filed a chargesheet against these accused in the court.
Sales of luxury homes in India surge by 27% in H1 2024, with Delhi-NCR, Mumbai, and Hyderabad leading the way.
Homebuyers' association FPCE has questioned Maharashtra real estate regulator MahaRERA's decision to constitute and be part of a conciliation forum to settle disputes between builders and customers.
Real estate experts welcome this move, stating it will help in the safe redevelopment of numerous old buildings along the Colaba-Bandra-Seepz stretch.
Flipspaces, a leading real estate development company, is set to expand its footprint in key growth hubs across India, including Delhi NCR, Hyderabad, Chennai, Ahmedabad, and Pune. The company's latest acquisition is a strategic move aimed at enhancing it
Adani Realty acquired 24 acres in Mumbai for Rs 8000 crore (Commercial). Godrej Properties purchased 62 acres in Bengaluru for a Township Project. Here are the top 10 land deals in NCR in 2024.
Saraswati Properties has risen to become a prominent name in the Indian real estate sector, expanding its footprint across the nation and setting new standards in the industry.