real estate news
Delhi High Court Upholds ED's Action Against Real Estate Firm, Imposes Rs 1.25 Lakh Fine on Petitioner
The Delhi High Court has endorsed the Enforcement Directorate's (ED) actions against a real estate firm accused of financial irregularities and slapped a fine of Rs 1.25 lakh on the petitioner for concealing facts.
Real Estate
Enforcement Directorate Raids Raheja Developers Over Alleged Homebuyer Fraud
The Enforcement Directorate (ED) has conducted raids on Raheja Developers Ltd. and its directors, seizing incriminating documents and details of assets in a money laundering case linked to alleged fraud with homebuyers.
Real Estate Mumbai
Mumbai Court Restores ₹952 Crore Vadraj Cement Property in IL&FS Case
The Mumbai Special Court (PMLA) has restored properties worth ₹952 crore of Vadraj Cement to Nuvoco Vistas Corporation Ltd., a subsidiary of the Nirma Group, following an investigation by the Enforcement Directorate (ED).
Real Estate Mumbai
PMLA Court Restores ₹952 Crore Property to Nuvoco Vistas Corporation Ltd
A special PMLA court in Mumbai has allowed the restoration of assets worth ₹952 crore, previously attached by the Enforcement Directorate (ED) in a money laundering case against IL&FS and its associated entities. The property, a Surat-based cement plant, will now be restored to Nuvoco Vistas Corporation Ltd.
Real Estate Mumbai
DHFL Used Software to Mask Crores Diverted to Shell Firms: ED Charge Sheet
The Enforcement Directorate (ED) has revealed in its charge sheet that Dewan Housing Finance Corporation Limited (DHFL) used a sophisticated software to split crores of diverted funds into thousands of retail loans, masking the fraud from banking regulators. The Wadhawan brothers, promoters of DHFL, are accused of diverting funds to 87 shell firms for personal and business use.
real estate news
RERA: Eight Years Later, Promises and Challenges in the Real Estate Sector
Eight years after its implementation, the Real Estate (Regulation and Development) Act, 2016 (RERA) has made significant progress, but challenges in data management and enforcement persist, especially in states with interim authorities.