real estate news
ED Raids Continue on Real Estate Tycoon in Naldera Under FEMA Case
The Enforcement Directorate (ED) conducted raids for the second consecutive day at the luxury Auramah Valley real estate project near Naldera, Himachal Pradesh, in connection with a case registered under the Foreign Exchange Management Act (FEMA).
Real Estate
ED Raids Imperial Group, Seizes Evidence of Un disclosed Foreign Assets Worth Over Rs 80 Crore
The Enforcement Directorate (ED) conducted search operations at six premises linked to Delhi-based Imperial Group chairman Manavinder Singh, uncovering undisclosed foreign assets worth over ₹80 crore. The assets were traced to companies in Singapore, Dubai, and Thailand, raising concerns over financial irregularities.
Real Estate
Gunmen Attack Terrifies Gurugram Real Estate Office
Masked gunmen opened fire at MNR Buildmark's real estate office in Gurugram, leaving shattered windows and a trail of panic. The attack has raised concerns about the rising trend of violence in the area.
Real Estate
ED Files Chargesheet Against Bhupesh Baghel's Son in Multi-Crore Liquor Scam
The Enforcement Directorate (ED) has filed a 7,039-page chargesheet against Chaitanya Baghel, son of former Chhattisgarh CM Bhupesh Baghel, in a multi-crore liquor scam case. The chargesheet names Chaitanya as an accused in the alleged Rs 2,100 crore scam.
real estate news
Gurugram Realty Firm Misappropriates ₹205 Crore from Home Buyers for Colombo Hotel Project
A Gurugram-based real estate company, Krrish Realtech, allegedly collected over ₹500 crore from home buyers under false pretenses and diverted ₹205 crore of these funds to a hotel project in Colombo, Sri Lanka, according to the Enforcement Directorate (ED).
Real Estate Mumbai
Sebi Conducts Major Search Operation on Prominent Mumbai Financial Influencer
The Securities and Exchange Board of India (Sebi) has launched a significant search operation targeting a well-known financial influencer in Mumbai. The operation aims to enforce regulatory compliance and deter misconduct in the financial sector.
Real Estate Mumbai
Seatbelt Violations Plummet on Pune–Mumbai Expressway
The number of seatbelt violations on the Pune–Mumbai Expressway has dropped significantly, thanks to increased surveillance and public awareness.
real estate news
Court Issues Notice to Robert Vadra in ED's Land Deal Money Laundering Case
A Delhi court has issued a notice to Robert Vadra, husband of Congress leader Priyanka Gandhi Vadra, in a money laundering case filed by the Enforcement Directorate (ED). The case involves a controversial land deal in Gurugram.
real estate news
Delhi Court Issues Notice to Robert Vadra in High-Profile Money Laundering Case
A Delhi court has issued a notice to Robert Vadra, husband of Congress MP Priyanka Gandhi Vadra, in connection with the Shikohpur land deal case. The Rouse Avenue Court took cognisance of the charge sheet filed by the Enforcement Directorate (ED) and issued notices to 11 individuals, including Vadra.
real estate news
Real Estate and Regulation: Balancing Enforcement with Economic Growth
The Indian real estate sector faces a critical juncture where regulatory compliance and enforcement are causing significant disruptions. Recent legal developments highlight the need for a balanced approach to protect both the law and economic activity.
Real Estate
Gurugram's ₹1000 Crore Real Estate Fraud: ED Arrests Universal Buildwell Promoters
In a significant development in a long-running real estate fraud case, the Enforcement Directorate (ED) has arrested three key promoters of Universal Buildwell Pvt. Ltd., who are accused of defrauding hundreds of homebuyers of over ₹1,000 crore through uncompleted projects and diverted funds.
Real Estate Maharashtra
EAGLE Cracks Down: 14 Arrested in Decoy Operation to Dismantle Drug Network
EAGLE, the Elite Action Group for Drug Law Enforcement, apprehended 14 individuals in a decoy operation near HDFC Bank in Gachibowli, dismantling a larger drug supply network of over 100 individuals.
Real Estate
Court Grants Sanjay Bhandari Time to Challenge Fugitive Tag, ED Plea Adjourned
A Delhi court has granted arms dealer Sanjay Bhandari time to challenge the July 5 order that declared him a fugitive economic offender. The court also deferred proceedings on the Enforcement Directorate's (ED) plea for confiscation of his properties.
Real Estate Mumbai
Mahesh Babu Faces Legal Notice in Real Estate Scam Case
Tollywood star Mahesh Babu has been served a legal notice in connection with a real estate scam. The Ranga Reddy District Consumer Commission in Telangana has issued the notice after a Hyderabad-based doctor filed a complaint alleging fraud.
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.