Real Estate
ED Attachments: ₹423 Crore in Assets from Bengaluru’s Ozone Group for Financial Irregularities
The Enforcement Directorate (ED) has attached properties worth ₹423.38 crore belonging to Bengaluru-based real estate company Ozone Urbana Infra Developers Pvt Ltd and its promoter S Vasudevan. The move follows an investigation into alleged financial irregularities and money laundering under the PMLA.
Real Estate
Sundaram Alternates Successfully Exits Second Real Estate Fund with 17% IRR
Sundaram Alternates, the alternative investment arm of Sundaram Finance Group, has successfully exited its second real estate credit fund, delivering a gross investor IRR of 17%. The fund invested in fully secured, high-yielding debentures issued by Indian real estate developers in key South Indian micro markets.
Real Estate Maharashtra
CBI Launches Investigation into ₹16 Crore Bank Fraud by Pune-Based Real Estate Firm
The Central Bureau of Investigation (CBI) has initiated a probe against a Pune-based firm for allegedly defrauding the State Bank of India (SBI) to the tune of ₹16.35 crore. The firm, engaged in real estate and construction, is accused of misrepresenting financial data and diverting funds.
Real Estate
ED Unveils Rs 80 Crore Hidden Assets of Himachal Entrepreneurs
The Enforcement Directorate's probe has uncovered significant foreign assets, including luxury real estate and financial interests in overseas firms, valued over Rs 80 crore, belonging to Himachal Pradesh-based entrepreneurs.
Real Estate
IT Raids on Caps Gold and Vasavi Group Enter Fourth Day - Uncovering Financial Irregularities
The Income Tax (IT) department continues its raids on Caps Gold Private Limited and Vasavi Group of companies, suspecting large-scale tax evasion and fund diversion through cash transactions.
Real Estate Mumbai
Mumbai Police Files FIR Against Ex-Lodha Developers Director Over Land Deal Irregularities
The Mumbai Police has filed a first information report (FIR) against former Lodha Developers director Rajendra Lodha, his son Sahil Lodha, and others, alleging land deal irregularities that caused a loss of Rs 85 crore.
Real Estate
IT Department Conducts Raids on Real Estate Developers in Pune and Pimpri-Chinchwad
The Income Tax Department has conducted surprise raids on prominent real estate developers and a major broker in Pune and Pimpri-Chinchwad over alleged financial irregularities in land deals.
Real Estate Pune
Income Tax Department Conducts Raids on Real Estate Developers in Pune and Pimpri-Chinchwad
The Income Tax Department has conducted surprise raids on prominent real estate developers and a broker in Pune and Pimpri-Chinchwad over financial irregularities in land deals.
Real Estate
Income Tax Raids Pune Builders and Real Estate Broker for Suspected Financial Irregularities
The Income Tax Department conducted surprise raids on prominent builders and a real estate broker in Pune, uncovering suspected financial discrepancies in land transactions.
real estate news
Income Tax Raids Pune Builders and Real Estate Broker Over Suspected Financial Irregularities
The Income Tax Department has conducted surprise raids on several prominent builders and a real estate broker in Pune and Pimpri Chinchwad, uncovering suspected financial discrepancies in land purchase transactions.
Real Estate Maharashtra
Yes Bank Scam: Audit Report Exposes Loan Irregularities Before CBI Action
An audit report prepared in 2019 flagged significant irregularities in Yes Bank's loan practices, particularly in real estate deals, months before the CBI took action against Rana Kapoor for alleged kickbacks and misallocated funds.
Real Estate
CAG Exposes Irregularities in Greater Noida Land Allotments: ₹3,600-Cr Loss
The Comptroller and Auditor General (CAG) has identified significant irregularities in the Greater Noida Authority’s land allotment processes, resulting in an estimated loss of over ₹3,600 crore.
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 Mumbai
Mumbai ACB Investigates MSRTC Consultant for Irregularities and ₹9.61 Crore Ad Dues
The Maharashtra State Road Transport Corporation (MSRTC) faces dual investigations into financial irregularities, including an alleged consultant scam and outstanding advertising dues. The Anti-Corruption Bureau (ACB) and internal probes aim to restore transparency and accountability.
Real Estate
Strategic Real Estate Investing: How India's Savvy Investors Book Rs 50 Lakh Profits
While most Indian investors focus on mutual funds, a new class of wealth builders is playing a smarter, slower, and more lucrative game in real estate. Discover how they achieve 18-22% internal rates of return.
Real Estate
Unveiling the Hidden Wealth: Bihar Vigilance Bureau Raids Expose Real Estate Empire of Retired Officers
In a significant anti-corruption drive, the Bihar Vigilance Bureau raided multiple properties linked to two retired Circle Officers from Hajipur Sadar, Krishna Kumar Singh and Anjay Kumar Rai, uncovering substantial assets and financial irregularities.
real estate news
From ₹1.2 Crore Flat to ₹50 Lakh Profit: India’s Wealthy Are Compounding Smarter
Discover how India's emerging wealthy are leveraging early-stage property investments to achieve 18-22% IRR, outpacing traditional mutual fund returns.
Real Estate Mumbai
CBI Challenges Mumbai Firm's Plea Over Alleged Fraud of Rs 2,434 Crore
The Central Bureau of Investigation (CBI) has opposed the pleas filed by Mumbai-based Jai Corporation and its director, Anand Jaikumar Jain, challenging the FIR registered for alleged financial irregularities amounting to Rs 2,434 crore.
Real Estate
ED Raids Spark Turmoil in Siliguri’s Real Estate Sector
The Directorate of Enforcement (ED) conducted simultaneous raids at six locations in Siliguri, causing a significant stir in the city’s real estate sector. The raids are part of an ongoing investigation into alleged financial irregularities and economic crimes.
real estate news
Vigilance Commission Recommends Criminal Proceedings Against 17 Officials in Kaleshwaram Project Collapse
The Telangana State Vigilance Commission has recommended criminal proceedings against 17 government officials and the executing agency, L&T-PES, following the collapse of Block No. 7 of the Medigadda barrage, a critical component of the Kaleshwaram Lift Irrigation Project.