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.
Real Estate
I-T Authorities Conduct Searches at Gujarat Samachar Premises and Related Properties
Income Tax (I-T) authorities have conducted searches at over 24 premises linked to Gujarat Samachar, a prominent Gujarati newspaper, and its owner's family. The raids also included properties associated with the Iscon Group, a real estate company. The exact reasons behind these searches are yet to be disclosed.
real estate news
Mahesh Babu Set to Appear Before ED: A Closer Look at the Real Estate Scandal
Mahesh Babu, the renowned Telugu film actor, is expected to appear before the Enforcement Directorate (ED) in connection with an ongoing investigation into real estate firms Sai Surya Developers and the Surana Group. This development has sparked significant interest in the film industry and beyond, as it highlights the intricate connections between the entertainment world and the business sector.
Real Estate
Investigation Into Mahesh Babu's Alleged Promotional Fees for Fraudulent Real Estate Firms
The Enforcement Directorate (ED) is investigating Mahesh Babu, a renowned actor, for allegedly receiving crores to promote fraudulent real estate firms. This investigation has raised significant questions about the actor's financial ties.
real estate news
Chandigarh Police Arrests MD of Real Estate Firm After Four-Year Manhunt
Chandigarh police have finally apprehended the director of a real estate firm who had been on the run for four years. The arrest was made by the PO and summon cell of the UT police on Sunday.
Real Estate
ED Uncovers Rs 100 Crore Unaccounted Cash Transaction by Sai Surya Developers
The Enforcement Directorate (ED) has uncovered a massive unaccounted cash transaction worth Rs 100 crore involving Sai Surya Developers, a prominent real estate company based in Vengal Rao Nagar, Hyderabad. The discovery was made following a complaint registered at the Madhura Nagar police station, alleging financial irregularities.
Real Estate Mumbai
sirrus.ai PropTech Sees Growth Amid Urbanization
AI-driven prop-tech platform sirrus.ai is experiencing significant growth as urbanization continues to reshape the real estate landscape. The company is leveraging advanced artificial intelligence to streamline property management and enhance user experiences.
real estate news
ED Conducts Raids on 9 Premises of Delhi-Based Real Estate Group in Goa, Delhi, and Noida
The Enforcement Directorate (ED) has launched a major operation, raiding nine premises of a Delhi-based real estate group in Goa, Delhi, and Noida. This action is part of an ongoing investigation into financial irregularities and suspected money laundering activities.
Real Estate
ED Raids AAP MLA Kulwant Singh’s Lavish Residence in Mohali
In a significant development, the Enforcement Directorate (ED) has conducted raids at the palatial residence of AAP MLA Kulwant Singh in Mohali. Singh, a prominent figure in the real estate industry, is the owner of Janta Land Promoters Limited, one of Punjab's most valuable companies.
Real Estate Mumbai
ED Seizes Rs 661 Crore Properties in Congress-Linked Herald Case Across Multiple Cities
The Enforcement Directorate (ED) has taken possession of properties worth Rs 661 crore in the Congress-linked Herald case, conducting raids in Delhi, Mumbai, and Lucknow. These properties are believed to be illicitly acquired and are part of an ongoing investigation into money laundering and financial irregularities.
Real Estate Mumbai
ED Takes Action to Seize ₹661 Crore Worth of AJL Properties Linked to Congress
The Enforcement Directorate (ED) has taken significant steps to seize properties worth ₹661 crore owned by AJL, a company allegedly linked to the Indian National Congress. The move comes as part of the ongoing investigation into the National Herald case.