Pimpri Chinchwad, 2nd March 2025: The Anti-Property Squad of the Pimpri-Chinchwad Police Commissionerate seized a large consignment of sandalwood on the Pune-Mumbai Expressway, resulting in the detention of two individuals.
SandalwoodPuneMumbai ExpresswayAntiproperty SquadIllegal TradeReal Estate MumbaiMar 02, 2025
Sandalwood is a highly valued aromatic wood known for its fragrant properties. It is protected in India under the Indian Forest Act due to its ecological significance and high market value. The illegal trade of sandalwood is a serious offense and can result in severe penalties.
The operation was conducted by the Anti-Property Squad of the Pimpri-Chinchwad Police Commissionerate. They were tipped off by an anonymous source and intercepted the vehicle on the Pune-Mumbai Expressway.
Individuals involved in the illegal trade of sandalwood in India can face severe penalties, including hefty fines and long-term imprisonment. The Indian Forest Act outlines these penalties to protect valuable natural resources.
The public can support these efforts by remaining vigilant and reporting any suspicious activities related to the illegal trade of protected species to local authorities or relevant law enforcement agencies.
The seized sandalwood will be assessed by forestry officials to determine its exact value and origin. It may be returned to its natural habitat or used for conservation efforts, depending on the findings.
The Mumbai High Court has ordered the Trademark Registry to re-examine a case involving the transfer of ownership of two trademarks, highlighting the importance of following due process in such cases.
India's real estate market is booming, with the total valuation of top 100 companies reaching Rs 14.2 trillion. Gurugram-based DLF tops the list, followed by Unitech and Tata Realty.
Maharashtra assembly elections date, says CEC Rajiv Kumar, assures level playing field, considers festivals like Diwali
The real estate market in Mumbai has seen a surge in high-value transactions, with some luxury homes selling for over ₹100 crore. These limited edition properties often command prices as high as ₹1.50 lakh per square foot, making them a popular choice amo
The real estate sector in Hyderabad has seen a significant increase in the sales of ultra-luxury homes priced over Rs 40 crore in 2024.
The Indian real estate market witnessed a significant surge in home sales, reaching an all-time high of 3.03 lakh units in 2024, marking an 11% increase from the previous year. Key cities like Bengaluru and Mumbai led the growth. Private equity investment