Real Estate
ED Files Chargesheet Against Real Estate Developers in Rs 1,100 Crore Fraud Case
The Enforcement Directorate (ED) has filed a chargesheet in a Prevention of Money Laundering Act (PMLA) case against Three C Shelters Pvt. Ltd. and its promoters, alleging a massive fraud in the Greenopolis real estate project in Gurugram. The developers are accused of siphoning off over Rs 600 crore from homebuyers.
Real Estate
KT Rama Rao Challenges Turncoat MLAs to Face By-Elections
KT Rama Rao, BRS working president, challenges turncoat MLAs to resign and contest in by-elections, questioning their courage and public support.
real estate news
Chandigarh Court Declares Absconding GBP Officials as Proclaimed Offenders
The special court in Chandigarh has declared the absconding officials of real estate firm Gupta Builders and Promoters (GBP) as proclaimed offenders. The accused, who are charged with duping investors of over Rs 1,000 crore, have repeatedly failed to appear in court despite multiple arrest warrants.
real estate news
Balancing Law and Livelihood: Why Real Estate Needs Sensible PMLA Enforcement
The Prevention of Money-Laundering Act (PMLA) is a crucial tool in combating economic crimes, but its enforcement must be balanced to avoid freezing real estate projects and causing job losses. The recent Supreme Court ruling in the M3M India case highlights the need for a more nuanced approach.
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 Maharashtra
Pune MLA Expresses Fear for Life as Accused in Murder Plot Released on Bail
Maval MLA Sunil Shelke has raised concerns about his safety, claiming that individuals arrested for plotting his murder have been released on bail and are now roaming free in the Maval area.
real estate news
Supreme Court Allows M3M to Substitute Attached Property Under PMLA
The Supreme Court has permitted M3M Group to replace provisionally attached property with a substitute asset of equal or higher value under the PMLA. This landmark ruling ensures business continuity in India's real estate and infrastructure sectors.
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
ED Attaches ₹557 Crore Assets in Mahira Group Real Estate Scam; Ex-MLA Among Key Accused
New Delhi: In a significant crackdown on real estate fraud, the Enforcement Directorate (ED) has provisionally attached assets worth approximately ₹557.43 crore linked to Mahira Group companies under the Prevention of Money Laundering Act (PMLA).
Real Estate Mumbai
ED Raids OctaFX Forex Scam: Seizes Assets Worth Rs 160.8 Crore
The Enforcement Directorate (ED) has conducted raids in Mumbai, Delhi, and other cities as part of an investigation into the OctaFX Forex scam, seizing assets worth Rs 160.8 crore, including properties in Spain.
Real Estate Mumbai
ED Freezes ₹33.89 Crore Assets in Mumbai Real Estate Scam
The Enforcement Directorate (ED) has provisionally attached assets worth ₹33.89 crore belonging to Jayesh Tanna and his associates in a ₹85.75 crore real estate redevelopment scam in Mumbai.
Real Estate
Cabinet Approves RERA Office Relocation in Himachal Pradesh
The Himachal Pradesh Government has approved the relocation of the Real Estate Regulatory Authority (RERA) office from Shimla to Dharamsala. The decision aims to enhance administrative efficiency and better serve the real estate sector in the region.
Real Estate
Enforcement Directorate Raids Jaypee Infratech and Others in ₹12,000 Crore Fraud Case
The Enforcement Directorate (ED) has conducted multiple searches against Jaypee Infratech, Jaiprakash Associates, and other entities involved in a ₹12,000 crore fraud case, focusing on the alleged diversion of funds from homebuyers and investors.
real estate news
ED Conducts Extensive Raids in ₹12,000 Crore Jaypee-Linked Money Laundering Case
The Enforcement Directorate (ED) has launched search operations at 15 locations in Delhi, Noida, and Mumbai, targeting prominent real estate groups in a ₹12,000 crore money laundering case linked to Jaypee Associates and Jaypee Infratech.
Real Estate Mumbai
ED Conducts Raids at 15 Locations in Delhi-NCR and Mumbai to Investigate ₹12,000 Crore Fraud
The Enforcement Directorate (ED) is conducting searches at 15 locations in Delhi-NCR and Mumbai as part of a money laundering investigation under the Prevention of Money Laundering Act (PMLA). The probe involves a ₹12,000 crore fraud case allegedly involving Jaypee Infratech, Jaypee Associates, and other real estate players.
Real Estate Mumbai
ED Launches Major Search Operations in ₹12,000 Crore Jaypee-Linked Money Laundering Case
The Enforcement Directorate has initiated search operations at 15 locations in Delhi, Noida, and Mumbai, targeting prominent real estate groups and directors linked to a ₹12,000 crore money laundering case involving Jaypee Associates and Jaypee Infratech.
Real Estate Mumbai
ED Raids Major Real Estate Firms in Rs 12,000 Crore Fraud Case
The Enforcement Directorate (ED) has conducted raids at 15 locations in Delhi, NCR, and Mumbai, targeting major real estate players over a suspected ₹12,000 crore financial fraud. The raids are part of a money laundering probe under the Prevention of Money Laundering Act (PMLA).
Real Estate
High Court Grants Bail to Neeraj Saluja in PMLA Case: Key Grounds Explained
The Punjab and Haryana High Court has granted regular bail to Neeraj Saluja, a director of SEL Textiles Limited, in a money laundering case filed by the Enforcement Directorate. The court cited prolonged incarceration, lack of trial progress, and a judicial stay on further proceedings as key grounds for the decision.
Real Estate
ED Arrests Former UCO Bank CMD Subodh Kumar Goel in ₹6,210 Crore Bank Fraud Case
The Enforcement Directorate (ED) has arrested Subodh Kumar Goel, the former CMD of UCO Bank, in connection with a massive ₹6,210 crore bank fraud case. The investigation reveals that Goel received significant illegal gratifications in return for approving large loans to CSPL.