All the convicts have been released on bail. ADPO Hemlata Kushwaha informed that the Court on December 6, Kiran Agarwal, the wife of a real estate developer, was among five individuals sentenced for their involvement in a land fraud case.
Madhya PradeshLand FraudSage GroupKiran AgarwalLegal ProceedingsReal Estate MumbaiDec 11, 2024
The individuals sentenced include Kiran Agarwal, the wife of a real estate developer, and four others. All five were found guilty of manipulating land records and defrauding victims.
The court has sentenced all five individuals to three years in jail. However, they have been released on bail pending further legal proceedings.
Kiran Agarwal, the wife of one of the Sage Group's directors, was implicated in the land fraud case. This has raised questions about the company's practices and ethics.
The court has ordered the convicts to pay a fine, which will be distributed among the victims to compensate for their losses.
The verdict has been welcomed by the community, with many expressing hope that it will serve as a deterrent to similar fraudulent activities in the future.
Magicbricks launches PropWorth, a cutting-edge property valuation tool powered by machine learning, covering 50,000 projects in 30 cities
At the HOMETHON Property Expo 2024, key stakeholders discussed the urgent need for redevelopment in Mumbai's Metropolitan Region (MMR) to address housing shortages and infrastructure challenges.
Sundaram Alternates, a subsidiary of Sundaram Finance, has successfully raised Rs 1,000 crore for its new real estate fund. This marks a significant milestone in the company's expansion into the realty sector.
The Enforcement Directorate (ED) has intensified its focus on high-profile real estate fraud cases, particularly targeting the Agri Gold group, which was found to be running a fraudulent collective investment scheme.
Explore the top 10 real estate companies in India, including DLF, Macrotech Developers, Godrej Properties, Oberoi Realty, and more. Discover their contributions to the Indian real estate market.
The Dubai Land Department (DLD) has signed 11 significant agreements during its participation in the International Property Show (IPS) 2025, marking a major milestone in the real estate sector's growth and innovation.