The Green Garden Apartments CHS Ltd in Deonar, Mumbai, has taken legal action against its former chairman and several real estate developers, alleging financial mismanagement and malpractices.
MumbaiGreen Garden ApartmentsReal EstateFinancial MismanagementBombay High CourtReal Estate MumbaiMar 25, 2025

The main issue is the alleged financial mismanagement and malpractices by the former chairman and several real estate developers, which have led to the misappropriation of funds and unauthorized transactions.
The Green Garden Apartments CHS Ltd, representing the interests of its residents, has filed the legal petition against the former chairman and real estate developers.
The petition seeks an investigation into the alleged financial irregularities, the removal of the ex-chairman and developers from any positions of influence, and the recovery of any misappropriated funds.
The community has been supportive of the legal efforts, rallying together to ensure a transparent and fair resolution to the issues raised.
The case is expected to set a precedent for how similar issues are addressed in the future, emphasizing the need for stricter oversight and accountability in residential complex management.

Despite the recent slowdown, Gujarat's real estate market remains a promising growth hub, driven by infrastructure development and government initiatives.

Nitco Ltd's sale of a 16,250 sqm land parcel in Kanjurmarg East to Runwal Group for INR 232 crore highlights the high demand for prime Mumbai real estate and the company's focus on optimizing its asset portfolio.

The acquisition of a high-value property by Yatin Shah, co-founder of 360 ONE, underscores the increasing demand for luxury real estate in Mumbai, particularly in South and Central areas.

The Haryana Real Estate Regulatory Authority (Hrera) in Gurugram has issued a stern warning to real estate promoters for failing to submit their mandatory annual reports. The authority has imposed a fine of Rs 0.5 million on the non-compliant developers.

A recent Credai-KPMG report highlights Pune's leading position in the Indian real estate market, particularly in the development of senior living homes. The report emphasizes the growing demand for well-being-focused housing for the elderly.

Families and survivors of the 2008 Mumbai attacks are calling for the extradition and strict punishment of Tahawwur Rana, a key suspect in the terror operation. Sanjana Shah, daughter of real estate magnate Pankaj Shah, who was killed during the attack on Hotel Oberoi, has been a vocal advocate for justice.