Real Estate
Supreme Court Praises ED for Protecting Homebuyers in ₹175-Crore Real Estate Fraud
The Supreme Court has commended the Directorate of Enforcement (ED) for its efforts in restoring properties to protect innocent homebuyers in a significant real estate scam in Udaipur, Rajasthan.
Real Estate
Supreme Court Praises ED for Restoring Properties to Defrauded Homebuyers
The Supreme Court has commended the Directorate of Enforcement (ED) for its efforts in restoring properties to innocent homebuyers who were victims of a real estate fraud. The case involves the Royal Rajvilas housing project in Udaipur, Rajasthan.
real estate news
Supreme Court Praises ED for Restoring Flats to Innocent Homebuyers in Real Estate Scam
The Supreme Court has lauded the Directorate of Enforcement (ED) for its efforts in restoring properties to protect innocent homebuyers who were defrauded in a real estate scam. This move ensures the protection of genuine investors in the Royal Rajvilas housing project in Udaipur, Rajasthan.
Real Estate Mumbai
ED Seizes Rs 71 Crore in Properties in Major Mumbai Municipal Corruption Case
The Enforcement Directorate (ED) has attached immovable properties worth Rs 71 crore in a significant corruption case involving the Vasai Virar City Municipal Corporation (VVCMC). The case includes IAS officer Anil Pawar and others, with the ED's investigation revealing a widespread cartel of officials involved in illegal construction and bribery.
Real Estate Pune
Woman Faces Charges for Selling ED-Attached Property in Khed Taluka, Pune
A 44-year-old woman from Beed district has been booked for allegedly selling a property worth ₹4.84 crore that was attached by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA).
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 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 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
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).