Illegal lottery schemes are proliferating in Nagaland, particularly among second-hand car dealers and real estate agents in the commercial hub of Dimapur and its adjoining districts, raising serious regulatory and economic concerns.
Illegal LotteriesNagalandDimapurReal EstateCar DealersReal EstateMay 02, 2025
Illegal lotteries are unregulated schemes that offer prizes in exchange for a participation fee, often operating without proper legal oversight and without adhering to fair play and transparency standards.
Illegal lotteries in Nagaland are a concern because they lack regulation, can lead to fraud, and may contribute to gambling addiction and financial instability among participants.
Second-hand car dealers and real estate agents in the commercial hub of Dimapur and its adjoining districts are primarily involved in operating these illegal lottery schemes.
Local authorities and community leaders are pushing for stricter regulations, increased monitoring, and public education campaigns to raise awareness about the risks of participating in illegal lotteries.
Individuals can protect themselves by verifying the legitimacy of any lottery they consider joining, avoiding unregulated schemes, and reporting suspicious activities to local authorities.
Godrej Properties Ltd., a leading real estate developer in India, launched the Pune Chapter for the Collective of Real Estate Women (C.R.E.W) to empower women professionals in the real estate sector.
India's retail and real estate sectors are poised for significant growth, driven by an expanding middle class and shifting consumer behaviors.
A winner of an MHADA lottery apartment in Haveli, Pune district, has filed a complaint with MahaRERA, highlighting significant structural defects in the housing unit. MahaRERA has now directed MHADA to resolve these issues promptly.
Bengaluru has emerged as a leading city in India's residential real estate sector, with remarkable growth and increased investments observed in 2024. The city's appeal extends beyond its tech hub status, attracting a diverse range of homebuyers and invest
Realty firm Macrotech Developers MD Abhishek Lodha has clarified that the legal battle with House of Abhinandan Lodha (HoABL) is a corporate issue, not a personal one. The dispute centers around the use of the 'Lodha' trademark.
Real estate major Arvind Smartspaces Ltd has signed an agreement for a new residential project in Ahmedabad, boosting its share prices by 2%. The new project is expected to add significant value to the company's portfolio and enhance its market presence i