The property is spread over a 1,038.50-sq-metre plot and is located near Amitabh Bachchan’s bungalow Jalsa. It is the directors’ second bungalow acquisition in Juhu in 2026. Source link...
Real Estate
The Income Tax investigation wing has detected undisclosed income worth Rs 50 crore. Surveys were conducted on five premises of Panache Realtors and Dayanand Modi Group. I-T teams are analyzing documents and digital data, including chats related to cash transactions. Partners of both real estate groups are currently being questioned by authorities. Tax evasion was allegedly found in Rosewood...
L&T Realty Developers has acquired a 2.5-acre land parcel in central Delhi for nearly ₹200 crore. The developer plans to construct a boutique luxury residential project on this acquired site. This acquisition follows L&T Realty Properties' earlier stake purchase in Gurugram. The existing L&T office structure will be demolished for the new residential development. Source link...
Delhi government is investigating building plans approved without infrastructure charges. Thousands of crores in revenue loss are estimated due to this evasion. Many property owners allegedly used fake documents for approvals. The government will recover dues and may seal properties if payment is not made. This action follows a reduction in infrastructure charges by up to seventy percent. Source...
Aurum PropTech’s board has approved the acquisition of 100% stake in Locon Solutions, owner of Housing(dot)com, from REA India. The transaction will be carried out through a share swap involving preferential allotment of 1.98 crore equity shares. Source link...
UP-RERA has notified amendments introducing a framework for collection, management, transfer and utilisation of Interest Free Maintenance Security funds. Promoters will have to transfer the entire IFMS corpus to RWAs or associations of allottees at the time of handing over common areas. Source link...
The Supreme Court moved Amit Katyal's money-laundering case to Delhi. This case involves alleged cheating of homebuyers in Gurugram. The Enforcement Directorate arrested Katyal last year in this matter. Investigations revealed fraudulent bookings and fund diversion by his company. This action follows allegations of duping buyers of hundreds of crores. Source link...
The CBI filed its sixteenth chargesheet concerning alleged large-scale homebuyers' fraud cases. A Noida-based real estate company and bank officials face accusations of conspiracy. These individuals allegedly cheated buyers and investors through fraudulent and deceptive means. The investigation has unearthed substantial evidence of illegal activities and financial impropriety. The agency...
Gurgaon's real estate regulator ordered Godrej Highview to give possession of a flat. The developer must also pay statutory delay possession interest to the buyers. Buyers had booked the apartment in 2018, with possession due in 2023. The regulator rejected the developer's force majeure claims for further extensions. Godrej Highview is now directed to deliver the unit after obtaining the...
The Supreme Court froze Parsvnath Developers' bank accounts and issued warrants. This action followed a twenty-year struggle by senior citizens for their homes. The court criticized Haryana authorities for failing to enforce RERA orders. This case highlights concerns about the Real Estate Act's effectiveness. The court expressed grave concern over regulatory authority inaction and...