Family members of Bharat Shah acquired four luxury apartments in Mumbai's Worli area. The total cost for these residences reached approximately Rs 180 crore from the developer. These four apartments are located on the 34th and 35th floors of Wing A. Registration documents show the deal includes sixteen car parking spaces. This transaction highlights continued demand for premium housing in...
The Punjab & Haryana High Court has restrained IREO Group entities and Oberoi Realty from making fresh allotments or creating third-party rights in a Gurugram project until the Haryana DTCP decides a complaint by Advance India Projects. Oberoi Realty said the order does not affect existing sales or construction. Source link...
Mumbai's BMC standing committee approved an amnesty scheme for occupation certificates. This scheme grants certificates to buildings occupied without them for years. Families residing in homes up to 80 square meters will receive urgent relief. The proposal aims to address issues faced by citizens due to delayed OCs. This move provides a pathway for legalizing homes occupied before November...
The Enforcement Directorate conducted searches in Delhi-NCR related to a money laundering investigation. This probe is linked to alleged fraud with homebuyers concerning subvention schemes. At least five premises of three companies were raided under the Prevention of Money Laundering Act. The investigation stems from CBI FIRs filed in 2025 on Supreme Court directions. Builders allegedly diverted...
The CBI filed chargesheets against Ithaca Estate and LGCL Urban Homes for cheating homebuyers. Directors and bank officials were also named in the chargesheets filed in Bengaluru. The accused allegedly made false assurances and used deceptive means to gain financial benefits. This investigation is part of a larger probe into 34 builder cases nationwide. The CBI has already filed thirteen chargesheets in...
Applicants will have to upload Aadhaar details of executants, claimants and witnesses, complete biometric authentication through fingerprint or iris scans, upload photographs and make payments online before digitally submitting the documents. Source link...
A Mumbai court denied bail to Rajendra Lodha, former director of Lodha Developers. He faces allegations of a Rs 181 crore corporate land fraud conspiracy. The court cited his pivotal role and the serious nature of economic offences. Investigations are ongoing, and a crucial auditor's report is awaited. Jail authorities will provide necessary medical care for his conditions. Source link...
India’s office market recorded gross leasing of about 24.6 million sq ft in Q2 2026, the highest quarterly absorption on record, according to CBRE. New completions stood at about 21 million sq ft during the quarter, while GCCs accounted for 42% of total office space take-up. Source link...
Insolvency tribunal NCLT has greenlit Parmesh Construction Company's acquisition of a 4.26% stake in Entertainment City, dismissing Unitech Holding's objections. The tribunal ruled that the share transfer by minority investors was valid, despite Unitech's claims of violated shareholder agreements. This decision stems from a broader 100% disinvestment process for Entertainment City, where...
A Vile Parle builder, Kalpesh Kanubhai Shah, has been arrested for his alleged involvement in a massive land-grabbing scam. The fraud reportedly used forged powers of attorney and fake bank accounts to illegally acquire possession of a prime Dahisar land parcel. The scheme came to light after the Bombay High Court flagged discrepancies in property documents. Shah is in police custody as the...