homebuyers

Patiala, April 11 To ensure that only the developer faces consequences if a project violates environmental norms, the Punjab Pollution Control Board (PPCB) has allowed the registration of sale deeds for homebuyers of affected projects, enabling them to obtain electricity connections and other...

New Delhi, April 11 The Enforcement Directorate (ED) has seized ₹6.3 crore in cash and jewelry worth ₹7.5 crore following searches against a Delhi-based real estate company accused of defrauding homebuyers and currently undergoing insolvency proceedings, officials said on Saturday.The action...

New Delhi, April 11 – The Enforcement Directorate (ED) has conducted extensive searches in connection with a money laundering case involving Earth Infrastructures Ltd (EIL) and its group entities, resulting in the seizure of large amounts of cash, jewelry, bullion, and luxury watches.The...

New Delhi, April 9 The resolution of insolvency cases in the real estate sector should adopt a project-centric approach to ensure timely project completion, rather than prioritizing financial recovery, according to a panel set up by the insolvency regulator.The committee, established by the...

New Delhi, April 6 The Enforcement Directorate (ED) has attached immovable properties worth approximately ₹944 crore under the Prevention of Money Laundering Act in a case linked to the alleged failure to deliver housing units to over 1,500 homebuyers in Haryana and Rajasthan, officials said on...

New Delhi, March 31 The Insolvency and Bankruptcy Board of India (IBBI) has suspended the registration of an insolvency professional for two years for multiple lapses in handling the proceedings of Supertech Ltd and Nobility Estates.In its order passed on March 30, the IBBI's disciplinary...

New Delhi, March 27 In a relief for homebuyers, the Centre has proposed to remove the existing provision of a maximum one-year imprisonment for an allottee who fails to comply with orders from the Real Estate Appellate Tribunal.The amendment seeks to replace Section 68 of the Real Estate...

New Delhi, March 27 Uttar Pradesh BJP MP Laxmikant Bajpai on Friday demanded a comprehensive amendment of RERA and insolvency laws in the Rajya Sabha, saying that thousands of homebuyers across the country have spent their life savings and still have not received their flats, while builders...

New Delhi, March 18 – The Enforcement Directorate (ED) has returned immovable properties worth approximately Rs 650 crore to 2,312 genuine homebuyers in connection with the money laundering investigation against the SRS Group, officials said on Wednesday.The return of the properties was...

New Delhi, March 17 The Enforcement Directorate has recovered immovable assets worth Rs 650 crore for over 2,300 homebuyers as part of an investigation into money laundering against Faridabad-based real estate company SRS Group, officials said on Tuesday.They said a special provision in the...

Bengaluru, March 16 – The Enforcement Directorate (ED) conducted searches at the offices of Mantri Developers, a prominent real estate firm based in Bengaluru, and at the residences of its founder and Chairman, Sushil Mantri, on Monday, as part of an investigation into alleged money laundering...

New Delhi, March 15 The Supreme Court has given the New Okhla Industrial Development Authority one last and final opportunity to comply with its directions concerning stalled real estate projects linked to the Noida Sports City development.A bench of Justices M M Sundresh and N Kotiswar Singh...

Important cases listed before the Supreme Court on Friday, March 13:* The Supreme Court will hear a petition filed by the Lokpal of India challenging a Delhi High Court order that authorized the CBI to file a chargesheet against TMC MP Mahua Moitra.* The Supreme Court will hear a petition...

New Delhi, March 11 The Supreme Court on Wednesday criticized the CBI for its investigation into the alleged "unholy nexus" between banks and developers to defraud homebuyers in Delhi-NCR and other parts of the country, stating that prolonging the investigation would only cause more distress to...

Lucknow, March 11 – The Enforcement Directorate (ED) has provisionally attached immovable properties worth approximately Rs 313.12 crore belonging to Ansal Properties & Infrastructure Ltd (APIL) under the provisions of the Prevention of Money Laundering Act (PMLA).The action was taken by the...

Lucknow, March 9 The Uttar Pradesh Real Estate Regulatory Authority has imposed penalties exceeding Rs 2.43 crore on two promoters for failing to upload mandatory quarterly progress reports of their registered projects on the authority's web portal, according to an official statement issued on...

New Delhi, March 6 The Enforcement Directorate (ED) said on Friday that it has attached immovable assets worth more than Rs 200 crore of Delhi-based real estate company TDI Infrastructure Limited as part of a money-laundering investigation linked to alleged fraud against homebuyers.The assets...

The Enforcement Directorate (ED) has provisionally attached immovable properties worth more than 206 crore rupees in a money-laundering case involving TDI Infrastructure Ltd. The ED stated that the assets include approximately 8.3 acres of land and commercial units located in Kamaspur in...

Gurugram, March 6 – The Enforcement Directorate's (ED) Gurugram Zonal Office provisionally attached immovable properties worth approximately ₹206.40 crore on Friday in connection with a money laundering case involving TDI Infrastructure Ltd., officials said.According to the agency, the...

Mumbai, February 26 The government will take strict measures to recover outstanding dues under the Maharashtra Real Estate Regulatory Authority (MahaRERA), state minister Shambhuraj Desai told the assembly on Thursday.In response to a question raised by BJP MLA Atul Bhatkhalkar regarding the...