property acquisition

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...

Mumbai, April 10 Hyatt Hotels, which has 55 properties and 10,500 keys in India, is actively exploring opportunities to introduce its The Standard and UrCove brands and is considering acquisitions in partnership with financial institutions and developers."We have 36 brands globally, of which...

Ahmedabad, April 9 – A Deputy Mamlatdar stationed in Surendranagar district of Gujarat has been booked by the Anti-Corruption Bureau (ACB) for allegedly possessing assets disproportionate to his known sources of income. Investigators have stated that the excess wealth amounts to over Rs 1.22...

Kannur (Kerala), April 4 KPCC chief Sunny Joseph said on Saturday that the Congress received around Rs 5.38 crore in its account for rehabilitation in Wayanad and used the funds to purchase land for constructing homes for landslide victims, a claim that has been termed as false by the ruling...

Kannur (Kerala), April 4 KPCC chief Sunny Joseph said on Saturday that the Congress has received around Rs 5.38 crore in its account set up for rehabilitation in Wayanad and has used the funds to purchase land for constructing homes for landslide victims.Joseph said that, in addition to the...

New Delhi, April 4 A Delhi court on Saturday remanded Al-Falah group chairman Jawad Ahmad Siddiqui in judicial custody for 14 days, in connection with a money laundering case linked to the "fraudulent" acquisition of a Rs 45 crore property in Delhi.Siddiqui was produced before Additional...

Thane, April 2 A former CIDCO official and his wife have been booked in a case of disproportionate assets in Navi Mumbai, the Maharashtra Anti-Corruption Bureau (ACB) said on Thursday.ACB (Navi Mumbai) Deputy Superintendent of Police Dharmaraj Sonke identified the accused as Sagar Madanlalji...

New Delhi, March 31 Mindspace Business Parks REIT, a real estate firm, has acquired a 26 lakh sq ft commercial property in Chennai for ₹2,541 crore as part of its strategy to expand its business amid high demand for office spaces.In a regulatory filing on Tuesday, the company said it has...

Hyderabad, March 31 – Municipal authorities in Hyderabad seized the residence of the late Tamil Nadu Chief Minister, J. Jayalalithaa, on Tuesday due to unpaid property taxes.Officials of the Greater Hyderabad Municipal Corporation (GHMC) sealed the G+4 building belonging to the late leader in...

New Delhi, March 30 Property Share Investment Trust, the country's first registered Small and Medium Real Estate Investment Trust (SM REIT), announced on Monday that the IPO of PropShare Celestia, worth Rs 244.65 crore, will open on April 10.The issue, with a price band of Rs 10-10.50 lakh per...

Gurugram, March 28 The Delhi High Court has declined to grant interim relief to Experion Developers Private Limited and its co-petitioner, based in Gurugram, who sought to quash an FIR registered against them by the Economic Offences Wing of the Delhi Police, on charges of fraud. An official...

The Enforcement Directorate has provisionally seized properties worth approximately ₹1,700 crore in the Mahadev online betting case. In a press release issued on March 25, the Raipur Zonal Office of the ED stated that the action was taken under the Prevention of Money Laundering Act.The agency...

Mumbai, March 23 – The Directorate of Enforcement (ED) has provisionally attached 35 movable and immovable assets worth ₹34.51 crore in a money laundering case in Mumbai, an official statement said on Monday.The attached assets include flats, shops, and fixed deposits allegedly linked to...

Chandigarh, March 22 – In a major breakthrough, the Punjab Police's Anti-Narcotics Task Force (ANTF), in a joint operation with the Border Security Force (BSF), has busted a Pakistan-backed smuggling module by arresting three masterminds and recovering 24.5 kg of heroin and Rs 21 lakh in drug...

Chandigarh, March 22 In a joint operation with the Border Security Force, the Punjab Police busted a cross-border smuggling module with the arrest of three persons and recovered 24.5 kg of heroin and Rs 21.5 lakh in cash from them, a top police officer said on Sunday.Preliminary investigation...

New Delhi, March 17 Leela Palaces Hotels and Resorts announced on Tuesday the acquisition of a luxury resort in Coorg, Karnataka.The Leela Coorg Forest Sanctuary expands the hospitality company's portfolio into one of South India's most attractive leisure destinations, according to a...

New Delhi, March 16 The National Company Law Appellate Tribunal (NCLAT) has allowed Chronos Properties, backed by Brookfield, which is in the race to acquire the Infrastructure Leasing and Financial Services (IL&FS) flagship Bandra Kurla Complex property, to replace its bank guarantee within a...

New Delhi, March 13 Godrej Properties Ltd has acquired a 44-acre plot in Coimbatore to develop a housing project, with an estimated revenue of ₹450 crore.In a regulatory filing on Friday, the company announced that it had acquired the land parcel through a direct purchase and will launch...

New Delhi, March 11 The Supreme Court has struck down a law in Bihar that allowed the state government to take over the Patna library, a heritage institution, saying the provision for a token compensation of Rs 1 for such acquisition was "illusory" and lacked the basic attributes of fairness...

New Delhi, March 9 The Enforcement Directorate said on Monday that it has attached immovable assets worth more than Rs 5 crore as part of its investigation into money laundering related to an alleged case of disproportionate assets against former Assam excise secretary and IAS officer Indreswar...