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INR 57 Cr Fraud Allegation - FIR Filed Against Wadhwa Group for Goregaon Project Default

Mumbai’s Wadhwa Group faces an FIR for ₹57 crore fraud, accused of breaching financial commitments in a stalled Goregaon housing project. The case, now with the Economic Offences Wing (EOW), stems from alleged contract violations and unfulfilled payments to Policon Realtors.

By Admin

  • 13th Mar 2025
  • 1172 Views
Homebuyers' Body Demands Stricter Regulations to Stop Misleading Real Estate Ads

A homebuyers' body urges stricter regulations to tackle misleading real estate ads, calling for tougher penalties and transparency to protect buyers nationwide.

By Admin

  • 1st Jan 2025
  • 1200 Views
K Raheja Settles REIT Violation Case with INR 68.73 Lakh Payment

K Raheja Corp Investment Managers, the manager of Mindspace Business Parks REIT, has resolved a regulatory case with SEBI by paying ₹68.73 lakh as a settlement fee. The matter pertained to alleged REIT rule violations, and the company settled without admitting or denying SEBI’s findings.

By Admin

  • 30th Nov 2024
  • 1218 Views
Why and How is Uttarakhand Tightening Land Purchase Laws?

In reaction to outsiders buying property in Uttarakhand's mountains, the state has taken action. Many buyers have found ways to evade regulations allowing persons to buy up to 250 square meters of land for personal use in non-municipal areas.

By Admin

  • 29th Sep 2024
  • 1285 Views
Environmentalists Raise Alarm Over PMAY Projects Encroaching on Protected Mangrove Zones in Navi Mumbai

Environmental activists have complained to Prime Minister Narendra Modi that Navi Mumbai's Prime Minister's Awas Yojana (PMAY) is encroaching on protected mangrove zones and breaking environmental laws.

By Admin

  • 26th Aug 2024
  • 1352 Views
MHADA Introduces Amnesty Scheme to Reduce Penalties for Plot Contract Violations

The Maharashtra Housing and Area Development Authority (MHADA) has reduced plot contract violation fines. MHADA's six-month amnesty policy includes this decrease. Under certain scenarios, the programme reduces offenders' penalty costs.

By Admin

  • 19th Mar 2024
  • 1478 Views
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