Mumbai News Desk

38 minutes ago

Mumbai Police's Economic Offences Wing (EOW) has revealed an alleged housing fraud worth around INR 150 crore involving the Housing Development and Infrastructure Ltd (HDIL) Group. Investigators claim possession documents meant for about 1,000 slum rehabilitation residents in Bharat Nagar were sold to third-party buyers, allowing unauthorised occupancy in prime transit flats at Kurla Premier. Former HDIL officials provided key statements linking the sale to company leadership, although promoters Rakesh and Sarang Wadhawan have denied direct involvement. The case adds to HDIL's history of legal and financial scrutiny, including insolvency and earlier fraud probes.Read more

2 hours ago

The Calcutta Stock Exchange has sought a voluntary exit from stock exchange operations under Sebi's Exit Policy, following prolonged regulatory challenges and halted trading since 2013. Sebi has formed a Working Group and appointed a valuation agency to assess CSE's assets, liabilities, and regulatory requirements. Some information is still awaited from CSE. The regulator will decide on the exit after evaluating the exchange's exclusively listed companies, financial position, and any regulatory relaxations needed. The move follows missed deadlines set by the Calcutta High Court for compliance with clearing corporation and net worth norms.Read more

4 hours ago

Amaravati Growth & Infrastructure Corporation Ltd. Managing Director S. V. R. Srinivas conducted an on-site inspection of key infrastructure and institutional projects underway in Amaravati to review progress and ensure timely execution. The visit included inspections of the MLA and MLC Housing projects, the NGO Housing project, and the High Court development site. During the review, Srinivas also held discussions with project representatives regarding the construction of bungalows for judges, ministers and secretaries. The inspection further covered the progress of Amaravati Government Complex (AGC) roads and underground utilities works, which form a core component of the city's integrated infrastructure network. Emphasising quality and adherence to timelines, Srinivas directed officials and contractors to accelerate construction activities while ensuring coordination across departments involved in the development of Amaravati.Read more

6 hours ago

Authorities in Meghalaya's Garo Hills region have imposed restrictions preventing non-tribal individuals from purchasing, inheriting or claiming land. The order was issued by the Garo Hills Autonomous District Council using its powers under the Sixth Schedule of the Constitution of India to protect tribal land ownership and customary rights. The notification also invalidates benami arrangements where land is held in a tribal person's name for the benefit of a non-tribal individual. While new transactions are barred, land that has already been legally owned or inherited by non-tribals will remain valid under existing laws.Read more

7 hours ago

Former Chief Justice of India Uday Umesh Lalit suggested that infrastructure project contracts should be examined by a specialised government agency before they are signed to reduce arbitration disputes and protect public funds. Speaking at a conference in New Delhi organised by PHD Chamber of Commerce and Industry, he said that poor contract drafting, inaccurate project estimates and coordination gaps between departments often lead to disputes. He also noted that environmental restrictions and design changes during project execution frequently result in arbitration claims, sometimes exceeding the original project cost.Read more

9 hours ago

The Enforcement Directorate (ED) has attached immovable assets worth more than INR 206 crore linked to Delhi-based TDI Infrastructure Limited as part of a money-laundering investigation connected to alleged fraud against homebuyers. The action follows multiple FIRs registered by the Delhi Police and the Economic Offences Wing, which accused the developer and its promoters of failing to deliver residential and commercial units despite collecting large sums from buyers. Investigators found that thousands of customers invested in several projects launched in Sonipat, Haryana, but many developments remain incomplete, with funds allegedly diverted to other entities and financial obligations.Read more

Gurugram News Desk

10 hours ago

The Haryana Electricity Regulatory Commission has ordered Unitech Realty Pvt Ltd and the resident welfare association of Uniworld Gardens II in Gurugram to refund excess electricity charges collected from residents and revise billing practices in line with regulatory tariffs. The directive follows a complaint filed by a resident alleging overcharging under the single point supply system used in the housing society. The commission found that residents had been billed at higher tariffs than those charged by the distribution utility and that additional charges inconsistent with regulations were imposed. The regulator has also imposed a penalty of INR 50,000 on the RWA and warned of an additional INR 6,000 daily fine if compliance is not achieved within the stipulated period.Read more

12 hours ago

The Secunderabad Cantonment Board has introduced a one-time settlement (OTS) scheme to help property owners clear long-pending property tax arrears while offering relief on accumulated interest. The scheme provides a 30% rebate on the interest component or INR 10,000, whichever is higher, and a full waiver where the accumulated interest is below INR 10,000. The concession applies only to the interest portion of outstanding dues, while the principal tax amount must be paid in full. The initiative, introduced under the provisions of the Cantonments Act, 2006, will remain open until 31 March 2026. Officials said the measure aims to encourage voluntary compliance, reduce long-standing tax arrears and improve revenue collection in the cantonment area while allowing property owners to regularise pending liabilities.Read more

12 hours ago

Farmers and residents from the Amaravati Capital Region recently submitted petitions during a Grievance Day programme organised at the headquarters of the Andhra Pradesh Capital Region Development Authority in Rayapudi. A total of 23 complaints were recorded, most of them related to land matters, including issues concerning returnable plots and land pooling. APCRDA Commissioner K. Kannababu reviewed the petitions and stated that each case would be examined and resolved at the earliest. Officials also reiterated that the grievance programme would continue every Saturday, while the Citizen Grievance Centre will accept petitions on all working days.Read more

14 hours ago

An agreement has been registered for the establishment of the India International University of Legal Education and Research (IIULER) in Amaravati, marking a new addition to the region's education infrastructure. The Andhra Pradesh Capital Region Development Authority has allotted 55 acres of land at Sakhamuru in the capital city for the project. The university will be developed by the Bar Council of India Trust PEARL FIRST with a planned investment of around INR 300 crore in phases. The project is expected to support legal education, research and international academic collaboration while also creating employment opportunities and strengthening the academic ecosystem in Amaravati.Read more