44 minutes ago

The Enforcement Directorate (ED) has arrested four promoters and directors of Earth Infrastructures Ltd in a money laundering investigation linked to an alleged INR 2,004 crore homebuyer fraud. The case involves over 19,425 homebuyers and investors who allegedly invested in projects that remained incomplete or undelivered. The agency has alleged diversion of around INR 467 crore through related entities. The investigation stems from multiple Delhi Police EOW FIRs and an SFIO complaint against the company’s promoters and directors.Read more

2 hours ago

The Central Road Research Institute (CRRI) carried out a detailed study of Layout Pooling Scheme (LPS) roads being developed in Amaravati, focusing on internal road networks and associated civic infrastructure. Over a two-day field visit, the team examined construction progress across multiple LPS zones, including drainage, sewerage systems, and power line planning. Findings were presented to the Amaravati Development Corporation (ADC) leadership. The study also included technical recommendations on road design standards based on traffic load requirements for both internal and trunk roads in the capital region.Read more

4 hours ago

Maharashtra and Finland have strengthened cooperation on circular economy and waste-to-value systems, with key participation from Maharashtra Chief Secretary Rajesh Aggarwal, IAS, MMRDA Metropolitan Commissioner Dr. Sanjay Mukherjee, IAS, and Consul General of Finland Erik af Hällström. The discussions were held during a circular economy conclave hosted by MMRDA and the Consulate General of Finland in Mumbai. The engagement comes ahead of the World Circular Economy Forum 2026 in India and reflects ongoing collaboration involving Chief Minister Devendra Fadnavis and Finnish leaders, including Ville Tavio and President Alexander Stubb, focused on sustainability, recycling and clean energy initiatives.Read more

6 hours ago

The Enforcement Directorate (ED) has initiated an investigation into Vedanta Group under the Foreign Exchange Management Act (FEMA) and conducted searches at multiple company premises across India. The probe is examining certain foreign exchange-related transactions, including a 2023 instance in which Vedanta Resources, the London-based parent company, reportedly refunded part of a brand fee to Vedanta Ltd. The agency is also reviewing other corporate structures within the group. Vedanta has acknowledged the regulatory action and stated that it is fully cooperating with authorities while continuing to comply with all applicable laws and regulations.Read more

7 hours ago

• Punjab RERA has directed a builder to refund excess amounts collected from homebuyers and obtain pending completion certificates for the project.
• The authority found that additional charges linked to area changes could not be imposed without proper contractual backing and buyer consent.
• Homebuyers had challenged extra financial demands and raised concerns over the project's regulatory compliance.
• The order reinforces RERA's stand on transparency, buyer protection and adherence to approved project commitments.
• The ruling also highlights the importance of securing statutory approvals before project handover and possession.Read more

8 hours ago

• The Income Tax Appellate Tribunal (ITAT) has upheld a family settlement involving transfer of a Delhi property to a daughter-in-law, rejecting the Revenue Department’s tax claim.
• The Tribunal held that the registered gift deed merely formalised an existing family settlement and did not constitute a taxable transfer under the Income Tax Act.
• ITAT also ruled that provisions relating to taxation of certain gifts and property transfers were not applicable, dismissing the Revenue’s appeal against the taxpayer.Read more

10 hours ago

• Odisha State Housing Board (OSHB) is planning four new residential projects that will add 6,877 housing units in Bhubaneswar and Rourkela.
• More than 1,800 units have been earmarked for affordable housing categories, including EWS and LIG segments.
• The projects include developments at Suango, Patrapada, Ranasinghpur and Basanti Colony.
• OSHB is also expanding its housing footprint across district headquarters while continuing multiple ongoing projects across Odisha.
• The move is aimed at addressing rising urban housing demand and improving access to affordable homes in key growth centres.Read more

13 hours ago

• The Supreme Court has pulled up the Jaipur Development Authority (JDA) for failing to act against commercial establishments operating in residential areas of Jaipur.
• The court expressed dissatisfaction over JDA's failure to file a compliance affidavit and provide details of action taken despite earlier directions.
• The bench observed that planning authorities have a responsibility to protect the residential character of designated housing zones.
• The case is linked to a wider exercise ordered by the Supreme Court to identify and address unauthorized commercial use of residential properties across cities.
• The matter highlights growing judicial scrutiny of urban planning violations, zoning compliance and enforcement by development authorities.Read more

17 hours ago

• Ganesh Real Estate Management Institute (GREMI) has inaugurated its City Campus at Million Minds Tech City in Ahmedabad and will begin academic operations from August 2026.
• The institute is Gujarat’s first AICTE-approved standalone institution dedicated exclusively to real estate education and management.
• GREMI is backed by an initial investment commitment of INR 500 crore and plans to develop a 100-acre integrated university campus in Ahmedabad.
• The first batch will comprise around 70 students enrolled in the Postgraduate Certificate in Management (PGCM) in Real Estate Development and Management.
• The institution aims to create a structured education ecosystem for the built environment sector, covering urban planning, real estate finance, construction technology, governance and sustainability.Read more

Gurugram News Desk

19 hours ago

• The Punjab and Haryana High Court has clarified that protection from enforcement action applies only to property owners directly involved in the ongoing litigation related to building violations in Gurugram.
• The ruling allows the Department of Town and Country Planning (DTCP) to proceed against thousands of other properties facing allegations of unauthorized construction and misuse.
• The matter is linked to violations reported across DLF Phases 1 to 5, including excess floor coverage, additional floors and commercial activities in residential properties.
• Authorities had previously identified over 5,000 suspected violations and issued notices to property owners.
• The decision is expected to strengthen compliance measures and accelerate enforcement action across several residential colonies in Gurugram.Read more