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Builder Fined by RERA for “Coming Soon” Ads

The Bihar RERA has fined a developer ₹1 lakh for displaying “Coming Soon” posters and online ads for an unregistered project, holding that even minimal promotions violate Section 3 of the RERA Act and defeat buyer protection goals.

Earnest Money Can’t Be Forfeited If Both Buyer and Seller Are at Fault, Rules Supreme Court

The Supreme Court has ruled that earnest money cannot be forfeited when both the buyer and seller are at fault, offering vital clarity on homebuyer rights and equitable remedies in real estate disputes.

🏗️ Realty Stocks Open Flat–To–Steady as Market Begins Trade; Investors Await Broader Market Signals

Real estate stocks kicked off the day flat to steady, with large developers providing early support while mid-caps showed mixed sentiment. The sector looks set for a range-bound session as investors await broader market cues.

ED Attaches ₹51.57 Crore Assets in Ocean Seven Buildtech Homebuyers Fraud Case

The ED has attached properties worth over ₹51 crore linked to Ocean Seven Buildtech in a money laundering case involving diversion of funds collected from homebuyers for incomplete affordable housing projects. Promoter Swaraj Singh Yadav is accused of orchestrating the fraud through arbitrary cancellations, inflated resales, and misuse of escrow funds. Probe continues.

ED Attaches ₹400 Crore Assets in Jaypee Group Money Laundering Probe Over Homebuyers’ Fraud

The Enforcement Directorate has escalated its probe into the Jaypee Group by attaching immovable properties worth ₹400 crore belonging to associated entities. The action targets alleged diversion of over ₹14,000 crore collected from thousands of homebuyers for incomplete projects in Noida, with promoter Manoj Gaur in custody. Investigation continues into fund siphoning to related companies.