The Latest
🏗️ 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.