Browsing Tag

real estate scam

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In a key ruling, MahaRERA held that even when an Agreement for Sale is silent on the possession date, the builder must hand over the flat within a reasonable period of three years from the agreement date — failing which, interest is payable for the delay period. The order in the Mauli Omkar project case awarded interest from March 2019 to April 2023 to complainant Sabirali Tufhel Shaikh.

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.
The Enforcement Directorate has arrested Amit Katyal, alleged aide of Lalu Prasad Yadav, in a massive ₹300-crore real estate fraud tied to Gurugram’s stalled Krrish Florence Estate project. Investigators uncovered fund diversion, fake bookings, undervalued land sales, and losses to a public sector bank.

Lalu Prasad Yadav’s Close Aide Amit Katyal Arrested in ₹300-Crore Real Estate Fraud: ED Cracks Down

The Enforcement Directorate has arrested Amit Katyal, alleged aide of Lalu Prasad Yadav, in a massive ₹300-crore real estate fraud tied to Gurugram’s stalled Krrish Florence Estate project. Investigators uncovered fund diversion, fake bookings, undervalued land sales, and losses to a public sector bank.
Lodha brothers, Abhishek and Abhinandan, resolve their disputes amicably.

Macrotech Developers Alleges Forgery and Fraud by House of Abhinandan Lodha

Macrotech Developers (Lodha) has accused House of Abhinandan Lodha (HoABL) of forgery and fraud, alleging that HoABL fabricated documents and used the Lodha brand name to deceive customers. The alleged scam involved forging a board resolution and a PAN card to market real estate projects in Goa. Macrotech is considering legal action against HoABL.