CBI files two chargesheets in homebuyers' fraud cases

The CBI filed chargesheets against Ithaca Estate and LGCL Urban Homes for cheating homebuyers. Directors and bank officials were also named in the chargesheets filed in Bengaluru. The accused allegedly made false assurances and used deceptive means to gain financial benefits. This investigation is part of a larger probe into 34 builder cases nationwide. The CBI has already filed thirteen chargesheets in these ongoing investigations.

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Builders in Tamil Nadu can register first sale of plots, flats without visiting sub-registrar offices

Applicants will have to upload Aadhaar details of executants, claimants and witnesses, complete biometric authentication through fingerprint or iris scans, upload photographs and make payments online before digitally submitting the documents.

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Court denies bail to ex-director of Lodha Developers in ₹181 crore land scam

A Mumbai court denied bail to Rajendra Lodha, former director of Lodha Developers. He faces allegations of a Rs 181 crore corporate land fraud conspiracy. The court cited his pivotal role and the serious nature of economic offences. Investigations are ongoing, and a crucial auditor's report is awaited. Jail authorities will provide necessary medical care for his conditions.

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India office leasing hits 24.6 million sq ft in Q2 2026: Report

India’s office market recorded gross leasing of about 24.6 million sq ft in Q2 2026, the highest quarterly absorption on record, according to CBRE. New completions stood at about 21 million sq ft during the quarter, while GCCs accounted for 42% of total office space take-up.

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NCLT directs Entertainment City to register minority stake in favour of Parmesh Construction

Insolvency tribunal NCLT has greenlit Parmesh Construction Company's acquisition of a 4.26% stake in Entertainment City, dismissing Unitech Holding's objections. The tribunal ruled that the share transfer by minority investors was valid, despite Unitech's claims of violated shareholder agreements. This decision stems from a broader 100% disinvestment process for Entertainment City, where Parmesh Construction emerged as the successful bidder.

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Mumbai: Builder arrested for alleged land-grabbing fraud in Dahisar

A Vile Parle builder, Kalpesh Kanubhai Shah, has been arrested for his alleged involvement in a massive land-grabbing scam. The fraud reportedly used forged powers of attorney and fake bank accounts to illegally acquire possession of a prime Dahisar land parcel. The scheme came to light after the Bombay High Court flagged discrepancies in property documents. Shah is in police custody as the investigation into the multi-crore land deal continues.

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Haryana RERA directs BPTP to refund maintenance charges to allottee with 11% interest

Haryana RERA’s Gurugram bench has directed BPTP to refund ₹1.16 lakh collected as maintenance charges before handing over possession of a unit in Park Spacio, Sector 37D, Gurugram. The authority also awarded ₹1 lakh as compensation and ₹50,000 as litigation cost.

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