Orris Infrastructure's MD Amit Gupta arrested by Mumbai police in cheating case

Amit Gupta, the managing director of Orris Infrastructure, has been taken into custody by Mumbai Police following a complaint from Godrej Properties Limited. The allegations involve serious charges of forgery, cheating, and criminal conspiracy tied to a collaborative project. Under the Bharatiya Nyaya Sanhita, Gupta stands accused of unlawfully altering records, sparking worries among homebuyers eager for their properties' possession.

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SBI acquires commercial property in Pune’s Kharadi for ₹414 crore

The State Bank of India has finalised the acquisition of a commercial property in Pune for Rs 414 crore. This deal covers both land leasehold rights and a commercial structure situated in Kharadi, a bustling business district.

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ED files status report in sealed cover on investigation into the role of DLF

The Enforcement Directorate has requested additional time to continue its investigation into the Shikohpur land deal, providing necessary documents to the accused. A translation certificate was also submitted. Robert Vadra attended the hearing via video link, but the court expressed dissatisfaction with an unanswered question in the status report. Further proceedings are scheduled for September 23.

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Ghaziabad development body set to clear stalled Ansal township map

Ghaziabad Development Authority board will approve Ansal township layout on Friday. This decision follows Supreme Court criticism of authorities' delayed approvals. The court directed the state government and GDA to consider the proposal. One City Infrastructure Pvt Ltd is tasked with completing the stalled project. This action offers relief to 1,600 homebuyers waiting for their flats.

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Delhi master plan 2047 unveiled; envisages 40 lakh affordable homes

The Delhi Master Plan 2047 envisages development of around 40 lakh new affordable housing units, redevelopment of existing residential areas and planned urban expansion through land pooling. The plan also proposes transit-oriented development, higher FAR incentives, regularisation of unauthorised colonies and conservation of heritage assets.

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ED attaches properties worth ₹71.60-crore in 32nd Avenue Group money laundering case

ED said its investigation has revealed an "organised and systematic modus operandi" in which investors were induced to purchase commercial units in lieu of assured long-term leases, fixed rental income, buy-back arrangements and periodic increase of returns.

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Builders line up to buy bankrupt developers as land prices rise

Small and mid-sized developers are increasingly using insolvency proceedings to acquire distressed real estate companies as land prices soar in major cities. With projects, development rights and urban assets on offer, NCLT-approved deals are rising, but buyers face risks involving titles, approvals, litigation, liabilities and stalled project execution.

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