Gurugram: Orris Infrastructure, its directors booked for cheating in land agreement

Gurugram police filed a cheating case against Orris Infrastructure and its directors. Complainants allege fraud in a land agreement involving agricultural property near Manesar. The builder allegedly transferred allotted plots to third parties despite prior agreements. Legal heirs discovered plot transfers and construction on their land this year. Investigation is underway to verify facts and take legal action.

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Actor John Abraham buys century-old Bandra bungalow for ₹84 crore

Actor John Abraham recently bought a historic bungalow in Bandra West for eighty-four crore rupees. This property, built in nineteen twenty-six, was owned by the DeVitre family. Abraham also purchased a Linking Road bungalow in Khar for seventy-five crore rupees last December. Many Bollywood personalities invest heavily in Mumbai real estate for personal and investment reasons. Celebrities often prefer properties in the Bandra to Andheri suburbs.

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Redevelopment agreement not a property receipt, so not taxable: ITAT

Mumbai ITAT ruled agreement registration does not mean property receipt. Tax cannot be levied on future property rights under anti-abuse provisions. The tribunal allowed a taxpayer's appeal against a ₹1.38 crore tax addition. Registration creates contractual rights, not actual property possession or receipt. This decision clarifies tax treatment for ongoing redevelopment projects in Mumbai.

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ED attaches 389 properties worth ₹240 crore in Grand Venezia money laundering case

The Enforcement Directorate has provisionally attached 389 immovable properties worth ₹240.03 crore in a money laundering case linked to Bhasin Infotech and Infrastructure, Grand Venezia Commercial Towers, Satinder Singh Bhasin and others. The present market value of the attached properties is estimated to be over ₹700 crore.

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SC gives Parsvnath Developers one week to deposit dues to homebuyers, warns next step is jail

The Supreme Court has given Parsvnath Developers one final week to pay homebuyers. Failure to deposit the full amount with 12 percent interest will result in imprisonment. The court expressed strong disapproval of the real estate firm and its directors. This order follows a 20-year struggle by senior citizens for their homes. The court warned that the company's directors would face jail time if non-compliant.

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Smartworks leases over 1,100 seats to L&T Technology Services in Pune

Smartworks has expanded its engagement with L&T Technology Services by adding over 1,100 seats in Pune. The Pune expansion is expected to generate rental revenue of about ₹55 crore over 60 months.

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Regime change lifts hopes of real estate builders in West Bengal

West Bengal's new govt is expected to boost real estate activity significantly. Developers anticipate land reforms, including the repeal of a key act, to unlock development. Investment commitments exceeding ₹28,000 crore have already been secured by the state. Enhanced connectivity and swifter government approvals will further accelerate sector growth.

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