ED searches at 17 locations in corporate insolvency process case

The Enforcement Directorate conducted searches across Maharashtra and Delhi in a money laundering probe linked to alleged irregularities in a corporate insolvency resolution process. The investigation targets Suraksha Asset Reconstruction Company, Suraksha Realty, Khyati Realtors, their associates, and a former YES Bank employee, focusing on fraudulent loan grants and asset takeovers.

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ED attaches fresh assets worth ₹503 crore of Raheja Developers

The Enforcement Directorate has attached fresh assets worth approximately Rs 503 crore in a money-laundering probe against Raheja Developers and its promoter, Navin M Raheja. This action is part of an investigation into alleged fraud against homebuyers, with the agency claiming substantial funds were diverted. The total value of attached assets now stands at around Rs 1,617.29 crore.

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SC agrees to hear plea to formulate scheme concerning flats under subvention plan

The Supreme Court has agreed to hear a plea demanding a scheme where builders and lenders share equal loss if subvention plan flats aren't delivered. This comes after a homebuyer alleged being forced to pay EMIs for a non-delivered flat. The court also sought a structured debt-relief plan for stalled projects.

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Embassy Group calls REIT petition 'recycled claim'; Bombay HC grants Sebi six weeks to examine representations

The response came after a Division Bench of Justices R I Chagla and Farhan P Dubash recorded SEBI's statement that it was examining representations submitted by petitioner Chayan Upadhyay regarding whether Respondent including Embassy Property Developments Pvt Ltd, its Directors satisfy the "fit and proper person" criteria under the SEBI (Real Estate Investment Trusts) Regulations, 2014, read with Schedule II of the SEBI (Intermediaries) Regulations.

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NGO writes to Tamil Nadu CM to scrap approvals for Brigade's project in Perumbakkam

An NGO has petitioned the state government to cancel approvals for a residential project in Perumbakkam. Arappor Iyakkam alleges the site is within the protected Pallikaranai marshland. The NGO states construction violates wetland rules and a Supreme Court order. They demand immediate stoppage of work and action against officials who granted permissions.

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Casagrand Premier Builder's ₹1,220-crore IPO get Sebi's green light

Casagrand Premier Builder has received approval from Sebi to launch its initial public offering. The company plans to raise Rs 1,220 crore through this IPO. Funds will be used for debt repayment and general corporate purposes. The real estate firm is a prominent developer in Chennai and other cities. The shares will be listed on BSE and NSE.

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About 5.40 lakh homes scheduled for delivery in 2026 across top seven cities: Anarock

MMR, Pune and Bengaluru together account for about 70% of the homes scheduled for completion in 2026. Anarock said a prolonged Middle East conflict could add pressure on delivery timelines through higher logistics costs and construction material inflation.

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