Delhi HC seeks ED stand on Nayan Raheja's plea against money laundering case

The Delhi High Court has asked the Enforcement Directorate for its stance on a plea. Nayan Raheja seeks to quash a money laundering case filed in 2022. This case stems from the delayed delivery of approximately 4,600 residential flats. The allegations involve diverting substantial funds collected from homebuyers for non-construction purposes. The court has scheduled further hearings after reviewing the status report.

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Housing ministry advises four-month RERA extension for projects hit by West Asia disruption

The Ministry of Housing and Urban Affairs has advised state RERA authorities to grant a four-month extension in registration and completion timelines of eligible real estate projects. The advisory applies to projects whose completion date, revised completion date or extended completion date falls on or after February 28, 2026.

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Innov8 founder buys Golf Links bungalow for ₹85 crore

Ritesh Malik, Innov8 founder, purchased a bungalow in Delhi's Golf Links for Rs 85 crore. This transaction marks a trend of corporate leaders acquiring upscale properties in the area. India Sotheby's International Realty facilitated this high-value residential deal for both parties. Golf Links has become a preferred destination for entrepreneurs seeking prime locations. Several other prominent figures have also bought properties in this exclusive Delhi neighborhood.

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ED searches Imperia premises in homebuyers’ fraud case; seizes ₹50.50 lakh, luxury vehicles

The Enforcement Directorate conducted searches and surveys at eight residential and business premises linked to Imperia Wishfield, Imperia Structures, their promoter directors and the resolution professional. The investigation relates to alleged non-delivery of projects, assured-return defaults and diversion of homebuyer funds.

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Vedanta to demerge real estate business into Vedanta Property Platforms

Vedanta’s board has approved a draft scheme of arrangement to demerge its real estate business into Vedanta Property Platforms. The surplus real estate portfolio comprises about 2,200 acres of land and about 55,000 sq ft of residential and commercial properties.

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SC stays issuance of work order till Aug 13 in Bandra, Worli cluster redevelopment projects

The Supreme Court has temporarily halted work orders for cluster redevelopment projects. These projects involve 132 acres in Bandra Reclamation and Worli areas. Housing societies had challenged the government's decision to redevelop these lands. The apex court will hear the matter again on August 13. Until then, no work orders for the redevelopment will be issued.

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Bombay HC quashes PMLA case against D B Realty, its managing director

Bombay High Court quashed a money laundering case against D B Realty and Vinodkumar Goenka. This criminal proceeding was linked to the Maharashtra Sadan construction controversy involving Chhagan Bhujbal. The court accepted arguments that transactions did not constitute proceeds of crime. The Enforcement Directorate had not challenged discharge orders for other parties in the case. This ruling effectively ends the money laundering allegations against the company and its director.

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