Adani Properties highest bidder for MHADA’s Worli, Bandra redevelopment projects

Adani Properties has emerged as the highest bidder for MHADA’s cluster redevelopment projects at Adarsh Nagar in Worli and Bandra Reclamation, while a consortium comprising Hanura Realty, Chandak Realtors, Premsagar Infra Realty and Vantier Realty has emerged as the highest bidder for the S.V.P. Nagar project in Andheri West.

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ED arrests real estate businessman Vikram Wadhwa in ₹645-crore IDFC First Bank 'fraud' case

The ED has arrested real estate businessman Vikram Wadhwa, the third arrest in a money laundering probe involving Rs 645 crore embezzled from Haryana government, Chandigarh administration, and two schools. Wadhwa allegedly received over Rs 70 crore in crime proceeds and played a key role in layering and concealing laundered funds.

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NCLAT offers Supreme Housing final chance to settle Canara Bank dues

Supreme Housing promoters have a final opportunity to settle their debt with Canara Bank. The National Company Law Appellate Tribunal has ordered a deposit of ₹460 crore by June 13. This is the third chance for the company to resolve its financial obligations. Failure to meet this deadline will allow the insolvency process to proceed.

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Airbnb leases 46,437 sq ft office space in Gurugram’s DLF Cyber City

Airbnb Global Capability Center has leased 46,437 sq ft office space in DLF Cyber City, Gurugram, from DLF Cyber City Developers for a five-year term, according to lease documents accessed through Propstack. The company will pay a monthly rent of about Rs 61.53 lakh for the office space.

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ED attaches ₹634-crore assets in money laundering case against Unitech realty project

The Enforcement Directorate has attached assets worth Rs 634 crore belonging to Unitech Group's Noida project. This action is part of a money laundering investigation. The probe is linked to alleged fraud involving homebuyers' funds. The attached properties include land and equity. This development follows earlier attachments and chargesheets filed by the agency.

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Hyderabad's Raidurg area witnesses a record-breaking land auction as one acre fetches ₹237 crore

Hyderabad's Raidurg witnessed a record-breaking land auction as one acre fetched Rs 237 crore, significantly surpassing previous benchmarks. Gowra Ventures Pvt Ltd secured the 6.29-acre parcel for IT and mixed development. This phenomenal price, 70% over the reserve, underscores investor confidence in Telangana's burgeoning economic landscape and Hyderabad's prime real estate appeal.

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Mumbai developer accuses former partner of cheating him out of ₹11.51 crore

A Mumbai developer has accused his former partner of cheating him out of Rs 11.51 crore by allegedly concealing the prior sale of 19 flats in a Bandra East slum rehabilitation project. The Economic Offences Wing has registered an FIR for cheating, forgery, and breach of trust against the accused, who is alleged to have diverted sale proceeds.

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