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Catena Homes India faces ₹25-crore fraud claims over fake leases

BENGALURU: Catena Homes India Pvt Ltd, a Bengaluru-based property management company, is facing significant backlash after seven FIRs were lodged at various police stations. The complaints accuse the firm and its directors of defrauding tenants and homeowners of nearly Rs 25 crore through fraudulent lease and rental schemes. Authorities have arrested three individuals: Naveen, Raman, and Ranjith. The incidents span several areas, including Parappana Agrahara, Varthur, Ramamurthy Nagar, Amruthahalli, and Electronic City. The first complaint was registered by a resident of Bengaluru, who reported losing almost Rs 10 lakh on September 1 after being misled by the company’s rental promises.…

Ajmera Realty’s FY26 Pre-Sales Reach ₹1,701 Crore

NEW DELHI: Ajmera Realty & Infra India Ltd has announced a remarkable 57% increase in pre-sales to ₹1,701 crore for FY2026, driven by new project launches and consistent demand. The company reported sales of 6.6 lakh sq ft during the fiscal year, which is an 11% rise compared to the prior year. Collections surged by 71% to reach ₹1,103 crore. According to Dhaval Ajmera, Director of Corporate Affairs, “We have not only surpassed our annual pre-sales expectations but also achieved the highest-ever pre-sales figure of ₹1,701 crore. Our collections of ₹1,103 crore in FY26 reflect exceptional market absorption of our…

ED Arrests Earth Infrastructures’ Promoters in ₹2,004 Crore Fraud

NEW DELHI: The Enforcement Directorate (ED) has apprehended four promoters of a real estate company as part of a money laundering investigation linked to a reported Rs 2,004-crore scam that has impacted over 19,000 homebuyers and investors. The individuals involved–Avdhesh Kumar Goel, Rajnish Mittal, Atul Gupta, and Vikas Gupta–are directors of Earth Infrastructures Ltd. They were taken into custody on June 1 under the Prevention of Money Laundering Act (PMLA), according to an official announcement made on Tuesday. The accused were presented before a specialized PMLA court in Delhi, which granted the agency five days for further interrogation. The federal…