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Latest StoriesRegulatory

ED Apprehends Fugitives Linked to Universal Buildwell

CHANDIGARH: The Directorate of Enforcement (ED) from the Gurugram Zonal Office announced the arrest of Raman Puri, Varun Puri, and Vikram Puri—former directors and promoters of Universal Buildwell Pvt Ltd—under the Prevention of Money Laundering Act for involvement in alleged real estate fraud. The trio, who were on the run for over seven years and declared proclaimed offenders by multiple courts, were arrested by the Delhi Police. The special PMLA court in Gurugram ordered the trio to be held in ED custody until July 29. The investigation was initiated after more than 30 FIRs were filed against Universal Buildwell Pvt…

Latest StoriesResidential

Sector 53 Housing Scheme in Chandigarh Poised for Launch

Representative image CHANDIGARH: The board of directors of the Chandigarh Housing Board (CHB) has approved the launch of the housing scheme in Sector 53. “For the final approval, CHB has submitted the proposal to the UT administrator. Once it is approved, we will initiate the launch process. Most preparations are complete, and it will take about a month after the approval to officially launch the scheme,” said a UT official. The scheme has faced delays for over seven years. Initially, it was set to launch in 2018, but a demand survey indicated limited interest due to high unit costs. Although…

IndustryLatest Stories

Mumbai: SRA Gathers ₹1,386 Crore Rent from Builders in 3 Years

Representative image created by AI MUMBAI: In a significant effort to tackle builders who are defaulting on rent payments to slum dwellers, the Slum Rehabilitation Authority (SRA) has successfully collected dues amounting to Rs 1,386 crore over the past three years. This includes Rs 601 crore from regular schemes, Rs 134 crore from an amnesty program, and Rs 650 crore due to a new directive mandating builders to prepay two years of rent to the agency. According to SRA data, out of the Rs 880 crore owed from regular projects, Rs 279 crore remains uncollected. Additionally, the outstanding amount from…

Latest StoriesRera

Haryana RERA Orders Assotech to Refund ₹39 Lakh to Buyer

GURUGRAM: The Haryana Real Estate Regulatory Authority (HRera) has ordered Assotech Ltd to refund ₹38.5 lakh to a homebuyer for failing to deliver a flat in its Assotech Blith project located in Sector 99, Gurgaon. The complainant, Vineet Minocha, purchased a 3BHK unit (G-503) in 2012 for ₹1 crore, with possession promised by March 2016. Despite paying ₹38 lakh, the unit remained incomplete. The builder later requested consent to resell the unit, assuring a refund within two months, which was not fulfilled. HRera has now mandated the refund of the paid amount along with 11% interest. Minocha provided a consent…

InfrastructureLatest Stories

Setback for GMADA’s land pooling policy in Mohali

Representative image MOHALI: The Greater Mohali Area Development Authority’s (GMADA) ambitious land pooling policy has faced significant pushback, with only 51 applications received from nearly 8,000 eligible landowners after a two-month campaign to acquire 2,600 acres for urban development. The initiative, intended for regulated growth across Sectors 84, 87, 101–103, and 120–124 along the PR-7 road, has met fierce opposition from local farmers and political parties. Protests organized by Congress have already occurred, with the Shiromani Akali Dal planning similar actions soon. Farmer organizations from villages like Patton, Siaou, Badi, Kishanpura, Kurdi, and Matran have submitted a formal memorandum to…

Latest StoriesRegulatory

Delhi HC requests government response on alleged illegal construction

NEW DELHI: On Wednesday, the Delhi High Court requested responses from the Delhi government, MCD, and DDA regarding a petition calling for a ban on unauthorized constructions in various parts of the national capital, particularly Jaitpur extension and Badarpur. A bench headed by Chief Justice D K Upadhyaya and Justice Tushar Rao Gedela issued a notice to the respondents, instructing them to provide a response by July 30. The court was reviewing claims that illegal constructions were responsible for accidents, including building collapses, and endangering local lives. The petition asserted that unauthorized constructions in Jaitpur extension-II had obstructed residents from…

Latest StoriesRera

Telangana RERA Fines Roy All Diamond for Plot Fraud

Sure! Here’s a rewritten version of the provided content: HYDERABAD: The Telangana Real Estate Regulatory Authority (TGRERA) has levied a penalty of ₹4.5 lakh on Roy All Diamond Infra Developers for misrepresentation and unauthorized marketing of a residential plot. The authority found that the firm had taken ₹9 lakh from complainant Madikonda Mallesh despite not having any legal ownership or authorization over the property. Mallesh, a 40-year-old government employee from Mallapur, lodged a complaint after realizing that the plot he intended to buy in the undertaking ‘Kaasvi E-City’ did not actually belong to the developer. In his complaint, he reported…

Latest StoriesRegulatory

ED Takes Custody of Two Ramprastha Group Directors in ₹1,100 Crore Fraud

Representative image created by AI GURUGRAM: The Enforcement Directorate (ED) has secured a two-day custody of Sandeep Yadav and Arvind Walia, the promoters of the Haryana-based Ramprastha Group, as part of a money laundering investigation tied to an alleged ₹1,100 crore fraud involving homebuyers. The arrests occurred on Monday following raids at three locations in Delhi and Gurugram, including the residences of the directors, conducted by the ED’s Gurugram zonal office. Yadav and Walia are directors and major shareholders of Ramprastha Promoters and Developers Pvt Ltd (RPDPL). They were detained under the Prevention of Money Laundering Act (PMLA). The federal…

IndustryLatest Stories

Sunteck Realty to Co-Develop 3.5 Acres in Mumbai

Representative image NEW DELHI: Sunteck Realty (SRL) has secured a joint development agreement (JDA) for a project on approximately 3.5 acres (13,500 sq meters) of land in Mira Road, Mumbai. The company forecasts a saleable area of about 5.5 lakh sq ft from this development. The estimated gross development value (GDV) of the project is around ₹1,200 crore. Published On Jul 23, 2025 at 06:21 PM IST Join 2M+ industry professionals. Subscribe to our newsletter for the latest insights and analysis delivered to your inbox. Access ETRealty industry news on your smartphone!

Latest StoriesResidential

Maharashtra Housing Policy: Homes for All, Slum-Free State

Representative image created by AI MUMBAI: The Maharashtra government’s new housing policy, “My House, My Right,” aims to provide affordable housing for all, redevelop older buildings, and transform slums through public-private partnerships. A Government Resolution for this policy was approved by the state cabinet in May and was released by the Housing Department on Wednesday. The government anticipates an investment of Rs 70,000 crore during the policy’s implementation. With a focus on “Housing for All,” the policy aims for a slum-free state, prioritizing economically weaker, lower-income, and middle-income groups. The government plans to construct 3.5 million houses over five years,…