The chairperson of WBREAT stated, “As the basis for the case in the Consumer Commission proceedings is the same as that of the Regulatory Authority, the complainant must choose one of the two options and cannot pursue both at the same time.”
BERHAMPUR: Odisha Police arrested a 43-year-old realtor in the Ganjam district for allegedly defrauding nearly 200 individuals of over Rs 5 crore under the guise of allotting residential plots, officials reported on Sunday. The accused, Chetan Kumar Choudhury, is the son of a former president of the district’s Congress unit. According to police reports, Choudhury, residing in Gosaninuagaon, Berhampur city, collected monthly installments from buyers via his office staff since August 2019, promising to allot plots by September 2021. However, as the promised date arrived, when investors sought their plots, Choudhury allegedly denied any responsibility, claiming the receipts were fraudulent…
MUMBAI: IL&FS is set to pursue new valuations for its headquarters located in the Bandra Kurla Complex (BKC). A 25% increase in its current valuation is anticipated following approval from the National Company Law Tribunal (NCLT) to consider the recent surge in Mumbai’s real estate market, according to a source familiar with the situation. The tribunal has mandated Brookfield Asset Management, the global institutional investor, to renew the performance guarantee originally submitted during the bidding process for the property in 2022. “The existing valuation of ₹1,722 crore was established in 2024, and new valuations are projected to be between ₹2,000…
Sure! Here’s a rewritten version of the content: NEW DELHI: On Friday, the Supreme Court declined to consider a petition that challenged a Delhi High Court ruling stating that there would be no halt to the demolition of the Signature View Apartments in Mukherjee Nagar, New Delhi. The petition was presented to a bench comprising Justices Sanjay Kumar and Alok Aradhe, seeking a suspension of the interim order issued by a division bench of the high court on September 17. The Signature View Apartments are part of a multi-storey residential project initiated by the Delhi Development Authority (DDA) in 2010.…