Tag: Delhi-NCR

Latest StoriesResidential

Delhi: 800+ Flats Sold in One Month Under Apna Ghar

NEW DELHI: The Delhi Development Authority (DDA) has successfully sold 830 flats within a month of launching the Apna Ghar Awaas Yojana 2025, with 630, or 75%, of the units located in Narela. Officials reported that 150 flats were sold in Loknayakpuram and 50 in Siraspur. “The scheme’s impressive progress is particularly noticeable in Narela, where all 115 EWS flats in Sector A1 A4 were sold out. Moreover, the MIG flats in Loknayakpuram are nearly fully booked,” an official stated. This initiative presents ready-to-move-in homes at discounted prices across several categories, including those for economically weaker sections (EWS), low-income groups…

Latest StoriesRegulatory

ED Raids Raheja Developers Over Homebuyer Fraud Case

NEW DELHI: On Tuesday, the Enforcement Directorate reported the seizure of “incriminating” documents and asset details during searches of real estate firm Raheja Developers Ltd. and its directors, as part of a money laundering investigation linked to alleged fraud against homebuyers. The raids occurred on June 27 in Delhi-NCR and Mohali, Punjab. The ED’s money laundering case arises from several FIRs filed by the Economic Offences Wing (EOW) of the Delhi Police against Raheja Developers Ltd, its Managing Director Naveen Raheja, and others. The agency stated that the FIRs claim “substantial” sums were fraudulently collected from investors and homebuyers with…

Latest StoriesRegulatory

SC Approves M3M Group’s Request to Substitute Attached Property

Supreme Court NEW DELHI: The Supreme Court has granted M3M Group’s request to substitute a property initially attached by the Enforcement Directorate under the Prevention of Money Laundering Act, 2002. A bench consisting of Justices P S Narasimha and R Mahadevan ruled that the property substitution is contingent upon nine conditions recommended by the ED. The bench stated, “We have heard Dr. Abhishek Manu Singhvi, senior counsel for the petitioner, and have considered the matter thoroughly. The petitioners, M/s. M3M India Pvt. Ltd. and M/s. M3M India Infrastructure Pvt. Ltd., have submitted an affidavit agreeing to the stipulations. While we…

Latest StoriesRegulatory

NGT Notifies Delhi Jal Board for Illegal Borewells

NEW DELHI: The National Green Tribunal (NGT) has issued a notice to the Delhi Jal Board (DJB) following allegations that private builders have illegally installed borewells and are extracting groundwater without authorization. Arun Kumar Tomar, the petitioning individual, asserted that he had brought this issue to the attention of the DJB chairman on January 20, but no subsequent actions were taken. Tomar accused 19 private builders of digging illegal borewells throughout Delhi. The NGT bench, headed by Justice Prakash Shrivastava, acknowledged that the claims necessitate verification through a site inspection by the DJB. The bench also emphasized that the appropriate…