Tag: Mohali

IndustryLatest Stories

Mohali Body Sets 15-Day Deadline for Land Pooling Claims

Representative AI image MOHALI: The Greater Mohali Area Development Authority (Gmada) has called on landowners whose properties were acquired for the Eco City-3 project in New Chandigarh to submit or update their claims under the land pooling scheme. In a public notice, Gmada encouraged landowners who have not yet opted for the land pooling option to download the required application form, fill in the necessary revenue details, and submit it to the Land Acquisition Collector (LAC) office, Gmada. The authority has also requested that landowners who have previously applied under the scheme confirm or update their land pooling preferences within…

Latest StoriesResidential

Residents protest waterlogging, incomplete amenities in Zirakpur

MOHALI: Residents of Aura Homes near Nabha Sahib organized a protest on Friday due to ongoing issues with waterlogging, seepage in their flats, and insufficient civic infrastructure. They claim the builder abandoned the project after selling most units. Waving placards and chanting slogans, residents pointed out that several promised amenities—including a clubhouse, park, gated entrance, boundary wall, effective sewerage system, sewage treatment plant (STP), rainwater harvesting system, and paved internal roads—remain unfulfilled despite multiple assurances. Resident Sahil mentioned that even light rainfall results in significant waterlogging in the community, highlighting the absence of a reliable drainage system. Water collects in…

IndustryLatest Stories

Gillco Group to invest ₹800 crore in Mohali housing project

Representative AI image NEW DELHI: Gillco Group plans to invest ₹800 crore in the Gillco Meraqui residential project located in sector 126, Mohali, as announced by the company’s Managing Director, Tejpreet Singh Gill. The development will feature 444 apartments across six towers, promising a total revenue potential of approximately ₹2,300-2,400 crore. The company has opened sales for 250 apartments, investing around ₹400-450 crore. Expected sales from these units are estimated at ₹1,200 crore. Situated on 12 acres along PR-7 Airport Road, the project will offer 3+1 and 4+1 bedroom apartments, with starting prices around ₹4 crore and a rate of…

Latest StoriesRegulatory

Mohali: Suntech City Developer in ED Custody Over ₹172 Cr Case

MOHALI: A special court has placed realtor Ajay Sehgal in the custody of the Enforcement Directorate (ED) for three days as part of an ongoing investigation into an alleged money laundering case tied to the Suntech City project. The court granted the ED’s request for extended custodial interrogation, noting that new facts had come to light during the investigation, necessitating more in-depth questioning of the accused. Sehgal will be in ED custody from June 27 to June 29. The money laundering investigation originates from an FIR lodged at the Mullanpur police station on September 17, 2024, under allegations of cheating,…

Latest StoriesRera

Punjab RERA directs builder to refund fees and obtain completion certificates

MOHALI: The Real Estate Regulatory Authority (Rera) has mandated a builder to refund Rs 5.45 lakh in excess maintenance charges collected from allottees and to secure the necessary Completion and Occupation Certificates. This decision follows a complaint filed by a residents’ association. The authority has emphasized that the builder must deliver all promised amenities as per the project’s brochure and refund charges for the excess area. The complaint was raised by the residents’ welfare association (RWA) of the housing society, citing various deficiencies and non-compliance from the builder. Rera endorsed the residents’ plea, issuing several directives in their favor. Advocate…

Latest StoriesRegulatory

ED apprehends Punjab real estate tycoon in land scam

CHANDIGARH: The Enforcement Directorate (ED) has arrested Ajay Sehgal, a real estate businessman, in connection with a money laundering case involving alleged fake consent letters used to acquire Change of Land Use (CLU) from the Punjab government, officials reported on Saturday. Officials stated that Sehgal, who also serves as Secretary of the Indian Cooperative House Building Society (ICHBS), was apprehended on Friday by the Jalandhar office of the ED under the Prevention of Money Laundering Act (PMLA). Earlier this month, the ED conducted raids at Sehgal’s properties linked to the Suntec City project developed by ICHBS. This investigation originated from…

Latest StoriesRegulatory

Mohali Officials Hand Over Records in ₹150 Crore CLU Fraud Probe

MOHALI: On Monday, two senior officials from the Greater Mohali Area Development Authority (GMADA) attended a session with the Enforcement Directorate (ED) in Jalandhar as part of a Rs 150 crore money laundering investigation linked to significant real estate projects in Mohali. GMADA’s Chief Administrator, Sandeep Kumar, revealed that he did not attend the meeting personally, but that two representatives—including the District Town Planner (DTP) and a superintendent—were sent to provide all necessary documentation pertaining to the case. The officials presented a comprehensive set of records requested under the Prevention of Money Laundering Act (PMLA). The ED is probing the…

Latest StoriesRegulatory

ED Summons GMADA Head in ₹150 Crore Money Laundering Case

MOHALI: The Enforcement Directorate’s (ED) Jalandhar zonal office has summoned the chief administrator of the Greater Mohali Area Development Authority (GMADA) to appear on Monday regarding a Rs 150 crore money laundering investigation. The investigation centers on alleged irregularities in the change of land use (CLU) approvals for two key real estate projects: Suntec City and Altus Space Builders Private Limited. The ED’s notice requires the chief administrator, or a representative with at least gazetted rank, to provide records and evidence at the Jalandhar office. These proceedings, conducted under Section 50 of the PMLA, are judicial in nature. Officials have…

Latest StoriesRegulatory

Haryana: I-T Searches Tehsil Office, Finds ₹45,000 Crore Discrepancies

GURUGRAM: On Tuesday, the income tax department conducted surprise verification and survey operations at sub-registrar offices in Gurugram and Mohali. This action was prompted by reports of significant lapses in the reporting of high-value real estate transactions. The operations commenced early in the day at the tehsil office located in the mini secretariat, where officials have uncovered discrepancies in property transactions amounting to Rs 45,000 crore at the Gurugram tehsil. This initiative is part of a nationwide data-validation effort aimed at evaluating the accuracy and quality of information provided by designated reporting entities. According to the law, sub-registrar offices are…

Latest StoriesRegulatory

ED Raids Punjab Builders in Land Fraud Case

CHANDIGARH: The Enforcement Directorate (ED) executed searches across various sites in Punjab and Chandigarh on Thursday as part of a money laundering inquiry involving certain builders and real estate firms linked to a suspected land fraud scheme, officials reported. Approximately a dozen locations in Mohali and Chandigarh associated with the Suntec City project, and firms such as Ajay Sehgal, ABS Townships, Altus Builders, and Dhir Constructions are currently under examination under the Prevention of Money Laundering Act (PMLA). Sources indicate that a person named Nitin Gohal is also being investigated by the ED, as he is accused of assisting builders…