Tag: Mohali

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…

Latest StoriesResidential

Mohali Launches 50th Affordable Housing Project in Sector 114

Representative Image MOHALI: The Greater Mohali Area Development Authority (GMADA) has launched its 50th affordable housing project, introducing a revised layout plan for a new residential plotted colony spanning 25 acres in Sector 114, village Kailon, Tehsil Mohali. Dubbed “White City,” this initiative is being developed by a private company, according to GMADA officials. A public notice regarding the updated layout has been issued by GMADA, inviting interest from potential buyers and stakeholders. Over the years, Mohali has seen a consistent increase in affordable housing developments, driven both by GMADA and private developers. Areas like Kharar, Banur, and sectors such…

Latest StoriesResidential

No House Photo Needed for Property Tax: Mohali Mayor

MOHALI: In a significant development, Mayor Amarjit Singh Sidhu has announced that the Mohali Municipal Corporation (MC) will soon eliminate the requirement for residents to submit front and back photos of their houses when paying property tax. This decision follows concerns expressed by councillors. The issue was raised during a recent MC House meeting, where councillors noted that many residents were hesitant to pay property tax due to the photograph requirement. Some homeowners have made changes to their properties and are waiting for approval under the need-based changes policy. They worry that submitting photos could lead to violation notices from…

IndustryLatest Stories

Homeland Group, VRC Buy Mohali Land for ₹1,000 Crore+

Representative image NEW DELHI: Homeland Group, in collaboration with construction firm VRC, has procured two mixed-use land parcels in Mohali via a Greater Mohali Area Development Authority (GMADA) e-auction, with a total investment exceeding ₹1,000 crore. The larger acquisition involves a 5.5-acre lot near the Chandigarh border, purchased at approximately ₹70 crore per acre, contributing around ₹400 crore to GMADA’s revenue. In another separate acquisition, the developers secured a 13-acre parcel in Sector 62, Mohali, at about ₹47 crore per acre, resulting in a total bid value of over ₹600 crore. Both parcels are slated for development as mixed-use projects…

CommercialLatest Stories

Punjab to Develop Mohali as Tier-I IT Hub

CHANDIGARH: A session focused on Information Technology and IT-enabled Services took place on the final day of the Progressive Punjab Investors’ Summit 2026, positioning Punjab as a leading hub for tech investments and digital progress. During the session, Seema Bansal, vice-chairperson of the Punjab Development Commission (PDC), stated, “The Punjab government is committed to establishing Mohali as a Tier 1 town within the IT sector.” “The state administration is prioritizing key areas like governance, academia, and infrastructure to realize this vision,” she added. Bansal also noted that several manufacturing firms in the state have begun incorporating AI technologies into their…