Tag: Ramprastha Promoters and Developers

Latest StoriesRera

Haryana RERA Orders ₹21 Lakh for Delayed Flat Booking in 2008

GURUGRAM: A local developer has been ordered to compensate a homebuyer due to delays in delivering possession of a residential unit. Additionally, a refund of the invested amount “does not prevent further compensation,” as stated by the Haryana Real Estate Regulatory Authority (Hrera) – the buyer is set to receive over Rs 21 lakh. This order, issued on March 17, followed a complaint filed by Nishant Mehra against Ramprastha Promoters and Developers. The residential unit in Sector 37D, part of the Edge Towers project within Ramprastha City, was initially promised for delivery by August 2012. The developer is required to…

Latest StoriesRegulatory

PMLA Court Denies Jailed Director’s Request for Online Meetings

CHANDIGARH: In a significant ruling, the Special PMLA court in Gurgaon denied requests from Arvind Walia, an imprisoned director of Ramprastha Promoters and Developers Private Ltd, to conduct online meetings or manage professional responsibilities from jail. Walia is currently held in Gurugram jail after his arrest by the Enforcement Directorate (ED). Walia and fellow director Sandeep Yadav were taken into custody on July 21 last year, accused of defrauding over 2,000 homebuyers by collecting approximately ₹1,100 crore across various real estate projects, failing to deliver possession for over 14 years. Through his lawyer, Walia submitted applications to Judge Vani Gopal…

Latest StoriesRegulatory

ED Arrests Two Directors of Ramprastha Group

NEW DELHI: The Enforcement Directorate arrested Sandeep Yadav and Arvind Walia, promoters of Haryana’s Ramprastha Group, on Monday as part of a money laundering probe linked to an alleged ₹1,100 crore fraud involving homebuyers, according to official sources. The arrests followed early morning raids at three locations in Delhi and Gurugram, including those of the directors, conducted by the federal agency’s Gurugram zonal office. The duo serves as directors and majority shareholders of Ramprastha Promoters and Developers Pvt. Ltd. (RPDPL). They have been taken into custody under the Prevention of Money Laundering Act (PMLA). Attempts to reach the company or…