ED seizes luxury cars, FDs in raids against Orris Infrastructure & Three C Shelters | Uttar Pradesh revises norms for commercial land allotment
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The Enforcement Directorate (ED) has seized several documents from secret lockers located in the office premises of Orris Infrastructure Pvt Ltd, along with luxury cars and various Fixed Deposits (FDs) and Bank Guarantees (BGs) worth Rs 31.22 crore, in connection with an alleged real estate fraud exceeding Rs 500 crore, the agency announced on Tuesday.
The Supreme Court expressed strong displeasure over the handling of a contentious case involving the registration of a real estate project under the Maharashtra Real Estate Regulatory Authority (MahaRera).
UP govt on Tuesday revised the norms for allotment of commercial plots in the city that make it a must for individual bidders, and not just their holding companies, to independently meet all technical criteria, such as net worth, solvency and turnover.
An entire 15-floor block in an apartment complex in northwest Bengaluru will be demolished for violation of the sanctioned plan.
Amazon India has acquired an over 38.18-acre land parcel in Palava near Mumbai from realty developer Lodha, listed as Macrotech Developers, for more than Rs 450 crore with a plan to develop a hyperscale data centre.
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