Real Estate News Updates for July 11

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Regulatory

CBI arrests Tirupati Infraprojects' CMD in Rs 289 crore bank fraud case

The CBI has arrested Jag Mohan Garg, chairman and managing director of Tirupati Infraprojects Private Limited, in a Rs 289.15 crore bank fraud case, officials said on Monday. It has been alleged that the company illegally diverted loan funds which it had taken for a high-end hotel project in west Delhi.

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Residential

Noida: Banks drag feet on loans, Sampada Livia taken up by buyers is stuck again

NOIDA: A housing society in Greater Noida where homebuyers were allowed by UP-Rera to complete flats stuck for over a decade is now mired in a new controversy.

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Industry

MICL Real Estate acquires development rights of 10 housing societies in Mumbai

Infrastructure developer Man Infraconstruction’s property development entity MICL Real Estate has acquired development rights of a total 10 adjoining housing societies in Ghatkopar suburb of Mumbai.

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Regulatory

Delhi Court sends Supertech's chairman to judicial custody till July 24

NEW DELHI: Delhi's Patiala House Court on Monday sent Supertech's Chairman RK Arora to Judicial Custody till July 24, 2023. He was recently arrested by the Enforcement Directorate in connection with a money laundering case and was on ED remand.

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Infrastructure

Gurugram: 22 more illegal colonies likely to be regularised, second list sent to government

GURUGRAM: The district administration on Monday has sent a proposal to the state government for regularisation of 22 illegal colonies. This is the second list, and the first list — comprising 11 colonies — was sent on June 27 this year.

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Popular Among Readers:

DDA launches housing scheme for 5,500 flats on first-come, first serve-basis

Shivalik Group achieves Rs 300 crore sales in GIFT City residential project within 15 days

Flat agreement price & stamp duty difference can't be taxed: ITAT

Enforcement directorate arrests Supertech's chairman in money-laundering case

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