TG RERA fines Jakkepalli Sri Lakshmi ₹6.17 lakh for promoting unregistered Aaditri's Empire project and fabricating receipts. Only ₹44.9 lakh of ₹1.2 Cr reached builder. Authorities order project completion and warn non-compliant entities.
The SC-appointed Lodha Committee flags illegal sales of 50 plots in Mohali's Sector 104 linked to the ₹48,000 crore Pearl Scam. Sold at one-third market value without proper registration, these transactions involve influential figures.
The CBI registered three FIRs against Logix Infrastructure, Xanadu Estates, and Lotus Green Constructions for alleged land allotment irregularities in Noida’s Sports City projects (2011-2017), causing ₹9,000 crore loss. Initiating action per Allahabad High Court orders, raids were conducted, uncovering collusion between developers and officials. The scam involved underpriced land, unauthorized...
MahaRERA mandates disclosure of apartment sales and reservations to curb fraudulent practices by developers and protect buyers.