The Enforcement Directorate (ED) is investigating Omkar Developers and Piramal Group for a Rs. 2,000 crore loan amidst money laundering allegations. Omkar promoters were arrested, and Sachin Joshi was implicated in laundering Rs. 87 crore.
Maharashtra's slum rehabilitation scheme faces challenges due to the real estate market slump, impacting developers' profitability and project timelines. SRA CEO remains optimistic, citing potential demand for cheaper flats.