Tag Archives: real estate scam

Odisha Real Estate Feels Crushed By Scams

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Builders of Odisha fear that the real estate market may become crushed as news about real estate scams came out. Odisha Real Estate has determined to wash off the stain away and with this purpose CREDAI- Odisha Chapter has appointed a scrutiny- committee to check out the membership applications.
Odisha real estate builders have become highly cautious

Will Odisha real estate be able to acquire the trust of home- buyers?

Once the news came out as businessman Tirupati Panigrahi was arrested along with two associates of him, the real estate players in the state is cautious as the real estate scam may adversely hit housing market.

Businessman Tirupati Panigrahi and two associates of him were recently arrested for real estate scam. The real estate builders fears that the real estate scam news will hit the real estate sector adversely. The sale of housing –units will be all the more affected. Continue reading →

Real Estate Firm Sued By SWB For Property Damage

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AP State Wakf Board (SWB) plans to sue a real estate firm for damaging its property. Wakf Board officials told that a real estate firm has encroached upon some of Wakf properties in Lakdi-ka-pul.
wakf board sues real estate firm

Real estate firm faces sue from the Wakf board.

The base of the case begins with GHMC (Greater Hyderabad Municipal Corporation) sanctioning a real estate firm to construct a commercial structure near Mumtaz Mansion in Lakdi-ka-pul. The GHMC sanction of a G+4 commercial building was granted to an extent of 2125 sq. m.

The real estate builder soon started foundation works at the site. Later it came to light that some graves were damaged while foundation works were going on. This was reported to the chief minister as well. Continue reading →

Real Estate Deal With Unitech? Hooda’s Son-In-Law Alleged

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Haryana Chief Minister Bhupinder Singh Hooda’s close relatives have acquired a large number of real estate properties in the state. Many of these real estate dealings point to politicians deep relations with the real estate giants.
real estate scam shakes Hooda’s son-in-law

Bhupinder Singh Hooda’s son-in-law prepares to play a game of brain in the real estate sector.

Haryana, being a fertile land for real estate, is always sought after by the real estate builders. Many relatives of Haryana Chief Minister Bhupinder Singh Hooda run companies in the state.

Havelock Developers Pvt Ltd is one among the many. It came in to life in 2007 as a fully owned sub-firm of Unitech builders. Havelock obtained land parcels in many parts of Gurgaon. The firm own land parcels in Gurgaon’s Fazilpur and Badshahpur areas.

Havelock obtained unsecured loans of Rs.6.7 Cr from Unitech, one of the largest real estate builders of the company. Well before the loan tenure came to end in March 31, 2008, Havelock’s ownerships were transferred to Anjali and Kunal Bhadoo, Haryana Chief Minister Bhupinder Singh Hooda’s daughter and son-in-law. The transfer took place in September. Continue reading →

Real Estate Scam Allegation Shakes Pawar Family

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Mr. Y P Singh, an Ex-cop accused Mr. Sharad Pawar of real estate scam. Mr. Singh stated that Mr. Pawar was the center of real scam.

Sharad Pawar Gets Tainted by real estate scam

Sharad Pawar Gets Tainted

Mr. Sharad Pawar has been chosen as another popular personality to be stained with the real estate scam after Mr. Vadra. Mr. Pawar Nationalist Congress Party chief and union agriculture minister was accused of real estate scam by Mr. Y P Singh, an Ex-cop who narrated him as the center of real estate scam.
The same time Mr. Singh pulled out Mr. Arvind Kejriwal for being selective of the politician. Mr. Kejiriwal was accused of hiding information about the Maharashtra real estate scam. Mr. Singh added that Mr. Kejiriwal was exposed only against the BJP ‘s Nitin Gadkari by sparing Mr. Pawar.