Latest Realty News

EOW Submits Papers for Seizure of Golden Land Developer’s Assets
Jun 14, 2014
BHUBANESWAR: The Economic Offences Wing (EOW) of the State Government on Wednesday submitted a proposal before the Finance Department seeking confiscation of the assets of Golden Land Developers Ltd which is charged in the chit fund scam.
Real estate agent booked for rape, circulating objectionable photos of victim
Apr 11, 2014
MUMBAI: The Charkop police are looking for a real estate broker after his female friend lodged a complaint of rape on Tuesday. The 21-year-old woman also stated that the accused had clicked objectionable photos of hers and had begun sending it to her parents.
Realtor held for Rs 10-cr land fraud
Feb 18, 2014
BHUBANESWAR: The Economic Offences Wing (EOW) of Crime Branch (CB) on Sunday arrested a city-based real estate developer for allegedly duping people of Rs 10 crore, promising plots and houses.
Govt attaches properties of 'cheat' fund company
Jan 21, 2014
BHUBANESWAR: The state government has ordered attachment of properties of Flourish Development India, which is accused of misappropriating nearly Rs 100 crore of over 5,000 investors in the state.
Chairman in Pune, thief in Mumbai
Jan 10, 2014
MUMBAI: Nilesh Dattatray Chougle (33) is a well known businessman and a chairman of a huge housing society in Pune but in Mumbai he is a habitual house breaker who has around 110 criminal cases on him.
Chit funds companies under lens in Chhattisgarh
Jan 04, 2014
RAIPUR: Chhattisgarh government has issued an alert to the district and police administration across the state to give a close watch on the activities of chit fund companies.
Builder in the dock for harassment
Dec 06, 2013
GURGAON: The district administration has initiated proceedings against a builder for harassing a flat owner who had complained to the grievances panel last week.
Seashore money invested in Govt projects: BJP
Nov 16, 2013
BHUBANESWAR: The deposited money with the Seashore Group by the investors has been used in many public projects by the Government illegally against the interest of the depositors. In a joint venture with the Government, the money was invested in the OTDC and health projects of the State. Besides, a major portion has been spent in the beautification of river bank of Cuttack, alleged State BJP spokesperson Sameer Mohanty in a Press release here, asking if the money could be returned to the investo
AT Group property may also be liquidated
Nov 15, 2013
BHUBANESWAR: Like Seashore case, the Commissionerate Police may also urge the State Government for liquidation of Artha Tatwa (AT) company’s properties in order to refund duped investors’ money according to the Odisha Protection of Interests of Depositors (in Financial Establishments) Act, 2011, sources said.
CB proposes Govt for Seashore assets liquidation
Nov 12, 2013
BHUBANESWAR: The Economic Offences Wing (EOW) of the State Crime Branch on Monday proposed to the State Government for liquidation of the Seashore Group’s properties in order to refund duped investors’ money according to the Odisha Protection of Interests of Depositors (in Financial Establishments) Act, 2011.
Land surveyor held for taking Rs 3,000 bribe
Nov 04, 2013
NASHIK: Even as the anti-corruption bureau's (ACB) Vigilance Awareness Week was underway, the ACB sleuths last Thursday arrested a land surveyor in Yaval tehsil of Jalgaon while accepting a bribe of Rs 3,000 from a woman.
Investors land up at builder’s house, find him nowhere
Oct 31, 2013
GURGAON: A day after angry investors, who had booked flats in 'Cambrian Forest' housing project in Sector 95, gathered outside the police commissioner's office, 100 of them reached at the Faridabad house of the owner of SKM Refcon Pvt Ltd, only to find him missing.
Wadias, Rahejas in battle over prime Mumbai land
Oct 26, 2013
MUMBAI: The Wadias are gearing up for another war. This time, the battle is over vast tracts of land owned by a Nusli Wadia-run estate in Mumbai. While the Wadia camp claimed the dispute was over 350 acres, the Rahejas said the dispute pertained to 100 acres.
BJP demands AG removal for at transaction
Sep 04, 2013
BHUBANESWAR: BJP on Monday demanded that an independent body should be entrusted to probe the multi-crore chit fund scam to unearth the alleged involvement of the BJD Government and sought immediate removal of the Advocate General for his criminal misconduct relating to complicity with one of the chit fund kingpins.
Realtor-criminal nexus under Bhubeaneswar police lens
Aug 21, 2013
BHUBANESWAR: Controversial builders seem to be running an empire of hooliganism in the city, if the murder of Manmohan Pradhan is any indication.
Realtor held for duping investors
Aug 03, 2013
BHUBANESWAR: Commissionerate Police Thursday arrested realtor and film producer Ratikant Kanungo on charge of duping investors and collecting lakhs of rupees from them promis­ing land on the city outskirts.
BDA grievance cell turns a flop show
Aug 03, 2013
BHUBANESWAR: Bhubaneswar Development Authority's (BD'A) grievance cell that was started Friday, dedicated to resolve planning-wing related complaints received lukewarm re­sponse from the citizens.
HC rejects realtor's bail
Aug 01, 2013
CUTTACK: The Orissa high court on Tuesday rejected the bail application of realtor Tirupati Panigrahi and two of his associates, who were arrested in December last year for allegedly duping land buyers of crores of rupees.
Duped investors seek refund
Aug 01, 2013
BHUBANESWAR: Investors across the State duped by financial institutions staged a massive rally at the PMG Square here on Wednesday demanding recovery of their money deposited with the fraudulent companies.
Account for refunds by AT beneficiaries
Aug 01, 2013
BHUBANESWAR: The Commissionerate Police has opened a bank account where refunds made by individuals and firms who had benefited from business dealings with Artha Tatwa (AT) Group can be deposited.
HC notice to govt, RBI on Seashore plea
Aug 01, 2013
CUTTACK: Acting on the petition filed by Seashore group of companies seeking defreezing of its bank accounts, Orissa High Court Tuesday served notices on the Reserve Bank of India (RBI), state government , crime branch (CB) of the state police and others to respond in this connection.
Seashore CMD denied bail
Jul 27, 2013
BHUBANESWAR: Seashore Group CMD Prashant Kumar Dash was on Friday produced before the Nabarangapur Sub-Divisional Judicial Magistrate (SDJM) Court here for his alleged fraudulent activities and embezzlement of money through Seemanchal Multi Purpose Cooperative Ltd in the periphery of Nabarangpur.
Chargesheet against Artha Tatwa chief
Jul 11, 2013
BHUBANESWAR: Police on Wednesday filed preliminary chargesheet in a trial court here against Artha Tatwa (AT) Group CMD Pradeep Sethy and six others accusing them of embezzling public deposits worth crores of rupees. The development came a day after the state government announced Rs 300-crore corpus fund for victims of various chit fund companies.
300 cr fund for chit fund victims
Jul 11, 2013
BHUBANESWAR: Taking a cue from West Bengal, chief minister NaveenPatnaik on Tuesday announced Rs 300 crore corpus fund for victims of the multi-crore chit fund scam. "Under no circumstance will my government allow genuine investors to suffer. We are putting in place a strong legal and financial arrangement so that people do not suffer undue loss," the CM said in a statement.
Seashore Group into Diamond Trade
Jul 06, 2013
BHUBANESWAR: The Eco­nomic Offences Wing, which is investigating the financial fraud by Seashore Group, has found that the company was also into diamond busi­ness. Seashore chief Prashant Dash, who was arrested from Mumbai last month, fre­quented the Western Indian States in connection with its diamond business too. He had visited Surat apart from operating out of Mumbai.

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