Latest Realty News

Builder-held-for-50cr-fraud
Mar 17, 2015
BHUBANESWAR: The Economic Offence Wing (EOW) of the Crime Branch arrested managing director of Sarala Realcon Gayadhar Jena
Sudipta-parked-Saradha-scam-money-in-sick-units:-ED
Mar 16, 2015
Kolkata: Sudipta Sen, the chief architect of the Rs. 2,000-crore Saradha chit fund scam, parked hard earned investor funds into loss-making companies
Saradha-Construction-now-under-CBI-lens
Feb 21, 2015
KOLKATA: After filing the supplementary chargesheet in the Saradha Realty case this week, CBI is focusing on the fourth FIR filed against Saradha Construction
Saradha-Realty-director-remanded-in-CBI-custody-for-4-days
Jan 19, 2015
Kolkata: Shib Narayan Das, director of Saradha Realty, was remanded in CBI custody for four days by a city court in connection with the multi-crore chit fund scam
CBI arrest drives TMC opposition to land ordinance, GST: Rahul
Jan 07, 2015
Kolkata: Trinamool Congress's opposition to Centre's land ordinance and GST is dictated by its anger at the CBI's arrest of top leaders of the party
Saradha Realty continues to mark its presence in the cyber world
Dec 13, 2014
Kolkata: Saradha Realty, a prominent company in the Saradha Group and one which seems to have ensnared West Bengal Transport and Sports Minister Madan Mitra, still finds its pride of place on the website of the Saradha Group
1,620 residential units for poor soon
Oct 27, 2014
KANPUR: The economically weaker sections would soon get a house under Asara Awas Yojana
ED attaches Saradha properties in Malda
Sep 19, 2014
The Enforcement Directorate today attached 11 plots across Englishbazar that were acquired by the Saradha Group and put up notices saying the properties could not be claimed or dealt with without permission from the department
CBI lens on Saradha Realty director
Aug 27, 2014
The CBI may very soon interrogate Debika Das Gupta, one of the directors of Saradha Realty Pvt Ltd. Das Gupta, who started as a trainee but became one of the directors of the company within four years, was allegedly responsible for managing Sudipta Sen's land in Odisha and West Midnapore
Land deals expose 'Saradha-state' nexus
Aug 25, 2014
Saradha CEO Sudipta Sen could do what Sajjan Jindal's JSW couldn't. Sen, by his own admission to the Shayamal Sen Commission, acquired 260 acres in prime locations of Bengal, Assam, Odisha and Himachal Pradesh, which is significant for any business group
ED looks out for Saradha Group property in Odisha
Jul 07, 2014
BHUBANESWAR: A day after bringing Saradha scam alleged mastermind Sudipta Sen to the city for interrogation, the Enforcement Directorate (ED) on Friday started efforts to locate assets either purchased or sold by Sen in Odisha.
Crime Branch plea to confiscate Ashore property
May 28, 2014
BHUBANESWAR: The Economic Offence Wing (EOW) of Crime Branch (CB) on Tuesday proposed the finance department to confiscate property of Ashore Group, accused of cheating depositors of more than Rs 25 crore in Odisha.
EOW Proposes to Attach Assets of Two Chit Fund Companies
May 02, 2014
BHUBANESWAR: The Economic Offences Wing (EOW) on Saturday proposed for attachment of assets of two chit fund companies which had been booked for running illegal money circulation schemes in the State.
EOW Submits Proposal for Attachment of Safex Properties
Jan 21, 2014
BHUBANESWAR: The Economic Offences Wing (EOW) of the Crime Branch on Saturday submitted before Finance Department the proposal for attachment of properties of Safex Group of Companies which has been charged with cheating investors.
Odisha orders property attachment of Saradha, Seashore Groups
Dec 09, 2013
BHUBANESWAR: Odisha government has issued an interim order for the attachment of properties of Kolkata-based ponzi scheme firm Saradha Group and the state-based Seashore Group of companies which allegedly duped investors of crores of rupees.
CB for Saradha asset liquidation too
Nov 19, 2013
BHUBANESWAR: The Economic Offences Wing (EOW) of the State Crime Branch on Monday proposed to the State Government for liquidation of the Saradha Group’s properties in order to refund duped investors’ money as per the provisions of the Odisha Protection of Interests of Depositors (in Financial Establishments) Act, 2011.
Notice issued to Asaram ashram near Bhavnagar
Sep 04, 2013
RAJKOT: Bhavnagar Area Development Authority (BUDA) on Tuesday issued a notice to Asaram ashram in Lakhanka village near the city for land encroachment.
Land dispute cell in limbo
Jul 14, 2013
BHUBANESWAR: Four years have passed since the commissionerate of police announced that it would open a dedicated cell to address grievances related to land disputes. But it is still a non-starter.
Reality check for realty sector
Jul 09, 2013
BHUBANESWAR: In a worrying trend for realtors, housing prices in the city has stagnated at pre 2009-2010 level. Several factors, including supply exceeding demand and eroding people's trust on developers due to series of scams are to blame, industry watchers said.
If Bengal Had One Sudipto, Odisha Has Numerous
Jul 06, 2013
BHUBANESWAR: If neighboring West Bengal had one Sudipto Sen to con lakhs of depositors, Odisha has become the breeding ground for one too many, though small in economic scale.
Sarala Realcon MD Gayadhar Jena Arrested for Land Fraud
Jun 26, 2013
BHUBANESWAR: Yet another case of land fraud came to light, as the Sahid Nagar police arrested Mr. Gayadhar Jena, the Managing Director of Sarala Realcon Pvt. Ltd. for alleged land fraud. The arrest took place on the complaint of a person, who accused Sarala Realcon of duping him of Rs 8 lakh.

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