News
Enforcement Directorate attaches Mallya assets worth Rs 1,411 crore
The Enforcement Directorate (ED) on Saturday attached properties of the liquor baron Vijay Mallya, worth Rs1,411 crore, in the IDBI Bank loan default case, according to a published media report.
“We have attached properties worth Rs 1,411 crore of Vijay Mallya and UB limited under the Prevention of Money Laundering Act,” an ED official was quoted in the report as saying.
The assets under ‘provisional attachment’ included bank balance of Rs34 crore, a flat each in Bengaluru and Mumbai (2,291 sqft and 1,300 sqft respectively), an industrial plot in Chennai (4.5 acres), a coffee plantation land in Coorg (28.75 acres) and residential and commercial constructed areas in UB City and Kingfisher Tower in Bengaluru.
The attachment of properties is in connection with the Rs900-crore loan fraud with the IDBI Bank.
The agency registered a money laundering case against Mallya and others based on an FIR registered last year by the CBI.
Unveiling the Luxurious Evolution: The Ascendancy of Villas in Greater Noida
By: Neeraj Sharma, MD, Escon Infra Realtor In the arena of urban development, a few regions have been standing out...
Noida’s High-Rise Societies Face Multiple Challenges Despite Rapid Urban Growth
By: Nikhil Singhal, President, Noida High-rise Federation Noida, April 19, 2024: The high-rise societies in Noida are facing a multitude...
Mahindra Lifespaces Sells ₹350 Cr Worth Homes in 2 Days at Mahindra Zen, Bengaluru
Bengaluru, April 18, 2024: Mahindra Lifespace Developers Ltd., the real estate and infrastructure development arm of the Mahindra Group, on...
Harleen Kaur is CHRO, APEX Acreages
Gurugram, April 2024: APEX Acreages Private Limited, announced the appointment of Harleen Kaur as its Chief Human Resource Officer (CHRO)....
PVR PXL Launched at Mall of Faridabad
Faridabad, April 16, 2024: The Mall of Faridabad by the Pacific Group launched PVR with the largest screen, PXL, on...
India to become the fastest-growing silver economy, housing up to 17% of the world’s elderly population by 2050: CBRE Report
April 17, 2024: CBRE South Asia Pvt. Ltd., on Wednesday announced the findings of its report, ‘Golden opportunities from the...
-
Interviews4 weeks agoHigh Rental Yield, Price Appreciation, Stable Growth, Make Sydney an Ideal Realty Investment Option: Haansal Estate
-
News3 weeks ago
KW Delhi 6 Mall Onboards New Brands
-
News3 weeks ago
Manasum Senior Living Launches IKIGAI GOA, A Senior Living Community in North Goa, in collaboration with Prescon Homes
-
News2 weeks ago
Godrej Properties Sells Rs 3k cr+ Homes of Godrej Zenith, Gurugram, within 3 days
-
News3 weeks ago
Bridging India Divide: Top 5 Tier- 2 Cities to Focus On
-
News3 weeks ago
Commercial Realty Gets Tech Savvy: Fast Construction, Enhanced Convenience
-
News3 weeks ago
Multipoint Connection – A Definite Boon
-
News2 weeks ago
RBI’s Status Quo on Key Policy Rates to Help Maintain the Real Estate Growth Momentum, Say Industry Stalwarts
