Builders face Rs 180 million fraud charges for building construction

12 Aug 2024 CW Team

A case has been filed against two builders and their associates for allegedly constructing a 10-storey building on a plot designated by KDMC for a garden and night shelter, using forged building permits to sell the flats. The Rs 180 million cheating case emerged after flat buyers uncovered the alleged fraud and reported it to the Thane Economic Offence Wing (EOW). The EOW then directed the local Bazarpeth police to file an FIR. The developers involved have been identified as Salman Dolare, Faraz Hare and others. According to police sources, ten flat buyers have come forward with complaints. The FIR alleges that the developers used falsified documents for plot number 3480 to build the Yusuf Height building and sell the flats. (ET)

Real Estate

17 Jul 2026

Rhitik Jassar launches ZTA Infrastructure

Meerut, Uttar Pradesh, 16, July 2026: As India accelerates investments in physical and social infrastructure, ZTA Infra is strengthening its presence in the sector through ZTA Infrastructure Pvt. Ltd., which will serve as the group's flagship infrastructure and construction company. The company will lead the group's expansion across housing, commercial real estate, institutional infrastructure, roads, highways and other large-scale infrastructure projects, reinforcing ZTA Infra's long-term vision of c..

Ion Exchange Wins USD 52.83 Million Supply Contract From Hyundai

Ion Exchange (India) (Ion Exchange) has been awarded an international contract by Hyundai Engineering and Construction Co., (Hyundai Engineering) for the supply of filtration units in the Middle East. The contract is valued at USD 52.83 million and is to be executed over a period of 18 months. The order aggregates to approximately Rs 5.03 bn based on the prevailing exchange rate. Delivery schedules and technical specifications will be governed by the contract terms. The scope covers manufacture and supply of filtration units to be deployed across projects in the Middle East and follows the pro..

3i Infotech Subsidiary Wins Talent Deployment Contract With Krung Thai Bank

3i Infotech (Thailand), a wholly owned step down subsidiary of 3i Infotech, has won a contract from Krung Thai Bank Public Company on nine July 2026. The order covers talent deployment to support application development, enhancement, testing and digital transformation programmes. Roles specified include full stack development, backend development in Java, frontend development using Angular, DevOps engineering, quality assurance and test automation, business analysis and solution architecture. The engagement reflects the subsidiary's continued focus on banking technology services in the region...