+
ED Attaches Properties Worth Rs 640 Mn of Kamla Landmarc
Real Estate

ED Attaches Properties Worth Rs 640 Mn of Kamla Landmarc

In a significant development, the Enforcement Directorate (ED) has initiated measures by attaching properties, including flats and plots, valued at Rs 640 million owned by Kamla Landmarc. This action reflects regulatory efforts to address concerns and enforce compliance within the real estate sector.

The attached properties represent a substantial value and are part of the enforcement measures taken by the ED. The move is aligned with regulatory objectives to scrutinise financial transactions and dealings within the real estate industry, ensuring transparency and adherence to legal frameworks.

Kamla Landmarc, a notable player in the real estate market, now faces the impact of the ED's actions, which include attaching assets as part of investigations. The regulatory measures aim to uphold the integrity of financial transactions and bring accountability to the real estate sector.

The ED's attachment of properties worth Rs 640 million serves as a reminder of the increasing regulatory scrutiny in the real estate industry. Such actions play a crucial role in maintaining the credibility and trustworthiness of the sector, safeguarding the interests of stakeholders and ensuring compliance with legal and financial regulations.

In a significant development, the Enforcement Directorate (ED) has initiated measures by attaching properties, including flats and plots, valued at Rs 640 million owned by Kamla Landmarc. This action reflects regulatory efforts to address concerns and enforce compliance within the real estate sector. The attached properties represent a substantial value and are part of the enforcement measures taken by the ED. The move is aligned with regulatory objectives to scrutinise financial transactions and dealings within the real estate industry, ensuring transparency and adherence to legal frameworks. Kamla Landmarc, a notable player in the real estate market, now faces the impact of the ED's actions, which include attaching assets as part of investigations. The regulatory measures aim to uphold the integrity of financial transactions and bring accountability to the real estate sector. The ED's attachment of properties worth Rs 640 million serves as a reminder of the increasing regulatory scrutiny in the real estate industry. Such actions play a crucial role in maintaining the credibility and trustworthiness of the sector, safeguarding the interests of stakeholders and ensuring compliance with legal and financial regulations.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?