ED Attaches Properties Worth Rs 640 Mn of Kamla Landmarc

05 Mar 2024 CW Team

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.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..