ED Opposes Supertech Chairman's Bail Amid Laundering Case

08 Jan 2024 CW Team

In a recent development, Supertech's chairman finds himself entangled in a high-stakes money laundering case, drawing the attention of the Enforcement Directorate (ED).

The ED's strong opposition to the interim bail plea is rooted in the belief that any relief granted at this stage might impede the meticulous investigation into the intricate financial dealings that form the core of the allegations.

The real estate sector is closely monitoring this case, as it unfolds with revelations of complex financial transactions and potential repercussions for the industry.

As Supertech's chairman navigates legal challenges, the ED remains steadfast in its commitment to unraveling the layers of financial impropriety, underscoring the gravity of the situation and its broader implications for the real estate landscape.

Infrastructure Transport

15 Oct 2025

Indore Metro Conducts Successful Yellow Line Trial Run

The Indore Metro project achieved another milestone as the Madhya Pradesh Metro Rail Corporation Limited (MPMRCL) conducted a successful trial run between SC03 Station and Malviya Nagar Chauraha Station on the Yellow Line. The Yellow Line, spanning 33.53 km, will connect key locations including Palasia, Railway Station, Rajwara, Airport, Bhawarsala, MR10, and Palasia (Ring Line), forming a major circular corridor to enhance intra-city mobility. Currently, the Super Priority Corridor — a 6 km operational stretch with five stations — is functional. It was inaugurated by Prime Minister Nare..

NCRTC Invites Bids For Delhi–Gurugram–SNB Namo Bharat Corridor

The National Capital Region Transportation Corporation (NCRTC) has invited bids for the engagement of a General Consultant (GC) for the Delhi–Gurugram–SNB Namo Bharat corridor, marking a key step in expanding high-speed regional connectivity across the National Capital Region (NCR). The Delhi–Gurugram–SNB Regional Rapid Transit System (RRTS) corridor will span 105.02 km and include 16 stations, enhancing mobility and promoting sustainable transport solutions for commuters across the region. According to tender details, the bid number is DA/GC/COR-OF/038, with Tender ID 2025_NCRTC_251..

AAI To Introduce Valet Parking At Chennai Airport

In a first for Indian airports, the Airports Authority of India (AAI) is planning to introduce valet parking services at Chennai International Airport, aimed at improving passenger convenience and easing traffic flow around the terminal. Since the inauguration of the multi-level car parking facility, passengers have expressed dissatisfaction with the long walk or buggy ride required to reach the second floor to board cabs. Many have found the queues and delays cumbersome, prompting AAI to explore more accessible options. Responding to this feedback, AAI has finalised plans for a second cab b..