Delhi Police Arrests Parsvnath Landmark Developers CEO

08 Aug 2024 CW Team

Delhi Police have arrested the CEO of Parsvnath Landmark Developers, a major player in the real estate sector, in connection with an ongoing investigation. This development has sent shockwaves through the industry, highlighting concerns over corporate governance and legal compliance within the sector.

The arrest follows allegations related to financial irregularities and potential breaches of regulatory norms. Authorities have been scrutinising the company?s operations and financial practices, leading to this significant legal action. The arrest of such a high-profile executive underscores the seriousness of the allegations and the broader regulatory scrutiny facing the real estate industry.

As the investigation unfolds, the company is expected to face further scrutiny. The arrest raises questions about the governance practices at Parsvnath Landmark Developers and may impact its ongoing projects and investor confidence. The real estate sector, already under pressure from various regulatory changes, now faces increased scrutiny, which could affect its operations and market stability.

The legal proceedings and outcomes of this case will likely influence the broader industry, highlighting the importance of transparency and adherence to regulatory standards. Stakeholders in the real estate sector are closely monitoring the situation as it develops, anticipating potential impacts on regulatory practices and corporate governance in the industry.

Infrastructure Transport

06 May 2026

Pune To Build Nine Km Link Road Between Highways

The Pune Municipal Corporation (PMC) has decided to appoint an expert to plan the development of a nine km long, 60 metre wide road from Khadi Machine chowk to Wadki chowk as an extension to the Katraj-Kondhwa road to link the Mumbai-Satara and Pune-Solapur national highways. The scheme is intended to divert heavy vehicle traffic away from the city and improve access between the two arterial routes. The project has been prioritised by the PMC and forms part of a larger set of schemes in which 19 roads have been identified for development at a combined cost of Rs 9.82 billion (bn) to address c..

Barabanki Bahraich Six Lane Highway Approved in Uttar Pradesh

The Uttar Pradesh government has approved construction of a new six-lane highway linking Barabanki and Bahraich as part of National Highway 927, and the cabinet has cleared the project. The alignment will pass through Mustafabad and Kaiserganj and extend for about 101.5 km, creating a key corridor for local and long-distance movement. The National Highways Authority of India will oversee the work and has signalled the scheme is intended to strengthen regional connectivity and cross-border access to Nepal. The project carries an estimated total cost of Rs 69,690 million, equivalent to Rs 69.69..

Toll At Kharegaon Likely As Highway Upgrade Nears Completion

A section of the highway at Kharegaon has undergone an upgrade and is approaching completion, and authorities have indicated plans for a toll to be introduced once works finish. The project has focused on strengthening the carriageway, improving drainage and upgrading intersections to enhance safety and capacity. Officials have said the toll will be used to recover construction costs and fund ongoing maintenance. The upgrade included resurfacing of the pavement, widening of certain stretches and installation of modern signage and lighting to reduce accident risk. Contractors completed most ma..