ED Attaches Pune Mall Shops Worth Rs 130 Mn

27 Feb 2024 CW Team

In a significant development related to the PMC Bank case, the Enforcement Directorate (ED) has attached shops in a Pune mall, collectively valued at more than Rs 130 Mn. This move is part of the ongoing investigation into financial irregularities involving PMC Bank.

The attachment of these commercial properties is a strategic step by the ED in connection to the alleged financial discrepancies associated with PMC Bank. The value of the attached shops underscores the scale of the financial implications involved in the case, and this action is expected to have repercussions on the broader investigation.

As authorities continue their efforts to untangle the complex web of financial transactions and irregularities, the attachment of assets, particularly in a commercial hub like Pune, highlights the seriousness with which regulatory bodies are addressing financial misconduct. The move serves as a deterrent and reinforces the commitment to hold those responsible for financial improprieties accountable.

The unfolding events in the PMC Bank case underscore the need for enhanced regulatory measures to safeguard the interests of depositors and maintain the integrity of the banking system. The attachment of valuable assets is a tangible step towards recovering funds and ensuring that the financial system operates within a framework of transparency and accountability.

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..