ED Seizes Properties Valued at Rs.64 Million
ECONOMY & POLICY

ED Seizes Properties Valued at Rs.64 Million

In a significant move, the Enforcement Directorate (ED) has attached properties worth Rs.64 million belonging to Kamla Landmarc. This comes as part of the ongoing investigation into financial irregularities and alleged misconduct by the real estate developer. The attached properties include flats and plots, adding a new dimension to the legal challenges faced by Kamla Landmarc.

The ED's action is based on findings that suggest financial transactions violating regulations and potential money laundering. The move to attach properties aims to secure assets that are believed to be proceeds of illicit activities, ensuring accountability and preventing further misuse.

The properties under scrutiny are strategically located and have been a focal point in the real estate landscape. This development has raised concerns among investors and homebuyers associated with Kamla Landmarc, adding uncertainty to ongoing projects.

In a significant move, the Enforcement Directorate (ED) has attached properties worth Rs.64 million belonging to Kamla Landmarc. This comes as part of the ongoing investigation into financial irregularities and alleged misconduct by the real estate developer. The attached properties include flats and plots, adding a new dimension to the legal challenges faced by Kamla Landmarc. The ED's action is based on findings that suggest financial transactions violating regulations and potential money laundering. The move to attach properties aims to secure assets that are believed to be proceeds of illicit activities, ensuring accountability and preventing further misuse. The properties under scrutiny are strategically located and have been a focal point in the real estate landscape. This development has raised concerns among investors and homebuyers associated with Kamla Landmarc, adding uncertainty to ongoing projects.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code