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The Enforcement Directorate arrested real estate businessman Vikram Wadhwa in a money laundering probe linked to an alleged Rs 645 crore embezzlement involving Haryana government funds, the Chandigarh administration, and two schools. Investigators allege Wadhwa received over Rs 70 crore in proceeds of crime and helped layer and conceal the funds.
11:07 PMEconomic Times RealtyMumbai recorded 12,315 property registrations in May 2026, up 7% year on year, the highest May total in 14 years. Stamp duty collections crossed ₹1,051 crore for the month, underscoring strong transaction throughput.
4:08 AMThe Property TimesSummary
The Enforcement Directorate arrested real estate businessman Vikram Wadhwa in a money laundering probe linked to an alleged Rs 645 crore embezzlement involving Haryana government funds, the Chandigarh administration, and two schools. Investigators allege Wadhwa received over Rs 70 crore in proceeds of crime and helped layer and conceal the funds.
Why it matters
A high-profile arrest signals tighter enforcement pressure on how real estate channels illicit funds, with spillovers for deal due diligence and liquidity in connected projects.
Summary
Mumbai recorded 12,315 property registrations in May 2026, up 7% year on year, the highest May total in 14 years. Stamp duty collections crossed ₹1,051 crore for the month, underscoring strong transaction throughput.
Why it matters
Sustained high registrations and stamp duty collections signal market depth, but emerging selectivity can be an early warning on where pricing and absorption will diverge next.
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