3 stories from 2 sources
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A curated list of other prominent stories from this day.
Mumbai Police arrested Vile Parle-based builder Kalpesh Kanubhai Shah over an alleged Dahisar land-grab that used forged powers of attorney and fake bank accounts to take control of a prime parcel. The case surfaced after the Bombay High Court flagged document inconsistencies, and Shah remains in custody as investigators probe the multi-crore transaction trail.
11:43 PMEconomic Times RealtyHaryana RERA's Gurugram bench ordered BPTP to refund Rs 1.16 lakh collected as maintenance charges before possession for a unit in Park Spacio, Sector 37D, Gurugram. It also awarded Rs 1 lakh compensation and Rs 50,000 in litigation costs.
8:30 AMEconomic Times RealtyBeyond Squarefeet appointed CA Himesh Vasani as Assistant Vice President, Leasing, tapping his 28 years of experience including 19 years at Reliance Retail focused on acquisitions, commercial negotiations, and network expansion. He will lead leasing strategy and execution across the firm’s growing mall advisory and leasing portfolio, working with retailers and developers.
6:24 AMThe Property TimesSummary
Mumbai Police arrested Vile Parle-based builder Kalpesh Kanubhai Shah over an alleged Dahisar land-grab that used forged powers of attorney and fake bank accounts to take control of a prime parcel. The case surfaced after the Bombay High Court flagged document inconsistencies, and Shah remains in custody as investigators probe the multi-crore transaction trail.
Why it matters
The arrest raises the cost of weak title practices and can slow transactions and financing for land parcels where documentation and POA transfers are vulnerable to challenge.
Summary
Haryana RERA's Gurugram bench ordered BPTP to refund Rs 1.16 lakh collected as maintenance charges before possession for a unit in Park Spacio, Sector 37D, Gurugram. It also awarded Rs 1 lakh compensation and Rs 50,000 in litigation costs.
Why it matters
It tightens enforcement on pre possession charges and raises the financial downside for builders that front load maintenance payments.
Summary
Beyond Squarefeet appointed CA Himesh Vasani as Assistant Vice President, Leasing, tapping his 28 years of experience including 19 years at Reliance Retail focused on acquisitions, commercial negotiations, and network expansion. He will lead leasing strategy and execution across the firm’s growing mall advisory and leasing portfolio, working with retailers and developers.
Why it matters
As India’s mall and mixed-use pipeline grows, advisory firms that can execute leasing at scale become a critical gatekeeper for project viability and retailer expansion.
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