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The CBI filed its 17th chargesheet in a homebuyers' fraud investigation, naming Ozone Urbana over alleged fraudulent activities tied to a Bengaluru housing project. The filing was made before a Special Court in Bengaluru.
11:17 PMEconomic Times RealtyNotandas Realty directors bought Villa Wilson, a Juhu bungalow on a 1,038.50 sq metre plot, for ₹135 crore near Amitabh Bachchan’s residence Jalsa. It is their second bungalow purchase in Juhu in 2026.
4:27 AMEconomic Times RealtyIncome Tax investigators say surveys of Panache Realtors and the Dayanand Modi Group in Ranchi uncovered about ₹50 crore in undisclosed income. Officials seized and are reviewing documents and digital data, including chats allegedly tied to cash transactions linked to Rosewood apartment projects in Lalpur.
12:07 AMEconomic Times RealtySummary
The CBI filed its 17th chargesheet in a homebuyers' fraud investigation, naming Ozone Urbana over alleged fraudulent activities tied to a Bengaluru housing project. The filing was made before a Special Court in Bengaluru.
Why it matters
A new CBI chargesheet hardens enforcement risk for developers and shapes how stalled-project buyers may recover money or possession.
Summary
Notandas Realty directors bought Villa Wilson, a Juhu bungalow on a 1,038.50 sq metre plot, for ₹135 crore near Amitabh Bachchan’s residence Jalsa. It is their second bungalow purchase in Juhu in 2026.
Why it matters
Repeat trophy purchases in Juhu set new comparables that can reprice the entire luxury land and bungalow market in western Mumbai.
Summary
Income Tax investigators say surveys of Panache Realtors and the Dayanand Modi Group in Ranchi uncovered about ₹50 crore in undisclosed income. Officials seized and are reviewing documents and digital data, including chats allegedly tied to cash transactions linked to Rosewood apartment projects in Lalpur.
Why it matters
A ₹50 crore detection signals rising regulatory risk for cash-heavy real estate deals, with direct implications for project execution and buyer confidence.
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