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A curated list of other prominent stories from this day.
The Enforcement Directorate provisionally attached 389 immovable properties worth ₹240.03 crore in a money laundering case tied to Bhasin Infotech and Infrastructure, Grand Venezia Commercial Towers, and related individuals. Authorities estimate the properties' current market value at over ₹700 crore.
11:11 PMEconomic Times RealtyThe Supreme Court gave Parsvnath Developers one final week to deposit homebuyer dues, requiring the full amount with 12% interest. The court warned that failure to comply will lead to imprisonment of the company's directors.
7:59 AMEconomic Times RealtySmartworks expanded its existing relationship with L&T Technology Services by leasing more than 1,100 additional seats in Pune. The expansion is expected to generate about ₹55 crore in rental revenue over 60 months.
4:30 AMEconomic Times RealtySummary
The Enforcement Directorate provisionally attached 389 immovable properties worth ₹240.03 crore in a money laundering case tied to Bhasin Infotech and Infrastructure, Grand Venezia Commercial Towers, and related individuals. Authorities estimate the properties' current market value at over ₹700 crore.
Why it matters
Large-scale attachments can instantly impair project cash flows and titles, turning a legal case into a balance-sheet shock for everyone tied to the assets.
Summary
The Supreme Court gave Parsvnath Developers one final week to deposit homebuyer dues, requiring the full amount with 12% interest. The court warned that failure to comply will lead to imprisonment of the company's directors.
Why it matters
Personal liability for directors can reset incentives in stalled-project cases and accelerate cash recovery for homebuyers.
Summary
Smartworks expanded its existing relationship with L&T Technology Services by leasing more than 1,100 additional seats in Pune. The expansion is expected to generate about ₹55 crore in rental revenue over 60 months.
Why it matters
It signals that flex workspace is becoming a mainstream expansion channel for big corporate tenants, supporting demand and cash flows in key office hubs like Pune.
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