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Other Developments
A curated list of other prominent stories from this day.
11:00 PMEconomic Times Realty
Maharashtra mulls new law to cap upfront payment at 80% for agreement to sell
Summary
Maharashtra is considering a law that would limit builders to collecting 80% of a flat's price when buyers sign an agreement to sell. The remaining 20% would become payable only after the property's final registration.
The proposal would shift payment risk from buyers to builders during the period between agreement
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Why it matters
The measure could reduce buyers' exposure to delayed registration and unfinished transactions, while increasing financing pressure on developers.
Enforcement directorate conducts raids in NCR in homebuyers 'fraud' case
Summary
The Enforcement Directorate searched locations across Delhi-NCR as part of a money-laundering probe into AVJ Developers and Rudra Buildwell Construction. The case concerns alleged fraud in a home-loan subvention scheme and stems from two CBI FIRs alleging collusion between builders and banks.
The probe has escalated from alleged lending misconduct to a money-laundering investigation, increasing legal and
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Why it matters
The investigation could expose broader failures in builder-bank financing and deepen risks for buyers whose loans are tied to disputed projects.