Pujit Aggarwal of Orbit Corporation arrested for fraud

Realty firm Orbit’s MD, Pujit Aggarwal was arrested on Monday, 12th September, for a fraud and cheating case registered by a firm called Capri Global Capital. The firm, Capri Global Capital had booked 3 flats in Orbit’s Saki Naka project called Orbit Residency Park. The said project was mortgaged with Life Insurance Corporation in 2008…

Navi Mumbai real estate market collapses

Dire economic situation and rising inflation has taken a heavy toll on the Navi Mumbai real estate market in the past 2 months.The proof of this collapse has come from the registration figures in the registration dept and the amount of new proposals being subimtted in the NMMC and CIDCO town planning dept.Developers are struggling…

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