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Senator Carlos Lomelí Bolaños denying property ownership in Zapopan's luxurious Ayamonte neighborhood during a press conference, with aerial views of mansions.
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Morena senator denies living in Zapopan's Ayamonte neighborhood

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Morena senator Carlos Lomelí Bolaños denied owning properties in Fraccionamiento Ayamonte, Mexico's most expensive neighborhood in Zapopan, Jalisco. After an El Financiero article identified him as a resident, the lawmaker sent a reply letter, prompting the outlet to correct the story and apologize. Ayamonte features homes priced between 30 and 67 million pesos.

The Central Bureau of Investigation has filed a charge sheet against Shubhkamna Buildtech Private Limited and its directors over alleged fraud in a Noida housing project.

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Occupants of a luxury apartment in Mohali threw bags containing about 20 lakh rupees from a ninth-floor window during Enforcement Directorate searches on Thursday morning as part of a money laundering investigation into Punjab's real estate sector.

Monterra Developments has entered Egypt’s real estate market through an Egyptian-Russian partnership, launching its first project, Monterra Bay, on the North Coast with investments estimated at EGP 25bn. CEO Mohamed Maamoun said the partnership combines financial investment with technical expertise. The project spans 55 feddans with around 1,440 residential units.

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Delta Capital for Urban Development has signed a strategic partnership with Emirates Global Investment (EGRI) for mixed-use projects in Egypt worth an estimated $500m. The deal covers about 500 feddans in strategic locations. Construction is scheduled to start in 2027.

The Ingbe foundation linked to real estate tycoon René Benko's family had stored gold bars worth about 14 million euros, plus one million dollars and one million Swiss francs in cash at a Liechtenstein bank. Two safe deposit boxes were opened in the presence of a notary, according to Kronen Zeitung. The assets are now secured.

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Al Ismaelia for Real Estate Investment has secured financing from the European Bank for Reconstruction and Development (EBRD) to speed up its ESG-led redevelopment of heritage assets in Downtown Cairo. The deal was signed at Mazeej Balad by Karim Shafei, chairperson of Al Ismaelia, and Jean-Marc Peterschmitt, managing director for the corporate sector at EBRD.

 

 

 

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