Category: Regulatory

Keep up with important regulatory news affecting real estate, including government policies, tax reforms, compliance requirements, and RERA updates. Understand how these regulations impact developers, investors, and buyers.

Latest StoriesRegulatory

ED Attaches ₹782 Crore in Properties of Raheja Developers

NEW DELHI: The Enforcement Directorate (ED) has provisionally attached immovable properties valued at ₹782.36 crore belonging to Raheja Developers under the Prevention of Money Laundering Act, 2002. This action pertains to allegations of cheating homebuyers across various projects initiated by the firm. The ED is examining Raheja Developers, its director Navin M. Raheja, and other related individuals under the PMLA. The case stems from multiple FIRs filed by the Economic Offences Wing in Delhi following complaints from homebuyers who claim to have been defrauded. According to the ED, Raheja Developers raised around ₹2,425.99 crore from approximately 4,600 homebuyers in relation…

Latest StoriesRegulatory

ED raids Imperia for homebuyer fraud, seizes ₹50.5 lakh, luxury cars

NEW DELHI: The Gurugram zonal office of the Enforcement Directorate has executed search and survey operations at eight locations tied to Imperia Wishfield, Imperia Structures, their promoter directors, and the current resolution professional in Delhi, as stated by the agency. The searches, carried out on July 29, 2026, were in accordance with the Prevention of Money Laundering Act, 2002, related to an alleged homebuyer fraud case. During these operations, the agency confiscated digital devices, documents, cash totaling ₹50.50 lakh, and three luxury vehicles. The ED has initiated an enforcement case information report against Imperia Structures, Imperia Wishfield, and their promoter…

Latest StoriesRegulatory

Lucknow’s 5% property tax rebate ends July 31

NEW DELHI: The Lucknow Municipal Corporation has announced that July 31, 2026, will be the final date for property taxpayers to take advantage of a 5% rebate on house tax payments. The civic body clarified that the rebate period will not be extended beyond this deadline. This rebate has been approved by the executive committee and is available for both online and offline payments. Municipal Commissioner Gaurav Kumar has urged residents to pay their house tax on time to benefit from the rebate. He emphasized that timely payments would not only help taxpayers but also strengthen the municipal corporation’s revenue,…

Latest StoriesRegulatory

Bombay HC allows SEBI more time for Embassy REIT affidavits

MUMBAI: The Bombay High Court has allowed the Securities and Exchange Board of India (SEBI) additional time to submit detailed affidavits concerning two writ petitions related to allegations against the sponsors and promoters of Embassy Office Parks REIT. During the hearing, SEBI informed the Court that it has already reviewed the representation underlying the first petition, reached a conclusion, and will provide a detailed affidavit with its reasoning. The regulator indicated that its findings are unlikely to favor the petitioner’s requests. Representing SEBI, Senior Advocate Shiraz Rustomjee stated that the regulator has made a decision on the representation that forms…

Latest StoriesRegulatory

SC Delays Work Order Issuance for Bandra, Worli Projects to Aug 13

MUMBAI: In a significant relief to residents of housing societies in prime areas like Bandra Reclamation and Worli, the Supreme Court has temporarily halted the issuance of work orders for cluster redevelopment projects covering 132 acres of land in Mumbai until August 13. The state government claimed that these expansive layouts belong to the Maharashtra Housing and Area Development Authority (Mhada), which had leased them to societies intended for high- and middle-income groups as well as government employees. The intention is to redevelop these areas to increase affordable housing options through public bidding, which was awarded to Adani Properties. A…

Latest StoriesRegulatory

Mumbai Court Acquits Builder in 44-Year-Old FSI Case

MUMBAI: A special court has acquitted a builder from the city in a 44-year-old case for allegedly manipulating land measurement records to secure a higher Floor Space Index (FSI). The decision was made due to insufficient evidence. Judge Shayana Patil, who presides over cases under the Prevention of Corruption (PC) Act, determined that the prosecution had not substantiated any charges against Chaitanya Laxmidas Vora, the only remaining defendant in this trial. The case against his co-defendants, maintenance surveyor Kedu Pandurang Bhalerao and builder Laxmidas Hargovinddas Vora, was dismissed after their deaths in 2024. Three other individuals named in the initial…

Latest StoriesRegulatory

Bhubaneswar to Act on Building Violations Before SC Hearing

Representative AI image BHUBANESWAR: The Bhubaneswar Municipal Corporation (BMC) is set to activate its enforcement squads to address deviations from approved building plans. This move is significant as the corporation is due to submit its action report on unauthorized constructions to the Supreme Court on August 4. According to officials, the planning wing of BMC will conduct inspections to identify violations such as unauthorized additional floors, encroachments on required setback areas, and alterations to sanctioned building plans. Enforcement squads will recommend actions based on their findings, following the applicable building laws. Sridhar Jena, chairman of BMC’s planning and development standing…

Latest StoriesRegulatory

Bombay HC Quashes PMLA Case Against D B Realty Chief

MUMBAI: The Bombay High Court has dismissed a 2016 money laundering case against D B Realty Ltd and its managing director, Vinodkumar Goenka. This case was associated with former Maharashtra deputy chief minister Chhagan Bhujbal and the Maharashtra Sadan construction controversy. A single-judge bench led by Justice Ashwin Bhobe, in a July 21 ruling, annulled the 2019 order from a special court that had rejected the discharge petitions of Goenka and D B Realty. They were implicated in a case under the Prevention of Money Laundering Act (PMLA) set in motion against Bhujbal and others in 2016. For Goenka and…

Latest StoriesRegulatory

Bombay HC grants interim relief to SD Corp in defamation case

MUMBAI: The Bombay High Court has provided interim relief to SD Corporation Pvt Ltd, a Mumbai-based real estate developer, in a defamation lawsuit. The court has ordered that defamatory posts, videos, and messages targeting the company and its MHADA redevelopment project must not be disseminated until the next hearing. Justice Abhay Ahuja issued this direction on July 27 while considering an interim application from SD Corporation against Devang Dave and others. The court noted that the company demonstrated a prima facie case warranting this temporary relief. According to the lawsuit, SD Corporation— a joint venture of the Shapoorji Pallonji Group…

Latest StoriesRegulatory

SC Directs Parsvnath Developers to Report Pending Cases

NEW DELHI: The Supreme Court on Monday instructed Parsvnath Developers and its directors to submit a status report regarding ongoing cases brought by distressed homebuyers against them, detailing the current status of each matter. The court also ordered the real estate company to complete the construction of a dwelling unit booked by Rita Tikku, a cancer survivor, and Lokaish Tikku, who invested their life savings in the ‘Parsvnath Exotica’ project in Sector 53, Gurugram, within a week. A bench composed of Chief Justice Surya Kant along with Justices Joymalya Bagchi and V Mohana was reviewing a plea submitted by the…