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

Fresh Notices Issued to Dozens Post Lucknow Fire Tragedy

LUCKNOW: Following a tragic fire in the Aliganj area that took the lives of 15 people earlier this week, the Lucknow Development Authority (LDA) has intensified its enforcement actions. On Friday, the LDA issued show-cause notices to over a dozen commercial establishments reportedly operating outside the boundaries of their sanctioned building plans. An LDA representative noted that the latest operations targeted various types of businesses including gymnasiums, coaching centers, restaurants, hotels, and nursing homes. These establishments were requested to justify why they should not face penalties for alleged construction violations. These establishments have been given a short window to respond…

Latest StoriesRegulatory

Consumer panel orders Ansal Hi-Tech to refund homebuyer after 12 years

NOIDA: The District Consumer Commission has ruled that Ansal Hi-Tech Townships Limited, based in Greater Noida, must refund a homebuyer who booked a flat in 2014. Despite paying numerous instalments over the years and receiving an allotment letter, he never acquired possession of the property. Sanjay Agrawal, a resident of Sector 22, booked a flat in Ansal’s A2 Sushant Megapolis project in Greater Noida. He initially paid a registration fee of ₹250 in March 2014, followed by a booking fee of ₹15,000 and additional instalments totaling ₹1 lakh against a total flat price of ₹3.25 lakh. An allotment letter was…

Latest StoriesRegulatory

Mohali: Suntech City Developer in ED Custody Over ₹172 Cr Case

MOHALI: A special court has placed realtor Ajay Sehgal in the custody of the Enforcement Directorate (ED) for three days as part of an ongoing investigation into an alleged money laundering case tied to the Suntech City project. The court granted the ED’s request for extended custodial interrogation, noting that new facts had come to light during the investigation, necessitating more in-depth questioning of the accused. Sehgal will be in ED custody from June 27 to June 29. The money laundering investigation originates from an FIR lodged at the Mullanpur police station on September 17, 2024, under allegations of cheating,…

Latest StoriesRegulatory

Supreme Court: Homebuyers Can Seek Relief for Possession Delays

NEW DELHI: Homebuyers can raise complaints regarding deficiencies in services even after taking possession of a flat, as per a ruling by the Supreme Court. The court affirmed that homebuyers have the right to approach consumer forums for compensation related to delayed possession, irrespective of having already received the flat. The Supreme Court overturned a decision by the National Consumer Disputes Redressal Commission (NCDRC), which had stated that a homebuyer loses consumer status upon receiving possession and therefore cannot claim compensation for delays. The court clarified that any arbitration clause in the agreement will not prevent homebuyers from seeking resolutions…

Latest StoriesRegulatory

NGT Urges Action on ‘Illegal’ Groundwater Extraction in Noida

NEW DELHI: The National Green Tribunal (NGT) has instructed the Uttar Pradesh Ground Water Department to investigate a complaint about alleged illegal groundwater extraction in Noida and Greater Noida, and to take necessary measures. A bench, chaired by NGT Chairperson Justice Prakash Shrivastava and expert member Afroz Ahmad, reviewed a petition from environmental advocate Vikrant Tongad. The petition asserted that private builders, industries, and individuals are unlawfully extracting groundwater in Noida and Greater Noida, primarily in Sectors 145 and 153 of Noida and Sectors 94 and 150 in the Tech Zone of Greater Noida. Advocate Akash Vashishtha, representing the applicant,…

Latest StoriesRegulatory

Patna Civic Body Sees Tax Surge After ARV Revision

PATNA: The Patna Municipal Corporation (PMC) has increased the Annual Rental Value (ARV) for properties by 15%—the first adjustment in nearly 30 years. This change, effective from June 24, 2026, aims to enhance civic revenues to improve infrastructure, including roads, drainage, sanitation, and street lighting. Additionally, PMC is offering a 5% discount for lump-sum property tax payments made by June 30 for the fiscal year 2026–27. Average daily receipts have surged from approximately ₹50 lakh to nearly ₹70 lakh. On Thursday alone, the civic body collected over ₹68 lakh from 1,480 properties by 3:33 PM—a significant increase following the implementation…

Latest StoriesRegulatory

Dharwad: Panel chides developers, grants relief to senior citizen

DHARWAD: The District Consumer Disputes Redressal Commission, Dharwad, has provided relief to a senior citizen who was denied registration of a residential plot even after making a significant payment. Mallamma Doddagoudar, a resident of Haliyal Naka in Dharwad, had booked Plot No. 19 in the Golden City layout in Sutagatti village for Rs 6.2 lakh, having already paid Rs 4.1 lakh, with the remainder due at registration. According to her complaint, the developers registered plots for other buyers but failed to do so for Mallamma. Despite her repeated offers to pay the remaining balance, they neither accepted her payment nor…

Latest StoriesRegulatory

Maharashtra probes ₹20,000 crore stamp duty scam

MUMBAI: Revenue Minister Chandrashekhar Bawankule has initiated an investigation into a significant stamp duty scam in the state, potentially valued between Rs 10,000 crore to Rs 20,000 crore. During a session in the state assembly on Thursday, he mentioned that the government has received reports of severe discrepancies in adjudication proceedings, where stamp duties were allegedly inflated and later reduced through misuse of quasi-judicial powers. The investigation will cover stamp duty adjudications across the state from April 1, 2021, to March 31, 2026. Bawankule stated, “Preliminary findings indicate possible irregularities amounting to between Rs 10,000 crore and Rs 20,000 crore.”…

Latest StoriesRegulatory

Mumbai Developer Arrested for ₹1.8 Crore Property Fraud

MUMBAI: A developer and an associate have been booked for allegedly swindling two investors out of ₹1.8 crore under the guise of allotting shops in a redevelopment project in Bandra, Mumbai, police reported on Thursday. An FIR has been registered against Saurabh Bhuta, a director of Meeti Developer, and his associate Harsha Bhuta, following a complaint by Sandip Singh Chandok, a 55-year-old automobile businessman, as confirmed by an official from Khar police station. According to police, Chandok invested ₹1.3 crore in the redevelopment project of New Kamalkunj Co-operative Housing Society in Bandra (West), while another investor, Manoj Kumar Anand, contributed…

Latest StoriesRegulatory

Lucknow: LDA Closes 71 Centres, Alerts 83 Builders on Fire Safety

LUCKNOW: Following the tragic fire at the Aliganj commercial complex that resulted in 15 fatalities on Monday, the Lucknow Development Authority (LDA) has sealed 71 businesses and issued notices to 83 commercial building owners across the city for violations of building and fire safety regulations. This action marks the first day of an extensive safety drive. Preliminary investigations revealed significant shortcomings in fire safety protocols and emergency evacuation plans at the Aliganj complex affected by the blaze. Under the directives of Chief Minister Yogi Adityanath, enforcement teams, along with representatives from the fire department and Lucknow police, undertook inspections across…