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.

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Telangana HC Calls for Quick Resolution of FTL and Buffer Zone Disputes

HYDERABAD: The Telangana High Court emphasized the pressing need for a comprehensive approach to resolving disputes surrounding full tank level (FTL), buffer zones, and canals throughout the state. The court insisted that all pending petitions be addressed in a unified manner, and any necessary land acquisition should strictly adhere to government directives. The court expressed dissatisfaction over the years of delays, questioning the effectiveness of officials who allowed these issues to persist unaddressed. It highlighted the contradictory situation where revenue authorities issue land ownership documents while irrigation officials designate the same parcels as water flow paths, FTL, or buffer zones.…

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Consumer Forum Holds Parsvanath Liable for Flat Delay

NEW DELHI: The Delhi State Consumer Disputes Redressal Commission has found Parsvanath Developers Limited at fault for inadequate service and unfair trade practices due to a significant delay in delivering a residential flat booked in 2007. Last month, the bench comprising Justice Sangita Dhingra Sehgal (president) and Pinki (judicial member) ordered Parsvanath Developers to immediately hand over the flat and compensate the complainants with a total of Rs 5.5 lakh. The complainants, Nitin Bansal and Amita Bansal, purchased a 3BHK flat from Parsvanath for Rs 27.68 lakh, following a construction-linked payment plan. They signed the flat buyer agreement on April…

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Noida Authority Targets Illegal Constructions with FIRs

Representative image created by AI NOIDA: The Noida Authority has instructed officials to file FIRs for illegal constructions and to follow up on pending cases where police have not yet acted. Additionally, a comprehensive database will be created to track enforcement actions, including notices issued, complaints filed, FIRs registered, and buildings sealed. According to officials, this database will enable senior officers to monitor progress and identify any delays or lapses. A strict approach will be taken towards those showing negligence in following up, with individuals held accountable for reporting encroachments. During a review meeting on Monday, CEO Lokesh M emphasized…

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NGT Notifies Builder, Haryana on Illegal Aravali Construction

GURUGRAM: The National Green Tribunal has issued notices to a real estate company, the Ministry of Environment, Forest and Climate Change (MoEF), the Haryana government, the State Environment Impact Assessment Authority (SEIAA), and the state pollution board regarding allegations of large-scale construction near the protected Wazirabad forest in Sector 54 of the city, without obtaining the necessary environmental permissions. The tribunal has instructed the Centre, Haryana authorities, and the real estate firm to submit their responses before the next hearing scheduled for November 10. A petition, accompanied by Google Earth images and photographs, reportedly shows construction activities on the boundary…

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Rajasthan HC Demands Plans for Jaipur’s Walled City

JAIPUR: On Monday, a division bench of the Rajasthan High Court requested a comprehensive report from the state government regarding the development plans and actions taken for the Walled City. During the hearing, set for September 17, Justices Sanjeev Prakash Sharma and Sanjit Purohit emphasized that the inquiry would encompass not only commercial activities in the residential areas of Haldiyon ke Rasta and beyond but also the overall development and issues of the entire walled city. “This approach aims to address problems such as waterlogging on roads, parking dilemmas, and traffic congestion within the walled area,” stated the bench. Published…

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NCLT Declares Ex-DHFL Chairman Bankrupt Over ₹4,546 Crore

Sure! Here’s a rewritten version of the provided content: MUMBAI: The National Company Law Tribunal (NCLT) in Mumbai has declared Kapil Wadhawan, the former chairman of the now-defunct Dewan Housing Finance Corp (DHFL), bankrupt, following a petition filed by Union Bank of India to recover ₹4,546 crore. The bankruptcy order was passed on August 14 after Wadhawan did not submit a repayment plan, despite multiple attempts by resolution professionals. The tribunal appointed Sanjay Kumar Mishra as the bankruptcy trustee to oversee the proceedings. “The bankrupt (Wadhawan) must provide his statement of financial position to the Bankruptcy Trustee within seven days…

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SC Denies Time Extension for DHFL Promoter’s Surrender

The Supreme Court declined to extend the deadline for Dheeraj Wadhawan, former promoter of Dewan Housing Finance Corporation, to surrender in connection with a bank loan fraud case. Previously, on August 5, the apex court dismissed the medical bail granted by the Delhi High Court last September and mandated his surrender within two weeks. Wadhawan is implicated in a substantial bank loan fraud exceeding ₹34,000 crores, reportedly the most significant case of its kind in India. “We are not willing to extend the surrender timeline as requested by Wadhawan. However, acknowledging his potential need for medical care as per reports…

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CAG Criticizes Greater Noida for Farmhouses on Hindon Floodplain

File Photo NOIDA: The Greater Noida Industrial Development Authority (GNIDA) is facing criticism from the Comptroller and Auditor General (CAG) for permitting construction on the Hindon floodplain, which is designated for natural conservation. The CAG audit revealed that rather than protecting these vital green areas, GNIDA has facilitated the development of farmhouse plots in restricted zones, leading to serious environmental and regulatory violations. In 2011, GNIDA initiated the ‘Institutional Farmhouses’ scheme, followed by the ‘Krishi Farmhouses’ scheme in 2015, both contravening established regulations. These initiatives, intended for temporary structures, evolved into permanent homes, businesses, and even polluting workshops. In Haibatpur…

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CSMC Recovers ₹82 Crore in Property Tax via Amnesty Scheme

CHHATRAPATI SAMBHAJINAGAR: The Chhatrapati Sambhajinagar Municipal Corporation (CSMC) has prolonged its amnesty scheme until the end of August. Originally set to end on August 15, the scheme successfully helped recover ₹82.6 crore in property taxes from defaulters. The “Freedom from Penalty” amnesty scheme offers property owners a significant 95% discount on late payment charges for a one-time settlement of their dues. Initially applicable only to residential properties, the program has since expanded to include commercial and industrial properties. “From July 15 to August 15, 37,259 property owners took advantage of this scheme. We encourage remaining defaulters to follow suit and…

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Ghaziabad Development Body to Transfer 76 Supervisors

GHAZIABAD: The Ghaziabad Development Authority (GDA) plans to transfer 76 supervisors following ongoing allegations of collusion with contractors in illegal construction activities. Residents claim that these supervisors, in alliance with private builders, demand substantial bribes to ignore unauthorized floors. The GDA oversees around 200 supervisors across its seven zones, but its regulations do not outline a maximum tenure for postings. Many supervisors on the transfer list have been stationed in the same zone for over five years. GDA officials acknowledged that prolonged postings have led to “unholy alliances” with local realtors. The reshuffling aims to mitigate the rise of illegal…