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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ED uncovers property records tied to ex-Vasai-Virar chief

MUMBAI: The Enforcement Directorate (ED) has confiscated several documents related to properties associated with Anil Pawar, the former civic chief of the Vasai-Virar City Municipal Corporation (VVMC), during searches conducted at 12 locations linked to him this week. According to ED sources, Pawar allegedly “established multiple entities in the names of family members, relatives, and benamidars to facilitate money laundering of bribed funds.” The sources further revealed, “The creation of these shell entities aligns with his tenure as VVCMC commissioner in 2022, engaging largely in cash-intensive businesses such as construction and redevelopment.” Investigations by the ED uncovered a systematic cartel…

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SC Seeks Early Hearing on Haryana’s S+4 Policy

GURUGRAM: The Supreme Court has dismissed a special leave petition (SLP) that contested Haryana’s stilt+4 construction policy, permitting the petitioner to seek interim relief from the Punjab and Haryana High Court. This case has generated significant public interest, particularly among residents and civic organizations who have raised concerns about uncontrolled urban expansion and its impact on infrastructure. The petition, submitted by Sunil Singh, challenged the Haryana government’s notification dated July 2, 2024, which authorizes stilt+4 floor constructions on residential plots. Critics argue that these developments further strain the city’s already burdened infrastructure, including water supply, sewage treatment, drainage systems, and…

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CBI Files 22 FIRs on SC’s Order to Probe Builders-Banks Nexus

NEW DELHI: Following the Supreme Court’s orders, the CBI has filed 22 FIRs to investigate the alleged collusion between builders and banks, which has reportedly defrauded homebuyers in the NCR region, officials announced on Wednesday. The agency executed searches across 47 locations in Delhi and NCR after filing the FIRs, a spokesperson for the CBI confirmed. Entities like Jaypee Sports International Ltd, Jaiprakash Associates Ltd, Ajnara India Ltd, Vatika Ltd, Jaypee Infratech Ltd, Supertech, and Idea Builders are among those specifically mentioned in the various FIRs. The investigation also names several financial institutions, including State Bank of India, Indiabulls Housing…

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NGT Sends Notices to Haryana on Aravalis Environmental Violations

GURUGRAM: The National Green Tribunal (NGT) has acknowledged environmental violations in the ecologically sensitive Aravali forest area near Suncity, Sector 54, and has issued notices to the Haryana government, forest department, and pollution department for clarification. The next hearing is scheduled for October 29, 2025. The tribunal was presented with a petition from a local resident claiming that over 10 acres of Aravali land in Sector 54 has been encroached upon. The petition outlines several violations on the forestland, which include the construction of unauthorized structures, the creation of a parking lot, illegal borewell installations, and incidents of light and…

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Gujarat HC Lifts Stay on Pacifica Developers’ Civil Prison Order

AHMEDABAD: The Gujarat High Court has undone the stay on the Gujarat Real Estate Regulatory Authority’s (GujRERA) order to detain officials from Pacifica Developers Pvt Ltd, including managing director Rakesh Israni, in civil prison for 60 days. The developers were penalized for not delivering a house to a buyer and for allegedly selling the same property to someone else. Last week, Justice Vaibhavi Nanavati not only permitted the enforcement of the civil prison order but also referred the case to a division bench for potential contempt proceedings against Israni, as well as other officials—Darpan Tarwani, Kaushik Patel, and Jay Chandani—for…

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Telangana HC Cautions Petitioner on Repeated Building Appeals

HYDERABAD: The Telangana High Court expressed its discontent towards a local businessman who filed a petition disputing the legality of environmental clearances and building permits for a significant residential project in Hafeezpet, Serilingampally. A division bench, led by Chief Justice Aparesh Kumar Singh and Justice P. Sam Koshy, cautioned the petitioner against misusing the court’s time, stating that appropriate penalties would follow. “Your petition is frequently provoking the court’s ire. Regardless of the circumstances, we will dismiss this petition with substantial costs,” remarked the bench. Nevertheless, after the petitioner’s counsel apologized, the bench allowed the petition’s withdrawal while issuing a…

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PNB Housing Finance Ordered to Compensate Customer for Lost Docs

COIMBATORE: The district consumer disputes redressal commission has ordered a housing finance firm to pay ₹10 lakh in compensation to a customer for the loss of original property documents. According to sources, S. Murugesan and his son M. Prabhakaran from Vadavalli took out a housing loan with DCB Bank in Coimbatore, using their property as collateral. Later, PNB Housing Finance Ltd., located in Pappanaickenpalayam, agreed to assume the loan and sanctioned ₹22.90 lakh on November 11, 2018. As part of this process, the father-son pair submitted their original title deeds and other essential documents to the finance company after signing…

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Bombay HC Blasts EOW, Transfers Builder Fraud to Crime Branch

MUMBAI: In an unusual and significant decision, the Bombay High Court has redirected a builder fraud case under the Maharashtra Protection of Interest of Depositors (MPID) Act to the Mumbai Crime Branch, citing serious shortcomings in the investigation conducted by the Economic Offences Wing (EOW). The court’s action followed a petition from victims claiming a scam exceeding ₹100 crore, expressing a loss of trust in the EOW’s investigation. In a detailed ruling dated July 7, the court sharply criticized EOW Deputy Commissioner of Police Sangramsinh Nishandar for his lack of decisive action since assuming control of the case in March…

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Indore Cops File FIR in ₹100 Crore Land Registry Scam

INDORE: A case has been registered in Indore, Madhya Pradesh, regarding an alleged land registry scam estimated at ₹100 crore, based on current market values of certain plots and properties, as stated by a police official on Monday. The district administration established a five-member inquiry panel after uncovering numerous suspicious documents in the record room of the state registration department. This led to the filing of an FIR under sections 420 (cheating) and 467 (forgery of documents) of the Indian Penal Code against unidentified individuals, following the panel’s report. “The FIR was filed at Pandrinath police station late Sunday night…

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Mumbai Police Charges Sai Estate in ₹11 Crore Fraud Case

Representative image created by AI MUMBAI: The city police’s economic offenses wing has submitted a chargesheet against real estate brokers Amit Bhagwan Wadhwani and Vicky Bhagwan Wadhwani, directors of Sai Estate Consultants Chembur Pvt Ltd, in relation to an alleged cheating case exceeding Rs 11 crore. Previously, they were also implicated alongside builder Lalit Tekchandani in a Rs 3.4 crore cheating case last year. The chargesheet is based on a complaint from Manish Tulsidas Thakkar, director of the advertising agency MAD (India) Pvt Ltd, who claims the Wadhwanis defrauded his company by failing to pay for services rendered from June…