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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SC Approves Adani Cementation’s Removal of 158 Mangrove Trees

(Representative Image) The Supreme Court has upheld the Bombay High Court’s decision allowing Adani Cementation to remove 158 mangrove trees for the construction of a jetty project along the Amba River in Maharashtra’s Raigad district. This project, which occupies an area of 1.26 hectares within the Coastal Regulation Zone (CRZ) designated for mangrove forests, is intended to facilitate the transportation of cement and other materials via waterways, alongside a conveyor corridor and access road to support a cement grinding and fly ash processing unit and a backup storage unit in Shahapur and Shahabaz. It aims to meet the increasing cement…

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ED Arrests Two Directors of Ramprastha Group

NEW DELHI: The Enforcement Directorate arrested Sandeep Yadav and Arvind Walia, promoters of Haryana’s Ramprastha Group, on Monday as part of a money laundering probe linked to an alleged ₹1,100 crore fraud involving homebuyers, according to official sources. The arrests followed early morning raids at three locations in Delhi and Gurugram, including those of the directors, conducted by the federal agency’s Gurugram zonal office. The duo serves as directors and majority shareholders of Ramprastha Promoters and Developers Pvt. Ltd. (RPDPL). They have been taken into custody under the Prevention of Money Laundering Act (PMLA). Attempts to reach the company or…

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Greater Noida: Builders’ ₹4,000 Cr Dues Amid Legal Issues

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) is currently grappling with unpaid dues totaling Rs 4,081 crore from 21 significant real estate projects. Legal proceedings at various levels—from the National Company Law Tribunal (NCLT) to the Supreme Court—have created obstacles for the Authority in recovering these amounts. A report from GNIDA indicates that each project owes over Rs 100 crore, with Supertech Ltd at the forefront as the largest defaulter. The company has outstanding payments of Rs 903 crore, attributed to three projects—Rs 312 crore for one in Sector 1 and Rs 590 crore across two in Sector 16B.…

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Mysuru Proposes Upgrade to Grade 1 City Corporation Status

MYSURU: Following the state’s decision to not pursue the establishment of the Greater Mysuru City Corporation due to insufficient population, the Mysuru City Corporation (MCC) has submitted a new proposal to the government requesting an upgrade to grade 1 MCC. The aim of the proposal is to elevate MCC to a grade 1 city corporation similar to the Hubballi-Dharwad City Corporation. This would involve merging the existing City Municipal Council and town panchayats located on the city’s periphery. The state government is expected to endorse the proposal. A proposal was submitted to the state urban development department following directives from…

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Tamil Nadu revises property valuation methods

CHENNAI: To improve transparency and fairness in property transactions, the state government has revised the stamp rule framework, introducing the concept of “composite value” for apartments and flats while allowing more flexible guideline value revisions. The new regulations, which take effect from June 23, represent a significant change in property valuation practices in Tamil Nadu. The reforms enable the valuation committee to update guideline values at any time during the year, rather than being restricted to a specific month. “Previously, revisions were limited to October. If a decision was made in April to adjust values, we had to wait. Now,…

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HC Orders Residents to Vacate 18-Floor Building in 2 Weeks

MUMBAI: The Bombay High Court has labeled residents of the top 18 floors of the 34-storey Willingdon Heights building in Tardeo as “selfish” for ignoring the need for an occupation certificate (OC). The court has ordered these occupants to vacate their flats within two weeks. A bench led by Justices Girish Kulkarni and Arif Doctor criticized the residents for their “brazen illegality” in occupying flats without the necessary OC. The court instructed the Brihanmumbai Municipal Corporation (BMC) to take action if the order is not followed, stating that these affluent residents are knowingly violating building regulations while evading legal consequences.…

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NGT Launches Probe into Illegal Sand Mining in Dhenkanal

CUTTACK: The National Green Tribunal (NGT) has mandated an investigation into alleged illegal sand mining at a quarry located along the Brahmani River in Dhenkanal district. This directive arose during a Friday hearing regarding a petition from a Talcher-based NGO, alleging that 11.80 acres of sand was being mined illegally at Gunadei village under Odapada tehsil, in violation of various environmental regulations. The petitioners’ legal representatives, Sankar Prasad Pani and Ashutosh Padhy (participating virtually), asserted the project was breaching the Sustainable Sand Mining Management Guidelines, 2016, established by the Union Ministry of Environment, Forests and Climate Change. The NGT’s east…

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Mohali District Collects ₹11.43 Crore in 19 Days via OTS

MOHALI: In a significant development for the Punjab government’s initiative to collect pending property taxes, the urban local bodies (ULBs) in Mohali district have garnered an impressive Rs 11.43 crore within just 19 days through the one-time settlement (OTS) scheme. Commending the enthusiastic participation of citizens, Mohali Deputy Commissioner Komal Mittal noted that the remarkable revenue collected from July 1 to July 19 demonstrates the effectiveness of the scheme introduced by Chief Minister Bhagwant Singh Mann, which is designed to provide substantial relief on outstanding property tax liabilities. As per official reports, Zirakpur led the collections with Rs 7.53 crore,…

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Uttar Pradesh Minister: 380 Registration Offices to Get Own Buildings

VARANASI: On Saturday, UP Minister Ravindra Jaiswal announced plans to construct dedicated buildings for all 380 registration offices in the state, equipped with world-class amenities. This was revealed during the inauguration of eight registration office buildings with an investment of Rs 18.56 crore. The minister also remotely inaugurated a new sub-registrar office in Sagri, Azamgarh district, and laid foundation stones for several offices in Chandauli, Shravasti, Jay Singhpur, Maholi, Ramsanehighat, Lambhua, Sawayajpur, and again in Shravasti. “Under the guidance of Prime Minister Narendra Modi and Chief Minister Yogi Adityanath, the initiative to operate all registration offices in their own buildings…

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Karnataka to Charge for Groundwater; Meters Required for All

BENGALURU: In a significant effort to manage groundwater resources and promote sustainability, the state government has introduced fees ranging from Re 1 to Rs 35 per cubic metre for various users of groundwater, including individuals, housing societies, commercial establishments, industries, and mining operations throughout the state. The fees will affect all types of residential complexes, group housing societies, as well as government bodies providing water in urban settings. Commercial entities and mining operations will also be subject to these new regulations. Moreover, the government has mandated that all residential and commercial property owners secure a no-objection certificate (NOC) prior to…