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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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…

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NCLT Approves Mantra Properties’ Plan for Worli Project

The National Company Law Tribunal (NCLT) in Mumbai has approved Mantra Properties & Developers’ resolution plan for a stalled residential project located in Worli, Mumbai. This decision marks a significant step towards reviving a development projected to yield approximately ₹2,000 crore. The tribunal endorsed the resolution plan submitted by Mantra Properties for the insolvent Siddhi Raj Housing Projects Pvt Ltd, concluding a corporate insolvency resolution process that began in May 2023 due to a contractor’s petition. The committee of creditors (CoC) supported the plan with a 92.97% voting share. The NCLT, in its order dated June 19, affirmed that the…

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Telangana HC Delays Hearing; Hakimpet Auction Stalled

Telangana High Court HYDERABAD: The Telangana High Court has postponed the hearing on a series of petitions contesting the e-auction of an 8.24-acre land parcel in Hakimpet, Banjara Hills, effectively pausing the auction process. The auction was initially set for June 19, but was delayed to July 2 due to claims of ownership raised by certain parties in the High Court. During the hearing, Justice NV Shravan Kumar ordered the appointment of two advocate commissioners, one representing the petitioners and the other for the state government. “They are to inspect the lands and submit a report to the court,” stated…

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ED Raids in Ghaziabad Over Housing Society Fraud

ED raids in Ghaziabad, Delhi in alleged housing society fraud case NEW DELHI: The Enforcement Directorate (ED) conducted searches at various locations in Ghaziabad and Delhi on Thursday as part of its investigation into an alleged housing society fraud involving a real estate developer and cooperative society officials. The search operation, led by ED’s Lucknow zonal office, falls under Section 17 of the Prevention of Money Laundering Act (PMLA) in connection with a case against Sandeep Singh, promoter of Shrasth Propbuild Pvt Ltd, and the office-bearers of Seva Suraksha Sahkari Awas Samiti. Officials familiar with the proceedings stated that the…

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Court orders Mumbai builder to refund buyer for delayed flat

MUMBAI: The Maharashtra Consumer Disputes Redressal Commission has mandated two builder firms to refund Rs 1.05 crore with interest to a couple for failing to deliver their flat after full payment and selling it to someone else. In a ruling delivered last week, the commission observed that the complainants, having invested their life savings in the Mumbai project, underwent a “prolonged and egregious ordeal lasting over a decade”. The decision was made ex parte, as the builders—Universal Housing & Infrastructure and Universal Construction, along with managers Saquib Shaikh Ahmed Mukadam and Sajid Shaikh Ahmed Mukadam—did not respond to the commission.…

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Official Suspended for Illegally A-khataing 50 Properties in Bengaluru

BENGALURU: The Bengaluru West City Corporation (BWCC) has suspended assistant revenue officer KS Manjula for allegedly issuing A-khatas for over 50 properties in an unauthorized layout spanning four acres in Herohalli village, Bengaluru North taluk. The suspension order states that the electronic property identification number (EPID) of the property was unlawfully linked to another property while processing the khatas. Additionally, the land is currently involved in litigation, with a city civil court mandating that the status quo be maintained. Manjula, who worked in the Herohalli sub-division, has been suspended immediately while a departmental inquiry is conducted. The order highlights the…

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Indore Issues Notices to 47 for Building Permit Fraud

INDORE: The Indore Municipal Corporation (IMC) has issued notices to 47 property owners and licensed consultants for tampering with building permissions in order to evade appropriate fees and minimize future property tax obligations. This action follows a thorough examination of 300 online building permissions approved over the past two months. The discrepancies were identified within the civic body’s automated ‘deemed approval’ system, which was designed to approve building plans for smaller structures promptly, without manual intervention from municipal officials. Allegedly, applicants manipulated data to underpay building permission fees by Rs 8,000 to Rs 10,000. Prakhar Singh, the additional commissioner of…

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HC nullifies Tamil Nadu law allowing registrars to block deals

MADURAI: The Madras High Court has annulled Section 34-C of the Registration Act, 1908, which was amended by Tamil Nadu in 2026. The court ruled that this section unjustly conferred sub-registrars with the authority to impede property registrations based on issues within civil court jurisdiction. A division bench comprising Justices N. Sathish Kumar and M. Jothiraman deemed the provision unconstitutional and invalid, while accepting four writ petitions that challenged the amendment. Section 34-C prohibited the registration of documents related to immovable property unless the individuals involved presented the original document and an encumbrance certificate. Furthermore, registration was restricted in cases…

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SREI Finance Withdraws Plea on Nirmal Lifestyle’s Revival Plan

The heavily indebted realty firm, Nirmal Lifestyle (Mulund) Pvt Ltd, has seen one of its secured creditors, SREI Equipment Finance Ltd, withdraw its appeal to the National Company Law Appellate Tribunal (NCLAT). This withdrawal follows the resolution applicant’s clarification that the contested mortgaged property is not part of the approved plan. In April, the Mumbai bench of the National Company Law Tribunal approved the acquisition of Nirmal Lifestyle (Mulund) by Pune-based developer, Mantra Properties and Developers Pvt Ltd. The company carries liabilities totaling Rs 1,491 crore, while the bidder proposed Rs 215 crore under the resolution plan to reinstate the…

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Ahmedabad Court Denies Bail to Popular Builders Owner

AHMEDABAD: A city sessions court on Tuesday denied the regular bail request of Raman Patel, the owner of Popular Builders, in a land-grabbing case filed by the CID (crime) last year. The court refused bail primarily due to Patel’s prior convictions, including a similar case in which he was found guilty of using forged documents to seize two plots. Patel and his brother Dashrath were named as witnesses in a 2010 CBI chargesheet related to the controversial Sohrabuddin Sheikh encounter case. Over the last five years, Patel has faced multiple allegations of land grabbing linked to forged documentation concerning transactions…