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 body initiates probe into illegal construction activities

LUCKNOW: The Lucknow Development Authority (LDA) has initiated an inquiry into claims of unauthorized construction at a site in Vinamra Khand, Gomtinagar, in response to a complaint from the owner of a neighboring plot. LDA Vice-Chairman Prathamesh Kumar instructed officials to carry out a comprehensive investigation and submit their findings. “The matter is currently under review by the relevant department,” he stated. In the past 25 days, two complaints have been lodged by Yamini Mathur, the owner of the adjacent plot, alleging that the construction deviates from the approved building plan. The latest complaint, filed on Saturday, asserted that construction…

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ED Files Second Complaint Against Unitech Group Promoters

NEW DELHI: The Enforcement Directorate (ED) submitted its Second Supplementary Prosecution Complaint (SPC) to the Special Court under the Prevention of Money Laundering Act (PMLA) on July 10. The complaint targets Ramesh Chandra and others, including multiple companies such as M/s Shivalik Ventures Private Limited, M/s Auram Asset Management Private Limited, M/s Unitech Build Tech Limited, M/s Unitech Golf Resorts Limited, and M/s Ranchero Services Limited. This action is part of a larger investigation into significant financial irregularities and money laundering associated with Unitech Limited and its directors. The ED’s investigation was initiated based on FIRs lodged by the Central…

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Settlement Officials Dismissed in Jaisalmer Fraud Case

Representative image created by AI JAISALMER: In a significant anti-corruption initiative, Settlement Commissioner Nikaya Gohaen has dismissed four officials from the Ram Nagar settlement department in Jaisalmer district after uncovering fraudulent plot allocations. The officials removed include RI Vikram Singh, Patwari Kishor Ram, senior assistant Yogendra Kumar, and junior assistant Shivraj Singh, all of whom were let go on Saturday. The investigation revealed that the Nachna settlement had been plagued by corruption, with irregularities dating back to 2006. Notably, there was a case involving plot allocations meant for 2006 that were only executed in 2016, leading to a government loss…

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HC Asks Noida Authority: OCs for Lotus Boulevard Granted Without STPs?

NOIDA: The Allahabad High Court has instructed the Noida Authority to provide a comprehensive affidavit detailing the process by which occupancy certificates (OCs) were issued for the Lotus Boulevard project, despite claims concerning incomplete sewage treatment facilities. This order, dated July 7, was in response to a petition lodged by the apartment owners’ association, which asserted that the essential sewage treatment plants (STPs) were not operational when the certificates were granted. The bench, comprising Justices Mahesh Chandra Tripathi and Vinod Diwakar, has mandated that the Authority’s CEO submit the affidavit by the next hearing scheduled for July 16. The report…

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DTPE Notifies 61 Sushant Lok-1 Plot Owners of Illegal Activities

GURUGRAM: During a two-phase enforcement initiative, 61 show-cause notices were issued to property owners in Sushant Lok-1 for conducting commercial activities such as clinics, gyms, skincare centers, eyewear shops, departmental stores, bookstores, toy stores, and offices within residential areas. The initiative, executed by the District Town Planner Enforcement (DTPE) team with police backing, also led to the demolition or sealing of unauthorised constructions in Vyapar Kendra Market. One illegal floor and 21 offices were sealed for violating construction regulations and encroaching on shared spaces. Additionally, 17 unauthorised staircases and five encroachments were removed. Businesses affected included Pooja Taxi, multiple units…

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Odisha Builder Arrested in ₹5 Crore Land Scam

BERHAMPUR: Odisha Police arrested a 43-year-old realtor in the Ganjam district for allegedly defrauding nearly 200 individuals of over Rs 5 crore under the guise of allotting residential plots, officials reported on Sunday. The accused, Chetan Kumar Choudhury, is the son of a former president of the district’s Congress unit. According to police reports, Choudhury, residing in Gosaninuagaon, Berhampur city, collected monthly installments from buyers via his office staff since August 2019, promising to allot plots by September 2021. However, as the promised date arrived, when investors sought their plots, Choudhury allegedly denied any responsibility, claiming the receipts were fraudulent…

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ED Seizes ₹762 Crore in PACL Assets

NEW DELHI: The Enforcement Directorate (ED) announced on Saturday that it has attached assets valued at over Rs 762 crore belonging to PACL (Pearls Group) and its promoters under the anti-money laundering law. This action relates to an alleged Ponzi scheme that swindled investors out of approximately Rs 48,000 crore. A provisional order under the Prevention of Money Laundering Act (PMLA) has been issued to seize 68 immovable properties located across Punjab, Haryana, Delhi, Maharashtra, and Australia. This money-laundering investigation dates back to 2015 and originated from a Central Bureau of Investigation (CBI) FIR against Pearl Agrotech Corporation Limited (PACL),…

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ED Arrests Two in Sahara Group Money-Laundering Case

NEW DELHI: On Sunday, the Enforcement Directorate (ED) reported the arrest of two individuals, including an executive director from the Sahara Group chairman’s core management team and a property broker closely associated with the group, as part of a money-laundering investigation concerning the Sahara Group and its affiliates. The arrested individuals have been identified as Vailaparampil Abraham and Jitendra Prasad Verma. According to the ED, Abraham had a crucial role in facilitating the sale of Sahara Group properties, many of which allegedly involved significant unaccounted cash transactions. Verma was actively engaged in executing several of these property deals and aided…

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ED Seizes ₹681 Crore Assets from Ramprastha Group

Representative image created by AI NEW DELHI: The Enforcement Directorate (ED) has attached colonies and plots spanning over 1,900 acres, valued at over Rs 680 crore, related to the Ramprastha real estate group in Gurugram due to an alleged fraud involving homebuyers. A provisional order has been issued under the Prevention of Money Laundering Act (PMLA) against Ramprastha Promoters and Developers Pvt Ltd (RDDPL) and its affiliates, the agency announced in a statement. The properties attached include various plotted colonies within Ramprastha City covering 226 acres in Sectors 37D, 92, and 95, as well as land parcels totaling 1,700 acres…

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PCMC Forms Squad to Tackle Staff Negligence in Illegal Builds

PUNE: The Pimpri Chinchwad Municipal Corporation (PCMC) has set up a dedicated vigilance squad to oversee its staff for any lapses related to illegal building activities. This initiative aims to curb unauthorized development in its early stages, according to a senior civic official. On Wednesday, PCMC’s municipal commissioner, Shekhar Singh, led a review meeting with zonal officers and beat inspectors to address various issues, including illegal constructions, encroachments on footpaths and drainage systems, unregulated vegetable markets, and unauthorized religious structures. Singh emphasized the need for immediate action to stop unauthorized development early on and warned that negligence in enforcement would…