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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Allahabad HC Overturns Greater Noida Plot Cancellation Order

NOIDA: In a recent legal development, the Allahabad High Court has annulled two cancellation orders from the Greater Noida Industrial Development Authority (GNIDA), emphasizing that the Authority “failed to meet deadlines and adhered to faulty procedures.” One order pertained to a significant IT/ITES project in Tech Zone II, and the other addressed a group housing project in Sector 10. The rulings, issued by Justice Prakash Padia earlier this month, reinstated allotments and provided relief to developers Elevator Properties and Kinetic Buildtech. These developers challenged GNIDA’s decisions in court, claiming the Authority’s own shortcomings hindered their projects. In the first instance,…

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Noida Authority Denies Max Estates’ ₹67 Crore Waiver Request

AI-generated Representative Image NOIDA: The Noida Authority has denied a request from Max Estates Ltd to eliminate constitution change charges (CIC) amounting to approximately Rs 67 crore related to the acquisition of the halted Delhi One project in Sector 16B. These charges arise from a comprehensive shareholding shift due to insolvency proceedings and are part of the Authority’s updated unified policy announced in February. Initially, Max sought a total waiver of the CIC but later revised its proposal to pay Rs 22 crore—around 40% of the assessed fees—into an interest-bearing account under certain conditions. The Authority, however, maintained that the…

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Ghaziabad Reverses Property Tax Increase

GHAZIABAD: The Ghaziabad Municipal Corporation (GMC) board has repealed its earlier decision to increase property tax in the city. The new tax structure, which took effect on April 1 this year, faced significant backlash from Resident Welfare Associations (RWAs) and business groups, prompting councillors to urge the board to reconsider its stance. Mayor Sunita Dayal convened a special board meeting to address the matter. Following a spirited discussion, the board ultimately decided to rescind the tax hike. Notable figures in attendance included Ghaziabad MP Atul Garg and MLAs Sunil Sharma, Sanjeev Sharma, and Ajitpal Tyagi. Dayal stated, “The increased property…

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Patna civic body collects ₹40 crore in property tax in 3 months

PATNA: The Patna Municipal Corporation (PMC) has achieved notable success in property tax collection, securing Rs 40 crore in the first quarter of the 2025-26 fiscal year, which is over 28% of its annual goal. This achievement follows a 5% rebate for property owners who made timely payments, valid until Monday, June 30. The municipal body has set an ambitious target of Rs 141 crore for this financial year, a significant increase from the Rs 117 crore collected in 2024-25. Ashish Kumar, the additional municipal commissioner, confirmed the figures, stating, “The collection represents over 28.36% of our annual target for…

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ED Raids Raheja Developers Over Homebuyer Fraud Case

NEW DELHI: On Tuesday, the Enforcement Directorate reported the seizure of “incriminating” documents and asset details during searches of real estate firm Raheja Developers Ltd. and its directors, as part of a money laundering investigation linked to alleged fraud against homebuyers. The raids occurred on June 27 in Delhi-NCR and Mohali, Punjab. The ED’s money laundering case arises from several FIRs filed by the Economic Offences Wing (EOW) of the Delhi Police against Raheja Developers Ltd, its Managing Director Naveen Raheja, and others. The agency stated that the FIRs claim “substantial” sums were fraudulently collected from investors and homebuyers with…

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Allahabad HC Secures Registry of 220 Noida Flats After Builder’s ₹25 Crore Offer

NOIDA: The Allahabad High Court has directed the Noida Authority to proceed with the flat registries for the Grand Omaxe and Forest Spa projects in Sector 93B, facilitating 220 families in obtaining their property documents. The ruling followed the developer’s commitment to deposit an additional ₹25 crore with the Authority within two weeks, enabling the registry of 50 more flats. Previously, the company had contributed ₹93 crore under the state government’s rehabilitation scheme for stalled projects, allowing 170 flats to gain registration approval. The Grand Omaxe and Forest Spa projects feature a total of 1,692 sanctioned flats, out of which…

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Nagpur Civic Body Gathers ₹89 Crore in Q1 FY26 Tax

NAGPUR: In the first quarter of the 2025–26 financial year, approximately 22.98% of the 8.36 lakh property owners in Nagpur took advantage of the rebate scheme introduced by the Nagpur Municipal Corporation (NMC). This scheme offers a 15% rebate for online payments and 10% for offline payments. From April 1 to June 30, a total of 1,92,324 taxpayers contributed Rs 88.85 crore in property tax. Among these, 96,993 property owners utilized online platforms—including the NMC website, the My Nagpur mobile app, and a WhatsApp chatbot—contributing Rs 49.92 crore. The remaining 95,331 taxpayers paid Rs 35.97 crore at zonal offices and…

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Ranchi collects record ₹39 crore in property tax in Q1 FY26

RANCHI: The Ranchi Municipal Corporation (RMC) achieved a record property tax collection of Rs 39.33 crore in the first quarter (April to June) of the 2025-26 fiscal year, serving 81,320 taxpayers, according to official data. The surge in collections is attributed to several factors, including a tiered rebate scheme, increased digital engagement, extended door-to-door collection, and payment facilitation centers. Taxpayers could avail a 10% rebate on lump-sum payments until June 30, with previous slabs in April and May offering rebates of 3%, 5%, and 7%. Of the total, Rs 20.27 crore was gathered through door-to-door efforts involving over 53,500 taxpayers.…

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Pimpri Chinchwad Q1 FY26 Property Tax Collection Hits ₹522 Crore

PUNE: The Pimpri Chinchwad Municipal Corporation (PCMC) has set a record in property tax collection during the first quarter of the 2025-26 financial year. This accomplishment is largely attributed to the effective utilization of data from its “City Hub for Data Communication” (CHDC) project. In just 90 days, the PCMC collected ₹522 crore in property tax, surpassing 50% of the total tax revenue collected in the previous fiscal year. Last year, the civic body achieved the ₹500-crore milestone only by October. This strong start positions the PCMC to aim for an unprecedented annual collection. During the 2024-25 financial year, the…

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Sudhanshu Infrastructure Faces Legal Action in Bhandup Case

MUMBAI: In a significant move against unauthorized construction and violations of urban planning regulations, the Slum Rehabilitation Authority (SRA) has filed a complaint with Bhandup police against Sudhanshu Infrastructure Pvt. Ltd. and its representatives, including Abhayjit Dubey, for alleged illegal structural alterations and unauthorized occupancy of Aniraj Tower in Bhandup (West), Mumbai. According to Laxmikant Manekar, Assistant Engineer at the SRA, the developer improperly constructed a hall instead of a permitted shop on the 8th floor without the necessary approvals under the Maharashtra Regional and Town Planning (MRTP) Act, 1966. This construction violates the approved building plan. Moreover, the developer…