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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Telangana HC: GHMC can’t unilaterally cancel sale deed

HYDERABAD: The Telangana High Court has ruled that a registered sale deed cannot be unilaterally canceled, thereby nullifying a cancellation deed issued by registration authorities, while also affirming the rejection of a land regularization application related to the contested property. Justice Laxmi Narayana Alishetty presided over two interconnected writ petitions filed by 60-year-old Kanneti Kamalamma from Kukatpally, who is asserting her ownership over a 287-square-yard plot in Guttalabegumpet, Serilingampally. The court ruled in favor of Kamalamma regarding the deed cancellation challenge but clarified that authorities still retain the right to revoke the original sale deed as per legal procedures. The…

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No delay in conveyance due to future TDR use: Bombay HC

MUMBAI: Last week, the Bombay High Court provided relief to three Vile Parle housing societies comprising ten buildings constructed in the 1970s and two from November 1990. The court upheld the deputy registrar’s authority to unilaterally grant deemed conveyance of land along with the buildings, ruling that future FSI potential concerning portions of land designated for public amenities should not hinder the process. In a ruling on June 18, Justice Sandeep Marne stated, “The conveyance of the land intended for the societies cannot be postponed until the municipal corporation acquires the land and compensates the petitioner.” Justice Marne expressed skepticism…

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Raipur: 84,000 Tax Defaulters Targeted for ₹400-Cr Revenue

RAIPUR: As the June 30 deadline approaches for a 6.25% rebate for timely taxpayers, the Raipur Municipal Corporation (RMC) is set to take strong measures against 84,000 property tax defaulters in an effort to achieve an annual revenue goal exceeding ₹400 crore. The RMC aims to surpass the ₹400-crore revenue target to enhance its financial independence. According to officials, recent recovery efforts have shown positive outcomes, with collections reaching ₹1 crore daily during peak times. The corporation is utilizing Geographic Information System (GIS) technology to identify remaining tax evaders among the city’s 3.46 lakh registered properties by comparing physical structures…

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Builder ordered to refund ₹12.5 lakh plus interest to buyer

MUMBAI: The Maharashtra State Consumer Commission has ordered Emnoy Properties India LLP, along with its partners and other real estate entities, to refund Rs 12.5 lakh, plus 12% annual interest, to Mumbai residents Mohammed Zain Khan and his mother, Naseema Khan, over a dispute concerning a bungalow plot in Lonavala. Additionally, they awarded Rs 2 lakh for mental distress and Rs 50,000 for legal costs. Customers reported project delays and title disputes. The complaint revealed that in 2012, Mohammed Zain Khan, an attorney, and his mother purchased a bungalow plot under the “Valvan Valley” project, assured that the development would…

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Bhopal: EOW Charges Hilltop Society Leaders in Fraud Case

BHOPAL: The Economic Offences Wing (EOW) has initiated legal action against the office-bearers of the Hilltop Housing Cooperative Society in Bhopal. They are accused of defrauding members by collecting substantial sums over 40 years without providing promised plot ownership. This case arose from inquiries into multiple complaints by society members, notably Narendra Nathani. Evidence discovered by the EOW indicates that members paid the full price for their plots and additional development charges but never received their land. Investigators allege that although sale deeds were issued in members’ names, the society retained the original documentation and supplied only photocopies, allowing for…

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Punjab Auctions Properties of VAT, GST Defaulters for Dues

CHANDIGARH: Punjab Minister Harpal Singh Cheema announced on Friday that the state government has ramped up efforts to recover taxes from defaulters by initiating public auctions of properties owned by persistent VAT and GST evaders. “In a decisive move to recover long-overdue state revenue, the Department of Excise and Taxation has successfully carried out three major property auctions, reclaiming substantial amounts from businesses and individuals who have consistently neglected their tax obligations despite numerous opportunities and official legal notices,” he remarked. Detailing the initial successes of this enforcement initiative, the Finance, Excise and Taxation Minister stated that the first significant…

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Indore Mayor-in-Council Rejects Property Tax Re-zoning Plan

INDORE: The Mayor-in-Council (MiC) declined a proposal on Thursday to adjust property tax rate zones for over 50 localities, including 29 recently integrated villages. This revision would have moved developing areas from lower tax brackets (Zone 5) to higher ones (Zones 1 and 2). The MiC, led by Mayor Pushyamitra Bhargav, approved a standard licensing fee for each cinema screen displaying commercial advertisements without prior authorization from the IMC. The council also authorized the tender invitation for the construction of 8,100 housing units under the Pradhan Mantri Awas Yojana 2.0. The council granted in-principal approval to regularize the corporation’s regulated…

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Karnataka HC: Premium FAR Scheme Isn’t Akrama-Sakrama Rebranded

BENGALURU: The High Court has upheld the state’s Premium Floor Area Ratio (FAR) scheme, asserting that it should not be equated with the controversial Akrama-Sakrama scheme, which is aimed at regularizing unauthorized constructions. In its judgment, delivered on June 15, the division bench, comprising Chief Justice Vibhu Bakhru and Justice CM Poonacha, dismissed a public interest litigation and a related writ appeal, emphasizing that the Premium FAR scheme fundamentally differs from Akrama-Sakrama. The Premium FAR scheme modifies development regulations uniformly rather than legalizing illegal structures. The court noted that the Akrama-Sakrama scheme allows for regularizing unauthorized constructions through payment, while…

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Mumbai court denies bail to businessman in ₹1,000 crore fraud

MUMBAI: A Mumbai court has rejected the anticipatory bail plea of businessman Sudhir Valia, who is implicated in a Rs 1,000-crore financial fraud involving Yes Bank. The court ruled that the charges are serious and that Valia’s custodial interrogation is necessary. Rana Kapoor, co-founder of Yes Bank, is also among those accused in the case. Additional Sessions Judge Anil D. Salunkhe stated, “The seriousness of the alleged economic fraud involving the applicant (Valia) in collusion with Yes Bank officials necessitates custodial interrogation.” The Economic Offences Wing (EOW) of the Mumbai Police has registered a new FIR targeting Kapoor, Valia, director…

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Patna civic body collects over ₹31 crore in property tax

PATNA: The Patna Municipal Corporation (PMC) has collected over ₹31 crore in property tax from April 1 to June 16 this financial year, exceeding the ₹30 crore collected during the same period last year, even with a decline in the number of taxpayers. According to official PMC data, 94,553 property owners paid their tax by June 16 this year, down from 98,338 in the previous fiscal year. Officials credit the increase in revenue to a revised assessment structure informed by road categories and property locations, as well as improved compliance. Online payments continue to lead tax collection efforts, with 57,541…