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.

Latest StoriesRegulatory

Delhi Civic Revenue Soars 17% to ₹14,549 Crore in 2025-26

NEW DELHI: The Municipal Corporation of Delhi (MCD) achieved its highest annual revenue of Rs 14,549.06 crore for the financial year 2025-26, marking a 17.27% increase from the previous year, as reported by officials on Tuesday. According to MCD standing committee chairperson Satya Sharma, total revenue soared from Rs 12,406.75 crore in 2024-25 to Rs 14,549.06 crore in 2025-26, representing an increase of Rs 2,142.31 crore. “MCD’s own revenue rose from Rs 9,400.20 crore to Rs 11,239.24 crore during this period, indicating a growth of 19.56%. Additionally, revenue and grants from the Delhi government climbed from Rs 2,983.87 crore to…

Latest StoriesRegulatory

Pune Builder Charged with Cheating Flat Buyers of ₹50 Crore

Representative AI image PUNE: The Wagholi police have initiated a cheating case against a local builder and his associates after over 150 homebuyers complained of being defrauded of nearly Rs50 crore. This action follows the builder’s failure to deliver flats in a housing project located in Kesnand, Wagholi, despite receiving significant payments from buyers. The investigation began with a complaint from a 49-year-old buyer who reported paying Rs31.77 lakh in 2018 for a 2-BHK flat and a commercial space. This amount included personal savings and bank loans transferred directly to the builder’s account. According to the signed agreement, the builder…

Latest StoriesRegulatory

ED Raids 17 Locations in Corporate Insolvency Case

MUMBAI: On Tuesday, the Enforcement Directorate (ED) conducted searches in Maharashtra and Delhi as part of an investigation into potential money laundering linked to alleged irregularities in a corporate insolvency resolution process, officials reported. Seventeen locations connected to Suraksha Asset Reconstruction Company Ltd (SARCL), Suraksha Realty Ltd, Khyati Realtors Pvt Ltd, their promoters, directors, employees, and a former YES Bank employee were searched in Mumbai, Khandala (Maharashtra), and Delhi. The companies were not immediately available for comment regarding the ED’s actions. The investigation centers on the purported fraudulent issuance of a loan by YES Bank to Mackstar Marketing Pvt Ltd,…

Latest StoriesRegulatory

Delhi HC: Can’t demolish homes of residents not relocated yet

NEW DELHI: On Monday, the Delhi High Court ordered that authorities cannot demolish the homes of residents in Race Course slum clusters who have not agreed to alternative housing until July 1. “If they have not voluntarily vacated, you cannot touch them until July 1,” stated Justices Tejas Karia and Madhu Jain during the hearing of an appeal from residents of Bhai Ram Camp, DID Camp, and Masjid Camp. They challenged a previous ruling that denied intervention in their eviction from the area, adjacent to the prime minister’s official residence. The appeal came to the vacation bench following an urgent…

Latest StoriesRegulatory

ED Seizes ₹503 Crore Assets from Raheja Developers

NEW DELHI: The Enforcement Directorate (ED) announced on Monday that it has attached fresh assets valued at approximately Rs 503 crore as part of an ongoing money-laundering investigation into alleged fraud involving homebuyers by Raheja Developers and its promoter Navin M Raheja. The agency issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA). The attachment includes immovable properties worth an estimated Rs 503.48 crore, belonging to Raheja Developers Ltd. as well as properties owned by Navin M Raheja and his family members, as stated by an official announcement. This probe originated from multiple FIRs filed by…

Latest StoriesRegulatory

15+ Property Owners Cited for Tenant Verification Issues in Samba

JAMMU: On Monday, the Jammu and Kashmir Police registered 19 FIRs against property owners in Samba district for failing to provide tenant details, officials confirmed. The FIRs were filed at the Samba and Bari Brahmana police stations as part of a special verification initiative aimed at improving security and ensuring compliance with tenant verification regulations. The drive focused on individuals renting properties and domestic workers. Thirteen cases were recorded at Bari Brahmana and six at Samba police station, as per a spokesperson’s statement. The District Magistrate of Samba has mandated police verification for all tenants. However, many property owners did…

Latest StoriesRegulatory

SC to Hear Plea on Flats Under Subvention Scheme

NEW DELHI: The Supreme Court has agreed to hear a plea urging the Centre to establish a scheme ensuring that if flats under a subvention plan are not delivered to homebuyers, both the lender and builder will share the loss of the loan amount disbursed. Under the subvention scheme, banks directly transfer sanctioned amounts to builders, who are then responsible for covering the EMIs until the flats are delivered. However, when builders default on the EMIs according to the tripartite agreement, banks seek payment directly from homebuyers. A bench consisting of Chief Justice Surya Kant and Justice V Mohana has…

Latest StoriesRegulatory

Jaipur Courts Handle Multiple FIR-Related Applications Against Builder

JAIPUR: Several applications related to criminal cases against real estate businessman Gyan Chandra Agarwal are currently before the courts in Jaipur, highlighting ongoing investigations into various land and property issues. Records indicate that Pink City Infrastructure Private Ltd. has filed multiple applications through its representatives concerning several FIRs lodged from 2019 to 2023. These applications address matters related to alleged cheating, forgery, criminal conspiracy, and breach of trust. The complainant company has requested judicial oversight regarding the status and progress of the investigations by law enforcement. Notably, despite numerous cases, Agarwal remains at large and has not been arrested. Additionally,…

Latest StoriesRegulatory

Bombay HC Denies Deemed Conveyance for Housing Society

MUMBAI: The Bombay High Court has annulled an order granting deemed conveyance to a housing society in Andheri West, stating that the competent authority under the Maharashtra Ownership of Flats Act lacked the power to entertain a second application on a finalized issue. Justice Farhan Dubash remarked that the deputy registrar of cooperative societies effectively exercised review powers that are neither recognized under the Maharashtra Ownership of Flats Act (MOFA) nor granted to it. He stated, “The second application was not only premature but also barred by principles akin to res judicata and the doctrine of finality of proceedings.” Justice…

Latest StoriesRegulatory

Delhi: NDMC Extends 10% Property Tax Rebate by June 30

NEW DELHI: The New Delhi Municipal Council (NDMC) announced on Saturday a 10% rebate on property tax for the fiscal year 2026-27. This rebate is available to taxpayers who settle their dues by June 30. The civic body encourages property owners in its jurisdiction to take advantage of this rebate by making timely payments through its online portal or through other approved payment methods. The rebate initiative has been a consistent part of the NDMC’s property tax collection strategy in recent years, aimed at promoting early payments and enhancing revenue collection. A similar 10% rebate was also offered last year…