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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CBI Charges Ninex Developers and Director in Builder-Bank Case

NEW DELHI: The Central Bureau of Investigation (CBI) has charged real estate company Ninex Developers Ltd and its director for alleged fraud in a housing project based in Gurugram, according to official reports released on Monday. This marks the CBI’s 11th report related to builder-banker collusion, where numerous homeowners have been misled by false assurances. According to the charge sheet, the director of Ninex Developers purportedly deceived homebuyers and investors with misleading claims, profiting at their expense. The Supreme Court, on April 29, 2025, directed the CBI to initiate several preliminary inquiries into builders in the National Capital Region (NCR),…

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SC-appointed amicus requests MCD action on illegal constructions

NEW DELHI: An amicus curiae appointed by the court has approached the Supreme Court with requests for directions, including an affidavit from the Municipal Corporation of Delhi (MCD) detailing the survey and actions taken against illegal constructions in the capital. This plea comes in the wake of the collapse of a purportedly illegal five-storey building in Saidulajab, which resulted in six fatalities and at least 14 injuries on May 30. On March 25, a bench featuring Justices Ahsanuddin Amanullah and R Mahadevan expressed serious concern regarding the widespread violations of building regulations and the municipal authorities’ failure to curb unauthorized…

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EOW Arrests Director in ₹100-Crore Real Estate Scam; 5 Still Missing

LUCKNOW: The Uttar Pradesh Police’s Economic Offences Wing (EOW) has apprehended Mahipal Singh, a director involved in a suspected multi-crore real estate scam linked to Karmabhoomi Real Estate Company Limited. The company is accused of defrauding numerous investors across various districts. Five other directors and associates are still at large, according to police officials. Singh, aged 50 and hailing from Chhatikara in Mathura, was arrested on June 6 during a state-wide crackdown on economic offenders ordered by senior EOW officials. He had been evading arrest in relation to Investigation No. 44/2023, which originated from Case Crime No. 03/2023 filed at…

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Delhi HC Adds JK Paper as Defendant in Prithviraj Bungalow Case

Delhi High Court NEW DELHI: The Delhi High Court has added JK Paper Ltd as a defendant in the ongoing legal matter regarding a 3,731-square-yard bungalow located on Prithviraj Road in Lutyens’ Delhi, which the company purchased in December 2021 for Rs 250 crore. Punit Beriwala, the managing director of Vipul Ltd, contested the sale of this land, asserting that he had already made an advance payment for it. Beriwala’s attorney, Lokesh Bhola from Legal Icons, stated that his client made a significant payment towards the property in 2004 to previous owners Bhai Manjit Singh, Maheep Singh, and Bhai Vikramjit…

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Karnataka HC Supports Land Acquisition for Banashankari VI Stage

BENGALURU: In a significant development for the Bangalore Development Authority (BDA) and site allottees, the Karnataka High Court has upheld the acquisition of specific land parcels in Hemmigepura and Ganakallu villages located in Kengeri hobli for the Banashankari VI Stage project. A division bench consisting of Justices DK Singh and S Rachaiah delivered the ruling, overturning a previous decision made by a single bench on January 27, 2025. The court emphasized that once land is acquired by the state government free from all encumbrances, there is no basis for challenging the acquisition. It deemed the petition as a significant misuse…

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Telangana HC Questions Accountability for Officials Clearing Illegal Buildings

HYDERABAD: The Telangana High Court has inquired whether any action has been taken against government officials who allegedly sanctioned illegal constructions and provided civic amenities like water and electricity to structures that were later demolished by the HYDRAA for encroaching on government land. A vacation bench led by Justice Nagesh Bheempaka posed this question while hearing petitions from over 20 residents of Patelguda village, located on the outskirts of Hyderabad. The residents claimed that their homes were demolished in September 2024 without notice, leaving them homeless. The petitioners informed the court that a subsequent survey, conducted on the court’s orders,…

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HYDRAA Alerts Telangana HC on Realty Firm in Kukatpally

HYDERABAD: The Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) informed a vacation bench of the Telangana High Court on Thursday that it is not interfering with a 13.17-acre land in Kukatpally currently possessed by NVN Constructions Pvt Ltd. HYDRAA claimed that the site was part of a waterbody and proceeded to demolish the compound wall, security guard rooms, cut electricity supply, and damage equipment on the premises. Subsequently, after the firm filed a contempt case, the High Court issued interim directives on May 29, instructing HYDRAA and other government bodies to restore the site to its original condition by…

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Jaipur Developer Seeks SC Action on Residential Land Use

Supreme Court of India NEW DELHI: A private real estate company in Jaipur has petitioned the Supreme Court, alleging unauthorized commercial activities on land intended for residential use and urging the Jaipur Municipal Corporation (Greater) to investigate and act accordingly. The petition was filed in the ongoing case of Loganathan vs State of Tamil Nadu & Ors., where the Supreme Court already instructed municipal authorities in state capitals to identify residential areas misused for commercial activities and provide compliance reports. Rajdarbar Pinkcity Developments Pvt. Ltd. seeks to include its concerns in the Supreme Court’s ongoing review of unauthorized commercial use…

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NGT Forms Panel to Investigate Illegal Sand Mining in Rushikulya

CUTTACK: The National Green Tribunal (NGT) has ordered a joint investigation into claims of illegal sand mining and environmental violations at a sand quarry along the Rushikulya River in Ganjam district, directing key state authorities and regulatory bodies to respond. The NGT’s east zone bench issued the order during a hearing on a petition submitted by Tuna Das and Rajani Kanta Padhy on May 26, which highlighted significant irregularities in mining activities at the Bhimpur sand bed covering 10.425 acres in Purushottampur tehsil. The decision was published online on Monday. The petitioners requested the cancellation of environmental clearances and operating…

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Chandigarh Property Tax Defaulters to Receive Recovery Notices Soon

CHANDIGARH: Property tax defaulters in the city should brace themselves for recovery notices, including penalties and interest, expected to be dispatched by the end of this month or early next month, as the civic body initiates the compilation of defaulter lists. Individuals who have not paid their property tax within the designated two-month period will incur a 25% penalty, plus 12% interest on the total tax amount. As the tax branch finalizes the data on taxpayers, sources indicate that there will be a prioritized focus on collecting dues from defaulters. Separate lists for residential and commercial defaulters will be generated,…