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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Bengaluru issues final warning to 1,010 property tax defaulters

BENGALURU: The Greater Bengaluru Authority (GBA) has issued a final warning to property owners who are overdue on their property taxes, with a total of Rs 33.9 crore pending from 1,010 property owners across the five city corporations. Special Commissioner (Revenue) Munish Moudgil stated that Rs 14.3 crore is owed by 510 significant defaulters, while Rs 19.6 crore is awaiting resolution in 500 property tax reassessment cases. “Zonal joint commissioners have been directed to accelerate the recovery from major defaulters and those in reassessment. The list of the top 50 defaulters and reassessment cases for each municipal corporation is now…

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Lucknow Civic Body Seals Seven Establishments for Tax Dues

LUCKNOW: On Monday, the Lucknow Municipal Corporation (LMC) sealed seven establishments across zones 2 and 4 as part of a drive to recover outstanding property and house tax from major defaulters. In zone 4, three government-sector buildings were sealed due to significant tax arrears. Zonal officer Shilpa Kumari stated that these institutions had received multiple notices to clear their dues, but payments were not forthcoming. The sealing process was initiated in accordance with municipal regulations. According to records, these three establishments collectively owe more than Rs 1.5 crore in property taxes. Officials confirmed that the enforcement team carried out the…

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Calcutta HC Cancels Builder’s Bail, Rejects ‘Sinful’ Protection

KOLKATA: The Calcutta High Court has revoked the bail granted to a builder involved in a cheating case by a lower court, stating that the liberty of an accused cannot be safeguarded by an order “born in sin”. Justice Uday Kumar noted that a bail order that is unsigned or partially initialed, lacks a rationale addressing the victim’s specific objections, and disregards witness intimidation history, constitutes a perverse ruling that the high court must annul. “This case showcases a troubling scenario where the liberty of the accused overshadowed the victim’s safety through an order that fails the fundamental requirements of…

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Karnataka HC: Cooperative Model Unsuitable for Apartment Management

BENGALURU: The high court has declared that a cooperative society is not a suitable method for managing residential apartments and their communal areas on behalf of owners. This ruling led to the cancellation of the registration for the Sobha HRC Pristine Apartment Owners Cooperative Society in Jakkur. Justice MG Uma issued the order while accepting a petition from Msrs Sobha Limited, nullifying the registration that had been granted by the assistant registrar of cooperative societies in the Bengaluru Urban district on September 6, 2023. Additionally, the court overturned a decision made on February 7, 2024, by the deputy registrar of…

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Ludhiana Issues Notices to Builders Over Unapproved Constructions

Sure! Here’s a rewritten version of your content: Representative Image LUDHIANA: In a strong move against unregulated development, the Greater Ludhiana Area Development Authority (GLADA) has issued warnings to owners of unauthorized constructions. This action is part of a broader initiative targeting structures that do not comply with official building regulations. Recently, a notice was issued to a property owner for carrying out commercial activities and exceeding the sanctioned building limits as per the permit granted on April 19, 2024. Another notice followed due to a serious structural violation where the owner constructed a basement along with four additional floors,…

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NGT Orders Ghaziabad DM to Clear Lakefront Residential Colony

GHAZIABAD: The National Green Tribunal (NGT) has identified a portion of land in Pasunda village, Loni, previously documented as a lake in revenue records, where a residential project is being developed. The tribunal has ordered the district administration to eliminate encroachments and safeguard the waterbody. An NGO, Society for Voice of Human Rights and Justice, filed the case, claiming illegal conversion of the lake into a residential colony. The petition referenced alterations in land mutation for development by Mahalaxmi Land and Finance Company involving survey numbers 1564 and 2476. The petitioner stated that approximately 0.961 hectares of land under revenue…

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Nazul Land Reclaimed by Administration in Kanpur

Representative image KANPUR: District Magistrate Jitendra Pratap Singh of Kanpur Nagar took decisive action on Friday regarding the sale of a valuable Nazul property in Civil Lines to a private builder. He issued a government re-entry order for plot no. 14/59A, Civil Lines, mandating that it be re-registered as unallocated government land. The land was valued at roughly Rs 24.77 crore according to the current circle rate. The situation came to light following a joint investigation by the sub-divisional magistrate (Sadar), the assistant officer in charge of Nazul, and the tehsildar (Sadar). They discovered that the nazul allottees had failed…

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ED Seizes Assets Worth ₹200 Crore from Delhi’s TDI Infrastructure

NEW DELHI: The Enforcement Directorate (ED) announced on Friday that it has provisionally attached immovable assets valued at over Rs 200 crore belonging to Delhi-based real estate firm TDI Infrastructure Limited, as part of an ongoing money-laundering investigation related to alleged fraud against homebuyers. The assets in question consist of 8.3 acres of land and commercial units in Kamaspur, Sonipat, Haryana, owned by TDI Infrastructure Limited (previously known as Intime Promoters Private Limited) and its affiliated companies. The ED stated that these properties have been appraised at Rs 206.4 crore. The company was unavailable for immediate comment regarding the ED’s…

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Allahabad HC Dismisses GNIDA’s IT Firm Plot Review

NOIDA: The Allahabad High Court has rejected a review petition from the Greater Noida Industrial Development Authority (GNIDA) concerning a previous judgment that overturned the cancellation of an IT firm’s land allotment. The disputed 25-acre IT/ITES plot in Greater Noida’s Tech Zone II was initially allotted in October 2007 to a consortium headed by Anant Raj Industries and subsequently transferred to Elevator Properties via a lease deed on August 16, 2010. Notably, Elevator Properties Pvt Ltd is a subsidiary of Anant Raj Industries. On February 25, Justice Prakash Padia determined that the authority failed to produce any “error apparent on…

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Karnataka HC: Property Buyer Has Right to Khata Transfer

BENGALURU: A recent ruling by the high court confirms that an individual who acquires property through the asset reconstruction law has the right to request the transfer of its khata in their name. Justice Suraj Govindaraj emphasized that sales under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, along with the issuance of a certificate, carry a presumption of regularity. This decision comes in response to a petition by Nagabhushana, a resident of Hassan. Nagabhushana bought a flat located at P&T Colony, Sanjaynagar, Bengaluru, from SV Naresh, who was the successful bidder in an…