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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U.P. Minister Takes Action Against Errant Noida Builders

LUCKNOW: Nand Gopal Gupta Nandi, the state’s industrial development minister, urged officials on Tuesday to take stringent measures against builders who default on their obligations and expedite the resolution of issues between builders and buyers in Noida. He also raised concerns regarding alleged irregularities in project allocations and civic contracts. During a review of various projects under the Noida Industrial Development Authority, Nandi emphasized the need to resolve stalled housing projects and pending flat registrations promptly. Officials informed him that 57 projects were now governed by the policy framework established by the Amitabh Kant Committee, with 36 builders having deposited…

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Rajkot collects ₹152 crore in advance taxes in 40 days

RAJKOT: The Rajkot Municipal Corporation (RMC) has successfully collected Rs 153 crore in advance property and water taxes for the financial year 2026-27 within just 40 days. As of May 18, 2.43 lakh taxpayers have settled their dues since the tax collection initiative started on April 7. The RMC’s total tax collection for the last financial year was Rs 448 crore. Digital payments have taken the lead in tax collection, with 1.86 lakh citizens choosing to pay online, bringing in Rs 111.21 crore. In contrast, 57,731 taxpayers opted for traditional payment methods, contributing Rs 42 crore through cheques and cash.…

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Mohali Officials Hand Over Records in ₹150 Crore CLU Fraud Probe

MOHALI: On Monday, two senior officials from the Greater Mohali Area Development Authority (GMADA) attended a session with the Enforcement Directorate (ED) in Jalandhar as part of a Rs 150 crore money laundering investigation linked to significant real estate projects in Mohali. GMADA’s Chief Administrator, Sandeep Kumar, revealed that he did not attend the meeting personally, but that two representatives—including the District Town Planner (DTP) and a superintendent—were sent to provide all necessary documentation pertaining to the case. The officials presented a comprehensive set of records requested under the Prevention of Money Laundering Act (PMLA). The ED is probing the…

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Mumbai Builder Arrested for Illegally Selling SRA Flats

MUMBAI: The Economic Offences Wing (EOW) of the city police has apprehended builder Sohail Abdullah Dukka for unlawfully selling flats within a slum redevelopment initiative in Jogeshwari. The case emerged from a complaint by Mohammad Momin, who accused Dukka of misappropriating substantial funds while being a partner in Unique Developers, the company tasked with the “One Jogeshwari” Slum Rehabilitation Authority (SRA) project at Behram Baug, Jogeshwari West. Dukka is currently in custody for another case registered at the MIDC police station. He faces allegations of selling approximately 10 flats independently in the project between 2023 and December 2025 at rates…

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ED Summons GMADA Head in ₹150 Crore Money Laundering Case

MOHALI: The Enforcement Directorate’s (ED) Jalandhar zonal office has summoned the chief administrator of the Greater Mohali Area Development Authority (GMADA) to appear on Monday regarding a Rs 150 crore money laundering investigation. The investigation centers on alleged irregularities in the change of land use (CLU) approvals for two key real estate projects: Suntec City and Altus Space Builders Private Limited. The ED’s notice requires the chief administrator, or a representative with at least gazetted rank, to provide records and evidence at the Jalandhar office. These proceedings, conducted under Section 50 of the PMLA, are judicial in nature. Officials have…

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Nagpur Civic Body Targets ₹749 Crore Property Tax for FY27

NAGPUR: The Nagpur Municipal Corporation (NMC) has set a property tax collection target of ₹749.82 crore for 2026-27. However, a significant discrepancy in its figures has emerged — ₹1,392 crore in arrears has been excluded from the recovery plan. Data obtained by TOI reveals that the total property tax arrears amount to ₹1,919 crore, but the NMC has only incorporated ₹526.85 crore — just 27% of the entire backlog — in this year’s recovery target. The exclusion of ₹1,392 crore greatly reduces the scope of the initiative. Senior officials have stated that arrears from government properties, mobile towers, and ongoing…

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SC Delays Order for Mining Lease Holders in Aravalli Row

Representative image NEW DELHI: On Friday, the Supreme Court announced that it will not issue any orders favoring mining lease holders at this time, citing “quite disturbing” feedback regarding mining activities in the Aravalli hills and ranges. The apex court highlighted specific ecological concerns and, as of February, requested the environment ministry and relevant stakeholders to propose experts for a panel aimed at defining the Aravalli hills and ranges. The bench, comprising Chief Justice Surya Kant and Justice Joymalya Bagchi, stated, “We will not hear this matter in a piecemeal manner. We will not allow any activity until we are…

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SC Panel: All Supertech Realtors’ Deals Require Approval

NEW DELHI: An empowered committee appointed by the Supreme Court has announced that prior permission is necessary for any real estate transactions involving Supertech Realtors at Noida. Earlier this month, the empowered committee issued a public notice underlining restrictions on the sale or transfer of units within the Supertech Realtors Pvt Ltd (SRPL) project. Supertech Realtors is developing ‘Supernova,’ a mixed-use real estate project in Sector 94, Noida, which includes residential, commercial, office spaces, studio apartments, service apartments, and shopping centers. Approximately 2,800 property buyers are currently affected by this project. In the notice, the panel, established in December last…

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ITAT Rules: Registered Sale Deed is Sacred

CHENNAI: A registered sale deed carries a strong presumption of authenticity and validity. The Income Tax Appellate Tribunal (ITAT) in Chennai highlighted that registration is a significant act that confers a high level of trust to the document. The tribunal, consisting of judicial member Aby T Varkey and accountant member S R Raghunatha, made this remark while overturning an order from an assessing officer who dismissed a sale deed as proof for the purchase of a flat, which also impacted the long-term capital gains exemption from the sale of a property and subsequent reinvestment in another residential property. This case…

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Lucknow to Introduce OTS Scheme for Tax Dues

LUCKNOW: Approximately 250,000 homeowners in the city will soon experience relief from long-standing house tax and water tax obligations. The Lucknow Municipal Corporation (LMC) is set to launch a one-time settlement (OTS) scheme addressing overdue payments owed to the civic body and its Jalkal department. The upcoming OTS initiative is modeled after previous successful programs by the Lucknow Development Authority and UP Awas Vikas Parishad. According to official records, the accumulated house tax debts owed to the LMC have reached around ₹700 crore, which includes nearly ₹100 crore in interest. The Jalkal department also reports approximately ₹110 crore in overdue…