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

Hyderabad: Two Firms Accused of Duping 40 Investors of ₹39 Crore

HYDERABAD: The Economic Offences Wing (EOW) of Cyberabad police has initiated a cheating case against the directors and partners of two private firms. The individuals are accused of defrauding over 40 investors of more than Rs 39 crore in a proposed villa project in Pocharam, Patancheru mandal. The complaint was filed by O Venkata Koteswara Rao, a 49-year-old IT employee from Miyapur. He alleges that R Srikanth Reddy, director of RSR Greenway Infra, along with his wife and co-director Rajeswari, and partners of Suryodaya company, Swamy Reddy and Reddy Sharadha, deceived him and 41 other investors. According to Rao, in…

Latest StoriesRegulatory

Kerala’s Luxury Tax on Big Homes Yields ₹157 Crore in 5 Years

IDUKKI: The luxury tax on residential buildings has generated ₹157.62 crore for the state over the past five years, with the highest revenue recorded in the 2025-26 financial year (FY). According to data obtained through the Right to Information Act, the state collected ₹67.66 crore in FY2025-26 alone, with Ernakulam and Thiruvananthapuram reported as the highest contributors. The luxury tax revenue for the preceding years was ₹58.46 crore in FY2024-25, ₹7.39 crore in FY2023-24, ₹11.18 crore in FY2022-23, and ₹12.91 crore in FY2021-22. Land revenue department officials attribute the increase in FY2025-26 to a growing number of larger homes and…

Latest StoriesRegulatory

ED Files Case Against TDI Infrastructure and Directors

CHANDIGARH: The Directorate of Enforcement (ED) has filed a prosecution complaint against TDI Infrastructure Ltd. and its directors — Ravinder Taneja, Kamal Taneja, and D N Taneja — under the Prevention of Money Laundering Act (PMLA), 2002, officials confirmed on Saturday. This action follows the chargesheet filed by the Gurugram unit of the ED before the special PMLA court at Patiala House, New Delhi, which has issued notices to all accused parties. As per ED, the investigation was triggered by several FIRs and charge sheets from Delhi Police. The agency accuses TDI Infrastructure and its promoters of cheating numerous homebuyers…

Latest StoriesRegulatory

Hubballi-Dharwad extends 5% property tax rebate to May-end

HUBBALLI: The Hubballi-Dharwad Municipal Corporation (HDMC) has extended the 5% property tax rebate through the end of May due to lower-than-expected collections following a delayed start to the payment initiative. The collection process, which was set to kick off on April 1, began instead on April 7. Initially, the rebate was available for taxpayers who paid their dues for the fiscal year 2026-27 by April 30. However, as collections remained disappointing, the rebate period has now been prolonged until May 31. HDMC has established a property tax collection target of Rs 235 crore for 2026-27, with just Rs 90 crore…

Latest StoriesRegulatory

Patna offers ₹40 lakh rebate for early property tax payers

PATNA: The Patna Municipal Corporation (PMC) has granted approximately Rs 40 lakh in tax relief to 35,948 property owners who took advantage of the early-payment incentive scheme from April 1 to May 7, 2026. According to the Bihar Municipal Property Tax Rules, 2013, the civic authority is offering a 5% discount on the principal tax amount for lump-sum payments made in the first quarter of the 2026-27 fiscal year. This rebate will be available until June 30. During the initial five weeks of this scheme, the corporation collected nearly Rs 11 crore in property tax. Data from PMC reveals that…

Latest StoriesRegulatory

CBI Files Sixth Chargesheet Against Shubhkamna Buildtech

NEW DELHI: The CBI has submitted a chargesheet against Shubhkamna Buildtech Pvt Ltd and its directors, marking the sixth such submission in the Supreme Court-directed investigation into the builder-banker nexus case, officials reported on Friday. In its chargesheet, the CBI accused the company and its directors of misleading innocent homebuyers into investing in its Noida project through false assurances, deceptive representations, and misleading promises, thereby wrongfully profiting at the expense of the victims. “The chargesheet has been filed before the competent Court under relevant provisions of the Indian Penal Code related to criminal conspiracy, cheating, criminal breach of trust, and…

Latest StoriesRegulatory

ED raids Punjab CM’s aide in land fraud case; CM denies ties

CHANDIGARH: On Thursday, the Enforcement Directorate (ED) conducted searches at multiple locations in Punjab and Chandigarh, targeting the premises associated with a purported aide of an OSD-rank official in the Chief Minister’s Office (CMO). This operation was part of an investigation into money laundering linked to two real estate groups accused of fraudulent land use changes and scamming investors. Approximately a dozen locations were searched in Mohali (SAS Nagar) and Chandigarh connected to the Suntec City project (developed by Indian Cooperative Housing Building Society – ICHBS) and its promoter, Ajay Sehgal, along with ABS Townships, Altus Space Builders, Dhir Constructions,…

Latest StoriesRegulatory

CBI Files Fifth Chargesheet in Builder-Banker Nexus Case

NEW DELHI: The Central Bureau of Investigation (CBI) has submitted a fifth chargesheet in connection with the builder-banker nexus involving CHD Developers Ltd and its directors for alleged fraudulent activities linked to a project in Gurugram, as reported by officials on Thursday. The CBI, assigned these cases by the Supreme Court, detailed in its report to the court that the company used misleading representations and deceptive promises to attract “innocent homebuyers and investors,” ultimately resulting in considerable financial gains while inflicting wrongful losses. “The charge sheet has been filed before the appropriate court under the relevant sections of the Indian…

Latest StoriesRegulatory

ED Raids Punjab Builders in Land Fraud Case

CHANDIGARH: The Enforcement Directorate (ED) executed searches across various sites in Punjab and Chandigarh on Thursday as part of a money laundering inquiry involving certain builders and real estate firms linked to a suspected land fraud scheme, officials reported. Approximately a dozen locations in Mohali and Chandigarh associated with the Suntec City project, and firms such as Ajay Sehgal, ABS Townships, Altus Builders, and Dhir Constructions are currently under examination under the Prevention of Money Laundering Act (PMLA). Sources indicate that a person named Nitin Gohal is also being investigated by the ED, as he is accused of assisting builders…

Latest StoriesRegulatory

Indiabulls Real Estate: Four Firms Settle ₹10.5 Crore with Sebi

NEW DELHI: Market regulator Sebi announced the settlement of proceedings against four entities involved in an alleged fund diversion case linked to the former Indiabulls Real Estate Ltd (IBREL), with a total settlement of approximately ₹10.49 crore. The entities—Agnes Developers Pvt Ltd, Everlast Projects Pvt Ltd, Lincoln Developers Pvt Ltd, and Deneb Developers Pvt Ltd—resolved the issue “without admitting or denying the findings of fact and conclusions of law,” as stated in the settlement order. Following the merger of Indiabulls Real Estate Ltd with Bengaluru’s Embassy Group, Embassy became the primary promoter of IBREL, later rebranding it as Embassy Developments…