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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Noida: Ajnara India fined ₹1.7L for flat handover delay

NOIDA: The District Consumer Disputes Redressal Commission (DCDRC) has ordered M/s Ajnara India Ltd, a Noida-based real estate developer, to compensate a customer with Rs 1.71 lakh plus 6% interest within 30 days, after they failed to deliver a flat booked in 2018 or refund the booking amount. The developer is also required to pay Rs 4,000 as a penalty for litigation costs and causing mental distress. The order, issued by Commission president Anil Kumar Pundir and member Anju Sharma on Saturday, stipulates that the interest on the outstanding amount will be calculated from the filing date of the complaint…

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NCLT OKs ₹730 Crore Revamp Plan for Rajesh Hotels

MUMBAI: The National Company Law Tribunal (NCLT) has approved Rajesh Business & Leisure Hotels’ resolution plan for the acquisition of a consortium involving Rare Asset Reconstruction Company (Rare ARC) and Check-Inn Hotels, a subsidiary of Shree Naman Group. The company reported liabilities exceeding ₹1,345 crore, while the consortium proposed a revival plan worth ₹730 crore. Prior to the tribunal’s endorsement, the plan received unanimous support from the creditors’ committee. In April 2022, the company entered the Corporate Insolvency Resolution Process after ICICI Bank filed a petition over a ₹311 crore default. The approved plan includes an upfront payment of approximately…

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Bombay HC directs Maharashtra to refund ₹3 lakh stamp duty

MUMBAI: The Bombay High Court has ordered the state government to refund Rs 3 lakh in stamp duty to a homebuyer who accidentally paid the amount under an incorrect stamp duty category. The petitioner, represented by advocate Charanjeet Singh Chandrapal, had purchased electronic stamps in March 2018 for registering a flat purchase agreement. However, due to an error, he selected the wrong option instead of “Non-Judicial Stamps.” When he sought a refund, his application was denied by the Collector of Stamps in Borivli, citing a delay of two months and eight days beyond the six-month statutory limit. Both the Collector…

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2,000 Notices Issued for Stilt Area Violations in Gurugram

CHANDIGARH: On Monday, the Haryana government informed the Punjab and Haryana High Court that authorities in Gurugram had issued nearly 2,000 notices to property owners for illegally enclosing stilt areas in violation of municipal regulations. Additionally, around 500 restoration orders have been issued, directing violators to remove unauthorized constructions. This information was presented before a division bench led by Chief Justice Sheel Nagu and Justice Sanjiv Berry during the continued hearing of a case where the court previously prohibited the Haryana government from enforcing the disputed ‘stilt plus four floor policy’ for residential plots in Gurugram, as stated in a…

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NCLAT Abolishes Insolvency for Embassy Development

NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) has overturned an NCLT decision allowing insolvency proceedings against Embassy Development, a real estate firm. In December 2025, the Delhi bench of the National Company Law Tribunal (NCLT) ordered the initiation of insolvency against Embassy Development following a petition by Canara Bank. The bank claimed that Embassy Development owed ₹200 crore as a corporate guarantor for a loan given to Indiabulls Realtech (now Simar Thermal Power). This NCLT decision was appealed by Rajesh Kaimal, a member of the suspended board of Embassy Development. The NCLAT ruled that the default claimed by…

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SC directs DDA to refund ₹165 crore plus 18 years’ interest

NEW DELHI: The Delhi Development Authority (DDA) continues to struggle with its operations, facing repeated reprimands from the courts over the years. The most recent case involved a Supreme Court directive for the DDA to reimburse Rs 165 crore, along with interest (7.5% per annum for 18 years), potentially amounting to Rs 400 crore. This follows a 2007 auction in which a commercial plot in Jasola, southeast Delhi, was sold to a company. In 2017, the Supreme Court ruled that the land was improperly acquired by the DDA and granted the authority six months to rectify the acquisition. Reliance Eminent…

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Bombay HC Upholds Valor Estate Subsidiary’s 205-Acre Title

NEW DELHI: On April 30, the Bombay High Court dismissed an appeal from the Union of India through its Salt Department, rejecting the government’s claim of ownership over around 205 acres of land in Bhayandar village, within the Mira Bhayandar Municipal Corporation area of Thane district. The land is currently owned by Miraland Developers, a subsidiary of Valor Estate (formerly DB Realty). This dispute stems from an 1870 indenture, wherein the Secretary of State for India in Council granted a 999-year lease of about 3,688 acres encompassing Bhayandar, Ghodbunder, and Mira to a private entity. The lawsuit involves approximately 220-227…

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NCLAT Rejects Vedanta’s Appeal on Adani’s Jaiprakash Bid

NEW DELHI: On Monday, a company law appellate court dismissed mining tycoon Anil Agarwal’s Vedanta Ltd’s appeal against Gautam Adani’s group’s successful bid for the bankrupt Jaiprakash Associates Ltd (JAL), which owns India’s sole Formula One circuit. The National Company Law Appellate Tribunal (NCLAT) found no merit in Vedanta’s claims and rejected both of its petitions. A bench consisting of Chairperson Justice (retired) Ashok Bhushan and Technical Member Barun Mitra ruled that the Committee of Creditors (CoC) made the correct decision in favoring Adani Group’s Rs 14,535 crore bid over Vedanta’s resolution plan for JAL. This decision was previously endorsed…

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Andhra Pradesh ULBs’ Property Tax Collections Rise 24% to ₹1,010 Cr

AMARAVATI: Andhra Pradesh’s Urban Local Bodies (ULBs) have raised over Rs 1,010.7 crore in property tax for April, including arrears and penalties, showing a 24.1% increase from the Rs 814.1 crore collected during the same month last year, according to a top official’s statement on Sunday. The increase is attributed to a comprehensive revenue strategy that incorporates Geographic Information System (GIS)-based property mapping, drone surveys, digital dashboards, and app-based payments, as stated by Municipal Administration and Urban Development Principal Secretary S. Suresh Kumar. “In April, property tax collections exceeded Rs 1,010 crore, including arrears and penalties, marking over a 24%…

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Bengaluru body not a ‘promoter’: Petition in Karnataka HC

BENGALURU: The Bangalore Development Authority (BDA) has filed a writ petition with the Karnataka High Court, dated April 27 and registered April 29. The petition seeks clarification on whether the Real Estate (Regulation and Development) Act, 2016, is applicable to its residential layouts and schemes. The petition names the Union of India, the Karnataka government, and the Karnataka Real Estate Regulatory Authority (K-Rera) as respondents. BDA argues that it doesn’t meet the definition of a “promoter” as per Section 2(ZK) of the Act and thus should not fall under K-Rera’s jurisdiction. Additionally, BDA is requesting a declaration that the provisions…