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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High Court Orders Inspection of Bengaluru PGs for Violations

BENGALURU: The Karnataka High Court has mandated an inspection of the Paying Guest Accommodation Welfare Association’s premises in Bengaluru to verify adherence to guidelines set by civic authorities. Justice Suraj Govindaraj stated that officials must determine if the structures erected by the petitioners and association members follow the approved plans. In cases lacking sanctioned plans, compliance with existing building bylaws and permissible usages under relevant zoning regulations must be evaluated. The inspection is scheduled to commence at 10:30 AM on February 18 and should be completed within two weeks. The court clarified that petitioners could join the inspection or appoint…

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Pune PMC Fines Builder for Contaminated Water in Mhalunge

PUNE: The civic authority issued a show-cause notice and imposed a fine of Rs 1 lakh on a manager/developer of VTP Aethereus for allegedly supplying contaminated water to residents at a complex in Mhalunge. According to the notice, this action was prompted by complaints from residents, although the developer has stated that the issue has been resolved. The notice from the Pune Municipal Corporation (PMC) indicated: “As the municipal water supply system is not yet operational in the area, you provided a written assurance to the Pune Metropolitan Region Development Authority (PMRDA)/PMC that you would supply safe and potable water…

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Delhi court denies bail to ex-Jaypee Infratech MD in case

NEW DELHI: A Delhi court has rejected former Jaypee Infratech managing director Manoj Gaur’s bail application in a money-laundering case, emphasizing that the allegations involve cheating and criminal breach of trust affecting many individuals. The court remarked that while numerous homebuyers sought justice after investing their life savings in their desired homes, Gaur was benefitting from the alleged proceeds of crime. Additional Sessions Judge Dhirendra Rana examined Gaur’s plea, noting that Gaur was arrested by the Enforcement Directorate (ED) on November 13, 2022, in relation to a ₹14,599-crore fraud involving homebuyers. The ED alleges that the money collected from homebuyers…

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Panel Formed to Investigate Thanisandra Demolitions in Bengaluru

BENGALURU: The Bangalore Development Authority (BDA) has established a two-member committee comprising retired district judges to investigate the removal of alleged encroachments in Thanisandra village, specifically in Arkavathi Layout. According to a public notice issued on January 29, the BDA appointed this committee to evaluate if proper procedures were followed during the demolition drive conducted on January 8, which resulted in the clearing of around 22 ‘illegal structures’ across two acres. Residents have expressed concerns after claiming they purchased the sites through agents, raising alarms over possible illegal property transactions, reminiscent of the issues previously reported in the Kogilu Layout…

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NCLT Forms Committee to Address Jaypee Infratech Complaints

NEW DELHI: The National Company Law Tribunal (NCLT) in Delhi has mandated the establishment of an independent expert committee to address the complaints of allottees involved in Jaypee Infratech projects, now under Suraksha Realty’s development. This ruling was issued on February 12, 2026. In a submission by advocates Ashwarya Sinha and Aditya Malhotra representing homebuyers, concerns were raised about excessive delays, unclear construction schedules, and unfair financial demands on buyers. The approved resolution plan included an independent monitoring committee (IMC), which was subsequently disbanded in May 2024 without notifying stakeholders. Following a review of all arguments, the court decreed that…

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Bombay HC: Co-op Societies Can’t Resolve Flat Succession Disputes

MUMBAI: The Bombay High Court criticized the divisional joint registrar of cooperative societies (Mumbai) for overturning an order that granted a man membership in a Peddar Road housing society. On February 9, Justice Amit Borkar stated that the authority under the Maharashtra Co-operative Societies Act is responsible for membership regulation, clarifying that it is not a civil court dealing with inheritance disputes. “The revisional authority exceeded its jurisdiction by reversing the membership order based on grounds outside the limited scope of such proceedings,” he remarked. In 1974, Pravinkumar Dave’s father nominated him as a minor for a flat and garage…

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NCLAT to Review ₹919 Crore Bid for Hotel Horizon by Oberoi

NEW DELHI: The Insolvency Appellate Tribunal (NCLAT) will review an appeal against an NCLT decision that sanctioned a ₹919 crore bid from an Oberoi Realty-led consortium for Hotel Horizon. A two-member bench of the NCLAT, based in Delhi, has accepted the appeal and ordered that no equity should be granted to the successful resolution applicants. Previously, on January 29, the Mumbai bench of the National Company Law Tribunal (NCLT) approved the resolution plan submitted by a consortium consisting of Oberoi Realty, Shree Aman Developers, and JM Financial Properties and Holdings. Hotel Horizon features a strategically positioned land parcel of approximately…

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Slum Authority Faces Claims of Irregularities in Dharavi Project

MUMBAI: The Slum Rehabilitation Authority (SRA) has initiated an investigation led by the deputy collector (Encroachments) following allegations that demolished huts are being rebuilt and that new occupants are being declared eligible for free housing under the Dharavi Redevelopment Project (DRP). Activist Baburao Mane, a founder-member of Manohar Joshi College, informed the SRA that occupants have moved back into partially demolished huts, some of which don’t appear on survey maps. He pointed out instances where structures, including a temple labeled as a hut and a staircase recently fitted with a door, are being falsely classified as eligible for free housing.…

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ED summons Jaypee Infratech homebuyers in money laundering case

NOIDA: The Enforcement Directorate (ED) has summoned homebuyers of Jaypee Infratech Ltd (JIL) as part of an ongoing money laundering investigation regarding the alleged misallocation of funds within the company’s insolvency resolution plan. Summons were issued by the Delhi-II Zonal Office of the ED, directing affected homebuyers to appear before the agency and provide updates on their respective projects related to the Jaypee group, as well as to submit statements to the investigating officer. A representative for the homebuyers confirmed receiving a summons two weeks ago and has since recorded a statement. Reports indicate that several other buyer representatives have…

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SC Resolves 7-Year Housing Dispute, Upholds ₹1.82 Crore Payout

MUMBAI: The Supreme Court has dismissed a Special Leave Petition (SLP) filed by Keyana Estate, an associate of the Kalpataru Group, concluding a seven-year legal dispute in favor of homebuyer Paresh Parihar from Goregaon. Parihar had booked a flat in the Kalpataru Radiance project in Goregaon (West) in 2013, with initial possession expected by December 2016, but he only received it in January 2024. As a result of this ruling, the developer is obligated to pay approximately Rs 1.82 crore in interest to the homebuyer due to the delays. The dispute began when Parihar and his wife paid over Rs…