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

NCLT Approves Mantra Properties’ Mulund Project Buyout

MUMBAI: The bankruptcy court in Mumbai has sanctioned the acquisition of a Nirmal Lifestyle project in Mulund, spanning four acres, by Pune-based Mantra Properties. This project, which has a total development potential of approximately Rs 1,900 crore, was initiated by Nirmal Developers in 2017. The company has liabilities amounting to Rs 1,491 crore, while the bidder has proposed Rs 215 crore as part of the resolution plan. “The approval of the resolution plan will not invalidate any existing consents, approvals, licenses, concessions, authorizations, or permits granted to the corporate debtor, or for which the debtor has applied for renewal,” stated…

Latest StoriesRegulatory

Bengaluru Government Buildings Targeted Over ₹473 Crore Tax Debt

BENGALURU: The Special Commissioner (Revenue) of the Greater Bengaluru Authority (GBA) has issued a circular instructing all Commissioners of five City Corporations to initiate actions for recovering outstanding property taxes and service charges from government-owned properties in their areas. NR Ramesh, a former leader in the BBMP Council, highlighted in a letter that government buildings owe property taxes and service charges totaling ₹473 crore and urged authorities to collect these pending amounts. According to Ramesh’s letter, “Government authorities have ignored their obligations, effectively cheating the GBA by failing to pay property taxes and service charges annually. He also attached documentation…

Latest StoriesRegulatory

Visakhapatnam Civic Body Gathers ₹230 Crore in April Tax

VISAKHAPATNAM: The Greater Visakhapatnam Municipal Corporation (GVMC) has reported a collection of Rs 230 crore in property and vacant land taxes for April, marking a more than 50% increase from the Rs 164 crore collected during the same period last year. The increase can be attributed to GVMC’s extensive efforts in tax collection and awareness initiatives, as well as a 5% tax rebate offered under an early bird incentive. Additionally, the Andhra Pradesh government provided a final opportunity for property owners to clear their taxes. According to GVMC deputy commissioner (revenue) S Srinivasa Rao, the government permitted property taxpayers to…

Latest StoriesRegulatory

Ahmedabad: Partners Charged in ₹11.3 Crore Real Estate Scam

AHMEDABAD: A businessman has lodged a complaint with the Detection of Crime Branch, alleging a fraud of ₹11.3 crores involving a partnership real estate firm. He accuses two partners of misappropriating funds, misusing company documents, and unlawfully selling flats. The complainant, who manages a game zone and owns a 5% share in the real estate business, claims that the two managing partners exercised financial and administrative control over the firm. The partnership was formed in 2021 and has engaged in various real estate projects, including a residential initiative in the Sola area. The complaint emerged after an earlier application was…

Latest StoriesRegulatory

Scams in banking, real estate, and corporations fall in India: ED

File Photo NEW DELHI: ED Director Rahul Navin stated on Friday that financial crimes such as bank fraud, corporate scams, and real estate cheating have significantly decreased, thanks to the “sustained” efforts of investigative agencies along with key government initiatives. During the 70th ‘ED Day’ event, Navin indicated that the current crime landscape primarily consists of cryptocurrency fraud, cyber-enabled financial crimes, terrorism financing, anti-national activities, and narcotics trafficking. He emphasized that these areas have become the agency’s “priority” focus. Navin mentioned that the ED filed a higher number of charge sheets in the last financial year (2025-26) and intensified investigations…

Latest StoriesRegulatory

Telangana HC Rebukes HYDRAA for Illegal Construction in Salkam Cheruvu

File photo HYDERABAD: The Telangana High Court has criticized HYDRAA for its alleged discriminatory actions regarding the demolition of structures and land fencing, even those currently under litigation. The court questioned why no action has been taken against the Barrister Fatima Owaisi Educational Campus, which reportedly stands in the Full Tank Level (FTL) area of Salkam Cheruvu in the Old City. Justice NV Shravan Kumar took note of the institution’s construction within the lake without the necessary approvals and mandated a comprehensive inquiry into the actions of officials who failed to act over the years. He directed the principal secretaries…

Latest StoriesRegulatory

Gujarat HC mandates aeronautical survey before SVPI airport demolition

AHMEDABAD: The Gujarat High Court issued an important ruling on Thursday, directing the Airports Authority of India (AAI) and relevant authorities to conduct an aeronautical survey of buildings after complaints from six developers. These developers received demolition notices for construction exceeding permitted heights, posing a potential risk to flights near Sardar Vallabhbhai Patel International Airport. Advocate Nimit Shukla, representing one of the developers, stated, “The developers—Mahil Infra, Abjibapa Infra, Preyas Infra, Balaji Developers, Kalash Infra, and Parth Developers—constructed multiple towers with a maximum height of 102.7m in Hanspura, Naroda, Nana Chiloda, and adjoining areas, all with the necessary clearances from…

Latest StoriesRegulatory

Nashik Collects ₹76 Crore in Property Tax for April 2026

NASHIK: The Nashik Municipal Corporation (NMC) has successfully increased its property tax collection, raking in Rs76.19 crore in April—a 61.71% rise compared to Rs49.99 crore during the same month last year. This surge is attributed to the introduction of an 8% rebate for taxpayers who pay their annual dues in a single installment within the first month of the fiscal year. Civic officials reported, “In April, approximately 1.55 lakh property owners took advantage of this scheme, receiving total rebates of Rs4 crore. This positive response has bolstered our confidence in meeting this year’s property tax goals.” The NMC has set…

Latest StoriesRegulatory

Hubballi-Dharwad Grants 5% Property Tax Rebate Until May 31

HUBBALLI: Mayor Jyoti Patil announced at the Hubballi-Dharwad Municipal Corporation (HDMC) general body meeting on Thursday that the 5% concession period for property tax payment for the 2026–27 financial year has been extended until May 31. This decision follows a 12-day delay in starting property tax collections due to technical issues, with payments beginning only on April 12. Additionally, several festivals and observances during April hindered timely tax payments by property owners in Hubballi and Dharwad. Iresh Anchatageri, the house leader, raised this issue in the meeting, suggesting that the concession period, originally set to end on April 30, be…

Latest StoriesRegulatory

Bombay HC Orders Demolition of Ulhasnagar Tower Over Fraudulent Permits

MUMBAI: The Bombay High Court has upheld the Ulhasnagar Municipal Corporation’s order to demolish the 16-storey “Jhalak Paradise” building in Ulhasnagar, rejecting a petition from the developer and criticizing both the builder and civic officials for allegations of fraud and significant violations. Justices Kamal Khata and A.S. Gadkari mentioned that the petitioners had “clearly misled the Corporation and obtained approvals unlawfully.” The court further pointed out that the Ulhasnagar Municipal Corporation officials neglected to verify documents before giving permissions. Inconsistencies in the developer’s claims were noted by the bench. Although the petitioners referenced a 2021 report indicating that the plot…