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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Ex-Lodha Developer Director in ED Custody Until Feb 20

MUMBAI: On Friday, a special PMLA court in Mumbai remanded Rajendra Lodha, a former director of Lodha Developers Ltd, into Enforcement Directorate (ED) custody until February 20, in connection with a money laundering case involving ₹85 crore. The ED’s case is founded on allegations of cheating and forgery, as detailed in a FIR filed by the Mumbai police’s crime branch under the Bharatiya Nyaya Sanhita (BNS). Rajendra Lodha was arrested by the crime branch in September of last year and has since been held in judicial custody. The ED officially took him into custody on Thursday for the money laundering…

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ED Arrests ex-Lodha Developers Director in ₹85 Cr Money Laundering

MUMBAI: The Enforcement Directorate (ED) has formally arrested Rajendra Lodha, a former director of Lodha Developers Limited, in connection with an alleged money laundering case involving ₹85 crore. The ED’s case is built on accusations of cheating and forgery reported by the Mumbai police under the Bharatiya Nyaya Sanhita (BNS). Lodha was previously arrested in a related crime branch case back in September and has remained in judicial custody. During the investigation, the ED presented him to a special court overseeing cases filed under the Prevention of Money Laundering Act (PMLA), where he was officially placed under arrest. He is…

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Mumbai launches e-auction for six properties over ₹455 crore tax

MUMBAI: The Mumbai civic body has initiated e-auction proceedings for six properties due to unpaid property taxes totaling ₹455.48 crore. The Brihanmumbai Municipal Corporation (BMC) has also issued final notices to two additional defaulters, as stated in their release. “Despite receiving several notices, the property owners have failed to pay the outstanding amount of ₹455,48,94,374, including penalties. Consequently, the e-auction process will begin for six properties located in Goregaon (West), Bandra (West), Dahisar, Parel, Mazgaon, and Malad-Kurar village,” the release detailed. The two properties in the Fort area of South Mumbai have been given 21 days to settle their dues,…

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Gurugram Naib Tehsildar Faces Scrutiny Over Deeds for Ansal

GURUGRAM: A naib tehsildar is under investigation following the suspension linked to a hotel registry scandal. Narender, stationed in Wazirabad, is accused of registering multiple conveyance deeds associated with Ansal Buildwell, despite a ban from the Department of Town and Country Planning (DTCP). Recently suspended due to the Bristol Hotel registry controversy, Narender is now being scrutinized for his involvement in past registries approved at the tehsil level. Concerns have arisen from the registries processed in Wazirabad, particularly regarding a deed for approximately 450 square yards of land meant for a dispensary in Sushant Lok 3, which was registered without…

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Bombay HC Upholds Deemed Conveyance for Commercial Society

MUMBAI: On Wednesday, the Bombay High Court upheld a deemed conveyance awarded by a deputy registrar to a commercial cooperative society in Andheri East. The court ruled that a law established for public interest cannot be superseded by a contract between a builder and flat purchasers that allows the builder to retain development rights over the land. Krishna Developers challenged the deemed conveyance granted to Corporate Centre Premises Co-operative Society Ltd., which represents the unit owners of three buildings registered in 2007. The builder’s lawyer argued for executing the conveyance while reserving specific rights under the agreements with flat purchasers.…

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SC: RERA Fails to Act Against Defaulting Builders

NEW DELHI: The Supreme Court stated on Thursday that it is time for all states to reevaluate the formation of the Real Estate Regulatory Authority (RERA), which it claims is merely facilitating builders in default. A panel comprising Chief Justice Surya Kant and Justice Joymalya Bagchi expressed that the individuals RERA was intended to assist are “completely depressed, disgusted, and disappointed,” suggesting they would not oppose the institution’s dissolution. The remarks emerged as the bench allowed the Himachal Pradesh government to relocate the RERA office to its preferred location. The court issued a notice regarding a petition filed by the…

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Rajasthan HC: Eviction Decree Applies to All Joint Tenants

JAIPUR: On February 7 (with the order uploaded on February 9), the Rajasthan High Court ruled that an eviction decree granted against one joint tenant can be enforced against all individuals claiming under that tenancy, even if they were not specifically included as parties to the case. The court considered a tenancy established on February 15, 1949, with a monthly rent of Rs 5. Following the death of the original tenant, family members continued to occupy the premises but reportedly failed to pay rent or vacate the property. On January 16, 2016, the Rent Tribunal ordered eviction in favor of…

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Nashik issues notices to 450 property tax defaulters

NASHIK: The Nashik Municipal Corporation (NMC) has issued notices to 450 defaulters, each with property tax dues exceeding Rs 1 lakh, instructing them to pay within 15 days. This decision came after a directive from the municipal commissioner, Manisha Khatri, which aimed to identify major defaulters in each division and enhance recovery efforts. For the current financial year (2025-26), the civic body targets a property tax collection of Rs 270 crore. However, as of February 10, the collection stands at only Rs 215 crore, indicating a shortfall of Rs 55 crore with just over a month and a half left…

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Golden Glow Estates in Haryana: Licenses Lapse, Dues Surge

GURUGRAM: The Haryana Department of Town and Country Planning (DTCP) has taken action against a group housing project due to issues with its development licence. The enforcement action pertains to a project located in Badshahpur, Sector 68, after the development licence expired eight years ago and was not renewed. The project currently has outstanding external development charges (EDC) and related dues exceeding Rs 51.8 crore. The DTCP has issued a show-cause notice to Golden Glow Estates, the project’s official licence holder, instructing the district town planner (enforcement) to commence proceedings under Section 10 of the Haryana Development and Regulation of…

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Maharashtra cabinet approves land policy for ‘Third Mumbai’ development

Representative AI image MUMBAI: On Tuesday, the Maharashtra cabinet sanctioned a new land acquisition and allotment policy for the proposed “Third Mumbai” project, located within the impact area of the Mumbai Trans Harbour Link (MTHL), also referred to as Atal Setu. This policy aims to enhance planned urban development and spur investment in the Mumbai Metropolitan Region (MMR). The policy will govern development initiatives led by the New Town Development Authority in the Atal Bihari Vajpayee Shivdi-Nhava Sheva Atal Setu’s influence area and the Mumbai Metropolitan Region Development Authority (MMRDA). The decision is anticipated to provide a structured framework for…