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

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…

Latest StoriesRegulatory

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…

Latest StoriesRegulatory

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…

Latest StoriesRegulatory

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%…

Latest StoriesRegulatory

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…

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…