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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Bombay HC Intervenes in Decathlon-Godrej Chembur Lease Dispute

MUMBAI: The Bombay High Court has taken significant action in a lease dispute regarding valuable commercial real estate in Chembur. In a crucial interim ruling, the court has placed the contested property under judicial protection until a final decision is reached, and has appointed the Court Receiver to assume possession and provide a status report. The court raised questions about the termination of Decathlon Sports India Pvt Ltd’s lease, which appears to have been canceled in favor of a more profitable option. The dispute centers around the commercial segment of Godrej RKS, where Decathlon claims to have secured 761 square…

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Allahabad HC Dismisses Plea on Sahara Shahar Land Lease

LUCKNOW: The Allahabad High Court has declined to hear a petition from Sahara India Commercial Corporation Limited challenging the Lucknow Municipal Corporation’s September 2025 orders that annulled the land lease for the Sahara Shahar complex and mandated its vacation. The HC’s Lucknow bench stated that the petition was not maintainable since the matter involving Sahara Shahar is currently under consideration in the Supreme Court, where Sahara has filed an application, and the Lucknow Municipal Corporation (LMC) has submitted an objection. “We find ourselves constrained from proceeding further in this matter,” remarked a bench of Justices Rajan Roy and Manjive Shukla…

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SC Aims to Provide Homes to 22,000 Unitech Buyers

NEW DELHI: The Supreme Court clarified on Wednesday that its aim is to ensure that 22,000 homebuyers of the distressed Unitech Ltd receive their homes. The court urged the newly appointed board by the Centre, along with banks and financial institutions, to propose solutions for resolving this long-lasting dispute. A bench, including Justices JB Pardiwala and KV Viswanathan, requested both counsel for homebuyers and land-owning agencies to submit a brief two-page note with suggestions within a week. Around 22,000 homebuyers have been waiting for their homes purchased from Unitech for several years. The management of the firm is now under…

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Belagavi cancels PIDs of 31 illegal buildings, probes officials

BELAGAVI: The Belagavi City Corporation (BCC) has revoked Property Identification Numbers (PIDs) for 31 unauthorized buildings, leading to alarm among residents of similar projects. On April 24, BCC commissioner Kartik M issued two separate orders, cancelling 17 PIDs in one instance and 14 in another. The affected properties are apartments within two complexes located in Ward No. 9, built on lands acquired through Rs 100 stamp paper agreements that lack valid registration. This action has intensified fears among owners of buildings on unregistered sites, who allegedly received PIDs through collusion with civic officials. Both complexes are part of the Belagavi…

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28,000 Nagpur property owners haven’t paid taxes ever

NAGPUR: A significant financial oversight has emerged within the Nagpur Municipal Corporation (NMC) as 28,398 property owners across 10 zones have failed to pay property tax even once since their properties were constructed or purchased. The total unpaid amount from these long-term defaulters reaches a staggering Rs259.48 crore, highlighting substantial deficiencies in tax assessment and collection protocols. Data indicates that the Ashi Nagar zone has the highest number of such properties, with a total of 6,821 accounts and pending dues exceeding Rs59.81 crore. Close behind is Mangalwari, where 4,410 properties owe Rs41.37 crore, and Laxmi Nagar, which has 3,561 properties…

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SC Orders L&T to Vacate ₹1,000 Crore Pali Hill Bungalow

MUMBAI: The dispute over the Pali Hill bungalow, valued at over ₹1,000 crore, has concluded with L&T losing a lengthy battle that lasted two decades. The case revolved around a property with a lease that expired in 1970, but the tenant continued to occupy the premises, leading the owners to file for eviction in 2001. During the legal proceedings, Larsen & Toubro Limited acquired a minority share in the property and argued that it had become a co-owner, claiming eviction couldn’t be enforced. The courts dismissed this argument, deeming it a legal maneuver to impede the eviction. The Supreme Court…

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ED Seizes Raheja Developers’ Assets Valued Over ₹1,110 Crore

NEW DELHI: The Enforcement Directorate (ED) announced on Tuesday that it has attached assets valued over Rs 1,100 crore, linked to the promoters and entities associated with real estate firm Raheja Developers, amid an investigation into money laundering related to alleged fraud against homebuyers. The agency conducted searches as part of this case on April 25, where they seized bullion worth Rs 15.82 crore and foreign currency equivalent to Rs 15 lakh. The ED stated it has issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA), targeting immovable properties owned by N A Buildwell and Riyasat…

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Ghaziabad Falls Short of FY26 Stamp Duty Target by 14%

GHAZIABAD: The stamp and registration department concluded the fiscal year 2025-26 with a remarkable revenue collection of ₹2,963 crore, achieving 86% of its annual target of ₹3,480 crore. This marked a year-on-year growth of approximately 3.75%, with collections increasing by ₹107 crore from ₹2,856 crore in the previous financial year. According to officials, the Modinagar sub-registrar office (SRO) was the top contributor, generating ₹208 crore from sale deeds associated with a new industrial township developed by UPSIDA. This SRO accomplished 106% of its ₹196 crore target. Substantial housing and commercial development plans from various agencies in the district have contributed…

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FIR Filed Against 6 Officials in Beed PMAY Scam Worth ₹4.2 Crore

CHHATRAPATI SAMBHAJINAGAR: A recent discovery has revealed a ₹4.2 crore fraud connected to the Pradhan Mantri Awas Yojana (PMAY) in the Kej nagar panchayat of Beed district. This has led police to file an FIR against six officials for allegedly misappropriating housing funds. The FIR was registered late Sunday at the Kej police station, citing IPC sections 201, 204, 409, 420, and 34. Beed Superintendent of Police Navneet Kanwat stated that the complaint was filed by Ajit Ganpatrao Dhope, the chief officer of Kej nagar panchayat. The irregularities were uncovered after an audit by the Maharashtra Housing and Area Development…

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NGT Orders Greater Noida to Report Illegal Buildings Monthly

NOIDA: Illegal construction has persisted in the city, despite repeated affidavits and responses submitted by former municipal corporator Rajendra Tyagi to the National Green Tribunal (NGT). The Greater Noida Industrial Development Authority (GNIDA), which is tasked with addressing such issues, has neglected to comply with multiple NGT directives and has received an additional four weeks to respond. The UP Pollution Control Board (UPPCB) has indicated that a report from GNIDA is essential to determine if the contested constructions surpass the 5,000 sqm threshold that necessitates consent for establishment. Last July, the Authority’s representative assured a comprehensive affidavit within three weeks,…