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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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,…

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Karnataka HC: Compliance with Safety Norms Essential for Buildings

BENGALURU: The Karnataka High Court has ruled that high-rise residential buildings, including compact or “pocket” apartments, cannot be permitted if they pose a public safety risk, particularly to their occupants and nearby residents. A division bench, consisting of Justice DK Singh and Justice TM Nadaf, made this determination while dismissing a writ appeal from a Bengaluru real estate developer regarding compliance with fire safety setback requirements. The appeal, filed by Vishnu Sri Builders and Developers, contested an earlier order from a single judge about a modified building sanction plan for an apartment project in Halagevaderahalli, Rajarajeshwari Nagar. The dispute stemmed…

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Bombay HC Supports Housing Society, Approves New Builder After 13 Years

MUMBAI: The Bombay High Court has rejected a builder’s motion to prevent a Wadala society from replacing him in the redevelopment of 46 buildings with 900 tenants. Justice Sandeep Marne dismissed the challenge by Pioneer Constructions against Sahakar Nagar CHS, stating that while the builder was appointed in 2013 for the redevelopment, the tenants could not be expected to wait indefinitely. The High Court highlighted that the interests of the housing members “are far more significant” than those of the developer. This ruling came in response to the builder’s petition, which expressed concern that the society would contract with a…

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Mumbai: No medical bail for Mid-City Heights’ fraud partner

MUMBAI: A special court under the Maharashtra Protection of Interest of Depositors (MPID) Act denied the medical bail request of businessman Amarjeet Shukla on Saturday. He is accused of involvement in a real estate fraud amounting to Rs 55.71 crore. The court determined that although Shukla’s medical issues require attention, they do not constitute a life-threatening emergency justifying his release from custody. Shukla, a partner at Mid-City Heights, was arrested in August 2025 for allegedly deceiving members of the Zakaria Aghadi Nagar No 3 Co-operative Housing Society by selling the same flats to multiple buyers and failing to provide the…

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Karnataka HC Denies Builder’s Appeal on Fire Safety Violations

BENGALURU: High-rise buildings containing compact “pocket” apartments, irrespective of their luxury features, cannot remain operational if they present any danger to public safety—especially for residents and neighboring areas. This ruling came from the high court while rejecting the writ appeal submitted by Vishnu Sri Builders and Developers, Bengaluru. The court emphasized that private interests must be secondary to public welfare and the common good. A panel of Justices DK Singh and TM Nadaf noted that regulatory actions by local authorities are justifiable when necessary to preserve public health and safety. On September 3, 2025, a single bench ordered that the…

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Property tax dues at ₹2,000 crore: One-third of Nagpur’s budget

NAGPUR: The Nagpur Municipal Corporation (NMC) is grappling with Rs1,919 crore in unpaid property taxes, highlighting significant revenue recovery issues, with 4.54 lakh properties currently defaulting on payments—some for over 25 years. This unpaid tax represents almost one-third of NMC’s proposed budget of Rs5,857 crore for the fiscal year 2026-27. The magnitude of this default isn’t simply a recent occurrence; it reflects a long-standing systemic issue. Data indicates that Rs1,227 crore, approximately 64% of the total arrears, comes from properties that have neglected their taxes for 11 to 25 years. An additional Rs473 crore is owed by defaulters from the…