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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Delhi Court Summons M3M India Promoters in Cheating Case

NEW DELHI: A Delhi court has acknowledged a chargesheet submitted by the Economic Offences Wing (EOW) against M3M India Pvt Ltd and its promoters—Basant Bansal, Roop Bansal, and Pankaj Bansal—regarding an alleged land fraud case involving MGF Developments Ltd. Chief Judicial Magistrate Harshita Mishra stated that there are sufficient grounds to proceed against the accused under sections 406 (criminal breach of trust), 420 (cheating), 120B (criminal conspiracy), and 34 (common intention), summoning them to appear in court on April 4. “At the cognizance stage, this Court only needs to determine whether there are sufficient grounds for proceeding, not whether the…

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Survey Nearby Buildings of Heritage Sites: Delhi HC

NEW DELHI: The Delhi High Court has instructed authorities to undertake a thorough survey of all buildings situated near the city’s heritage sites to ensure compliance with established regulations. A bench comprising Chief Justice DK Upadhyaya and Justice Tejas Karia recently directed the Municipal Corporation of Delhi (MCD) to conduct this survey while addressing several petitions highlighting potential violations surrounding heritage structures throughout the capital. The court acknowledged that the petitions raised significant issues regarding the preservation of the character and integrity of heritage properties. It pointed out that construction activities near these sites can often alter their visual and…

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Noida Techie Death: Planner’s Director Seeks High Court Relief

NOIDA: A Chief Judicial Magistrate (CJM) court denied bail on Monday to Abhay Kumar, a director of MZ Wiztown Planners Pvt. Ltd., who was arrested in connection with the death of software engineer Yuvraj Mehta. The court has extended Kumar’s judicial remand by 10 days, scheduling the next hearing for February 13. Despite the lower court’s decision, Kumar’s legal team filed a habeas corpus writ petition with the Allahabad High Court, and the case is set for a hearing on Tuesday. Counsel Swastik Verma stated that Kumar’s arrest by the Greater Noida police failed to adhere to “basic legal provisions,”…

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EOW Arrests HR Officer of Shine City in Lucknow

LUCKNOW: The Economic Offences Wing (EOW) arrested a woman on Monday in relation to the Shine City real estate scam, which allegedly defrauded investors of crores of rupees across multiple districts in Uttar Pradesh. According to an EOW press release, the accused has been identified as Preeti Singh from Jankipuram. She was employed as a human resources officer at Shine City’s office in Vibhuti Khand, Gomtinagar, and acted as an authorized signatory for buyers’ agreements on behalf of the Shine City Group. Shine City Infra Project Pvt Ltd reportedly attracted investors with offers of low-cost residential plots and appealing investment…

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SC asks Maharashtra govt, civic body to respond on slum rehab plea

File photo NEW DELHI: On Monday, the Supreme Court sought responses from the Maharashtra government and the Municipal Corporation of Greater Mumbai regarding a petition that challenges a Bombay High Court ruling allowing slum rehabilitation schemes on plots originally designated for parks, gardens, and playgrounds. On June 19, 2025, the Bombay High Court upheld the legitimacy of a regulation concerning slum rehabilitation schemes, seeking to balance Mumbai’s critical need for green spaces with the constitutional right to shelter. It endorsed Regulation 17(3)(D)(2) of the Development Control and Promotion Regulations (DCPR) 2034, which permits the execution of slum rehabilitation schemes on…

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NGT Penalizes Goa CZMA in Sand Mining Violations

Representative AI image PANAJI: The National Green Tribunal (NGT) has imposed a Rs 50,000 penalty on the Goa Coastal Zone Management Authority (GCZMA) for repeatedly requesting extensions to file replies in ongoing sand mining cases. The tribunal highlighted that GCZMA had been allowed four weeks to submit its response but failed to do so, even after a reminder in August of last year. “We are granting one week’s time for them to file their affidavit, contingent on the payment of Rs 50,000 to the National Green Tribunal Bar Association, Western Zone Bench, considering that 12 matters had to be postponed…

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SC Upholds Insolvency Cases for Greater Noida Real Estate Firms

NEW DELHI: The Supreme Court has reaffirmed the commencement of corporate insolvency proceedings against Bhasin Infotech and Infrastructure Private Limited, as well as Grand Venezia Commercial Towers Private Limited, emphasizing the protection of homebuyers and commercial allottees. A bench led by Justices Sanjay Kumar and K. Vinod Chandran dismissed appeals from the former directors, including Satinder Singh Bhasin. The court found that the developers had failed to deliver functional units and had misled the court regarding project completion. The justices rejected the appellants’ claims that construction was fully complete and that possession was granted to some allottees, stating that such…

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Bail Granted to Two Realty Employees in Noida Techie Death Case

NOIDA: A local court has granted bail to two employees of a real estate firm linked to the death of a 27-year-old software engineer earlier this month. According to lawyers, the Chief Judicial Magistrate Court in Surajpur granted bail to Ravi Bansal and Sachin Karanwal, employees of Lotus Greens Construction Private Limited, in connection with the drowning incident of software engineer Yuvraj Mehta in a waterlogged pit near a construction site in Sector 150. The accused have claimed they did not commit any offense and are being falsely implicated. Advocate Manoj Bhati, representing the accused, stated that bail was granted…

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Firms with higher profits must bear more environmental costs: SC

NEW DELHI: The Supreme Court stated on Friday that companies benefiting from their scale must also face greater environmental responsibilities, affirming an NGT ruling that fined a builder Rs 5 crore for breaching environmental regulations. A bench led by Justices Dipankar Datta and Vijay Bishnoi remarked that, in cases concerning environmental protection, the scale of a company’s operations—such as revenue or production volume—can significantly influence the determination of compensation for environmental damage. The court noted that larger operations typically result in a greater environmental footprint, leading to increased resource consumption, emissions, and waste production, ultimately intensifying environmental strain. “If a…

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FIR Filed Against Builder for Open Waterlogged Pit in Greater Noida

NOIDA: An FIR has been filed against a builder and his project manager in Greater Noida’s Rabupura district for allegedly creating a hazardous situation by leaving a large pit filled with contaminated water near a public road, which endangers public health and safety, officials reported on Friday. The FIR was registered after a sub-inspector patrolling Sector 22D of Star City on January 28 discovered a “very large and wide pit” that had been excavated close to the road leading to Kherlibhav village. According to the FIR, the pit was dug using heavy machinery and had remained filled with stagnant water…