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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NCLAT Delays Ruling on Vedanta’s Challenge to Adani Bid for JAL

NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) has reserved its ruling on Vedanta’s two petitions regarding the acceptance of Adani Enterprises’ bid to acquire the financially distressed Jaiprakash Associates Ltd (JAL) via insolvency proceedings. The hearing concluded with a two-member NCLAT bench, led by Chairperson Ashok Bhushan and Member Technical Barun Mitra, after considering arguments from Vedanta and various respondents, including the Resolution Professional, the Committee of Creditors (CoC), and Adani Enterprises. The court has requested both parties to submit their written arguments within two days. Vedanta’s attorney questioned the evaluation criteria used by JAL lenders, who chose…

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GMDA Notifies Builder Over Drain Blockage in Ramprastha City

GURUGRAM: On Tuesday, GMDA issued a show-cause notice to the Ramprastha City developer in Sector 37D for allegedly constructing an unauthorized access that disrupts the natural flow of the Badshapur stormwater drain, raising concerns ahead of the monsoon season. If the developer fails to comply or provide an unsatisfactory response, the Authority warned that it will demolish the structure without notice, recover penalty costs, and initiate legal action. The recently identified structure constitutes a significant violation of drainage regulations and could cause waterlogging, public inconvenience, and damage to public infrastructure during the monsoon, according to the notice. The Authority classified…

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Karnataka HC: Sub-registrars must update docs in 4 weeks

BENGALURU: To prevent future litigations once sale deeds are declared void, the Karnataka High Court has established new guidelines for civil and commercial courts, as well as sub-registrars, to update property documents in a timely manner. Justice Sachin Shankar Magadum emphasized that in cases where a registered document related to immovable property is annulled, all civil and commercial courts must send a copy of the decree to the respective sub-registrar within four weeks. This correspondence should include the document number, registration date, book and volume details, and the nature of the annulled document. The decree must be accompanied by a…

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SC Issues Notice on Contempt Petition Over Gurugram Constructions

GURUGRAM: The Supreme Court has issued a notice in a contempt petition filed by Rajdarbar Iconic Venture concerning its December 17, 2024, ruling on unauthorized constructions, focusing on a land parcel in Chakkarpur village. During the contempt petition hearing on April 17, a bench comprising Justices JB Pardiwala and Vijay Bishnoi acknowledged the delay in filing the petition and instructed the respondents, including Anurag Rastogi and others, to submit their replies by May 7, 2026. The court also waived the requirement for their personal appearance at this stage. The petition names several respondents, including high-ranking Haryana officials such as the…

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Kanpur: Father-Son Duo Charged in PMAY Scam Involving 29 Victims

KANPUR: A father-son pair has been accused of defrauding 29 individuals out of ₹7 lakh by promising housing under the Pradhan Mantri Awaas Yojana in the Chakeri police station area. The victims, who did not receive homes or refunds, prompted one to file an FIR following a court order. According to the complaint lodged by Ashish Kumar from Kopar Ganj, Raipurwa, he works as a laborer and knew Pawan Kumar of Raksha Vihar, Shyam Nagar. Pawan claimed that his father, Dinesh Kumar, was employed at a gun factory and could facilitate jobs at Metro or the factory, along with colony…

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SC urges NCLAT to rule on 14 Supertech housing projects

NEW DELHI: On Monday, the Supreme Court urged the NCLAT to swiftly decide on the amalgamation of 14 remaining housing projects of the financially troubled real estate firm Supertech within a court-supervised framework, aiming to expedite completion and alleviate the concerns of homebuyers. Earlier, on February 5, the Supreme Court upheld an NCLAT order directing the State-owned NBCC to complete 16 out of 30 housing projects of Supertech Limited. The NCLAT is set to re-examine the issue on April 24. A bench led by Chief Justice Surya Kant and Justice Joymalya Bagchi took note of the worries expressed by homebuyers…

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Missing Papers Halt 2.5 Lakh Property Deals in Gurugram

GURUGRAM: The Income Tax (I-T) department is investigating approximately 2.5 lakh property transactions, worth over Rs 3 lakh crore, in the north-west region of India, according to officials. Many of these substantial transactions stem from Gurgaon and Faridabad. Revenue offices in these areas have either neglected to report transactions or submitted incomplete or erroneous PAN details, causing significant obstacles in tax verification efforts. Over the past year, the Directorate of Intelligence and Criminal Investigation (Chandigarh) has conducted over 40 surveys and spot verifications across revenue offices in Punjab, Haryana, Himachal Pradesh, and various Union Territories, including Chandigarh, Jammu & Kashmir,…

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Telangana HC Grants Week for Gov’t to Respond in GHMC Merger Case

HYDERABAD: The Telangana High Court has granted the state government one last opportunity to submit its responses to a series of petitions challenging the merger of panchayats, municipalities, and municipal corporations within the Outer Ring Road limits into the GHMC. The bench, led by Chief Justice Aparesh Kumar Singh and Justice GM Mohiuddin, stated, “As a final indulgence, the respondents (state) are allowed one week to file a counter-affidavit.” The court also granted an additional week for the petitioners to respond to the state’s counters and adjourned the matter for further hearings. Among the petitioners is 98-year-old farmer MA Shareef…

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Allahabad HC Halts Demolition of 48 Auraiya Properties

PRAYAGRAJ: The Allahabad High Court has temporarily halted the demolition of 48 houses and shops in the Dibiyapur region of Auraiya district, instructing authorities to maintain the status of the disputed properties. A division bench, consisting of Justice Mahesh Chandra Tripathi and Justice Vivek Varma, issued the ruling and scheduled the next hearing for April 29, requiring the state government to submit its counter affidavit within a week. The court mentioned that an urgent appeal was made before the Chief Justice on April 15, noting the imminent demolition of 48 residential and commercial properties in the Nahar Bazar area, set…

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Consumer Panel Orders Supertech to Fix Seepage in 30 Days

NOIDA: The district consumer commission has found Supertech Limited guilty of service deficiency after a flat sold by the builder at Ecovillage-2 suffered from seepage and sewage issues. The commission has instructed the company to address the defects within 30 days and compensate the owner with Rs 4,000 for mental anguish and legal expenses. The complaint was initiated in May 2019 by Minimol Chanchal Singh, a resident of Sector 16B, who had purchased a flat in Tower C-3 of the Supertech condominium. The flat, which was allotted to Singh in September 2016, was sold for Rs 27 lakh, including registry…