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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Chandigarh’s ₹62 Crore Property Tax Disputes in HC

CHANDIGARH: Municipal Corporation Chandigarh officials have disclosed that the city’s top 20 property tax defaulters still owe over Rs 190 crore, with Rs 62 crore in arrear cases currently in litigation in the Punjab and Haryana High Court. Various reasons have led occupants of seven out of the top 20 properties to contest the MC’s claimed arrears, resulting in the authority’s inability to recover the dues. All contested properties are classified as commercial. According to official data from the Municipal Corporation, commercial properties in the IT Park owe Rs 45 crore in dues. The Golf Club has not paid Rs…

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Nashik Civic Body Gathers 41% of Property Tax in Four Months

NASHIK: The Nashik Municipal Corporation (NMC) has achieved significant progress in its property tax collection for the fiscal year, gathering Rs 111 crore from April to July. This amount accounts for 41% of the target of Rs 275 crore set for the 2025-26 financial year. An NMC representative noted that the positive outcomes are attributed to a new rebate plan. This initiative features discounts ranging from 3% to 8% intended to encourage prompt payment. An 8% rebate was available for those who paid their entire annual property tax in April and May, while the percentage decreased to 6% for payments…

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Allahabad HC Orders Status Quo on Ghaziabad Demolition Notice

PRAYAGRAJ: The Allahabad High Court has instructed that the status quo be upheld regarding the demolition notices issued by the Ghaziabad Development Authority (GDA) concerning alleged illegal constructions on public land. During a hearing of a writ petition, a division bench consisting of Justice Mahesh Chandra Tripathi and Justice Prashant Kumar provided the district administration and GDA additional time to outline their plans for rehabilitating the current occupants of the properties in question. The court also prohibited the petitioners from forming any third-party interests or initiating any development on the contested property. The court noted, “It is clear from the…

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Ghaziabad Body to File New FIR Against Ansal Properties for Cave-In

GHAZIABAD: The Ghaziabad Development Authority is preparing to file a new FIR against Ansal Properties and Infra Ltd due to a cave-in at their Sushant Aquapolis Integrated Township that resulted in several vehicles being submerged in rainwater. The incident occurred during heavy rainfall on Thursday, exposing alleged violations by the developer. The downpour caused a 15-foot-deep crater in the basement of Apple Tower-7, where an unfenced section allowed water and debris from the nearby Shahberi drain to flood the parking area. During an inspection, GDA vice-chairperson Atul Vats identified significant infrastructural shortcomings. “The developer’s negligence in fencing one side of…

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Bengaluru Civic Body Fines Builder, Fires Officials Over Ramp Encroachment

BENGALURU: The BBMP has imposed a fine of Rs. 1 lakh on the owner of a building on MN Krishna Rao Road in Basavanagudi for unlawfully constructing a ramp on a public footpath, thereby hindering pedestrian movement. The ramp, part of a building under construction at Property No. 16, overtook the entire footpath and was covered with green netting, rendering it unusable for pedestrians. Following complaints, BBMP officials conducted an inspection and confirmed the encroachment. The ramp, rather than being confined to private property, extended across the entire pedestrian walkway, forcing people onto the road. This violation was brought to…

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DTCP Demolishes Illegal Structure in Emaar Palm Hills, Gurugram

Representative image created by AI GURUGRAM: The Department of Town and Country Planning (DTCP) has demolished an unauthorized meeting hall constructed by the Residents’ Welfare Association (RWA) of EMAAR Palm Hills in Sector 77. This structure was built in a shared open space without DTCP’s approval, contravening the designated layout plan. The department emphasized that a resolution passed in a general body meeting does not grant RWAs the legal authority to erect permanent or semi-permanent structures, particularly in green belt areas or public spaces as indicated in the layout plan. The department has warned RWAs against similar infractions in the…

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ED Files Extra Chargesheet on 1,700-Acre PMC-HDIL Lands

MUMBAI: The Enforcement Directorate (ED) has submitted a third supplementary chargesheet in the PMC Bank and Housing Development & Infrastructure Pvt Ltd (PMC-HDIL) loan fraud investigation. This chargesheet pertains to around 1,700 acres of land in the Sindhudurg district, which the agency has already attached and is seeking to have confiscated by the court. In the chargesheet, the ED alleges that Rakesh Wadhawan and Sarang Wadhawan, along with others, misused funds embezzled from PMC Bank to acquire agricultural land in the names of proxies, including their employees. Their intention was to sell this land at a profit for a proposed…

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ED Raids Ozone Urbana Developers Over Homebuyers’ Fraud

BENGALURU: The Enforcement Directorate (ED) has executed searches on a Bengaluru-based real estate firm and its promoters, who are accused of defrauding home buyers of several crores in connection with the sale of flats in their residential project, according to official sources. At least ten locations associated with Ozone Urbana Developers Pvt. Ltd. and its key management were searched in Bangalore and Mumbai under the Prevention of Money Laundering Act (PMLA). The main promoter of the company is Satyamoorthi Vasudevan. The ED initiated action against the company and its promoters following multiple police FIRs concerning their residential project named Ozone…

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Zirakpur Tops Mohali in Property Tax Collection on OTS Deadline

MOHALI: On the final day of the Punjab government’s one-time settlement (OTS) scheme, the Zirakpur municipal council emerged as the leading performer in property tax collection within Mohali district, successfully collecting Rs 12.2 crore. The OTS scheme, which commenced on July 1, allowed property owners to settle their overdue payments by paying just the principal amount, waiving off all interest and penalties if completed by July 31. The initiative saw an impressive turnout, especially on its last day, with the municipal council office witnessing an influx of 200 to 250 taxpayers daily. This enthusiastic response propelled Zirakpur ahead of other…

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NGT Requests New Report on Illegal Noida Buildings

NOIDA: The National Green Tribunal has expressed concern over the Noida Authority’s inadequate response to issues of illegal residential and commercial constructions. The tribunal, led by Justice Prakash Srivastava on July 28, has ordered the Authority to provide a new affidavit within three weeks detailing individuals, properties, projects, and their specific locations. The projects identified by the petitioner’s lawyer, Akash Vashishtha, include Pristine Greens and Krishna Elite Homes in Bisrakh Jalalpur village, Greater Noida West, which are being developed on agricultural and residential land. Other projects named include Trinity High Street in Jalpura, Vihaan Heritage in Bisrakh, Subodh Bhati Market…