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: Mhada Can Use Unclaimed Patra Chawl Flats for Housing

MUMBAI: The Bombay High Court stated on Friday that sufficient time has been provided for all members of the Goregaon Siddharth Nagar Sahakari Griha Nirman Sanstha Limited society to take possession of their tenements. If members fail to act by April 30, 2026, the court will allow the MHADA to repurpose these tenements for public housing. The court also allotted time for society members to address ongoing legal disputes related to the Patra Chawl redevelopment. Any member wishing to occupy flats in the future can be granted possession after providing a three-month notice, according to the HC’s division bench, comprising…

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NGT Orders HSPCB to Halt Rewari Brick Kiln for Clearance Checks

Representative Image GURUGRAM: The National Green Tribunal (NGT) has instructed the Haryana State Pollution Control Board (HSPCB) to close a brick kiln in Rewari within a week, contingent upon confirming whether it possesses a valid Consent to Operate (CTO). This directive follows claims that the facility was violating environmental regulations and continuing operations despite a district-level closure order. Local resident Vikram Singh reported that Raria Brick Udyog in Kanmajra village was operating unlawfully, stating that it did not meet the standards set forth in the Union environment ministry’s notification from February 22, 2022. During the proceedings, the tribunal’s principal bench…

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ED Raids Kolkata’s Merlin Group in PMLA Case

KOLKATA: The Enforcement Directorate (ED) initiated fresh searches on Friday as part of its ongoing money laundering investigation into Merlin Group, a Kolkata-based real estate company, and related entities, according to officials. This recent action follows previous raids conducted by the agency on April 8 targeting Merlin Projects Limited and its promoters, Sushil Mohta and Saket Mohta. Officials indicated that 4-5 locations in Kolkata and the North 24 Parganas district are being searched under the Prevention of Money Laundering Act (PMLA) as part of the investigation. The Merlin Group has stated that it is cooperating with the ED and maintains…

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ITAT Upholds Tax Benefit for Reinvestment During Reassessment

Representative Image MUMBAI: In a ruling favoring taxpayers, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has determined that a claim for capital gains exemption under Section 54 of the Income Tax (I-T) Act cannot be rejected solely due to the absence of an initial I-T return. The tribunal stated that such claims should be considered if made during reassessment proceedings. The case centered around M Sheikh, a taxpayer who initially did not file an ‘original’ I-T return as required under Section 139(1) but later submitted it in response to a notice for reassessment under Section 148. This…

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Delhi court places ex-Reliance Group execs in ED custody for five days

NEW DELHI: A Delhi court has placed former senior executives of the Reliance Anil Ambani Group (RAAG), Amitabh Jhunjhunwala and Amit Bapna, in the custody of the Enforcement Directorate (ED) for five days as part of an investigation into a money laundering case linked to alleged bank loan fraud. The 24-page ruling noted that the ED uncovered allegations that loan funds were misappropriated and funneled to shell companies controlled by the group. The ruling also mentioned that emails recovered during the inquiry have “crystalized” the involvement of both individuals in the diversion of substantial loan amounts. The pair were arrested…

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Lucknow Police Seizes ₹5.78 Crore in Real Estate Fraud Assets

LUCKNOW: The Lucknow Police have secured movable and immovable assets valued over Rs 5.78 crore under the Gangsters Act linked to a fraudulent real estate scheme that deceived individuals by selling nonexistent or disputed land, officials announced on Thursday. This operation was conducted in the Mohanlalganj region, led by Police Commissioner Amrendra Singh Sengar, as part of an ongoing crackdown against organized crime. The assets seized belong to alleged gang leader Pramod Kumar Upadhyay and his accomplice, Vinod Kumar Upadhyay, according to police statements. According to authorities, “The accused ran a sophisticated syndicate that attracted unsuspecting buyers with enticing offers…

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Bombay HC: Higher FAR Approvals Await Case Outcome

Sure, here’s a rewritten version of the content: PANAJI: On Wednesday, the Bombay High Court indicated that all approvals for additional Floor Area Ratio (FAR) and height granted by the Town and Country Planning (TCP) would hinge on the resolutions of ongoing petitions before the court. The court instructed that the TCP board must include a clause in these approvals, emphasizing that the applications would be contingent upon the outcomes of the petitions. Final hearings for these petitions, which challenge the amendments to the Goa Land Development and Building Construction Regulations from August 2023, have been scheduled for June 15.…

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CBI Examines Ozone Projects, Bankers in Homebuyer Scam

CHENNAI: The Metrozone project in Koyambedu is now under investigation by the Central Bureau of Investigation (CBI) for alleged misconduct involving the subvention scheme and fraudulent actions toward homebuyers through a bank-developer collusion. The CBI’s economic offences wing in Delhi has filed a case against Ozone Projects Pvt Ltd, which is behind the Metrozone project, along with its promoters, directors, and unnamed officials from Axis Bank Ltd and Axis Finance Ltd, interpreting the situation as fraud and corruption as directed by the Supreme Court. The FIR indicates that Ozone Projects’ directors, currently undergoing the Corporate Insolvency Resolution Process (CIRP), allegedly…

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3.76 Lakh Owners Skip Property Tax, Nagpur’s Finances Suffer

NAGPUR: The property tax revenue of the Nagpur Municipal Corporation (NMC) has seen a decline in 2025-26, despite a continuous increase in the number of properties, highlighting serious compliance and recovery issues. To date, the NMC has collected Rs252.66 crore, a marked decrease from Rs306 crore gathered in 2024-25, where they achieved 94% of their Rs325 crore target. This reduction comes even with the total property count rising to 836,842, indicating that revenue growth is lagging behind property expansion. Alarmingly, only 460,094 property owners have settled their taxes, leaving 376,000 properties either in default or outside the tax system. Property…