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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Jaipur Civic Body Seals Four Buildings for Tax Delinquency

Representative Image JAIPUR: On Tuesday, the Jaipur Municipal Corporation (JMC) sealed four properties in the Civil Lines zone due to outstanding urban development tax. Nine properties were reviewed for recovery, with five owners settling their dues immediately, resulting in approximately Rs 12 lakh collected. The four remaining properties were sealed in compliance with regulations. Civil Lines Divisional Commissioner Devanand Sharma stated, “During the operation, owners of five properties paid their outstanding dues. The attachment and sealing of the four properties followed the established rules. Efforts are ongoing to recover the pending amounts, together with applicable interest and penalties as set…

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Ahmedabad collects impact fee for two homes on govt land

AHMEDABAD: Officials from the Ahmedabad Municipal Corporation (AMC) have faced allegations of collusion and irregularities from a co-operative housing society in Ghatlodia ward. Society members claim that AMC officials in the North West Zone improperly collected impact fees for two houses constructed illegally on government land, falsely attributing them to their society. On December 22, 2024, the society members submitted an appeal to the Appellate Authority in Gandhinagar under the Gruda Act, 2022. The appeal, initiated by Natwarlal Panchal along with eight other society members, states that impact fees were unlawfully charged in May 2024 for the two homes built…

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Hyderabad: ED Files Supplementary Complaint in Sahiti Case

HYDERABAD: The Hyderabad unit of the Enforcement Directorate (ED) has submitted a supplementary prosecution complaint under the Prevention of Money Laundering Act (PMLA) against key figures involved in the Sahiti Infratec Ventures India Pvt Ltd (SIVIPL) fraud case. This complaint has been presented to the MSJ Court in Nampally, which acknowledged it on Monday. According to the ED, the complaint targets B Lakshminarayana, a former director, and S Purnachandra Rao, the marketing head of SIVIPL. Following an FIR filed by the Telangana police, the ED initiated a money-laundering investigation. The FIR claimed that SIVIPL and its promoters promoted a ‘pre-launch…

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Gurugram: ED Seizes ₹50 Crore in Assets from Ocean Seven Buildtech

Representative image NEW DELHI: The Enforcement Directorate (ED) has seized a villa, a hotel, a resort, along with several land parcels and deposits exceeding Rs 50 crore as part of a money laundering investigation concerning a fraud involving homebuyers tied to Gurugram’s Ocean Seven Buildtech Pvt Ltd (OSBPL). The ED’s statement indicated that Swaraj Singh Yadav, the company’s promoter, was instrumental in orchestrating this fraudulent scheme by misappropriating funds gathered from homebuyers intended for housing construction. Yadav was arrested in November as part of the ongoing investigation. The assets seized include a villa, hotel, resort, multiple office spaces, and several…

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Hyderabad Police Files Chargesheet in 19 Sahiti Infratech Cases

HYDERABAD: Central Crime Station (CCS) investigators have filed a chargesheet against 13 individuals in connection with 19 cases registered against Sahiti Infratech Ventures India Pvt Ltd in 2022. The CCS’s investigation covers a total of 57 cases against the company and its directors, with additional chargesheets expected after further investigation. On Monday, a team led by ACP KM Kiran Kumar, under DCP N Swetha’s supervision, submitted a 155-page chargesheet citing 294 witnesses to the metropolitan sessions judge in Nampally. This chargesheet includes the primary case registered at CCS on August 1, 2022, alongside 18 other re-registered cases linked to the…

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SC Requests Uttarakhand to Report on Illegal Forest Land Constructions

NEW DELHI: The Supreme Court criticized the Uttarakhand government for “persistent negligence” and requested a detailed report including a site plan that outlines illegal constructions on forest land in the state. A bench consisting of Chief Justice Surya Kant and Justice Joymalya Bagchi highlighted their serious concerns over the large-scale and systematic encroachment on forest land in Uttarakhand. They indicated plans to broaden the scope of legal proceedings to investigate the failure of state authorities to protect these lands. The court remarked that state officials seemed to collude with land grabbers, allowing encroachments and then attempting to legitimize them through…

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FIR Filed Against Aiko Builders’ Director in ₹30 Crore Scam

MUMBAI: Neeraj Vora, the director of Aiko Builders Pvt Ltd, has been accused of defrauding a construction entrepreneur in Vasai of Rs 30 crore related to a real estate transaction concerning a plot in Mira Road. The Manikpur Police registered a First Information Report (FIR) against Vora on allegations of cheating and forgery. The complainant, Akash Gupta, reported that in 2021, Vora approached him for funding to develop a two-acre parcel of land at Mira Road, promising allocation of 1 lakh sq ft at a price of Rs 2,970 per sq ft. Vora purportedly claimed to own the land and…

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Supreme Court: More FAR in Bengaluru will worsen civic issues

NEW DELHI: The Supreme Court raised concerns on Monday regarding the Karnataka government’s approval of Premium Floor Area Ratio (PFAR) for construction. This decision could facilitate the erection of multistoried buildings on narrow 9-metre-wide roads in Bengaluru, exacerbating the city’s already strained civic amenities. A bench comprising CJI Surya Kant and Justice Joymalya Bagchi expressed, “Allowing PFAR would enable construction on narrow roads. Builders may entice flat buyers with appealing offers, but what about civic amenities? While increased FAR might be justifiable in newly developed areas, granting such permissions in established residential zones would strain these amenities. What happens to…

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Five Sub-Registrars Suspended for 1,332 Illegal Registrations

BENGALURU: The state government has revealed a significant property registration scam linked to its e-khata system, resulting in the suspension of five sub-registrars. This comes after officials discovered fraudulent registrations of approximately 1,332 properties over a one-year span from December 6, 2024, to December 5, 2025. The Department of Stamps and Registrations has suspended the officials due to their alleged involvement in misusing the Kaveri 2.0 portal, failing to import essential e-khata details from the e-swathu software, and illegally registering sale deeds. Those suspended include Ravi Sankana Gouda, N. Satish Kumar, Sridhar (first division assistant-in-charge sub-registrar), Girish Chandra, and R.…

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Gurugram Seals Two Properties Over Tax Delinquency

Representative Image GURUGRAM: The MCG has ramped up its actions against property tax defaulters, sealing two properties in Saraswati Enclave due to overdue payments totaling ₹43 lakh. Officials reported that one property had an outstanding tax of ₹20.9 lakh, while the other owed ₹22 lakh. This action follows the failure of property owners to settle their dues despite numerous reminders. The sealing drive is part of ongoing efforts to bolster revenue collection and ensure tax compliance. In the past 15 days, the MCG has sealed 28 properties in Zone 1 alone. Additionally, 33 more properties have been flagged for potential…