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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Nashik Collects ₹66 Crore in Property Tax in Four Months

NASHIK: The Nashik Municipal Corporation (NMC) successfully collected Rs 66 crore in property taxes from defaulters as part of its amnesty scheme during the September to December period of the current financial year. This brings the total property tax collection for the civic body to Rs 208 crore by the end of December 2025. An official reported that approximately 86,000 defaulters settled their dues, benefiting from rebates totaling Rs 22 crore. The scheme was launched for four months, offering penalty waivers between 85% and 95% for those who paid their outstanding amounts in full. Under standard regulations, the NMC imposes…

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Allahabad HC: No Tenancy Agreement Doesn’t Block Rent Authority

PRAYAGRAJ: In a landmark decision, the Allahabad High Court has determined that the lack of a written tenancy agreement or failure to provide tenancy details does not prevent the rent authority from exercising its jurisdiction. The court stated that, under the Uttar Pradesh Regulation of Urban Premises Tenancy Act, 2021, the rent authority is authorized to consider a landlord’s eviction application even if no written agreement exists and the landlord has not submitted tenancy details. Justice Rohit Ranjan Agarwal, delivering the judgment on December 16, remarked, “This provision leads to the conclusion that the jurisdiction of the rent authority under…

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Mumbai Court Rejects Slum Classification for Godrej Land

Representational image MUMBAI: In a significant ruling for one of India’s oldest industrial groups, the Bombay City Civil Court has annulled a long-standing government notification that categorized Godrej & Boyce’s manufacturing land in Vikhroli as a slum area. This judgment effectively concludes the legal challenge, safeguarding the private property from state acquisition under the Maharashtra Slum Areas Act. Judge A.K. Kale stated, “It is hereby declared that no valid declaration exists under Section 4(1) of the Maharashtra Slum Areas (Improvement, Clearance and Redevelopment) Act concerning the suit land. Defendant numbers 1 and 2 (additional collector and deputy collector ENC) are…

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Mohali Targets Chronic Tax Defaulters with Sealing, Auctions

MOHALI: The municipal corporation has initiated a rigorous enforcement campaign targeting persistent property tax defaulters, emphasizing that further non-compliance will not be tolerated. This initiative specifically focuses on major commercial and industrial entities that have neglected to settle their financial obligations despite several notifications. MC Commissioner Parminder Pal Singh stated that sealing notices were dispatched under Section 138-C of the Punjab Municipal Corporation Act, 1976, to non-compliant properties. “A final grace period of three days was extended for clearing outstanding property tax. Should payment not be made during this window, the premises will be sealed without additional notification,” he warned.…

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ED Requests Summary Report from Sambhajinagar Police on PMAY Case

CHHATRAPATI SAMBHAINAGAR: The Enforcement Directorate (ED) has contacted the Chhatrapati Sambhajinagar city police for the ‘C’ summary final report and all investigation documents related to the 2023 Prime Minister Awas Yojana (PMAY) housing tender case. This case was closed in June 2024 after a Judicial Magistrate First Class (JMFC) accepted the ‘C’ summary filed by the city police’s crime branch. An FIR was filed at the City Chowk police station on February 23, 2023, following a complaint from Deputy Municipal Commissioner Aparna Thete. The FIR was registered under various IPC sections relating to cheating and forgery against 19 accused. The…

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HC criticizes MHADA for delaying Pune housing society redevelopment

PUNE: The Bombay High Court (HC) has criticized MHADA officials for “overstepping their authority” by misinterpreting the Chief Minister’s (CM) comment regarding a letter from BJP’s Kasba Peth MLA Hemant Rasne. The officials construed it as a stay on the redevelopment of the Sunglory housing cooperative and a proposal for the Nutan housing cooperative in Sadashiv Peth. The bench, comprised of Justice Girish Kulkarni and Justice Aarti Sathe, noted on December 23 the “extra-legal interference” by MLA Rasne, aimed at “pressuring MHADA officials” regarding this matter. The Court ruled that MHADA’s no-objection certificate (NOC) for the Sunglory housing cooperative, issued…

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Guntur Civic Body Waives Uncollectable Property Tax Arrears

GUNTUR: The Guntur Municipal Corporation (GMC) has eliminated ₹33.62 crore in ‘uncollectable’ property tax arrears as part of its initial phase, addressing a total of over ₹80 crore in long-standing demands. Property and vacant land taxes are vital for GMC, generating an approximate annual revenue of ₹300 crore. Yet, collection rates have historically remained at 50-60%, primarily due to staff oversight and accumulating uncollectable amounts. “We conducted a comprehensive review of the outstanding dues and determined that certain assessments could be waived following due diligence. Every record will be made public, as the council has approved this proposal. This initiative…

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Telangana Registrations Drop 50,000, Revenue Rises ₹500 Crore

HYDERABAD: Despite the state’s government initiatives to boost the struggling real estate sector, including freezing market value revisions and fostering a more favorable developer sentiment, the industry still faces significant challenges. Registrations have sharply declined, dropping by approximately 50,000 documents in the 2025-26 financial year compared to the previous year (up until December). Although there has been a slight rise in total revenue, it remains well below the target of Rs 19,100 crore. For the fiscal year 2024-25, the registration and stamps (R&S) department generated Rs 14,230 crore in revenue. According to sources from the R&S department, their revenue target…

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Insolvency Cases Surge, Straining NCLT amid Infra Issues

NEW DELHI: The Insolvency and Bankruptcy Code (IBC) framework in 2025 faced increasing stress on timelines and capacity, with resolution processes often extending beyond statutory deadlines. This scenario persists despite the National Company Law Tribunal’s (NCLT) efforts to manage its limited resources. Senior advocates and legal experts have raised alarms over systemic delays, indicating that nearly 10,000 cases remain stuck at the admission stage, with over Rs 10 lakh crore in distressed assets at stake. Additionally, nearly 24 out of 30 NCLT courts are operating on half-day schedules. The delays can be attributed to a combination of limited capacity, repeated…

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Mumbai Court Orders Eviction of Trespassers from NRI’s Apartment

MUMBAI: The Bombay City Civil Court has concluded a 15-year legal dispute, granting eviction of trespassers from the Dahisar apartment of an NRI businessman, Suresh Basantani. Judge BD Pawar ruled in favor of Basantani, who had learned his home was “resold” and occupied while he was living abroad. Judge Pawar emphasized that once a registered agreement is executed and the title is transferred, the seller loses any rights to the property. He stated, “As defendant Nos 1 and 2 (Siddhivinayak Builders and promoter) already transferred the title of the suit flat to the plaintiff, they could not transfer it again…