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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NCLT Approves Withdrawal of Insolvency for ATS Knightsbridge

NEW DELHI: The National Company Law Tribunal (NCLT) has sanctioned the withdrawal of insolvency proceedings against ATS Knightsbridge, a residential project in Noida, following an agreement with lenders under Section 12A of the Insolvency and Bankruptcy Code (IBC). The insolvency process, initiated by ASK Trusteeship Services under section 7 of the IBC in 2023, was formally dismissed by the NCLT’s New Delhi bench on March 13, 2026. Consequently, the Corporate Insolvency Resolution Process (CIRP), which began in April 2024, has been officially concluded. The project, developed by ATS Heights, is in the advanced stages of construction, with all five towers…

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Vedanta Challenges NCLT Approval of Adani’s Jaiprakash Bid

NEW DELHI: The Vedanta Group, a major business conglomerate, has approached the National Company Law Appellate Tribunal (NCLAT), disputing the approval given by the NCLT to the Adani Group’s bid for acquiring Jaiprakash Associates Ltd for ₹14,535 crore. Led by Anil Agarwal, Vedanta was also contending for the acquisition of Jaiprakash Associates Ltd (JAL) via an insolvency procedure. However, in November last year, lenders approved Adani Enterprises Ltd’s resolution plan. On March 17, the Allahabad bench of the National Company Law Tribunal (NCLT) officially sanctioned Adani Enterprises Ltd’s ₹14,535 crore bid for JAL during the insolvency proceedings. JAL announced in…

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Nashik: 439 Issued Notices for Plot Sub-Division Issues

Representative AI image NASHIK: The Nashik office of the assistant collector and sub-divisional officer (SDO) has issued revision notices to 439 individuals connected to 49 disputed land transactions, invoking Section 257 of the Maharashtra Land Revenue Code (MLRC), 1966. This action follows a revision application from the Nashik tehsildar, which has asked landholders to provide valid documentation for the alleged sub-division of their plots. These notices, dated March 18 and signed by naib tehsildar Jitendra Dhanrale, pertain to properties across various areas including Adgaon, Deolali, Wadner Dumala, Panchak, Mhasrul, Nandur Dasak, Gangapur, and Chincholi. According to additional tahsildar Amol Nikam,…

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Goa PCB issues notice to Vasco housing project for sewage discharge

Representative AI image PANAJI: The Goa State Pollution Control Board has issued a notice to Prabhu Violetta Phase I, a residential complex in Vasco, demanding an explanation within seven days as to why it should not face a penalty of ₹44,50,000 and ₹12,50,000 for discharging untreated sewage into the open environment. The complex has also been called to clarify why it has yet to secure valid operational consent under the Water (Prevention and Control of Pollution) Act of 1974. The Board has mandated an immediate halt to the sewage discharge, citing test results that reveal excessive levels for biochemical oxygen…

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Telangana HC to Hear Plea on Bhoodan Land House Demolitions

HYDERABAD: The Telangana High Court is set to hear on March 23 a petition contesting the demolition of homes reportedly constructed on Bhoodan land in Velugumatla village, Khammam district. The petition was submitted by a group of 20 daily wage laborers who allege their residences were demolished by authorities on February 24. Although the case was not reviewed due to time constraints, Justice B Vijaysen Reddy acknowledged the issue after it was brought up by the petitioners’ counsel. He indicated it would be examined in depth on March 24. The petitioners, residents of Gotilla Park in Khanapuram Haveli urban area…

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ED Seizes ₹5,000 Crore Assets in PACL Case

NEW DELHI: The Enforcement Directorate (ED) has announced the attachment of additional properties valued at over Rs 5,000 crore as part of an ongoing money laundering investigation into Chandigarh-based PACL (Pearls Group), which is accused of running a Rs 48,000 crore ponzi scheme. These 126 properties are situated in Punjab and Delhi. The ED issued a provisional order under the Prevention of Money Laundering Act (PMLA) for the attachment of these assets, which are valued at Rs 5,046.91 crore. As a result of this action, the agency has so far attached total properties worth Rs 22,656.91 crore, including both domestic…

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Vadodara: Man dupes 16 in ₹40 Lakh PMAY flat scam

VADODARA: The Gorwa police have initiated a cheating case against a man accused of defrauding 16 individuals by promising them flats under the Pradhan Mantri Awas Yojana (PMAY) in Vadodara. The suspect, identified as Harish Chauhan, hailing from Akota, is currently on the run. According to a complaint lodged by Varsha Pathak, a resident of Samta Road, she and her husband approached Chauhan in January 2025 while seeking to purchase a flat. Chauhan allegedly claimed to be an agent for the Vadodara Municipal Corporation (VMC) and promised them a house in Subhanpura under PMAY. When Pathak requested to view the…

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Ghaziabad Body Hits Just 50% of Revenue Goal

GHAZIABAD: The Ghaziabad Development Authority (GDA) has struggled to generate revenue from compounding fees during the fiscal year 2025-26, achieving only 50% of its target. The compounding charge is an additional fee levied by the development authority for construction that exceeds the approved layout plan, provided the deviation does not exceed 10%. According to documents obtained by TOI, GDA aimed to collect Rs 103 crore from compounding fees but only managed to gather Rs 52 crore across its eight zones. The compounding charges are approximately Rs 482 per square meter for residential units and double that for commercial properties. For…

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Maharashtra Registrations Department Hits 90% Revenue Goal

PUNE: The state’s department of registration and stamps is approaching its annual revenue goal, achieving almost 90% as the 2025-26 fiscal year nears its end. As of March 15, the department has raised ₹56,159.05 crore, which is around 88.4% of its ₹63,500 crore target. According to official statistics, a total of 43.12 lakh documents have been registered this fiscal year, already matching the complete count from the previous year (2024-25), which also recorded 43.12 lakh registrations and generated ₹58,266.07 crore against a lower target of ₹55,000 crore. Registration officials reported steady property transactions, averaging three to four lakh documents registered…

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EOW Closes ₹67.5 Cr Cheating Case Against Kamala Mills Owner

File Photo MUMBAI: The Economic Offences Wing (EOW) of the Mumbai police has concluded a cheating case involving Rs 67.50 crore against Ramesh Govani, the owner of Kamala Mills. The EOW submitted a ‘B’ summary report to the metropolitan magistrate court, indicating insufficient evidence to support the allegations by the complainant, Sujit Arora. Arora claimed that Govani acquired his land for redevelopment, promising Rs 20 crore along with commercial properties and flats valued at Rs 67.50 crore. However, Arora alleged that he received neither payment nor properties. The case was filed on July 9, 2024, under IPC sections concerning cheating,…