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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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,…

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Nashik Builder Arrested for EWS Quota Violations in 49 Projects

NASHIK: The Sarkarwada police have arrested a developer in connection with a cheating case involving 197 landlords, builders, and developers. They are accused of circumventing the mandatory 20% reservation for the Economically Weaker Section (EWS) in residential projects that exceed 4,000 sq m. The developer, associated with a project in Nashik city, was summoned for questioning on Monday and subsequently taken into custody. The court has remanded him to police detention until March 20. Senior officials from the Sarkarwada police station indicated they received a list of 197 individuals from the Nashik Municipal Corporation (NMC) and the tehsil office, connected…

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CCS Files Case Against Builders for Pre-Launch Fraud

HYDERABAD: The Central Crime Station (CCS) has filed a case against the directors of Bharathi Builders, accused of swindling a local businessman and his brother out of ₹87 lakh with a fraudulent pre-launch investment scheme related to a gated community project in Bhanoor, Sangareddy district. K. Krishna Sumanth, 46, from Banjara Hills, reported that directors D. Nagaraju and M. Siva Rama Krishna convinced him and his brother, Krishna Kanth, to invest in their proposed project in August 2021. “They claimed to have secured 6.39 acres across various survey numbers in Bhanoor, assuring us that our investment would double within 36…

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ED Recovers ₹650 Crore for 2,300 SRS Realty Home Buyers

NEW DELHI: The Enforcement Directorate has returned immovable assets valued at ₹650 crore to over 2,300 home buyers as part of its ongoing investigation into money laundering involving the Faridabad-based SRS Group, according to officials. They noted that a specific provision in the Prevention of Money Laundering Act (PMLA) in Gurugram enabled the federal agency to undertake this action under anti-money laundering regulations. The ED’s Gurugram zonal office has effectively restored assets worth approximately ₹650 crore to 2,312 legitimate home buyers who were reportedly cheated in SRS projects, officials confirmed. It is alleged that the promoters and executives of SRS…

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Hubballi-Dharwad aims to collect ₹333 crore in FY27 taxes

HUBBALLI: The Hubballi-Dharwad Municipal Corporation (HDMC) unveiled a surplus budget of ₹7.7 crore for the financial year 2026-27 in Hubballi on Monday. The budget estimates a revenue of approximately ₹1,603.2 crore against an expenditure of ₹1,594.4 crore, positioning it higher than other corporations in the state, except those in Bengaluru. Meenakshi Vantamuri, chairperson of the taxation, finance, and appeal standing committee, presented the budget to applause from BJP members. However, opposition Congress members expressed skepticism regarding the data within the budget document. The budget aims to generate ₹897 crore from the corporation’s own resources and anticipates receiving ₹706 crore in…