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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ED Raids Ozone Urbana Developers Over Homebuyers’ Fraud

BENGALURU: The Enforcement Directorate (ED) has executed searches on a Bengaluru-based real estate firm and its promoters, who are accused of defrauding home buyers of several crores in connection with the sale of flats in their residential project, according to official sources. At least ten locations associated with Ozone Urbana Developers Pvt. Ltd. and its key management were searched in Bangalore and Mumbai under the Prevention of Money Laundering Act (PMLA). The main promoter of the company is Satyamoorthi Vasudevan. The ED initiated action against the company and its promoters following multiple police FIRs concerning their residential project named Ozone…

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Zirakpur Tops Mohali in Property Tax Collection on OTS Deadline

MOHALI: On the final day of the Punjab government’s one-time settlement (OTS) scheme, the Zirakpur municipal council emerged as the leading performer in property tax collection within Mohali district, successfully collecting Rs 12.2 crore. The OTS scheme, which commenced on July 1, allowed property owners to settle their overdue payments by paying just the principal amount, waiving off all interest and penalties if completed by July 31. The initiative saw an impressive turnout, especially on its last day, with the municipal council office witnessing an influx of 200 to 250 taxpayers daily. This enthusiastic response propelled Zirakpur ahead of other…

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NGT Requests New Report on Illegal Noida Buildings

NOIDA: The National Green Tribunal has expressed concern over the Noida Authority’s inadequate response to issues of illegal residential and commercial constructions. The tribunal, led by Justice Prakash Srivastava on July 28, has ordered the Authority to provide a new affidavit within three weeks detailing individuals, properties, projects, and their specific locations. The projects identified by the petitioner’s lawyer, Akash Vashishtha, include Pristine Greens and Krishna Elite Homes in Bisrakh Jalalpur village, Greater Noida West, which are being developed on agricultural and residential land. Other projects named include Trinity High Street in Jalpura, Vihaan Heritage in Bisrakh, Subodh Bhati Market…

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HC: State can’t limit zero-period relief after land delay

NOIDA: The Allahabad High Court has affirmed that ‘zero-period’ waivers for real estate developers should be granted in full for delivery delays beyond their control. In a ruling dated July 25, the court annulled a Greater Noida Authority decision that denied the zero-period benefit to developer Empire E-Parks. The judgment mandates that the development authority provide the developer with a zero-period waiver on interest and penal interest accrued over the 18 years that construction was halted, due to the developer’s inability to take possession of the designated land. This decision, echoing a previous case involving Gaurasons India Ltd, could significantly…

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ED uncovers property records tied to ex-Vasai-Virar chief

MUMBAI: The Enforcement Directorate (ED) has confiscated several documents related to properties associated with Anil Pawar, the former civic chief of the Vasai-Virar City Municipal Corporation (VVMC), during searches conducted at 12 locations linked to him this week. According to ED sources, Pawar allegedly “established multiple entities in the names of family members, relatives, and benamidars to facilitate money laundering of bribed funds.” The sources further revealed, “The creation of these shell entities aligns with his tenure as VVCMC commissioner in 2022, engaging largely in cash-intensive businesses such as construction and redevelopment.” Investigations by the ED uncovered a systematic cartel…

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SC Seeks Early Hearing on Haryana’s S+4 Policy

GURUGRAM: The Supreme Court has dismissed a special leave petition (SLP) that contested Haryana’s stilt+4 construction policy, permitting the petitioner to seek interim relief from the Punjab and Haryana High Court. This case has generated significant public interest, particularly among residents and civic organizations who have raised concerns about uncontrolled urban expansion and its impact on infrastructure. The petition, submitted by Sunil Singh, challenged the Haryana government’s notification dated July 2, 2024, which authorizes stilt+4 floor constructions on residential plots. Critics argue that these developments further strain the city’s already burdened infrastructure, including water supply, sewage treatment, drainage systems, and…

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CBI Files 22 FIRs on SC’s Order to Probe Builders-Banks Nexus

NEW DELHI: Following the Supreme Court’s orders, the CBI has filed 22 FIRs to investigate the alleged collusion between builders and banks, which has reportedly defrauded homebuyers in the NCR region, officials announced on Wednesday. The agency executed searches across 47 locations in Delhi and NCR after filing the FIRs, a spokesperson for the CBI confirmed. Entities like Jaypee Sports International Ltd, Jaiprakash Associates Ltd, Ajnara India Ltd, Vatika Ltd, Jaypee Infratech Ltd, Supertech, and Idea Builders are among those specifically mentioned in the various FIRs. The investigation also names several financial institutions, including State Bank of India, Indiabulls Housing…

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NGT Sends Notices to Haryana on Aravalis Environmental Violations

GURUGRAM: The National Green Tribunal (NGT) has acknowledged environmental violations in the ecologically sensitive Aravali forest area near Suncity, Sector 54, and has issued notices to the Haryana government, forest department, and pollution department for clarification. The next hearing is scheduled for October 29, 2025. The tribunal was presented with a petition from a local resident claiming that over 10 acres of Aravali land in Sector 54 has been encroached upon. The petition outlines several violations on the forestland, which include the construction of unauthorized structures, the creation of a parking lot, illegal borewell installations, and incidents of light and…

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Gujarat HC Lifts Stay on Pacifica Developers’ Civil Prison Order

AHMEDABAD: The Gujarat High Court has undone the stay on the Gujarat Real Estate Regulatory Authority’s (GujRERA) order to detain officials from Pacifica Developers Pvt Ltd, including managing director Rakesh Israni, in civil prison for 60 days. The developers were penalized for not delivering a house to a buyer and for allegedly selling the same property to someone else. Last week, Justice Vaibhavi Nanavati not only permitted the enforcement of the civil prison order but also referred the case to a division bench for potential contempt proceedings against Israni, as well as other officials—Darpan Tarwani, Kaushik Patel, and Jay Chandani—for…

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Telangana HC Cautions Petitioner on Repeated Building Appeals

HYDERABAD: The Telangana High Court expressed its discontent towards a local businessman who filed a petition disputing the legality of environmental clearances and building permits for a significant residential project in Hafeezpet, Serilingampally. A division bench, led by Chief Justice Aparesh Kumar Singh and Justice P. Sam Koshy, cautioned the petitioner against misusing the court’s time, stating that appropriate penalties would follow. “Your petition is frequently provoking the court’s ire. Regardless of the circumstances, we will dismiss this petition with substantial costs,” remarked the bench. Nevertheless, after the petitioner’s counsel apologized, the bench allowed the petition’s withdrawal while issuing a…