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 Arrests Vikram Wadhwa in ₹645-Crore IDFC Bank Fraud Case

NEW DELHI: The Enforcement Directorate (ED) announced on Monday that it has made a third arrest related to its investigation into the alleged embezzlement of ₹645 crore from bank accounts associated with the Haryana government, Chandigarh administration, and two private schools held with IDFC First Bank. On May 29, the ED detained real estate businessman Vikram Wadhwa under the Prevention of Money Laundering Act (PMLA), alleging he received over ₹70 crore in ill-gotten gains and played a pivotal role in the generation, layering, and concealment of these laundered funds, according to an official statement. Following his arrest under Section 19…

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Ghaziabad: Builder Must Return Deed, Compensate Homebuyer

GHAZIABAD: The district consumer disputes redressal commission has partially upheld a complaint from an Indirapuram resident against the developers of Shipra Krishna Srishti. The commission found the builders liable for not providing the original registered sale deed of a flat to the lender as stipulated in a tripartite agreement. The commission has instructed the builders to deliver the original sale deed to HDFC and provide a photocopy to the complainant, Rajesh Bhalla, within 15 days. If they fail to comply, they must issue a public notice in two national dailies at their own expense, stating that the original deed for…

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HC Limits Relief in Building Violations, Opens Door for DTCP in Gurugram

GURUGRAM: The Punjab and Haryana High Court has paved the way for authorities to take action on numerous cases of alleged building violations within the city. The court has clarified that an earlier restraint order applies only to property owners involved in current litigation, rather than a blanket pause on all cases. This dispute concerns unauthorized constructions, additional floors, excessive coverage, and commercial operations in residential areas spanning DLF-1 to 5. In an order issued on May 29, Chief Justice Sheel Nagu led the bench in specifying that the previous restraint order from November 26, 2025, only affects additional respondents…

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Buyers Can’t Legalize Illegal Construction, Says Calcutta HC

KOLKATA: The Calcutta High Court has upheld the demolition of the fourth floor of a building under Howrah Municipal Corporation, stating that flat owners cannot demand the legalization of unauthorized construction solely based on their financial investment in that floor. The case was brought forth by the owners of a flat on the top floor, who petitioned the division bench of Justices Debangsu Basak and Reetobroto Kumar Mitra for urgent consideration on Sunday. The division bench noted that landowners were notified by the Howrah Municipal Corporation, which conducted an evaluation of the legality of the structure. “There is no evidence…

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NCLAT Gives Supreme Housing Final Opportunity for Canara Dues

MUMBAI: The National Company Law Appellate Tribunal (NCLAT) has granted the promoters of Supreme Housing and Hospitality an opportunity to settle their outstanding dues with Canara Bank by depositing a reduced amount of ₹460 crore into a no-lien account at the bank by June 13. The Mumbai-based real estate firm carries a total debt of ₹567 crore to the bank. The NCLAT stated, “We believe that the appellant should be given a final opportunity to clear its debt. The ₹460 crore must be deposited with the bank in a no-lien account by June 13, 2026. If the appellant fails to…

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Telangana HC Queries HYDRAA on Unnotified Kokapet Demolitions

HYDERABAD: The Telangana High Court challenged HYDRAA regarding the demolition actions taken at ZRESTA Villas in Kokapet, which were conducted without prior notice. Interim orders were issued to maintain the status quo. Justice Nagesh Bheemapaka, during a hearing of a house motion from the petitioners, deemed it inappropriate to demolish structures without notice, especially when the land was under litigation. According to the petitioners, the ZRESTA Villa Owners Maintenance Mutually Aided Cooperative Society, claims that HYDRAA personnel unlawfully entered the property on May 26 and removed the compound wall unexpectedly. In response to the demolition, the petitioners submitted a house…

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ED to Record Jaipur Farmers’ Claims of Land Grab by Developers

JAIPUR: The Jaipur branch of the Enforcement Directorate (ED) has summoned multiple farmers on June 3 as part of an investigation into alleged money laundering and fraudulent land aggregation, according to officials. The farmers have accused real estate developers of unlawfully seizing their ancestral agricultural land by misusing powers of attorney. The ED plans to record the farmers’ statements and collect documents related to these transactions. Farmers from the Sanganer region, including Jaisinghpura, have stated that although they legally sold their land years ago and received full payment, they later found that ownership rights were purportedly altered without their consent.…

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Calcutta HC Halts Tiljala, Kasba Building Demolition for a Month

KOLKATA: On Friday, the Calcutta High Court put a temporary hold on demolition notices issued to several buildings in Tiljala and Kasba for the next 30 days. The court has instructed the Kolkata Municipal Corporation (KMC) to conduct a hearing that includes both unauthorized building owners and their tenants. “In the event of a demolition notice for unauthorized constructions, both tenants/occupants and building owners must be given a chance to be heard,” the High Court stated while maintaining ‘status quo’ in a series of cases challenging the KMC’s demolition orders. The KMC commissioner has been mandated to provide an opportunity…

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ED Arrests Noida’s Bhasin Infotech Promoter

NEW DELHI: The Enforcement Directorate has apprehended the promoter of a Noida-based real estate firm in a money laundering investigation tied to the alleged cheating of home buyers, officials reported on Saturday. Satinder Singh Bhasin, director of Bhasin Infotech and Infrastructure Pvt Ltd (BIIPL) and owner of Grand Venice Mall in Greater Noida, was arrested on Friday. He was presented before a special court under the Prevention of Money Laundering Act (PMLA) in Ghaziabad, Uttar Pradesh, which ordered him to be held in Enforcement Directorate (ED) custody until June 6, as stated by officials. Authorities have claimed that Bhasin was…

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Himachal HC Probes Irregularities in Solan Housing Project

SHIMLA: The Himachal Pradesh High Court has issued notices to the state and central governments, the CBI, the Enforcement Directorate, and the non-agricultural promoters of the Chester Hills housing project in Solan, regarding alleged illegalities in the execution of this multi-crore venture on approximately 275 bighas of agricultural land. While hearing a Public Interest Litigation (PIL), a division bench of the high court, consisting of Chief Justice Gurmeet Singh Sandhawalia and Justice Bipin Chander Negi, acknowledged allegations related to violations of Section 118 of the Himachal Pradesh Tenancy and Land Reforms Act, 1972, which restricts the sale of agricultural land…