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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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…

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Lucknow to Impose 12% Interest on House Tax Defaulters

Here’s a rewritten version of the content: LUCKNOW: The Lucknow Municipal Corporation (LMC) has announced that a 12% interest fee will be imposed on house tax defaulters who do not pay by March 31. Additionally, strict measures will be enforced against those who postpone payment. The municipal body initiated an awareness campaign in Zone-3 of the city on Sunday, aiming to inform residents about the deadline to help them avoid penalties. A rally featuring e-rickshaws and sanitation vehicles was conducted across six wards: Lala Lala Lajpat Rai, Mahanagar, Vivekanandpuri, Daliganj, and Nirala Nagar. To assist taxpayers, LMC has declared that…

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1.6 Lakh Notices Sent to Telangana Property Tax Defaulters

Representative AI image HYDERABAD: Civic authorities in the Core Urban Region (CURE) are stepping up efforts to collect overdue property taxes as the fiscal year 2025–26 approaches its end, sending numerous notices to defaulters. In the past 15 days, the Greater Hyderabad Municipal Corporation (GHMC), the Cyberabad Municipal Corporation (CMC), and the Malkajgiri Municipal Corporation (MMC) have issued approximately 164,000 demand notices to property owners who have not settled their dues. Out of nearly 2.88 million property tax assessments in the city, around 40% remain unpaid for the current financial year. Additionally, the total outstanding amount is alarming. While the…

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Bombay HC Rejects Koli Societies’ Slum Redevelopment Challenge

MUMBAI: The Bombay High Court has dismissed a petition filed by two societies representing the Koli community from Danda Koliwada, a fishing village in Khar West. The petition challenged a court-appointed committee’s determination that slum redevelopment would not negatively impact their activities. Justices Makarand Karnik and Shriram Modak remarked that the societies’ challenge to the committee’s findings and requested reliefs involved intricate fact-finding and the need to evaluate evidence. They noted, “Hence the dispute raised by the petitioners can only be resolved before the competent civil court, and it is not possible for us to examine such disputes under writ…

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Allahabad HC: Ensure Lifts, Ramps for Disabled in Complexes

PRAYAGRAJ: The Allahabad High Court has instructed Uttar Pradesh authorities to ensure that residential complexes equip themselves with accessible parking and amenities such as lifts, pavements, and gyms for individuals with disabilities. “Accessibility is a fundamental right for persons with disabilities, enabling access to facilities that are standard in a building,” stated the high court. The court was addressing a writ petition brought by M/S Scc Builders Private Limited, a construction firm, in response to an order related to the Rights of Persons with Disabilities Act, 2016, concerning the parking space allocated to a resident at SCC Sapphire, a housing…

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ED Raids Mantri Developers’ Offices and Homes in Bengaluru

BENGALURU: The Enforcement Directorate (ED) conducted search operations on Monday at the residential and office premises of Mantri Developers Private Limited and its directors in Bengaluru, relating to a money laundering investigation, officials reported. The searches are being executed under Section 17 of the Prevention of Money Laundering Act (PMLA). The operation began around 8 AM, led by a team from the ED’s Delhi office, as part of an ongoing probe into alleged financial irregularities tied to the company. According to officials, multiple ED teams simultaneously searched various residential and office locations associated with the real estate firm and its…

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Patna civic body collects ₹1 crore in special tax drive

Representative AI image PATNA: The Patna Municipal Corporation (PMC) successfully collected around Rs 1 crore in property tax within just two days through a targeted recovery initiative. A six-member flying squad visited various wards to collect outstanding dues from property owners with arrears exceeding Rs 50,000. Municipal Commissioner Yaspal Meena convened a review meeting on Friday with revenue and executive officers to streamline further collection efforts. Officials warned that property owners who do not settle their dues by the deadline risk having their bank accounts frozen and their properties attached. The corporation has already issued notices to major defaulters, prohibiting…

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SC offers Noida Authority last chance on stalled sports city project

NEW DELHI: The Supreme Court has granted a final chance to the New Okhla Industrial Development Authority to follow its directives related to delayed real estate projects associated with the Noida Sports City development. A bench comprising Justices M M Sundresh and N Kotiswar Singh issued the order. “As a final opportunity, the earlier orders made by this court on November 24, 2025, and January 15, 2026, must be complied with by the respondent Noida,” stated the bench. In the November 24 ruling, the Supreme Court approved a structured revival plan for the project being developed by Lotus Green Constructions…

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Uttar Pradesh Stamps Dept Launches Revenue Boost Campaign

LUCKNOW: As the financial year approaches its conclusion, the Stamp and Registration Department has initiated a statewide campaign aimed at increasing revenue. This includes expediting the registration of unregistered properties, resolving pending stamp cases, and recovering outstanding stamp duties. The department is also reviewing stamp rates to adjust the minimum market value of properties. An official stated that unregistered properties from development authorities, the Housing Development Council, UPSIDC, and other institutions are being prioritized for registration. Additionally, the department is evaluating projects from development authorities and government agencies to ensure timely stamp duty payment. In Gautam Budh Nagar, it’s anticipated…

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Goa: Developer Ordered to Fix Flat Seepage by Consumer Forum

PANAJI: The North Goa District Consumer Dispute Redressal Commission has directed a property developer to resolve water seepage issues in a Bardez resident’s flat within three months, along with compensating Rs 25,000 for damages caused by the leaks. Vikram Vaigankar purchased a flat on the first floor of ‘The Misty Greens’ in Socorro for Rs 38 lakh in 2018, developed by Universal Developers. In June 2020, he reported that a section of the false ceiling in the hall and bedroom collapsed. Although the builder repaired the slab, faulty waterproofing resulted in further leakages. By June 2021, water began leaking directly…