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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Lucknow: Deputy Registrar Nullifies RWA Registration

LUCKNOW: The Deputy Registrar’s office for Firms, Societies, and Chits in Lucknow has annulled the registration of the Celebrity Green F & G Resident Welfare Association (RWA) immediately, citing significant breaches of the Uttar Pradesh Apartment Act, 2010, and the concealment of key facts during the registration process. This decision was made on December 17. The RWA, situated in Celebrity Green, Sector-B, Sushant Golf City, and developed by Ansal API, was registered on July 31, 2023, under the Societies Registration Act, 1860, with a validity until July 30, 2028. A complaint by Sikta Mishra and other residents on October 9,…

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NGT Halts Order to Attach Gaursons Promoters’ Office, MD Case

NOIDA: The National Green Tribunal (NGT) has suspended its prior directive to attach the headquarters of Gaursons Promoters Private Limited and initiate criminal proceedings against the company’s managing director, granting temporary relief to the real estate developer. This ruling was made by a bench featuring judicial member Justice Arun Kumar Tyagi and expert member Dr. Afroz Ahmad, following the company’s request to modify or overturn the tribunal’s Dec 16 directive. This directive had been issued during the hearing of an execution application presented by a Greater Noida resident, claiming non-compliance with earlier tribunal orders. Senior advocate A R Takkar, representing…

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Morbi: FIR Filed Against 8 Builders for Failing Amenities

RAJKOT: A 44-year-old man, Vinod Parmar, has filed a cheating complaint against eight builders and their associates at the Morbi taluka police station. He accuses them of defrauding homebuyers through false promises about basic amenities. Parmar has lodged the case under IPC Sections 420 (cheating) and 114 against individuals including Manish Kalariya, Chintan Gami, and others. According to the FIR, Parmar resides in Mansadham Society at Pipli village, which has 45 homes, while Mansadham 2, Gokuldham Society, and Trilokdham Society collectively include around 300 houses—all constructed by the accused builders. He purchased a house for ₹15.21 lakh on November 9,…

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ED Arrests MD of Jayathri Infrastructures in Fraud Case

HYDERABAD: The Enforcement Directorate (ED) has apprehended Kakarla Srinivas, Managing Director of Jayathri Infrastructures India Pvt Ltd in Hyderabad. He is a key suspect in a multi-crore real estate pre-launch scam that reportedly defrauded numerous homebuyers. Srinivas, who had been evading arrest for several months, was captured by the ED’s Hyderabad unit in Chennai on Thursday evening. He was presented before the special PMLA court in Rangareddy on Friday and was remanded in judicial custody until December 31. The case revolves around alleged money laundering associated with extensive cheating of homebuyers and investors. The ED initiated an investigation under the…

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ED Seizes Vatika, Unitech Assets in Homebuyers’ Fraud Case

NEW DELHI: The Enforcement Directorate has attached assets valued at ₹80 crore from real estate firms, including Vatika and Unitech Groups, as part of a money laundering investigation concerning the Gurugram-based Ramprastha Group for alleged homebuyer fraud. A provisional order was issued by the federal investigative agency on Wednesday to attach these properties under the Prevention of Money Laundering Act (PMLA). The investigation focuses on Ramprastha Promoters and Developers Pvt Ltd (RPDPL) and its related entities. The total value of the attached assets is ₹80.03 crore, as stated by the Enforcement Directorate (ED). “The attached assets encompass movable and immovable…

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Allahabad HC upholds ED proceedings in Grand Venice case

PRAYAGRAJ: The Allahabad High Court on Thursday refused to quash proceedings by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act, 2002 (PMLA) concerning the FIR related to the Grand Venice project in Greater Noida, Gautam Budh Nagar. The court made important observations regarding the jurisdictional prerequisites and statutory protections governing the powers exercised under the Act. The Grand Venice project was developed on a commercial plot allocated by the Greater Noida Industrial Development Authority, intended for a theme-based commercial mall and an adjacent commercial tower. On June 9, 2015, an FIR was filed at the Kasna police…

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CAG Report Highlights Issues in Chhattisgarh Housing Scheme

RAIPUR: The Comptroller and Auditor General of India (CAG) has identified critical deficiencies in the execution of key welfare and infrastructure initiatives in Chhattisgarh. This includes urban housing, labor welfare, and renewable energy projects, as detailed in the Performance and Compliance Audit (Civil) Report for the period ending March 2023. The report, presented in the state assembly by Finance Minister O P Choudhary on Wednesday, consists of three chapters focused on audit planning, expenditure analysis, the performance audit of the Pradhan Mantri Awas Yojana – Urban (PMAY-U), and a compliance audit of welfare schemes managed by the Labor Department. It…

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Delhi HC fines ‘serial litigant’ for multiple construction pleas

NEW DELHI: On Thursday, the Delhi High Court imposed a fine of Rs 50,000 on a ‘serial litigant’ who had filed multiple petitions related to illegal construction in the national capital but failed to follow up on them. This decision was made by Justice Mini Pushkarna while reviewing the fifth writ petition from the same litigant concerning illegal construction in the RK Puram area. The judge noted a pattern of filing without follow-through. In an order dated December 2, the court stated, “It is evident that the petitioner is a serial litigant and has submitted a number of writ petitions…

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Lucknow civic body to monitor tax for all properties

LUCKNOW: Following directions from the state government, the Lucknow Municipal Corporation plans to implement a new Property Tax Management System (PTMS) to oversee property tax assessments, collections, and outstanding payments for all residential and commercial properties in the city. This initiative is part of a comprehensive reform of the property tax system led by the state’s urban development department. The current property tax software utilized by LMC will be replaced by PTMS, which will create a detailed digital record of every residential and non-residential property within municipal boundaries. Additionally, the system will be integrated with the Smart City Command and…

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ED Raid at Models Group; Members Granted Anticipatory Bail

PANAJI: The Merces court has granted interim anticipatory bail to Natalina Vaz and her children, Nathan and Danira Vaz, involved in a land-grabbing case under investigation by the ED. Senior advocate S. Kantak, alongside advocate P. Talaulikar, informed the court that the FIR was filed around 15 years ago, and at that time, the accused had no connections to the construction company nor were they named in the FIR. They argued that the matter is solely a civil dispute and highlighted that they fully cooperated by providing all requested documentation to the ED. The complaint alleges that in 2004, Fr.…