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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Ahmedabad Developers Allegedly Cheated 95 Buyers of ₹35 Crore

AHMEDABAD: On Wednesday, the Detection of Crime Branch (DCB) lodged a complaint involving significant fraud and breach of trust related to a housing project in Chharodi village. It is alleged that 95 buyers were swindled out of approximately ₹35 crore by the developers and their accomplices. The complainant claimed that the developers initiated the project without the necessary RERA registration or NA permissions, collected funds, and subsequently sold off the land. This complaint was filed on December 17 by a 35-year-old software engineer employed in GIFT City, who intended to purchase a 2BHK flat for his family near Vaishnodevi. According…

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Court Denies ARC’s Request for DSK Property Auction

MUMBAI: A special Prevention of Money Laundering Act (PMLA) court has denied a request from Encore Asset Reconstruction Company Pvt Ltd (ARC), a secured creditor, to release and auction properties tied to the Deepak Sakharam Kulkarni (DSK) group case. The judge highlighted that the properties in question were not only seized by the Enforcement Directorate (ED) under the PMLA but were also under the state’s attachment pursuant to the Maharashtra Protection of Interest of Depositors (MPID) Act. Judge R B Rote remarked, “Considering the circumstances, the applicant cannot vacate the attachment on mortgaged properties nor proceed with the auction. This…

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AP HC requests government response on Vizag IT park land grant

VIJAYAWADA: The Andhra Pradesh High Court has instructed the state government to submit a counter affidavit detailing the applications received for land allotment intended for the development of an IT park in Visakhapatnam, along with the policy framework guiding such allotments. However, the court chose not to grant an injunction on the allotment process involving Raheja Corporation Limited. The order was issued in response to a Public Interest Litigation (PIL) filed by G Srinivasa Rao of the Society for Protection of Constitutional Rights, aiming to challenge the allotment of 27.1 acres at Madhurawada IT Hill-3 under the AP Land Incentive…

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SC Limits Activity on 100 Acres of Disputed Shamshabad Land

HYDERABAD: The Supreme Court has instructed private parties claiming a significant 100-acre disputed parcel in Shamshabad and Paigah village, allegedly owned by HMDA, to halt any construction or transfer of property until their appeal is resolved in the Telangana high court. The division bench, comprising Justices MM Sundresh and Satish Chandra Sharma, was reviewing a petition from Mohammad Taher Khan, who claims ownership of the land based on specific survey numbers. HMDA (formerly HUDA) argued it had acquired approximately 180 acres in the 1990s, and that when objections arose over the increased compensation amounts, the Supreme Court mandated an enhancement…

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NGT Orders Gaursons Office Attachment, Criminal Action on MD

NOIDA: The National Green Tribunal (NGT) has expressed strong discontent regarding non-compliance with its previous orders, instructing the Ghaziabad district magistrate to initiate a warrant of attachment against Gaursons Promoters Private Limited’s headquarters and submit a compliance report within four weeks. The tribunal also mandated that a designated officer from the central or state government file a criminal complaint against the developer’s managing director under Section 30 of the NGT Act, which pertains to penalties for environmental non-compliance. The principal bench comprising judicial member Justice Arun Kumar Tyagi and expert member Dr. Afroz Ahmad issued these directions after reviewing a…

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BMC Uncooperative in SIT Probe of CRZ Maps Forgery, HC Told

MUMBAI: The Brihanmumbai Municipal Corporation (BMC) is hindering the inquiry into extensive land record tampering allegedly involving public officials who created numerous fraudulent city survey maps in Madh Island, according to the Special Investigation Team (SIT) during a hearing at the Bombay High Court on Tuesday. A bench comprising Justices A.S. Gadkari and R.R. Bhonsale examined the SIT’s findings and witness statements alleging bribery among civic officials, as highlighted by petitioners. The court queried the public prosecutor about the absence of action against the implicating BMC officers despite available prima facie evidence. The prosecutor indicated that inadequate cooperation from BMC…

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HC: Goa Government Lacks Accountability on Illegal Constructions

PANAJI: On Monday, the Bombay High Court criticized the Goa government for its lack of accountability while addressing a petition regarding the enforcement of demolition orders for structures on Birch by Romeo Lane. A division bench, consisting of Justices Sarang Kotwal and Ashish Chavan, posed critical inquiries that have been on the public’s mind since the tragic incident. “Given there was a demolition order, why was a trade license granted in the first place?” they questioned, noting that it was “very problematic” that the demolition order had remained pending for an extended period at the director of panchayats. They inquired…

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Lucknow: Yazdan Infrastructure Owner Among Four Charged with Fraud

LUCKNOW: The Hussainganj police have filed a fraud case against four individuals, including Fahad Yazdani, the owner of Yazdan Infrastructure, which previously attracted significant media attention. It is alleged that Yazdani and his associates defrauded two individuals out of several lakhs of rupees by falsely promising them apartments. The complaint was registered following directives from Additional DCP (Central) Jitendra Dubey. Victim Ramkaran Singh Bachchan, a resident of Tindwari Benda in Banda, reported that in 2017, he and his friend Rajbhavan Upadhyay sought to buy an apartment. They connected with Yazdani, who informed them about the Alaya Apartments project on Purana…

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ED Files Chargesheet Against Ansal Properties and Promoters

NEW DELHI: On Tuesday, the Enforcement Directorate filed a money laundering chargesheet against Ansal Properties and Infrastructure Ltd. (APIL), a real estate firm based in Gurugram, along with its directors Sushil Ansal, Pranav Ansal, and Gopal Ansal. The prosecution complaint was submitted to a special Prevention of Money Laundering Act (PMLA) court by the Gurugram zonal office of the federal agency, related to alleged environmental law violations, according to an ED statement. Individuals identified in the complaint include APIL as well as its directors and shareholders: Sushil, Pranav, and Gopal Ansal. The company and its promoters could not be reached…

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SC grants bail to ex-DHFL promoters in loan scam case

NEW DELHI: The Supreme Court has granted bail to former DHFL promoters Kapil Wadhawan and his brother Dheeraj, acknowledging that an undertrial should not be detained indefinitely in relation to a multi-crore bank loan scam. In a ruling on December 11, Justices J K Maheshwari and Vijay Bishnoi stated that prolonged incarceration without trial undermines Article 21, which safeguards the right to life and personal liberty. The court emphasized that under Indian law, “bail is the rule, and jail is the exception,” a principle fundamental to criminal jurisprudence. It added that pretrial imprisonment must not evolve into punitive action without…