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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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…

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EOW Arrests Builder in ₹116 Crore Chandigarh Smart City Scam

CHANDIGARH: The Economic Offences Wing (EOW) of the Chandigarh Police has arrested Vikram Wadhwa, 52, a realtor from Sector 33, in connection with a scam involving around Rs 116.84 crore linked to the Chandigarh Smart City project. The arrest took place on Saturday. Authorities indicated that Wadhwa was also wanted by Haryana Police in connection with the Rs 590 crore IDFC First Bank scam. On the same day, the UT EOW secured production warrants for three other suspects—Ribhav Rishi, Abhya Kumar, and Seema Dhiman—from Ambala jail for questioning. Following his arrest, Wadhwa was presented in court, where the police requested…

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Thane Offers 90% Penalty Relief for Property Tax Defaulters

THANE: The Thane Municipal Corporation (TMC) has launched a new scheme granting a 90% penalty relief for property tax defaulters to help settle outstanding tax amounts. According to Thane mayor Sharmila Pimplolkar, the decision followed consultations with Deputy Chief Minister Eknath Shinde and Municipal Commissioner Saurabh Rao, aimed at reducing the financial burden on defaulters. “Under this initiative, residential property owners who clear their pending taxes will only need to pay 10% of the penalty, while the remaining 90% will be waived,” an official stated. Currently, TMC faces Rs 308 crore in tax arrears, with Rs 191 crore expected from…

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Ludhiana body warns 43 owners over illegal constructions

Here’s a rewritten version of your content: Illustrative AI image LUDHIANA: The Greater Ludhiana Area Development Authority (GLADA) has initiated a crackdown on unauthorized constructions in the Shaheed Sukhdev Singh Nagar colony, issuing notices to 43 property owners for breaching approved building plans. Authorities report that this enforcement action follows an increase in complaints about illegal commercial developments in residential areas, especially along South City and Ayali Khurd roads. Residents have expressed concerns over rising traffic congestion and parking issues as residential properties are being converted into shops and medical facilities, such as Mahal Hospital, without government approval. Despite previous…

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Telangana HC suggests specialized tribunal for building disputes

HYDERABAD: The Telangana High Court has proposed that the state government consider setting up a specialized tribunal to handle building-related disputes. This measure aims to alleviate the increasing workload of such cases within the judiciary. A division bench led by Chief Justice Aparesh Kumar Singh and Justice GM Mohiuddin made this suggestion while reviewing an appeal regarding a building permit that was granted to a builder for a project in Kothapet back in October 2025. The appeal was submitted by residents Srinivas Yadav and DE Nagaraju after their previous petition to cancel the permit was dismissed by a single judge.…

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ED Names Valmark Realty Director in TDR Scam Involving Bengaluru Officials

BENGALURU: The Enforcement Directorate (ED) has filed a prosecution complaint in connection to a Transferable Development Rights (TDR) scam involving the director of Valmark Realty Holdings Private Ltd (VRHPL) along with 19 other accused, including former employees of the Bruhat Bengaluru Mahanagara Palike (BBMP). The investigation, initiated based on an FIR lodged by the Anti-Corruption Bureau (ACB) in 2019, claims that VRHPL’s director, Ratan Lath, acquired development right certificates (DRCs) and unlawfully sold TDRs to various real estate companies and individuals, netting illicit profits of approximately ₹27.7 crore. According to a press release from the ED, TDR brokers K Suresh,…

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Ulhasnagar’s UMC Offers 100% Property Tax Penalty Waiver

ULHASNAGAR: The Ulhasnagar Municipal Corporation (UMC) has initiated a special “Abhay Yojana” to alleviate the tax burden on citizens by waiving penalty charges on overdue property and water taxes for a limited time. This decision follows a request from MLA Kumar Ailani, who urged the civic body to introduce a relief scheme for residents struggling to meet their tax obligations. In response, Municipal Commissioner Manisha Awhale approved the scheme, which will be in effect from March 13 to March 16, 2026. During this period, citizens who settle their outstanding property and water tax dues in full will benefit from a…

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Magistrate Court to Hear ₹140 Crore Guruashish Fraud Case

MUMBAI: A special court has transferred the Rs 140 crore cheating and conspiracy case involving Guruashish Construction and its directors to the magistrate’s court. This decision comes after the CBI was unable to provide evidence implicating any public servants. Special judge B.Y. Phad stated, “Since no public servants are included as accused in the chargesheet, this special court lacks the necessary jurisdiction to proceed with the matter or acknowledge the IPC offences against private individuals independently, as none of them fall under the Prevention of Corruption Act.” The investigation into Guruashish Construction, along with Rakeshkumar Wadhwan, Sarang Wadhawan, and Housing…