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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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…

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Delhi: MCD Seals Keshavpuram Properties Over ₹1.33 Crore Tax Dues

NEW DELHI: On Wednesday, the Municipal Corporation of Delhi sealed two commercial properties in the Keshavpuram zone due to alleged non-payment of property tax dues exceeding ₹1.33 crore, according to an official statement. This action is part of the civic body’s ongoing initiative against property tax defaulters. The properties, situated in Paschim Vihar and the GT Karnal Industrial Area, reportedly had substantial outstanding property tax dues. Despite multiple opportunities provided by the MCD to settle the dues, the property owners did not comply, leading to the initiation of coercive action under the Delhi Municipal Corporation Act. Officials encouraged the property…

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Maharashtra Forms SIT to Investigate Land Issues in Sambhajinagar

CHHATRAPATI SAMBHAJINAGAR: The state government has established a Special Investigation Team (SIT) to conduct a thorough and unbiased inquiry into various significant land-related complaints in the Chhatrapati Sambhajinagar district. Led by the divisional commissioner of Chhatrapati Sambhajinagar, the SIT will scrutinize major land transactions that are surrounded by serious allegations. During the recent state budget session, concerns regarding alleged land misappropriation in gut number 30 at Brijwadi, near Chhatrapati Sambhajinagar, were raised. In response, Revenue Minister Chandrashekhar Bawankule assured that an SIT would be formed to investigate various land complaints in the district. An official release on Wednesday stated, “The…

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Uttarakhand HC Halts HRDA’s Plotting on Agricultural Land

DEHRADUN: On Wednesday, the Uttarakhand High Court instructed the Haridwar-Roorkee Development Authority (HRDA) to revoke its permission for plotting and group housing on agricultural and orchard land within a week. A division bench comprising Chief Justice Manoj Kumar Gupta and Justice Subhash Upadhyay was hearing a public interest litigation (PIL) alleging that the development authority was flouting previous High Court and Supreme Court rulings. They warned that non-compliance could lead to contempt proceedings. The PIL, filed in 2023 by Haridwar resident Atul Kumar Chauhan, referenced a High Court order from June 19, 2018, which prohibited such developments on agricultural and…