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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ED Seizes Assets Worth ₹200 Crore from Delhi’s TDI Infrastructure

NEW DELHI: The Enforcement Directorate (ED) announced on Friday that it has provisionally attached immovable assets valued at over Rs 200 crore belonging to Delhi-based real estate firm TDI Infrastructure Limited, as part of an ongoing money-laundering investigation related to alleged fraud against homebuyers. The assets in question consist of 8.3 acres of land and commercial units in Kamaspur, Sonipat, Haryana, owned by TDI Infrastructure Limited (previously known as Intime Promoters Private Limited) and its affiliated companies. The ED stated that these properties have been appraised at Rs 206.4 crore. The company was unavailable for immediate comment regarding the ED’s…

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Allahabad HC Dismisses GNIDA’s IT Firm Plot Review

NOIDA: The Allahabad High Court has rejected a review petition from the Greater Noida Industrial Development Authority (GNIDA) concerning a previous judgment that overturned the cancellation of an IT firm’s land allotment. The disputed 25-acre IT/ITES plot in Greater Noida’s Tech Zone II was initially allotted in October 2007 to a consortium headed by Anant Raj Industries and subsequently transferred to Elevator Properties via a lease deed on August 16, 2010. Notably, Elevator Properties Pvt Ltd is a subsidiary of Anant Raj Industries. On February 25, Justice Prakash Padia determined that the authority failed to produce any “error apparent on…

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Karnataka HC: Property Buyer Has Right to Khata Transfer

BENGALURU: A recent ruling by the high court confirms that an individual who acquires property through the asset reconstruction law has the right to request the transfer of its khata in their name. Justice Suraj Govindaraj emphasized that sales under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, along with the issuance of a certificate, carry a presumption of regularity. This decision comes in response to a petition by Nagabhushana, a resident of Hassan. Nagabhushana bought a flat located at P&T Colony, Sanjaynagar, Bengaluru, from SV Naresh, who was the successful bidder in an…

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SC directs CBI probe into DLF Gurugram housing project

NEW DELHI: The Supreme Court has instructed the Central Bureau of Investigation (CBI) to investigate issues pertaining to ‘The Primus’ residential project in New Gurgaon, developed by DLF Home Developers (DHDL), a wholly owned subsidiary of DLF, as stated in a BSE filing. According to the company, the inquiry stems from consumer complaints made by five allottees which were previously reviewed by the National Consumer Disputes Redressal Commission (NCDRC). The NCDRC issued its ruling on May 29, 2023. Both the complainants and DHDL filed appeals with the Supreme Court contesting the NCDRC’s decision. In a temporary ruling dated February 25,…

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Hyderabad: Builder Accused of Cheating Buyers in ₹5 Crore Scam

Representative AI image HYDERABAD: The Central Crime Station (CCS) has filed a cheating case against a real estate firm and its promoters, accused of defrauding multiple buyers of over ₹5.6 crore in a pre-launch project in Tellapur. The complainant, Vinod Sadak, a 47-year-old private employee from Kothapet, stated that he paid ₹77 lakh for a 2,200 sq ft flat in a proposed gated community, but has yet to receive the flat or a refund. Vinod discovered the project, named ‘Tripura Nirvana’, in November 2022, which the company advertised as a residential high-rise with over 1,000 flats across 12 acres, featuring…

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Consumer Commission Orders Aditya Builders to Finalize Sale Deed

PANAJI: The North Goa District Consumer Dispute Redressal Commission has instructed a construction firm to execute a deed of sale within two months for a flat bought by a couple from Margao in 2004, for which they paid the full price. If the construction firm fails to adhere to this order within the specified timeframe, the consumers have the right to get the sale executed through the commission. According to the law, the firm was obliged to register the sale deed within 18 months after the building’s construction, but it did not do so. This prompted the complainants, Santosh Joshi…

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Credai Challenges Pallikaranai Construction Ban in Madras HC

CHENNAI: The Confederation of Real Estate Developers’ Associations of India (Credai) has approached the Madras High Court to challenge a National Green Tribunal (NGT) ruling that bans construction activities within a 1km radius of the Pallikaranai marshland. This ban will remain until a comprehensive scientific study is conducted to identify the wetland’s zone of influence. The first bench, including Chief Justice Manindra Mohan Shrivastava and Justice G. Arul Murugan, has admitted the plea and instructed the Chennai Metropolitan Development Authority (CMDA) and the state forest department to respond within four weeks. According to the petitioner, the NGT prohibited approvals or…

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SC Issues Notice on Ramodaya Housing Project in Mormugao

PANAJI: The Supreme Court has issued a notice to the town and country planning department and the Mormugao planning and development authority regarding a petition challenging the permissions granted for the Ramodaya Cooperative Housing Society project in Mormugao. The SC bench, consisting of Justices Vikram Nath and Sandeep Mehta, has directed all parties to maintain the status quo concerning the possession and construction of the disputed property. Swapnesh Sherlekar approached the SC after the Bombay High Court dismissed his petition last year, which contested the development permissions and alleged significant hill cutting for the project. Sherlekar is challenging the inaction…

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HC Urges Greater Noida Authority to Reinstate Cancelled Plot

NOIDA: The Allahabad High Court has reinstated a farmhouse plot valued at over Rs 100 crore to a firm, overturning a cancellation order issued nine years ago, effective immediately. A division bench comprising Justices Mahesh Chandra Tripathi and Kunal Ravi Singh ruled on Thursday to restore the 3.8 lakh sqm plot in Greater Noida to SDS Infratech, reversing the Greater Noida Authority’s 2017 cancellation order and instructing it to address the developer’s zero-period relief request within four months. The bench partially granted the writ petition, annulling the August 17, 2017 order that rescinded the April 25, 2011 plot allotment. This…

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SC Issues Notice to Goa Gov, Developer Over Siolim Villas

PANAJI: The Supreme Court has issued notices to the Goa government and a project developer regarding a special leave petition (SLP) that contests a Bombay High Court ruling, which dismissed a public interest litigation (PIL) against the construction of eight luxury villas with private swimming pools in Oxel, Siolim. The notices must be returned by April 13. Petitioner Suraj Chodankar raised concerns that the project lies within 34.5 meters of the Oxel spring—a 363-year-old perennial water source vital for residents. The High Court based its decision on a hydrogeological report from the Central Ground Water Board (CGWB), which indicated that…