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.

Latest StoriesRegulatory

Kanpur to Implement Uniform Mutation Fee Starting March 1

KANPUR: The Kanpur Municipal Corporation (KMC) working committee has approved a new mutation fee. Starting March 1, citizens will only need to pay Rs 6,500 for mutation. This decision comes after a 63-day deliberation process, culminating in the committee’s approval, which favors the public. Previously, KMC regulations required citizens to pay 1% of the property’s total value based on the DM’s circle rate. During a meeting on December 26, 2025, KMC officials discussed the proposal, allowing citizens to voice any objections within a 45-day window. Only two individuals raised concerns, advocating for reduced fees for economically weaker section (EWS) homes.…

Latest StoriesRegulatory

ED Seizes ₹14 Crore in Sai Surya Developers Fraud Case

HYDERABAD: The Enforcement Directorate (ED) in Hyderabad has provisionally attached assets worth ₹14 crore under the Prevention of Money Laundering Act. This action is part of an investigation into Sai Surya Developers and others, who are accused of defrauding numerous depositors by falsely claiming to sell plots in various real estate projects. The assets seized include land owned by Sai Surya Developers. The ED commenced its investigation based on multiple FIRs filed by the Telangana police against Sathish Chandra Gupta, the proprietor of Sai Surya Developers, among others. According to the police’s chargesheet, Gupta allegedly received payments from several victims…

Latest StoriesRegulatory

CEO of Vipul Arrested for ₹6 Crore Fraud in Gurugram

GURUGRAM: A CEO of a real estate firm has been arrested for allegedly swindling several lawyers out of Rs 6 crore under the guise of investing their money in a high-return project, according to police reports on Sunday. The accused, Puneet Beriwala (62), CEO of Vipul Limited and a resident of Gurugram’s Sector 42, was detained on Friday. A local court has since placed him in police custody for two days. In a complaint lodged on October 1 last year, a group of lawyers claimed they invested Rs 6 crore in Vipul Limited in 2024, lured by Beriwala’s promise of…

Latest StoriesRegulatory

NBCC to Seek Supreme Court RERA Exemption for 11 Supertech Projects

NEW DELHI: State-owned NBCC is preparing to approach the Supreme Court for an exemption from RERA registration, as 11 out of the 16 Supertech projects it is required to manage will need additional funding, according to sources familiar with the situation. The Supreme Court recently upheld an NCLAT ruling requiring NBCC to complete 16 housing projects managed by the financially troubled Supertech Limited. However, upon review, NBCC identified that funds would need to be reallocated to finish these projects, which is not permitted under RERA regulations. “The NCLT lacks the authority to grant RERA exemptions, which are crucial for delivering…

Latest StoriesRegulatory

Bombay HC Orders Developer to Withdraw Anticipatory Bail Plea

MUMBAI: The Bombay High Court has admonished a developer for approaching it while his anticipatory bail application was still under consideration at the Dindoshi Sessions Court, emphasizing that he should seek relief from the appropriate forum first. The court instructed the accused to promptly withdraw his anticipatory bail petition from the High Court and to pursue options available in the Sessions Court. Justice N.R. Borkar was hearing the bail plea from Housecon developer Mansukh Shah, who, along with his son Akash Shah, has been charged by the Economic Offences Wing (EOW). They allegedly induced a businessman to invest ₹5.15 crore…

Latest StoriesRegulatory

HC Orders Reinspection of Stormwater Drains near Apartments

BENGALURU: The high court has instructed the Bruhat Bengaluru Mahanagara Palike (BBMP), now known as the GBA, to reassess lands in Gubbalala village, Bengaluru South taluk, where two apartment complexes are located. This comes after a government-commissioned expert committee reported encroachments into stormwater drains. In his ruling, Justice R Nataraj stated that if the petitioners suggest an alternative drain alignment, the GBA must review it to ensure the unobstructed flow of water into Subramanyapura Lake, while also considering the interests of adjacent landowners. The judge added that should the petitioners fail to submit an alignment proposal within 15 days from…

Latest StoriesRegulatory

Mangaluru Launches Campaign to Enhance Property Tax Collection

Representative AI image MANGALURU: The Mangaluru City Corporation (MCC) has initiated a campaign aimed at enhancing property tax collection to boost revenue. A campaign vehicle was launched recently to facilitate drives for collecting overdue payments. MCC Commissioner Ravichandra Naik announced that the Self-Assessment Scheme (SAS) property tax will experience a 3% increase in accordance with government regulations. He urged residents to pay their property taxes punctually each year. The MCC raises property tax annually by 3% based on the market value set for 2023-24. For the fiscal year 2025-26, as directed by the administrator and Deputy Commissioner Darshan HV, this…

Latest StoriesRegulatory

Navi Mumbai collects ₹650 crore in property tax; 62% paid online

Representative AI image NAVI MUMBAI: The Navi Mumbai Municipal Corporation (NMMC) has collected ₹650 crore in property taxes so far this financial year, with a marked increase in digital payments. The tax was paid by 182,894 out of 360,000 property owners, with 62% opting for digital methods, totaling ₹383 crore, while the remaining 38% paid ₹267 crore offline. NMMC facilitated payments via UPI, QR codes, debit/credit cards, net banking, NEFT/RTGS, and IMPS. In its effort to achieve a target of ₹1,000 crore by March 31, NMMC has issued notices and seized properties from several defaulters. While some taxpayers reported issues…

Latest StoriesRegulatory

Morbi Ceramics Face ₹122 Crore Fine After NGTC Ruling

Here’s a rewritten version of the content: AHMEDABAD: The National Green Tribunal (West Zone) has dismissed appeals from 337 ceramic units in the Morbi and Wankaner region concerning the payment of ₹122.05 crore for environmental damage compensation (EDC) related to the use of banned coal gasifiers. The Gujarat Pollution Control Board (GPCB) had prohibited the use of coal gasifiers following Supreme Court scrutiny. Ceramic units were allowed to operate under the condition that they switch to PNG. A committee report in 2024 assessed environmental damage at ₹122.05 crore, proposing an equitable distribution of the amount among the affected industries. In…

Latest StoriesRegulatory

FIR Against 6 Directors in ₹5 Crore Gurugram Real Estate Fraud

GURUGRAM: An FIR has been filed against six directors of two real estate companies for fraud and criminal conspiracy. According to police, a resident of Sector 54 alleged that she was swindled out of ₹5 crore regarding a commercial project in Sector 57. The case has been registered under IPC sections 120B (criminal conspiracy) and 420 (cheating) at Sector 56 police station. The accused include Sanjay Gupta, Deepak Gupta, and Akshat Gupta, directors of Ameya Commercial Projects, as well as Anjali Gupta, Ekta Gupta, and Varuni Gupta, directors of Anek Estates and Ventures. Complainant Mridula Kumari claimed she was misled…