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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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…

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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…

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HC Affirms Ghaziabad Property Tax Hike as Lawful

GHAZIABAD: The Allahabad High Court has declined to interfere with the Ghaziabad Municipal Corporation’s (GMC) decision to increase property tax. This ruling comes as a setback for residents, whose tax bills have surged by three to four times due to the revision. On Wednesday, a bench consisting of Chief Justice Arun Bhansali and Justice Kshitij Shailendra rejected a petition from three former GMC councillors, affirming that the corporation’s approach to setting minimum monthly rent rates (MMRR) and adjusting property tax accordingly was legally justified. The court stated, “We find no error in the determination of ‘MMRR’ nor any illegality in…

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ED Seizes Anil Ambani’s ‘Abode’ Valued at ₹3,716 Crore

File photo NEW DELHI: The Enforcement Directorate (ED) announced on Wednesday the attachment of Anil Ambani’s Mumbai residence, ‘Abode’, valued at ₹3,716 crore, under the anti-money laundering law. This action precedes Ambani’s anticipated second round of questioning by the agency on Thursday in connection with the alleged bank loan fraud involving Reliance Communications (RCOM). The lavish residence, standing at 66 meters with 17 floors, is situated in Mumbai’s Pali Hill area. The ED has issued a provisional order for the asset attachment under the Prevention of Money Laundering Act (PMLA), citing connections to alleged fraud related to RCOM. The agency…

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CAG Highlights Issues in PMAY-Gramin Bihar Implementation

PATNA: The Comptroller and Auditor General (CAG) of India has raised concerns about irregularities in the implementation of the PMAY-G scheme in Bihar. Allegations include the sanctioning of pucca houses to minors and geo-tagging of houses located in Delhi and Jharkhand. The findings were presented in the state Assembly on Thursday. According to the report, “During the audit of sampled districts, instances were found where houses were sanctioned to ineligible beneficiaries. The PMAY-G does not allow the registration of houses to minors unless specific conditions are met. In September 2017, the central government clarified that if both beneficiaries (husband and…

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ED Seizes ₹598 Crore in Assets from Ansal Properties Case

Sure! Here’s a rewritten version of the content: NEW DELHI: The Enforcement Directorate (ED) announced on Wednesday the attachment of land valued at Rs 598 crore in Agra, Uttar Pradesh, part of an investigation into money laundering involving Ansal Properties and Infrastructure Ltd. (APIL). The inquiry is focused on significant irregularities related to the acquisition and release of land in Gurugram’s sectors 58-63 and 65-67. The ED stated that it has issued a provisional order under the Prevention of Money Laundering Act (PMLA) to seize land in Agra amounting to over Rs 598 crore. The properties are registered under various…

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Navi Mumbai Civic Body Gathers ₹650 Crore in Property Tax FY26

THANE: The Navi Mumbai Municipal Corporation (NMMC) has reported property tax collections of ₹650 crore so far in this financial year, with a notable increase in digital payments, officials announced on Wednesday. A total of 1,82,894 taxpayers have settled their property tax, with 62% (₹383 crore) paid through digital methods. The remaining 38% (₹267 crore) was paid offline, according to a statement from the civic authority. The release emphasized, “With the introduction of safe and transparent online payment options, more citizens are choosing to pay their taxes from home.” The NMMC has intensified measures against defaulters who have not cleared…

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CAG Flags Major Lapses in Ghaziabad Development Over 5 Years

GHAZIABAD: The Comptroller and Auditor General (CAG) has released a comprehensive 446-page audit report on the Ghaziabad Development Authority (GDA), identifying significant operational deficiencies from 2017 to 2022. These include planning violations, inadequate enforcement, and shortcomings in housing and financial management. One notable finding pertains to the Master Plan 2021. The CAG highlighted that the GDA “implemented Master Plan 2021 without obtaining approval from the NCR Planning Board,” which is meant to oversee regional planning. The audit raised concerns about the preparation and adherence to the plan, noting that instead of a unified document, GDA produced separate plans for Ghaziabad…

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NCLAT Hands Over Supertech Projects to AoAs for Maintenance

NOIDA: The National Company Law Appellate Tribunal (NCLAT) has instructed that day-to-day maintenance of two Supertech housing projects—Ecociti (Sector 137) and 34 Pavilion (Sector 34)—be transferred to their registered apartment owners’ associations (AOAs) within 30 days. This decision empowers residents to manage essential services and maintenance through their elected representatives after enduring years of external management. A bench led by chairperson Ashok Bhushan and member (technical) Barun Mitra directed YG Estates Facilities Management Pvt Ltd, the respondent, to complete the transfer under the supervision of the interim resolution professional (IRP), as Supertech Ltd is currently in insolvency proceedings. In the…

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FIR Filed Against Seller, Buyer for Illegal Land Sale in Dehradun

DEHRADUN: The Dehradun district administration has filed an FIR against a seller and a buyer for allegedly engaging in the illegal sale and purchase of court-prohibited land in the district. According to officials, the case involves seller Sikandar Singh, a Rajpur resident, and buyer Kharati Lal Kukkad from Zirakpur, Punjab. They are accused of selling a 0.76-hectare plot in Aamwala Tarla in October 2025 using forged documentation. Officials noted that a complaint presented to the administration indicated that the land was under a ban imposed by the RM Lodha Committee of the high court but was still registered by hiding…