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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Bengaluru’s civic bodies meet just 57.96% of property tax goal

BENGALURU: The tax collection landscape in Bengaluru reveals a stark contrast between the South and North regions. With only a few weeks remaining in the financial year, the city’s five corporations have collectively gathered just 57.96% of their property tax target for the fiscal year 2025-26, highlighting a significant gap between expectations and actual revenue. The South corporation has proven to be the strongest performer thus far. It has collected ₹745.33 crore against a goal of ₹1,228.85 crore, achieving 60.65%—the highest rate among all five corporations. They’ve steadily maintained this momentum leading up to the year’s end. Conversely, the North…

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NGT Steps In to Regulate Stone Crushers in Ropar’s Shivalik Hills

CHANDIGARH: In an effort to address violations of environmental regulations by stone crushers in the vulnerable Shivalik Hills, the National Green Tribunal (NGT) has instructed the Punjab Pollution Control Board (PPCB) to enforce compliance and recover compensation from polluting units in Ropar district. The bench, led by Justice Prakash Shrivastava and Dr. A Senthil Vel, delivered these orders while concluding a case regarding illegal mining activities in the Beet area of Garhshankar sub-division, where mining was conducted unchecked. According to a report from the PPCB, 13 stone crushers were identified as operating in breach of regulations and involved in illegal…

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Bengaluru Authority Auctions 7 Properties Over ₹437 Crore Tax Dues

BENGALURU: If you haven’t settled your property tax dues with the Greater Bengaluru Authority (GBA), be cautious—you might lose your unit in a public auction. In a significant move against defaulters, GBA auctioned off seven properties within the East and North City Corporation limits on Saturday to recover longstanding tax arrears. Despite numerous notices and recovery efforts by the former BBMP and the five new corporations under GBA, many property owners still fail to make tax payments. With tax dues reaching ₹437 crore across nearly 7,000 units in the city, authorities have decided to resort to property auctions as a…

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1,400 Illegal Properties to Be Demolished in Rajkot Drive

Representative AI image RAJKOT: A total of 1,489 illegal properties in Rajkot, Gujarat, are set to be demolished as civic authorities launched a major anti-encroachment campaign on Sunday, according to officials. Following instructions from Deputy Chief Minister Harsh Sanghavi, the Rajkot Municipal Corporation (RMC) initiated the demolition in the Jangleshwar area. The RMC, supported by police, will begin tearing down properties along the Aji River banks and on a municipal town planning road in Jangleshwar, as stated by Municipal Commissioner Tushar Sumera. The civic body commenced the process of vacating residents on Saturday, he added. Over 1,200 municipal officials and…

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NCLAT Orders Insolvency Withdrawal for Mahagun Settlement

NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) has ordered the withdrawal of insolvency proceedings against Mahagun Realty after the company reached a settlement with its financial creditor. A two-member bench of NCLAT acknowledged the settlement agreement between Mahagun (India) and IDBI Trusteeship, dated February 12, 2026. A request was submitted by the financial creditor to the NCLAT to retract the insolvency proceedings against Mahagun. “During the pending matter before this Adjudicating Authority, the parties have entered into a settlement agreement dated 12.02.2026. The Applicant/Financial Creditor wishes to withdraw IB-112(ND)/2025,” stated the NCLAT in its order. The NCLAT subsequently…

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Directors of Shah Housecon Charged with ₹5 Crore Cheating

MUMBAI: Two directors of a real estate company have been charged with cheating a developer of approximately ₹5 crore under the guise of investment in a Slum Rehabilitation Authority (SRA) project in Malad, as reported by a police official on Friday. A representative from the Kasturba Marg police station stated that a case has been filed against Mansukh Shah and Akash Mansukh Shah, directors of Shah Housecon Private Limited. The case has since been handed over to the Economic Offences Wing (EOW) for further investigation. Real estate developer Nilesh Narendra Raghani lodged a complaint claiming he was introduced to the…

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Ex-Jaypee Infratech MD Surrenders at Tihar Jail, Delhi

NEW DELHI: Manoj Gaur, the former Managing Director of Jaypee Infratech, surrendered to the authorities at Tihar Jail following a Delhi court’s decision to deny his regular bail application in a money laundering case linked to alleged fraud against homebuyers, which is being investigated by the ED. According to officials, Gaur, who had previously received interim bail, surrendered on Thursday and is now incarcerated in Tihar Jail. Jaiprakash Power Ventures Ltd also announced on Friday that Gaur, who serves as a non-executive director and chairman of the company, has “surrendered before judicial authorities upon expiration of the term of his…

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Goa Sand Mining Ban Extended by NGT Until April 23

PANAJI: The National Green Tribunal (NGT) has extended its interim relief on the ban of sand mining in Goa until the next hearing scheduled for April 23. This ban was originally imposed until January 28 after the Goa river sand protection network contested the twelve environmental clearances granted by state authorities for sand mining activities. During the January 28 hearing, the NGT ordered a penalty of Rs 50,000 on the Goa Coastal Zone Management Authority (GCZMA) due to delays in submitting their response. The GCZMA subsequently sought a modification or recall of this order. In its intervention application, the GCZMA…

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Over 350 Land Lease Violations Found in Pune and Haveli

PUNE: The city of Pune and Haveli taluka have reported the highest instances of violations concerning long-term government land leases, leading the district administration to send notices to the non-compliant institutions, officials stated on Wednesday. Types of land lease violations include failure to renew leases, unauthorized use of land, occupation beyond approved limits, illegal constructions, sub-letting for profit, not utilizing land within the required timeframe, and deviations from authorized plans. A comprehensive survey conducted across the Pune district last year examined all 2,161 government land parcels under lease. Inspections revealed 355 violations, predominantly in Pune city and Haveli taluka, according…

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Tribunal Suspends MahaRERA Chairperson’s Order

MUMBAI: The Maharashtra Real Estate Appellate Tribunal (MREAT) has temporarily halted the MahaRERA chairperson’s order from September 2025 regarding a complaint from a flat buyer concerning the failure of promoters to deliver possession of a property in Mulund. The tribunal noted that the issuance of two variations of the order on September 9 and 10, 2025, both digitally signed by the chairperson, necessitates a thorough investigation by the authority. Following an appeal against MahaRERA chairperson Manoj Saunik’s order dated September 10, 2025, which revoked two previous orders made by the MahaRERA adjudicating officer, the tribunal stated that while MahaRERA possesses…