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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Nagpur Civic Body Gathers ₹89 Crore in Q1 FY26 Tax

NAGPUR: In the first quarter of the 2025–26 financial year, approximately 22.98% of the 8.36 lakh property owners in Nagpur took advantage of the rebate scheme introduced by the Nagpur Municipal Corporation (NMC). This scheme offers a 15% rebate for online payments and 10% for offline payments. From April 1 to June 30, a total of 1,92,324 taxpayers contributed Rs 88.85 crore in property tax. Among these, 96,993 property owners utilized online platforms—including the NMC website, the My Nagpur mobile app, and a WhatsApp chatbot—contributing Rs 49.92 crore. The remaining 95,331 taxpayers paid Rs 35.97 crore at zonal offices and…

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Ranchi collects record ₹39 crore in property tax in Q1 FY26

RANCHI: The Ranchi Municipal Corporation (RMC) achieved a record property tax collection of Rs 39.33 crore in the first quarter (April to June) of the 2025-26 fiscal year, serving 81,320 taxpayers, according to official data. The surge in collections is attributed to several factors, including a tiered rebate scheme, increased digital engagement, extended door-to-door collection, and payment facilitation centers. Taxpayers could avail a 10% rebate on lump-sum payments until June 30, with previous slabs in April and May offering rebates of 3%, 5%, and 7%. Of the total, Rs 20.27 crore was gathered through door-to-door efforts involving over 53,500 taxpayers.…

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Pimpri Chinchwad Q1 FY26 Property Tax Collection Hits ₹522 Crore

PUNE: The Pimpri Chinchwad Municipal Corporation (PCMC) has set a record in property tax collection during the first quarter of the 2025-26 financial year. This accomplishment is largely attributed to the effective utilization of data from its “City Hub for Data Communication” (CHDC) project. In just 90 days, the PCMC collected ₹522 crore in property tax, surpassing 50% of the total tax revenue collected in the previous fiscal year. Last year, the civic body achieved the ₹500-crore milestone only by October. This strong start positions the PCMC to aim for an unprecedented annual collection. During the 2024-25 financial year, the…

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Sudhanshu Infrastructure Faces Legal Action in Bhandup Case

MUMBAI: In a significant move against unauthorized construction and violations of urban planning regulations, the Slum Rehabilitation Authority (SRA) has filed a complaint with Bhandup police against Sudhanshu Infrastructure Pvt. Ltd. and its representatives, including Abhayjit Dubey, for alleged illegal structural alterations and unauthorized occupancy of Aniraj Tower in Bhandup (West), Mumbai. According to Laxmikant Manekar, Assistant Engineer at the SRA, the developer improperly constructed a hall instead of a permitted shop on the 8th floor without the necessary approvals under the Maharashtra Regional and Town Planning (MRTP) Act, 1966. This construction violates the approved building plan. Moreover, the developer…

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SC Approves M3M Group’s Request to Substitute Attached Property

Supreme Court NEW DELHI: The Supreme Court has granted M3M Group’s request to substitute a property initially attached by the Enforcement Directorate under the Prevention of Money Laundering Act, 2002. A bench consisting of Justices P S Narasimha and R Mahadevan ruled that the property substitution is contingent upon nine conditions recommended by the ED. The bench stated, “We have heard Dr. Abhishek Manu Singhvi, senior counsel for the petitioner, and have considered the matter thoroughly. The petitioners, M/s. M3M India Pvt. Ltd. and M/s. M3M India Infrastructure Pvt. Ltd., have submitted an affidavit agreeing to the stipulations. While we…

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NGT Notifies Delhi Jal Board for Illegal Borewells

NEW DELHI: The National Green Tribunal (NGT) has issued a notice to the Delhi Jal Board (DJB) following allegations that private builders have illegally installed borewells and are extracting groundwater without authorization. Arun Kumar Tomar, the petitioning individual, asserted that he had brought this issue to the attention of the DJB chairman on January 20, but no subsequent actions were taken. Tomar accused 19 private builders of digging illegal borewells throughout Delhi. The NGT bench, headed by Justice Prakash Shrivastava, acknowledged that the claims necessitate verification through a site inspection by the DJB. The bench also emphasized that the appropriate…

Latest StoriesRegulatory

Four Gurgaon Builders Fined for Illegal Groundwater Use

GURUGRAM: The Haryana Water Resources Authority (HWRA) has imposed a fine of ₹5 crore on four real estate developers in Gurugram for unauthorized groundwater extraction, following a directive from the National Green Tribunal (NGT). According to an inquiry report by HWRA chairperson Keshni Anand Arora submitted to the NGT, borewells and sump wells at multiple project sites in sectors 102, 103, and 37D have been sealed. The case originates from a petition filed with the NGT in 2023 regarding groundwater violations in the region. A joint committee’s report confirming these violations was submitted in November 2023. “We have imposed a…