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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Bombay HC: PILs on Bhutani project in Sancoale unfounded

PANAJI: The Bombay High Court has dismissed public interest litigations (PILs) questioning the permissions for Bhutani’s Acqua Eden project in Sancoale. The judges, Justices Bharati Dangre and Nivedita P Mehta, ruled that the technical objections raised were “unfounded and not substantiated by any concrete material.” While the court acknowledged the PILs were entertained in the interest of the public, it found no merit in the objections against the project. The court observed there were no discrepancies in the slope level computations and noted that the Secretary of the Mormugao Planning and Development Authority verified the use of advanced systems for…

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Chandigarh: Builder must refund ₹12 lakh to plot buyers, says panel

CHANDIGARH: The district consumer disputes redressal commission has mandated a real estate developer in New Chandigarh to refund ₹12.63 lakh to two homebuyers, alongside a 9% annual interest due to deficiency in service. Additionally, the commission awarded ₹50,000 for mental agony and legal expenses. In a complaint lodged by Manveet Singh Johar and Simran Arora, residents of Sector 50-B, Chandigarh, the homebuyers detailed their booking of a 150 sq yard residential plot in January 2015 within a project in New Chandigarh. They reported having paid 30% of the basic sale price, totaling ₹12,63,834, via receipts from January and March 2015.…

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Landlords Face Legal Action for Tenants’ Criminal Involvement: Lucknow Police

Representative AI image LUCKNOW: On Friday, the Lucknow Police announced that landlords could face legal action if a tenant involved in any criminal activity is found on their property without the landlord having provided or updated the tenant’s details. This warning is a part of “Operation Pehchaan,” a tenant-verification initiative aimed at preventing criminals from concealing themselves in rental properties due to the increase in migration to the state capital. With Lucknow’s rapid growth in trade, education, and employment opportunities, thousands move to the city annually, prompting police to enhance surveillance efforts. To simplify tenant registration, the police have introduced…

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ED Seizes Vatika Property Worth ₹108 Crore in Gurugram Case

GURUGRAM: The Gurugram zonal office of the Enforcement Directorate has attached a property valued at approximately ₹108 crore linked to a builder-investor case. Officials report that Vatika Limited is under scrutiny for allegedly defrauding investors by failing to complete projects and not fulfilling promised returns. The 1.35-acre commercial plot was seized under the Prevention of Money Laundering Act (PMLA). The ongoing investigation is based on multiple FIRs filed with the Economic Offences Wing of the Delhi Police in 2021, where the company and its promoters, Anil Bhalla and Gautam Bhalla, face accusations of fraud, criminal conspiracy, and misleading investors. Investigation…

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ED Seizes ₹50 Lakh Cash Over IBC Misuse in Land Sale Case

NEW DELHI: On Friday, the Enforcement Directorate revealed an incident involving the misuse of the Insolvency and Bankruptcy Code (IBC) in the land sale of an insolvent real estate firm. During recent raids, Rs 50 lakh in cash was confiscated from a lawyer at the NCLT and another individual. The federal agency stated it conducted searches on Thursday in Delhi and Gurugram as part of an investigation into Universal Build Well Pvt. Ltd. and its promoters, concerning unfinished real estate projects and alleged fraud against homebuyers and investors. The company was in a corporate insolvency resolution process. The National Company…

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SC upholds Centre’s Aravali Hills definition, bans new mining leases

NEW DELHI: In a significant ruling to protect the world’s oldest mountain systems, the Supreme Court has adopted a uniform definition for the Aravali Hills and Ranges, prohibiting new mining leases in these areas across Delhi, Haryana, Rajasthan, and Gujarat until expert reports are finalized. On Thursday, Chief Justice B R Gavai, in the court’s ruling, endorsed the recommendations from a committee under the Ministry of Environment, Forest and Climate Change (MoEF&CC) aimed at safeguarding the Aravali Hills and Ranges. The term “Aravali Hill” will refer to any elevated landform within designated Aravali districts that stands at least 100 meters…

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Karnataka HC Supports ED’s Seizure of Kingfisher Tower Flat

Certainly! Here’s a rewritten version of the content: — MUMBAI: The Karnataka High Court has affirmed the Enforcement Directorate (ED) Mumbai unit’s seizure of a flat in Kingfisher Towers, Bengaluru, associated with Vijay Mallya, the promoter of the now-defunct Kingfisher Airlines, in relation to a money laundering investigation. This property was part of a project developed by United Breweries (Holdings) Ltd (UBHL) and Prestige Estate Projects. Rajendrakumar Jain, a businessman, reported that he paid Rs 18.4 crore in 2011 for an 8,321 square foot apartment, stating that UBHL had consented to sell it. In 2015, the CBI charged Mallya and…

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Nagpur: Mhada Alleges ₹1.39 Crore Fraud by Private Firm Director

NAGPUR: The Sitabuldi police have initiated a cheating case against Bhupendra Chandrikapure, the director of a private firm engaged by the Maharashtra Housing and Area Development Authority (Mhada) in October 2022 for selling unsold flats built under its schemes. The complaint, lodged by the deputy chief officer of the Nagpur Housing and Area Development Board, claims that Chandrikapure had no authorization to directly collect money from buyers. Nonetheless, between October 2022 and July 2025, he allegedly gathered significant sums from 44 beneficiaries by promising flats and home loans and charging additional fees for electricity connections and other amenities. The victims…

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SC Criticizes SEBI’s Double Standards in Indiabulls Probe

NEW DELHI: The Supreme Court has expressed concerns over the CBI and SEBI’s “reluctance” to investigate allegations of questionable transactions involving Indiabulls Housing Finance Limited (IHFL), now rebranded as Sammaan Capital Limited. The court ordered the CBI director to convene a meeting with SEBI, SFIO, and ED to address the matter. A bench including Justices Surya Kant, Ujjal Bhuyan, and N. Kotiswar Singh criticized the Ministry of Corporate Affairs (MCA) for its handling of multiple offenses committed by IHFL, citing “double standards” in SEBI’s regulatory actions. The court questioned the delay in filing a First Information Report (FIR) and emphasized…

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Odisha HC Orders Shantipalli Basti Residents to Vacate for Project

BHUBANESWAR: The Orissa High Court has ordered the residents of Shantipalli Basti in Bhubaneswar to vacate their homes and relocate to designated temporary accommodations. This move is aimed at facilitating the completion of the Shantipalli Awas Yojana, a significant in-situ slum redevelopment initiative under the Pradhan Mantri Awas Yojana (Urban). Justice Sanjeeb K Panigrahi delivered this ruling in response to several petitions from beneficiaries of the project. He upheld the legal transfer of land to the Bhubaneswar Development Authority (BDA) and validated the State Level Sanctioning and Monitoring Committee’s decision to set the beneficiary contribution at Rs 1.5 lakh per…