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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NCLT Forms Committee to Address Jaypee Infratech Complaints

NEW DELHI: The National Company Law Tribunal (NCLT) in Delhi has mandated the establishment of an independent expert committee to address the complaints of allottees involved in Jaypee Infratech projects, now under Suraksha Realty’s development. This ruling was issued on February 12, 2026. In a submission by advocates Ashwarya Sinha and Aditya Malhotra representing homebuyers, concerns were raised about excessive delays, unclear construction schedules, and unfair financial demands on buyers. The approved resolution plan included an independent monitoring committee (IMC), which was subsequently disbanded in May 2024 without notifying stakeholders. Following a review of all arguments, the court decreed that…

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Bombay HC: Co-op Societies Can’t Resolve Flat Succession Disputes

MUMBAI: The Bombay High Court criticized the divisional joint registrar of cooperative societies (Mumbai) for overturning an order that granted a man membership in a Peddar Road housing society. On February 9, Justice Amit Borkar stated that the authority under the Maharashtra Co-operative Societies Act is responsible for membership regulation, clarifying that it is not a civil court dealing with inheritance disputes. “The revisional authority exceeded its jurisdiction by reversing the membership order based on grounds outside the limited scope of such proceedings,” he remarked. In 1974, Pravinkumar Dave’s father nominated him as a minor for a flat and garage…

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NCLAT to Review ₹919 Crore Bid for Hotel Horizon by Oberoi

NEW DELHI: The Insolvency Appellate Tribunal (NCLAT) will review an appeal against an NCLT decision that sanctioned a ₹919 crore bid from an Oberoi Realty-led consortium for Hotel Horizon. A two-member bench of the NCLAT, based in Delhi, has accepted the appeal and ordered that no equity should be granted to the successful resolution applicants. Previously, on January 29, the Mumbai bench of the National Company Law Tribunal (NCLT) approved the resolution plan submitted by a consortium consisting of Oberoi Realty, Shree Aman Developers, and JM Financial Properties and Holdings. Hotel Horizon features a strategically positioned land parcel of approximately…

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Slum Authority Faces Claims of Irregularities in Dharavi Project

MUMBAI: The Slum Rehabilitation Authority (SRA) has initiated an investigation led by the deputy collector (Encroachments) following allegations that demolished huts are being rebuilt and that new occupants are being declared eligible for free housing under the Dharavi Redevelopment Project (DRP). Activist Baburao Mane, a founder-member of Manohar Joshi College, informed the SRA that occupants have moved back into partially demolished huts, some of which don’t appear on survey maps. He pointed out instances where structures, including a temple labeled as a hut and a staircase recently fitted with a door, are being falsely classified as eligible for free housing.…

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ED summons Jaypee Infratech homebuyers in money laundering case

NOIDA: The Enforcement Directorate (ED) has summoned homebuyers of Jaypee Infratech Ltd (JIL) as part of an ongoing money laundering investigation regarding the alleged misallocation of funds within the company’s insolvency resolution plan. Summons were issued by the Delhi-II Zonal Office of the ED, directing affected homebuyers to appear before the agency and provide updates on their respective projects related to the Jaypee group, as well as to submit statements to the investigating officer. A representative for the homebuyers confirmed receiving a summons two weeks ago and has since recorded a statement. Reports indicate that several other buyer representatives have…

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SC Resolves 7-Year Housing Dispute, Upholds ₹1.82 Crore Payout

MUMBAI: The Supreme Court has dismissed a Special Leave Petition (SLP) filed by Keyana Estate, an associate of the Kalpataru Group, concluding a seven-year legal dispute in favor of homebuyer Paresh Parihar from Goregaon. Parihar had booked a flat in the Kalpataru Radiance project in Goregaon (West) in 2013, with initial possession expected by December 2016, but he only received it in January 2024. As a result of this ruling, the developer is obligated to pay approximately Rs 1.82 crore in interest to the homebuyer due to the delays. The dispute began when Parihar and his wife paid over Rs…

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Ex-Lodha Developer Director in ED Custody Until Feb 20

MUMBAI: On Friday, a special PMLA court in Mumbai remanded Rajendra Lodha, a former director of Lodha Developers Ltd, into Enforcement Directorate (ED) custody until February 20, in connection with a money laundering case involving ₹85 crore. The ED’s case is founded on allegations of cheating and forgery, as detailed in a FIR filed by the Mumbai police’s crime branch under the Bharatiya Nyaya Sanhita (BNS). Rajendra Lodha was arrested by the crime branch in September of last year and has since been held in judicial custody. The ED officially took him into custody on Thursday for the money laundering…

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ED Arrests ex-Lodha Developers Director in ₹85 Cr Money Laundering

MUMBAI: The Enforcement Directorate (ED) has formally arrested Rajendra Lodha, a former director of Lodha Developers Limited, in connection with an alleged money laundering case involving ₹85 crore. The ED’s case is built on accusations of cheating and forgery reported by the Mumbai police under the Bharatiya Nyaya Sanhita (BNS). Lodha was previously arrested in a related crime branch case back in September and has remained in judicial custody. During the investigation, the ED presented him to a special court overseeing cases filed under the Prevention of Money Laundering Act (PMLA), where he was officially placed under arrest. He is…

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Mumbai launches e-auction for six properties over ₹455 crore tax

MUMBAI: The Mumbai civic body has initiated e-auction proceedings for six properties due to unpaid property taxes totaling ₹455.48 crore. The Brihanmumbai Municipal Corporation (BMC) has also issued final notices to two additional defaulters, as stated in their release. “Despite receiving several notices, the property owners have failed to pay the outstanding amount of ₹455,48,94,374, including penalties. Consequently, the e-auction process will begin for six properties located in Goregaon (West), Bandra (West), Dahisar, Parel, Mazgaon, and Malad-Kurar village,” the release detailed. The two properties in the Fort area of South Mumbai have been given 21 days to settle their dues,…

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Gurugram Naib Tehsildar Faces Scrutiny Over Deeds for Ansal

GURUGRAM: A naib tehsildar is under investigation following the suspension linked to a hotel registry scandal. Narender, stationed in Wazirabad, is accused of registering multiple conveyance deeds associated with Ansal Buildwell, despite a ban from the Department of Town and Country Planning (DTCP). Recently suspended due to the Bristol Hotel registry controversy, Narender is now being scrutinized for his involvement in past registries approved at the tehsil level. Concerns have arisen from the registries processed in Wazirabad, particularly regarding a deed for approximately 450 square yards of land meant for a dispensary in Sushant Lok 3, which was registered without…