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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Gurugram: 32nd Milestone Director Arrested for Fraudulent Sales

GURUGRAM: Gurugram police have arrested a man accused of defrauding around Rs 500 crore by selling the same floor of a building to over 25 individuals. The suspect, Dhruv Dutt Sharma, director of 32nd Milestone (32nd Avenue), was taken into custody, according to police reports. Sharma was presented in court and has been remanded into police custody for six days. Investigations suggest he deceived multiple victims, resulting in a hefty financial loss. In January, a complaint was lodged by a representative from Tram Ventures Private Limited against Apra Motels, now operating as 32 Milestone Vistas Private Limited. In 2021, the…

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Hyderabad: ₹270 Crore Fraud Case Against White Waters Constructions

HYDERABAD: The Economic Offences Wing (EOW) of the Cyberabad police has initiated a cheating case against White Waters Constructions and its directors. A woman has accused the company of defrauding her and numerous other flat buyers by collecting around ₹270 crore without delivering the promised projects. This complaint was lodged with the police on January 30 by Bhogadi Sujatha, a resident of Power Nagar Colony in Moosapet. According to her complaint, Sujatha became aware of White Waters@Y project near Kukatpally Y-Junction in 2018, and reserved a flat by paying ₹11 lakh. Over the next four years, she transferred ₹68.94 lakh…

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Mysuru Civic Body Hits Record 88.4% Property Tax Collection in 2025

MYSURU: The Mysuru City Corporation (MCC) achieved a record property tax collection rate of 88.4% by the end of December 2025, marking its highest performance to date. In prior years, tax collection had never surpassed 80% by year-end. Officials credit this year’s success to new strategies, including the public disclosure of major defaulters—comprising individuals, commercial entities, and government bodies—on the corporation’s official website. This measure, launched for the first time, has significantly increased compliance compared to previous years. The published list featured top defaulters across both commercial and large residential sectors. After multiple notices and reminders, MCC implemented this public-disclosure…

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RMC’s Tax Sweep Uncovers Extensive Property Fraud in Ranchi

Representative AI image RANCHI: The Ranchi Municipal Corporation (RMC) is accelerating its revenue collection efforts across all wards, focusing on holding tax payments to meet the target of Rs 100 crore for the current financial year. This intensified initiative has started to yield results, as field inspections have uncovered significant under-assessment and misreporting of property details in various city wards. RMC revenue teams conducted thorough checks on commercial and residential properties, evaluating declared areas, usage types, road widths, basement usage, and rainwater harvesting setups. Inspections revealed that many properties were paying taxes based on significantly lower areas or incorrect classifications.…

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Delhi Court Requests Police Report on ’32nd Milestone’ Promoters

NEW DELHI: A local court has requested an action-taken report from the police regarding a plea for the registration of an FIR against the promoters of the Gurugram-based “32nd Milestone” commercial project. The complaint alleges cheating, fund diversion, and significant financial irregularities. Judicial Magistrate Devanshi Janmeja issued this notice on February 5, instructing the police to provide a report, with the next hearing scheduled for March 13. The application was lodged by senior citizen Arvind Gupta, who accuses the promoters and associated entities of cheating, forgery, criminal conspiracy, and intimidation. The implicated parties include 32nd Vistas Private Limited, Growth Hospitality…

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Bankruptcy Court Initiates Insolvency Proceedings for Vatika

NEW DELHI: A bankruptcy court has approved the admission of a real estate developer from Gurgaon into the corporate insolvency resolution process (CIRP) following an application by IDBI Trusteeship Services. This action was prompted after the firm defaulted on dues totaling approximately Rs 274 crore. The Chandigarh bench of the National Company Law Tribunal (NCLT) has designated Jayant Prakash as the interim resolution professional (IRP) to oversee the company’s proceedings. IDBI Trusteeship, acting on behalf of non-convertible debenture (NCD) holders, submitted the case to the tribunal. Senior counsel Gopal Jain and advocate Meghna Mishra represented the trustee company, arguing that…

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Property Sales Halted in Gurugram’s Valley View Estate Due to License Lapse

GURUGRAM: The Haryana Department of Town and Country Planning (DTCP) has prohibited the execution of sale or conveyance deeds for properties in Valley View Estate, a 21.61-acre group housing colony in Gwalpahari. This action follows the expiration of the project’s development license, originally issued in 1994, which has not been renewed for over a decade. In a recent notice to the sub-registrar at Wazirabad and district authorities, the district town planner (enforcement) in Gurgaon indicated that the development license, granted on June 8, 1994, was only valid until June 7, 2011. This license was issued to BSF Co-operative House Building…

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BMC Halts Work on Transit Camp at Sewage Plant Site in Mumbai

MUMBAI: The BMC has issued a stop-work notice for a transit camp in Worli, as it has been discovered that the camp is being constructed on land reserved by the civic body for a sewage treatment plant. Municipal officials reported that two sewer lines run through the site, and initial assessments indicate that construction has already disrupted sewage flow, raising concerns about potential flooding and infrastructure failure, especially during the monsoon season. Additional civic chief Ashwini Joshi instructed BMC’s chief engineer (sewerage operations) to file a criminal complaint against D B Patil, a Slum Rehabilitation Authority executive engineer, for allegedly…

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Thane Civic Body Collects ₹556 Cr Tax, Targets Defaulters

THANE: The Thane civic body in Maharashtra has collected ₹556.19 crore in property tax for the fiscal year 2025-26, falling short of its ₹841 crore target by over ₹200 crore, as reported on Friday. Municipal Commissioner Saurabh Rao has issued orders for strict measures against defaulters due to this shortfall. According to an official statement, the highest property tax collection came from the Majiwada-Manpada ward at ₹175.01 crore, followed by Vartak Nagar with ₹88.77 crore and Naupada-Kopri with ₹74.12 crore. After a review meeting earlier this week, the commissioner has instructed officials to cut water supply to defaulters in residential…

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Ahmedabad: Developers Charged with ₹2 Crore Investor Fraud

AHMEDABAD: Two separate complaints have been filed at the Bopal police station accusing developers associated with the Privilon Group of defrauding investors by promoting housing and commercial projects on land they allegedly do not own and without the necessary regulatory approvals. Police indicate that these complaints, along with other reports from investors, suggest a fraud amounting to approximately Rs 2.22 crore involving flats and shops in proposed developments in Ghuma village, located on the city’s outskirts. The first FIR was lodged by Shanti Jadav, 49, a farmer from Gujar village in Dhandhuka taluka. Jadav claims he was misled into investing…