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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Charges Filed Against SRS Group Promoters in ₹2,200 Cr Scam

Representative image GURUGRAM: A significant development in one of North India’s largest real estate fraud cases has emerged as a PMLA court has charged key officials and promoters of the SRS Group in connection with a ₹2,200-crore money laundering investigation led by the Enforcement Directorate (ED). The court’s order, issued on Nov 3, lists charges against Anil Jindal, the promoter-director of SRS Group, along with Vinod Jindal, Bishan Bansal, Rajesh Singla, Vinod Kumar Garg, Navneet Kwatra, Seema Narang, Dheeraj Gupta, and Devender Adhana. Charges have also been filed against three corporate entities: SRS Real Estate, Horizon Global, and SRS Finance.…

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Bombay HC Cancels NOC for Filmmaker to Merge Flats in Oshiwara

MUMBAI: The Bombay High Court has annulled an order from the deputy registrar of cooperative societies for the K-West ward, which had instructed a housing society in Oshiwara, Andheri West, to approve film producer and director Vipul Shah’s request to merge four flats across two floors. Justice Amit Borkar stated on Monday that the decision exceeded the authority outlined in the Maharashtra Co-operative Societies Act, 1960, asserting that such power cannot be exercised. The Oberoi Springs CHSL contested the deputy registrar’s ruling under sub-clause 3 of Section 154B-27, which pertains to the society’s obligation to act and the registrar’s enforcement…

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Bombay HC Bars Developer from Adding to Tardeo Twin Towers

MUMBAI: In a significant legal dispute, the Bombay High Court issued an interim ruling on Tuesday, preventing developer S D Corporation from making any changes to the 60-storey twin towers known as ‘The Imperial’ in Tardeo. A group of 48 residents from Towers A and B took legal action against the developer for attempting to construct additional buildings and flats, which they argued violated a 2009 building plan previously presented to them. On Tuesday, the High Court prohibited any alterations without the residents’ consent. The court expressed that the developer’s intention to construct further, utilizing a substantial sale component of…

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Telangana HC Halts Ruling on Budwel Land E-Auction

HYDERABAD: In a significant development, the Telangana High Court has suspended a prior ruling that overturned the e-auction of 4.19 acres of land at Budwel, Rajendranagar, which was to be conducted by the HMDA. The court has allowed the HMDA to proceed with the auction while prohibiting the declaration of the highest bidder. The division bench, comprising Justices Moushumi Bhattacharya and Gadi Praveen Kumar, issued this directive on Tuesday during an appeal by the state government challenging the single judge’s decision made in May 2025. The bench also instructed the district collector of Rangareddy to address claims made by private…

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Rajasthan HC Offers Govt Final Chance on 86 Illegal Colonies

JAIPUR: The Rajasthan high court expressed its strong dissatisfaction with the state government’s failure to respond regarding the case involving 86 illegally developed colonies on land belonging to the Rajasthan Housing Board (RHB). On Monday, the court granted the government a final chance to submit its response by December 9. During the hearing of a public interest litigation (PIL) brought forth by the civil society group Public Against Corruption, a division bench led by Acting Chief Justice SP Sharma mandated the government to provide a comprehensive report on actions taken in line with previous court orders. The petitioner’s lawyer, Poonam…

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FIR Filed Against Logix Buildestate & Ace Group Over Assault Claims

NOIDA: Authorities filed a First Information Report (FIR) against two developers for alleged intimidation and violence after a farmer accused individuals associated with them of forcibly taking over his agricultural land and attacking family members during a confrontation late at night in the Rabupura area along the Yamuna Expressway. Pramod, a resident of Raunija village, stated that the 0.9-hectare land parcel, recorded under kasra number 63 in Shahpur, has been farmed by his family “for generations.” This land was designated for an Ace Estate project near the upcoming Noida International Airport; however, its acquisition by the Yamuna Expressway Industrial Development…

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SC nullifies Bombay HC ruling on ‘private forests’ classification

Supreme Court of India MUMBAI: In a blow to the state government, the Supreme Court annulled a 2018 Bombay High Court decision that allowed the Maharashtra revenue department to designate land across Mumbai, Thane, and elsewhere as “private forests,” which curtailed development potential. The SC criticized the HC ruling for failing to adhere to a binding precedent mandating a meticulous process before classifying private land as part of the green pool. The plots varied in size from one acre to 100 acres. The HC bench, led by Justice S C Dharmadhikari, had dismissed 173 petitions and endorsed the state’s initiative…

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Rajkot Civic Body Surpasses 50% Property Tax Collection Goal

RAJKOT: On Saturday, the Rajkot Municipal Corporation (RMC) reached 50% of its annual property tax collection goal, tallying Rs 301.03 crore. Since the financial year commenced on April 9, 3.82 lakh citizens have settled their property taxes. The RMC collected a total of Rs 412 crore in property taxes during the entire 2024-25 financial year. To encourage timely payments, RMC has launched incentive schemes, offering a 10% rebate for male property owners and a 15% rebate for female property owners who pay by May 31. Additionally, online payers receive an extra 1% discount. In an effort to address past due…

Latest StoriesRegulatory

Bombay HC Probes 20-Year Delay in Wadala Slum Rehab

MUMBAI: The Bombay High Court has instructed the Chief Executive Officer (CEO) of the Slum Rehabilitation Authority (SRA) to investigate the nearly 20-year delay in implementing a slum rehabilitation scheme in Wadala West, and to report on its expected completion date. “It is unacceptable for SRA schemes on public land to be executed with such negligence, especially after 20 years of implementation,” remarked a bench of Justices Girish Kulkarni and Aarti Sathe on Monday. This directive came after the court resolved a petition from Sitabai Kolambkar and Wadala Village Welfare CHSL, which sought to nullify an April 2024 order from…

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NCLAT Halts Mahagun Insolvency, Orders NCLT to Rehear Case

NEW DELHI: In a significant development for the real estate firm Mahagun, the National Company Law Appellate Tribunal (NCLAT) has annulled the insolvency proceedings against it and instructed the NCLT to reconsider the petition in light of a new status report relating to the projects. A two-member bench of the appellate tribunal noted that the NCLT had overlooked crucial guidelines from the Supreme Court’s ruling in the Mansi Brar Fernandes case, which stipulates that insolvency proceedings for real estate should be project-specific. Additionally, the NCLAT acknowledged an intervention request from various homebuyers associated with different Mahagun projects, seeking to overturn…