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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SC Upholds Insolvency Cases for Greater Noida Real Estate Firms

NEW DELHI: The Supreme Court has reaffirmed the commencement of corporate insolvency proceedings against Bhasin Infotech and Infrastructure Private Limited, as well as Grand Venezia Commercial Towers Private Limited, emphasizing the protection of homebuyers and commercial allottees. A bench led by Justices Sanjay Kumar and K. Vinod Chandran dismissed appeals from the former directors, including Satinder Singh Bhasin. The court found that the developers had failed to deliver functional units and had misled the court regarding project completion. The justices rejected the appellants’ claims that construction was fully complete and that possession was granted to some allottees, stating that such…

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Bail Granted to Two Realty Employees in Noida Techie Death Case

NOIDA: A local court has granted bail to two employees of a real estate firm linked to the death of a 27-year-old software engineer earlier this month. According to lawyers, the Chief Judicial Magistrate Court in Surajpur granted bail to Ravi Bansal and Sachin Karanwal, employees of Lotus Greens Construction Private Limited, in connection with the drowning incident of software engineer Yuvraj Mehta in a waterlogged pit near a construction site in Sector 150. The accused have claimed they did not commit any offense and are being falsely implicated. Advocate Manoj Bhati, representing the accused, stated that bail was granted…

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Firms with higher profits must bear more environmental costs: SC

NEW DELHI: The Supreme Court stated on Friday that companies benefiting from their scale must also face greater environmental responsibilities, affirming an NGT ruling that fined a builder Rs 5 crore for breaching environmental regulations. A bench led by Justices Dipankar Datta and Vijay Bishnoi remarked that, in cases concerning environmental protection, the scale of a company’s operations—such as revenue or production volume—can significantly influence the determination of compensation for environmental damage. The court noted that larger operations typically result in a greater environmental footprint, leading to increased resource consumption, emissions, and waste production, ultimately intensifying environmental strain. “If a…

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FIR Filed Against Builder for Open Waterlogged Pit in Greater Noida

NOIDA: An FIR has been filed against a builder and his project manager in Greater Noida’s Rabupura district for allegedly creating a hazardous situation by leaving a large pit filled with contaminated water near a public road, which endangers public health and safety, officials reported on Friday. The FIR was registered after a sub-inspector patrolling Sector 22D of Star City on January 28 discovered a “very large and wide pit” that had been excavated close to the road leading to Kherlibhav village. According to the FIR, the pit was dug using heavy machinery and had remained filled with stagnant water…

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ED Files Supplementary Complaint Against Unnati Fortune in PMLA Case

LUCKNOW: The Lucknow zonal office of the Directorate of Enforcement (ED) has filed a supplementary prosecution complaint under Sections 44 and 45, alongside Sections 3, 4, and 70 of the Prevention of Money Laundering Act (PMLA), 2002, against Unnati Fortune Holdings Ltd (UFHL) and its promoters and directors in the court of the Special Judge for Anti-Corruption, CBI, Ghaziabad. The ED initiated its investigation based on multiple FIRs filed by the UP Police concerning UFHL and its key promoter, Anil Mithas, along with Madhu Mithas and other officials. The investigation revealed that Anil Mithas allegedly diverted around Rs 126 crore…

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Punjab & Haryana HC to Measure Road Width After PIL on S+4 Policy

GURUGRAM: On Thursday, the Punjab and Haryana High Court ordered a physical inspection of internal roads in planned residential sectors of Gurugram to assess their actual width and condition. This decision follows a public interest litigation (PIL) challenging Haryana’s stilt-plus-four (S+4) construction policy. A bench comprising Chief Justice Sheel Nagu and Justice Sanjiv Berry established a three-member panel to conduct inspections and submit a report in ten days, with the case next scheduled for hearing on February 17. The commission will include an additional advocate general (or nominee), the petitioner’s counsel, and the secretary of the district legal services authority,…

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Gurugram Properties Registered Despite Ban; Officials Investigated

Sure! Here’s a rewritten version of the content in a more concise format: GURUGRAM: Revenue officials in Gurugram have been accused of violating laws and official directives by conducting questionable property registrations despite a ban imposed by the Town and Country Planning Department (TCP). The case involves the Bristol Hotel-cum-commercial complex on MG Road, where a property registry was executed on December 29, 2025, allegedly against TCP instructions. As a result, TCP Director Amit Khatri has suggested legal action against Naib Tehsildar Narendra for registering the deed with malicious intent, as outlined in a letter dated January 29 addressed to…

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SC Upholds Orissa HC Ruling on Pahala Project CC Legality

BHUBANESWAR: The Supreme Court has stayed the Odisha High Court’s December 2025 decision that overturned the orders of the Odisha Real Estate Appellate Tribunal (OREAT) concerning a significant real estate project in Pahala, located on the outskirts of the city, along with the interests of its allottees. The High Court previously determined that the project was completed before the initiation of the Odisha Real Estate (Regulation and Development) Act, 2016 (RERA), rendering homebuyers’ complaints inadmissible. This conclusion was based on a completion certificate issued for the project in 2015. However, the Supreme Court’s intervention has placed this ruling on hold,…

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NGT Forms Committee to Investigate Tulsi Tower Pollution Complaints

BHOPAL: The National Green Tribunal (NGT) has formed a joint committee to investigate air and noise pollution concerns raised by the residents’ welfare society of Tulsi Tower in Shivaji Nagar, one of Bhopal’s popular apartment complexes. The residents claimed they have been living in a “virtual hell” since a Pune-based construction company began work on ‘Tulsi Green,’ the second phase of the project. The tribunal noted that there have been clear environmental violations by the Madhya Pradesh Housing & Infrastructure Development Board and its contractor, despite the project receiving Environmental Clearance (EC) on July 2, 2022. The judicial member, Sheo…

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Surat Diamond and Real Estate Group Undergoes I-T Search

SURAT: The income tax department executed a significant search operation at various premises linked to a city-based diamond manufacturer and real estate developer. This group also manages educational institutions across the state and is currently under investigation for undisclosed earnings from their real estate activities. Searches were conducted at over 15 locations in Surat, Mumbai, Bengaluru, and New Delhi. Mumbai emerged as a critical area of investigation, especially concerning the younger owners and partners who have residences and offices there. Several individuals associated with the group are also being scrutinized, including a liaison worker with notable connections to high-ranking politicians…