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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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…

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Delhi: FIR Filed for ₹200 Crore Property Fraud in South Extension

NEW DELHI: The Delhi Police have filed an FIR against a businessman for alleged forgery, cheating, and conspiracy related to a fraudulent sale of a prime property located in South Extension, valued between Rs 150-200 crore, according to an official statement on Tuesday. As per the FIR lodged on January 22, the complainant, Dhruv Jalan, a businessman and resident of Gurugram, claims the property in question—a plot exceeding 2,292 square yards in South Extension Part-I—was originally allotted to his grandfather, Amar Chand Jalan, in 1958. Jalan asserts that he became the sole owner of the property through a will in…

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Noida HC Upholds RERA Relief for Gaur City Centre Buyers

NOIDA: The Lucknow bench of the Allahabad High Court has dismissed four appeals from Gaursons Hi-Tech Infrastructure concerning shop-buyer disputes related to the Gaur City Centre project in Greater Noida West. The court declined to intervene with the favorable orders issued by the UP-Rera and the Real Estate Appellate Tribunal (REAT) for the buyers. The court noted that the developer failed to provide reasonable diligence in approaching the court, with reasons cited for delays deemed “bald, unsupported, and unsatisfactory,” in some cases showing a “careless and reckless” attitude. This ruling enables the execution of RERA orders. In judgments delivered on…

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HC Urges Nagpur Civic Body to Tackle Illegal Buildings by Vidhan Bhavan

NAGPUR: Following years of judicial scrutiny and administrative inaction, the Nagpur Municipal Corporation (NMC) has initiated the demolition of unauthorized structures in two notable buildings — one located opposite the Vidhan Bhavan in Civil Lines and the other in Sadar. This decision follows pointed remarks from the Nagpur Bench of the Bombay High Court. During a court hearing on Thursday, the NMC, represented by counsel Jemini Kasat, announced that it had issued notices to the building owners, mandating the removal of illegal constructions within 15 days. Should they fail to comply, the NMC will proceed with demolition on the 16th…

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HC Dismisses YEIDA’s Appeal on Township Land Order

NOIDA: The Allahabad High Court has dismissed review petitions filed by the Yamuna Expressway Industrial Development Authority (YEIDA), upholding its previous order mandating the authority to transfer physical possession of land allocated to Silverline Furnishing and Furnitures Pvt Ltd for a residential township project. A division bench comprising Justices Siddhartha Varma and Ashutosh Srivastava stated that YEIDA failed to highlight any “error apparent on the face of the record” regarding the court’s judgment on November 16, 2023. The bench noted that the review petitions were essentially attempts to reargue the case, which is not allowed in review jurisdiction. The conflict…

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Telangana to Forensically Audit Land Deals in All Districts

HYDERABAD: The government has announced plans to carry out forensic audits throughout all districts to identify irregularities associated with the Dharani portal, following multiple violations uncovered in preliminary audits in Siddipet and Sircilla. Revenue Minister Ponguleti Srinivas Reddy stated on Saturday that those found exploiting the Dharani portal to illegally obtain government land and misappropriate registration revenues would face stringent action. He made these remarks during a high-level committee meeting at the Secretariat. “The state government has decided to conduct forensic audits across all districts to uncover irregularities linked to the Dharani portal. Several violations have already been identified in…

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CBI Insights: Wiztown Planners and Noida Sports City

LUCKNOW: The tragic death of 25-year-old techie Yuvraj Mehta has intensified the Central Bureau of Investigation’s (CBI) scrutiny into the alleged irregularities linked to Noida’s ambitious Sports City project, highlighting Wiztown Planners Pvt Ltd as a focal point of the inquiry. Mehta’s car tragically veered into a flooded area in Sector 150 of Noida in the early morning of January 16. The land involved is reportedly connected to Wiztown, which is one of the entities formed from the original Sports City project allotments. In light of the incident, the CBI expanded its inquiry into the Sports City–02 project, placing a…

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Lucknow: Properties Worth ₹158 Crore in Rohtas Project Seized

LUCKNOW: On Friday, the Lucknow zonal office of the Directorate of Enforcement provisionally attached 75 immovable properties and two movable properties valued at Rs 158.85 crore, with a current market valuation exceeding Rs 350 crore, under the Prevention of Money Laundering Act, 2002, as part of a money laundering investigation related to Rohtas Project Limited and associated entities. The immovable properties, valued at Rs 141.21 crore, are registered under the names of Deepak Rastogi, promoter of the Rohtas group, and various entities including Vardan Township Pvt Ltd and several benamidars. The movable properties, valued at Rs 17.64 crore, belong to…

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Noida Techie Death: NBW Issued for Lotus Founder Nirmal Singh

NOIDA: A non-bailable warrant has been issued for the absconding founder of Lotus Greens, Nirmal Singh, linked to the death of engineer Yuvraj Mehta, who drowned after his car fell into a waterlogged trench in Sector 150 on January 17. Singh has evaded capture since the case came to light, prompting multiple police raids to locate and arrest him. Authorities warned that failure to surrender could result in property attachment proceedings against him. Singh faces charges under various acts, including the Environment Protection Act of 1986 and the Water (Prevention and Control of Pollution) Act of 1974, along with multiple…