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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Ahmedabad Builder Owner Sentenced to Four Years in Jail

AHMEDABAD: A JMFC court in Sanand sentenced Raman Patel, owner of Popular Builders, to four years in prison for a fraudulent land transaction in Chekhla village near Ahmedabad dating back to 1996. Patel was convicted of forgery and criminal conspiracy. The court also imposed a fine of Rs 1.40 lakh, directing that Rs 1 lakh be paid to the descendants of the landowner deceived by Patel and eight accomplices, including his brother Dashrath Patel, according to district government pleader Pravin Trivedi. Both Raman and Dashrath were witnesses for the CBI in the 2005 Sohrabuddin Sheikh encounter case. In August 2020,…

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DM Files FIR Against Ghaziabad Highrise Owners for Fraud

GHAZIABAD: District Magistrate Ravindra Mandar has directed the filing of an FIR against the officials of a Rajnagar Extension apartment owners’ association (AOA) due to alleged financial misconduct. The decision comes after a complaint from Satyajeet Kumar, a resident of Savy Ville De Society, who accused the AOA members of fraud and mismanagement of funds. As of this report, the FIR had not yet been registered. In response, Hemant, the AOA president, informed TOI that they have requested the DM to conduct a re-audit of the society’s finances. An audit by the Deputy Registrar’s office for the years 2022-2023 and…

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Gurugram Seals Multi-Storey Building for Unpaid Taxes

Representative image GURUGRAM: On Thursday, the MCG sealed a multi-storey residential building in Jharsa due to unpaid property taxes amounting to ₹67 lakh. Officials indicated that further actions against significant defaulters are in the works under the ongoing recovery initiative. According to zonal taxation officer Rajesh Yadav, the property’s owner had been repeatedly notified about the outstanding tax, but failed to comply, prompting MCG to take this action. MCG Commissioner Pradeep Dahiya stated, “Our municipal corporation is actively pursuing tax defaulters. It is crucial for all property owners to pay their taxes punctually to enhance municipal revenues and civic amenities.…

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ED Seizes ₹110 Crore in Assets from Rohtas Group

LUCKNOW: The Enforcement Directorate (ED), Lucknow Zonal Office, has provisionally attached properties worth Rs 110.05 crore, with a current market value surpassing Rs 300 crore, under the Prevention of Money Laundering Act. This action, taken on October 28, pertains to a money laundering investigation involving Rohtas Project Limited and other entities. As per the agency, the attached assets are held under the names of associated companies and limited liability partnerships (LLPs) of the Rohtas Group—Amalya Constructions LLP and Amyra Infrastructure LLP—both operated by the LJK Group. All properties are situated in Lucknow. The ED’s investigation was prompted by 83 FIRs…

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SC Halts GST Demand on Real Estate Joint Development Deals

MUMBAI: The Supreme Court has put a hold on a goods and services tax (GST) demand linked to a joint development agreement (JDA) for a real estate project, a ruling that could significantly affect real estate developers and landowners nationwide. JDAs are commonly used as they permit developers to access land without making an upfront payment. Authorities are attempting to categorize the transfer of land development rights under JDAs as a taxable ‘supply of service’ according to GST regulations. Developers contest this classification, asserting that the agreement fundamentally involves a ‘transfer of land’, which falls outside the GST framework. A…

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Rajasthan’s new rules limit business in residential areas

JAIPUR: The Urban Development and Housing (UDH) department has announced a ban on specific commercial activities in residential areas throughout the state, effective immediately. Activities such as warehousing, storage of all types of goods (flammable and non-flammable), wholesale markets, weighbridges, and oil or gas depots are now prohibited in residential zones. Previously, these businesses could operate with special permits. The new regulations are designed to eliminate these allowances, aiming for greater clarity in urban land use across Rajasthan. These changes impact various land use categories, including residential, commercial, industrial, public and semi-public, recreational areas, transport hubs, tourism zones, peripheral control…

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Telangana HC Demands Police Response on Bhoodan Land Alert

HYDERABAD: The Telangana High Court directed the state counsel to gather information from the Maheswaram police concerning a communication from the Enforcement Directorate (ED) about alleged irregularities related to the transfer of Bhoodan and restricted lands in Nagaram village, Maheswaram. The ED, which initiated an investigation into the alleged land fraud, informed the police in February 2024 that its preliminary inquiry indicated document fabrication, forgery, and manipulation of revenue records, possibly involving government officials. The agency recommended that the deputy commissioner of police (Maheswaram zone) take further action, as reported by petitioner Dastagir Shareef in court. Shareef claimed that no…

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NCLAT Bars Raheja Developers from Creating Third-Party Rights

The Principal Bench of the National Company Law Appellate Tribunal (NCLAT) in Delhi has prohibited Raheja Developers from selling units or land, thus preventing the creation of third-party rights. “With insolvency proceedings underway, it is clear that the management of the corporate debtor must not create any third-party rights in its immovable properties,” stated the NCLAT in its ruling. Earlier, homebuyers expressed concerns over the company’s assets being sold without guidance from the Interim Resolution Professional (IRP). The company’s advocates contended that such sales are necessary for maintaining the company’s operations and should include the unsold inventory. “It is our…

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Telangana HC Overturns Trial Court Ruling in Realty Land Dispute

HYDERABAD: The Telangana High Court has recently approved a revision petition by a local realty firm, overturning a trial court’s decision that denied the dismissal of a civil suit against the firm. Justice Laxmi Narayana Alishetty remarked that the “plaintiffs have cleverly drafted the plaint, creating a false impression of a cause of action, which is not permissible in law and must be dismissed at the outset, especially since their case was barred by limitation.” The legal dispute involves approximately 30 acres of land in Ibrahimpatnam, Rangareddy district, initially owned by Mohammed Gouse Ali Khan. The plaintiffs, his descendants, sought…

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Navi Mumbai collects ₹500 crore in property tax; aims for ₹1,000 crore

THANE: The Navi Mumbai Municipal Corporation (NMMC) announced on Tuesday that it has collected over Rs 500 crore in property tax within the first seven months of the financial year, from April to October. This revenue was sourced from 1.63 lakh property owners across eight divisions of the NMMC. Municipal Commissioner and Administrator Dr. Kailash Shinde attributed this achievement to a blend of citizen-centric initiatives and technological advancements. “The NMMC’s property tax department has accomplished an impressive milestone by gathering more than Rs 500 crore in tax from April to October in the financial year 2025-26. This increase in tax…