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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Noida Techie Death: Two Builders Arrested

NOIDA: Two builders were arrested by Noida police on Thursday in relation to the death of a software engineer who drowned when his car fell into a waterlogged trench near a construction site in Sector 150. “The detained individuals have been identified as Ravi Bansal from Faridabad and Sachin Karnwal from Ghaziabad,” a police official informed PTI. According to the official, both are affiliated with real estate developer Lotus Greens, though their specific positions have yet to be verified. The police made the arrests under Sections 105 (culpable homicide not amounting to murder), 106 (causing death by negligence), and 125…

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Techie’s Death: NGT Urges Noida Authority on Waterlogging Issue

NEW DELHI: The National Green Tribunal (NGT) has requested a response from the Noida Authority regarding alleged failures in stormwater management that resulted in waterlogging and the drowning of software engineer Yuvraj Mehta in Noida. The tribunal acted after taking suo moto notice of a news article covering the incident where Mehta’s car fell into a flooded trench in Sector 150. A bench comprising NGT Chairperson Prakash Shrivastava and expert member A Senthil Vel observed a report indicating that “Mehta misjudged a sharp turn and, due to fog, ended up in the trench. The area was initially designated for a…

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Income Tax Raids on Ahmedabad Builders Continue Day Three

AHMEDABAD: The income tax (I-T) department’s ongoing search of real estate groups in the city is now entering its third day. Officials have not disclosed any details about the seizures made, as they are in the process of verifying bank account and locker information, according to sources. On Tuesday, searches commenced at over 30 locations throughout the city, including corporate offices and the homes of key individuals from two groups. These operations were prompted by a decoy sent by the department that confirmed builders were accepting part of the payment for real estate in cash. The searches included corporate offices,…

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SC: No tolerance for Unitech project order non-compliance

NEW DELHI: The Supreme Court stated on Thursday that it will take a stringent stance against any state authorities that fail to comply with its orders regarding the real estate group Unitech Ltd. The court cautioned against any impediments to the completion of stalled housing projects. A bench comprising Justices J B Pardiwala and K V Viswanathan established a priority schedule for addressing issues related to Unitech and mandated that state development authorities—such as the Noida Authority, Greater Noida Authority, and Haryana’s Town and Country Planning Department—must grant all necessary approvals. The bench indicated, “We will seriously consider any non-compliance…

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SC notifies Haryana, Mahira Buildwell over EWS flat fraud

NEW DELHI: The Supreme Court has requested responses from the Haryana government and Mahira Buildwell (previously Czar Buildwell) after a group of homebuyers from economically weaker sections accused the developer of fraud in an affordable housing project in Gurgaon under the Pradhan Mantri Awas Yojana (Urban). The petitioner association has alleged that Czar Buildwell and its successor Mahira obtained licenses through deception, including submitting forged bank guarantees and falsifying signatures. They further claimed that the builder completed only 5-7% of the construction, misappropriating homebuyers’ funds. Petitioner’s Claims: Authorities’ Inaction Led to Distress The Supreme Court is currently addressing numerous cases…

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No Occupation Certificate Without Sewage Plant: Bombay HC to Maharashtra

MUMBAI: The Bombay High Court has instructed all civic authorities in Maharashtra to withhold the issuance of Occupancy Certificates (OC) for any structure until developers comply with building permissions and establish effective sewage management. A bench composed of Justices Ravindra Ghuge and Abhay Mantri acknowledged the significant issues arising from sewage dumping into the Ulhas River, noting the absence of adequate Sewage Treatment Plants (STPs) at 438 purported unauthorized structures in Thane district. The court was considering a petition from a Badlapur resident highlighting illegal constructions by a developer. It mandated that the municipal council must take action to curb…

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Idco Land Buildings Owe ₹72 Crore in Holding Tax

BHUBANESWAR: The Bhubaneswar Municipal Corporation (BMC) has determined that it expects to collect Rs 72 crore in holding tax from properties built on land owned by the Odisha Industrial Infrastructure Development Corporation (Idco). Following government approval last year, BMC will begin collecting this holding tax from Idco properties starting in the financial year 2025-26. Of the total Rs 72 crore, around Rs 32 crore is owed by educational institutions located on Idco land, according to civic body officials. Holding tax is crucial for strengthening the BMC’s financial resources. In addition to educational institutions, government and commercial establishments, as well as…

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Noida Techie Death: Developer Arrested, SIT Probe Launched

NOIDA: On Tuesday, authorities arrested the director of a real estate company regarding the tragic death of a 27-year-old software engineer. The victim’s vehicle had fallen into a water-filled pit at a construction site in Noida’s Sector 150. Officials confirmed that a Special Investigation Team (SIT) has begun its inquiry into the incident. Police arrested Abhay Kumar, the director of MZ Wiztown Planners and one of the accused, in Sector 150. According to Additional Commissioner of Police (Greater Noida) Hemant Upadhyay, he is currently in custody. The police had previously filed a First Information Report (FIR) for culpable homicide not…

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I-T Raids on 30 Ahmedabad Sites Linked to Builders’ Cash Deals

AHMEDABAD: The income tax (I-T) department conducted a search on over 30 locations linked to two builder groups. This action was undertaken after a decoy from the department confirmed that the builders were accepting part of the payment for real estate in cash. The searches included corporate offices, construction sites, suppliers, and homes of key officials and promoters, involving over 100 I-T officials, as per sources. “The builders have multiple schemes around SG Road and beyond, and they have been under surveillance since Diwali. Initial findings indicate transactions worth crores have been uncovered,” sources revealed, noting that the search began…

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SC Overturns HC Order for CBI Probe in Ambience Mall Case

NEW DELHI: The Supreme Court has annulled a Punjab and Haryana High Court order that mandated a CBI investigation into the alleged illegal conversion of residential land for the construction of the Ambience Mall in Gurugram, Haryana. Claims were made that 18.98 acres of land on the Delhi-Jaipur national highway, designated for the Ambience Lagoon Island Residential Complex, was reduced to 7.9 acres, with a commercial complex taking over the remaining land. The top court deemed the high court’s directive for the CBI to file an FIR as unnecessary, stating it was based on unverified and inconclusive evidence. Justices J.B.…