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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ED Seizes ₹44 Crore Assets of Ex-VVMC Chief in Construction Case

MUMBAI: The Enforcement Directorate (ED) has seized assets totaling Rs 71 crore in connection with illegal constructions in Vasai-Virar, of which Rs 44 crore is linked to Anil Pawar (IAS), the former chief of Vasai-Virar City Municipal Corporation. The ED had previously filed charges against Pawar, town planning deputy director Y.S. Reddy, and 16 others for their involvement in a money laundering case related to unauthorized building projects. During the investigation, the agency attached properties belonging to the accused and builders responsible for constructing 41 illegal buildings in Vasai-Virar, which were ordered to be demolished by the High Court. In…

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Bombay HC Overturns State’s Land Acquisition Under Slum Act

MUMBAI: On Tuesday, the Bombay High Court nullified the state’s acquisition of a prime private land in Goregaon East, which had been designated as slum land under the Slum Act. The court highlighted the obligations imposed on state officials and the CEO of the Slum Rehabilitation Authority (SRA) before exercising the drastic powers under Section 14 of the Slum Act. Justices Girish Kulkarni and Aarti Sathe acknowledged a plea from NESCO, the private property owner, to overturn the acquisition, deeming it arbitrary and unlawful. They stated, “Such powers should not be invoked at the mercy of unscrupulous parties, disregarding the…

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Delhi HC denies extension for Signature View apartment vacate

NEW DELHI: Residents of Signature View Apartments made a last-ditch effort to prolong their vacate deadline, but the Delhi High Court rejected their plea on Tuesday, stating, “We will not put our seal at your risk.” A bench consisting of Chief Justice DK Upadhyaya and Justice Tushar Rao Gedella noted the Supreme Court had previously identified the buildings as dilapidated. “In light of the Supreme Court’s order from October 10, we cannot grant any time extension,” the bench stated, dismissing the appeal from nine residents who sought a grace period under the court’s “mercy” jurisdiction. “If we grant more time…

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SC Revives 213 Udaipur Flats After ED Aids Homebuyers

NEW DELHI: In a significant relief for over 200 homebuyers involved in the Udaipur-based Royal Rajvilas (RRV) project, the Supreme Court has lifted the attachment on their flats by the Enforcement Directorate (ED). The Court also dismissed the ED’s challenge to the insolvency resolution process, which had seen a new owner approved by the Mumbai bench of the National Company Law Tribunal (NCLT) to complete the project. Udaipur Entertainment World Pvt Ltd (UEWPL), the original owner, is now under new management. The apex court commended the ED for its role in helping over 200 homebuyers reclaim their dream homes, which…

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SC asks Centre, SEBI about Sahara firm’s property sale to Adani

NEW DELHI: The Supreme Court has requested responses from the Centre, the Securities and Exchange Board of India (SEBI), and other stakeholders regarding a petition by Sahara India Commercial Corporation Ltd (SICCL) to sell 88 prime properties to Adani Properties Private Limited. A special bench led by Chief Justice B R Gavai, along with Justices Surya Kant and M M Sundresh, reviewed the interlocutory application related to the Sahara Group’s refund obligations. The bench, acknowledging Solicitor General Tushar Mehta’s submissions, directed that the Union Ministries of Finance and Cooperation be added as parties to these proceedings and requested their response…

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Maharashtra I-T to penalize sub-registrars for unreported deals

NAGPUR: The income tax department is set to impose significant penalties on property sub-registrar offices (SRO) for failing to accurately report real estate transactions in their financial statements. Investigations at various SROs revealed that transactions totaling approximately Rs13,000 crore were not disclosed in the required format. Registrations of properties valued at Rs30 lakh and above must be reported to the income tax department under the Statement of Financial Transactions (SFT). This marks a rare occasion where a government department penalizes another. Last year, SROs received a penalty notice, but it was for a relatively minor sum. This time, penalties could…

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Clerk in Mohali Suspended for Land Registry Breach

MOHALI: The revenue department has suspended registry clerk Harpreet Singh for allegedly verifying land documents against a court order. This suspension was issued by the Finance Commissioner for Revenue and a notice was sent to the deputy commissioner of Mohali. Deputy Commissioner Komal Mittal confirmed this action and stated that a thorough investigation is currently in progress. An inquiry has also been launched against naib tehsildar Ritu Kapoor in relation to the same matter. The situation arose after Amandeep Singh, a resident of Lakhnour village, filed a complaint asserting his status as the sole heir of his grandmother, Surjit Kaur,…

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EOW Books SSLS Real Estate for Cheating Investors of ₹19 Crore

HYDERABAD: The Economic Offences Wing (EOW) of Cyberabad police has initiated legal proceedings against the promoters of SSLS Real Estate & Constructions for allegedly embezzling approximately ₹19.4 crore from local investors. A complaint filed by Miyapur businessman Badari Nadh Gelli states that the scheme began in July 2023 when a mutual acquaintance, Mohan Muralidhar, organized a meeting at Lodha Meridian, Kukatpally. During this meeting, K. Upendra and his father, Atchuta Rao, purportedly presented themselves as reputable developers with extensive projects in Telangana and Andhra Pradesh, soliciting investments for a rapidly expanding property portfolio. Enticed by their promises of quick repayment…

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Telangana HC Backs Tenants’ Rights to 200-Acre Gachibowli Land

HYDERABAD: The Telangana High Court has resolved a decade-long dispute over nearly 200 acres of prime land in Gachibowli by upholding the revenue divisional officer’s (RDO) order that recognized the ownership rights of protected tenants, overriding the sub-collector’s contradictory findings. This case involved agricultural land valued at approximately ₹15,000 crore, spanning several survey numbers in Gachibowli. The dispute arose between the descendants of protected tenants and subsequent purchasers, including members of the Diamond Hills Welfare Association. The petitioners, heirs of the protected tenants, contested the sub-collector’s 2016 order that reversed the RDO’s 2013 decision. The RDO had previously determined that…

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Nagpur to Auction 149 Properties for Unpaid Taxes

NAGPUR: The Nagpur Municipal Corporation (NMC) is intensifying its efforts to recover long-overdue property taxes, targeting 149 properties for auction in an attempt to collect ₹3.29 crore. So far, it has successfully retrieved ₹95.3 crore through property tax warrants. Currently, property tax arrears in Nagpur have exceeded ₹938.7 crore. A recent report highlighted that 261 prime properties are in default, each owing more than ₹25 lakh, collectively amounting to ₹442.34 crore in arrears. As of September 2025, the property tax and assessment department has issued 10,042 warrants under Taxation Rule 42, covering outstanding dues of ₹95.31 crore. Out of these,…