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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FIR Filed Against Aiko Builders’ Director in ₹30 Crore Scam

MUMBAI: Neeraj Vora, the director of Aiko Builders Pvt Ltd, has been accused of defrauding a construction entrepreneur in Vasai of Rs 30 crore related to a real estate transaction concerning a plot in Mira Road. The Manikpur Police registered a First Information Report (FIR) against Vora on allegations of cheating and forgery. The complainant, Akash Gupta, reported that in 2021, Vora approached him for funding to develop a two-acre parcel of land at Mira Road, promising allocation of 1 lakh sq ft at a price of Rs 2,970 per sq ft. Vora purportedly claimed to own the land and…

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Supreme Court: More FAR in Bengaluru will worsen civic issues

NEW DELHI: The Supreme Court raised concerns on Monday regarding the Karnataka government’s approval of Premium Floor Area Ratio (PFAR) for construction. This decision could facilitate the erection of multistoried buildings on narrow 9-metre-wide roads in Bengaluru, exacerbating the city’s already strained civic amenities. A bench comprising CJI Surya Kant and Justice Joymalya Bagchi expressed, “Allowing PFAR would enable construction on narrow roads. Builders may entice flat buyers with appealing offers, but what about civic amenities? While increased FAR might be justifiable in newly developed areas, granting such permissions in established residential zones would strain these amenities. What happens to…

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Five Sub-Registrars Suspended for 1,332 Illegal Registrations

BENGALURU: The state government has revealed a significant property registration scam linked to its e-khata system, resulting in the suspension of five sub-registrars. This comes after officials discovered fraudulent registrations of approximately 1,332 properties over a one-year span from December 6, 2024, to December 5, 2025. The Department of Stamps and Registrations has suspended the officials due to their alleged involvement in misusing the Kaveri 2.0 portal, failing to import essential e-khata details from the e-swathu software, and illegally registering sale deeds. Those suspended include Ravi Sankana Gouda, N. Satish Kumar, Sridhar (first division assistant-in-charge sub-registrar), Girish Chandra, and R.…

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Gurugram Seals Two Properties Over Tax Delinquency

Representative Image GURUGRAM: The MCG has ramped up its actions against property tax defaulters, sealing two properties in Saraswati Enclave due to overdue payments totaling ₹43 lakh. Officials reported that one property had an outstanding tax of ₹20.9 lakh, while the other owed ₹22 lakh. This action follows the failure of property owners to settle their dues despite numerous reminders. The sealing drive is part of ongoing efforts to bolster revenue collection and ensure tax compliance. In the past 15 days, the MCG has sealed 28 properties in Zone 1 alone. Additionally, 33 more properties have been flagged for potential…

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Noida Authority Issues Conditional OC to Sports City After SC Order

NOIDA: During its board meeting on Saturday, the Noida Authority issued a conditional occupancy certificate for the long-delayed Sports City project in Sector 150. This decision comes after the Supreme Court’s order from November 24, which approved a framework for reviving the Sports City SC-02 project developed by Lotus Green Constructions. The ruling enables construction to resume after nearly three years, offering a reprieve for approximately 20,000 homebuyers waiting for possession or registration of their properties. The Supreme Court mandated that the Noida Authority lift the ban placed on the developer in January 2021 within 30–45 days. Lotus Green plans…

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Mumbai police charge developer for cheating Motilal Oswal Finance

Here’s a rewritten version of the content: MUMBAI: The Dadar police have filed a chargesheet against a developer for allegedly defrauding Motilal Oswal Finance Ltd by selling mortgaged property that served as collateral for a housing project loan of ₹158 crore taken nearly ten years ago. The chargesheet names Ramakant Jadhav, director of Karm Infrastructure, while his partner Ketan Patel has been cleared of any wrongdoing. The police submitted a 500-page chargesheet to the Additional Chief Metropolitan Magistrate’s 5th Court in Sewri in December 2025. They have also requested permission to file a supplementary chargesheet once the absconding accused is…

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HC Rejects Noida Authority’s ₹168 Crore Lease Rent Claim

NOIDA: The Allahabad High Court has annulled a lease rent demand of approximately Rs 168 crore raised by the Noida Authority against Vision Town Planners concerning a commercial plot in Sector 94 that was initially allocated to BPTP International Trade Centre Ltd. On December 19, Justice Prakash Padia also mandated a refund of around Rs 7.4 crore collected as change in constitution (CIC) charges, along with 9% annual interest. The court ruled that the authority acted unlawfully by imposing lease rent without providing legal possession of the subdivided plot, and improperly retained CIC charges, despite established judicial precedents that deemed…

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ED Files Charge Sheet in ₹145-Crore Sand Mining Case

KOLKATA: On Saturday, the Enforcement Directorate (ED) filed a charge sheet at the special CBI court regarding illegal sand mining in Bengal, estimating the financial irregularities at nearly Rs 145 crore. The charge sheet identifies 14 companies and four individuals, including businessman Arun Saraf and three employees. Another businessman, Anuran Kumar Senapati, previously questioned by the ED, has been designated as a witness. “My client fully cooperated with the investigating agency,” stated Senapati’s lawyer, Sanjib Dan. The ED’s investigation uncovered that illegal sand mining and sales had been ongoing for an extended period under various companies. They allege that Saraf…

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Seven Landlords Charged for Breaking Tenant Verification Rules in Jammu

Representative AI image JAMMU: On Saturday, Jammu and Kashmir Police took action against seven landlords for allegedly allowing tenants to reside on their properties without proper police verification. This initiative has been intensified ahead of the Republic Day celebrations, according to police reports. Police Station Bahu Fort has filed five FIRs under Section 223 of the BNS against landlords for infringing upon the District Magistrate’s order by not ensuring that tenants undergo mandatory police verification. In addition, two more FIRs were documented at Police Station Channi Himmat regarding similar violations. These actions form part of a routine verification campaign aimed…

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SC Requests UP Government Files on Amrapali for Faster OC Approvals

Supreme Court of India NOIDA: The Supreme Court has directed the Uttar Pradesh government to provide documents related to the distribution of completion certificates (CCs) and occupancy certificates (OCs) for Amrapali Group housing developments. The court emphasized that the process should not be held up due to the absence of documents from the now-defunct developer. This order is part of ongoing efforts to address the longstanding case impacting thousands of homebuyers. A bench comprised of Justices Sanjay Kumar and Satish Chandra Sharma, during proceedings on December 11, instructed Noida Authority, Greater Noida Industrial Development Authority (GNIDA), and related agencies not…