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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Delhi HC Denies Restraining Property Sale Amid Frivolous Case

NEW DELHI: The Delhi High Court has stated that frivolous cases filed against a property cannot be used as a “weapon of harassment,” allowing an owner with a contested building to proceed with its sale or transfer. “The law acknowledges that courts possess the authority, in suitable cases, to exempt properties from the constraints of Section 52 of the Transfer of Property Act. This exemption serves to protect genuine property owners from being ensnared in vexatious, frivolous, or bad faith litigations,” remarked Justices Anil Kshetarpal and Harish V Shankar in a recent ruling. The court also levied a penalty of…

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SC to Hear Sahara Firm’s Asset Sale Plea to Adani Tuesday

NEW DELHI: The Supreme Court is set to hear a plea from Sahara India Commercial Corporation Ltd (SICCL) on Tuesday, requesting permission to sell properties, including Amby Valley in Maharashtra and Shahara Saher in Lucknow, to Adani Properties Private Limited. A special bench led by Chief Justice B R Gavai, along with Justices Surya Kant and M M Sundresh, will consider the request at 2 PM. On Monday, an attorney presented another plea regarding the release of salaries for employees at a Sahara group firm, noting that salaries have been on hold since 2014. Additionally, a lawyer representing one of…

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HC rejects UP govt’s order to cancel builder’s ‘zero-period’ waiver

NOIDA: The Allahabad High Court has overturned a state government order that withdrew a lease rent waiver granted to a realtor under the “zero period” policy. On October 8, Justice Subhash Vidyarthi from the Lucknow bench invalidated the January 9, 2024 directive from the Infrastructure and Industrial Development Commissioner (IIDC). This directive had rescinded the lease rent waiver initially granted to Express Builders and Promoters. This ruling follows two previous decisions where the high court also set aside the same January 2024 order concerning Great Value Projects India (April 23) and Pan Realtors Pvt Ltd (May 29). The court noted…

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I-T Flags Unreported Cash Deals in Bihar, Uttar Pradesh

NEW DELHI: The income tax department is scrutinizing cash transactions exceeding Rs 2 lakh in property deals, especially in Bihar and Uttar Pradesh, particularly in areas adjacent to Nepal. Numerous violations have been identified, and sub-registrars have failed to provide the necessary data. This nationwide initiative, following a Supreme Court directive from April, led tax officials to discover instances where entire transactions were conducted in cash. Tax authorities are baffled by the inaccurate reporting from sub-registrars in Bihar and UP. The department has escalated this issue to senior officials in both states, urging them to instruct sub-registrars to share information…

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Telangana HC Questions Government on Illegal High-Rises

HYDERABAD: On Oct 8, the Telangana High Court raised concerns with state government departments, including HYDRAA, regarding delays in addressing complaints from Kamareddy MLA Katipally Venkata Ramana Reddy about illegal high-rise constructions intruding on lakes and public spaces in Hyderabad. Justice B Vijaysen Reddy questioned the representatives of various government departments, saying, “The complainant is an MLA. What have you been doing since December 2024?” while reviewing the MLA’s petition. The MLA sought the court’s direction for authorities to take action against alleged irregularities by construction firms. The judge also inquired why the MLA had not raised this issue in…

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SC Declines Plea on Delhi HC Ruling in Signature View Case

Sure! Here’s a rewritten version of the content: NEW DELHI: On Friday, the Supreme Court declined to consider a petition that challenged a Delhi High Court ruling stating that there would be no halt to the demolition of the Signature View Apartments in Mukherjee Nagar, New Delhi. The petition was presented to a bench comprising Justices Sanjay Kumar and Alok Aradhe, seeking a suspension of the interim order issued by a division bench of the high court on September 17. The Signature View Apartments are part of a multi-storey residential project initiated by the Delhi Development Authority (DDA) in 2010.…

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Gurugram body cracks down on tax defaulters, seals properties

GURUGRAM: In a strengthened effort to address property tax defaulters, the MCG has sealed three properties located in Ambience Island. These properties have outstanding dues totaling Rs 3 crore. Despite numerous notifications and warnings, the owners have failed to clear the amounts owed. This operation was executed by Rajesh Yadav, the zonal taxation officer of zone 3. MCG Commissioner Pradeep Dahiya stated that the municipal body is engaged in an ongoing campaign against tax defaulters. “Property tax serves as the primary revenue for the corporation, funding various development projects in the city. Hence, we will take stringent measures against those…

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Telangana HC rebukes collector for delay in land report

HYDERABAD: The Telangana High Court expressed dissatisfaction with the Rangareddy district collector for failing to submit an affidavit after more than three months, stating that this reflected poorly on his diligence. “What is stopping you? You have not filed the report even after three months,” remarked the court. Justice EV Venugopal made these comments while addressing a petition and contempt case regarding alleged illegal constructions on government lands classified as prohibited in Nagaram village, Maheswaram mandal. The disputed lands are reportedly part of Bhoodan properties, with allegations that several current and retired IAS and IPS officers and their family members…

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ED files chargesheet against ex-VVCMC chief in building case

MUMBAI: The Enforcement Directorate (ED) has filed a chargesheet against former Vasai-Virar City Municipal Corporation (VVCM) chief Anil Pawar (IAS), town planning deputy director Y.S. Reddy, and 16 others over a money laundering case related to illegal building constructions. As part of the investigation, the ED has attached properties worth around ₹71 crore belonging to the accused and builders who constructed 41 illegal buildings in Vasai Virar, which are now set for demolition following a Bombay High Court ruling. In August, the ED arrested Pawar, Reddy, and two others; they are currently in custody. The ED collected statements from several…

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ED Alerts Supreme Court to IHFL’s Financial Transaction Issues

NEW DELHI: On Wednesday, the Enforcement Directorate (ED) highlighted significant irregularities in the financial dealings of Indiabulls Housing Finance Ltd, now referred to as Sammaan Capital Ltd. This comes as an NGO informed the Supreme Court that the Ministry of Corporate Affairs (MCA) overlooked numerous corporate governance violations by IHFL, disregarding adverse reports from the market regulator, SEBI. Despite strong objections raised by senior advocate Harish Salve, representing Indiabulls, a bench comprising Justices Surya Kant, Ujjal Bhuyan, and N K Singh directed a ‘responsible officer’ from MCA to present original documents related to IHFL in court on November 19. The…