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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HC Issues Notice to Goa’s Planning Dept on Building Rule Changes

PANAJI: The Bombay High Court on Thursday issued notices to the Town and Country Planning (TCP) Department and its scrutiny committee regarding amendments to the Goa Land Development and Building Construction Regulations, 2010. These changes enable the Goa government to approve applications for relaxations on height and floor area ratio (FAR) restrictions, diverging from the current standards outlined in the regulations. The division bench comprising Justices Bharti Dangre and Ashish S. Chavan issued the notice in response to a petition from the Goa Foundation and residents from Margao, Panaji, Chimbel, and Pernem. The petition challenges the building relaxations granted to…

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Builders face FIR for alleged fraud by Delhi firm

NOIDA: A Delhi-based company has accused representatives from two real estate firms of defrauding it of Rs 1.6 crore in a fraudulent property transaction involving Alphathum’s Noida World One project in Sector 90. A complaint filed by NWD Soft Infrastructure Pvt Ltd’s legal head, Sakshi Budhiraja, at Sector 142 police station claims that representatives from Bhutani Infra and CBS International misrepresented ownership of a commercial unit in Noida World One and diverted payments. An FIR has been filed against 11 senior executives—Gaurav Sharma, Rajesh Tandon, Sanjay Rastogi, Prem Bhutani, Aditya Raj Saxena, Naman, Naseem, Sakshi, Madhuri, Amit, and Anuradha Sharma—under…

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Madhya Pradesh HC slams illegal builds near Kaliyasot Dam

Representative photo BHOPAL: The Madhya Pradesh High Court issued notices on Wednesday to several respondents, including two retired IAS officers, a businessman, the Urban Administration Commissioner, the Bhopal Municipal Commissioner, the Director of Town and Country Planning, and the builder associated with the upscale ‘Whispering Palms’ development near Kaliyasot dam. The notices concern allegations of excessive construction by certain residents, which contravene the Bhopal Master Plan-2005 guidelines. The bench led by Justice Vishal Mishra issued these notices during a preliminary hearing of a petition filed by Mahesh Singh Parmar and Raj Bahadur Prasad. Their lawyers, Rahul Diwakar and Harshwardhan Tiwari,…

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FIR Filed Against Sikka Directors for Cheating Homebuyer

NOIDA: A city court has instructed the police to file a case against the directors of Sikka Pinnacle Super Structure Pvt Ltd and three senior staff members for allegedly defrauding a homebuyer of ₹79 lakh. The issue arose after the company failed to deliver a flat booked in 2022 and subsequently sold it to another buyer. As a result of the court’s order, Sector 113 police registered an FIR against the company’s directors, Harvinder Singh Sikka and Gurneet Singh Sikka, along with senior officials Gurleen Kaur (CRM head), Rajiv Sharma (marketing head), and Himanshu Jain (project head), as well as…

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SC Requests MCA Records on Indiabulls Complaint Closures

NEW DELHI: The Supreme Court on Wednesday instructed the Ministry of Corporate Affairs to submit the original records related to the closures of irregularities identified by the Securities Exchange Board of India (SEBI) concerning Indiabulls Housing Finance Limited, now known as Sammaan Capital Limited. A bench comprised of Justices Surya Kant, Ujjal Bhuyan, and N Kotiswar Singh requested Additional Solicitor General SV Raju, representing central investigating agencies, to clarify how many cases have been closed. “We wish to understand the extent of your leniency in resolving hundreds of objections,” Justice Kant remarked, directing that a senior official from the Ministry…

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Bombay HC: 2019 GR Directory Redevelopment Guidelines Not Mandatory

MUMBAI: The Bombay High Court has dismissed a petition from a member of a Goregaon (W) housing society who contested the appointment of a builder for redevelopment without a tender process, as per a government resolution from July 2019. “This court has previously determined that the July 4, 2019 GR is not mandatory but rather directory in nature. The guidelines aim to ensure a fair and transparent redevelopment process. Thus, any deviation or procedural lapse does not automatically constitute an actionable wrong unless it violates the intent of the directives or a statutory requirement,” stated Justices Suman Shyam and Manjusha…

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Whistleblower Targets Gov’t Dept & Civic Body in HC Contempt Action

THANE: Architect Sandeep Patil, who previously exposed a significant fraud involving MahaRera certificates in Dombivli, has returned to court. Last November, his efforts led the Bombay High Court to order the demolition of 65 illegally constructed buildings that were built using forged permissions. Patil has now filed a petition for contempt proceedings against the Kalyan-Dombivli Municipal Corporation (KDMC) and the state urban development department (UDD), claiming they have willfully ignored the court’s directives. The court had mandated that the government integrate the building permission systems of all 554 local bodies in Maharashtra with the MahaRera website to prevent similar frauds.…

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ED Seizes 34 More Properties Valued at ₹40 Crore in MUDA Case

NEW DELHI: The Enforcement Directorate (ED) has attached an additional 34 properties valued at over Rs 40 crore as part of its investigation into the Mysore Urban Development Authority (MUDA) land scam, bringing the total asset value attached to over Rs 440 crore. The investigation was initiated following an FIR filed by the Karnataka Lokayukta, focusing on a large-scale scam related to site allotments by MUDA officials. “The investigation uncovered a pattern of routing and layering of illegal payments received by GT Dinesh Kumar, former MUDA commissioner. The ill-gotten gains were used to acquire properties under the names of Kumar’s…

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Karnataka HC Calls for State to Develop Plot Guidelines

BENGALURU: The Karnataka High Court has called on the State Government to create a comprehensive framework to regulate land transactions involving converted lands located outside sanctioned layouts. Justice Sachin Shankar Magadum, while reviewing a writ petition, noted that the increasing number of such transactions necessitates a clear regulatory structure. “With many buyers acquiring sites in converted lands not part of approved layouts, it is crucial for the State to develop a comprehensive scheme to manage these transactions,” the court asserted. The judge emphasized that unless the government establishes appropriate guidelines or a regularisation mechanism under Section 17(2B) of the Karnataka…

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Lucknow seals Sahara Shaher for lease violations; company appeals

File Photo LUCKNOW: Sahara Shaher, located in Lucknow’s upscale Gomti Nagar, was sealed by municipal authorities on Monday due to alleged lease violations. Lucknow Mayor Sushma Kharkwal stated, “The decision to seal the premises was made because Sahara authorities breached the terms of their 30-year lease, which expires in 2024.” A team from the municipal corporation, supported by police, executed the sealing. According to SEBI regulations, Kharkwal mentioned that Sahara India violated the agreement signed in 1994 by failing to construct homes or develop any projects as mandated. The 170-acre Sahara Shaher land is now under the control of the…