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.

Latest StoriesRegulatory

Court summons Prathamesh Developers in Patra Chawl scam

MUMBAI: A special court in Mumbai has summoned Prathamesh Developers through its partner businessman Pravin Raut in connection to a money laundering case tied to the Patra Chawl scam, noting their involvement in siphoning off the proceeds of crime. Sanjay Raut, a Rajya Sabha MP from Shiv Sena (UBT), is also implicated in the case, which is being heard by a special court for lawmakers. On September 20, special judge for criminal cases involving MPs/MLAs, Satyanarayan Navander, asserted that there is clear prima facie evidence of money laundering. The court issued summonses to Prathamesh Developers via its partner Pravin Raut—a…

Latest StoriesRegulatory

ED Searches Imperial Group Premises in Himachal, Delhi

The Directorate of Enforcement (ED) in Shimla has conducted searches at six locations in Himachal Pradesh and Delhi as part of an ongoing investigation into the Delhi-based Imperial Group. According to an ED statement released on Sunday, the properties belong to Manavinder Singh, chairman of the Imperial Group, his wife Sagri Singh, and their associates. The searches, conducted on September 19 and 20, were executed under the Foreign Exchange Management Act (FEMA) of 1999. They focused on alleged undisclosed foreign assets, unreported investments, and financial interests tied to Manavinder Singh, his wife, and companies associated with the Imperial Group. The…

Latest StoriesRegulatory

Mumbai Builder Charged ₹13 Crore in Fraud by Economics Wing

MUMBAI: The Economic Offences Wing has filed a chargesheet against builder Lalit Jain for falsifying property documents and defrauding a businessman from Nagpur by persuading him to invest ₹12.50 crore in a redevelopment project in South Mumbai. Jain failed to reveal that the property, Sanjana Building in Malabar Hill, was embroiled in litigation with the Waqf Board. Jain convinced the complainant, Mahesh Goyal, and his family to invest ₹12.50 crore in the project with promises of a 45% equity stake in his Safeway Project Pvt. Ltd. and an annual return of 18%. However, only 25% of the shares were actually…

Latest StoriesRegulatory

Uttarakhand HC Supports RERA Order on Paratus Real Estates

DEHRADUN: The Uttarakhand High Court has affirmed a RERA order mandating Paratus Real Estates Pvt Ltd to pay 50% of the penalty amount prior to its appeal, dismissing the developer’s argument that only 30% was required under the Real Estate (Regulation and Development) Act, 2016. Justice Pankaj Purohit of a single bench rejected two similar petitions from the company and chose not to interfere with the RERA directive, emphasizing that the “Act is designed to protect consumers’ interests in the real estate sector and should be interpreted rigorously.” On March 28, RERA Dehradun instructed the promoter to refund Rs 22,69,159…

Latest StoriesRegulatory

Bombay HC Orders Maharashtra to Tackle SRA Staffing Issues

Sure! Here’s a rewritten version of the content: MUMBAI: The Bombay High Court recently addressed the understaffing issues at the Slum Rehabilitation Authority (SRA), deeming it a serious concern. The court instructed the state government to ensure timely approval for adequate staffing to prevent recurrent issues from reaching the courts. A division bench comprising Justices Girish Kulkarni and Aarti Sathe highlighted, “It is unacceptable for the Chief Executive Officer, with significant authority, to operate ineffectively and lack oversight of matters within their jurisdiction, particularly in cases where no occupation certificate has been issued for nearly 15 years.” This comment was…

Latest StoriesRegulatory

Homebuyer Wins 7-Year Legal Fight Over Delayed Flat

CHANDIGARH: The District Consumer Disputes Redressal Commission in Chandigarh has issued a ruling that may bring relief to numerous homebuyers affected by stalled real estate projects. The commission ordered a housing group and another agency to refund Rs 2.4 lakh along with 9% annual interest to a complainant who had not received possession of a flat booked over seven years ago. The Commission held both entities accountable for deficiencies in service and unfair trade practices, additionally awarding Rs 20,000 as compensation and litigation costs to the complainant, Akhil Awasthi. Akhil Awasthi, a resident of Sector 44, had secured an unconstructed…

Latest StoriesRegulatory

HC Orders Jaipur Civic Body to Seal Illegal Buildings

JAIPUR: The High Court has taken a strong stance against commercial activities in the residential areas of Jaipur’s walled city. On Friday, a division bench instructed the state government and the Jaipur Municipal Corporation (Heritage) to seal the remaining buildings among 19 illegal structures identified on Haldiyon Ka Raasta. The court emphasized that compliance with this order falls under the responsibility of the JMC-H commissioner. The division bench, comprising Justice Sanjeev Prakash Sharma and Justice Sanjeet Purohit, issued this directive in a suo motu case concerning commercial encroachments in residential zones. They have scheduled the next hearing for October 8,…

Latest StoriesRegulatory

Gurugram Bar Calls for Probe of Judge’s Order Before Retirement

GURUGRAM: The bar association of Gurgaon has lodged a complaint with the Punjab and Haryana High Court against a recently retired city court judge, alleging that he ruled in favor of a prominent local developer in a land dispute case. The association contends that the judge’s decision grossly violated the principles of judicial integrity, impartiality, and dignity expected from a member of the judiciary. In its complaint, the bar highlighted the rushed and seemingly orchestrated nature of the proceedings related to a case worth hundreds of crores, indicating potential personal interest or external pressure, which undermines the tenet of impartial…

Latest StoriesRegulatory

No More Hurdles for Chingrighata Orange Line Work: HC

KOLKATA: The Calcutta High Court (HC) announced on Thursday that construction work at the Chingrighata crossing for the Orange Line project can proceed without further issues. This decision came during the hearing of a Public Interest Litigation (PIL) filed by Upamanyu Bhattacharya, which sought urgent court intervention in response to delays in completing the 32km New Garia-Airport metro corridor. The project had been delayed since February 2 due to the lack of a No Objection Certificate (NOC) from Kolkata Police necessary for cordoning off a section of the busy EM Bypass crossing. State Advocate General Kishore Datta informed the HC…

Latest StoriesRegulatory

Delhi: CBI Files FIR Against Signature View Builders, Officials

Sure! Here’s a rewritten version of the content: The CBI has filed an FIR against builders and officials from the DDA, alleging criminal conspiracy and negligence in maintaining quality and structural safety during the construction of the Signature View Apartments located in Mukherjee Nagar, North Delhi. The DDA had previously lodged a complaint regarding construction quality issues in the complex, which consists of 224 High-Income Group (HIG) and 112 Middle-Income Group (MIG) flats divided into three construction phases. According to the CBI, the use of substandard materials has rendered the buildings unsafe for habitation within just ten years of their…