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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Govt to investigate low bids for cessed South Mumbai repairs

NAGPUR: On Wednesday, the state government initiated an inquiry into tenders that were allegedly quoted “below estimated price” for the rehabilitation of aging and crumbling buildings in Mumbai, following claims of irregularities raised in the assembly. During a discussion regarding nearly 16,000 cessed buildings in south Mumbai, Congress MLA Amin Patel urged the government for immediate action to accelerate their redevelopment. He pointed out that tenders issued by Mhada received bids that were 100-140% lower than the estimated costs. “Under the guise of repairing these dilapidated buildings, contractors are illegally adding extra floors and profiting from the sale of these…

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CHD Vann Takes Charge to Finish 11-Year-Delayed Gurugram Project

GURUGRAM: The National Company Law Tribunal (NCLT) has sanctioned the separation of CHD Vann from the insolvency proceedings of CHD Developers, enabling Roots Developers, the landowners, to gain full control of Vann and complete the long-delayed housing project in the city. CHD Vann, situated in Sector 71, was initiated in March 2014 as a 10-acre residential development featuring 12 towers and 569 units of 2, 3, and 4 BHK apartments. Initially, possession was scheduled for October 2018, but the project faced significant delays due to the financial struggles of CHD Developers, leaving many homebuyers in a tough situation with ongoing…

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Hyderabad: ED Raids Bhuvan Teza Infra in Flat Scam Probe

HYDERABAD: The Enforcement Directorate executed searches at six sites associated with Bhuvan Teza Infra Projects Private Ltd on Wednesday, as part of an ongoing money laundering investigation connected to a pre-launch flat scam previously identified by the Central Crime Station (CCS). In the case reported by CCS, Bhuvan Teza Infra’s director, Chekka Venkata Subrahmanyam, is accused of collecting crores of rupees from buyers for ‘Happy Homes’ flats in Shamirpet, under pre-launch offers, yet failing to deliver the properties or refund the money. Investigators uncovered that many other customers were similarly deceived. A case filed by the Economic Offences Wing (EOW)…

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Bombay HC Questions Police Protection for Parth Pawar in Land Deal

MUMBAI: The Bombay High Court on Wednesday raised significant concerns about the police investigation into a controversial land deal in Pune, hinting that authorities may be protecting Parth Pawar, son of Deputy Chief Minister Ajit Pawar, by leaving him out of the FIR. A single judge bench led by Justice Madhav Jamdar questioned the prosecution while considering the pre-arrest bail application of businesswoman Sheetal Tejwani, one of the accused in the case. Justice Jamdar pointed out that Parth Pawar, a major stakeholder in the involved firm, was not mentioned in the FIR, directly asking, “Is the police shielding the son…

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SC Expects SIT to Investigate Past Noida Authority CEOs

NEW DELHI: The Supreme Court announced on Wednesday that the Special Investigation Team (SIT) it formed to investigate inflated compensation payments to farmers—allegedly involving collusion among NOIDA officials—must also look into the actions of chief executive officers and others leading the authority for the past 10-15 years. A bench consisting of Chief Justice Surya Kant, Justice Ujjal Bhuyan, and Justice N Kotiswar Singh has extended the SIT’s investigation period by an additional two months. Solicitor General Tushar Mehta, representing NOIDA, expressed his intention to submit an affidavit outlining the authority’s stance on the matter. The court clarified that farmers receiving…

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Dumas Seaface Developer Penalized for Dust Pollution Issues

SURAT: The agency responsible for the Dumas Seaface project has been fined Rs 5 lakh after inspections revealed insufficient measures to control dust pollution at the site. Municipal Commissioner Shalini Agarwal visited the site to assess the progress and observed that dust suppression systems and waste management protocols were not adhered to. This penalty is part of the Surat Municipal Corporation’s (SMC) intensified measures against construction sites non-compliant with pollution control regulations. Since Thursday, SMC teams have scrutinized 266 construction projects throughout the city, fining 184 of them and totalling Rs 56 lakh in penalties. On the first day of…

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Karnataka HC Supports Premium FAR Policy; Dismisses TDR Petitions

In a major ruling concerning urban development in Karnataka, the High Court has affirmed the State’s implementation of a Premium Floor Area Ratio (Premium FAR) under Section 18B of the Karnataka Town and Country Planning Act, 1961. The court dismissed two petitions submitted by landowners and Transferable Development Rights (TDR) holders who challenged the constitutional validity of the amendment and related notifications. The petitions were filed by landowners whose properties were previously acquired for public use, receiving TDR instead of monetary compensation. They contended that the introduction of Premium FAR enables developers to gain additional buildable rights from the government…

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Hyderabad: Flat Owners Must Base Maintenance on Size

HYDERABAD: The Ranga Reddy District Consumer Commission has determined that the Saket Pranaam flat owners’ association cannot impose a uniform maintenance fee for all residents. Instead, fees must be calculated based on each flat’s square footage. This ruling stemmed from a complaint by SL Narasimha Rao, a studio-flat owner, who argued that it was inequitable for smaller units to pay the same maintenance charge as larger ones. Rao, whose flat spans 445 to 702 sq ft, challenged the association’s decision to impose a fixed fee of Rs 2,500 per month, which was later raised to Rs 3,500 following an extraordinary…

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Madras HC Examines CMRL’s ₹93 Crore Payment to Landowners

CHENNAI: The Madras High Court has ordered an investigation into the ₹93.4 crore compensation disbursed by the Chennai Metro Rail Limited (CMRL) for the acquisition of 20.6 acres of land in 1975. This decision comes after setting aside various appeals related to the matter. A division bench consisting of Justices S.M. Subramaniam and Mohammed Shaffiq issued this order on Friday, responding to appeals from CMRL, Chennai Metropolitan Development Authority (CMDA), and others. The case pertains to the acquisition of land in Koyambedu for a housing scheme in 1975, which was later designated for the Koyambedu market and bus terminus projects.…

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Allahabad HC: No Home Demolition Without Due Process

MEERUT: Emphasizing that “no home should be demolished without due process,” a division bench of Justices Ajit Kumar and Satyavir Singh from the Allahabad High Court (HC) has put a stop to the demolition of 27 homes in the Shahabad area of Bareilly, instructing city officials not to take any coercive actions “until a final order is issued by the competent authority.” The bench closed the writ with explicit instructions: “Each petitioner is required to submit an individual reply within four weeks, and the relevant authority must address the matter within two months, providing a reasoned, speaking order after a…