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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Ludhiana: GK Group Chairman, Sons Face Separate Cases

LUDHIANA: Police have filed two distinct cases of alleged property fraud against the family members of the GK Group, a prominent real estate company based in Sangowal village. The group’s chairman, Gulshan Kumar, along with three of his sons, has been named as accused in the FIRs. The GK Group is acknowledged as a significant player in the local real estate market. According to police, investigations are ongoing in both cases; however, no arrests have occurred yet. The first case concerns land encroachment near a petrol pump, where complaints were lodged against Gulshan Kumar and his sons, Rohit Kumar and…

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Bengaluru Court Freezes Site Over Alleged Forged Land Docs

BENGALURU: The Land Grabbing Prohibition Special Court has issued a temporary injunction halting construction work by a well-known builder in Chikkabanahalli village, Bidarahalli Hobli, Bengaluru East Taluk. The court also instructed the Deputy Commissioner of Bengaluru Urban and the Bengaluru East Taluk Tahsildar to provide a status report. The injunction was granted based on a complaint by social activist Paramesh, who alleged the builder encroached on government land and pathways using a fraudulent document purportedly issued by the Deputy Commissioner of Bengaluru Urban. The court’s order stated: “We issue a temporary injunction against Respondent No. 1 and any related parties,…

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NGT Stops Pune Project Over Noise and Dust Violations

PUNE: The National Green Tribunal’s Western Zone Bench in Pune has ordered a halt to construction activity at a residential project in Baner after the Maharashtra Pollution Control Board (MPCB) reported several violations concerning dust, noise, and construction waste norms. The tribunal issued this directive while addressing a petition from the Supreme Pallacio Cooperative Housing Society against a real estate LLP, which alleged significant pollution impacting the residents. The residents requested an interim injunction to stop construction until proper measures were taken to manage air pollution. The NGT reviewed the MPCB’s inspection report from July 15, which noted insufficient acoustic…

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ED Files Chargesheet Against Gurugram Realty Firm for PMAY Fraud

NEW DELHI: The Enforcement Directorate is anticipated to file a chargesheet soon against a Gurugram-based real estate firm and its promoters in a multi-crore money laundering inquiry linked to alleged discrepancies in the Pradhan Mantri Awas Yojna (PMAY) and fraud against homebuyers, official sources revealed on Sunday. Swaraj Singh Yadav, the Managing Director and “key person” of Ocean Seven Buildtech Pvt. Ltd. (OSBPL), was arrested by the federal agency on November 13 and is currently in judicial custody. The ED has accused Yadav of “fraudulently diverting” and laundering Rs 222 crore of homebuyers’ funds received under PMAY by canceling and…

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Himachal Assembly Sends Land Reforms Bill to Select Committee

DHARAMSHALA | SHIMLA: On Friday, the Himachal Pradesh Assembly referred the state’s Tenancy and Land Reforms (Amendment) Bill, 2025 to the Select Committee following discussions. The Bill was meant for discussion and passing on the final day of the Winter Session. BJP member Randhir Sharma proposed referring the Bill to a Select Committee. Chief Minister Sukhvinder Singh Sukhu supported the proposal, leading Speaker Kuldeep Singh Pathania to announce that the Bill would indeed be forwarded to the Select Committee, which will include members from both the ruling and opposition parties. This Select Committee will review the Bill and present its…

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Maharashtra Grants Legal Status to Digital Land Records

Representative AI image NAGPUR: On Thursday, the Maharashtra government officially recognized digitally signed 7/12, 8-A, and property card extracts, signifying a significant transformation in the state’s land administration. Revenue Minister Chandrashekhar Bawankule has instructed district collectors to treat these digital land records as legally binding for all governmental bodies, courts, banks, and registration offices, thereby eliminating a process that has long been hindered by bureaucracy, delays, and dependence on manual signatures. Effective immediately, citizens can download certified copies of their land documents online via the Mahabhumi portal for ₹15. These extracts are embedded with a digital signature, a scannable QR…

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SC: Surging Real Estate Disputes in Delhi, Mumbai Affect Builders

NEW DELHI: The Supreme Court expressed its concerns on Friday regarding the increasing number of homebuyer cases in Delhi-NCR and the re-development projects in Mumbai, noting its adverse impact on the reputation of real estate developers. A bench consisting of Justices J.B. Pardiwala and P.B. Varale was addressing a dispute related to the re-development of a Mumbai housing society. They remarked that the scale of real-estate disputes is alarming in both Delhi-NCR and Mumbai. “This real estate issue is quite serious in these areas. In Delhi-NCR, countless homebuyers are impacted by housing projects, while Mumbai faces challenges with re-development initiatives.…

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Mormugao Seals Two Banks Over Rent Defaults

VASCO: On Thursday, the Mormugao Municipal Council (MMC) sealed the branches of a public sector bank and a private bank due to unpaid rent. “The private bank branch in town and the public sector bank branch at Mangor Hill were sealed for failing to meet their rent obligations,” stated MMC chairperson Girish Borkar to TOI. The private bank owed Rs 6 lakh, while the PSU bank had an outstanding amount of Rs 3 lakh. This recovery effort was led by MMC chief officer Siddhivinayak Naik, in collaboration with municipal engineers and inspectors. “MMC is committed to taking strict measures against…

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NKDA Sends Notices to 37 New Town Buildings in Kolkata

Representative image KOLKATA: The New Town Kolkata Development Authority (NKDA) has issued stop operation notices to the owners of 37 residential buildings in New Town for illegally operating hotels and guest houses without the required permissions. According to the list of buildings receiving these notices, 19 are situated in various blocks of New Town Action Area I, while 18 are in Action Area II. Officials reported that these residential premises were functioning as guest houses, hotels, and banquet halls without the necessary approvals from relevant authorities. “These operations violate a notification from the state urban development department issued in 2015,…

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Nashik Collects ₹196 Crore in Property Tax This Fiscal Year

NASHIK: The civic body has reported an 8% increase in property tax collections for the first eight months of the financial year 2025-26, totaling Rs 196 crore from April 1 to December 4, compared to Rs 181 crore during the same timeframe last year (2024-25). According to officials from the Nashik Municipal Corporation (NMC), the Cidco division led the collections with Rs 42.8 crore, followed by Panchavati at Rs 39.3 crore, Nashik East at Rs 33 crore, and Nashik West at Rs 30.7 crore. The remainder of the collections originated from Nashik Road and Satpur divisions. NMC set a property…