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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ED Seizes ₹100 Crore in Assets from Unnati Fortune Holdings

NEW DELHI: The Enforcement Directorate announced on Monday that it has attached fresh assets worth over Rs 100 crore belonging to a realtor from Uttar Pradesh and his company under the anti-money laundering law related to a cheating case. The assets are tied to ‘The Aranya Project,’ developed by Unnati Fortune Holdings Limited (UFHL), headed by Anil Mithas. Mithas, based in Ghaziabad, was arrested by the federal probe agency in April and remains in judicial custody. A chargesheet was submitted by the ED to a special Prevention of Money Laundering Act (PMLA) court in Ghaziabad in May. The ED’s investigation…

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Punjab Cancels Developer’s Partial CLU Approval

MOHALI: In a significant blow to a local developer, the Punjab government has revoked a part of the Change of Land Use (CLU) permission previously granted for an industrial colony in Sector 102, covering the villages of Drari and Dhurali. The director of town and country planning in Punjab issued the cancellation on Thursday, alleging that the developer submitted forged documentation. The revocation involves 9 kanals and 15 marlas (approximately 1.3 acres) of land, which is now excluded from the project. The decision has left 200 investors, who have reportedly invested about Rs 250 crore, uncertain about the project’s future.…

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ED: Builder Paid ₹15 Crore Bribe to Vasai’s Ex-Civic Chief

MUMBAI: The Enforcement Directorate (ED) claims that a builder paid Anil Pawar, the former civic chief of Vasai-Virar, and Y S Reddy, the deputy director of town planning, a bribe of Rs 15 crore to secure project clearances. Both individuals were arrested in August during a money laundering investigation connected to alleged illegal constructions and corruption. While seeking Reddy’s custody, the ED reported that both he and Pawar demanded Rs 30 per square foot from the builder, totaling a bribe request of Rs 4.3 crore for one project. According to an employee under Reddy’s supervision, bribes were collected and delivered…

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Calcutta HC: Building Nod Can’t Be Denied Based on Old Plans

KOLKATA: The Calcutta High Court has ruled that the civic body cannot deny building permits based on a nearly 100-year-old street plan. The court annulled alignments for two streets from 1930 that had never been implemented. The Kolkata Municipal Corporation (KMC) had used this outdated plan to deny building permissions for properties at 74A Christopher Road and 32 Pulin Khatik Road. Justice Rai Chattopadhyay stated, “A plan must be acted upon within a reasonable timeframe. It is unfair for KMC to indefinitely uphold a historical street plan. The legislature allows for cancellation or modification of such plans after 10 years…

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NGT fines developer ₹2.5 crore for Thergaon project issues

PUNE: The National Green Tribunal has ordered a developer to pay ₹2.55 crore in environmental damage compensation to the Maharashtra Pollution Control Board within two months for not obtaining the required environmental clearance for a completed residential project in Thergaon, Pimpri Chinchwad. This ruling was made on September 3, following a 2016 petition by activist Tanaji Gambhire, who alleged that the project—which includes 497 flats and 25 commercial units—was constructed without the mandatory environment clearance (EC) and consent to establish. Gambhire also accused the Pimpri Chinchwad Municipal Corporation of neglecting concerns that part of the construction was located within flood…

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CCI Dismisses Emaar India’s Marbella Villa Complaint

Certainly! Here’s a rewritten version of the content you provided: — NEW DELHI: The Competition Commission of India (CCI) has dismissed a complaint against Emaar India Ltd concerning alleged anti-competitive practices related to its “Marbella” villa project in Gurugram. The CCI stated, “No prima facie case of violation of Sections 3 and 4 of the Act has been established against the opposing parties in this matter.” Sections 3 and 4 pertain to agreements that restrict competition and abuse of a dominant position, respectively. The complaint originated from claims made by an informant who alleged that Emaar India Ltd, its subsidiary…

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SC considers panel to oversee Supertech Realtors projects

NEW DELHI: On Thursday, the Supreme Court contemplated the formation of a committee to manage the bidding process and selection of a co-developer for the stalled construction of residential apartments, office spaces, retail areas, and a luxury hotel by Supertech Realtors. Supertech Realtors, part of the troubled real estate giant Supertech, is undergoing insolvency proceedings alongside several associated companies. The Supernova project, which Supertech Realtors is working on, has a budget of Rs 2,326.14 crore and covers a 70,002-square-metre plot located in Sector 94, Noida. The project is set to feature an 80-floor building, making it the tallest structure in…

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Odisha HC: Co-owners can sell undivided property shares freely

CUTTACK: The Orissa High Court recently upheld the rights of co-owners in joint properties, stating that a co-sharer can sell their undivided share without needing consent from other co-sharers. This resolution was issued by Justice Ananda Chandra Behera during a hearing regarding a petition from Padmini Barik. She contested the refusal of the Basudevpur sub-registrar in Bhadrak district to register her sale deed. Barik claimed her deed was rejected due to the absence of her co-sharers’ consent. The High Court deemed this refusal legally invalid. In the judgment delivered on August 25, Justice Behera referenced Section 44 of the Transfer…

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ED Uncovers ₹17 Crore Land Fraud Involving Dharani Misuse

HYDERABAD: An investigation by the Enforcement Directorate (ED) has uncovered alleged manipulation of the Dharani Portal, the state’s integrated land records management system, concerning the fraudulent acquisition and sale of government land in Nagaram village. Central to this case is a false affidavit that purportedly supported land succession and subsequent sale. The ED’s provisional attachment order indicates that Khader Unissa submitted an affidavit on the Dharani Portal, claiming to be the sole legal heir of her deceased father, Nawab Haji Ali Khan. Documentation and statements from revenue officials, however, confirm that Ali Khan had two sons, Farooq Ali Khan and…

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ED Raids 17 Builder Locations in Jaipur

JAIPUR: The Enforcement Directorate (ED) has executed extensive raids at various locations in the city, targeting the premises of businessmen involved in the real estate sector. The raids concentrated on 17 sites associated with businessmen Gyan Chand Agarwal, Jugal Kishor Derawala, Dalpat Singh, Govardhan Agarwal, and Anil Jain. These actions were initiated following a case under the Prevention of Money Laundering Act (PMLA) registered on June 9, 2025, which uncovered significant foreign investments by these individuals in Dubai, Singapore, Cyprus, and Hong Kong. Officials reported seizing important financial documents during the raids related to the accused’s dealings. Gyan Chand Agarwal…