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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Architects, Officials Colluded for Illegal Construction: ED

NEW DELHI: A significant cartel, comprising architects, chartered accountants, and officials of the Vasai Virar City Municipal Corporation in Maharashtra, has been implicated in extensive illegal construction on land designated for sewage treatment plants. According to the Enforcement Directorate (ED), these individuals sold this land fraudulently to the public. The federal agency confirmed that on July 1, they conducted searches at 16 sites related to a money laundering investigation concerning 41 illegal buildings in the Vasai Virar area. During these raids, the ED froze bank deposits and mutual funds valued at ₹12.71 crore and seized ₹26 lakh in cash, along…

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Delhi HC: Rent Control Act is Outdated Legislation

NEW DELHI: The Delhi High Court has described the Delhi Rent Control Act as an “outdated law,” criticizing its “severe” misuse that has left property owners in distress as affluent tenants “unfairly occupy properties for decades.” Justice Anup Jairam Bhambani was reviewing petitions challenging the 2013 decisions of the Additional Rent Controller (ARC), which had denied eviction petitions from property owners based in the UK and Dubai in Sadar Bazar, siding with the tenants. “This court must note that while managing the Rent Control Roster, it has uncovered numerous instances of wealthy tenants, enjoying financial stability, unjustly residing in properties…

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Bombay HC questions BMC on buildings lacking fire NOC

Bombay High Court MUMBAI: The Bombay High Court has requested the BMC to clarify its plans regarding buildings in Mumbai lacking a fire no-objection certificate (NOC). The court posed a pointed question: “Will you ignore this issue, or will you take action? We expect a detailed affidavit stating the required steps when a fire NOC is not present. If this is omitted, we will interpret it as tacit approval, suggesting that it is the municipal corporation’s policy to allow occupancy without a fire NOC, thereby endangering lives,” remarked Justices Girish Kulkarni and Arif Doctor. This discussion arose during a hearing…

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ED Suspends HMDA Official; ₹250 Crore Assets and Realtor Links Under Investigation

HYDERABAD: On Wednesday, the Enforcement Directorate (ED) in Hyderabad carried out searches at several locations associated with suspended HMDA official Shiva Balakrishna. This action is part of an ongoing investigation into alleged disproportionate assets identified by the Anti-Corruption Bureau (ACB). Shiva Balakrishna, previously a planning officer at Hyderabad Metro Rail Limited (HMRL) and in-charge Secretary of the Telangana Real Estate Regulatory Authority (RERA), was arrested by the ACB on January 25 for possessing assets disproportionate to his known income sources. The ACB also took his brother, Naveen Kumar, into custody in connection with the case. The ED has initiated an…

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Probe Launched into TDR Scam on Deolali Reserved Land

NASHIK: On Thursday, Ram Shinde, chairman of the Maharashtra Legislative Council, ordered the civic and district administration to investigate a purported Transfer of Development Rights (TDR) scam concerning land acquisition for public amenities in Deolali, Nashik. He requested a report be submitted within 15 days. The directive followed a meeting with relevant officials after a complaint surfaced that the Nashik Municipal Corporation granted TDR certificates to a landowner at rates surpassing the government’s market value in return for land at Survey No. 295 in Deolali, which is earmarked for a garden, school, and an 18m DP Road. This meeting occurred…

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ED seizes ₹557 crore assets of Mahira Group in money laundering

NEW DELHI: The Enforcement Directorate (ED) has provisionally attached assets worth around Rs 557.43 crore as part of a money laundering investigation concerning Mahira Infratech Pvt Ltd (previously known as M/s Sai Aina Farms Pvt Ltd), M/s Mahira Buildtech Pvt Ltd, and M/s Czar Buildwell Pvt Ltd. According to an official statement, the ED utilized the Prevention of Money Laundering Act (PMLA) of 2002 to attach several assets, including seven immovable properties that total about 35 acres of residential and commercial land in Gurugram’s Sectors 68, 63A, 103, 104, 92, 88B, and 95. Additionally, Fixed Deposit Receipts (FDRs) amounting to…

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Lucknow: Ten FIRs Filed Against Ansal API in One Day

Representative Image LUCKNOW: Ten new FIRs were filed against Ansal API at the Sushant Golf City police station on Thursday and Friday, increasing the total number of cases against the real estate firm in Lucknow to 224. The complaints allege fraudulent activities relating to undelivered properties, including flats, villas, and plots, totaling over Rs 1.72 crore. Tanuja Krishna Dubey, a resident of Railway Officers’ Colony, stated that her late father purchased a plot in 2011 and paid Rs 33.60 lakh by 2015. Despite numerous requests, the registry was never processed. Following her father’s death in 2022, Tanuja claims she was…

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Odisha HC’s Ruling Boosts Real Estate, Safeguards Homebuyers

BHUBANESWAR: Recent orders from the Orissa High Court, largely favoring homebuyers, are poised to transform the real estate landscape in Bhubaneswar. Experts believe this signals a decline in developer monopolies. The court issued a stay on the construction of an access road by a developer for his new project, responding to a plea from an allottee’s association from a major housing initiative at Paikarapur in Kalinga Nagar. The roadwork was reportedly undertaken within the common areas of the existing housing project. The developer was advancing the housing project in phases, a detail withheld from the original project owners. Allegations arose…

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Builder in Vadodara to Refund Buyer for Delayed Possession

VADODARA: A real estate group in Vadodara has been ordered by the State Consumer Disputes Redressal Commission to refund ₹28.42 lakh to Dr. Nilam Desai and Dr. Rasesh Desai due to the failure to deliver possession of a flat booked in their project. The complainants, represented by advocate Akhil Dave, reported that they booked a flat in the developer’s Vadodara project in 2012, with possession expected by April 2016, as stated in the agreement. They initially paid ₹6 lakh by cheque and the remaining ₹22.42 lakh through a private bank loan. As per the agreement, the loan disbursal was tied…