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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Nagpur: Mhada Alleges ₹1.39 Crore Fraud by Private Firm Director

NAGPUR: The Sitabuldi police have initiated a cheating case against Bhupendra Chandrikapure, the director of a private firm engaged by the Maharashtra Housing and Area Development Authority (Mhada) in October 2022 for selling unsold flats built under its schemes. The complaint, lodged by the deputy chief officer of the Nagpur Housing and Area Development Board, claims that Chandrikapure had no authorization to directly collect money from buyers. Nonetheless, between October 2022 and July 2025, he allegedly gathered significant sums from 44 beneficiaries by promising flats and home loans and charging additional fees for electricity connections and other amenities. The victims…

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SC Criticizes SEBI’s Double Standards in Indiabulls Probe

NEW DELHI: The Supreme Court has expressed concerns over the CBI and SEBI’s “reluctance” to investigate allegations of questionable transactions involving Indiabulls Housing Finance Limited (IHFL), now rebranded as Sammaan Capital Limited. The court ordered the CBI director to convene a meeting with SEBI, SFIO, and ED to address the matter. A bench including Justices Surya Kant, Ujjal Bhuyan, and N. Kotiswar Singh criticized the Ministry of Corporate Affairs (MCA) for its handling of multiple offenses committed by IHFL, citing “double standards” in SEBI’s regulatory actions. The court questioned the delay in filing a First Information Report (FIR) and emphasized…

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Odisha HC Orders Shantipalli Basti Residents to Vacate for Project

BHUBANESWAR: The Orissa High Court has ordered the residents of Shantipalli Basti in Bhubaneswar to vacate their homes and relocate to designated temporary accommodations. This move is aimed at facilitating the completion of the Shantipalli Awas Yojana, a significant in-situ slum redevelopment initiative under the Pradhan Mantri Awas Yojana (Urban). Justice Sanjeeb K Panigrahi delivered this ruling in response to several petitions from beneficiaries of the project. He upheld the legal transfer of land to the Bhubaneswar Development Authority (BDA) and validated the State Level Sanctioning and Monitoring Committee’s decision to set the beneficiary contribution at Rs 1.5 lakh per…

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Pune Land Deal Report Blames Sub-Registrar, Two Others; No Parth Pawar

PUNE: A committee led by a Joint Inspector General of Registration (IGR) has completed its investigation into a controversial Rs 300-crore land transaction involving a Pune firm co-owned by Parth Pawar, son of Maharashtra Deputy CM Ajit Pawar. The committee has identified three individuals named in a police FIR, according to an official report. The three-member panel’s findings were submitted on Tuesday, but it did not implicate Parth Pawar, as his name was absent from any of the relevant documentation, as per a senior official’s statement to PTI. Joint IGR Rajendra Muthe, who led the committee, presented the report to…

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Delhi Court Grants 14-Day Judicial Custody to Ex-Jaypee MD

NEW DELHI: On Tuesday, a Delhi court ordered former Jaypee Infratech MD Manoj Gaur, who is facing charges in a money laundering case, to be held in judicial custody for 14 days. Previously, on November 13, he had been taken into custody by the Enforcement Directorate (ED) for five days. After completing his interrogation, Gaur appeared before a sessions court, which granted the ED’s request to extend his custody. The ED arrested Gaur amid an investigation into a ₹14,599 crore fraud involving homebuyers. According to the agency, funds raised from thousands of homebuyers for residential project construction were misappropriated, thereby…

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SC Delays Sahara’s Property Sale Hearing to Adani by 6 Weeks

NEW DELHI: On Monday, the Supreme Court postponed the hearing on Sahara Group’s request to sell properties to the Adani Group by six weeks. The court directed the Centre to respond to the note submitted by the amicus curiae regarding the matter. A bench comprising Chief Justice BR Gavai and Justices Surya Kant and MM Sundresh incorporated the Ministry of Cooperation after Solicitor General Tushar Mehta informed that multiple cooperative societies formed by the Sahara Group may be impacted. Senior advocate Shekhar Naphade, acting as an amicus curiae, presented a note to the court, highlighting numerous objections regarding the properties…

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Punjab and Haryana Bar Council Approves M3M India Directors

NEW DELHI: The privilege committee of the Bar Council of Punjab & Haryana has exonerated M3M India directors Roop Bansal and Yateesh Wahal, along with 17 lawyers representing them, from claims of bench hunting and forum shopping. In a comprehensive seven-page order issued on November 12, 2025, the Committee concluded that there was no evidence of malicious intent or any organized effort to sway case assignments. The order indicated that withdrawals, re-filings, and listings of cases are standard practice within legal proceedings. The committee’s conclusions came after a thorough examination of written submissions, affidavits, and electronic communications, as well as…

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Allahabad HC Rejects Noida Authority’s Charge on Windsor Tower

NOIDA: The Allahabad High Court has overturned a nearly Rs 12 crore demand made by Noida Authority from Windsor Corporate Tower. In a ruling delivered on October 31, Justice Prakash Padia stated that extension fees should be calculated based on the original lease premium rather than current allotment rates or location fees. The court annulled three orders — dated May 25, 2018, September 3, 2020, and January 15, 2021 — issued by Noida Authority and the state government. The court mandated that the Authority must recalculate the extension fees strictly according to the original lease agreement and reimburse any excess…

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Odisha HC Permits Vigilance Court Trial in BDA Scam Case

CUTTACK: The Orissa High Court has upheld a vigilance court’s ruling that denied the discharge of former officials involved in the 2014 Bhubaneswar Development Authority (BDA) plot allotment scandal, affirming that sufficient evidence exists for the trial to move forward. Justice Chittaranjan Dash rejected criminal revision petitions put forth by Bibhuti Bhusan Ray and Prakash Chandra Patra, along with two co-defendants, contesting the November 23, 2024 order from the additional special judge (vigilance) in Bhubaneswar. The petitions sought to dismiss charges related to the alleged irregular allotment of 10 commercial plots in Chandrasekharpur. In his judgment on November 12, Justice…

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Haryana’s Wazirabad Tehsil Faces Probe Ahead of Property Registry Launch

GURUGRAM: Allegations of widespread irregularities have emerged in Wazirabad tehsil just prior to the shift to an online property registration system, prompting the deputy commissioner to initiate an inquiry. “The Badshahpur sub-divisional magistrate has been instructed to investigate and provide a report promptly,” stated a senior official. SDM Sanjeev Kumar remarked, “The investigation is underway. We have requested all relevant records from the tehsil administration.” Sources indicate that several property deeds were manually registered on October 31—the final day before the complete transition to the online system—despite existing restrictions on certain properties and builders. Officials reported that numerous transactions amounting…