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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Land Pooling Policy Delayed Until Aug 7 Hearing: Punjab AG

CHANDIGARH: On Wednesday, the Punjab advocate general informed the Punjab and Haryana High Court that the land pooling policy would be paused, with no further actions anticipated before the next hearing scheduled for Thursday. This announcement was made in response to a petition filed by Gurdeep Singh Gill, contesting the Punjab government’s land pooling scheme. The court has set Thursday, August 7, as the date for the next hearing. During Wednesday’s proceedings, the court queried whether the policy included provisions for rehabilitating landless laborers. The state has also been instructed to clarify if an assessment of the social impacts was…

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Delhi Court Allows AVUT to Assist in Sushil Ansal Case

Representational image NEW DELHI: A Delhi court has permitted the Association of the Victims of the Uphaar Tragedy (AVUT) to aid the prosecution in a fraud case against businessman Sushil Ansal. Ansal was found guilty in the 1997 Uphaar cinema fire incident that resulted in the deaths of 59 individuals. The chairperson of AVUT, Neelam Krishnamoorthy, submitted a request to assist the prosecution, citing specific concerns regarding the investigation and the chargesheet. In 2019, the Delhi Police’s crime branch charged Ansal under Section 12 of the Passport Act for allegedly obtaining a passport while concealing information about his nationality. Additionally,…

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50% Tax Waiver for PCMC Red Zone Properties Starting FY27

PUNE: The Pimpri Chinchwad Municipal Corporation (PCMC) decided on Tuesday to grant a 50% discount on the general tax for properties located in the red zone, starting from the next financial year. This move has sparked protests from numerous housing societies. The proposal for the tax waiver was approved in the PCMC’s standing committee and general body meetings. A senior official from the property tax department stated that the decision, effective April 1, 2026, pertains only to property owners who settle all outstanding dues. Pimpri Chinchwad Municipal Commissioner Shekhar Singh explained to TOI that the civic body currently struggles to…

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SC Supports SEIAA and SEAC’s Authority on Environmental Clearances

NEW DELHI: The Supreme Court (SC) has confirmed that the State Environment Impact Assessment Authority (SEIAA) and the State Expert Appraisal Committee (SEAC) will remain the primary authorities responsible for granting environmental clearances at the project level. This ruling addresses a long-standing regulatory standstill affecting over 493 real estate projects in the Mumbai Metropolitan Region (MMR) and Pune, which could impact more than 70,000 housing units, especially in the affordable and mid-income categories. The court’s decision is expected to clarify the environment clearance process, potentially revitalizing housing development in the area. The SC also invalidated sections of the notifications from…

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SC Revokes DHFL Promoter’s Bail, Orders Surrender in 2 Weeks

NEW DELHI: The Supreme Court on Tuesday revoked the bail previously granted to former DHFL promoter Dheeraj Wadhawan in connection with a substantial bank loan scam. A bench comprising Justices Sanjay Kumar and Satish Chandra Sharma issued the order after reviewing a medical board’s report and instructed Wadhawan to surrender within two weeks. The Delhi High Court had granted him bail on September 9, 2024, citing medical reasons, stating that Wadhawan fit the definition of a “sick person”. This ruling followed an appeal by the CBI against the high court’s decision. Additional Solicitor General S V Raju, representing the agency,…

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Karnataka HC: BDA Must Prove Title in Sadashivanagar Case

BENGALURU: The Karnataka High Court has resolved two writ appeals concerning a protracted land use and ownership dispute over a one-acre plot adjacent to the Sadashivanagar Club. The court ruled that the land use designation in the Bengaluru Master Plan has expired due to non-utilization. A division bench consisting of Justice SG Pandit and Justice TM Nadaf stated that any further actions on the application filed by members of the former Mysuru royal family would hinge on the outcome of a pending civil suit before the Bengaluru city civil judge. The appeals were put forth by the Bangalore Development Authority…

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Delhi HC Rejects Bail for DHFL Promoter in ₹34,926 Crore Fraud

NEW DELHI: The Delhi High Court denied bail to DHFL promoter Kapil Wadhawan in a Rs 34,926 crore bank fraud case, citing his “unreproachable” conduct in custody. Justice Ravinder Dudeja stated that such economic crimes affect not just individual victims but the entire financial system. The CBI alleges that Wadhawan was the principal architect of a significant financial fraud, diverting and misappropriating approximately Rs 34,926 crore from a consortium of 17 banks. The judge noted, “The applicant’s conduct during custody has not been beyond reproach. Allegations of manipulating valuable assets and transactions during judicial custody are serious and imply continued…

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Nagpur Tax Defaulters: Just 106 of 460,000 Properties Targeted

NAGPUR: The Nagpur Municipal Corporation (NMC) has commenced property auction proceedings against only 106 defaulters, which represents a negligible 0.002% of the 460,000 property owners who failed to pay their taxes during the 2024-25 fiscal year. Despite property tax arrears amounting to an alarming ₹938.7 crore, excluding penal interest, the NMC’s enforcement actions appear insufficient. Although the civic body has begun auctioning properties to recoup long-overdue payments, the scale of these actions is too minimal to significantly reduce the arrears or deter further tax non-compliance. According to data, the NMC issued 13,224 recovery warrants aimed at collecting ₹126.35 crore. Of…

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HC urges govt to stop illegal construction in Bhopal’s Arera Colony

Representative image created by AI BHOPAL: The rampant commercialization of the upscale residential area of Arera Colony has drawn the attention of the Madhya Pradesh High Court. The petitioners are asking for the court’s intervention to halt extensive illegal constructions including shops, showrooms, hotels, restaurants, office complexes, and other commercial enterprises in sections E-1 to E-5 of Arera Colony. This area has retained its residential designation since 1968, when it was leased to individuals for housing. The original land use remains unchanged, yet the area’s commercial encroachments are evident. Following an initial hearing, a division bench of the MP High…

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NCLT Excludes Phoenix ARC from Hotel Horizon Creditors’ Committee

The National Company Law Tribunal (NCLT) has partially accepted the request made by the suspended promoters of Hotel Horizon, ruling that the claim from asset reconstruction firm Phoenix ARC is invalid due to being barred by the statute of limitations. Hotel Horizon’s primary asset is a valuable 1.85-acre plot located in Juhu, Mumbai, with a view of the Arabian Sea. Last month, a consortium comprising Oberoi Realty, Shree Naman Developers, and JM Financial Properties received the committee of creditors’ (CoC) approval to acquire the company through the corporate insolvency resolution process (CIRP). The CoC has approved a resolution plan that…