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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Jan Vishwas Bill: Major Regulatory Changes for Assam’s Land Use

Representative AI image GUWAHATI: On Thursday, the Assam government introduced a bill to amend six state acts aimed at reducing regulatory compliance. The Assam Jan Vishwas (Amendment of Provisions) Bill, 2026, aligns with the Centre’s initiative to deregulate and lessen compliance burdens. The bill aims to eliminate outdated regulations and streamline approvals to enhance living conditions and ease of business. The proposed changes impact laws related to school and university education, urban and regional planning, fire and emergency services, land reclassification, and cinema regulation. According to the statement of objectives, the Centre aims to alleviate legal and procedural burdens on…

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Punjab & Haryana HC Halts New Allotments in Gurugram Project

NEW DELHI: The Punjab & Haryana High Court has issued an order preventing IREO Group entities and Oberoi Realty from making new allotments or establishing third-party rights in a residential project located in Gurugram until the Haryana Department of Town and Country Planning (DTCP) reviews a complaint submitted by Advance India Projects. The interim order, issued on July 7, 2026, relates to the ‘Three Sixty North’ project on Golf Course Extension Road in sector 58, Gurugram. In a regulatory announcement, Oberoi Realty stated that the court’s directive does not affect existing sales and does not halt construction work. The company…

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ED Raids Builders in Delhi-NCR Over ‘Subvention Scheme’ Fraud

NEW DELHI: The Enforcement Directorate (ED) conducted searches at various locations in Delhi-NCR on Wednesday as part of a money laundering investigation linked to alleged fraud involving homebuyers with subvention schemes, officials reported. At least five premises associated with three companies—CHD Developers Ltd., Ninex Developers Ltd., and Manju J Homes (India) Ltd.—were raided under the Prevention of Money Laundering Act (PMLA). The companies were not immediately reachable for comment. The ED’s investigation arises from three FIRs filed by the Central Bureau of Investigation (CBI) in 2025 under the Supreme Court’s direction. The CBI found that builders allegedly misled homebuyers and…

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NGT Requests CAQM Feedback on Builder’s Closure Notice Appeal

NEW DELHI: The National Green Tribunal has requested responses from the Commission for Air Quality Management (CAQM) in the National Capital Region and surrounding areas regarding an appeal from a Haryana-based construction firm contesting a closure notice. The tribunal was addressing a plea from Ramakrishna Buildwell Pvt Ltd, which challenged the closure notice issued by CAQM on April 30 of this year. On July 6, a panel led by NGT Chairperson Justice Prakash Shrivastava and expert member Afroz Ahmad noted that the company’s advocate mentioned the closure notice had previously been disputed in the Punjab and Haryana High Court, which…

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CBI Files Two Charge Sheets in Homebuyer Fraud Cases

NEW DELHI: The CBI has submitted two chargesheets—one targeting Ithaca Estate Pvt Ltd and the other against LGCL Urban Homes (India) LLP—regarding significant fraud against homebuyers in Bengaluru, officials announced on Tuesday. The central agency has implicated directors of the two companies, as well as officials from HDFC Bank Ltd, ICICI Bank Ltd, and Indiabulls Housing Finance Ltd, in connection with alleged fraudulent activities within a housing project, as stated by a CBI spokesperson. “Both chargesheets have been filed in the designated CBI court in Bengaluru,” the spokesperson added. Investigations suggest that the accused construction firms and their directors, in…

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Chandigarh Estate Office Doubles Revenue Recovery in FY26

CHANDIGARH: The UT estate office has seen a remarkable increase in revenue for the financial year 2025-26, collecting Rs 335.05 crore compared to Rs 164.5 crore in the previous year. This represents a growth of over Rs 170 crore, which is more than 103%, attributed to enhanced enforcement, digital improvements, and quicker resolution of pending cases. An official from the estate office revealed that significant advancements have been made in the revenue collection mechanisms over the last two years. Strategies included focused recovery drives, timely issuance of demand notices, expedited case resolutions, digitization of records, online payment options, and rigorous…

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NBW Issued for Deluris Buildtech’s MD in Compensation Case

Representative AI image GURUGRAM: The District Consumer Disputes Redressal Commission-VI in New Delhi has issued non-bailable warrants against Deluris Buildtech India’s Managing Director, Vipul Sachdeva, and Director, Ajay Bharti, for failing to comply with its orders related to homebuyer grievances. The warrants stemmed from separate execution proceedings concerning complaints lodged by homebuyers Archana Mehra and Amit Rana regarding the Zara Rossa project in Gurgaon’s Sector 112. The commission highlighted that the developer did not heed its prior directives despite receiving notice. Homebuyers claimed that Deluris Buildtech failed to deliver possession of their apartments in a timely manner and sought damages…

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Court Denies Bail to Ex-Lodha Director in ₹181 Crore Scam

MUMBAI: On Monday, a court denied bail to Rajendra Lodha, the former director of Lodha Developers, in a Rs 181 crore corporate land fraud case, emphasizing that such offences undermine public trust in commercial and financial institutions. Additional Sessions Judge P A Sable noted that the preliminary evidence suggests Lodha played a crucial role in the alleged conspiracy. The prosecution claims that Lodha orchestrated a well-planned, prolonged economic conspiracy, misusing his fiduciary authority to unlawfully sell company-owned land to various developers at undervalued prices. He is accused of conspiring with multiple individuals, including his son Sahil Lodha, to fabricate documents…

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Telangana Unveils CURE Bill to Replace 1955 GHMC Act

HYDERABAD: The Telangana government has introduced the draft Core Urban Region (Integrated Governance) Bill, 2026 (CURE Bill), citing the Greater Hyderabad Municipal Corporation (GHMC) Act of 1955 as inadequate for the rapidly expanding metropolitan area. The government is now inviting suggestions and feedback from citizens, Resident Welfare Associations (RWAs), industry groups, professional organizations, and other stakeholders on the draft until July 24 via the official websites of the three municipal corporations in Greater Hyderabad. While many provisions of the GHMC Act are retained, the new legislation proposes numerous reforms aimed at governance, environmental sustainability, and public safety, addressing the needs…

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Indore Cancels Licenses of Five Consultants for Permit Fraud

INDORE: The Indore Municipal Corporation (IMC) has escalated its efforts against the abuse of its automated ‘deemed approval’ system for building permits, resulting in the cancellation of licenses for five consultants and engineers. This decision, led by IMC Commissioner Kshitij Singhal and Additional Commissioner Prakhar Singh, came after a probe into the issuance of online building permits. The system, intended to automatically approve plans for smaller structures within 24 hours without manual checks, was manipulated by applicants to evade necessary fees and reduce future property tax responsibilities. A review of 300 online building permissions over a two-month period surfaced evidence…