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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SC Raises Concerns About Gurugram Court’s Cheque Bounce Cases

NEW DELHI: The Supreme Court expressed concerns regarding coercive actions taken by a Gurugram trial court against homebuyers, indicating it will review the situation based on substantial information it has. A bench comprising Justices Surya Kant and N. Kotiswar Singh directed the district and sessions judge in Gurugram to investigate the issuance of bailable and non-bailable warrants related to cheque bounce cases under the Negotiable Instrument Act aimed at recovering money from homebuyers. “We are receiving numerous reports regarding the Gurugram trial court’s conduct. We will investigate and determine appropriate actions,” noted the bench. This directive was given during the…

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Punjab Cabinet Greenlights Changes to Land Pooling Policy

CHANDIGARH: The Punjab Cabinet has approved revisions to its land pooling policy, with Chief Minister Bhagwant Mann criticizing opposition parties for what he calls misinformation about the scheme. Mann refuted claims from the opposition that the policy would “rob” farmers of their land, asserting that the agricultural community is supportive of the initiative. Last month, the Punjab Cabinet endorsed this land pooling policy, ensuring that no land will be forcibly acquired from owners. After a Cabinet meeting, Mann stated that the opposition’s assertion that land registries will cease once a notification is issued is unfounded. He explained that if an…

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Final Warning Issued to 60 Sushant Lok Homes in Gurugram

GURUGRAM: More than a month after receiving no responses from property owners regarding its notices, the Department of Town and Country Planning (DTCP), led by District Town Planner Amit Madholia, has intensified enforcement efforts in Sushant Lok 2. Restoration orders have now been issued for over 60 residential properties due to violations of building codes and unauthorized commercial activities. These restoration orders serve as the final warning—failure to comply could result in “sealing, demolition, or even cancellation of occupation certificates.” Amit Madholia stated, “This action is being conducted in strict accordance with planning regulations. Property owners who have violated residential…

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SC Approves Adani Cementation’s Removal of 158 Mangrove Trees

(Representative Image) The Supreme Court has upheld the Bombay High Court’s decision allowing Adani Cementation to remove 158 mangrove trees for the construction of a jetty project along the Amba River in Maharashtra’s Raigad district. This project, which occupies an area of 1.26 hectares within the Coastal Regulation Zone (CRZ) designated for mangrove forests, is intended to facilitate the transportation of cement and other materials via waterways, alongside a conveyor corridor and access road to support a cement grinding and fly ash processing unit and a backup storage unit in Shahapur and Shahabaz. It aims to meet the increasing cement…

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ED Arrests Two Directors of Ramprastha Group

NEW DELHI: The Enforcement Directorate arrested Sandeep Yadav and Arvind Walia, promoters of Haryana’s Ramprastha Group, on Monday as part of a money laundering probe linked to an alleged ₹1,100 crore fraud involving homebuyers, according to official sources. The arrests followed early morning raids at three locations in Delhi and Gurugram, including those of the directors, conducted by the federal agency’s Gurugram zonal office. The duo serves as directors and majority shareholders of Ramprastha Promoters and Developers Pvt. Ltd. (RPDPL). They have been taken into custody under the Prevention of Money Laundering Act (PMLA). Attempts to reach the company or…

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Greater Noida: Builders’ ₹4,000 Cr Dues Amid Legal Issues

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) is currently grappling with unpaid dues totaling Rs 4,081 crore from 21 significant real estate projects. Legal proceedings at various levels—from the National Company Law Tribunal (NCLT) to the Supreme Court—have created obstacles for the Authority in recovering these amounts. A report from GNIDA indicates that each project owes over Rs 100 crore, with Supertech Ltd at the forefront as the largest defaulter. The company has outstanding payments of Rs 903 crore, attributed to three projects—Rs 312 crore for one in Sector 1 and Rs 590 crore across two in Sector 16B.…

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Mysuru Proposes Upgrade to Grade 1 City Corporation Status

MYSURU: Following the state’s decision to not pursue the establishment of the Greater Mysuru City Corporation due to insufficient population, the Mysuru City Corporation (MCC) has submitted a new proposal to the government requesting an upgrade to grade 1 MCC. The aim of the proposal is to elevate MCC to a grade 1 city corporation similar to the Hubballi-Dharwad City Corporation. This would involve merging the existing City Municipal Council and town panchayats located on the city’s periphery. The state government is expected to endorse the proposal. A proposal was submitted to the state urban development department following directives from…

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Tamil Nadu revises property valuation methods

CHENNAI: To improve transparency and fairness in property transactions, the state government has revised the stamp rule framework, introducing the concept of “composite value” for apartments and flats while allowing more flexible guideline value revisions. The new regulations, which take effect from June 23, represent a significant change in property valuation practices in Tamil Nadu. The reforms enable the valuation committee to update guideline values at any time during the year, rather than being restricted to a specific month. “Previously, revisions were limited to October. If a decision was made in April to adjust values, we had to wait. Now,…

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HC Orders Residents to Vacate 18-Floor Building in 2 Weeks

MUMBAI: The Bombay High Court has labeled residents of the top 18 floors of the 34-storey Willingdon Heights building in Tardeo as “selfish” for ignoring the need for an occupation certificate (OC). The court has ordered these occupants to vacate their flats within two weeks. A bench led by Justices Girish Kulkarni and Arif Doctor criticized the residents for their “brazen illegality” in occupying flats without the necessary OC. The court instructed the Brihanmumbai Municipal Corporation (BMC) to take action if the order is not followed, stating that these affluent residents are knowingly violating building regulations while evading legal consequences.…

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NGT Launches Probe into Illegal Sand Mining in Dhenkanal

CUTTACK: The National Green Tribunal (NGT) has mandated an investigation into alleged illegal sand mining at a quarry located along the Brahmani River in Dhenkanal district. This directive arose during a Friday hearing regarding a petition from a Talcher-based NGO, alleging that 11.80 acres of sand was being mined illegally at Gunadei village under Odapada tehsil, in violation of various environmental regulations. The petitioners’ legal representatives, Sankar Prasad Pani and Ashutosh Padhy (participating virtually), asserted the project was breaching the Sustainable Sand Mining Management Guidelines, 2016, established by the Union Ministry of Environment, Forests and Climate Change. The NGT’s east…