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 Declines Plea on Delhi HC Ruling in Signature View Case

Sure! Here’s a rewritten version of the content: NEW DELHI: On Friday, the Supreme Court declined to consider a petition that challenged a Delhi High Court ruling stating that there would be no halt to the demolition of the Signature View Apartments in Mukherjee Nagar, New Delhi. The petition was presented to a bench comprising Justices Sanjay Kumar and Alok Aradhe, seeking a suspension of the interim order issued by a division bench of the high court on September 17. The Signature View Apartments are part of a multi-storey residential project initiated by the Delhi Development Authority (DDA) in 2010.…

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Gurugram body cracks down on tax defaulters, seals properties

GURUGRAM: In a strengthened effort to address property tax defaulters, the MCG has sealed three properties located in Ambience Island. These properties have outstanding dues totaling Rs 3 crore. Despite numerous notifications and warnings, the owners have failed to clear the amounts owed. This operation was executed by Rajesh Yadav, the zonal taxation officer of zone 3. MCG Commissioner Pradeep Dahiya stated that the municipal body is engaged in an ongoing campaign against tax defaulters. “Property tax serves as the primary revenue for the corporation, funding various development projects in the city. Hence, we will take stringent measures against those…

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Telangana HC rebukes collector for delay in land report

HYDERABAD: The Telangana High Court expressed dissatisfaction with the Rangareddy district collector for failing to submit an affidavit after more than three months, stating that this reflected poorly on his diligence. “What is stopping you? You have not filed the report even after three months,” remarked the court. Justice EV Venugopal made these comments while addressing a petition and contempt case regarding alleged illegal constructions on government lands classified as prohibited in Nagaram village, Maheswaram mandal. The disputed lands are reportedly part of Bhoodan properties, with allegations that several current and retired IAS and IPS officers and their family members…

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ED files chargesheet against ex-VVCMC chief in building case

MUMBAI: The Enforcement Directorate (ED) has filed a chargesheet against former Vasai-Virar City Municipal Corporation (VVCM) chief Anil Pawar (IAS), town planning deputy director Y.S. Reddy, and 16 others over a money laundering case related to illegal building constructions. As part of the investigation, the ED has attached properties worth around ₹71 crore belonging to the accused and builders who constructed 41 illegal buildings in Vasai Virar, which are now set for demolition following a Bombay High Court ruling. In August, the ED arrested Pawar, Reddy, and two others; they are currently in custody. The ED collected statements from several…

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ED Alerts Supreme Court to IHFL’s Financial Transaction Issues

NEW DELHI: On Wednesday, the Enforcement Directorate (ED) highlighted significant irregularities in the financial dealings of Indiabulls Housing Finance Ltd, now referred to as Sammaan Capital Ltd. This comes as an NGO informed the Supreme Court that the Ministry of Corporate Affairs (MCA) overlooked numerous corporate governance violations by IHFL, disregarding adverse reports from the market regulator, SEBI. Despite strong objections raised by senior advocate Harish Salve, representing Indiabulls, a bench comprising Justices Surya Kant, Ujjal Bhuyan, and N K Singh directed a ‘responsible officer’ from MCA to present original documents related to IHFL in court on November 19. The…

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HC Issues Notice to Goa’s Planning Dept on Building Rule Changes

PANAJI: The Bombay High Court on Thursday issued notices to the Town and Country Planning (TCP) Department and its scrutiny committee regarding amendments to the Goa Land Development and Building Construction Regulations, 2010. These changes enable the Goa government to approve applications for relaxations on height and floor area ratio (FAR) restrictions, diverging from the current standards outlined in the regulations. The division bench comprising Justices Bharti Dangre and Ashish S. Chavan issued the notice in response to a petition from the Goa Foundation and residents from Margao, Panaji, Chimbel, and Pernem. The petition challenges the building relaxations granted to…

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Builders face FIR for alleged fraud by Delhi firm

NOIDA: A Delhi-based company has accused representatives from two real estate firms of defrauding it of Rs 1.6 crore in a fraudulent property transaction involving Alphathum’s Noida World One project in Sector 90. A complaint filed by NWD Soft Infrastructure Pvt Ltd’s legal head, Sakshi Budhiraja, at Sector 142 police station claims that representatives from Bhutani Infra and CBS International misrepresented ownership of a commercial unit in Noida World One and diverted payments. An FIR has been filed against 11 senior executives—Gaurav Sharma, Rajesh Tandon, Sanjay Rastogi, Prem Bhutani, Aditya Raj Saxena, Naman, Naseem, Sakshi, Madhuri, Amit, and Anuradha Sharma—under…

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Madhya Pradesh HC slams illegal builds near Kaliyasot Dam

Representative photo BHOPAL: The Madhya Pradesh High Court issued notices on Wednesday to several respondents, including two retired IAS officers, a businessman, the Urban Administration Commissioner, the Bhopal Municipal Commissioner, the Director of Town and Country Planning, and the builder associated with the upscale ‘Whispering Palms’ development near Kaliyasot dam. The notices concern allegations of excessive construction by certain residents, which contravene the Bhopal Master Plan-2005 guidelines. The bench led by Justice Vishal Mishra issued these notices during a preliminary hearing of a petition filed by Mahesh Singh Parmar and Raj Bahadur Prasad. Their lawyers, Rahul Diwakar and Harshwardhan Tiwari,…

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FIR Filed Against Sikka Directors for Cheating Homebuyer

NOIDA: A city court has instructed the police to file a case against the directors of Sikka Pinnacle Super Structure Pvt Ltd and three senior staff members for allegedly defrauding a homebuyer of ₹79 lakh. The issue arose after the company failed to deliver a flat booked in 2022 and subsequently sold it to another buyer. As a result of the court’s order, Sector 113 police registered an FIR against the company’s directors, Harvinder Singh Sikka and Gurneet Singh Sikka, along with senior officials Gurleen Kaur (CRM head), Rajiv Sharma (marketing head), and Himanshu Jain (project head), as well as…

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SC Requests MCA Records on Indiabulls Complaint Closures

NEW DELHI: The Supreme Court on Wednesday instructed the Ministry of Corporate Affairs to submit the original records related to the closures of irregularities identified by the Securities Exchange Board of India (SEBI) concerning Indiabulls Housing Finance Limited, now known as Sammaan Capital Limited. A bench comprised of Justices Surya Kant, Ujjal Bhuyan, and N Kotiswar Singh requested Additional Solicitor General SV Raju, representing central investigating agencies, to clarify how many cases have been closed. “We wish to understand the extent of your leniency in resolving hundreds of objections,” Justice Kant remarked, directing that a senior official from the Ministry…