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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Bombay HC: 2019 GR Directory Redevelopment Guidelines Not Mandatory

MUMBAI: The Bombay High Court has dismissed a petition from a member of a Goregaon (W) housing society who contested the appointment of a builder for redevelopment without a tender process, as per a government resolution from July 2019. “This court has previously determined that the July 4, 2019 GR is not mandatory but rather directory in nature. The guidelines aim to ensure a fair and transparent redevelopment process. Thus, any deviation or procedural lapse does not automatically constitute an actionable wrong unless it violates the intent of the directives or a statutory requirement,” stated Justices Suman Shyam and Manjusha…

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Whistleblower Targets Gov’t Dept & Civic Body in HC Contempt Action

THANE: Architect Sandeep Patil, who previously exposed a significant fraud involving MahaRera certificates in Dombivli, has returned to court. Last November, his efforts led the Bombay High Court to order the demolition of 65 illegally constructed buildings that were built using forged permissions. Patil has now filed a petition for contempt proceedings against the Kalyan-Dombivli Municipal Corporation (KDMC) and the state urban development department (UDD), claiming they have willfully ignored the court’s directives. The court had mandated that the government integrate the building permission systems of all 554 local bodies in Maharashtra with the MahaRera website to prevent similar frauds.…

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ED Seizes 34 More Properties Valued at ₹40 Crore in MUDA Case

NEW DELHI: The Enforcement Directorate (ED) has attached an additional 34 properties valued at over Rs 40 crore as part of its investigation into the Mysore Urban Development Authority (MUDA) land scam, bringing the total asset value attached to over Rs 440 crore. The investigation was initiated following an FIR filed by the Karnataka Lokayukta, focusing on a large-scale scam related to site allotments by MUDA officials. “The investigation uncovered a pattern of routing and layering of illegal payments received by GT Dinesh Kumar, former MUDA commissioner. The ill-gotten gains were used to acquire properties under the names of Kumar’s…

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Karnataka HC Calls for State to Develop Plot Guidelines

BENGALURU: The Karnataka High Court has called on the State Government to create a comprehensive framework to regulate land transactions involving converted lands located outside sanctioned layouts. Justice Sachin Shankar Magadum, while reviewing a writ petition, noted that the increasing number of such transactions necessitates a clear regulatory structure. “With many buyers acquiring sites in converted lands not part of approved layouts, it is crucial for the State to develop a comprehensive scheme to manage these transactions,” the court asserted. The judge emphasized that unless the government establishes appropriate guidelines or a regularisation mechanism under Section 17(2B) of the Karnataka…

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Lucknow seals Sahara Shaher for lease violations; company appeals

File Photo LUCKNOW: Sahara Shaher, located in Lucknow’s upscale Gomti Nagar, was sealed by municipal authorities on Monday due to alleged lease violations. Lucknow Mayor Sushma Kharkwal stated, “The decision to seal the premises was made because Sahara authorities breached the terms of their 30-year lease, which expires in 2024.” A team from the municipal corporation, supported by police, executed the sealing. According to SEBI regulations, Kharkwal mentioned that Sahara India violated the agreement signed in 1994 by failing to construct homes or develop any projects as mandated. The 170-acre Sahara Shaher land is now under the control of the…

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Telangana HC Censures Badangpet Civic Body for Illegal Builds

Telangana HC HYDERABAD: The Telangana High Court has instructed the Badangpet Municipal Corporation, situated on the outskirts of Hyderabad, to take decisive and immediate measures against illegal constructions on encroached lands under its jurisdiction. The order, issued on September 24 by Justice B. Vijaysen Reddy, came in response to a petition from the American Township Plot Owners Welfare Association, a residents’ welfare association from Balapur, Badangpet. The association alleged that a real estate firm and an individual were encroaching on land designated for a public road and had commenced construction. Despite several complaints, the RWA claimed the municipal corporation had…

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ED Seizes Ozone Urbana Assets Valued at ₹423 Crore in Karnataka

NEW DELHI: The Enforcement Directorate (ED) has attached unsold flats and land valued at over Rs 423 crore belonging to the promoters of a Karnataka-based real estate firm due to allegations of duping homebuyers. This action was taken on Saturday. The measures target Bengaluru-based Ozone Urbana Infra Developers and its primary promoter, S Vadudevan. A provisional order under the Prevention of Money Laundering Act (PMLA) has been issued to attach 92 flats in the Avenue project and 13 flats in the Aqua 2 project, as well as 4.5 acres of commercial land and personal properties belonging to Vasudevan, as stated…

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Nagpur Civic Body Auctions Properties to Recover Tax Dues

NAGPUR: In a significant move against property tax defaulters, the Nagpur Municipal Corporation (NMC) initiated property auctions and asset seizures in the Lakadganj and Laxmi Nagar zones to recover unpaid dues. In Lakadganj Zone (Ward 08), a public auction on Friday featured 19 properties in Mauja Pardi and Mauja Nagpur. During the event, five property owners settled their dues with a total of Rs10.45 lakh, while another five properties valued at Rs1.66 crore were successfully auctioned. Nine properties are still pending, and owners have until October 10, 2025, to make payments; otherwise, the NMC will auction them under the Maharashtra…

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Trichy Civic Body Increases Water, UGD Fees by Property Size

TRICHY: The Trichy corporation has updated its drinking water charges and underground drainage (UGD) user fees for households, now introducing costs based on the built-up area of residential properties. Monthly fees have risen by Rs20 to Rs40 per connection, causing concerns among residents who worry this might lead to increased monthly rents. Previously, the standard rate for drinking water was Rs180 per month per connection. With new byelaws approved by the Trichy corporation council, starting April 1, households can expect to pay between Rs180 and Rs360 monthly per connection (for up to 16 KL of water), depending on property size.…

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Income Tax Dept. Imposes ₹23 Crore Fine on Adani’s ACC

NEW DELHI: The Income Tax (I-T) department has issued two penalties to ACC Ltd, totaling Rs 23.07 crore, which the Adani Group company plans to challenge in appellate authorities. The I-T department has imposed a fine of Rs 14.22 crore for allegedly providing inaccurate income details for the Assessment Year 2015-16. Additionally, a penalty of Rs 8.85 crore has been levied for under-reporting income for the Assessment Year 2018-19. “The company will contest both orders by appealing to the Commissioner of Income Tax (Appeals) within the designated timelines and will concurrently seek a stay on the penalties,” ACC stated in…