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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Mumbai SIT Arrests 11th Suspect in Land Forgery Case

MUMBAI: The Special Investigation Team (SIT) of Mumbai’s crime branch is investigating a land scam involving extensive tampering with property records to convert Coastal Regulation Zone (CRZ) and No Development Zone (NDZ) lands into developable plots along the coastline. Mohammed Vasi Akhtar Shaikh (38) has been arrested as the 11th accused, accused of manipulating city survey maps and bribing government officials. Shaikh allegedly received payments from landowners seeking to lift the NDZ designation from their properties to facilitate illegal construction. Investigations revealed that he bribed officials from the BMC’s P-North ward. In one instance, he allegedly paid Rs 6 lakh…

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CBI Targets Builders, Financial Officials in Crackdown

Image used for representation. NEW DELHI: The CBI conducted searches at 12 locations across Kolkata, Bengaluru, and Mumbai on Saturday, following the registration of six new cases against builders and financial institution officials for allegedly defrauding homebuyers. The agency is probing a collusion between builders and financial institution officials that deceived homebuyers in these cities, acting on directions from the Supreme Court. The FIRs include Bengaluru-based Ithaca Estate Private Limited, LGCL Urban Homes, Ozone Urbana Infra Developers Pvt. Ltd, Mumbai’s Shashwati Realty Pvt. Ltd, ACME Realties Pvt. Ltd, and Kolkata’s MKHS Housing LLP. Homebuyers approached the Supreme Court after being…

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ED Questions Actor Jagapathi Babu in Sahiti Infra Case

HYDERABAD: On Thursday, Enforcement Directorate (ED) officials interrogated actor Jagapathi Babu regarding the Sahiti Infra case. Investigations revealed that his financial interactions with the company were primarily legitimate. Sources indicated that the actor was summoned to clarify his financial transactions with Sahiti Infra, which is being scrutinized for allegedly defrauding numerous homebuyers. Jagapathi Babu had promoted the real estate company in various advertisements and received payment for his endorsements. The ED confirmed that there are no criminal proceeds associated with him. The ED’s prosecution complaint elaborated on the actions of Sahiti Infratech Ventures India Private Limited (SIVIPL), spearheaded by Boodati…

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Indore Files FIRs Against Developers of 16 Illegal Colonies

Sure! Here’s a rewritten version of the content: INDORE: On Thursday, the Indore district administration initiated legal action by ordering the filing of First Information Reports (FIRs) against the developers of 16 unauthorized colonies. Additional District Magistrate (ADM) Gaurav Benal stated, “This initiative is part of a wider enforcement against illegal construction and land-use in the area,” and confirmed that instructions have been given to file FIRs against the developers and colonizers under applicable laws. “The FIRs arise from the unauthorized development of these colonies without the necessary government approvals,” he stated. The ADM noted that, to date, FIRs have…

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SC Finds Tenant in Contempt, Imprisons for Not Vacating

NEW DELHI: On Friday, the Supreme Court found two individuals guilty of contempt for willfully disobeying its order to vacate their rental property in Saharanpur, Uttar Pradesh. The court imposed civil imprisonment on one of the individuals. A bench led by Justices J K Maheshwari and Vijay Bishnoi sentenced the contemnor to three months of civil imprisonment, directing authorities to detain him and transfer him to Tihar Jail. This case arose from an Uttar Pradesh High Court ruling that upheld a directive from the Rent Control Authority for the eviction of the tenants involved. The contemnor was also ordered to…

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Delhi extends property tax amnesty scheme by 3 months with fees

NEW DELHI: The MCD has announced a three-month extension for its Sumpattikar Niptaan Yojana (SUNIYO) 2025-26, now valid until December 31, officials reported on Friday. This one-time property tax amnesty scheme was originally set to expire on September 30. While the terms and conditions will remain unchanged, a 2% late fee on the principal tax amount will apply for payments made between October 1 and December 31. Since its launch on June 1, SUNIYO has drawn in 1.16 lakh taxpayers, generating Rs 370.27 crore in revenue. Notably, 65,874 new taxpayers have paid property tax for the first time through SUNIYO,…

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Income Tax Survey of Raymond’s Realty Division

The Income Tax (I-T) department is currently conducting a survey action on entities associated with the textile and apparel giant Raymond Group. The survey, which started on Thursday and continued into Friday, focuses on the group’s real estate operations, according to sources familiar with the situation. Unlike searches, a survey action is restricted to official premises and is carried out solely during business hours. In a regulatory announcement on Friday, Raymond indicated that it is fully cooperating with the authorities. “We would like to inform you that yesterday, certain officials from the Income Tax Department visited some of the company’s…

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Bombay HC Reprimands EOW Officials for Misusing Arrest Powers

MUMBAI: The Bombay High Court granted interim bail to Mamta Digvijay Singh, sharply criticizing the Economic Offences Wing (EOW) for what it called a clear misuse of arrest powers. The division bench, comprising Chief Justice Chandrashekhar and Gautam A. Ankhad, expressed concern over her arrest on September 10, which occurred almost three months after her last statement on June 18. On September 12, the EOW apprehended directors Mangesh Kadam and Mamta Singh based on a complaint from Rajat Jhunjhunwala. He accused them of falsifying MGT-7 forms and counterfeit shareholding certificates for Shajas Developers Pvt Ltd and its subsidiary JLS Realty…

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Allahabad HC Reopens ₹295 Crore Land Payout Case After SC Ruling

NOIDA: The Allahabad High Court will continue its hearings regarding the Rs 295-crore Reddy Veeranna land compensation case on October 6. In July, the Supreme Court annulled the payout, deeming it fraudulent, as it found that the Hyderabad-based businessman misled the courts to secure an inflated compensation for a property in Noida’s Sector 18. The case is set to be heard by a bench comprising High Court Chief Justice Arun Bhansali and Justice Kshitij Shailendra. At the center of the case is over five bighas of land in Chhalera Banger village, which was jointly purchased in 1997 by Veeranna, Vishnu…

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Three Land Officials Linked to 254 Fraudulent Registries in Farrukhnagar

GURUGRAM: A probe has revealed that two tehsildars and a naib tehsildar in Farrukhnagar are implicated in facilitating fraudulent land registrations—at least 254 within four months. They reportedly converted agricultural land into urban plots and sanctioned illegal colonies, breaching various regulations. The officials are accused of manipulating property IDs and using forged documents to authorize these illegal registries, as outlined in an investigative report by the sub-divisional magistrate (Pataudi). According to the revenue department officials, these irregularities may have cost the state several crores. The report, reviewed by TOI, indicates that between April and August, tehsildar Navjeet Kaur authorized 94…