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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Telangana: Forensic Audit Reveals 22,000 Dharani Anomalies

HYDERABAD: A forensic audit has revealed approximately 22,000 anomalies during the examination of eight lakh Dharani (land) transactions from October 2020 to December 2024. Despite this finding, the state government remains uncertain about the officials and individuals involved in these transactions, which concern nearly 10,000 acres of land. The audit, conducted by the Kerala Security Audit and Assurance Centre (KSAAC), identified several suspicious transactions but lacked definitive evidence against those responsible due to alleged tampering of records, deletion of relevant online databases, and, in some instances, intervention at the Chief Commissioner of Land Administration (CCLA) office level. The irregularities were…

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Navi Mumbai collects ₹434 crore in property tax in Q1 FY27

THANE: Navi Mumbai Municipal Corporation achieved a record property tax collection of ₹434.02 crore in the first quarter of 2026-27, an increase from ₹372.42 crore collected from 98,478 taxpayers during the same period last year, according to a municipal official on Saturday. The collection period spanned from April 1 to June 30, with 1,43,329 out of 3,55,772 registered property owners fulfilling their tax obligations. NMMC Commissioner Kailash Shinde credited this achievement to a technology-driven administration, data analytics, and improved digital payment options. “Our focus on effectively using technology, data analysis, and offering accessible digital facilities has led to this historic…

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NCLT Orders Entertainment City to Register Stake for Parmesh Construction

NEW DELHI: The National Company Law Tribunal (NCLT) has ordered Entertainment City to document a 4.26% equity transfer to Parmesh Construction Company, a Bhutani Infra Group entity, overruling objections from joint venture partner Unitech Holding concerning alleged violations of shareholder agreements. Parmesh Construction Company Ltd (PCCL) purchased a 3.70% stake from IIRF Holdings V Ltd and a 0.56% stake from Vistra ITCL (India) Ltd. Unitech Holding Ltd (UHL) opposed the sale, arguing it breached their Right of First Refusal (RoFR) and lacked the necessary 30-day notice under the relevant Articles of Association and Shareholders Agreement. The two-member NCLT bench ruled…

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NCDRC Orders Pune Builder to Refund ₹7 Crore for Land Issue

PUNE: The National Consumer Disputes Redressal Commission (NCDRC) has mandated a real estate firm and its proprietor to refund the complete principal amount collected from 113 homebuyers, along with interest. This decision follows a 14-year legal battle, with total liabilities expected to surpass Rs7 crore. The commission discovered that the developer enticed buyers to invest in projects on land that government records indicated had been designated for a public irrigation project since 1978. The NCDRC panel, including President Justice A.P. Sahi and Member Bharatkumar Pandya, ordered the builder to refund Rs3.16 crore with 9% interest from the payment dates, to…

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Builder Arrested in Dahisar for Alleged Land Fraud

MUMBAI: A builder based in Vile Parle has been arrested by the crime branch for his suspected involvement in a land-grabbing scheme utilizing forged powers of attorney, fake bank accounts, and fraudulent possession transfers concerning prime land in Dahisar. The property cell of the crime branch took Kalpesh Kanubhai Shah, director of Puja Land and Premises Pvt Ltd, into custody for allegedly conspiring to wrongfully obtain possession rights over approximately 16,288.3 square meters of land through fabricated documentation. Shah was presented in Esplanade Court, which has ordered him to spend seven days in police custody. The alleged fraudulent activities surfaced…

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Telangana HC asks HYDRAA, HMDA on three-year lake encroachment delay

HYDERABAD: The Telangana High Court on Thursday responded to allegations that authorities neglected encroachments and illegal constructions around Errakunta Lake, despite complaints over the past three years. The court has ordered the Hyderabad Disaster Response and Asset Protection Authority (HYDRAA) and the Hyderabad Metropolitan Development Authority (HMDA) to provide updates on measures taken to safeguard the water body. Justice B Vijaysen Reddy instructed both agencies to present their positions and announced an adjournment until July 16. The petition was brought forward by advocate Vijay Gopal, representing himself. He argued that HYDRAA displayed selective enforcement, claiming significant recoveries of government land…

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Bombay HC Approves MHADA’s Major Redevelopment in Bandra, Worli

MUMBAI: The Bombay High Court has authorized the cluster redevelopment of two major MHADA layouts in Bandra Reclamation and Adarsh Nagar, Worli. The court dismissed multiple petitions contesting the Maharashtra government and MHADA’s decision on the redevelopment and the tender process for appointing a Construction and Development Agency. A bench of Justices M S Karnik and S M Modak stated that cluster redevelopment is an effective method for orderly city development. “Mumbai must grow and adapt to meet the demands of its thriving markets and economic opportunities,” the court explained. The High Court ruled that the state government’s decisions were…

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Telangana HC Denies Halt on 400-Acre Kukatpally Land Sales

HYDERABAD: On Wednesday, the Telangana High Court denied an interim relief to prevent the sale, registration, or alienation of over 400 acres of land in Kukatpally associated with GOCL Corporation, Hinduja Estates, Squarespace Infra City, Honor Homes, and other private entities. The court stipulated that any transactions related to these disputed properties would depend on the final ruling of the case. Justice NV Shravan Kumar instructed the state government and relevant departments to submit their official responses within three weeks and postponed the case for further hearings. The court’s decision follows a writ petition by businessman Chinthala Srinivas Reddy from…

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NGT Orders Land Restoration and Compensation for Illegal Brick Kilns

Representative image VIJAYAWADA: The National Green Tribunal (NGT) recently mandated that the NTR district authorities evaluate the environmental damage from unauthorized brick kiln activities in the region. They are to quantify compensation within three months and restore the impacted agricultural land and water bodies. This ruling follows a petition from Ramisetti Suresh Kumar, a farmer and ex-serviceman from Vinagadapa village in Gampalagudem mandal. The tribunal instructed the Andhra Pradesh Pollution Control Board (APPCB) to assess damages from operators running brick kilns without the necessary clearances, which resulted in deteriorating air quality and reduced soil fertility. The tribunal also ordered the…

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Panchkula collects ₹5.9 crore of ₹100 crore property tax goal

PANCHKULA: The Panchkula municipal corporation (MC) has managed to collect only ₹5.9 crore out of more than ₹100 crore in outstanding property tax dues, despite offering a 100% interest waiver scheme that concluded on June 30. Among the 1,04,631 properties in the city, only 44,002 (42.05%) are self-certified. According to the latest data from the civic body, collections reached ₹4.3 crore by mid-June, but last-minute attendance at property tax camps increased the total recovery for the first quarter to ₹5.9 crore. Major defaulters with individual dues over ₹2 lakh account for nearly ₹40 crore of the total outstanding. The MC…