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.

Latest StoriesRegulatory

Nashik’s property tax revenue rises 10% to ₹287 crore

NASHIK: The Nashik Municipal Corporation (NMC) has reported a 10% increase in property tax collection for the financial year 2025-26, achieving a record revenue of Rs 287 crore, compared to Rs 257 crore in the previous year. This marks the highest property tax collection in the NMC’s history, which spans over four decades. Civic officials attribute this revenue surge to various factors, including amnesty schemes, incentives for timely payments, and a steady rise in registered properties in the city. Of the six divisions, Cidco led with Rs 59 crore in property tax, followed closely by Panchavati at Rs 58 crore.…

Latest StoriesRegulatory

Nagpur Civic Body’s Stamp Duty Collection Misses Target Again

NAGPUR: In the previous financial year (2025-26), Nagpur city’s stamp duty collection on property transactions reached over Rs 1,700 crore, falling short of the Rs 1,900 crore target by approximately 9%. The overall value of transactions for the fiscal year ending March 31 amounted to over Rs 24,000 crore, with a 7% stamp duty applied. More than 11 lakh deeds were registered in that period. The state government’s decision to maintain the ready reckoner rates unchanged for the current financial year (2026-27) aims to stimulate property purchases, potentially increasing stamp duty collections as a result. The stamp duty target was…

Latest StoriesRegulatory

Rajkot Civic Body Fails to Meet Property Tax Collection Goal

RAJKOT: The tax recovery branch of the Rajkot Municipal Corporation (RMC) did not meet its property tax target for the financial year 2025-26. The total collection reached Rs 447.93 crore, falling short by Rs 7.87 crore from the Rs 455.8 crore goal. Despite reminders from the RMC and threats of strict measures, 25% of property owners did not pay their taxes. Nonetheless, this figure reflects an 8.44% growth from the previous year, marking a Rs 34.44 crore increase. Boosting Compliance and Zone-Wise Collections Official reports indicate a low compliance rate, with 75.75% of property owners meeting their tax duties this…

Latest StoriesRegulatory

Noida’s Stamp Duty Hits Decade High, But Property Sales Slow

NOIDA: The Stamp and Registration Department has achieved a revenue of Rs 4,498.7 crore in the financial year 2025-26, marking its highest collection in a decade. The district reached 87% of its total target of Rs 5,180 crore, despite a decline in property registrations, as reported by officials. A total of 1.6 lakh properties were registered in FY 2025-26, down from 1.7 lakh in the previous fiscal year. Among these, there was an increase in registrations under concessional categories, with transactions availing discounts rising from 8,976 in FY 2024-25 to 9,899 in FY 2025-26. AIG-1 Arun Sharma credited this uptick…

Latest StoriesRegulatory

Pune civic body falls ₹3,400 crore short of FY26 revenue goal

PUNE: The Pune Municipal Corporation (PMC) reported a total revenue of approximately Rs 9,200 crore for the fiscal year 2025-26, falling short of its Rs 12,600 crore target by nearly Rs 3,400 crore. The primary cause of this revenue deficit came from the building permissions department, which earned only Rs 2,341 crore, compared to its expected Rs 2,853 crore. Civic officials noted that challenges in recovering property taxes from newly merged areas and ongoing legal issues regarding land measurement have significantly hampered building permission grants. Activists criticized the administration for relying on amnesty schemes to boost revenue instead of effectively…

Latest StoriesRegulatory

Andheri East Leads FY26 Property Tax in Mumbai; Lower Parel Follows

MUMBAI: The K-East ward, covering Andheri East, has become the top contributor to property tax in Mumbai for the 2025-26 fiscal year, with the BMC recording its highest-ever collection of ₹7,610.9 crore. According to civic data, the K-East ward topped the collections with ₹719.2 crore, followed by G-South (Lower Parel and nearby areas) at ₹670.6 crore, K-West (Andheri West) at ₹622.2 crore, H-East (Kalina and Bandra East) at ₹577.8 crore, and H-West (Bandra West) at ₹536.6 crore. The western suburbs alone contributed ₹3,721.3 crore, while the island city and eastern suburbs accounted for ₹2,102.6 crore and ₹1,457.4 crore, respectively. The…

Latest StoriesRegulatory

Delhi’s Property Tax Collection Exceeds ₹3,100 Crore in FY26

NEW DELHI: The Municipal Corporation of Delhi (MCD) has reported a 46% increase in property tax collection for the fiscal year 2025-26, attributing this rise to enhanced compliance, enforcement initiatives, and the property amnesty scheme. According to a statement from the civic body released on Wednesday, property tax collections rose by 46.12% to Rs 3,116.62 crore in FY26, compared to Rs 2,132.89 crore in the previous year. The number of taxpayers has grown by 19.36%, reaching 1,352,562 in 2025-26, up from 1,133,161 the prior year, the statement noted. The majority of the revenue came from the property tax amnesty scheme,…

Latest StoriesRegulatory

Parliament amends IBC to speed up resolution and cut backlog

NEW DELHI: On Wednesday, Parliament passed amendments to the Insolvency and Bankruptcy Code (IBC), aimed at expediting resolutions, decreasing case backlog, and enhancing the financial ecosystem. The Rajya Sabha approved the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, through a voice vote, having received Lok Sabha approval on March 30. During a brief discussion in the Rajya Sabha, Finance Minister Nirmala Sitharaman remarked that the IBC has positively impacted the health of the Indian banking sector and facilitated asset recovery. Sitharaman, also the Minister of Corporate Affairs, stated that the government accepted all 11 recommendations proposed by a Lok Sabha…

Latest StoriesRegulatory

Gurugram collects ₹350 crore in property tax for FY26

GURUGRAM: The Municipal Corporation of Gurugram (MCG) collected over ₹350 crore in property tax and approximately ₹56 crore in water bills during the fiscal year 2025-26. Officials noted that MCG offices experienced increased visitor traffic from early Tuesday as residents rushed to settle overdue property taxes and water bills before the financial year concluded. To facilitate this, citizen assistance centers at municipal offices remained open, even on a holiday, and tax branch officials were available to assist throughout the day. Separate counters were also set up for senior citizens, making it easier for elderly residents to manage their payments. Mayor…

Latest StoriesRegulatory

CAG: Madhapur IT Firms Misappropriated ₹100 Crore in Property Tax

HYDERABAD: The Industrial Area Local Authority (IALA) in Madhapur has reportedly caused a loss of over ₹100 crore to the government by under-assessing property taxes, according to the Comptroller and Auditor General (CAG). The Greater Hyderabad Municipal Corporation (GHMC) mandates that IALA levy property tax according to specific classifications and monthly rental values (MRV). In Madhapur, the MRV for industrial properties was set at ₹4 per square foot for ground and first floors, and ₹3.50 per square foot for upper floors. Meanwhile, office buildings had an MRV of ₹6 per square foot for the ground and first floors, with ₹5.50…