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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Developer, 7 Others Arrested for Selling Mortgaged Flats

PUNE: The Dehu Road police have filed a case against a developer from Malinagar in Dehu and seven accomplices, accused of defrauding eight homebuyers of ₹1.84 crore by selling flats that were already mortgaged to a credit society. A complaint was lodged by one of the flat owners with the Dehu Road police against the developer and his associates. An officer stated that the complainant and seven others purchased flats within the housing complex in Malinagar between 2021 and 2023. The scam was uncovered in May 2025 when other residents alerted the complainant that the developer had secured a loan…

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Bombay HC: Court Overstepped, Returns 16-Acre Plot to Builder

MUMBAI: The Bombay High Court has reinstated a ruling from a Borivli metropolitan magistrate indicating that a developer had possession of a plot exceeding 16 acres near the Dahisar checkpost as of April 22, 2017. On Tuesday, Justice Amit Borkar nullified a decision by the Dindoshi sessions court and directed the court receiver to return possession of the land to Romell Housing and its associate, Jude Romell, “strictly in accordance” with the magistrate’s directive. Romell alleged police misconduct after purchasing the property in 2016 from its previous owners, having compensated Kamruddin Shaikh, who held possession of the land. Following the…

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SC Bars Supertech Realtors from Third-Party Rights in Supernova

NEW DELHI: The Supreme Court has barred Supertech Realtors and its suspended director from establishing any third-party rights in the ‘Supernova’ project in Noida. Supertech Realtors, a subsidiary of Supertech Ltd, is mired in insolvency proceedings and is working on a mixed-use real estate development named ‘Supernova’. This project includes residential units, commercial space, office areas, studio and service apartments, and shopping centers situated in Sector 94 of Noida. The project is intended to be a towering structure with 80 floors, designed to be the tallest building in the Delhi-NCR region at 300 meters high. A bench comprising Justices Surya…

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Builder booked for ₹16.49 crore fraud in Mumbai

MUMBAI: Yash Builders has been charged with cheating and criminal breach of trust after Axis Bank filed a complaint against its proprietor, Paras Dedhia. The complaint arises from a ₹16.49 crore term loan provided for the Deonar project, Yash Signature. As outlined by Shri Dakshis Sumanbhai Balsara, Assistant Vice President at Axis Bank’s Nariman Point branch, Dedhia initially secured a ₹15 crore loan from IIFL in 2015, using 18 flats and an office at Yash Signature as collateral. He then sought a ₹20 crore term loan from Axis Bank’s Chembur branch to settle IIFL’s dues and finish the project. The…

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Ex-Lodha Developers Director Arrested in Fraud Case

Here’s a rewritten version of the content: MUMBAI: Mumbai Police announced the arrest of a former director from a leading real estate firm on Wednesday for allegedly abusing his official role to defraud the company of ₹85 crore. The accused, Rajendra Lodha, served as a director at Lodha Developers Ltd from September 2013 until his resignation on August 18, 2025, which followed an ethics committee review of his conduct. The complaint alleges that Lodha exploited his position to deceive the company. The fraud allegations emerged during the investigation of a case reported at the NM Joshi Marg police station, according…

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Delhi HC: MCD’s higher luxury hotel tax not arbitrary

NEW DELHI: The Delhi High Court has stated that the increase in property tax rates for luxury hotels imposed by the Municipal Corporation of Delhi cannot be considered “arbitrary or capricious,” especially when viewed in the context of their target clientele’s economic background. The court explained that luxury hotels actively pursue star ratings, positioning themselves within a niche aimed at affluent customers while providing premium experiences at high prices. Justice Purushaindra Kumar Kaurav, delivering the judgment on September 12 (published on the court’s website on September 16), noted, “The legislative intent behind the higher property tax rates for these establishments…

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SC to Review Appeals on Environmental Clearances Verdict

NEW DELHI: On Tuesday, the Supreme Court agreed to review over two dozen petitions challenging its May 16 ruling that invalidated the Centre’s decision to grant retrospective clearances to projects in violation of environmental regulations. The May 16 ruling, written by former Justice A S Oka, directed the Ministry of Environment, Forests and Climate Change (MoEFCC) and relevant authorities to cease issuing retrospective environmental clearances, emphasizing that every individual has the fundamental right to live in a pollution-free environment. Notably, 25 companies, including the public sector Steel Authority of India Ltd, have petitioned for a review, modification, or clarification of…

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Gurugram Court Denies Bail to Ocean Seven Ex-CEO in ₹5.7 Cr Fraud

GURUGRAM: A sessions court has denied anticipatory bail to the former CEO of Ocean Seven Buildtech Pvt Ltd (OSBPL) in a case involving allegations of cheating and forgery. This ruling arrives 12 years after a family was reportedly “induced” to invest ₹2.8 crore with promises of “high returns.” According to complainant Amit Rastogi, that amount with interest grew to ₹5.7 crore over time. The court, presided by sessions judge Vani Gopal Sharma, issued the order on Monday after extensive hearings where the complainant, the state prosecutor, and the buyers’ association objected to bail for former OSB CEO Sanjeev Kumar related…

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Builders’ Office E-Registration Gains Popularity in Maharashtra

PUNE: On Tuesday, state property registration officials announced that the online registration process for first-sale properties from builders has gained popularity since its launch two years ago, decreasing the load on sub-registrar offices. Nearly 700 developers have joined the platform. As of September 2023, over 11,000 property documents have been registered online from developer offices, with 3,974 registered in the current financial year, as per departmental data. DIG (IT) Abhay Mohite mentioned that online registrations are expected to increase further during the festive season. “User feedback has been positive. Developer organizations are actively promoting the facility, and we anticipate the…

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Orissa HC Rejects LIC’s Flat Cancellation in Bhubaneswar

Orissa High Court CUTTACK: The Orissa High Court has overturned the Life Insurance Corporation of India’s (LIC) decision to revoke flat allotments under its “Policy Holders’ Housing Scheme” at Jeevan Bima Nagar, Chandrasekharpur, Bhubaneswar. The court ordered LIC to finalize the allotment process within eight weeks, contingent on each allottee paying an additional 10% of the original flat cost. The judgment came after reviewing four separate petitions filed by Satyavan K Panda, Dr. Laxmikanta Mishra, Dr. Swapna Kabiraj, and Saktidhar Das from 2015 to 2018. In 2014, a lottery was conducted for 75 flats under Phase-II of LIC’s housing scheme,…