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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Chhattisgarh: Builder Must Buy Back Plot at Double Price

RAIPUR: The Chhattisgarh State Consumer Disputes Redressal Commission has directed a builder to repurchase a plot from a consumer at twice its original price, citing unfair trade practices and service deficiencies. In 2015, Dayawati Chauhan acquired a 1,000 sq ft plot through a registered agreement with the builder, which included a buyback clause. This clause stipulated that if she sought to resell the plot after five to five-and-a-half years, the builder would repurchase it at double the purchase price. After the designated period, Chauhan requested the builder to honor the buyback clause, but her request was turned down. Initially, she…

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Homebuyers can’t be denied housing membership due to builder’s default: HC

MUMBAI: The Bombay High Court has ruled that the rights of flat purchasers cannot be limited by a developer’s failure to fulfill obligations under a development agreement. This directive was issued to a housing society in Vile Parle (E), which was ordered to grant membership to 17 flat purchasers. Justice Amit Borkar, in an order on Friday, emphasized that membership in a cooperative society should be determined solely according to the Maharashtra Cooperative Societies Act, MCS Rules, and the society’s bye-laws. He dismissed 17 petitions from Jeevan Sarita CHSL, stating, “The eligibility of a purchaser to become a member must…

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DTCP Suspends Project License, Directs FIR Against Company Directors

GURUGRAM: The district town planner (enforcement) has suspended the development license of Prime Time Infraproject for its 10.9-acre residential colony in Sector 1, Pataudi. This license, originally issued on October 22, 2013, was officially suspended on February 4 due to the developer’s alleged non-compliance with directives and failure to respond to show-cause notices. The DTCP decided on the suspension after the developers consistently missed project deadlines and breached bilateral agreements. Sub-registrar Pataudi has been instructed to halt all registrations of sale deeds, conveyance deeds, and lease agreements related to the project. Additionally, red entries have been made in the revenue…

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Gurugram to Launch Sealing Drive Against Tax Defaulters

GURUGRAM: The Municipal Corporation of Gurugram (MCG) has identified 65 property owners who owe more than Rs 1 crore each. Starting Tuesday, the MCG will initiate a sealing drive targeting these defaulters. Officials have indicated that the majority of the properties involved are commercial establishments and industrial units. This action is part of MCG’s continuous efforts to recover overdue property tax payments and enhance its revenue base. “We will commence the sealing drive on Tuesday, focusing on the 65 properties identified with outstanding property tax dues. Notices have been dispatched to the respective property owners,” stated an MCG official familiar…

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Allahabad HC Orders Site Inspection of Noida Housing Dispute

NOIDA: In a legal dispute involving a developer and YEIDA, the Allahabad High Court has appointed a commissioner to assess and confirm the status of a contentious group housing plot in Sector 26. Justice Prakash Padia issued the order on Thursday, instructing advocate Gaurav Gautam to inspect the site on Monday (Sept 15) with support from the district magistrate, police commissioner, and YEIDA officials. The commissioner is required to submit a report in a sealed envelope by Sept 18, when the case will be reviewed again. This decision follows conflicting assertions about SDS Housing having received physical possession of the…

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Madras HC Bans Resorts and Hotels in Elephant Corridor

CHENNAI: The Madras High Court has reinforced a total ban on commercial activities in the Segur Plateau Elephant Corridor, following the findings of the Segur Plateau Elephant Corridor Inquiry Committee established by the Supreme Court. This prohibition extends to all resorts and hotels. The landowners are permitted to maintain and cultivate their properties in an environmentally friendly way that does not disturb the elephants, without installing artificial barriers like electric fences. This was affirmed by a special bench comprising Justice N Sathish Kumar and Justice D Bharatha Chakravarthy. The bench reiterated that the committee’s findings, led by former judge Justice…

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HC Orders Noida to Provide Water to Wish Town Flats in 2 Weeks

Here’s a rewritten version of the provided content: — NOIDA: The Allahabad High Court has mandated the Noida Authority to grant water connections to Wish Town within two weeks, contingent upon Jaypee Infratech Limited (JIL) providing a renewable bank guarantee of Rs 60 crore. This ruling, issued on Thursday by a division bench consisting of Justices Shekhar B Saraf and Praveen Kumar Giri, also imposed a stay on recovering Rs 23 crore in disputed charges until the next hearing. The bench was addressing a writ petition from JIL that contested the Authority’s demand for external development charges linked to the…

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NCLAT Upholds Order to Recall Logix Infra Insolvency Case

NEW DELHI: The NCLAT has affirmed the National Company Law Tribunal’s (NCLT) decision to rescind its earlier ruling regarding an insolvency case against Logix Infrastructure, labeling the debt claim as “fraudulent” and “malicious”. A two-member NCLAT bench noted that the plea for the Corporate Insolvency Resolution Process (CIRP) against Logix, which is developing the Blossom County project in Noida Sector 137, is grounded in collusion and lacks integrity. “Given the facts of this case, we see no errors in the NCLT’s orders allowing the Section 65 application from the Respondents. Thus, reversing Section 7 proceedings does not constitute a review…

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SC: Speculative Realty Investors Jeopardize Genuine Buyers

NEW DELHI: The Supreme Court has emphasized the misuse of insolvency proceedings in the real estate sector, driven by speculative investors who negatively impact genuine homebuyers. The court described these investors as a “slow poison” to the residential real estate industry, motivated more by profit than by acquiring property. A bench comprising Justices JB Pardiwala and R Mahadevan expressed concern that “trigger-happy” investors often seek quick exits from projects, undermining the interests of legitimate purchasers. It stated that such entities should not exploit the Insolvency and Bankruptcy Code (IBC) or enable dishonest developers to take advantage of existing loopholes. The…

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STP Closure: Greater Noida Fines 7 Builders ₹54 Lakh

NOIDA: The Greater Noida Authority has imposed a penalty of ₹54 lakh on seven builders for failing to operate their Sewage Treatment Plants (STPs). Inspections revealed that untreated sewage was being unlawfully discharged into drains. Prerna Singh, additional CEO of the Greater Noida Industrial Development Authority (GNIDA), stated that the Authority is committed to ensuring 100% treatment and recycling of sewage generated in Greater Noida. “Following directions from CEO NG Ravi Kumar, STPs are being set up throughout Greater Noida and Greater Noida West. However, some builders have been neglecting their responsibility to treat sewage from their high-rise buildings, opting…