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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Delhi HC requests government response on alleged illegal construction

NEW DELHI: On Wednesday, the Delhi High Court requested responses from the Delhi government, MCD, and DDA regarding a petition calling for a ban on unauthorized constructions in various parts of the national capital, particularly Jaitpur extension and Badarpur. A bench headed by Chief Justice D K Upadhyaya and Justice Tushar Rao Gedela issued a notice to the respondents, instructing them to provide a response by July 30. The court was reviewing claims that illegal constructions were responsible for accidents, including building collapses, and endangering local lives. The petition asserted that unauthorized constructions in Jaitpur extension-II had obstructed residents from…

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ED Takes Custody of Two Ramprastha Group Directors in ₹1,100 Crore Fraud

Representative image created by AI GURUGRAM: The Enforcement Directorate (ED) has secured a two-day custody of Sandeep Yadav and Arvind Walia, the promoters of the Haryana-based Ramprastha Group, as part of a money laundering investigation tied to an alleged ₹1,100 crore fraud involving homebuyers. The arrests occurred on Monday following raids at three locations in Delhi and Gurugram, including the residences of the directors, conducted by the ED’s Gurugram zonal office. Yadav and Walia are directors and major shareholders of Ramprastha Promoters and Developers Pvt Ltd (RPDPL). They were detained under the Prevention of Money Laundering Act (PMLA). The federal…

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SC Approves CBI to Register 22 Cases in NCR Builders-Banks Nexus

NEW DELHI: On Tuesday, the Supreme Court permitted the CBI to file 22 cases regarding the “unholy nexus” between banks and developers accused of deceiving homebuyers in the NCR. A bench led by Justices Surya Kant and N. Kotiswar Singh authorized the CBI to transition six preliminary inquiries against various builders and banks into 22 formal cases, similar to FIRs, for further investigation. Entities under scrutiny include builders in NCR and development authorities in Uttar Pradesh and Haryana. According to the subvention scheme, banks disburse approved amounts directly to builders, who must pay EMIs on these loans until they deliver…

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SC Raises Concerns About Gurugram Court’s Cheque Bounce Cases

NEW DELHI: The Supreme Court expressed concerns regarding coercive actions taken by a Gurugram trial court against homebuyers, indicating it will review the situation based on substantial information it has. A bench comprising Justices Surya Kant and N. Kotiswar Singh directed the district and sessions judge in Gurugram to investigate the issuance of bailable and non-bailable warrants related to cheque bounce cases under the Negotiable Instrument Act aimed at recovering money from homebuyers. “We are receiving numerous reports regarding the Gurugram trial court’s conduct. We will investigate and determine appropriate actions,” noted the bench. This directive was given during the…

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Punjab Cabinet Greenlights Changes to Land Pooling Policy

CHANDIGARH: The Punjab Cabinet has approved revisions to its land pooling policy, with Chief Minister Bhagwant Mann criticizing opposition parties for what he calls misinformation about the scheme. Mann refuted claims from the opposition that the policy would “rob” farmers of their land, asserting that the agricultural community is supportive of the initiative. Last month, the Punjab Cabinet endorsed this land pooling policy, ensuring that no land will be forcibly acquired from owners. After a Cabinet meeting, Mann stated that the opposition’s assertion that land registries will cease once a notification is issued is unfounded. He explained that if an…

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Final Warning Issued to 60 Sushant Lok Homes in Gurugram

GURUGRAM: More than a month after receiving no responses from property owners regarding its notices, the Department of Town and Country Planning (DTCP), led by District Town Planner Amit Madholia, has intensified enforcement efforts in Sushant Lok 2. Restoration orders have now been issued for over 60 residential properties due to violations of building codes and unauthorized commercial activities. These restoration orders serve as the final warning—failure to comply could result in “sealing, demolition, or even cancellation of occupation certificates.” Amit Madholia stated, “This action is being conducted in strict accordance with planning regulations. Property owners who have violated residential…

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SC Approves Adani Cementation’s Removal of 158 Mangrove Trees

(Representative Image) The Supreme Court has upheld the Bombay High Court’s decision allowing Adani Cementation to remove 158 mangrove trees for the construction of a jetty project along the Amba River in Maharashtra’s Raigad district. This project, which occupies an area of 1.26 hectares within the Coastal Regulation Zone (CRZ) designated for mangrove forests, is intended to facilitate the transportation of cement and other materials via waterways, alongside a conveyor corridor and access road to support a cement grinding and fly ash processing unit and a backup storage unit in Shahapur and Shahabaz. It aims to meet the increasing cement…

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ED Arrests Two Directors of Ramprastha Group

NEW DELHI: The Enforcement Directorate arrested Sandeep Yadav and Arvind Walia, promoters of Haryana’s Ramprastha Group, on Monday as part of a money laundering probe linked to an alleged ₹1,100 crore fraud involving homebuyers, according to official sources. The arrests followed early morning raids at three locations in Delhi and Gurugram, including those of the directors, conducted by the federal agency’s Gurugram zonal office. The duo serves as directors and majority shareholders of Ramprastha Promoters and Developers Pvt. Ltd. (RPDPL). They have been taken into custody under the Prevention of Money Laundering Act (PMLA). Attempts to reach the company or…

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Greater Noida: Builders’ ₹4,000 Cr Dues Amid Legal Issues

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) is currently grappling with unpaid dues totaling Rs 4,081 crore from 21 significant real estate projects. Legal proceedings at various levels—from the National Company Law Tribunal (NCLT) to the Supreme Court—have created obstacles for the Authority in recovering these amounts. A report from GNIDA indicates that each project owes over Rs 100 crore, with Supertech Ltd at the forefront as the largest defaulter. The company has outstanding payments of Rs 903 crore, attributed to three projects—Rs 312 crore for one in Sector 1 and Rs 590 crore across two in Sector 16B.…

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Mysuru Proposes Upgrade to Grade 1 City Corporation Status

MYSURU: Following the state’s decision to not pursue the establishment of the Greater Mysuru City Corporation due to insufficient population, the Mysuru City Corporation (MCC) has submitted a new proposal to the government requesting an upgrade to grade 1 MCC. The aim of the proposal is to elevate MCC to a grade 1 city corporation similar to the Hubballi-Dharwad City Corporation. This would involve merging the existing City Municipal Council and town panchayats located on the city’s periphery. The state government is expected to endorse the proposal. A proposal was submitted to the state urban development department following directives from…