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 asks DDA to restore trust with Signature View residents

NEW DELHI: The Delhi High Court highlighted a significant “trust deficit” between the Delhi Development Authority (DDA) and the residents of Signature View Apartments. The court urged the civic agency to take steps to “establish trust” with the residents. The Chief Justice DK Upadhyay and Justice Tushar Rao Gedela addressed the ongoing stalemate where residents have refused to vacate the towers deemed dangerous. They emphasized the need for both parties to seek a resolution and “move ahead” with the completion of the project. The bench stated, “There is a lot of trust deficit. The residents’ concerns are valid. Trust needs…

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Only 1 of 8 City Divisions Provided List of Dilapidated Buildings

MUMBAI: Authorities have shown a lackadaisical approach towards abandoned structures, with only one of the eight city divisions submitting a list of dangerous buildings, and that list lacked thorough verification. The Kalachowki division was the only one to present a list of 248 buildings; however, the audit found that 76 of these had already been demolished, redeveloped, or were in the process of redevelopment. In previous years, the city has experienced collapses of such dilapidated structures, often resulting in fatalities. According to the Mhada Act, the BMC is obligated to provide comprehensive details regarding cess buildings in hazardous or deteriorating…

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Special Team Formed to Investigate Madurai Property Scam: HC

MADURAI: On Thursday, the Madras High Court instructed the Inspector General of Police (South Zone) and the Madurai City Police Commissioner to form a special investigation team led by a senior IPS officer of proven integrity to investigate the property tax scam in Madurai Corporation and report back to the court. A division bench comprising Justice S.M. Subramaniam and Justice A.D. Maria Clete noted that the petitioner, T. Ravi, an AIADMK councillor from Ward 83 of Madurai Corporation, claimed it was a significant scam and raised concerns over delays in registering an FIR, casting doubt on the investigation’s fairness due…

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Bank Fined by Consumer Forum for Losing Property Papers

GHAZIABAD: The District Consumer Disputes Redressal Commission (DCDRC) has ordered Noida Commercial Cooperative Bank to pay ₹25,000 in compensation for the mental distress caused by the loss of a customer’s original property documents. An additional ₹5,000 has been charged for litigation costs. The bank, which acknowledged misplacing several files during an office relocation in 2011, is also required to provide a certified duplicate of the petitioner’s property registration, ensuring no misuse of the lost original deed occurs. Ramesh Chandra Singh, a resident of Ghaziabad, sought the commission’s intervention to obtain his original property deed, which had been mortgaged for a…

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Court Directs Handover of Parkview Residences to RWA

MOHALI: In a significant victory for the residents of Parkview Residences, Bestech, Sector 66, the Subdivisional Magistrate Court in Mohali has ordered the developer to transfer all maintenance responsibilities to the Resident Welfare Association (PVRAOWA) by July 23. The final ruling, issued by SDM Damandeep Kaur, concludes a lengthy legal dispute between the RWA and developers M/s Globus Projects Ltd. and Bestech India Pvt. Ltd. Despite selling all units, the developers had been managing the society through their agency, Park View Facilities Pvt Ltd, without the residents’ approval. Established under the Punjab Apartment Ownership Act, 1995, and registered on July…

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Belagavi civic body records ₹44.7 crore in Q1 property tax

BELAGAVI: The Belagavi City Corporation (BCC) has set an ambitious goal of collecting Rs 75 crore in property tax for the financial year 2025-26. So far, the civic body has collected Rs 44.7 crore in the first quarter, aided by a 5% rebate scheme that ended on June 30. This figure represents the highest Q1 property tax collection in the BCC’s history, attributed to an effective awareness campaign about the rebate and diligent efforts to stop revenue losses. With Rs 44.7 crore already in hand, the BCC aims to raise the remaining Rs 30 crore in the upcoming quarters to…

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Lucknow body initiates probe into illegal construction activities

LUCKNOW: The Lucknow Development Authority (LDA) has initiated an inquiry into claims of unauthorized construction at a site in Vinamra Khand, Gomtinagar, in response to a complaint from the owner of a neighboring plot. LDA Vice-Chairman Prathamesh Kumar instructed officials to carry out a comprehensive investigation and submit their findings. “The matter is currently under review by the relevant department,” he stated. In the past 25 days, two complaints have been lodged by Yamini Mathur, the owner of the adjacent plot, alleging that the construction deviates from the approved building plan. The latest complaint, filed on Saturday, asserted that construction…

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ED Files Second Complaint Against Unitech Group Promoters

NEW DELHI: The Enforcement Directorate (ED) submitted its Second Supplementary Prosecution Complaint (SPC) to the Special Court under the Prevention of Money Laundering Act (PMLA) on July 10. The complaint targets Ramesh Chandra and others, including multiple companies such as M/s Shivalik Ventures Private Limited, M/s Auram Asset Management Private Limited, M/s Unitech Build Tech Limited, M/s Unitech Golf Resorts Limited, and M/s Ranchero Services Limited. This action is part of a larger investigation into significant financial irregularities and money laundering associated with Unitech Limited and its directors. The ED’s investigation was initiated based on FIRs lodged by the Central…

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Settlement Officials Dismissed in Jaisalmer Fraud Case

Representative image created by AI JAISALMER: In a significant anti-corruption initiative, Settlement Commissioner Nikaya Gohaen has dismissed four officials from the Ram Nagar settlement department in Jaisalmer district after uncovering fraudulent plot allocations. The officials removed include RI Vikram Singh, Patwari Kishor Ram, senior assistant Yogendra Kumar, and junior assistant Shivraj Singh, all of whom were let go on Saturday. The investigation revealed that the Nachna settlement had been plagued by corruption, with irregularities dating back to 2006. Notably, there was a case involving plot allocations meant for 2006 that were only executed in 2016, leading to a government loss…

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HC Asks Noida Authority: OCs for Lotus Boulevard Granted Without STPs?

NOIDA: The Allahabad High Court has instructed the Noida Authority to provide a comprehensive affidavit detailing the process by which occupancy certificates (OCs) were issued for the Lotus Boulevard project, despite claims concerning incomplete sewage treatment facilities. This order, dated July 7, was in response to a petition lodged by the apartment owners’ association, which asserted that the essential sewage treatment plants (STPs) were not operational when the certificates were granted. The bench, comprising Justices Mahesh Chandra Tripathi and Vinod Diwakar, has mandated that the Authority’s CEO submit the affidavit by the next hearing scheduled for July 16. The report…