Category: Regulatory

Capital India Finance Secures RBI Nod to Divest Housing Finance Subsidiary

June 4, 2025

NEW DELHI: Capital India Home Loans (CIHL), the key subsidiary of Capital India Finance Ltd. (CIFL)—a registered non-banking financial company (NBFC)—has received the Reserve Bank of India’s (RBI) approval for its acquisition and change in control by Weaver Services. The transaction, involving the complete sale of CIHL’s equity, is valued at ₹267 crore. Back in […]

Capital India Finance Secures RBI Nod to Divest Housing Finance Subsidiarymore

Over 2,600 Real Estate Projects Expire in Karnataka; Many More Declared Lapsed: K-RERA Data

June 2, 2025

BENGALURU: The Karnataka Real Estate Regulatory Authority (K-RERA) has begun investigating several residential developments that have failed to meet their construction deadlines and have not submitted required progress updates. According to the latest data from K-RERA, a large number of real estate projects have missed their delivery timelines, with more than 2,600 officially marked as […]

Over 2,600 Real Estate Projects Expire in Karnataka; Many More Declared Lapsed: K-RERA Datamore

Mumbai: BMC Increases Property Tax After Nearly a Decade, with Hikes of Up to 15%

May 30, 2025

MUMBAI: For the first time in almost ten years, the Brihanmumbai Municipal Corporation (BMC) has revised its property tax rates, raising them by as much as 15% for the financial year 2025–26. This revision applies to over 9 lakh properties across Mumbai, with updated bills having already been issued earlier this month, according to a […]

Mumbai: BMC Increases Property Tax After Nearly a Decade, with Hikes of Up to 15%more

Flat Sale Agreement Not Mandatory for Relief Under Real Estate Law: Rules MREAT

May 27, 2025

MUMBAI: In a significant ruling, the Maharashtra Real Estate Appellate Tribunal (MREAT) has overturned a 2020 MahaRERA decision that had denied compensation to a homebuyer due to the absence of a registered sale agreement. The tribunal found the denial unjustified and directed the developer to refund the sum paid by the buyer, along with applicable […]

Flat Sale Agreement Not Mandatory for Relief Under Real Estate Law: Rules MREATmore

Gurugram Civic Body Issues Notices to 22 Property Owners Owing Over ₹50 Lakh Each in Taxes

May 21, 2025

GURUGRAM: In a major enforcement move, the Municipal Corporation of Gurugram (MCG) on Tuesday issued notices to 22 prominent property tax defaulters, each of whom owes more than ₹50 lakh in outstanding dues. The step was initiated by the MCG’s taxation department as part of a larger campaign to recover unpaid taxes and strengthen municipal […]

Gurugram Civic Body Issues Notices to 22 Property Owners Owing Over ₹50 Lakh Each in Taxesmore

Indian REITs Distribute ₹1,553 Crore in Q4 FY25, Marking Strong Yearly Growth

May 15, 2025

NEW DELHI: In the fourth quarter of the financial year ending March 31, 2025, four publicly listed Real Estate Investment Trusts (REITs) in India collectively distributed over ₹1,553 crore to more than 2.64 lakh unitholders. This reflects an increase of approximately 13% compared to the ₹1,377 crore disbursed during the same period in the previous […]

Indian REITs Distribute ₹1,553 Crore in Q4 FY25, Marking Strong Yearly Growthmore

CBI Requests Land Allotment Files, Maps, and Lease Deeds for Four Housing Societies from YEIDA

NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) has submitted a set of key documents to the Central Bureau of Investigation (CBI) as part of an ongoing probe into a suspected builder-bank nexus linked to the misuse of subvention schemes in housing projects. The materials handed over include land allotment files, lease deeds, approved building […]

CBI Requests Land Allotment Files, Maps, and Lease Deeds for Four Housing Societies from YEIDAmore

Carlyle Group Fully Exits PNB Housing Finance with ₹2,712 Crore Stake Sale

May 12, 2025

New Delhi: Global investment firm Carlyle Group has fully exited its investment in PNB Housing Finance by selling its entire 10.44% stake for ₹2,712 crore through open market transactions on Friday. The US-based investment firm sold the stake through its affiliate, Quality Investment Holdings PCC. The transaction involved the sale of over 2.71 crore shares […]

Carlyle Group Fully Exits PNB Housing Finance with ₹2,712 Crore Stake Salemore

Around 60 Builders and Companies in Gurugram Found Illegally Drawing Groundwater: HWRA Committee Formed

May 10, 2025

GURUGRAM: In a significant crackdown on unauthorized groundwater extraction, the Haryana Water Resources Authority (HWRA) has identified around 60 builders and firms in Gurugram that have been illegally drawing groundwater. Following this discovery, HWRA last week constituted a dedicated committee tasked with inspecting these sites and sealing borewells that do not adhere to the required […]

Around 60 Builders and Companies in Gurugram Found Illegally Drawing Groundwater: HWRA Committee Formedmore

Bombay High Court Criticizes Maharashtra RERA for Avoiding Hybrid Hearings

May 4, 2025

MUMBAI: The Bombay High Court strongly criticized the Maharashtra Real Estate Regulatory Authority (MahaRERA) for persisting with virtual-only hearings and showing unwillingness to resume hybrid or in-person proceedings. During a hearing on Wednesday, Justices Revati Mohite Dere and Neela Gokhale questioned the rationale behind denying physical appearances. “What is the difficulty in allowing parties to […]

Bombay High Court Criticizes Maharashtra RERA for Avoiding Hybrid Hearingsmore

Category: Regulatory

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