Category: Regulatory

Allahabad High Court Nullifies Greater Noida Authority’s Plot Cancellation Orders

July 2, 2025

NOIDA: The Allahabad High Court has struck down two separate orders issued by the Greater Noida Industrial Development Authority (GNIDA) canceling land allotments, marking a legal setback for the Authority. The court found that GNIDA failed to adhere to statutory deadlines and followed procedurally flawed processes. The two cases involved high-stakes projects—one being a major […]

Allahabad High Court Nullifies Greater Noida Authority’s Plot Cancellation Ordersmore

Karnataka: 10 Builders Yet to Clear ₹347 Crore in Penalties

June 24, 2025

Years after the Real Estate Regulation and Development Act (RERA) came into force, several major builders in Karnataka continue to defy recovery orders issued by the Karnataka Real Estate Regulatory Authority (K-RERA). This prolonged inaction has left countless aggrieved homebuyers in a frustrating cycle of chasing justice through courts and government offices—despite having rulings in […]

Karnataka: 10 Builders Yet to Clear ₹347 Crore in Penaltiesmore

UP-RERA Returns ₹128 Crore to Over 350 Homebuyers in 2025

June 20, 2025

LUCKNOW: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has reported significant progress in safeguarding homebuyer interests by recovering ₹128 crore this calendar year from developers who failed to complete their housing projects. This amount has been directly deposited into the bank accounts of approximately 376 homebuyers, marking a noteworthy step in ensuring financial redressal […]

UP-RERA Returns ₹128 Crore to Over 350 Homebuyers in 2025more

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