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The Enforcement Directorate (ED) has provisionally attached 707 acres of land in and around Aamby Valley City, Lonavala, valued at approximately Rs 1,460 crore, under the Prevention of Money Laundering Act (PMLA), 2002. This action is part of an investigation into Sahara Group's alleged money laundering activities. The land was reportedly acquired using funds diverted from Sahara Group entities and held under benami names. The probe, initiated based on FIRs from Odisha, Bihar, and Rajasthan, revealed that Sahara operated a Ponzi scheme through various cooperative societies, misleading depositors with promises of high returns and misusing their funds. ...
The Maharashtra Cabinet has waived the two-month penalty on property tax arrears for residents in small towns and rural areas, providing relief to citizens struggling with pending tax payments. The waiver is a part of the state’s efforts to ease the financial burden on property owners in less urbanized areas. Property tax dues from earlier periods will no longer accrue additional penalties for two months, helping residents clear arrears. The government aims to boost tax collection and encourage timely payments by offering this temporary relief to those unable to settle outstanding dues due to financial constraints. ...
The Karnataka Real Estate Regulatory Authority (K-RERA) has announced that residential projects that applied for an Occupancy Certificate (OC) before May 1, 2017, are exempt from mandatory registration under the RERA Act. This clarification resolves confusion about the registration requirements for such projects. K-RERA dismissed complaints from homebuyers of the Hamilton Homes project, who argued that the project was incomplete and should be registered under RERA. The authority cited a 2022 Karnataka High Court ruling, which confirmed that projects with OC applications before the RERA Act's implementation are not subject to its registration obligations ...
India’s top seven cities—Delhi, Mumbai, Bengaluru, Chennai, Hyderabad, Pune, and Kolkata—saw a 4% to 8% growth in office leasing in 2024, as per a report by Vestian. Delhi led with an 8.2% increase, followed by Mumbai at 6.7%, and Bengaluru at 4.7%. In contrast, global cities like New York, Hong Kong, and Shanghai experienced declines due to rising vacancies and changing workplace trends. India’s growth is fueled by strong demand from the IT sector and Global Capability Centers (GCCs), making it an attractive and cost-effective hub for office space expansion. ...
After a five-year pause, construction of the Rs 65,000 crore Amaravati capital city project in Andhra Pradesh has resumed under the leadership of Chief Minister N. Chandrababu Naidu. Envisioned as a world-class urban hub inspired by cities like Singapore and Tokyo, the city spans 217.23 sq km between Vijayawada and Guntur. The master plan by UK-based Foster and Partners aims to create 1.5 million jobs, house 3.5 million people, and contribute $35 billion to the GDP by 2050. The central government has pledged Rs 15,000 crore, with additional financial support from international agencies to push the mega project forward. ...
The Telangana government will launch the ‘Bhu Bharati’ portal on April 14, 2025, to improve land records management. Initially piloted in three mandals, the portal aims to offer a more transparent and citizen-friendly alternative to the earlier ‘Dharani’ system introduced by the previous BRS regime. Chief Minister A. Revanth Reddy has instructed officials to refine the portal based on public feedback and organize awareness programs across all mandals. District collectors will lead these initiatives. The new platform is expected to resolve longstanding issues in land administration and make record-keeping more accessible and efficient for citizens across the state. ...
The Odisha Real Estate Regulatory Authority (ORERA) has cancelled the registration of two housing projects in Bhubaneswar’s Mancheswar area after discovering that the developer illegally constructed approach roads on railway land without permission. One project, with only 10% of units sold, has been halted completely. In the second project, where residents have already moved in, ORERA has granted the developer two months to secure a no-objection certificate (NOC) from the railways. Homebuyers fear losing access if the NOC isn’t obtained. Experts blame the planning authority for approving the projects without verifying the land’s legal status, raising serious regulatory concerns ...
The Karnataka High Court has ruled that the registry of the Karnataka Real Estate Regulatory Authority (RERA) cannot decide on the maintainability of complaints. This decision came after Bengaluru resident Amit Garg’s complaint against SJR Prime Corporation was dismissed by the RERA registry via email. The court clarified that only the adjudicating authority of RERA has the jurisdiction to assess such matters. In a related case, the court also held that service providers like Columbia Pacific Communities, engaged through individual service agreements, cannot be held accountable under RERA for issues related to project development. Both complaints were addressed accordingly. ...
The Maharashtra government has approved the allocation of approximately 256 acres of decommissioned salt pan land in Mulund, Kanjurmarg, and Bhandup for the Dharavi Redevelopment Project (DRP). These lands, officially decommissioned years ago, are deemed safe for construction and free from environmental risks. The state government assures that all necessary environmental clearances will be obtained before commencing construction activities. These parcels were earmarked for affordable housing in the Development Plan 2034, approved in 2018, to address the city's growing population and housing needs. ...
State-run NBCC has raised over Rs 7,000 crore by auctioning approximately 7,100 residential units from stalled Amrapali projects to three developers: Manson, Happy Valley Infra, and Gaurs Group. This bulk sale aims to clear outstanding dues to banks and the Noida and Greater Noida authorities. Additionally, NBCC plans to generate Rs 14,000 crore through further land development and Floor Area Ratio (FAR) projects, facilitating the completion of about 46,000 delayed homes. The Uttar Pradesh government's approval for NBCC to develop additional flats is expected to aid in the timely delivery of these projects. ...
On April 10, 2025, Karnataka Chief Minister Siddaramaiah announced plans to recruit 36 Assistant Directors of Land Records (ADLRs) and regularize contract surveyors' services. At the 36th National Survey Day event, he emphasized the revenue department's role in maintaining societal peace and urged officials to complete pending land surveys within two years to prevent disputes. Appointment letters for 750 surveyors will be issued soon. Revenue Minister Krishna Byre Gowda highlighted technological advancements, noting that 49 CORS centers have been established and 5,000 additional rovers will be procured to expedite surveys, reducing time from over six hours to just eight minutes. ...
A builder in Hyderabad has lodged a complaint with the Telangana Real Estate Regulatory Authority (TGRERA) against two residents of the Aparna Serenity project in Petbasheerabad. The residents allegedly made unauthorized structural changes to their flat, violating Clause 15.1 of the sale agreement, which prohibits such alterations without prior written approval. The builder also referenced Section 433 of the GHMC Act, which bars structural modifications without official consent. The complaint aims to ensure regulatory compliance and preserve the building's structural integrity. TGRERA will now review the matter and decide on necessary action against the flat owners. ...
Gujarat Real Estate Regulatory Authority (GujRERA) has taken suo motu action against a Gandhinagar-based builder for accepting a Rs1 lakh token amount from a buyer before registering the project with RERA, which is a legal requirement. Though the builder later refunded the amount, GujRERA initiated proceedings under Section 59 of the RERA Act, which penalizes unregistered project promotions. The authority emphasized that no builder is allowed to advertise, market, or accept bookings without prior registration. This move highlights GujRERA’s strict enforcement to protect buyers’ rights and ensure compliance with real estate regulations in the state. ...
Five new FIRs have been filed against Ansal Properties & Infrastructure Ltd (APIL) in Lucknow over a land scam involving over ?50 lakh. Buyers, including Advocate Vishnu Dev Pandey and Pramod Kumar, allege they paid for plots, shops, or flats years ago but never received possession. Complaints detail delays exceeding a decade, with no refunds or delivery. These FIRs add to 14 previous ones filed against Ansal API, with charges including fraud and intimidation. Police have assured further action based on evidence and investigation. Company directors, including Pranav and Sushil Ansal, are under scrutiny in this growing real estate scam. ...
The Enforcement Directorate (ED) conducted raids on April 10, 2025, targeting Bhasin Infotech and Infrastructure Pvt. Ltd., led by promoter Satinder Singh Bhasin. Locations searched included the Grand Venice Mall in Greater Noida, as well as premises in Noida, Delhi, and Goa. The action stems from approximately 40 FIRs filed by investors alleging fraud of around ?40 crore, with many not receiving promised housing units. The ED's investigation focuses on potential money laundering under the Prevention of Money Laundering Act (PMLA). ...
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