18 Aug 2025

The National Company Law Appellate Tribunal (NCLAT) has cleared the way for insolvency proceedings against Supertech Realtors, the developer of the Supernova project, by upholding a previous NCLT order. The NCLAT dismissed an appeal by promoter Ram Kishore Arora, whose settlement proposal was rejected by a consortium of banks with over INR 990 crore in dues. This decision allows for the formation of a Committee of Creditors to take over the project, which is 80% complete, a significant step towards a resolution for thousands of homebuyers waiting for possession in Noida.Read more

18 Aug 2025

The state development body has stepped in to complete a stalled township project after ending a decades-old agreement with the original developer, who failed to deliver promised infrastructure and became insolvent. The township spans over 2,000 homes in nine blocks, along with educational, commercial, and recreational facilities. With the developer no longer active on site since about 2010-11, residents have waited years for basic services. The authority now plans to fund completion of roads, drainage, parks and a community centre using assets still held by the builder, once necessary approvals and assessments are in order.Read more

17 Aug 2025

The state-launched digital portal for deemed conveyance-intended to modernise housing society document processes-encountered persistent technical failures that undermined its objective of dispensing with in-person visits. Users reported login issues and incomplete applications, prompting a return to deputy registrar offices. Authorities acknowledged the malfunction and are working to restore functionality. With over sixty per cent of housing societies still lacking legal land ownership, the system's limitations continue to hinder redevelopment and access to finance, prompting calls to simplify documentation requirements.Read more

17 Aug 2025

The government has introduced the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, in the Lok Sabha, proposing sweeping reforms to improve the efficiency of the insolvency process. The bill, which has been referred to a select committee of Parliament for review, aims to cut down on delays, protect stakeholders, and enhance governance. It includes new provisions for group insolvency and an out-of-court resolution process, seeking to address a current case backlog and bring India's insolvency framework in line with global standards.Read more

17 Aug 2025

The Karnataka Assembly on August 13, 2025, passed nine bills, including amendments to simplify real estate use for MSMEs and renewable energy projects. A key provision will allow MSMEs to use up to two acres of agricultural land without a formal conversion process, while a three-year imprisonment clause for this violation has been removed. The bills also aim to simplify the property registration process through the use of technology, with an emphasis on protecting homebuyers from fraudulent transactions.Read more

17 Aug 2025

The Bombay High Court has directed the Mumbai Metropolitan Region Development Authority (MMRDA) to remove 462 remaining illegal structures on farmland near Bhiwandi by February 2026. The order, issued by a bench of Chief Justice Alok Aradhe and Justice Sandeep Marne, is in response to a 2013 Public Interest Litigation (PIL) that highlighted widespread unauthorized construction. This ruling reinforces the court's strict stance against illegal development and compels authorities to complete a long-pending enforcement drive.Read more

17 Aug 2025

The Lucknow Development Authority has made it clear that no map approvals will be granted for housing in 241 unauthorised colonies, unless the 7.5-metre-wide roads are built by the government and are at least 200 metres in length. Despite discussions of relaxed norms, privately built roads in these areas remain ineligible. These colonies, first identified nearly 25 years ago, continue to lack basic infrastructure. Over time, regularisation efforts have repeatedly fallen short due to the stringent infrastructure criteria embedded in city planning frameworks. The LDA asserts that approving plans without proper amenities would fuel unplanned urban sprawl.Read more

16 Aug 2025

In a recent enforcement action, the Haryana Real Estate Regulatory Authority took strict measures against a Panipat property transaction involving cash payments, directing the builder to refund the amount along with significant interest. The case revolved around a homebuyer who had paid in cash, breaching legal thresholds. RERA also referred the matter to the Income Tax Department. The builder's refusal to provide verification documents further influenced the decision, underscoring the regulator's intent to eliminate illicit financial practices in the real estate sector.Read more

16 Aug 2025

India is finalizing guidelines for large-scale electric vehicle (EV) charging stations, with the aim of attracting significant private investment and accelerating EV adoption. The new rules, being drafted by the Ministry of Power and NITI Aayog, will focus on standardizing infrastructure, ensuring compatibility, and integrating with renewable energy sources. This move is a strategic response to the current shortfall in charging stations, as the country aims to boost its network from just over 12,000 public chargers to at least 2 million by 2030, a goal critical for reducing oil imports and cutting carbon emissions.Read more

15 Aug 2025

The Enforcement Directorate (ED) carried out raids at multiple locations in Lucknow and Delhi targeting Rohtas Projects Ltd., a real estate firm accused of defrauding investors of around INR 248 crore. The probe, initiated under the Prevention of Money Laundering Act (PMLA), follows 87 FIRs filed since 2021 by home and commercial space buyers who allege non-delivery and financial fraud. Promoters Piyush Rastogi, Paresh Rastogi, and Deepak Rastogi have been absconding for over four years. Forensic audits by UP RERA confirmed the misappropriation, highlighting persistent challenges in India's real estate sector.Read more