01 Jun 2026

• The Enforcement Directorate (ED) has summoned several farmers from Jaipur’s Sanganer region to record statements in an ongoing money laundering and alleged land grab investigation.
• Farmers have alleged that ancestral agricultural land sold through legal transactions was subsequently brought under unauthorised control through the alleged misuse of powers of attorney.
• Investigators are examining land ownership records, surrender deeds and transaction documents linked to land deals executed over nearly two decades.
• The probe is connected to allegations involving a land aggregation network associated with realtor Gyan Chand Agarwal and other individuals.
• A separate complaint before the Rajasthan Real Estate Regulatory Authority (RERA) has raised concerns over the registration of a housing colony allegedly developed on disputed land using false documentation.Read more

01 Jun 2026

• The Mumbai Metropolitan Region Development Authority (MMRDA) has signed a memorandum of understanding (MoU) with the Tech Entrepreneurs Association of Mumbai (TEAM) during Mumbai Tech Week 2026.
• The partnership aims to support the development of a global startup, innovation and artificial intelligence (AI) ecosystem across the Mumbai Metropolitan Region (MMR).
• The collaboration will support initiatives linked to Maharashtra Innovation City and the broader Mumbai 3.0 development programme.
• Planned initiatives include AI job fairs, global capability centres, hackathons, investor engagement platforms and knowledge-sharing programmes based on international best practices.
• The partnership seeks to position MMR as a major destination for technology-driven investment, innovation and entrepreneurship.Read more

01 Jun 2026

A 26-year-old man died after a fire engulfed a garage-cum-residence in Mumbai’s Khar area, causing extensive damage to the family’s home and workplace in Chuim Village. The deceased, Adrien Alves, was pursuing chartered accountancy studies while also working at a comic book store in Bandra. The blaze destroyed portions of the residential structure and adjoining garage owned by the family. Following the incident, relatives and local residents launched an online fundraiser to support rebuilding efforts and assist the uninsured family.Read more

01 Jun 2026

• MahaRERA has again pulled up a Mumbai-based developer over alleged construction defects and delays in executing conveyance for a residential project.
• The authority directed the builder to undertake repairs and complete conveyance procedures within prescribed timelines.
• Residents had raised concerns regarding workmanship deficiencies, infrastructure-related issues and pending transfer of property rights.
• The order reflects increasing regulatory scrutiny over developer compliance and homebuyer protection in Maharashtra’s housing sector.
• Industry observers note that delayed conveyance and structural defect disputes remain among the most common complaints before MahaRERA.Read more

01 Jun 2026

• Punjab RERA has directed a developer to pay more than INR 25 lakh to homebuyers over delays in handing over possession of a residential unit.
• The authority ruled that the buyers were entitled to compensation and refund-related relief due to failure to meet committed delivery timelines.
• The case highlights increasing regulatory scrutiny over delayed housing projects and developer obligations under RERA provisions.
• Authorities reiterated that developers must adhere to possession schedules and honour contractual commitments made to homebuyers.
• Delayed possession disputes continue to remain a major category of complaints before real estate regulatory authorities across India.Read more

01 Jun 2026

• The Supreme Court has issued notices to the Centre, Enforcement Directorate, RBI and multiple real estate companies over allegations of diversion of homebuyers’ funds in Noida and Yamuna Expressway projects.
• The plea alleges that developers siphoned off thousands of crores collected from over 25,000 buyers and diverted funds to related entities instead of completing housing projects.
• The matter involves Jaiprakash Associates, Jaiprakash Infratech and several other developers operating in the Noida and Greater Noida region.
• The Enforcement Directorate has reportedly attached assets worth around INR 400 crore while the alleged fund diversion is estimated at over INR 14,000 crore.
• The apex court has sought replies from all respondents by July 15 as it examines allegations linked to project insolvency, delayed delivery and financial irregularities.Read more

01 Jun 2026

The Municipal Corporation of Delhi (MCD) has eased the regularisation process for small residential properties by removing the mandatory physical inspection requirement for buildings up to 105 square metres. Property owners can now complete the process online by submitting an architect-certified undertaking along with the required fee. The move is aimed at reducing delays, simplifying approvals and making civic services more accessible. Officials also expect the revised process to improve pending case disposal and strengthen municipal revenue collection. The decision is expected to benefit homeowners dealing with long-pending regularisation applications across Delhi.Read more

01 Jun 2026

• Life Insurance Corporation of India is reviewing its real estate portfolio and evaluating the possibility of setting up a separate subsidiary for property management.
• The insurer’s real estate holdings are conservatively estimated at more than INR 60,000 crore and include both self-occupied and investment properties accumulated over seven decades.
• LIC management said the review is aimed at improving yields, optimising asset utilisation and strengthening returns for policyholders and shareholders.
• The corporation is also assessing leased assets, branch infrastructure upgrades and operational efficiency across its property portfolio.
• The move comes as LIC reported a rise in profitability during FY26 and seeks to improve long-term monetisation of its non-core assets.Read more

01 Jun 2026

• India’s Insolvency and Bankruptcy Code has completed ten years, with creditors recovering more than INR 4 lakh crore through approved resolution plans.
• Over 30,000 insolvency cases involving claims of nearly INR 14 lakh crore were settled before formal admission to the National Company Law Tribunal.
• The Insolvency and Bankruptcy Board of India said 1,419 cases had yielded resolution plans by March 2026.
• Around 58% of closed insolvency cases resulted in rescue or settlement of companies, while the remaining cases moved into liquidation.
• The insolvency framework has significantly influenced the banking, infrastructure and real estate sectors, particularly in resolving stressed housing and developer assets.Read more

01 Jun 2026

• The Delhi government has released a draft Bed and Breakfast Policy, 2026 proposing formal regulation of small-scale homestay accommodation across the capital.
• The draft permits a maximum of eight rooms and 16 beds per property while introducing Gold and Silver categories based on room standards and amenities.
• Mandatory CCTV cameras, police verification, fire safety systems and guest registration norms have been proposed under the framework.
• Only legally constructed residential properties will qualify, while hotels, guest houses, serviced apartments and banquet facilities remain excluded.
• The Tourism Department has invited stakeholder feedback within 30 days before finalising the policy aimed at expanding affordable tourism infrastructure.Read more