22 Apr 2026

India is set to establish a dedicated bench within the National Company Law Tribunal (NCLT) to handle cross-border insolvency cases, aiming to expedite resolution timelines and improve coordination with foreign jurisdictions. The move follows recent amendments to the Insolvency and Bankruptcy Code (IBC), which introduce a framework based on a modified UN model law. The specialised bench will comprise trained members equipped to manage complex international insolvency matters involving overseas assets and creditors. The initiative seeks to address delays seen in past high-profile cases and enhance recovery prospects, while strengthening India's insolvency ecosystem in line with global practices.Read more

22 Apr 2026

The Maharashtra government has approved the rollout of 60 privately operated property registration centres to improve efficiency and reduce congestion at existing sub-registrar offices. The centres will function alongside over 500 government facilities, with private operators managing infrastructure and front-end services while registration authority remains with government officials. The initiative will be implemented in phases, beginning with key cities such as Mumbai, Pune, Thane and Nagpur. Users opting for these centres will pay an additional service fee for improved amenities and faster processing. The move reflects a broader push to modernise property registration processes and enhance user experience, though concerns have been raised regarding added costs and the need to upgrade existing public infrastructure.Read more

Mumbai News Desk

22 Apr 2026

The Bombay High Court has permitted MHADA to use unclaimed flats in the Patra Chawl redevelopment for public housing if eligible residents fail to take possession by April 30. The court noted that completed homes should not remain unused in a city facing housing shortage. It also allowed delayed claim by residents with prior notice. The case includes concerns over construction quality, lease obligations, and misuse of rehabilitation units. The ruling aims to ensure better use of public housing stock while protecting the rights of original beneficiaries.Read more

22 Apr 2026

The Directorate of Enforcement carried out a search operation at the office of Hampton Sky Realty Ltd over a three-day period in the past week. The company informed stock exchanges about the development, stating that the financial implications of the action cannot be determined at this stage. While details of the investigation have not been disclosed, such actions are typically linked to financial scrutiny under laws related to money laundering or irregular transactions. The development adds to a series of enforcement actions seen recently in the real estate sector.Read more

22 Apr 2026

Himachal Pradesh Real Estate Regulatory Authority has imposed an interim penalty of INR 70 lakh on two residential projects in Solan—Chester Hill-2 and Chester Hill-4—for multiple regulatory and financial violations. The action follows complaints from homebuyers and allottees’ associations, citing irregularities in fund management, deviations from approved plans, and deficiencies in essential services. The authority also flagged improper formation of resident welfare associations and alleged unauthorised commercial activities. Audit findings revealed serious lapses, including inter-mixing of funds and absence of project-specific accounts. The regulator has directed promoters to deposit penalties within 30 days and submit certified disclosures, while further investigations have been initiated across departments to assess land use violations and ownership concerns.Read more

22 Apr 2026

The Securities and Exchange Board of India has revised its ‘fit and proper person’ framework, removing automatic disqualification linked to pending FIRs, complaints or charge sheets in economic offence cases. The updated norms expand disqualification triggers upon conviction and introduce procedural safeguards, including a mandatory hearing before adverse classification. The regulator has also reduced the cooling-off period for registration applications to six months and removed the default five-year ineligibility clause. Intermediaries must now disclose disqualifying events within 15 working days, with additional clarity provided on group entities and corrective actions for key personnel.Read more

Lucknow News Desk

22 Apr 2026

Lucknow Police has attached assets worth over INR 5.78 crore linked to an alleged real estate fraud syndicate that duped buyers by selling non-existent or disputed land parcels. The action, carried out under the Uttar Pradesh Gangsters and Anti-Social Activities (Prevention) Act, targets properties and vehicles belonging to the accused. The syndicate reportedly posed as representatives of reputed developers and specifically targeted armed forces personnel. Authorities have registered multiple cases involving fraud, forgery and criminal conspiracy. The move forms part of an ongoing crackdown on organised real estate fraud, with further asset attachments expected as investigations progress.Read more

22 Apr 2026

Residents across Pimpri Chinchwad have demanded action against developers for failing to honour water supply commitments made during project approvals, forcing societies to depend on private tankers. Housing federations have sought recovery of expenses incurred by residents since 2019, with some societies reporting significant outflows on tanker procurement. The issue follows directives from the divisional commissioner to take action against non-compliant builders and publish details of violations. The civic body has indicated it is compiling a list of defaulting developers, while ongoing delays in the Bhama Askhed pipeline project continue to limit municipal supply. The situation highlights gaps in enforcement of developer undertakings and infrastructure readiness.Read more

22 Apr 2026

Illegal colonies along the Ganga riverbank in Haridwar have emerged as a significant source of pollution, with local authorities flagging direct discharge of untreated waste into the river. The municipal body has written to the irrigation department seeking action against encroachments on government land, where basic sewage infrastructure is absent. These settlements reportedly release domestic and human waste into the river, undermining ongoing clean-up efforts. The issue highlights gaps in urban planning and enforcement, particularly in riverfront zones, and raises concerns over environmental compliance in unregulated housing clusters. Authorities are now considering coordinated action to address both encroachment and waste management failures.Read more

Lucknow News Desk

21 Apr 2026

The Lucknow Development Authority has introduced a one-time settlement (OTS) scheme targeting nearly 4,000 defaulting property allottees across residential, commercial and institutional segments. Rolled out earlier this week, the scheme allows waiver of penal interest and offers structured payment options, including instalments for high-value dues. Incentives for early settlement and simplified processing aim to accelerate resolution of long-pending defaults. The initiative is designed to improve revenue recovery while enabling property regularisation for allottees facing accumulated liabilities. With dedicated help desks and outreach measures, the authority is seeking to bring inactive accounts back into compliance and streamline property administration across its portfolio.Read more