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The Supreme Court has summoned the chief officer of MHADA to explain how the agency plans to clear rent arrears exceeding INR 12 crore for tenants affected by the stalled redevelopment of Parvati Building in South Mumbai. The redevelopment, initiated in 2013, faced prolonged delays after the previous developer defaulted on rent payments for temporary accommodation. Despite MHADA appointing a new developer, tenants remain without homes nor transit rents. The SC has ordered MHADA's chief officer to appear on April 7, 2025, and present a resolution plan.
The Enforcement Directorate (ED) has attached eight commercial spaces worth INR 5.61 crore in TDI Mall, Kundli, Haryana, as part of a money-laundering investigation. The case stems from TDI Infrastructure's violation of environmental norms in its residential projects, leading to untreated sewage discharge. This non-compliance with pollution control laws generated proceeds of crime, prompting ED action under the Prevention of Money Laundering Act (PMLA).
The Bombay High Court has upheld the removal of Sushanku Builders from a slum rehabilitation project in Bandra, citing delays in the scheme's completion. The builder's plea to reverse the decision, made by the apex grievance redressal committee under the Slum Act was dismissed. The court noted that despite being exonerated for delays until August 2021, the builder's actions post that period were deemed unacceptable, thus justifying the termination of their appointment.
The Lucknow Development Authority (LDA) has initiated a survey of vacant plots to combat fraud in property registrations, following recent arrests linked to land fraud. LDA Vice-Chairman Prathamesh Kumar has set a 15-day deadline for the survey and introduced measures to restrict access to the LDA office. Additionally, the authority is upgrading its software system to improve data security, addressing flaws in the previous portal that compromised safety.
The Telangana Real Estate Regulatory Authority (TGRERA) imposed a penalty of INR 4.2 lakh on a developer for promoting the "Sanali Pinnacle" project without mandatory registration and approvals from the Greater Hyderabad Municipal Corporation (GHMC). Despite lacking the required permissions, the builder marketed the project online and via hoardings. TGRERA has directed the developer to register the project and cease marketing or sales until compliance is met, with further penalties threatened for non-compliance.
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Housing societies in Kharghar have called on the City and Industrial Development Corporation (CIDCO) to stop granting commencement and occupation certificates for new projects, citing an ongoing water crisis. On 28th March, the Kharghar Cooperative Housing Societies Federation, representing 505 societies, highlighted that 125 societies were experiencing 30-50% water cuts. Residents are relying on water tankers, fearing the situation will worsen with new developments. With 200 high-rise buildings under construction and land sales continuing, concerns have been raised over the lack of clarity on water supply for upcoming projects. Officials estimate a daily shortfall of 18 million litres in Kharghar and Taloja.
The Maharashtra urban development department (UDD) has reduced premium charges for buildings over 30 years old and up to 18 metres in height within the funnel zone of Chhatrapati Shivaji Maharaj International Airport. As part of amendments to the Development Control and Promotional Rules 2034, the basic FSI for such buildings will be 1, with the option to generate and sell TDR if height restrictions prevent full utilisation. A 60% premium will apply for additional FSI. While the move aims to facilitate redevelopment, experts argue for further relaxations, including reduced charges and increased height limits. Deputy Chief Minister Shri Eknath Shinde stated that measures are being introduced to make redevelopment viable in affected areas like Santacruz, Vile Parle, Andheri, and Kurla.
The Bombay High Court has ruled in favour of 24-hour convenience stores, stating that there are no legal restrictions on their operating hours. The decision follows a plea by Accelerate Productx Ventures Pvt. Ltd., which operates 'The New Shop' in Pune's Hadapsar, challenging police actions forcing closure after 10-11 pm. The court noted that 24x7 stores enhance consumer convenience, boost spending, and generate employment. Police authorities admitted their enforcement was based on a misunderstanding. The court clarified that existing regulations apply only to establishments serving alcohol, theatres, and similar businesses, not general retail stores.
The National Company Law Tribunal (NCLT) has sanctioned the settlement plan for Supreme Infrastructure India, facilitating the resolution of its INR 2,200 crore debt. The strategy includes structured repayments, asset monetisation, and financial adjustments. Financial creditors will receive INR 464 crore for a complete exit, with INR 183.29 crore sourced from asset monetisation and INR 147.23 crore raised through equity from investors and promoters. Additionally, INR 133.48 crore will be paid to creditors by liquidating pledged assets, enabling the release of specific financial charges.
The Telangana Real Estate Regulatory Authority (TGRERA) has imposed a INR 4.2 lakh fine on a builder for promoting the 'Sanali Pinnacle' project without necessary approvals and registration. Despite the absence of required permissions from the Greater Hyderabad Municipal Corporation (GHMC), the builder proceeded with marketing the project. TGRERA has ordered the developer to register the project and cease all marketing activities until compliance is met, with further penalties possible for non-compliance.
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