Kotak Mahindra Bank: RLLR: 0.75 | From: 8.7% - To: 10.5%
Union Bank of India: RLLR: 0.5 | From: 8.5% - To: 10%
Bank of Baroda: RLLR: 0.5 | From: 9.25% - To: 11%
HDFC Bank: RLLR: 0.75 | From: 8.5% - To: 8.8%

Asset class : Land

Madras HC upholds sub-registrars' power to reject unapproved land documents

The Madras High Court has clarified that sub-registrars are legally empowered to deny registration of plots converted into house sites without prior approval from the concerned planning authority. The court's decision came in response to an appeal challenging a previous order that had directed registration despite the absence of such approval. The ruling establishes that if a land parcel has not been registered earlier as a house site, registration cannot proceed under that category unless the planning authority has explicitly approved the conversion.Read more

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DDA to auction 100 plots across Delhi; registration opens October 27

The Delhi Development Authority (DDA) is set to start registration for its e-auction of nearly 100 plots across major city locations, beginning October 27. The auction will cover six categories: residential, institutional, commercial, industrial, CNG station, and group housing plots. Registration will continue until November 17, with online bidding for residential and group housing plots on November 20, and other categories on November 21. This move follows a one-and-a-half-year pause due to RERA regulations and marks the resumption of the DDA's e-auction initiative, offering multiple investment opportunities.Read more

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Pune: Charity body stops INR 311 crore sale of Model Colony trust property

Maharashtra's Charity Commissioner, Amogh Kaloti, has intervened to stop the sale of a 12,000-square-meter property in Pune's Model Colony owned by the Seth Hirachand Nemchand Smarak Trust. The property, which includes a Jain boarding facility and Mahavir Digambar Jain Temple, was set to be sold to Gokhale Constructions for INR 311 crore. Opposition from sections of the Jain community led to the intervention, with the Commissioner ordering a 'status quo' and seeking a detailed report. The trust maintains that all legal processes were followed during the sale.Read more

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Pune municipal officials suspended for overlooking illegal construction

Pune Municipal Corporation suspended two TDR department officials for permitting illegal construction at a Baner property. The sixth-floor slab was complete, and work on the seventh floor had begun without approval, while the proposal for additional TDR was still under review. This step reflects PMC's ongoing efforts to ensure compliance with building rules and prevent misuse of development rights. Earlier, sanitation staff were suspended and other officials transferred. The civic body is actively inspecting properties to detect violations and strengthen regulatory oversight.Read more

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Hosachiguru targets INR 100 crore revenue with new farm plot project near Bengaluru

Hosachiguru, a Bengaluru-based realty firm, has launched a 23-acre farm plot project called 'Dharani', offering 60 plots priced from INR 65 lakh onwards. The company anticipates generating INR 100 crore from this initiative. Known for managing farms using organic and tech-enabled practices, Hosachiguru provides a seamless ownership experience. The firm has successfully completed six farm projects and is developing around ten more. The launch of Dharani highlights the growing demand for well-managed, hassle-free farm plot investments in the Bengaluru region.Read more

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Rajasthan may allow land-use change near Jawai Bandh leopard reserve

The Rajasthan government is reportedly considering a proposal to allow land-use conversion within the one-kilometre eco-sensitive zone (ESZ) surrounding the Jawai Bandh leopard conservation area in Pali district. The move follows a representation from a hotelier who claimed existing restrictions were hampering tourism and local livelihoods. While the proposal could encourage economic development and tourism growth, conservationists fear it may violate environmental norms and threaten the fragile habitat of the country's only population of cave-dwelling leopards.Read more

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LuLu Group buys INR 519 crore land parcel in Ahmedabad, sets new city record

LuLu International Shopping Malls Pvt Ltd has purchased a 66,168 sq m plot in Chandkheda, Ahmedabad, for INR 519.41 crore, marking the city's largest-ever property transaction. The deal, registered at the Sabarmati sub-registrar's office, generated INR 31 crore in stamp duty, a record for Ahmedabad. The Ahmedabad Municipal Corporation had auctioned the land at a base price of INR 76,000 per sq m, with LuLu securing it at INR 78,500 per sq m. After resolving land possession issues, the AMC approved a full sale deed instead of a 99-year lease, reflecting a policy shift towards investor-friendly practices and signalling rising confidence in Gujarat's real estate market.Read more

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Bombay HC rules CIDCO's 22.5% land return scheme is optional for owners

The Bombay High Court has clarified that CIDCO's 22.5% developed land return scheme is optional, not mandatory, for landowners. If landowners choose not to participate, CIDCO must follow the due process under the LARR Act, 2013, and the Maharashtra Regional and Town Planning (MRTP) Act, including providing full monetary compensation. The judgment reinforces statutory property rights and fair compensation principles. Experts suggest the ruling could affect land acquisition practices in Navi Mumbai, particularly in projects like the Navi Mumbai Airport Influence Notified Area (NAINA) and Navi Mumbai International Airport (NMIA).Read more

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Bombay High Court invalidates SRA's acquisition of NESCO land for slum rehabilitation

The Bombay High Court recently annulled the Slum Rehabilitation Authority's (SRA) acquisition of NESCO Limited's land in Goregaon (East) for a slum redevelopment project. The court determined that the acquisition violated due process under the Maharashtra Slum Areas (Improvement, Clearance and Redevelopment) Act, 1971. NESCO had contested the acquisition, asserting its right to redevelop its land and challenging the legality of the proceedings. In a surprising turn, slum dwellers supported NESCO's stance, citing issues with the previous developer.Read more

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Madhya Pradesh High Court issues notices over illegal constructions near Kaliyasot Dam

The Madhya Pradesh High Court has issued notices to retired IAS officers, a businessman, and builders over alleged illegal constructions in Bhopal's 'Whispering Palms' society near the Kaliyasot Dam. Petitioners highlighted that residents exceeded the permissible construction limit of low-density zones by over 50%, violating the Bhopal Master Plan-2005. The court has directed authorities to investigate and take action, emphasizing the importance of protecting ecologically sensitive areas and adhering to urban planning norms. Further hearings are scheduled to review compliance and measures for mitigation.Read more

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Goa to conduct comprehensive land survey after over 50 years

Goa is set to undertake its first major land survey in more than five decades to update outdated records and identify unclaimed or vacant plots. The initiative will initially focus on urban areas, using modern geospatial technology to ensure accurate data collection. Survey officers, assisted by staff from various departments, will compile records in a central digital system, with drafts released for public feedback. The survey will facilitate better land governance, streamline property rights, and support urban planning and development initiatives across the state.Read more

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Haryana moves to map 1,881 wetlands after Supreme Court directive

The Haryana government has initiated the mapping and demarcation of 1,881 wetlands across the state, responding to a Supreme Court directive. The court's orders, issued earlier this year, emphasized the urgency of protecting these vital ecosystems from encroachment and pollution. District administrations have been tasked with verifying and marking the boundaries of these wetlands, with a deadline set for completion. This move aligns with national efforts to conserve wetlands under the Wetlands (Conservation and Management) Rules, 2017.Read more

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DTCP launches demolition drive in Gurugram to curb unauthorised constructions

Earlier this week, the Department of Town and Country Planning (DTCP) in Gurugram undertook aggressive demolition operations targeting illegal warehouses and unauthorised colonies encroaching on agricultural and revenue land. The move saw two warehouses and a long boundary wall dismantled in Bilaspur, while in Farrukhnagar multiple structures and road networks were removed. The DTCP said notices had been issued previously, but non-compliance led to the drastic action. Officials warned that similar drives will continue across other fringe zones, urging citizens to verify property approvals before investing.Read more

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Jaipur Development Authority expands zones to 27 under Master Plan 2047

The Jaipur Development Authority (JDA) has revised its Master Plan 2047, expanding the number of administrative zones from 18 to 27 to manage the city's rapid growth more efficiently. The new zones primarily cover the city's peripheral areas, while the existing central business districts remain unchanged. Divisional commissioners have been temporarily assigned to oversee the new zones to ensure proper governance and urban planning. This restructuring aims to improve infrastructure management, streamline approvals, and support sustainable development as Jaipur continues to expand.Read more

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Amitabh Bachchan acquires three luxury land parcels in Alibaug

Bollywood star Amitabh Bachchan has strengthened his presence in Alibaug, a coastal town near Mumbai, by acquiring three adjacent plots totaling 9,557 sq ft. The plots, part of the 'A Alibaug Phase-2' project by The House of Abhinandan Lodha, were bought for a combined INR 6.6 crore, following an earlier purchase of a 10,000 sq ft plot in the same area for INR 10 crore. These acquisitions highlight his consistent interest in luxury real estate in the region, a popular destination for high-profile individuals seeking premium second homes and villas.Read more

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Godrej Properties acquires 26-acre land in Bengaluru for premium residential development

Godrej Properties has acquired a 26-acre land parcel near Sarjapur Road in South Bengaluru for a premium residential project with estimated revenue of around INR 1,100 crore. While the seller and deal value remain undisclosed, the acquisition highlights the company's focus on high-demand micro-markets. Gaurav Pandey, MD & CEO, emphasized Bengaluru's growth potential and the trust customers place in the brand. With a strong presence across Mumbai, Delhi-NCR, Pune, Bengaluru, and Hyderabad, Godrej continues to expand strategically in cities and corridors where residential demand is robust and infrastructure is evolving.Read more

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Mahindra Lifespace buys 13.46-acre Pune land for INR 3,500 crore housing project

Mahindra Lifespace Developers Ltd, the real estate arm of the Mahindra Group, acquired a 13.46-acre parcel of land in Pune's Nande-Mahalunge locality to develop a residential project with an estimated development potential of INR 3,500 crore. The firm, which withheld details of the seller, also unveiled plans to redevelop four housing societies in Malad (West), Mumbai, projecting around INR 800 crore in revenue from the sale of the free-sale component.Read more

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Lucknow Development Body to reopen plot registrations in Anantnagar

Earlier this week, the Lucknow Development Authority (LDA) announced that it would reopen registrations for some 500 residential plots under the Anantnagar Housing Scheme coinciding with Diwali. The project, spread across 785 acres, includes plans for an Education City and modern infrastructure. Plot sizes range across multiple categories, and rates remain fixed. Additionally, the state government has approved significant funding for two new LDA housing projects - Varun Vihar and Naimish Nagar - set to further expand residential offerings in the region.Read more

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Karnataka High Court urges state government to set land transaction guidelines

The Karnataka High Court has called on the state government to create clear guidelines for land and site transactions on converted lands outside sanctioned layouts. The court emphasized that Section 17(2B) of the Karnataka Town and Country Planning Act, 1961, is meant to protect buyers while ensuring planned urban growth and adequate civic infrastructure. This move follows the dismissal of a petition where the municipality refused an e-khata for a converted plot without layout approval. The court highlighted the need for a formal regulatory framework to prevent unplanned developments.Read more

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Namo Bharat RRTS: NCRTC seeks more land to expand Dharuhera station plan

The National Capital Region Transport Corporation (NCRTC) has requested an additional 8,812 square metres of land from the Haryana Shahari Vikas Pradhikaran (HSVP) for the construction of the Dharuhera station under the Namo Bharat Regional Rapid Transit System (RRTS) project. This revision increases the total land requirement from 16,286 square metres to 20,985 square metres. The redesign aims to enhance multimodal connectivity and ensure a 9-metre access road to the local fire station. The Haryana government has approved the revised Detailed Project Report (DPR) for the corridor.Read more

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