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

Maharashtra extends Nazul land amnesty scheme to include Nagpur and Amravati

The Maharashtra government has extended its special amnesty scheme for residential Nazul land leaseholders in the Nagpur and Amravati divisions for another year, until July 31, 2026. This decision, aimed at benefiting an estimated 5,000 leaseholders in Nagpur alone, allows for the conversion of leased land into freehold ownership. The extension comes after a highly successful period where the state government's revenue surged to INR 24.65 crore in one year under a reduced 2% conversion fee, a significant increase from the INR 9 crore collected over five years at the previous 5% rate. The move is a boon for citizens seeking clear property titles and simplified transactions.Read more

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West Bengal distributes 2.26 lakh land deeds to boost housing rights

Since 2011, the West Bengal government has distributed 2.26 lakh land deeds for home construction, along with 1.80 lakh agricultural deeds and 47,000 forest deeds, strengthening land rights for vulnerable communities. Purba Bardhaman district alone has received 28,840 home deeds. The initiative complements the state's Banglar Bari scheme, launched in December 2024, which provides up to INR 1.20 lakh for rural families to build permanent homes. Despite funding hurdles from the Centre and some implementation challenges, the program has advanced housing access. By granting legal, inheritable ownership, the land deeds empower families with stability, collateral for credit, and a path to long-term economic security.Read more

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Navsari civic body cracks down on illegal construction across the city

The Navsari Municipal Corporation has launched a large-scale enforcement drive against unauthorised construction, following inspections at nearly 200 under-construction sites. Of these, 40 were found lacking the required permissions. Owners have been served notices and instructed to submit sanctioned building plans, layout drawings, survey records and 7/12 extracts within five days. Non-compliance may result in demolition or legal action. This is the first major regulatory step since Navsari's elevation to municipal corporation status and comes as the city prepares for its ward elections.Read more

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Panchkula authorities demolish illegal constructions in Barona Khud village

The Panchkula District Town Planner, along with senior officials and police support, carried out a large-scale demolition drive in Barona Khud village, Tehsil Raipur Rani, where 15 unauthorised damp proof course structures were removed. Notices had already been issued to violators, but as they ignored the directives, officials proceeded with direct enforcement. Authorities have made it clear that no development is permissible without prior approval from the Director of the Town and Country Planning Department, Haryana.Read more

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Ashiana Housing secures land in Chennai for senior living project within Mahindra World City

Ashiana Housing has acquired nearly 23 acres of land on a perpetual lease within Mahindra World City, Chennai, from Mahindra World City Developers, a subsidiary of Mahindra Lifespace Developers. The land, located beside its existing project Ashiana Vatsalya, will be used for a senior living development with a potential saleable area of 15 lakh sq ft and estimated revenue of INR 1,200 crore. The company has also reported strong sales growth in the recent fiscal quarter.Read more

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Manesar Municipal Corporation to charge property owners for cleaning vacant plots

The Municipal Corporation of Manesar (MCM) will now charge property owners for the cost of cleaning their vacant lots or private premises if garbage is found to have accumulated there. This new measure, which is being taken under Section 274 of the Haryana Municipal Corporation Act, 1994, is intended to improve sanitation and public health. MCM commissioner Ayush Sinha stated that this move will not only promote cleanliness but also make the public aware of their responsibilities. The MCM has also resumed its door-to-door waste collection service after a two-year hiatus.Read more

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Supreme Court upholds High Court ruling on land acquisition dispute in Bandra

The Supreme Court has upheld the Bombay High Court's decision that annulled the Slum Redevelopment Authority's acquisition of Church Trust-owned land in Bandra, noting that a private developer's influence was apparent in the process. The court stressed that a landowner's preferential right to redevelop should not be overlooked. It criticised the authority for rejecting the Trust's proposal while entertaining the developer's, and directed that the Trust be allowed to submit its own scheme for consideration.Read more

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Mysuru: MDA online auction sets record as INR 59 lakh plot fetches INR 2 crore

Mysuru Development Authority's (MDA) online auction of stray plots drew strong global participation, with bids far exceeding reserve prices and setting new benchmarks. A 745 sq ft corner plot in Vijayanagar IV Stage, valued at INR 59.6 lakh, sold for INR 2 crore, while a 4,133 sq ft site worth INR 3.3 crore fetched INR 9 crore. With 200 sites auctioned in four phases, each received an average of eight bids, though 25 single-bid plots may be cancelled. Some bids crossed INR 20,000 per sq ft-well above Mysuru's typical market range. The exercise, MDA's first in two years, generated record revenue for city development.Read more

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Thane civic body launches special squad to curb illegal constructions

The Thane Municipal Corporation has launched a dedicated squad to curb unauthorised constructions in Diva and Mumbra, areas that have witnessed a spurt in such activity. The decision followed a high-level review, after which officials took immediate action against 227 illegal structures and registered 24 criminal cases. With the monsoon intensifying structural risks, the civic body also ordered evacuations of unsafe buildings while tasking the squad with continuous vigilance and enforcement.Read more

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Hyderabad Metropolitan Development Authority to auction 93 prime plots from September 17

The Hyderabad Metropolitan Development Authority (HMDA) is set to auction 93 prime plots across Hyderabad from September 17 to 19. The plots are located in areas including Bachupally, Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, and Medipally. The upset prices range from INR 35,000 to INR 1.75 lakh per square yard. The proceeds from the auction will fund key infrastructure projects, including two elevated corridors and a greenfield radial road in Future City.Read more

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HYDRAA reclaims INR 400 crore land in Madhapur after decade-long encroachment

The Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) has reclaimed 16,000 sq yards of prime government land worth about INR 400 crore in Madhapur, near the Hitex arch. The land, encroached for over a decade, included parks and road areas from a 22.2-acre layout approved in 1995 and later regularized. Acting on citizen complaints via its Prajavani platform, HYDRAA cleared illegal structures, including a restaurant and hoardings, freeing two public parks, 5,000 sq yards of road, and additional government land. Fencing and signage have been installed to prevent re-encroachment, while a police case has been filed against the main offender.Read more

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Noida administration bans construction near Jewar Airport without NOC

The Gautam Buddh Nagar district administration has made it mandatory to obtain a no-objection certificate (NOC) before carrying out any construction or development within a 20-kilometre radius of the upcoming Noida International Airport in Jewar. Officials have warned of strict action against violations, while also stressing the need for measures to prevent waterlogging, restrict the movement of stray animals and birds, and completely ban drones and lasers near the site. Committees linked to airport safety and emergency response have been directed to improve coordination, as the project heads towards its first phase of operations later this year.Read more

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Noida Authority intensifies crackdown on illegal constructions

The Noida Authority has launched an aggressive campaign against illegal construction by directing officials to file First Information Reports (FIRs) and proactively follow up on existing police cases. The Authority is creating a comprehensive database to track all enforcement actions, including notices, complaints, and sealed properties. This new system is designed to enhance accountability, prevent negligence, and ensure a more effective and coordinated effort against illegal encroachments, particularly in flood-prone areas.Read more

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Godrej Properties acquires Kukatpally land in Hyderabad for INR 550 crore

Godrej Properties has acquired around 7.82 acres of land in Kukatpally, Hyderabad, for nearly INR 550 crore through an e-auction held by the Telangana Housing Board. The company will develop a housing project on this site, with an estimated revenue potential of INR 3,800 crore. Industry observers note that the price per acre achieved in this auction is significantly higher than recent sales in the same locality, reflecting rising demand. With this move, Godrej strengthens its growing presence in Hyderabad's residential market.Read more

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Welspun One buys 107 acres in Karnataka for warehousing projects

Welspun One Logistics Parks expanded its land portfolio in South India by snapping up two major parcels roughly 51 acres in Hoskote and 56 acres in Devanahalli taking its regional footprint past 260 acres, with development potential exceeding 6 million sq ft. Backed by a committed investment of USD 250 million (INR 2,150 crore), these moves underline the company's confidence in unfolding markets. Its strategy has been to enter early into high-potential locations, from North Chennai to Bengaluru, now extending across micro-markets like Hoskote and Devanahalli. The new sites will host Proxima and Proxima Plus parks, tailored for diverse industries requiring scalable and tech-ready infrastructure.Read more

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Uttar Pradesh orders three high-level panels to unlock stalled industrial land

The Uttar Pradesh state government recently set up three senior committees to tackle long-standing land allocation challenges under Noida, Greater Noida, and Yamuna Expressway urban-industrial zones. One panel is probing ways to release vast notified tracts, another will examine steep industrial land pricing, and the third aims to simplify building codes. Each committee includes top officials from Invest UP, various development authorities, and legal departments, and they've been asked to deliver plans within a fortnight. Combined with ongoing efforts to speed investment approvals and boost transparency, these steps mark a sharp push to make the state more attractive for industrial growth.Read more

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GMADA generates INR 961 crore in latest property e-auction

The Greater Mohali Area Development Authority (GMADA) recently concluded an e-auction that generated INR 961 crore by selling 65 out of 167 properties. Commercial properties, especially in Aerocity and Sector 78, drew strong bids, while residential plot prices showed a slight dip compared to the previous auction. Some categories, including petrol pump plots, hotel sites, and school plots, saw no interest, reflecting cautious investor sentiment. This auction highlights both the active demand in commercial real estate and the selective interest in residential and institutional plots in Mohali.Read more

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Telangana Housing Board auctions 7.5 acres in KPHB, eyes INR 500 crore

The Telangana Housing Board conducted an online auction for over 7.5 acres of land in Kukatpally Housing Board colony, Hyderabad expecting to generate around INR 500 crore. The base price was set at INR 40 crore per acre, and the auction attracted active participation. In addition, 618 incomplete 3-BHK flats located in Pocharam and Gajularamaram are also being auctioned. The housing board has already earned more than INR 300 crore from earlier sales of open plots and Rajiv Swagruha flats, and the funds are being directed to affordable housing projects and the Indiramma scheme.Read more

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Telangana's Future City plan faces legal roadblocks over Pharma City land

The Telangana government has run into legal complications in its attempt to reconfigure land initially allocated for Pharma City into a large-scale multi-sector Future City. The plan to redevelop nearly 20,000 acres across several villages has been challenged by farmers seeking the return of their land and by courts noting the original acquisition purpose. Authorities are now studying similar national precedents and consulting experts to determine whether the proposed change in land use can stand legal scrutiny.Read more

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Karnataka eases land use rules for MSMEs and renewable energy projects

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

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