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%

Law & Policy

Six million families to benefit as Maharashtra clears Fragmentation Act violations

The Maharashtra government has allowed free regularisation of land parcels purchased in violation of the Maharashtra Prevention of Fragmentation and Consolidation of Holdings Act for transactions made between 15 November 1965 and 15 October 2024. The directive removes notes about fragmentation violations from 7/12 land records and ensures rightful buyers are recorded as occupants. The decision, backed by a recent government notification, is expected to help about 6 million landowners, including many in urban, commercial, and peripheral regions. Unregistered transactions can also be legally registered after paying stamp duty and registration fees.Read more

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GCDA clears land-pooling plan for Infopark Phase III in Kochi

The Greater Cochin Development Authority (GCDA) has approved the land-pooling process for Infopark Kochi's Phase III development in Kunnathunad taluk. The plan aims to bring together around 500 acres for an integrated IT and AI-focused township, marking one of Kerala's largest land-pooling exercises. GCDA will handle land identification and coordination with landowners, while Infopark will lead overall development. A land-pooling office has already started functioning, and early assessments indicate strong potential for investment and long-term technology-led growth in the region.Read more

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Maharashtra clears MHADA-led cluster redevelopment of Kamathipura

The Maharashtra government has approved the long-awaited redevelopment of Kamathipura, assigning the project to MHADA's Mumbai Building Repairs & Reconstruction Board under the Construction & Development Agency model. A survey found nearly 800 dilapidated, century-old buildings across 34 acres. Using DCPR 2034's Regulation 33(9) for cluster redevelopment, MHADA's plan will rehouse about 8,001 people, offering both residential and non-residential tenants 500 sq ft two-bedroom flats. Landowners will receive units based on plot size. The project includes new homes, commercial spaces and open areas, transforming the precinct into a modern 'urban village.' MHADA will receive 44,000 sq m, while developers can build roughly 567,000 sq m, creating around 4,500 new units.Read more

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Goa's District Collectors directed to publish land-conversion sanads online

The Goa State Information Commission has instructed the district collectors of North and South Goa to upload all land-conversion sanads on a public portal. The directive followed a complaint stating that authorities had not fulfilled their obligations under the RTI Act's proactive disclosure provisions. The information to be uploaded includes applicant details, survey numbers, application and sanction dates, and a plan showing the converted portion of land. The order aims to strengthen transparency and reduce the volume of individual RTI requests.Read more

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Uttar Pradesh introduces stamp duty concessions to ease lease agreement registration

The Uttar Pradesh government has announced significant stamp duty and registration fee concessions for lease agreements up to ten years to encourage formal registration and reduce disputes. The cabinet cleared the proposal earlier this week. Many tenancy agreements remain unregistered due to high costs, leaving them legally vulnerable and open to recovery actions by authorities. The new provisions set a ceiling of INR 10 lakh for average annual rent in calculating stamp duty and exclude toll-related and mining leases. This move simplifies registration and ensures better legal compliance for landlords and tenants.Read more

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Kalyan-Dombivli rolls out KD-SWIFT one-window system for building permissions

In response to concerns over the emergence of illegal buildings, the Kalyan-Dombivli Municipal Corporation (KDMC) has introduced KD-SWIFT, a digital one-window platform for building-permission approvals. This new system lets citizens, architects, and developers apply for permissions across eight departments - including fire, drainage, water supply, and tree authority - via a single portal. The process is time-bound, with a 28-day turnaround for decisions, and approvals come with QR-coded certificates to enhance verification and transparency.Read more

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Supreme Court postpones Sahara firm's plea on property sale approval to Adani Group

The Supreme Court has postponed by about six weeks the hearing on a Sahara Group company's request seeking approval to sell 88 properties to the Adani Group. The bench asked the Union government and other concerned parties to respond to the amicus curiae's note, which flagged issues with 34 properties, including allegations of forged documents. The Ministry of Cooperation has also been added to the case, as several cooperative societies linked to Sahara may be affected. The court had earlier sought responses from the Centre and SEBI on the proposed sale.Read more

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Odisha RERA tightens rules with detailed quarterly reports for agents

The Odisha Real Estate Regulatory Authority (ORERA) introduced a stricter quarterly progress-report (QPR) format for all its registered real-estate agents. The change comes after a central audit revealed that many agent filings were incomplete and lacked sufficient detail. Under the new template, agents must provide transaction-level data including agent registration, project and promoter names, commissions, contract role, and supporting documents like agreements and receipts. These reporting norms will apply from the quarter ending December 2025. ORERA has warned of penalties for non-compliance.Read more

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Relief for 1.25 lakh families as Delhi lifts power ban on 'booked' properties

The Delhi government has removed a long-standing policy that barred power supply to properties booked by the Municipal Corporation (MCD) for unauthorised construction. Under the revised rule, electricity distributors (DISCOMs) can no longer refuse or cut power simply because a property is 'booked.' Connections can only be denied when MCD formally notifies that the building is under demolition or sealing. This change, approved by Chief Minister Rekha Gupta, is expected to benefit over 1.25 lakh households across the city.Read more

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Odisha government upholds BDA order to demolish illegal five-storey building in Andilo

The Housing and Urban Development Department has rejected an appeal by a promoter and home-buyers against the Bhubaneswar Development Authority's order to demolish an unauthorised five-storey residential building in Andilo, Balianta. Officials found that the structure was built without mandatory NOCs or planning approvals, relying instead on an outdated gram panchayat layout predating BDA jurisdiction. A legal dispute between the landowners and promoter further complicated the case, as the owners had revoked the power of attorney. Despite the violations, units had been sold and rented out. Authorities have ordered all occupants to vacate, with demolition costs to be recovered from the promoter and landowners, reinforcing strict action against illegal construction.Read more

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