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

Maharashtra delays 'One State, One Registration' scheme by six months due to technical and security concerns

The Maharashtra government's ambitious 'One State, One Registration' initiative, aimed at allowing property registration at any of the state's 519 sub-registrar offices, has encountered significant delays. Initially part of the government's 100-day programme, the scheme faced technical challenges and raised security concerns among activists. While intra-district registration commenced on May 1, 2025, the inter-district system requires an additional six months for a complete rollout. Officials are considering enhanced technological safeguards and plan to address public concerns before proceeding.Read more

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55,000 PMAY-G homes handed over in Assam as Centre pushes for poverty-free villages

The Government of India, through the Pradhan Mantri Awas Yojana - Gramin (PMAY-G), is actively improving rural housing in Assam. Union Rural Development Minister Shivraj Singh Chouhan recently handed over 55,000 homes to beneficiaries and announced plans to build 3.76 lakh more this year. He also launched the 'Lakhimi Mistri' scheme to train women in masonry, boosting employment and their role in rural construction. Additionally, 21 Knowledge Centres were inaugurated under the Rural Infrastructure Development Fund to support farmers with resources and technical aid. These efforts aim to create poverty-free, self-sustaining villages, with a strong focus on women's empowerment and agriculture-led development.Read more

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Pimpri Chinchwad Municipal Corporation approves revised draft development plan for 20-year growth

The Pimpri Chinchwad Municipal Corporation (PCMC) has approved a revised draft development plan (DP), covering all areas under its jurisdiction for the first time. Spanning 173.24 sq. km, the plan outlines urban growth strategies through 2041, addressing infrastructure needs amid rapid population growth-from 17 lakh in 2011 to a projected 61 lakh by 2041. Key features include wider roads, EV charging points, metro parking zones, transport hubs, and green spaces. It also integrates areas from the former PCNTDA and uses GIS-based planning. Citizens can submit feedback within 60 days, after which a review committee will evaluate suggestions before the plan is submitted for state approval.Read more

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ED intensifies probe into MUDA's controversial 50:50 land allotment scheme

The Enforcement Directorate (ED) has requested additional information on three specific survey numbers from the Mysore Urban Development Authority (MUDA) as part of its money-laundering investigation into the controversial 50:50 land allotment scheme. The probe, which follows allegations of collusion and irregular land transfers, has prompted MUDA to furnish detailed allotment and acquisition records for properties spanning Basavanahalli, Hebbal and Devanur villages. The ED's intensified scrutiny aims to uncover financial misconduct and ensure accountability in the allocation of over 1,000 compensatory sites under the scheme.Read more

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Gujarat government approves Vapi's first-ever town planning scheme for streamlined development

The Gujarat government has approved Vapi's first draft town planning (TP) scheme, enabling the newly formed Vapi Municipal Corporation (VMC) to pursue structured city development across 126 hectares west of the Custom Frontier Road. The scheme, notified under TP No.1, establishes proper road networks and utility layouts, and secures land for public amenities and affordable housing. VMC officials say the plan will eliminate fragmented plots and boost infrastructure led growth in Vapi's industrial belt, while paving the way for future schemes in Dungra and beyond.Read more

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LIT launches land pooling initiative to acquire land for new urban development in Ludhiana

The Ludhiana Improvement Trust (LIT) is seeking to revive its role in the city's development after most of its residential colonies were transferred to the municipal corporation. With limited ongoing projects-only the Atal Apartment scheme-LIT now plans a new residential-cum-commercial project using a land pooling model. Landowners within or near municipal limits are invited to contribute land in exchange for developed plots. The initiative, previously attempted under an earlier chairman, is being revived under current chairman Tarsem Bhinder, focusing on areas near Sidhwan Canal and Lohara. The plan aims to reestablish LIT's relevance by promoting planned, participatory urban growth in Ludhiana.Read more

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Rajasthan High Court presses state to enforce sealing order on illegal commercial activities in Jaipur's Walled City

Rajasthan High Court has directed the state government to submit a detailed compliance report by early July concerning 19 buildings in Jaipur's historic Walled City found operating commercial establishments illegally in residential zones. This development follows a petition by the building owners seeking relief. The court was informed that only some owners had been heard so far, with others yet to present their stance. The amicus curiae highlighted that a three-month extension for compliance was excessive, while a senior advocate stressed the urgency of swift enforcement, particularly after the Supreme Court dismissed the owners' Special Leave Petition. This legal proceeding reflects ongoing challenges in balancing heritage conservation with urban commercial activities.Read more

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Noida Authority intensifies crackdown on illegal constructions across five villages

In a decisive move against unauthorized constructions, the Noida Authority has identified approximately 20 illegal structures across the villages of Gadhi Chaukhandi, Barolla, Salarpur, Basai, and Bhangel. These buildings, erected without requisite approvals on notified lands, have been marked in red with 'illegal' signage and served official notices to caution current occupants and potential buyers. The authority has reclaimed nearly 10,000 square meters of land, valued at approximately INR 30 crore. Demolition drives have been executed in Barolla, Salarpur, and Hajipur villages, targeting under-construction houses and shops built unlawfully. This initiative aligns with Noida's broader strategy to expand its landbank, which includes significant allocations for industrial, institutional, residential, group housing, and commercial developments.Read more

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BMC issues show-cause notice to Mithun Chakraborty over unauthorized constructions in Malad

Bollywood veteran Mithun Chakraborty has been served a show-cause notice by the Brihanmumbai Municipal Corporation (BMC) concerning alleged unauthorized constructions at his Malad property near Erangal beach. The notice, issued under the Mumbai Municipal Corporation Act, 1888, cites two ground-floor structures with mezzanine levels and three temporary units constructed without proper permissions. Chakraborty has refuted these allegations, asserting that every part of his property is legally constructed. This incident is part of BMC's broader crackdown on illegal structures in the area, with over 100 identified for demolition.Read more

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Violent land dispute in Mumbai's Agripada leads to arrest of 41 security guards

A longstanding land ownership conflict in South Mumbai's Agripada area escalated earlier this week, leading to a violent standoff between security teams representing a real estate firm and a pharmaceutical company. The confrontation, marked by stone pelting, pepper spray, and gunfire, resulted in the arrest of 41 guards from the pharma firm's security agency. Police intervened swiftly, registering an FIR and placing the arrested individuals under custody. The incident reflects growing tensions surrounding high-value land in the city amidst ongoing legal disputes.Read more

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