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

NIT seeks NMC takeover of 185 developed Gunthewari layouts in Nagpur

In a push to improve civic services, the Nagpur Improvement Trust (NIT) has proposed the transfer of 185 developed Gunthewari layouts to the Nagpur Municipal Corporation (NMC) for maintenance. Despite two reminders, NIT is awaiting a formal response from NMC. Residents in these areas face issues like poor road upkeep and garbage collection due to the delayed handover. Under the Gunthewari Act, NIT developed basic infrastructure in these layouts, but long-term maintenance falls under NMC's responsibility. With 406 more layouts nearing completion, the transfer marks a move toward streamlined urban governance and improved service delivery through unified municipal oversight.Read more

cover photo

Kalyan-Dombivli civic body demolishes 167 illegal constructions in Baneli area

The Kalyan-Dombivli Municipal Corporation (KDMC) recently demolished 167 illegal structures in Titwala's Baneli area, including plinths for unauthorized rooms and three completed illegal constructions. Despite resistance from locals, the operation proceeded under tight security. This action is part of KDMC's intensified crackdown on unauthorized development, driven by safety concerns and legal violations. The move follows revelations of a RERA-related scam involving 65 builders who sold flats using forged approvals. In response, KDMC has escalated its demolition drives to prevent illegal construction from taking root, aiming to uphold urban planning norms and protect unsuspecting homebuyers from fraud.Read more

cover photo

ED raids Ansal Properties offices over alleged INR 600 crore fund misappropriation

The Enforcement Directorate has launched a sweeping investigation into Ansal Properties and Infrastructure Ltd, raiding multiple offices across Delhi-NCR and Lucknow earlier this week in connection with the alleged misappropriation of over INR 600 crore from homebuyers. This follows earlier findings by UP RERA highlighting financial violations by the developer. Promoters Pranav and Sushil Ansal are under scrutiny for serious offences, including fraud and misuse of funds. The firm, now declared insolvent, is under CIRP. UP RERA had previously penalised the company and barred it from selling properties due to regulatory violations.Read more

cover photo

Bhubaneswar: BMC launches drive to raise awareness on Completion and Occupancy Certificates

In response to rising homebuyer complaints, the Bhubaneswar Municipal Corporation (BMC) has launched an awareness campaign highlighting the importance of Completion Certificates (CCs) and Occupancy Certificates (OCs) in housing projects. These documents are essential for accessing basic services like water, electricity, and sewerage. BMC officials noted that many developers hand over properties without securing the required approvals, leaving residents without essential amenities. The campaign aims to educate buyers on the legal and safety implications of missing certifications. This initiative aligns with RERA's intent to enforce accountability in real estate, reinforcing BMC's push for better compliance and buyer protection.Read more

cover photo

Kanpur steps up anti-encroachment drive to tackle flooding and congestion

The Kanpur Municipal Corporation (KMC) has launched a major anti-encroachment drive to combat urban congestion and waterlogging ahead of the monsoon. Over 500 illegal structures-ranging from tin sheds to permanent buildings-were removed across all six city zones, particularly those obstructing drains and stormwater routes. Notable clearances occurred in Zones 1 and 3, where extensive encroachments along key drainage paths were dismantled. The campaign also involved desilting efforts and removal of unauthorized shops, hoardings, and obstructions. With local resistance in some areas, authorities enforced the action with police support. This drive supports state directives aimed at improving drainage and public space access.Read more

cover photo

Pune enables district-wide property registration under 'One State, One Registration'

Effective from May 1, 2025, Pune residents can register property documents at any sub-registrar office within the district, regardless of the property's location. This intra-district flexibility is part of Maharashtra's 'One State, One Registration' initiative, which aims to ease congestion, reduce delays, and enhance public convenience. The reform, led by the Department of Registration and Stamps, supports the broader digitization of property services in the state. The government also plans to enable inter-district registration soon, pending technical integration. The initiative marks a key step in modernizing property transactions and improving citizen access across both urban and rural areas.Read more

cover photo

Haryana DTCP cancels Sohna affordable flats e-draw amid technical discrepancies

The Department of Town and Country Planning (DTCP), Haryana, has cancelled the January 27 e-draw for 708 affordable flats in Sohna's Aster Avenue-36 project due to a software glitch that processed only 2,200 of 52,000 applications-resulting in all units going to Sohna residents. The draw, linked to 4S Developers under license no. 235 of 2023, faced allegations of regional bias and technical faults. A four-member probe panel has been formed, and a fresh draw will be conducted for all 51,586 eligible applicants. The incident has triggered demands for stricter monitoring and transparency in the state's affordable housing allocation process.Read more

cover photo

Delhi HC seeks answers as L&DO stalls freehold property conversions

The Land and Development Office (L&DO) under the Ministry of Housing and Urban Affairs has suspended the conversion of leasehold properties to freehold in Delhi for over two years, affecting thousands of property owners in prime areas such as Lutyens', South, and Central Delhi. While 34,905 out of 60,526 leased properties have been converted, the process has stalled amid delays in finalizing a revised standard operating procedure (SOP) and updated rates. Property owners have raised concerns over corruption and prolonged uncertainty. The Delhi High Court has intervened, pressing for accountability, and sources indicate the new SOP and rates may be issued within three months to streamline and revive the conversion process.Read more

cover photo

Maharashtra offers toll-free expressway travel for EVs under new mobility policy

In a push to accelerate electric vehicle (EV) adoption, the Maharashtra government has announced toll-free travel for EVs on major expressways like the Mumbai-Pune Expressway, Atal Setu, and Samruddhi Mahamarg. The new electric mobility policy includes converting all government vehicles to EVs within five years and supporting battery production and public charging networks. Charging stations will be mandated every 25 km on highways, and petrol pumps will be encouraged to install EV chargers. The policy aims to cut greenhouse gas emissions by one million tonnes by 2030, with added incentives like tax exemptions, low-interest loans, and viability gap funding for infrastructure projects.Read more

cover photo

Telangana RERA fines builder for unregistered project promotion in Hyderabad

The Telangana Real Estate Regulatory Authority (TGRERA) has fined Sanali Housing Projects Pvt Ltd INR 4.2 lakh for promoting its 'Sanali Pinnacle' project in Shaikpet, Hyderabad, without mandatory RERA registration or GHMC approvals. The developer violated Sections 3 and 4 of the RERA Act by advertising a project comprising two cellars and 17 floors through hoardings and online platforms. TGRERA rejected the developer's defense that the promotion lacked specifics, citing that any public communication qualifies as advertisement under Section 2(b). The case reinforces the need for strict compliance with RERA rules to protect homebuyers and ensure transparency in the real estate sector.Read more

cover photo