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

UP clears way for registrations at stalled projects in Noida and Greater Noida

Uttar Pradesh Chief Secretary Manoj Kumar Singh recently handed over property registration documents to residents of Migsun Green Mansion in Greater Noida, ending years of delay caused by regulatory hurdles. Registrations had stalled due to the developer exceeding the approved FAR, with UPSIDC withholding occupancy certificates. A policy introduced in December 2023 allowed developers to pay 25% of dues upfront and clear the rest in installments to resume registrations. This move has enabled thousands of registrations across stalled projects, including over 3,600 flats in Noida. The initiative has brought relief to homebuyers and aims to rebuild trust in the real estate sector.Read more

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Noida Authority begins the process of returning residential plots to 2,200 farmers

The Noida Authority has begun returning 31 hectares of residential plots to farmers in Begumpur, Sector 145, ending a two-decade land dispute. Originally acquired in 2007, the land faced prolonged legal battles, culminating in a Supreme Court ruling in 2022 upholding the acquisition with updated compensation terms. Officials confirmed that legal clarity has now been achieved, and demarcation activities were carried out under heavy security. Around 2,200 farmers are expected to benefit. The move is seen as a major step towards resolving long-standing acquisition issues and restoring trust among affected communities while supporting Noida's continued urban development initiatives.Read more

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Ahmedabad civic body set to geotag 24.46 lakh properties

The Ahmedabad Municipal Corporation (AMC) has launched an INR 250 crore GIS project to geotag 24.46 lakh properties, fulfilling a key requirement for an INR 3,000 crore World Bank loan aimed at infrastructure upgrades. AMC called for both national and international proposals to design and manage a GIS-integrated MIS system. Despite prior fragmented efforts, AMC lacks an integrated GIS platform. Officials asserted that obsolete and scattered data necessitated the new initiative. Once completed, the GIS system will streamline access to information on roads, utilities, and properties, ensuring better planning and execution of projects like drainage, water supply, and sewage treatment facilities.Read more

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Chandigarh authorities issue eviction notice to Janta Colony residents ahead of demolition

The Chandigarh administration has issued eviction notices to residents of Janta Colony, Sector 25, ordering them to vacate within a week or face forced removal. This move follows the recent demolition of Sanjay Colony in Industrial Area Phase-1, where over 1,200 hutments were cleared, displacing around 6,000 people and reclaiming 6 acres of land valued at INR 250 crore. Authorities maintain that due process was followed and the land was illegally occupied. As part of the city's push for a slum-free environment, officials are urged to ensure proper rehabilitation and resettlement for affected residents to reduce the social impact.Read more

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Telangana HC raises alarm over illegal constructions in GO 111 zone

The Telangana High Court has raised serious concerns over unauthorized concrete constructions in Hyderabad's GO 111 zone, a protected 10-km radius around Osman Sagar and Himayat Sagar reservoirs. The court issued notices to state authorities and the Pollution Control Board, questioning their inaction as large convention centres-each hosting up to 5,000 people-have emerged in the bio-conservation zone. Petitioner Mandadi Madhava Reddy argued these developments violate environmental norms, leading to pollution, traffic congestion, and loss of green cover. The court has demanded responses within four weeks, stressing the need to enforce regulations to protect the city's vital water bodies and ecological balance.Read more

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UP RERA fires 12 staff over integrity issues, tightens anti-corruption measures

In a strong push for transparency, UP RERA has dismissed 12 employees across departments over integrity-related violations, following the arrest of an accountant caught accepting a bribe. Those terminated include engineers, legal staff, computer operators, and support personnel. Chairman Sanjay Bhoosreddy affirmed the authority’s zero-tolerance policy on corruption, mandating integrity affidavits from all employees and enhancing office surveillance via CCTV. A case has also been referred to the Bar Council under the Advocates Act. These actions reinforce UP RERA’s commitment to ethical governance, aiming to boost public trust and set a precedent for accountability in India’s growing real estate sector.Read more

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Supreme Court launches probe into housing loan fraud by NCR developers

The Supreme Court has directed the CBI to investigate Supertech Limited and other NCR-based developers over suspected collusion with banks that has left thousands of homebuyers burdened with EMIs for undelivered projects. Highlighting a "prima facie unholy nexus," the court noted that developers secured massive loans under subvention schemes, where builders were to pay EMIs until possession—but defaulted, passing the burden to buyers. Supertech alone borrowed over INR 5,157 crore. The court ordered seven preliminary enquiries, forming an SIT with support from state DGPs, RBI, ICAI, and urban authorities. This landmark move may lead to stricter oversight and accountability in India’s real estate financing.Read more

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DDA reclaims 24 acres from Yamuna floodplain, removes 4,400+ illegal structures

The Delhi Development Authority (DDA) informed the National Green Tribunal that it has reclaimed 24 acres of encroached Yamuna floodplain land, part of ongoing efforts to clear over 7,362 hectares of illegal occupation in Zone O of the Delhi Master Plan 2021. In coordination with Delhi Police, the DDA has demolished over 4,400 jhuggis, 25 religious structures, six dairies, and three cricket grounds. However, legal stay orders, such as those affecting Majnu ka Tilla, continue to hinder progress. To prevent future encroachments, 93 CCTV cameras have been installed, and ecological restoration projects are underway to revive the floodplain environmental function.Read more

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Bihar rolls out MIS portal to boost transparency in land acquisition projects

The Bihar government has launched a new Management Information System (MIS) portal aimed at increasing transparency and efficiency in land acquisition processes across the state. The portal offers real-time access to comprehensive information on various land acquisition projects and is expected to enhance coordination among stakeholders while reducing bureaucratic delays. This digital initiative is part of the state’s broader e-governance and land reforms programme, which has been actively working toward digitising land records and improving public access to official data in recent years.Read more

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MHADA to digitize 15 crore records, reduce RTIs and boost transparency

MHADA has announced a major digitization drive to make 15 crore documents—including property records, building plans, and allotment details—publicly accessible through a new online portal. The initiative aims to reduce the need for Right to Information (RTI) applications by providing citizens direct access to housing-related data. MHADA Vice President Sanjeev Jaiswal said the move will streamline operations, enhance transparency, and ease administrative burdens. The user-friendly portal will allow individuals to search and retrieve documents without formal requests. This effort is part of MHADA’s broader strategy to improve public service delivery and foster greater citizen trust through proactive digital governance.Read more

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