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's 'One State, One Registration' scheme delayed, reveals revenue department

The Maharashtra Revenue Department has revealed a delay in the implementation of the 'One State, One Registration' scheme, which was expected to simplify property registration across the state. Initially scheduled to begin by the end of April, the scheme aims to allow residents to register properties at any sub-registrar office. However, the launch has been postponed due to unforeseen technical challenges. Officials are working to resolve these issues, but a new timeline for the rollout has not been confirmed.Read more

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Gujarat relaxes liquor rules in GIFT City to boost investment appeal

The Gujarat government has introduced a relaxation in the liquor consumption rules within GIFT City in Gandhinagar, aiming to attract more businesses and professionals to the region. The new regulations allow employees to apply for temporary or group liquor permits without requiring endorsement from their employers. This move, which builds on the 2023 policy that permitted alcohol consumption in designated areas of GIFT City, is expected to enhance the city's business-friendly environment. Industry leaders have welcomed this development, viewing it as a strategic step to foster growth and investment.Read more

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Navi Mumbai: NMMC takes strong action against unauthorized construction in Airoli

The Navi Mumbai Municipal Corporation (NMMC) has acted decisively to stop illegal construction in the Airoli division. Despite receiving notices from the NMMC's Anti-Encroachment Department, the concerned party failed to comply. As per the instructions of Municipal Commissioner Dr. Kailas Shinde and additional Commissioner Dr. Rahul Gethe, the illegal construction was partially demolished on 25th April 2025. A fine of INR 25,000 was imposed. The operation saw the involvement of NMMC officials and anti-encroachment police personnel, with the use of gas cutters and hammer tools.Read more

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MahaRERA streamlines the hearing of complaints based on seniority with new guidelines

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued fresh directives, replacing its earlier guidelines, for handling complaints under Section 31 of the RERA Act. Complaints will now be heard strictly based on their date of filing, except in exceptional cases like serious illness, court directives, settlements, or withdrawal of complaints. The updated framework aims to promote fairness, ensure quicker redressal, and reinforce transparency in dispute resolution within the real estate sector. The new circular has come into immediate effect, superseding the earlier one issued in 2021.Read more

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MahaRERA to launch revamped Project Application Portal for housing projects on May 5

The Maharashtra Real Estate Regulatory Authority (MahaRERA) is set to launch its updated Project Application Portal from May 5, aimed at registering housing projects, as well as handling extensions and corrections. Existing developers who have already applied for registrations or sought updates through the old portal need not reapply, as their requests will be processed through the current system. MahaRERA emphasizes the importance of keeping developer profiles up to date, as accurate information will simplify obtaining permissions. The new system will affect only developers and promoters, while homebuyers and agents will see no changes.Read more

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Maharashtra appoints 12 officers to expedite INR 912 crore MahaRERA recovery for buyers

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has appointed 12 officers under district collectors in six important districts in an effort to expedite the recovery of INR 912 crore owed to homebuyers. This initiative aims to expedite the compensation process for buyers who have faced delays in project completions. The officers will utilize provisions of the Maharashtra Land Revenue Code, 1966, to enforce recovery actions against errant builders. This development underscores the state's commitment to safeguarding the interests of homebuyers and ensuring accountability within the real estate sector.Read more

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Andhra Pradesh government moves to revive 870 real estate layouts across 8,500 acres

The Andhra Pradesh government has decided to revive around 870 stalled real estate layouts, which were previously held up due to non-payment of development charges. The move aims to assist promoters who had proposed developments on over 8,500 acres of land. By waiving the development charges, the government hopes to accelerate the growth of the real estate sector in the state. However, the full implementation of the scheme is expected to take several months due to technical challenges associated with the process.Read more

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Goa RERA orders builder to refund INR 16.9 lakh for corpus fund misuse

The Goa RERA has ordered Raj Housing Development Pvt Ltd to refund INR 16.9 lakh to the Raj Aguiar Enclave Co-operative Housing Society for misusing the society's corpus fund without consent. The corpus, meant for repairs and maintenance, was improperly utilized, prompting RERA to demand a refund with 11.1% annual interest until repayment. The builder has two months to comply. However, RERA dismissed the society's claims about structural defects and incomplete amenities due to lack of evidence. The case highlights the vital role of regulatory oversight in protecting homebuyers' interests and stresses the need for housing societies to maintain strong documentation in disputes.Read more

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Jaipur Development Authority rolls out fast-track e-lease system to boost transparency

The Jaipur Development Authority (JDA) has initiated a new e-lease system designed to issue digital land leases within 30 days of application. The process involves a 23-step digital workflow with strict timelines for each stage, compelling officials to act promptly. Applicants must apply through the JDA portal using an SSO ID, upload property documents online, and visit citizen service centres for verification. This move is part of JDA's larger push to digitize its services and improve transparency, following earlier efforts like the online auto-calculation of lease fees in Prithviraj Nagar.Read more

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Gurugram: DTCP razes illegal structures across 32 acres near Sultanpur Park

The Department of Town and Country Planning (DTCP) in Gurugram conducted a significant demolition campaign earlier this week in the vicinity of Sultanpur Park, a Ramsar site. The operation targeted three unauthorized colonies across approximately 32 acres in the Farrukhnagar area. These colonies, developed without required approvals, violated urban planning laws. The demolition effort led to the removal of under-construction buildings, damp proof courses, boundary walls, and an industrial unit. The DTCP team stressed that such actions would continue to uphold legal standards and ensure planned development in Gurugram.Read more

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