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 government forms panel to probe Ansal API over land misuse, project delays, and dues

The Uttar Pradesh government has formed a nine-member panel to investigate serious allegations against Ansal Properties and Infrastructure Ltd (Ansal API), including misuse of government land and incomplete township works. This follows UP RERA's INR 14.40 crore penalty and 619 recovery certificates worth INR 113 crore for violations. Ansal's Lucknow township project faces FIRs for selling mortgaged land and missing development commitments. The developer, now in insolvency, faces a INR 4,500 crore claim from LDA. NCLAT has allowed government bodies to join the proceedings, while the ED has reopened a financial probe. Authorities aim to protect homebuyers and bring transparency to real estate dealings.Read more

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Kolhapur civic body reclaims 11 shops near Keshavrao Bhosale Natyagruha for redevelopment

Earlier this week, the Kolhapur Municipal Corporation (KMC) reclaimed 11 commercial shops adjacent to the historic Keshavrao Bhosale Natyagruha. This action is part of a broader redevelopment initiative aimed at restoring the auditorium, which suffered fire damage in August 2024. Final notices were issued to 14 tenants under Section 81(B)(1) of the Maharashtra Municipal Corporation Act, resulting in 11 vacating voluntarily, while legal proceedings continue with the remaining three. The state government has sanctioned INR 25 crore for the restoration, with the third phase of tenders worth INR 11.77 crore recently released.Read more

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UP government bans construction within 200m of Ganga to protect river ecology

The Uttar Pradesh government has decided to ban new residential and commercial construction within 200 metres of the Ganga River to curb pollution and unregulated urban expansion. Draft building byelaws allow limited religious structures like ashrams and temples under strict conditions-35% ground coverage and a FAR of 1.5. Existing buildings can be repaired or renovated with ecological safeguards. Property owners must pledge proper waste and construction material disposal. The move aligns with UP's broader plan to promote industrial growth via revised FAR norms up to 4.5 for certain sectors, balancing ecological conservation with urban development across Ganga towns.Read more

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HC Judgements: Court orders Neelkamal Realtors to hand over 3,000 units to MMRDA under old Rental Housing Scheme

The Bombay High Court has ordered Neelkamal Realtors Suburban Pvt Ltd to complete and hand over eight buildings to MMRDA in Mahajanwadi under the defunct Rental Housing Scheme (RHS). The buildings-comprising around 3,000 residential and commercial units-were to be built on 25% of the plot using 1 FSI, in exchange for 3 FSI for free-sale buildings. While the developer built and sold 26 buildings, it failed to deliver the MMRDA units. The court rejected Neelkamal's plea to shift to a newer housing policy, reinforcing that public welfare obligations under RHS must be honoured despite scheme discontinuation.Read more

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Gurugram civic body launches major cleanup to tackle 600,000 MT of construction waste

In a decisive move to address Gurugram's mounting construction and demolition (C&D) waste, the Municipal Corporation of Gurugram (MCG) initiated a project earlier this week to clear approximately 600,000 metric tonnes of debris over the next three months. The plan involves hiring a private contractor responsible for transporting the waste to the Basai processing facility. The project, estimated at INR 9 crore, mandates the use of GPS-equipped vehicles and the establishment of a dedicated helpline for complaint resolution within 48 hours. Despite allocating INR 10 crore for C&D waste management in the previous fiscal year, only half was utilized. This year, the budget has been increased to INR 20 crore, reflecting a renewed commitment to effective waste management.Read more

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Navi Mumbai civic body intensifies crackdown on unauthorised structures in Belapur, Nerul and Vashi

Earlier this week, Navi Mumbai Municipal Corporation (NMMC) launched a large-scale demolition drive targeting unauthorised constructions in Belapur, Nerul and Vashi. The operation, conducted under the directives of Commissioner Dr Kailas Shinde and supervised by senior officials, included action against illegal structures despite prior notices. In Belapur, illegal constructions on plots in Sector 15 were removed, while in Nerul's Sector 28, 28 unauthorised huts on CIDCO land were demolished. Additionally, in Vashi's Sector 31A and nearby areas, a total of 110 unauthorised huts were cleared. These operations involved local police, municipal staff, and machinery including JCBs.Read more

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Ghaziabad: GDA to launch online slot system to ease property registration for buyers

The Ghaziabad Development Authority (GDA) will soon implement a slot-based system for property-registration to streamline the process and reduce buyer inconvenience. Currently, buyers face delays and multiple visits, affecting both user experience and GDA revenue. Under the new system, buyers will apply online for a date and time slot after preparing documents as per a checklist, then visit the GDA office at the allotted time. GDA processes over 80 registries monthly and earned INR 312 crore in 2024-25 from property sales, its biggest revenue source. The upgraded property management portal will support the new system, launching in a few months.Read more

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Telangaga GRERA cautions buyers over fraud by Krithika Infra in Silver Oak project

The Telangana Real Estate Regulatory Authority (TGRERA) has issued a stern warning to the public regarding Krithika Infra Developers Pvt. Ltd. and Krithika Infra Developers. The developers are accused of selling plots in the unregistered 'Sheshadri's Silver Oak' project located in Boduppal, Medchal-Malkajgiri district. Despite collecting full or partial payments from buyers, the company failed to execute or register sale deeds. Additionally, they did not obtain necessary approvals from the Hyderabad Metropolitan Development Authority (HMDA) or the Greater Hyderabad Municipal Corporation (GHMC). TGRERA has imposed a penalty of INR 9.96 lakh on the firm for these violations. The public is advised to avoid any dealings with these entities and report any grievances to the authorities.Read more

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Supreme Court upholds homebuyers' right to protest peacefully at builder sites under Article 19

In a landmark ruling on April 18, 2025, the Supreme Court of India upheld the right of homebuyers to hold peaceful protests against builders over project delays and grievances. The court stated that such demonstrations are protected under Article 19(1)(a) of the Constitution, even if held near private property like builders' offices or sites, provided they remain non-violent and do not disrupt public order. The verdict offers critical legal backing to buyers protesting stalled housing projects, such as Mahira Homes and Hero Homes in Gurugram. It is seen as a major boost for consumer rights and accountability in India's real estate sector.Read more

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India to mandate recycling of C&D waste under new EPR framework from April 2026

From April 1, 2026, India will implement an Extended Producer Responsibility (EPR) framework mandating construction firms to recycle 50% of their demolition waste, rising to 100% in later years. Applicable to projects over 20,000 sq m, the rules require registration and submission of waste management plans on a CPCB portal. Non-compliance will attract environmental penalties. Developers must also begin using recycled materials-5% by 2026-27, rising to 25% by 2030-31. The move targets the country's massive 150-500 million tonnes of annual C&D waste, aiming to standardize practices, reduce pollution, and promote circular economy principles in the construction sector.Read more

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