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

Indore Development Authority proposes INR 1,650 crore budget for new residential projects

The Indore Development Authority (IDA) is set to propose an INR 1,650 crore budget for the upcoming financial year, with a focus on launching new residential schemes. The budget also includes provisions for urban infrastructure projects, including a convention centre near the Super Corridor and two Inter-State Bus Terminals (ISBTs) on Bhopal and Dhar roads. These developments are expected to boost real estate activity in Indore by providing better connectivity and modern facilities. If approved, the budget will play a crucial role in shaping the city's urban landscape and attracting further investments.

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Mumbai funnel zone projects to get TDR relief under new DCPR-2034 amendment

Maharashtra Deputy Chief Minister Shri Eknath Shinde announced a major policy change allowing owners and builders within the airport's funnel zone to receive equivalent Transfer of Development Rights (TDR) if height restrictions prevent full utilisation of the Floor Space Index (FSI). Concessions in premium charges for open space deficiencies and FSI exclusions for staircases and lifts have also been introduced. This move is expected to facilitate redevelopment in areas like Santacruz, Vile Parle, and Kurla. A provision in the Development Control and Promotion Regulations (DCPR-2034) has been approved to ease redevelopment constraints. The decision follows repeated appeals from local representatives who highlighted the financial non-viability of redevelopment due to height restrictions.

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Mumbai: BMC issues notices to Juhu housing societies for unauthorised footpath alterations

The Brihanmumbai Municipal Corporation (BMC) has issued notices to 20 housing societies in Juhu for modifying footpaths on Gulmohar Road and N S Road, impacting pedestrian movement. Following complaints from residents, officials found unauthorised carriageways constructed for vehicle entry and exit, creating safety hazards, particularly for senior citizens. Activists highlighted the growing issue of footpath encroachments, especially in redeveloped buildings. The BMC has directed societies to rectify these modifications as per its guidelines. Residents have urged stricter enforcement to prevent further encroachments and ensure safe pedestrian pathways.

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Supreme Court stays probe against Madhya Pradesh RERA chief until April 2

The Supreme Court stayed the investigation against the Madhya Pradesh Real Estate Regulatory Authority (RERA) chief until April 2, offering temporary relief amid legal proceedings. The case involves allegations against the official, which have sparked discussions about transparency and governance in real estate regulatory bodies. The stay order delays further inquiry, allowing time for legal arguments to be presented. Industry experts are closely watching the outcome, as the case could influence the functioning of RERA authorities across India, particularly regarding regulatory oversight and leadership accountability.

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Bombay HC upholds CIDCO's stop-work notice on Ulwe project amid land title dispute

The Bombay High Court dismissed a petition by Bhosale Homes challenging a 2016 stop-work notice issued by CIDCO for its Ulwe project in Navi Mumbai. The court ruled that a development agreement cannot override a disputed land title, affirming CIDCO's authority to halt construction. Bhosale Homes had claimed to be the land's lessee since 2008 and argued that a similar stop-work notice was overturned in 2018 for another project. However, CIDCO contended that the land was allocated to Sir Mohammed Yusuf Trust under the 12.5% scheme. The HC upheld CIDCO's decision, stating that land title disputes must be resolved in a civil court.

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Odisha allows fire safety certification for pre-2017 buildings without prior plan approval

The Odisha government has introduced a major policy change allowing buildings constructed before 2017 to obtain fire safety certificates without prior building plan approval. This amendment to the Odisha Fire Prevention and Fire Safety Rules, 2025, separates fire safety certification from building plan compliance, addressing challenges faced by older structures like hospitals, educational institutions, and hotels. Previously, the 2017 regulations mandated that buildings comply with the Orissa Development Authorities Act, 1982, for fire certification. The updated policy ensures that upon application, such buildings will be inspected and guided on fire safety measures, facilitating compliance and improving safety standards.

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Bengaluru: BBMP Amendment Bill 2025 aims to curb illegal land claims and ensure public access to roads

The Karnataka government has approved the Bruhat Bengaluru Mahanagara Palike (BBMP) Amendment Bill 2025 to recognize the private layout roads as public roads and address illegal constructions. Deputy Chief Minister D.K. Shivakumar highlighted issues where landowners claim ownership of roads despite selling plots, preventing government acquisition. The amendment ensures public access, prevents disputes, and grants BBMP authority to seal illegal buildings. It also shifts decision-making on levies from the Chief Commissioner to council meetings. The law will later extend to towns and panchayats.Read more

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Maharashtra to launch online tenant verification in Mumbai and Pune from April for 217 stations

The Maharashtra registration department will integrate tenant verification with the police network in Pune and Mumbai from the month of April, covering 217 police stations. This initiative, previously delayed due to software-updates, will eliminate the need for tenants to visit police stations. It will later expand statewide across 1,134 police stations. Property owners must submit tenant details, including names, addresses, photographs, and references. Nearly 90,000 tenancy agreements are registered monthly. Mumbai police recently filed FIRs against non-compliant landlords. Authorities emphasize security, accountability, and data-sharing efficiency, ensuring safer urban living while encouraging legal property documentation instead of informal agreements.Read more

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Andhra Pradesh accelerates land reforms, targets resolution of all issues by 3-month deadline

The Andhra Pradesh government has committed to resolving all the pending land-related issues within three months, announced Special Chief Secretary RP Sisodia at a state-level land administration conference. Joint collectors will directly oversee grievance redressal, ensuring transparency and accountability. Emphasizing digital governance and accurate data entry, Sisodia warned against negligence. Chief Commissioner G Jaya Lakshmi outlined streamlined processes for land allocation, while Additional CCLA Dr. N Prabhakara Reddy discussed resurvey efforts, encroachments, and digital land management. Four specialized teams will address key land challenges. The legal framework remains unchanged, and vacant land may be used for housing under existing policies.Read more

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YEIDA demolishes 25 illegal structures in Jewar to clear land for airport expansion

A demolition drive by YEIDA and district officials razed 25 illegal buildings in Ramner, Sabauta, and Kishorepur villages in Jewar tehsil. The structures were on land designated for the Noida airport's third and fourth phases. Despite prior warnings, landowners built new homes to secure higher compensation, as farmers are eligible for extra-funds if permanent structures exist on acquired land. The drive, supported by over 100 policemen and 11 earthmovers, lasted four hours without major protests. YEIDA plans further demolitions, targeting around 200 additional illegal buildings in the region.Read more

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