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

Rajasthan Housing: RHB urges JDA to reconsider road project that threatens Pratap Nagar homes

The Rajasthan Housing Board (RHB) has formally requested the Jaipur Development Authority (JDA) to reassess its plan to construct a 100-foot-wide road linking sectors 63 and 64 of Pratap Nagar to Tonk Road. Approximately 60 homes' worth of residents objected to the demolition of their homes, which they had initially bought from the RHB. Locals argue that their 2018 Master Plan contained no provision for this road, and they accuse JDA of altering it to accommodate the project. Concerns among affected homeowners increased in the weeks following the designation of buildings for demolition.Read more

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RERA News: Telangana RERA fines builder for failing to deliver promised amenities

The Telangana Real Estate Regulatory Authority (TGRERA) has ruled against a builder following multiple complaints from Rach Naveen Kumar and other flat owners of Padmasreekar Icon in Gajularamaram, Medchal-Malkajgiri. The authority directed the builder to pay a penalty of INR 4.5 lakh and rectify construction defects. Homebuyers alleged that the builder misrepresented amenities such as a play area, gym, and multipurpose hall while also failing to provide essential services like Manjeera water connection, despite collecting INR 3 lakh per flat. The builder refuted the claims, asserting that buyers were aware of the terms. After evaluating the evidence, TGRERA ordered the builder to address all issues within 60 days.Read more

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HC Judgement: Bombay HC clears MHADA's plan for Motilal Nagar redevelopment

The Bombay High Court has granted the Maharashtra Housing and Area Development Authority (MHADA) approval to redevelop Motilal Nagar in Goregaon, spanning 143 acres, through a construction and development agency (C&DA). This decision follows years of legal disputes and resident opposition. The court emphasized that individual cooperative housing societies focusing solely on their interests could lead to fragmented development, hindering systematic urban planning and infrastructure upgrades. The state government has designated the project as "special," maintaining MHADA's oversight while authorizing the engagement of a C&DA due to economic feasibility. This ruling paves the way for large-scale redevelopment, addressing long-standing issues like waterlogging and infrastructure deficiencies.Read more

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Delhi government clarifies police permission not needed for construction

The Delhi government has clarified that police permission is not required for construction activities, addressing a misconception among the public and construction community. Urban Development Additional Chief Secretary Navin Kumar Choudhary issued a circular confirming that construction is regulated by the Municipal Corporation of Delhi (MCD) under the Delhi Municipal Corporation Act, 1957, and not the police. The statement follows a review meeting led by Union Home Minister Amit Shah, reinforcing the need for better communication on urban regulations. The move aims to reduce bureaucratic hurdles, simplify urban planning, and boost ease of doing business in Delhi.Read more

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HC Judgement: Court direct Bhopal Collector to enforce INR 3.26 lakh RERA order in 10 days or appear in court

The Madhya Pradesh High Court has ordered the Bhopal Collector to enforce a 2020 RERA directive within ten days or appear in court on March 12. The order follows a contempt petition filed by Arvind Verma, as the Collector failed to recover INR 23.26 lakh from a defaulting builder despite repeated court instructions. This case highlights RERA enforcement challenges across India, where builders delay payments and authorities fail to act. The central government is reviewing RERA regulations to strengthen compliance. The case underscores the need for stricter enforcement to protect homebuyers and uphold regulatory credibility.Read more

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Affordable Housing in Pune: Residents' concerns addressed as PMRDA mandates repairs in PMAY housing

A CoEPTU report has confirmed that all 4,883 PMAY flats in Sector 12, Pimpri Chinchwad are structurally stable, but leakage issues, especially in toilets, require urgent repairs. The Pune Metropolitan Region Development Authority (PMRDA) has directed the developer to complete repairs within a month. Following resident protests, PMRDA conducted an inspection, revealing 85% of repairs are completed. Similar quality concerns have arisen in other PMAY projects across India, highlighting the need for better construction oversight. The Pimpri Chinchwad case underscores the importance of monitoring and enforcing quality standards in affordable housing projects nationwide.Read more

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Odisha Real Estate: Apartment sale deeds in Bhubaneswar set to restart after two-year delay

Bhubaneswar will resume apartment sale deed registrations from April, ending a two-year delay caused by litigation and RERA rule confusion. The government has issued a notification exempting pre-RERA buildings, simplifying resale. This addresses the challenge of older apartments lacking occupancy certificates (OCs), mirroring issues in cities like Mumbai. The Orissa High Court's 2022 order and the 2023 Apartment Act had slowed registrations, requiring OCs, which many older buildings lacked. Similar to Mumbai's OC challenges, Bhubaneswar aims to regularize older buildings. The government's efforts seek to boost market transparency and provide a potential model for other cities facing similar real estate registration issues.Read more

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World Trade Centers Association terminates 13 WTC licenses in India over contract violations

The World Trade Centers Association (WTCA) has terminated 13 licenses held by WTC Noida Development Pvt. Ltd and Spire Techpark Ltd due to contract violations and failure to meet operational standards. The termination, effective February 19, 2025, impacts WTC projects in Noida, Ahmedabad, Chandigarh, Lucknow, GIFT City, and others. WTCA, a non-profit licensing body, cited severe brand damage as the key reason. Similar developer disputes have occurred in Mumbai, China, and South America, raising concerns about real estate accountability. The fallout from this decision highlights growing scrutiny of global property affiliations in India.Read more

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Gurgaon News: GMDA cracks down on unauthorized construction, inspects 130 sites for Change of Land Use violations

The Gurgaon Metropolitan Development Authority (GMDA) has launched a crackdown on unauthorized construction, forming three inspection teams to assess sites where Change of Land Use (CLU) permissions were rejected, returned, or canceled. With 130 sites in 42 villages under scrutiny, violators will face strict enforcement actions. Similar issues have arisen in Noida and Mumbai, where authorities have sealed buildings and fined developers for bypassing zoning laws. GMDA's proactive stance aims to curb illegal construction, enforce urban planning regulations, and maintain zoning integrity, setting an example for other growing cities to ensure legal and sustainable development.Read more

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RERA News: Homebuyers lose compensation claim as MahaRERA stresses timely action

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has denied relief to two homebuyers of Ekta Tripolis, Goregaon, who sought interest and compensation for delayed possession. Despite possession being promised by December 31, 2020, the buyers did not take possession until 2023, after the Occupancy Certificate (OC) was issued. MahaRERA ruled that under Section 18 of RERA, claims are only valid if possession was not offered, stressing the importance of timely legal action. Similar cases in Delhi, Bengaluru, and Pune reinforce the need for buyers to act swiftly to secure their rights under RERA.Read more

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