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

Ghaziabad Development Authority invites firms to present detailed project report for Harnandipuram township

PNT Reporter

The Ghaziabad Development Authority (GDA) has invited private firms to present their plans for creating a detailed project report (DPR) for the Harnandipuram township. Three companies have already made their presentations, with financial bids expected to follow. The DPR will focus on essential infrastructure, including road connectivity, drainage, and water systems, while ensuring the township is designed to address pollution. Additionally, new technologies like AI will be incorporated to promote water and energy conservation. The project will span 521 hectares and is estimated to cost INR 10,000 crore, with partial funding from the state government.Read more

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Gurugram: Over 100 Illegal structures demolished in Behrampur

PNT Reporter

The GMDA's DTP (Enforcement) team, led by RS Batth, conducted a large-scale demolition operation in Behrampur, Gurugram, targeting illegal constructions across 70 acres. With 50 police personnel and three earthmovers, the team demolished around 100 structures, including 25 boundary walls, 10 under-construction buildings, a 1.5 km road, and illegal borewells-all built without legal approvals. Investigations revealed property dealers, mainly from Maruti Kunj and Delhi, sold plots at INR 15,000-25,000 per square yard through general power of attorney agreements, bypassing legal clearances.Read more

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Delhi LG focuses on boosting security and civic infrastructure in Narela sub-city

PNT Reporter

Delhi Lieutenant Governor (LG) VK Saxena conducted a comprehensive review of security and civic infrastructure in Narela sub-city, aiming to prevent crime and improve amenities. Measures include deploying 500 ex-servicemen for round-the-clock security, increasing police visibility, establishing beats in vacant flats, and launching a drive to identify repeat offenders. Authorities were directed to install protective infrastructure, such as barbed wire fences, high-mounted CCTV cameras, and streetlights. Additionally, the Delhi Development Authority (DDA) and Municipal Corporation of Delhi (MCD) were tasked with repairing roads and ensuring effective waste management to enhance the area's liveability.Read more

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Bombay High Court grants tenants right to redevelop Kalbadevi building after landlord delay

PNT Reporter

The Bombay High Court ruled in favor of 38 tenants of the 80-year-old Kalyan Bhavan in Kalbadevi, granting them the right to redevelop the dilapidated cessed building after landlords failed to act within the six-month statutory period. Justices Ajay Gadkari and Kamal Khata set aside MHADA's earlier orders favoring the landlords and directed MHADA to issue a Letter of Intent (LoI) to the tenants. Despite landlords' claims of ongoing discussions, the court upheld tenants' rights under DCPR 2034 and the MHADA Act. This ruling reinforces tenant empowerment in redevelopment cases involving Mumbai's aging buildings.Read more

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Goa: Enforcement Directorate seizes properties in Anjuna and Assagao linked to alleged land grab case

PNT Reporter

The Enforcement Directorate (ED) has taken possession of 19 properties in Goa, situated in Anjuna and Assagao, in connection with an alleged land grab case under the Prevention of Money-Laundering Act (PMLA). The seizure followed a provisional attachment confirmed by the adjudicating authority, barring all related transactions or transfers. The ED directed occupants to vacate the premises within ten days and deposit any lease or rent proceeds with the agency. These actions aim to maintain the integrity of the properties for further legal proceedings.Read more

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Haryana RERA directs NBCC to compensate Green View Society allottees

PNT Reporter

The Haryana Real Estate Regulatory Authority (HRERA) has instructed the National Buildings Construction Corporation (NBCC) to pay monthly compensation of INR 30,000 to the Green View Society allottees in Sector 37D. This decision follows complaints from residents after structural audits deemed the society unsafe for habitation, leading to an evacuation in early 2022. Legal disputes and unresolved compensation claims, particularly from Economically Weaker Section (EWS) flat owners, have delayed demolition efforts. NBCC has sought urgent approval for demolition, citing safety concerns, while residents continue to demand clarity and settlement of their claims.Read more

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MahaRERA cracks down on 10,773 lapsed projects, issues show cause notices

PNT Reporter

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued show cause notices to 10,773 lapsed housing projects since their registration began in May 2017. Developers must submit an Occupancy Certificate (OC)with Form 4 or request a deadline extension with proper documentation within 30 days to avoid penalties. Failure to comply may lead to project registration suspension, restricted flat sales, and frozen bank accounts. The Mumbai Metropolitan Region recorded the most lapsed projects (5,231), followed by Pune (3,406) and others across Maharashtra.These stringent measures aim to safeguard homebuyers' investments, enforce transparency, and ensure accountability in Maharashtra's real estate sector.Read more

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Uttar Pradesh: Farmers' unrest over land acquisition prompts government to form new review committee

PNT Reporter

The Uttar Pradesh government has directed Noida, Greater Noida, and Yamuna authorities to identify farmers eligible for enhanced compensation for lands acquired since 1997. Camps will address concerns over compensation and leaseback cases, with emphasis on prompt disbursal. A previous committee, led by Revenue Board Chairman Rajneesh Dube, suggested financial compensation over residential land due to legal challenges, sparking widespread protests from farmers. Around 5,000 farmers have demonstrated, with multiple arrests made. To ease tensions, the government formed a new committee on December 3, led by Anil Kumar Sagar, to review earlier recommendations. Farmer groups demand fair compensation and peaceful dialogue to resolve grievances.Read more

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Madras High Court stays eviction of Chinna Udaippu residents for Madurai Airport expansion

PNT Reporter

The Madras High Court has stayed the eviction of 130 Chinna Udaippu villagers in Madurai district, halting proceedings linked to Madurai Airport expansion. Justices M.S. Ramesh and A.D. Maria Clete directed the state to respond to a petition citing inadequate compensation and lack of rehabilitation under land acquisition laws. The petitioners argue that 350 families face eviction without proper resettlement plans, violating the Right to Fair Compensation and Transparency in Land Acquisition Act. The case underscores the tension between infrastructure growth and fair rehabilitation, with further hearings scheduled later this month.Read more

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Allahabad High Court issues show-cause notice to Greater Noida CEO over delayed abadi plots

PNT Reporter

The Allahabad High Court has issued a show-cause notice to the CEO of the Greater Noida Authority for failing to implement a 6% developed land allotment policy for farmers whose lands were acquired for projects. Justices Manoj Kumar Gupta and Anish Kumar Gupta questioned the non-compliance with a prior court order, leading to repeated petitions. The 2008 policy remains largely unimplemented, sparking ongoing farmer protests demanding 10% abadi plots. Despite promises of land surveys, delays persist. A new government committee will review the issue, with the court's next hearing expected to determine the future of land allotments.Read more

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