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

Bhubaneswar: BMC halts Patia apartment project over unauthorised land use

PNT Reporter

The Bhubaneswar Municipal Corporation (BMC) has stopped construction on a Patia apartment project after allegations of unauthorized land-use changes. The plot, initially leased for industrial purposes, was reclassified to sthitiban without proper authorization, enabling the developer to begin constructing a 33-story tower, a 29-story tower, and a clubhouse. Following a directive from the General Administration and Public Grievances department, the BMC flagged violations of the lease agreement and land classification. With ownership and legal status now in dispute, construction is suspended until a final ruling is issued. This case underscores the critical need for regulatory compliance in urban development.Read more

cover photo

Bengaluru: RWAs and NGOs join hands to tackle unauthorized constructions and advocate reforms

PNT Reporter

The Bengaluru Coalition, a newly formed citizens' group, aims to address violations of building regulations and promote planned urban development in the city. Comprising resident welfare associations (RWAs), NGOs, and the Bangalore Apartments Federation (BAF), the coalition seeks to tackle issues like unauthorized constructions and improve enforcement of civic laws. Motivated by ongoing challenges and a recent building collapse in Babusapalya, it collaborates with the Karnataka High Court's ongoing efforts to curb violations. With support from over 50 RWAs and BAF, the coalition advocates systemic reforms, educates citizens on legal recourse, and pushes for accountability to ensure sustainable urban planning.Read more

cover photo

Delhi: MCD imposes INR 95 lakh fines for illegal C&D waste dumping in October 2024

PNT Reporter

The Municipal Corporation of Delhi (MCD) fined violators INR 95.35 lakh in October for illegal dumping of construction and demolition (C&D) waste, part of efforts to combat Delhi's worsening air pollution. In a report to the National Green Tribunal, the MCD highlighted measures like deploying 372 surveillance teams, designating 106 waste disposal sites, and processing 5,000 tonnes of C&D waste daily. Initiatives include 20 anti-smog guns, 195 water sprinklers, and 52 mechanical sweepers. Public involvement via the 311 app has led to over 728,000 resolved complaints. These actions aim to improve air quality and enhance Delhi's urban environment.Read more

cover photo

Allahabad HC overturns Noida Authority's rejection of building plan

PNT Reporter

The Lucknow bench of the Allahabad High Court overturned the Noida Authority's rejection of a building plan application by two landowners, Kapil Misra and another villager, for a Sector 45 plot acquired through a 2011 exchange deed. The Authority cited non-compliance with 2010 Building Regulations requiring a lease deed, undeveloped land status, and concerns over revenue. However, the court deemed the rejection "illegal," affirming the deed of exchange as a valid transfer under property laws and Article 300A. The ruling mandates a fresh hearing, reinforcing property rights, equitable regulatory interpretation, and the judiciary's role in safeguarding individuals against administrative overreach.Read more

cover photo

Odisha: ORERA publishes list of defaulters owing over INR 6 crore in penalties

PNT Reporter

The Odisha Real Estate Regulatory Authority (ORERA) has announced a list of 57 real estate promoters who have failed to pay penalties exceeding INR 6 crore for breaching various provisions of the Odisha Real Estate (Regulation and Development) Act, 2016. Of the INR 6.89 crore in fines imposed on 60 developers, only INR 23 lakh has been collected so far, with just three promoters having settled their dues. ORERA was established to safeguard homebuyers' interests, but concerns about the recovery process remain, prompting calls for greater accountability and potential amendments to existing regulations.Read more

cover photo

MPCB bans new RMC plants in Mumbai, enforces strict anti-pollution measures

PNT Reporter

In response to worsening air quality in Mumbai, the Maharashtra Pollution Control Board (MPCB) has prohibited the establishment of new ready-mix concrete (RMC) plants within municipal corporation limits in the Mumbai Metropolitan Region (MMR). Existing plants must implement dust control measures and meet compliance requirements within three months or face penalties. New RMC plants outside city limits are subject to stringent location and operational rules, including bank guarantees and air quality monitoring. The MPCB is collaborating with civic authorities to improve air quality across the region.Read more

cover photo

Navi Mumbai buildings over 30 years must undergo safety checks by March 2025

PNT Reporter

The Navi Mumbai Municipal Corporation (NMMC) has classified 527 buildings as hazardous under Section 264 of the Maharashtra Municipal Corporation Act, urging mandatory structural assessments for properties over 30 years old. Building owners must obtain safety certifications from NMMC-approved engineers by March 2025 or face penalties of INR 25,000 or the annual property tax amount, whichever is higher. Urgent measures include evacuating 62 critically dangerous C-1 category buildings, slated for demolition. Other structures require varying levels of repairs. The directive highlights the need for swift compliance to mitigate safety risks, but activists stress the importance of effective enforcement to ensure public safety.Read more

cover photo

Varanasi Development Authority adopts Geotrix software to monitor illegal constructions

PNT Reporter

The Varanasi Development Authority has introduced Geotrix software to detect and monitor illegal constructions in a 200 sq km area using satellite imagery. This advanced tool not only identifies unauthorised developments but also assists in urban planning by pinpointing new plotting zones. Experts provided training for officials on this technology, which aims to enhance urban development through digital mapping and accurate land use planning. Officials highlighted that this innovative approach will prevent illegal constructions and support systematic city development.Read more

cover photo

Uttar Pradesh introduces investor-friendly land policy to boost foreign investments

PNT Reporter

The Uttar Pradesh government is launching a bulk land allotment policy to attract major global companies, targeting Fortune Global 500 and Forbes Global 2000 firms. Integrated with the FDI Policy-2023 and Incentive Policy for Fortune 500 Investments 2023, the initiative simplifies land allocation and subsidy processes, aiming to position the state as an investment hub. Managed by Invest UP, the policy prioritizes companies with 100% FDI and capital investments over INR 100 crore. Plug-and-play industrial zones and state-of-the-art facilities will support innovation and skill development. This move underscores Uttar Pradesh's commitment to fostering global investment and boosting economic growth.Read more

cover photo

Delhi: DDA to set up single-window clearance camps for regularising unauthorised colonies under PM-UDAY

PNT Reporter

Lieutenant Governor VK Saxena has directed the Delhi Development Authority (DDA) to establish single-window clearance camps to streamline property regularization for residents of unauthorised colonies under the PM-UDAY scheme. These camps, set to begin operations this month, aim to simplify bureaucratic procedures, offering immediate assistance and guidance to over 40 lakh eligible residents. Launched in 2020, PM-UDAY provides ownership rights to residents of colonies existing before June 2014. The initiative addresses systemic delays and enhances outreach through community meetings and informational materials. This move underscores Delhi's commitment to resolving housing issues and ensuring security for informal settlement dwellers.Read more

cover photo