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

Special campaign underway to remove unauthorized banners and hoardings in Navi Mumbai

In line with a court order dated 9th October (PIL No. 155/2021), Navi Mumbai Municipal Corporation (NMMC) is launching a special campaign from 25th November to 4th December 2024 to remove unauthorized banners and hoardings across its jurisdiction. Violations, including expired permissions, will result in penalties and removal costs recovered from offenders. Citizens are warned against erecting unauthorized banners, as legal action will follow under the Maharashtra Prevention of Defacement of Property Act, 1995. Suggestions or complaints can be submitted through NMMC offices, the Grievance Redressal Portal, My NMMC app, or WhatsApp. Commissioner Dr. Kailas Shinde urges public cooperation.Read more

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Madhya Pradesh leads the way in property registration reforms with Sampada 2.0

Madhya Pradesh has revolutionised property registration with Sampada 2.0, a cutting-edge digital platform introduced in 2024. Offering office-based, remote, and faceless registration options, it eliminates manual intervention through AI and GIS integration. The platform ensures accurate property identification, real-time data synchronization, and instant document delivery via WhatsApp and email. Complemented by Cyber Tehsil, which automates land mutation processes, Sampada 2.0 addresses longstanding challenges in property registration. It integrates seamlessly with critical databases, reducing delays and fraud risks. Madhya Pradesh's citizen-centric approach, backed by investments in digital infrastructure and local talent, sets a new benchmark for ease of living and governance.Read more

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Tamil Nadu lifts height restrictions for industrial high-rises to boost growth

The Tamil Nadu government has changed its building rules to allow taller industrial buildings in Transit-Oriented Development (ToD areas). These buildings can exceed height limits if the road is at least 30 metres wide and the plot size is 4,000 square metres or more, with Airport Authority approval. The goal is to encourage industrial and commercial growth by supporting modern, vertical factories and increasing Floor Space Index (FSI) limits for such projects. Industrial parks and dormitory housing for workers will benefit from revised rules.Read more

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Bengaluru residents urge BBMP to halt construction near Jayanthinagar lake buffer zone

Residents of Bengaluru's Horamavu, Hoysalanagar, and Jayanthinagar are opposing the construction of residential quarters near Jayanthinagar Lake's buffer zone, citing safety and structural concerns. Initiated by the Rajiv Gandhi Housing Corporation for economically weaker sections, the project has faced delays and transparency issues, with no visible project details onsite. Residents propose alternative uses for the land, such as a park or community centre, benefiting local citizens. Additionally, they seek the development of a park near Jayanthinagar Government School, emphasising sustainable development over questionable construction projects. The community urges the BBMP to prioritise public welfare and address their concerns promptly.Read more

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Telangana Government sanctions over 4,600 homes for families displaced by the Mid Manair project

The Telangana government has approved the construction of 4,696 Indiramma houses for families displaced by the Mid Manair Reservoir project. Each beneficiary will receive INR 5 lakh under the Indiramma Indlu scheme to build permanent homes. Of the 10,683 families displaced, 5,987 have already built houses, while the remaining families appealed for assistance, prompting the state's approval through GO Ms 42. Additionally, 863 housing units were sanctioned for families affected by the Kakatiya Mega Textile Park in Warangal, with eligibility criteria relaxed to prioritize these families. These initiatives reflect the government's commitment to providing secure housing for displaced communities and ensuring inclusive development through comprehensive relief and rehabilitation efforts.Read more

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Rajasthan expands urban bylaws to all cities, streamlining development processes

The Urban Development and Housing (UDH) department of Rajasthan has expanded its development promotion and control bylaws to all cities across the state, previously limited to a few major urban areas. These new regulations streamline land use approvals for residential, commercial, institutional, and other categories, ensuring faster, more transparent processes. By setting minimum technical standards, the bylaws aim to safeguard environmental integrity while promoting sustainable urban growth.Read more

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ED seeks justice for Shine City investors with court order for property return

The Directorate of Enforcement (ED) has made significant progress in seeking justice for investors defrauded by Shine City Group. A special court in Lucknow recently issued an order, inviting victims with legitimate claims on Shine City properties to present evidence for property restitution. The ED's investigation, stemming from 554 FIRs filed by UP police, uncovered a Ponzi scheme disguised as real estate investments. The funds were laundered and used to acquire assets, leading to the attachment of properties worth INR 263.55 crore. The ED has filed five Prosecution Complaints (PCs) against multiple entities, with steps now being taken to return assets to rightful claimants.Read more

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Jaipur: NGT issues notice to RIICO for alleged breaches in Karni industrial area expansion

The National Green Tribunal (NGT) has issued a notice to RIICO Limited, Bikaner, for allegedly violating environmental regulations in the Karni Industrial Area expansion project. The tribunal found that RIICO began construction activities, including the development of roads and buildings, between 2010 and 2013, without obtaining the mandatory environmental clearance, which was only approved in April 2017. Additionally, a food processing unit was reportedly allowed to start construction in January 2014, contravening a 2010 ministry circular. This action follows a complaint by a Bikaner entrepreneur, prompting the NGT to form a Joint Committee to investigate the violations.Read more

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Gurugram Municipal Corporation issues INR 3.4 lakh in fines for grapping violations

Gurugram's Municipal Corporation (MCG) has intensified enforcement of the Graded Response Action Plan (GRAP) to address deteriorating air quality. Within 24 hours, 54 fines totaling INR 3.4 lakh were issued, including INR 1.4 lakh for prohibited construction activities under GRAP-4. Joint Commissioner Pradeep Kumar led inspections, prioritising measures like anti-smog guns and road water spraying to combat dust pollution. However, residents in areas like New Palam Vihar expressed concerns over ongoing violations, urging stricter penalties. MCG is also engaging environmental groups and launching awareness campaigns to promote community participation in pollution reduction, aiming for long-term air quality improvements.Read more

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Union Minister Khattar highlights PMAY's role in economic growth and job creation

The Pradhan Mantri Awas Yojana-Urban 2.0 (PMAY-U 2.0) continues to transform housing accessibility in India, with Union Housing and Urban Affairs Minister Manohar Lal Khattar emphasising its economic and social impact. Addressing a national workshop, he highlighted the creation of three crore jobs and the program's potential to boost living standards. PMAY-U 2.0 focuses on constructing affordable housing, upgrading existing units, and providing financial aid to low-income families. By fostering collaboration between states and Union territories, the initiative aims to achieve "Housing for All" by 2022, fulfilling the universal dream of homeownership and enhancing urban sustainability.Read more

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