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

NGT orders Tamil Nadu Government to revise coastal zone maps for better protection

The National Green Tribunal (NGT) has directed the Tamil Nadu Government to revise its Coastal Zone Management Plan (CZMP) maps, citing significant omissions that compromise coastal community protections. Local fishermen from Nagapattinam, Ramanathapuram, and Villupuram raised concerns over missing details like fishing zones and ecological areas, crucial for biodiversity and sustainable resource management. While the Tamil Nadu Coastal Zone Management Authority (TNCZMA) claimed improvements in the new maps, the NGT mandated collaboration with the National Centre for Sustainable Coastal Management (NCSCM) to ensure comprehensive representation. Accurate mapping is essential as climate change threatens coastal livelihoods, necessitating community engagement for effective management.Read more

cover photo

Telangana Government plans housing for families displaced by Musi River project

The Telangana government, led by Chief Minister A. Revanth Reddy, is exploring housing options for families impacted by the Musi Rejuvenation Project, which could affect 12,000 to 13,000 families. Plans include offering land plots and constructing 2-BHK homes for displaced residents. The project aims to restore the Musi River's ecological health while ensuring community engagement rather than forced land acquisition. P. Srinivas Reddy, the state's revenue and housing minister, highlighted the importance of collaborative approaches, drawing on past successful initiatives. Community forums will facilitate discussions to address residents' needs, emphasising transparency and sustainable development throughout the project.Read more

cover photo

ED seizes assets worth INR 56.86 crore in Gurugram real estate fraud case

The Directorate of Enforcement (ED) has provisionally attached properties worth INR 56.86 crore in Gurugram, targeting M/s Krrish Realtech Pvt. Ltd. and its associates, including Amit and Rajesh Katyal, under the Prevention of Money Laundering Act (PMLA) of 2002. This action follows allegations of financial misconduct, with the company accused of collecting funds from potential property buyers without proper licenses from the Department of Town and Country Planning (DTCP). The ED also arrested Rajesh Katyal, alleging he laundered over INR 200 crore. The case underscores concerns around regulatory compliance and investor protection in India's real estate sector.Read more

cover photo

Bombay High Court stalls government's move to reclaim Kandivali Industrial Land

The Bombay High Court has halted a government resolution that sought to reclaim land from the Kandivali Co-op Industrial Estate Ltd, which had been allocated 22 years ago. Challenging the government's October 8 decision, the estate argued it was arbitrary and lacked justification. Senior counsel Aspi Chinoy emphasised that the government could not revoke the December 2002 allocation without a fair hearing. The court's intervention came after the collector began the reclamation process, highlighting the need for procedural fairness and the protection of community rights amid concerns of land misuse.Read more

cover photo

Lucknow: Airport expansion halted as farmers challenge land reclamation efforts

Earlier this month, farmers from villages near Chaudhary Charan Singh International Airport in Lucknow protested against the local government's land reclamation efforts for airport expansion. The protest forced authorities to halt their operations amid allegations of illegal land acquisition and insufficient compensation. Despite the airport's claim of government ownership for over 70 years, villagers argue that the original acquisition notification lacked essential details, questioning its legality. In their fight for recognition and rights over the land they have farmed for generations, the farmers met with local officials to address their concerns directly.Read more

cover photo

Union Minister Shivraj Singh Chouhan highlights importance of digitized land records for urban planning

Union Rural Development Minister Shivraj Singh Chouhan emphasized the importance of digitally updated land records for optimizing resources and helping policy-making during the inauguration of an international workshop on modern surveying technologies. He announced the government's push for digitization under the Digital India Land Records Modernization Programme (DILRMP) and highlighted a pilot project, NAKSHA, aimed at creating urban land records in over 100 cities within a year, followed by a nationwide survey in five years. Chouhan noted that aerial photography and GPS technology would enhance land surveys, while Manoj Joshi confirmed the Survey of India as the technical partner for these initiatives.Read more

cover photo

Telangana Government to distribute Indiramma housing units, aiming for 20 lakh homes in 4 years

Revenue Minister Ponguleti Srinivasa Reddy recently announced plans to distribute 3,500-4,000 Indiramma housing units per constituency across Telangana's 119 assembly constituencies by October-end. The government aims to provide 20 lakh housing units to eligible poor families over four years, regardless of caste, religion, or political affiliation. During a housing document distribution event, the minister mentioned seeking central funding under Pradhan Mantri Awas Yojana.Read more

cover photo

Enforcement Directorate takes action against Unitech Group for alleged money laundering

The Enforcement Directorate (ED) has attached assets valued at INR 335 crore belonging to the Unitech Group and a related company under the Prevention of Money Laundering Act (PMLA). This action follows FIRs filed by the Delhi Police and the CBI, as well as a Supreme Court order for a thorough investigation into alleged money laundering. The Chandra brothers, promoters of Unitech, are accused of illegally diverting INR 7,612 crore from homebuyers and investors. The attached assets include land rights across multiple cities, and the investigation has led to a total of 1,288 domestic and overseas assets worth INR 1,593.36 crore being seized.Read more

cover photo

Goa: High Court urges swift action to halt illegal constructions

The Bombay High Court at Goa has expressed alarm over the rising incidence of illegal constructions, warning that unregulated development threatens the state's natural beauty and residents' quality of life. During a recent hearing, Chief Justice Devendra Kumar Upadhyaya and Justice B P Deshpande called for immediate government intervention, suggesting legislative measures to combat the issue. Advocate General Devidas Pangam acknowledged local authorities' inaction despite multiple circulars aimed at curbing illegal activities. Experts emphasize the need for a sustainable growth plan, urging collaboration among government bodies, communities, and environmental organizations to protect Goa's environment and heritage from unchecked development.Read more

cover photo

SC supports Unitech Board with police aid to overcome external interference

The Supreme Court has empowered the board of directors managing Unitech Ltd, allowing them to seek police assistance against disruptions on the company's properties. This decision supports the board's efforts to address the ongoing issues of over 12,000 homebuyers impacted by the firm's struggles. Initially intervening in January 2020, the court granted the Union Ministry of Corporate Affairs management control of Unitech, appointing retired IAS officer Yudvir Singh Malik to lead recovery efforts. The court's recent ruling enables the board to approach authorities for support, shield them from legal actions, and facilitate commercial decisions to generate revenue. Unitech's situation underscores broader challenges in India's real estate sector, emphasising the need for improved accountability and transparency.Read more

cover photo