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

GCZMA orders the demolition of illegal constructions in Anjuna's no-development zone

The Goa Coastal Zone Management Authority (GCZMA) has ordered the demolition of illegal constructions in Anjuna, including a swimming pool, multiple buildings and a compound wall, all built unlawfully in a no-development zone. Despite the violator's claims that the structures were on a hill and not subject to Coastal Regulation Zone (CRZ) rules, the GCZMA clarified that these regulations apply universally, regardless of topography. Activist Kashinath Shetye reported that the violator had been delaying demolition since 2017, and the GCZMA's firm action highlights its commitment to enforcing CRZ norms and protecting coastal ecosystems from unregulated development.Read more

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Gujarat RERA to alter rules regarding quarterly progress report submissions

Gujarat Real Estate Regulatory will soon alter the rule related to quarterly progress report submission for real estate projects. The new updated rule will include a penalty between INR 400 to INR 1000 per day, depending on the size of the project. The previous mechanism where if a developer fails to submit QPR, the project quarter automatically gets locked will be discontinued. This will encourage timely submissions by developers and guarantee transparency to homebuyers. A source told the media, the authority is planning to enhance the rules for easy navigation of developers.Read more

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YEIDA launches affordable housing scheme with 1,200 flats near Noida International Airport

The Yamuna Expressway Industrial Development Authority (YEIDA) has launched a new housing scheme offering over 1,200 affordable flats in Sector 22D, near the upcoming Noida International Airport. The scheme includes 1BHK and 2BHK units, with various pricing options and flexible payment plans. Possession is granted after a minimum payment of 30% of the total premium, and an Apartment Owners Association will manage maintenance after two years. Strict guidelines ensure the flats are used for residential purposes, highlighting the importance of compliance for potential homeowners.Read more

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AMC demolishes 23 illegal structures in Fatehwadi, continues crackdown on unauthorized constructions

The Ahmedabad Municipal Corporation (AMC) took significant action earlier this month by demolishing 23 illegal structures in the Fatehwadi area of Sarkhej, which included 22 residential buildings and one commercial property. These followed notices issued for a total of 51 illegal units across the region. After individuals responsible for the constructions petitioned the Gujarat High Court, the court initially granted a status quo but later ordered the petitioners to remove the structures voluntarily. With the petitioners failing to comply, the AMC proceeded with the demolition, emphasizing its commitment to enforcing urban regulations and maintaining compliance with building laws.Read more

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NCDRC orders compensation for delay in delimitation order by Namakkal Corporation

The Namakkal District Consumer Disputes Redressal Commission (NCDRC) has ordered the Namakkal Municipal Corporation (NMC) to pay INR 50,000 to Tamilselvi, a petitioner, for poor service in delimiting her unoccupied land. Tamilselvi filed for the delimitation scheme in 2021, paid the fees, and provided the requisite documentation. Despite several follow-ups and payments, the delimitation order was never granted. The NCDRC found that NMC's delay to act caused significant anguish and inconvenience to the petitioner and ruled in her favor, ordering that the compensation be given within four weeks of the ruling.Read more

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Jantar Mantar: Delhi villagers demand action on land and infrastructure issues

The 360 rural communities that make up Delhi and the neighbouring state of Haryana convened at Jantar Mantar to demonstrate against the long-standing disregard for land and infrastructure problems. The demonstrators' demands include resuming land mutation, removing restrictive provisions of the Delhi Land Reforms Act, and converting Delhi's villages into smart villages. The protest was organised by Chaudhary Surender Solanki, head of Palam 360 Khap. Despite rural areas' contributions to Delhi's development, villages have degenerated into slum-like areas, according to Solanki. If their demands are not fulfilled, protesters warned of a boycott of the forthcoming elections in Delhi.Read more

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Ahmedabad property owners fail to comply with structural stability rule despite AMC notice

On August 17, Ahmedabad Municipal Commissioner M. Thennarasan issued a public notice requiring all residential and commercial buildings older than 15 years to submit structural stability certificates within 15 days. Despite the urgency, no certificates have been submitted, reflecting widespread non-compliance. The requirement, first introduced in 2014 under the Ahmedabad General Development Control Regulations (GDCR), mandates inspections by structural engineers for older buildings. However, enforcement has been weak, and many property owners remain unaware or indifferent to the rule. The lack of action raises serious concerns about public safety, prompting the Ahmedabad Municipal Corporation to consider stricter enforcement measures.Read more

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Goa: State Government demands withdrawal of controversial ad by leading developer

Last week, the state government ordered a leading developer to withdraw an advertisement titled "Delhi, Rulers of India, Now Conquer Goa" following strong public backlash. The Home Department deemed the ad "objectionable and obnoxious" and instructed its immediate retraction, warning of legal consequences if ignored. The Chief Minister's Office (CMO) also condemned the ad, referencing Goa's liberation from Portuguese rule in 1961 and expressing concern over the ad's offensive tone. The issue, raised during the state assembly's monsoon session, underscores the government's swift action to protect public sentiment and respect Goa's historical legacy.Read more

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Hubballi-Dharwad Master Plan revision set for state approval in coming weeks

HUDA is set to revise the Hubballi-Dharwad master plan, spurred by an increase in land from 23,000-24,000 hectares to 27,000-28,000 hectares under the Amrut Yojana. Following a recent e-GIS survey, the local population area expanded from 408 to 411 square kilometers. Stakeholder consultations have already been held to incorporate their suggestions into the updated draft. Plans include developing plots for low-income residents, building bus terminals, enhancing road and drainage infrastructure, and addressing illegal layouts. The revised draft will be finalized and submitted for government approval in the coming weeks.Read more

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Noida Authority to allot 1,200 plots targeting INR 3.8 crore in revenue

The Noida Authority has identified around 1,200 plots across various categories for upcoming schemes. In a recent meeting led by CEO Lokesh M, it was revealed that 1,190 plots remain vacant, spanning industrial, residential, commercial, group housing, and institutional uses. The Authority aims to allocate 5.5 lakh square meters (135 acres) of land in the current fiscal year, with specific areas designated for each sector. Anticipated revenue generation is INR 3,795 crore, mainly from group housing (INR 1,080 crore) and commercial sectors (INR 1,010 crore). This strategic land allocation reflects Noida Authority's efforts to stimulate regional growth while addressing underused plots to boost economic development.Read more

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