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

HC orders investigation into the illegal seizure of plots allocated for underprivileged communities in Gurugram

The Punjab and Haryana High Court has instructed the Haryana government to address the alleged seizure of 100 square yard plots in Gurugram, designated for disadvantaged communities by the state, by the 'land mafia'. The court's directive to the state government emphasizes the urgency of addressing these illicit transactions and upholding the rightful allocation of plots meant for the underprivileged. There is a need for prompt legal action to prevent further encroachments and ensure justice for the intended beneficiaries.Read more

cover photo

Homebuyers take legal action against Triveni Developers for fraud allegations

Triveni Developers, led by Ashok Jethwa and Mihir Jethwa, face legal action for alleged fraud involving delays and deception in housing transactions, particularly impacting an 82-year-old buyer. Rameshchand Joshi filed a case against the developers, accusing them of failing to deliver a promised flat despite receiving payments. Multiple assurances and missed deadlines led to a case citing breach of trust and cheating. The complaint, now expanded by Joshi's daughter, reveals a wider pattern of fraudulent practices, including selling the same flats to multiple buyers without necessary permissions, emphasizing the importance of vigilance in real estate transactions.Read more

cover photo

Maharashtra considers relocating 143 property registration offices for improved accessibility

State registration officials in Maharashtra have highlighted the need to relocate 143 out of 519 property registration offices to ground floors for improved accessibility, particularly targeting offices without lifts and currently situated on the first floor. Pune alone has earmarked 16 out of its 27 offices for potential relocation due to these accessibility issues. This initiative aims not only to address physical accessibility but also to ensure that essential amenities are available to all visitors, emphasizing inclusivity and a citizen-centric approach.Read more

cover photo

Delhi High Court raises concerns over alleged fraudulent allotment of 128 properties

The Delhi High Court has addressed a significant issue involving the alleged fraudulent allotment of 128 properties in Delhi based on forged recommendation letters. The court raised concerns about the lack of follow-up actions by relevant authorities and directed the Delhi Development Authority (DDA) to prevent any further third-party interests or sales related to the properties in question. The court expressed dissatisfaction with the lax approach of the Land and Building Department (L&BD) and other authorities involved, emphasizing the importance of holding officials and beneficiaries accountable for their actions. The court called for a thorough investigation, considering the gravity of the situation.Read more

cover photo

UP Housing Board provides 35 percent discount on 5,000 flats in Ghaziabad

The Uttar Pradesh Housing Board, in a strategic move, has decided to offer a 35 percent discount on around 5,000 unsold flats in Siddharth Vihar, Mandola, and Vasundhara. This initiative, aimed at revitalizing the housing market and providing affordable housing solutions, follows a lukewarm response to a previous 20 percent discount. Online registrations for the discounted properties opened on Diwali, with specific allocations for each location. The housing schemes include approximately 4,700 unsold units, and awareness campaigns are planned to boost their popularity. The move aligns with the board's commitment to affordable housing, potentially addressing the demand surge in Ghaziabad.Read more

cover photo

KMC implements water meters in new constructions to curb wastage

The Kolkata Municipal Corporation's (KMC) water supply department has taken a significant step to address water wastage by implementing water meters in upcoming constructions. This initiative aims to gauge neighbourhood water consumption patterns and minimize the significant loss of treated water. Following a survey in the Dum Dum-Cossipore region, the program is being expanded to other parts of the city, starting with the Mukundapur area. The KMC plans to install water meters in all new constructions, including individual apartments and housing complexes. The move comes after alarming figures revealed high water consumption in certain households, prompting officials to take measures to curb wastage and promote responsible water use in Kolkata.Read more

cover photo

Eviction looms for City Plaza residents in Thiruvananthapuram amidst stability concerns

The Thiruvananthapuram City Corporation is taking action to cancel building numbers and trade licenses for residents and shop owners in City Plaza, a residential-cum-commercial building in Ulloor. Concerns over structural stability arose after a portion of the building's retaining wall collapsed during heavy October showers. The civic body issued an eviction notice, directing residents to vacate within three days. Despite reminders to reconstruct the retaining wall, there was no concrete response. Residents cite the corporation's failure to address unauthorized constructions, urging temporary accommodation. The corporation cancelled building numbers and trade licenses, awaiting a stability assessment report from the public works department.Read more

cover photo

Assam government introduces a unified portal for 103 urban local bodies

The state government launched a unified, single-window portal for housing and urban affairs services, promoting digital governance. Residents in 103 urban local bodies can now access municipal and departmental services online. The portal facilitates tasks like property tax payment, trade license approval, and complaint filing, enhancing transparency and citizen engagement. Offering comprehensive information about municipal bodies, it extends beyond ULBs to include services from various entities. The move represents a notable stride towards providing accessible, transparent, and efficient public services, aligning with the government's dedication to digital governance.Read more

cover photo

SEBI to auction 13 properties belonging to Bishal Group and NVD Solar in December

The Securities and Exchange Board of India (SEBI) has announced the auction of 13 properties linked to Bishal Group of companies and NVD Solar as part of the recovery proceedings against these companies. The auction, scheduled for December 12, will feature properties with a reserve price exceeding Rs 17 crore. Eight properties are associated with Bishal Group of companies, and the remaining five belong to NVD Solar. The regulatory action is in response to the mobilization of funds through the issuance of Redeemable Preference Shares, allegedly violating public issue norms. The auction will be conducted online, and SEBI urges potential bidders to conduct due diligence.Read more

cover photo

MahaRERA fines developers for violating QR code display rule in Maharashtra

A total of 370 construction projects in the state of Maharashtra have been served with show-cause notices and fined a cumulative sum of Rs 33 lakh for their failure to display MahaRERA (Maharashtra Real Estate Regulatory Authority) registration numbers and QR codes. The regulatory measure, implemented in August, mandates the prominent display of QR codes on advertisements to provide potential buyers with essential project information. This move reinforces the commitment to enforcing compliance, curbing misleading advertising practices, and enhancing transparency in the real estate market. A total sum of Rs 22 lakhs have been recovered through such penalties so far.Read more

cover photo