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

Real estate fraudsters target homebuyers in Mira Road under the guise of MHADA officials

The MBVV police have apprehended a gang that deceived home seekers on Mira Road with promises of affordable MHADA flats. A woman was duped of RS 10 lakh for two flats. Some gang members posed as MHADA officials, distributing fake allotment letters and payment receipts. The crime branch unit, under Inspector Aviraj Kurhade and Assistant Inspector Prashant Gangurde, diligently investigated the case, leading to the arrest of the gang red-handed. They were found with incriminating documents. The gang faces multiple charges under the IPC. Other victims are encouraged to come forward and report to the Bhayandar police station or helpline numbers.Read more

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Tamil Nadu Pollution Control board imposes heavy fines on Chennai high-rises

In a bid to enforce environmental laws, the Tamil Nadu Pollution Control Board has imposed fines totalling ?6.3 crore on 13 high-rise buildings near Siruseri IT Park. The penalties were issued due to the absence of operational sewage treatment plants within gated communities, leading to the illegal dumping of waste into sensitive areas. The case, initiated by a concerned citizen and pending at the National Green Tribunal, highlights the state's commitment to environmental preservation. The legal proceedings are set to continue with the next hearing scheduled for October 9, 2023.Read more

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Delhi Government aims to boost registration of construction workers to 15 lakh

The Delhi government aims to increase construction worker registrations to 15 lakh by year-end, up from 13 lakh last fiscal year. This follows Chief Minister Arvind Kejriwal's concerns over insufficient registrations. Additionally, welfare scheme spending for these workers will see a twenty-fold rise, from Rs 12.66 crore to Rs 246 crore. The funds, sourced from a 1% cess on major construction projects, support various benefits, including financial aid, maternity benefits, and medical care. This initiative underscores the government's commitment to the welfare of this essential workforce.Read more

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Bhubaneswar Police's tenant information initiative loses momentum

In March 2015, the Bhubaneswar Commissionerate Police initiated a program encouraging house owners to provide tenant details to enhance citizen safety. Initially well-received, it was extended to women's hostels in January 2017. However, recent reports reveal a decline in compliance, with very few submission of tenant declaration forms. These forms, available at police stations and online, request tenant information. While the initiative remains optional, police stress its importance for security. It also offers a tenant verification service, but few have utilized it. A review by Deputy Commissioner of Police Prateek Singh seeks to understand the decline and reinforce the significance of this safety measure.Read more

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Bombay HC to investigate Mumbai Policemen's housing society mismanagement

The dreams of over 6,000 Mumbai policemen to own homes have been thwarted due to alleged mismanagement in the housing society created for this purpose. Policemen have taken the matter to the Bombay High Court, seeking a halt to the scheduled October elections for the housing society. The turmoil revolves around irregularities in the formation of the voter list, including the alleged expulsion of the chief promoter and subsequent approval of the voter list by an assistant registrar. The civil writ petition also calls for an investigation into malpractices and illegalities within the housing society. This situation has raised concerns about the functioning and trust of the society.Read more

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SEBI to auction Saradha Group properties, sets reserve price of Rs 3 crore

SEBI, the market regulator in India, has announced an auction of Saradha Group properties in West Bengal with a reserve price of over Rs 3 crore to recover funds raised through alleged illicit schemes. The auction, scheduled for October 17, 2023, follows a directive from the Calcutta High Court and aims to compensate depositors who suffered losses when the Saradha Group collapsed in 2013 after raising around Rs 4,000 crore from 1.7 million investors. Potential bidders are required to conduct independent due diligence, and the successful bidder will bear transfer charges and taxes associated with the property.Read more

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The Uttarakhand Chief Minister hands out cheques to PMAY-Rural recipients

Chief Minister Pushkar Singh Dhami marked Prime Minister Narendra Modi's birthday by distributing housing approval letters, keys, and financial assistance of Rs 5,000 each to beneficiaries of the Pradhan Mantri Awas Yojana-Rural, aimed at providing rural homes. Additionally, he handed out financial support to self-help groups under the National Rural Livelihood Mission. Dhami's actions were lauded for empowering the marginalized, especially women, and he expressed gratitude to the Prime Minister for providing permanent homes to those in need. This heartfelt gesture extended to celebrating Modi's birthday with underprivileged children.Read more

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Stone crushers in Charkhi Dadri, Haryana, fined Rs 4 crore for environmental violations

A joint committee comprising officials from the Haryana State Pollution Control Board, Charkhi Dadri administration, and Central Pollution Control Board has successfully recovered Rs 4.01 crore as environmental compensation from 44 stone crushers in Charkhi Dadri, Haryana. They have also lodged 70 criminal cases and attached 47 properties for non-compliance with environmental norms. This initiative follows a case filed in 2017 against stone crushers operating in Charkhi Dadri, which were causing air and water pollution. The National Green Tribunal had been monitoring and reviewing the efforts of the HSPCB and the state government to control this pollution.Read more

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Haryana unveils ambitious policy to tackle unauthorized commercial establishments

Under Chief Minister Manohar Lal Khattar's leadership, the Haryana government is taking comprehensive measures to address the issue of unauthorized commercial establishments encroaching on residential areas. These initiatives include the establishment of an Integrated Command and Control Centre in Ambala to enhance security and traffic management, and the formulation of a policy to designate areas with commercial establishments within residential zones as official commercial areas. The government is also conducting a city-wide survey to identify locations in need of CCTV surveillance integration into the Police Integrated Command and Control Centre. These proactive steps reflect the government's commitment to responsible urban development and efficient governance in Haryana.Read more

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MahaRERA suspends 388 realty projects due to lack of quarterly updates

The MahaRERA has suspended the registration of 388 real estate projects because developers have not complied with the mandatory quarterly information updates mandated by the Real Estate (Regulation & Development) Act of 2016. This suspension prevents developers from marketing or selling apartments in these projects and also freezes their bank accounts. MahaRERA's stringent measures are aimed at enforcing legal compliance among property developers and ensuring homebuyers have access to consistently updated project information. This decision is expected to benefit homebuyers by providing them with reliable project details, including progress and costs, accessible through the regulator's portal.Read more

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