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

Delhi's NDMC introduces several policy changes for sustainable energy and improved revenue collections

NDMC greenlights solar policy to boost grid-connected solar plants in New Delhi, aiming to cater to the city's electricity demands while also generating surplus power for export. The move comes as a significant step towards sustainable energy solutions, seeking to harness the potential of solar resources in the region. With a focus on promoting renewable energy adoption, the policy is expected to drive the establishment of solar plants, thus reducing the city's reliance on conventional energy sources and curbing carbon emissions.Read more

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Uttar Pradesh introduces Transfer of Development Rights to tackle urban congestion

The Uttar Pradesh Housing Department has directed 29 development authorities to identify highly urbanized zones where landowners can surrender their land in exchange for Transfer of Development Rights (TDR). The cities of Lucknow, Kanpur, and Varanasi will be the first to implement the TDR concept. Under this system, landowners will receive TDR certificates in return for voluntarily surrendering their land for public purposes. The certificates can then be used to avail increased Floor Area Ratio (FAR) in developing or under development locations. The move aims to promote planned urban development and ease congestion in highly urbanized areas across the state.Read more

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Sweeping crackdown on illegal structures ushers in new era for Mumbai's Aarey Milk Colony

Mumbai's Aarey Milk Colony is witnessing a significant crackdown on illegal structures, led by the CEO's office, resulting in over 150 demolitions. The initiative, marking a major operation against illegal constructions, is set to intensify post-monsoon. Applauded by environmental advocates, the actions aim to safeguard the forest, local biodiversity and wildlife from encroachments. Collaboration with the forest department, dairy department, MCGM, and police is in place to ensure Aarey forest becomes an encroachment-free zone.Read more

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Haryana Town Planning Department puts 300 colonizers on notice for non-payment of IDC

The Haryana Town And Country Planning Department's recent action to issue notices to 300 colonizers, barring them from new projects and extensions, comes as a response to their failure to clear arrears of infrastructure development charges (IDC). With an outstanding amount of Rs 15,000 crore in non-payment, the department is taking a firm stance to prioritize clearing dues and resuming development projects. Critics argue that the department's leniency in the past might have contributed to the accumulation of default amounts. However, the department's actions underscore the urgency to address the larger issue of outstanding IDC dues for the region's development.Read more

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Court orders asset protection and preservation of records in Info Edge - 4B networks dispute

The Delhi High Court has issued significant directions in the legal dispute between Info Edge (India) and 4B Networks. 4B Networks has been ordered to refrain from selling or transferring its assets and to preserve all relevant records and information during the arbitration process. The dispute arose from a financial investment made by Info Edge (India) subsidiary, Allcheckdeals India, in 4B Networks, and concerns about 4B Networks' operations and management practices. The arbitration will play a crucial role in resolving the dispute and upholding contractual obligations.Read more

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UPSIDA eases burden on allottees with late registration relief

The Uttar Pradesh State Industrial Development Authority (UPSIDA) has announced relief for allottees who commenced their units without completing the registration process on time. The relief includes an option for registration with additional interest and lease premium rates, aiming to ease the financial burden on entrepreneurs and support the state's economic growth. While this measure is seen as beneficial for allottees, critics raise concerns about the potential impact on adhering to deadlines and administrative challenges. Nonetheless, UPSIDA's initiative aligns with the vision of Chief Minister Yogi Adityanath to boost Uttar Pradesh's economy.Read more

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Citing flood loss, Punjab & Haryana HC says preserve green areas while carving plots

The Punjab and Haryana High Court has expressed concern over the reduction of green belt areas in cities and its impact on the drainage system. The court had called for the preservation of green areas with waterfronts to prevent interference with the natural flow of water, which can lead to devastating consequences like floods and waterlogging. The recent loss caused by floods in the region is partly attributed to haphazard construction in green areas and water bodies. The court warned against repeating mistakes seen in cities like Bengaluru and Chennai and emphasizes the importance of sustainable development practices that prioritize environmental conservation alongside economic growth.Read more

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CM Jagan Mohan Reddy inaugurates PMAY - YSR BLC (U) scheme in Guntur District

Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy has inaugurated the foundation-laying ceremony for the construction of over 50,000 affordable houses in Guntur district. This ambitious housing project, with a budget of Rs 1,830 crore, is part of the PMAY - YSR BLC (U) scheme and aims to uplift the living standards of the marginalized sections of society. The project will cover a vast area and incorporate various amenities to enhance the quality of life for residents. By providing affordable housing options and essential facilities, the government is working towards creating a more equitable and inclusive society.Read more

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Hyderabad Development Authority schedules 50 plot auction in Mokila on Aug 7

HMDA shifts focus to middle and upper-middle-class sections in Hyderabad, initiating an auction of 50 plots in Mokila village. The layout promises comprehensive infrastructure development, with bids exceeding Rs 25,000 per square yard. The pre-bid meeting garnered significant interest, and HMDA anticipates a positive response from potential homeowners. The strategic location near Shankarpally Road, Neopolis, and Financial District adds appeal to the project. With connectivity to ORR and proximity to educational institutions and recreational spots, HMDA aims to redefine urban living, providing diverse housing options for a vibrant community in Hyderabad's evolving landscape.Read more

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Pune civic body's notice for property use information goes unheeded

Only 73 properties have been identified by the Pune Municipal Corporation (PMC) for illegally operating commercial businesses within housing societies. This number is significantly low compared to the estimated 50,000 such properties believed to exist within PMC's jurisdiction, including merged villages. PMC has reiterated its call for residents to come forward and divulge information about such properties to ensure proper adherence to zoning and safety regulations in the city's neighbourhoods. The revelation raised concerns over potential non-compliance with property usage regulations, prompting authorities to intensify efforts to uncover and address these unauthorized commercial activitiesRead more

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