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

Madras High Court directs CDMA to demolish building for setback violations

Earlier this week, The Chennai Metropolitan Development Authority (CDMA) demolished portions of a building on Kodambakkam High Road as per the Madras High Court directive. A portion of the building that held a health care centre, a pharmacy and portico were in violation of the assigned setbacks provided by the government. The demolition took place under police supervision.Read more

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Finance Ministry directs states to submit property transaction details

A letter has been issued by the Finance Ministry to all state registration departments, including Maharashtra, with a copy marked to the chief secretary asking officials to provide details for all sale and purchase transactions relating to immoveable properties exceeding a value of fifty lac rupees. The Ministry has requested that all the data be submitted in the prescribed format by the 15th day of the succeeding month of every quarter. The report is to be submitted to the Financial Intelligence Unit (FIU-Ind).Read more

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Stay on disputed CRZ plot sale in Nerul to remain

Earlier this week, The Western Zonal Bench of the National Green Tribunal (NGT) ruled that the stay order on the sale of a plot in Nerul remain and gave petitioners two weeks to respond to CIDCO’s defense. The Navi Mumbai Environment Preservation Society (NMEPS) and neighboring residents have filled two petitions with the NGT to halt the sale of this plot citing CRZ violations. CIDCO has defended its decision while questioning the NGT’s jurisdiction to have allowed such petitions to be admitted. The final hearing has been fixed for 20th December 2022.Read more

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SCDRC orders DLF Homes to compensate homebuyers

The court also ordered DLF Homes to complete the sale deed for unit number A-1/33-GF, which covers a space of 282.017 square meters (3,035.60 square feet), in Anita Singh's favor, within 30 days. However, it has been made clear that the 30-day timeframe will start when the complaint pays the stamp duty and registration fees that are necessary for the sale deed to be registered if she has not already done so.Read more

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Prayagraj: PMC to redevelop 88 civic plots into mixed-use housing and retail complexes

The Prayagraj Municipal Corporation (PMC) is preparing to launch a redevelopment initiative across 88 vacant and fenced plots located in localities such as Naini, Jhunsi, Phaphamau, Bamrauli, and Jhalwa. The plan involves constructing multi-storey buildings with commercial shops on the ground and first floors and residential flats above, aiming to boost the city's income while addressing the growing issue of illegal encroachments. Encroached municipal land especially in Kareli, Daraganj, Rasulabad and other densely populated areas is also set to be reclaimed. The civic body will soon present a detailed land inventory for formal approval before initiating construction and legal proceedings.Read more

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Odisha revamps land ownership and classification laws to simplify property governance

The Odisha government is undertaking a comprehensive reform to simplify its outdated and overly complex land classification and ownership systems. With more than 7,000 land-use types and nearly 3,000 forms of land ownership rooted in colonial-era laws, the administration is now streamlining these into 27 use categories and a simplified set of ownership types. This initiative aims to bring transparency, legal clarity, and administrative efficiency. Additional reforms, including updated property conversion fees, new urban planning regulations, and legal safeguards for SC/ST land rights, complement this overhaul. The state is also repealing obsolete statutes and responding to recent judicial guidance on land titles.Read more

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Prayagraj: PMC to redevelop 88 civic plots into mixed-use housing and retail complexes

The Prayagraj Municipal Corporation (PMC) is preparing to launch a redevelopment initiative across 88 vacant and fenced plots located in localities such as Naini, Jhunsi, Phaphamau, Bamrauli, and Jhalwa. The plan involves constructing multi-storey buildings with commercial shops on the ground and first floors and residential flats above, aiming to boost the city's income while addressing the growing issue of illegal encroachments. Encroached municipal land especially in Kareli, Daraganj, Rasulabad and other densely populated areas is also set to be reclaimed. The civic body will soon present a detailed land inventory for formal approval before initiating construction and legal proceedings.Read more

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Odisha revamps land ownership and classification laws to simplify property governance

The Odisha government is undertaking a comprehensive reform to simplify its outdated and overly complex land classification and ownership systems. With more than 7,000 land-use types and nearly 3,000 forms of land ownership rooted in colonial-era laws, the administration is now streamlining these into 27 use categories and a simplified set of ownership types. This initiative aims to bring transparency, legal clarity, and administrative efficiency. Additional reforms, including updated property conversion fees, new urban planning regulations, and legal safeguards for SC/ST land rights, complement this overhaul. The state is also repealing obsolete statutes and responding to recent judicial guidance on land titles.Read more

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Jaipur Land Scam: Man arrested for duping 151 buyers in forged land sale scam

A major land scam has been uncovered in Jaipur, where 62-year-old Jagdish Narayan Sharma was arrested for defrauding 151 people by selling illegal plots using forged lease documents. The fraudulent sales took place in an unauthorised colony Parshvanath Enclave Extension in Sanganer under the guise of a legitimate housing society. The matter came to light when an 82-year-old victim reported the scam after realising the land he purchased in 2005 was still occupied by farmers. Sharma is accused of evading arrest for years and using political influence to silence victims. Police confirmed his arrest is part of a wider crackdown on land mafia activity.Read more

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Surat: SMC orders evacuation of 151 flats over missing building safety certificates

The Surat Municipal Corporation (SMC) has issued a strict order targeting 151 apartments across three societies�Casa Riviera, KPM Terra, and Celestial Dreams�for lacking valid Building Use Certificates (BUCs). These high-rises reportedly violate safety norms and height regulations set by the Airports Authority of India (AAI), with action intensified after a recent aircraft crash in Ahmedabad. Residents have been given just three days to vacate, after which water and drainage services will be cut off. BUCs confirm a building�s compliance with safety codes and approved plans, and living without one can pose legal and safety risks. The move underscores SMC�s push for stricter urban safety enforcement near airport zones.Read more

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