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

Telangana RERA fines developers for project delays and orders refunds with interest

The Telangana Real Estate Regulatory Authority (TGRERA) recently took action against three developers for failing to complete projects on time and violating provisions of the Real Estate (Regulation and Development) Act. The penalties include fines, directives to refund homebuyers with interest for unstarted projects, and orders to execute pending sale deeds for delayed possessions. These cases involved projects in Gopanpally, Ramachandrapuram, and Boduppal. The authority's steps highlight its focus on protecting consumers and enforcing strict compliance in Telangana's real estate sector.Read more

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Uttar Pradesh urban local bodies to gain authority for building map approvals

Uttar Pradesh is empowering its urban local bodies (ULBs) to approve building maps within their jurisdictions, a step aimed at increasing revenue and curbing unplanned construction. Currently, only housing development authorities can approve maps in regulated areas, leaving peripheral municipal areas without oversight, which leads to traffic congestion, encroachments, and safety issues. Discussions are underway to establish a regulatory framework and necessary resources, manpower, and expertise. Implementing building bylaws across 762 ULBs is expected to take around two years, ensuring planned urban growth and infrastructure management.Read more

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YEIDA strengthens action against illegal plot sales near Noida International Airport

The Yamuna Expressway Industrial Development Authority (YEIDA) has intensified efforts to stop illegal land sales near the Noida International Airport, targeting fraudulent township projects that mislead investors. The scams involve offering plots on government or agricultural land, often with forged documents and fake site visits to convince buyers. YEIDA has been demolishing illegal constructions, filing FIRs, and planning a Special Investigation Team (SIT) to tackle the land mafia. The authority is also raising awareness among buyers and monitoring social media platforms to prevent further fraudulent activities.Read more

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Navi Mumbai civic body intensifies crackdown on unauthorised construction in Ghansoli

The Navi Mumbai Municipal Corporation (NMMC) undertook a major demolition drive in Ghansoli after notices issued under the Maharashtra Regional and Town Planning Act, 1966 were ignored by the property owner. Officials stated that despite repeated warnings, construction continued without prior permission. The operation, conducted under the directives of senior civic authorities, involved labourers, breakers, and a gas cutter, with police support present at the site. Authorities have confirmed that similar action will be enforced in future against unauthorised structures.Read more

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Ahmedabad development body to roll out new town planning schemes

The Ahmedabad Urban Development Authority has approved seven new Town Planning (TP) Schemes across satellite villages surrounding the city. The initiative aims to urbanise nearly 1,000 hectares and create land for infrastructure such as roads, while preparing Ahmedabad for upcoming large-scale sporting events. Areas including Saij, Godhavi, Kaneti, Nidhrad and Manipur are among those identified for structured development.Read more

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Maharashtra eases tenant agreement registration under 'One District, One Registration'

The Maharashtra registration department has allowed tenant agreements to be registered at any sub-registrar office within a district, removing the earlier taluka-based restriction. Part of the One District, One Registration scheme, the move aims to speed up leave-and-licence registrations and ease delays caused by uneven workloads. Piloted successfully in Pune, the reform will now cover all 519 sub-registrar offices statewide. Alongside, the government has launched e-Pramaan in Satara, enabling citizens to access digitally signed certified copies of property records online. Together, these measures are set to reduce congestion, enhance transparency, and bring greater efficiency to property-related transactions across Maharashtra.Read more

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Drone-led surveys give rural Andhra families legal land ownership under PM Svamitva Yojana

The PM Svamitva Yojana is helping families in rural Andhra Pradesh gain formal ownership of ancestral lands long held without documents. Using drones and rovers, survey teams are mapping properties in villages and Gram Kantham Abadi areas, creating accurate digital records. Families are receiving legal certificates that resolve boundary disputes and unlock access to credit and financial independence. In phase one, 5.18 lakh parcels were surveyed; the ongoing second phase targets 43.22 lakh properties across 5,850 villages by October 31, with a third phase to cover 45 lakh more. The scheme also boosts panchayat revenues by bringing untaxed properties into the tax net.Read more

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Karnataka rental law update: no jail, bigger fines, quicker settlements

Karnataka has amended its Rent Control Act, 1999, decriminalizing rental disputes while introducing steep fines for violations such as unauthorized subletting, illegal eviction, and failure to register real estate agents. Tenants who sublet properties without consent may face fines up to INR 50,000 or double the rent received. Landlords evicting tenants unlawfully face similar penalties. Real estate agents not registering with rent controllers are now liable for daily fines. The changes, aligning with the Jan Vishwas Act, 2025, empower rent controllers to adjudicate disputes and aim to reduce judicial burden.Read more

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IKEA acquires Manhattan building to open new store and office space

Ingka Group has purchased a 53,000 square feet building in Manhattan's SoHo district for USD 213 million to open a two-story IKEA store, while converting four floors into office space for lease. This acquisition is part of the retailer's USD 2.2 billion U.S. expansion plan announced in 2023. Following previous investments on Manhattan's Fifth Avenue, IKEA is increasingly moving into city centres. The shift from suburban locations to urban spaces aligns with global trends in cities like Paris and London, aiming to reach urban customers directly.Read more

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Cabinet approves doubling of Bakhtiyarpur-Tilaiya rail line in Bihar at a cost of INR 2,192 crore

The Union Cabinet has approved the doubling of the 104 km Bakhtiyarpur-Rajgir-Tilaiya railway line in Bihar with an investment of INR 2,192 crore. The project will enhance rail connectivity, improve service reliability, and boost freight and passenger capacity across four districts. Covering around 1,434 villages and benefitting 13.46 lakh people, the line connects important destinations like Rajgir, Nalanda, and Pawapuri. It also supports freight movement for commodities like coal, cement, clinker, and fly ash, while reducing oil imports and CO? emissions. The initiative aligns with the PM-Gati Shakti plan for integrated infrastructure.Read more

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