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

Paratus Real Estates told to pay 50% penalty before appeal: HC

The Uttarakhand High Court has upheld a RERA order requiring Paratus Real Estates to deposit half of the penalty amount before filing its appeal, rejecting the promoter's request to limit the deposit to thirty per cent. The order followed RERA Dehradun's directive to refund two homebuyers with accrued interest for delays in project delivery. The court clarified that the legislation must be interpreted strictly to safeguard consumer rights, thereby reinforcing the accountability of real estate developers under Indian regulatory law.Read more

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Goa government to regularise 20-Point Programme housing plots for weaker sections

The Goa government has decided to regularise residential plots allotted under the 20-Point Programme for economically weaker sections. District collectors in North and South Goa are now authorised to issue Class I sanads directly, simplifying the process for beneficiaries. Plots with dwellings will be converted to Class I occupancy after payment of a premium, while vacant or unutilised plots will revert to the government. This move addresses longstanding challenges related to legal clearances, occupancy classification, and access to financial assistance for allottees.Read more

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Haryana RERA orders refund after delayed flat possession

The Haryana Real Estate Regulatory Authority (HRERA) has directed Sarv Realtors to return INR 41.6 lakh with 11.1 percent interest to a couple who were denied timely possession of a 3BHK flat in Supertech Hues, Sector-68. The property was booked in 2014 under a possession-linked plan, with delivery due by 2017, yet the project remained incomplete well beyond the contractual deadline.Read more

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Lucknow Development Authority enables digital building map NOCs via WhatsApp

Lucknow Development Authority (LDA) has introduced a digital system so that applicants seeking Building Map No Objection Certificates can receive them through WhatsApp. The new arrangement uses the authority's Enterprise Resource Planning system to coordinate approvals and communicate with multiple departments, reducing traditional delays. Alongside this, the LDA has digitised land use verification, enabling prospective land buyers in Lucknow to check land status online by submitting relevant documents and location data.Read more

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Supreme Court settles long dispute over borrower rights in property auctions

The Supreme Court of India has ruled that borrowers lose their right to redeem mortgaged property once an auction notice is published under Section 13(8) of the SARFAESI Act. The Court clarified that this rule applies even to loans taken before the 2016 amendment, if the default happened after September 2016. The judgment addressed confusion created by conflicting provisions in the Act and its Rules. It overturned a Madras High Court order in the KPK Oils and Proteins India Pvt Ltd case, while also asking the government to review inconsistencies in the law to avoid further disputes.Read more

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Maharashtra to fast-track land rights for 40,000 Bengali families in Gadchiroli

Maharashtra Revenue Minister Chandrashekhar Bawankule has announced that land ownership rights for nearly 40,000 Bengali families in Gadchiroli will be expedited. Descendants of refugees from East Pakistan, these families have faced decades-long delays in securing legal ownership. To fast-track the process, drone-based surveys will be used for accurate mapping, and private workers will be hired to address manpower shortages in the land records department. A Lok Adalat is also being set up to resolve disputes over encroachments and record mismatches. The minister said the initiative combines welfare and efficiency, aiming to deliver long-pending property rights while modernising land management in the district.Read more

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ED raids Imperial Group over suspected undeclared overseas assets

The Enforcement Directorate has carried out raids on multiple premises linked to Imperial Group, its chairman, his wife and associates, following allegations of undisclosed foreign assets and unreported overseas investments. Investigators reportedly found links to holdings in Singapore, Dubai, Thailand and the British Virgin Islands, along with cash transactions linked to a luxury real estate project. Authorities estimate the undeclared overseas assets to be worth more than INR 80 crore.Read more

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Lucknow Development Authority clears illegal structures in Gomtinagar Extension

The Lucknow Development Authority (LDA) carried out a demolition drive in Gomtinagar Extension, removing around 18 illegal constructions on land acquired in 2000 under the Amar Shaheed Path-Gomtinagar Extension scheme. Spanning approximately 10,500 sq meters and valued at about INR 150 crore, the encroached land had buildings on Khasra numbers 406, 407, 408, and 409 in Sector 6. Despite resistance from occupants, the operation was completed successfully. The reclaimed area is now being planned for residential and commercial development, with proposals under review by the LDA planning section.Read more

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NMMC intensifies demolition drive against illegal construction in Koparkhairane

Navi Mumbai Municipal Corporation (NMMC) carried out a demolition drive in the Koparkhairane division after property owners ignored prior notices. The operation, led under the directives of Municipal Commissioner Dr Kailas Shinde and senior officials, targeted unauthorised construction linked to Rajpal Hospital in Sector 10. A partial demolition was conducted, and a penalty of INR 50,000 was imposed. The civic body emphasised that strict action against unauthorised developments would continue across the city.Read more

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Navi Mumbai civic body issues fresh directives for pet dog owners amid rising concerns

The Navi Mumbai Municipal Corporation (NMMC) has issued fresh directives for pet dog owners, reminding them of licensing requirements, mandatory vaccination, and responsible handling while in public spaces. The move comes in the backdrop of complaints regarding aggressive dog breeds and rising incidents of stray dog-related issues. NMMC also reiterated compliance with Supreme Court and Animal Welfare Board guidelines, warning that failure to adhere would attract penalties.Read more

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