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

Punjab cancels CLU for Mohali project after forged documents found

The Punjab government cancelled part of a developer's CLU in Mohali after discovering forged documents that included land from Drari village. The decision affects about 1.3 acres and leaves roughly 200 investors, who had invested around INR 250 crore, in a state of uncertainty. Despite investing six years ago, they have not received property possession or completed infrastructure. The developer has remained unresponsive, while investors seek intervention from the state government or GMADA to ensure project completion.Read more

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Uttarakhand limits homestay scheme to permanent residents to prevent misuse

Uttarakhand's tourism department has announced that its homestay scheme will now be limited to permanent state residents to prevent misuse by non-resident operators. The scheme, meant to support local families and showcase Uttarakhand's culture, has been exploited by outsiders registering residential properties as homestays while running them as commercial businesses. Proposed amendments to the Uttarakhand Tourism and Travel Business Registration Regulations 2014 include tax exemptions, a five-year registration period, stricter monitoring, and penalties for non-compliance. Over five thousand homestays are currently registered in the state.Read more

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UP-RERA empowers homebuyers to expose fund diversion

UP-RERA has introduced a portal feature that allows homebuyers to directly report developers diverting payments to unauthorised accounts. The authority has underlined that all transactions must pass through the designated collection account, with a fixed portion automatically routed to an escrow account for project development. Alongside this move, a new real estate agent training programme has been launched to promote transparency and accurate buyer guidance, reinforcing stronger accountability in the state's property market.Read more

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Drone survey finds 3,000 illegal structures in Jaipur's Walled City

After a building collapse in Jaipur's Walled City that killed two people, the Heritage wing of the Jaipur Municipal Corporation (JMC-H) has issued eviction notices to 23 building owners in Kishanpole zone and demolished a part of the collapsed structure in Subhash Chowk. Temporary shelters have also been arranged for displaced families. The action follows repeated safety warnings and highlights concerns over old buildings, unauthorized structures, and the need for better monitoring in heritage areas.Read more

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Nagpur to launch dignified housing project for sanitation workers under Ambedkar Awas Yojana

Nagpur Municipal Corporation is set to launch a housing project under the Dr. Babasaheb Ambedkar Awas Yojana, providing 392 two-bedroom flats of 500 sq. ft. each for sanitation workers at Mauja Nari. The INR 93 crore initiative has received DPR approval, with bhoomipuja expected soon. Alongside housing, the state has introduced reforms allowing educated children of sanitation workers to pursue jobs beyond sanitation roles. A COVID-19 memorial will also honor workers who lost their lives during the pandemic. Efforts are underway to regularize 4,407 sanitation workers before Diwali, supported by a new facial recognition attendance system to enhance monitoring.Read more

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Telangana RERA fines Jubilee Hills Housing Society INR 18.5 lakh for unapproved project

The Telangana Real Estate Regulatory Authority (RERA) imposed a fine of INR 18.5 lakh on Jubilee Hills Co-operative House Building Society Ltd for launching the 'Jubilee Hills Phase IV' project without required registration. The society had collected around INR 90 crore from roughly 1,800 members, linking membership to flat purchases. The project lacked necessary approvals from both RERA and the Hyderabad Metropolitan Development Authority (HMDA). The decision follows a complaint by a society member, highlighting regulatory violations and unauthorized project promotion.Read more

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Goa GIDC seeks to double FAR for new IT park to attract tech companies

The Goa Industrial Development Corporation (GIDC) has proposed doubling the Floor Area Ratio (FAR) from 150 to 300 for its upcoming 'Hello World' IT Park in Verna. Spread over 4 lakh square meters, the park will include seven plots for IT companies and areas for a business hotel, hostel, and other utility services. The move is aimed at making the project financially viable and appealing to developers, while leveraging Verna's connectivity, infrastructure, and proximity to Goa International Airport. This development could position the park as a major technology hub in the state.Read more

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Odisha Cabinet approves INR 8,179 crore investment for new city near Bhubaneswar

The Odisha Cabinet has cleared the development of a new city near Bhubaneswar, spanning roughly 800 acres across Gothapatna, Malipada, and Daspur. With an estimated investment of INR 8,179 crore over 15 years, the project aims to establish a multi-economic growth zone in line with the 'Viksit Odisha 2036' vision. The city will integrate residential, commercial, and institutional spaces, prioritize public transport, affordable housing, and incorporate advanced infrastructure, innovation hubs, and green spaces. The Bhubaneswar Development Authority will oversee its planning and implementation.Read more

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MDDA takes action against illegal plotting across over 150 bighas in Dehradun region

The Mussoorie Dehradun Development Authority (MDDA) has intensified its efforts to curb illegal land activities in the Dehradun region. In the past month, the authority reclaimed over 150 bighas of illegally plotted land and sealed numerous unauthorized multi-storey buildings. The crackdown focused on areas such as Bhaniyawala, Haridwar Bypass Road, and Rishikesh. MDDA officials have emphasized the importance of adhering to legal procedures and have advised the public to verify land ownership and approvals before purchasing plots.Read more

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Navi Mumbai civic body demolishes illegal structures in Airoli and Koparkhairane

The Navi Mumbai Municipal Corporation (NMMC) carried out demolition drives in Airoli and Koparkhairane after occupants ignored earlier notices against unauthorised constructions. In Airoli, illegal work on three Sector 2 plots by Nitin Vaman Nagral was razed, with officials also collecting a INR 75,000 penalty. In Koparkhairane, partial demolition was undertaken at House No. 366, owned by Hemchandra Dhondiram Mhatre, along with a INR 15,000 fine. Both operations, supervised by senior civic officials and supported by police, used heavy equipment and labour teams. The civic body has warned that similar anti-encroachment actions will intensify, aiming to enforce planning laws and curb unauthorised development.Read more

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