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

Bombay HC orders residents to vacate unsafe buildings for redevelopment

The Bombay High Court has directed 11 occupants of four unsafe buildings in Vasai West's Diwan and Sons Housing Enclave to vacate within two weeks, clearing the way for demolition and redevelopment. The Vasai Virar Municipal Corporation had already classified the buildings as dangerous, with a technical advisory committee confirming their poor condition. While 90% of residents supported redevelopment and appointed a builder, 11 opposed the plan. The court ruled that minority objections cannot jeopardize safety or stall majority-backed redevelopment, granting a short Ganpati festival-linked extension. If dissenting occupants fail to vacate, eviction will proceed with police assistance to ensure timely redevelopment.Read more

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Chandigarh Power Company issues disconnection warnings to homes over unsafe construction

Chandigarh Power Distribution Limited (CPDL) has served disconnection notices to more than eight hundred households for unauthorised extensions and encroachments around electrical infrastructure. The company stated that such violations, including protruding balconies, boundary walls and building extensions, are in breach of statutory safety norms and pose severe risks. Homeowners have been directed to remove the offending structures promptly or face disconnection and legal action.Read more

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Haryana RERA orders Agrante Realty to compensate buyers for delayed possession

Haryana RERA has directed Agrante Realty to compensate buyers of its delayed Kavyam affordable housing project, after the developer failed to hand over possession despite collecting nearly the full sale amount. Acting on four complaints, the authority ordered interest payments of 11.1% per annum on sums paid by buyers, effective from the due date of possession until units are delivered. The rate, based on SBI's lending cost plus 2%, reflects market norms. Importantly, the ruling will apply mutatis mutandis to all similar cases, setting a strong precedent for accountability. The decision strengthens homebuyer protections and underscores RERA's role in ensuring timely project delivery.Read more

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Noida high-rise associations protest FIRs over accidents and disputes

More than forty Apartment Owners Associations in Noida staged a collective protest against FIRs filed over accidents and disputes within their housing complexes. They argued that holding associations criminally liable for incidents such as falling planters or quarrels among residents was unjust, as these issues extend beyond their authority. The groups demanded fair investigations and a clear framework of accountability while cautioning that the agitation could intensify without government intervention.Read more

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Supreme Court upholds landowner's right in slum redevelopment case

The Supreme Court on August 22, 2025, upheld a Bombay High Court verdict, ruling that a landowner has the first right among stakeholders to undertake redevelopment in a slum rehabilitation area. The court dismissed an argument from the Maharashtra government and the Slum Rehabilitation Authority (SRA) that the authority should have priority. The court's decision, which quashed a state notification for land acquisition in Mumbai's Kurla area, reaffirms the constitutional protection of ownership rights and sets a key precedent for future redevelopment projects.Read more

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HYDRAA reclaims INR 100 crore Jubilee Hills land after 20 years of encroachment

HYDRAA has reclaimed around 2,000 square yards of land in Jubilee Hills, Hyderabad, valued at nearly INR 100 crore, after a prolonged encroachment dispute. The land, originally designated for community use, had been occupied for over two decades under false documentation. Following a grievance lodged through HYDRAA's Prajavani forum and a High Court ruling, the property was restored for public utility purposes, paving the way for construction of a Deputy Commissioner of Police office.Read more

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Maharashtra extends Nazul land amnesty scheme to include Nagpur and Amravati

The Maharashtra government has extended its special amnesty scheme for residential Nazul land leaseholders in the Nagpur and Amravati divisions for another year, until July 31, 2026. This decision, aimed at benefiting an estimated 5,000 leaseholders in Nagpur alone, allows for the conversion of leased land into freehold ownership. The extension comes after a highly successful period where the state government's revenue surged to INR 24.65 crore in one year under a reduced 2% conversion fee, a significant increase from the INR 9 crore collected over five years at the previous 5% rate. The move is a boon for citizens seeking clear property titles and simplified transactions.Read more

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ED searches BPTP premises in Delhi-NCR over foreign exchange violation case

The Enforcement Directorate (ED) has searched premises linked to real estate company BPTP across the Delhi-NCR region, as part of a foreign exchange violation case involving funds of about INR 500 crore. The probe, launched under the Foreign Exchange Management Act (FEMA), alleges that BPTP received foreign investment from Mauritius-based companies in contravention of the existing rules during 2007-2008. The company's CMD, Kabul Chawla, is also under scrutiny for allegedly holding foreign assets. A BPTP spokesperson stated that the company is fully cooperating with the authorities and is confident its position will be clarified.Read more

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MREAT: MahaRERA cannot extend flat possession dates without buyer consent

The Maharashtra Real Estate Appellate Tribunal (MREAT) has ruled that MahaRERA cannot extend possession deadlines without homebuyers' approval. The ruling followed a case filed by Neha and Nitin Walavalkar, who had been waiting for their flat in the Clan City-Ruby project in Taloja since December 2017. The tribunal rejected the builder's claims of COVID-19 and infrastructure-related delays, directing payment of interest to the Walavalkars from January 2018. This decision reinforces that possession terms in agreements remain binding and cannot be altered unilaterally by regulatory authorities.Read more

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West Bengal distributes 2.26 lakh land deeds to boost housing rights

Since 2011, the West Bengal government has distributed 2.26 lakh land deeds for home construction, along with 1.80 lakh agricultural deeds and 47,000 forest deeds, strengthening land rights for vulnerable communities. Purba Bardhaman district alone has received 28,840 home deeds. The initiative complements the state's Banglar Bari scheme, launched in December 2024, which provides up to INR 1.20 lakh for rural families to build permanent homes. Despite funding hurdles from the Centre and some implementation challenges, the program has advanced housing access. By granting legal, inheritable ownership, the land deeds empower families with stability, collateral for credit, and a path to long-term economic security.Read more

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