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

Navsari civic body cracks down on illegal construction across the city

The Navsari Municipal Corporation has launched a large-scale enforcement drive against unauthorised construction, following inspections at nearly 200 under-construction sites. Of these, 40 were found lacking the required permissions. Owners have been served notices and instructed to submit sanctioned building plans, layout drawings, survey records and 7/12 extracts within five days. Non-compliance may result in demolition or legal action. This is the first major regulatory step since Navsari's elevation to municipal corporation status and comes as the city prepares for its ward elections.Read more

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Virar tragedy: Woman, toddler killed as apartment block caves in

A mother and her toddler daughter were killed and nine others were injured after a portion of an "illegal" four-storey building collapsed onto an adjacent chawl in Virar, Maharashtra, early Wednesday morning. The tragedy, which occurred around 12:05 am, has left an estimated six to seven people feared trapped under the debris. The Ramabai Apartment, constructed in 2012 with 50 flats, lost a section containing 12 apartments. Rescue operations are still underway, highlighting the ongoing risks associated with unauthorized and dilapidated structures in the region.Read more

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Bombay High Court directs statewide action against unsafe construction

The Bombay High Court has instructed all municipal corporations across Maharashtra to immediately halt work and initiate legal action against builders found in violation of new safety norms. The court's directive follows a series of fatal accidents, including one where a rod fell from a metro construction site, and aims to enforce stringent safety protocols for high-rise buildings. The new measures, part of a report from an expert committee, are now a mandatory condition for all future building permissions, making any breach a civil and criminal offense punishable by law. This decisive action is a critical step to ensure public safety.Read more

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CCI grants in-principle nod to Adani's bid for debt-laden Jaiprakash Associates

The Competition Commission of India (CCI) has granted in-principle approval to Adani Group's proposal to acquire debt-laden Jaiprakash Associates Ltd (JAL), subject to the group securing a bid in the ongoing insolvency resolution process. The clearance comes following a Supreme Court ruling mandating competition watchdog approval before any resolution plan is put to vote by creditors. Alongside Adani, Dalmia Bharat has also secured regulatory approval, while several other companies, including Vedanta Group, Jindal Power, and PNC Infratech, have applied for permission to submit their respective plans.Read more

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UP RERA launches weekly RERA Samvaad to tackle homebuyer grievances

UP RERA has launched a weekly initiative called RERA Samvaad to interact directly with homebuyers and address their concerns over delayed possession, pending complaints, and legal remedies. The regulator stated that complaints will be treated with priority and strict action will be taken against non-compliant developers. Scheduled every Saturday, the initiative seeks to build greater transparency, accountability, and consumer trust in the real estate sector.Read more

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Panchkula authorities demolish illegal constructions in Barona Khud village

The Panchkula District Town Planner, along with senior officials and police support, carried out a large-scale demolition drive in Barona Khud village, Tehsil Raipur Rani, where 15 unauthorised damp proof course structures were removed. Notices had already been issued to violators, but as they ignored the directives, officials proceeded with direct enforcement. Authorities have made it clear that no development is permissible without prior approval from the Director of the Town and Country Planning Department, Haryana.Read more

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Kerala High Court reviews NIT recommendations for LIFE Mission housing

The LIFE Mission housing project in Wadakkancherry, Kerala, faced delays and poor construction quality. NIT Kozhikode has recommended structural repairs and retrofitting to make the existing buildings usable. The Kerala government has submitted this report to the High Court, which will decide on the project's next steps. The outcome will determine whether construction can resume and the housing can be delivered to the 140 beneficiary families.Read more

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Chamarajanagar ZP identifies over 35,000 houseless families in 2024-25 survey

Chamarajanagar Zilla Panchayat's 2024-25 housing survey uncovered 35,050 houseless families and 4,471 site-less families across the district. Conducted using GPS verification and physical site inspections, the survey found the highest numbers in Chamarajanagar and Gundlupet taluks. The findings also highlighted social distribution, including Scheduled Castes and Tribes. Families without sites face challenges in constructing homes despite prior allotments. The Panchayat has recommended government-backed housing schemes for these families, awaiting state-level approval.Read more

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Kolkata civic body to monitor structural health of reconstructed homes amid metro concerns

The Kolkata Municipal Corporation has decided to monitor reconstructed houses in Durga Pituri Lane and nearby areas for ten years to address concerns about possible damage caused by metro operations. The move comes after residents expressed fears of recurring structural failures, while councillors urged the creation of a dedicated monitoring cell and experts from Jadavpur University were brought in to ensure construction quality and safety.Read more

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Manesar Municipal Corporation to charge property owners for cleaning vacant plots

The Municipal Corporation of Manesar (MCM) will now charge property owners for the cost of cleaning their vacant lots or private premises if garbage is found to have accumulated there. This new measure, which is being taken under Section 274 of the Haryana Municipal Corporation Act, 1994, is intended to improve sanitation and public health. MCM commissioner Ayush Sinha stated that this move will not only promote cleanliness but also make the public aware of their responsibilities. The MCM has also resumed its door-to-door waste collection service after a two-year hiatus.Read more

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