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

Madras High Court orders detailed action plan for Madurai property tax audit

The Madras High Court has ordered a citywide audit of property tax assessments in Madurai following a public interest litigation (PIL) that has exposed a massive INR 200 crore property tax scam. The court has also directed the formation of special teams to verify the correctness of all assessments. This action comes, as a Special Investigation Team (SIT) is already probing the scam, which allegedly involves the undervaluation of properties by officials, political figures, and the manipulation of the online tax system.Read more

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Gujarat RERA seeks state intervention to revive stalled World Trade Centre project at GIFT City

The Gujarat Real Estate Regulatory Authority (GujRERA) has appealed to the state Urban Development Department (UDD) for assistance in completing the halted World Trade Centre (WTC) project at GIFT City. The project, initiated in 2014-15, aimed to construct four towers; however, only two were completed before construction ceased. The project's promoter was arrested by the Enforcement Directorate on charges of real estate fraud, leaving investors' funds locked. The association of allottees has expressed its inability to complete the project, prompting GujRERA's request for state intervention. This marks the first instance of GujRERA seeking such intervention for a stalled project.Read more

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Delhi HC issues summons to CRE Matrix in PropEquity data theft case

In a lawsuit alleging data theft, the Delhi High Court has summoned the directors of real estate analytics firm Bhugol Analytics Private Limited (CRE Matrix) to respond to a plea by its rival, PE Analytics Limited (PropEquity). PropEquity claims that CRE Matrix stole its primary real estate data and unethically hired former employees in violation of their non-compete clauses. The firm, which has also filed a police complaint with the Gurugram cyber crime branch, is seeking a permanent injunction and INR 8 crore in damages for the alleged intellectual property theft.Read more

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Delhi Consumer Forum orders builder to pay INR 5.5 lakh for flat delay

The Delhi State Consumer Disputes Redressal Commission has ordered Parsvnath Developers to pay INR 5.5 lakh in compensation to a homebuyer for a significant delay in delivering a flat. The ruling, which references a Supreme Court precedent, highlights the developer's failure to meet its contractual obligations and holds it accountable for deficiency in service and unfair trade practices. The commission's decision not only awards compensation but also mandates the immediate handover of the flat.Read more

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Maharashtra Minister orders halt on house demolitions during Ganesh festival

Maharashtra Revenue Minister Chandrashekhar Bawankule has directed the Brihanmumbai Municipal Corporation (BMC) to suspend demolition drives and cease issuing notices regarding unauthorized constructions in North Mumbai until the conclusion of the Ganesh festival. The decision aims to alleviate public anxiety during the festive period. However, the minister emphasized that individuals involved in creating fraudulent construction documents would face strict legal action.Read more

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HYDRAA reclaims INR 400 crore land in Madhapur after decade-long encroachment

The Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) has reclaimed 16,000 sq yards of prime government land worth about INR 400 crore in Madhapur, near the Hitex arch. The land, encroached for over a decade, included parks and road areas from a 22.2-acre layout approved in 1995 and later regularized. Acting on citizen complaints via its Prajavani platform, HYDRAA cleared illegal structures, including a restaurant and hoardings, freeing two public parks, 5,000 sq yards of road, and additional government land. Fencing and signage have been installed to prevent re-encroachment, while a police case has been filed against the main offender.Read more

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DTCP issues show-cause notice to Experion Developers and Windchants RWA for layout violations in Gurugram

The Department of Town and Country Planning (DTCP) in Gurugram has issued a show-cause notice to Experion Developers Pvt Ltd and the Windchants Condominium RWA for violating the approved layout plan. Key issues include converting fire tender paths into green areas and selling setback land meant to remain vacant. The DTCP has asked both the developer and the RWA to correct the violations and submit a detailed explanation along with relevant documents by early September, warning that non-compliance could trigger legal action and licence cancellations.Read more

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Noida administration bans construction near Jewar Airport without NOC

The Gautam Buddh Nagar district administration has made it mandatory to obtain a no-objection certificate (NOC) before carrying out any construction or development within a 20-kilometre radius of the upcoming Noida International Airport in Jewar. Officials have warned of strict action against violations, while also stressing the need for measures to prevent waterlogging, restrict the movement of stray animals and birds, and completely ban drones and lasers near the site. Committees linked to airport safety and emergency response have been directed to improve coordination, as the project heads towards its first phase of operations later this year.Read more

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Karnataka High Court orders statewide GIS land mapping initiative

The Karnataka High Court has ordered the state government to create a unified Geographic Information System (GIS) platform to digitally map all land parcels and forest boundaries. The new system will use high-resolution satellite imagery from organizations like the Forest Survey of India (FSI) and the Indian Space Research Organisation (ISRO). This platform is intended to streamline land applications, prevent the registration of parcels involved in disputes, and help resolve conflicts between government departments.Read more

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Jaipur Development Authority goes digital with new lease platform

In a major push for transparency and efficiency, the Jaipur Development Authority (JDA) has launched a fully digital and paperless system for the issuance of leases and lease deeds. The new online platform allows citizens to complete the entire process from home, utilizing Aadhaar-based e-KYC and digital signatures. This initiative is aimed at streamlining services and eliminating the need for in-person visits to the JDA office, making the authority's services more accessible to the public.Read more

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