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

India plans new law to boost construction equipment industry

India is preparing a new bill aimed at strengthening its construction equipment (CE) industry by reducing dependency on low-cost imports, particularly from China. The industry has shown modest growth, with a 3% rise in equipment sales and a 10% increase in exports last fiscal. Industry leaders are calling for a sharper focus on green fuels, indigenous advanced machinery, and mandatory operator training. With INR 2 lakh crore in projects already awarded and INR 5 lakh crore more expected soon, the sector is set for steady expansion backed by strong infrastructure momentum.Read more

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Gurugram authorities demolish illegal structures in multiple localities

Gurugram's planning authorities have intensified action against illegal colonies and unauthorised structures, demolishing violations in Palam Vihar, Carterpuri, Mubarikpur, and Iqbalpur. In Palam Vihar, a departmental store operating in a stilt parking area was sealed, while Carterpuri saw the removal of illegal boundary walls, roads, and kiosks linked to unauthorised plot sales. Officials are also addressing breaches within licensed housing societies, where some RWAs have altered common areas in violation of the Haryana Apartment Ownership Act. Repeat offenders may face administrator appointments. The crackdown is part of a wider enforcement push, including measures against forest land encroachments and misuse of residential properties.Read more

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Supreme Court clears INR 28,483 crore dues recovery for BSES firms

BSES Yamuna Power Ltd and BSES Rajdhani Power Ltd, subsidiaries of Reliance Infrastructure, are set to recover regulatory dues amounting to INR 28,483 crore following a Supreme Court directive. The order mandates that the recovery process, covering regulatory assets and carrying costs, be completed within a specified timeframe, starting retrospectively from April 2024. The ruling comes after a decade-long legal dispute over non-cost reflective tariffs, unlawful creation of regulatory assets, and delayed liquidation, impacting millions of electricity consumers in Delhi.Read more

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BSES, Tata Power set to recover long-pending dues after SC verdict

Reliance Infrastructure's power distribution arms, BSES Yamuna Power Ltd and BSES Rajdhani Power Ltd, have received Supreme Court approval to recover INR 21,413 crore in regulatory assets over the next four years. This decision came as part of a broader directive where Delhi's three private discoms, including Tata Power Delhi Distribution Ltd, are allowed to recover a total of INR 27,200.37 crore. The court's judgment settles a decade-long dispute, mandating Electricity Regulatory Commissions to not only set recovery roadmaps but also audit the reasons behind the prolonged deferral.Read more

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Bengaluru KRERA order holds landowners liable in utility connection delays

KRERA has ruled that both developers and landowners are jointly responsible for arranging water and sewerage connections in joint development housing projects. The decision follows complaints from 30 homebuyers of a Yelahanka project who had paid for utilities but are still waiting for connections due to non-payment of dues to BWSSB. KRERA also directed both parties to hand over all necessary project documents to the residents' association. The order strengthens buyer rights and holds landowners accountable, even if the power of attorney has been revoked.Read more

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Goa moves to slash stamp duty for property and trust documents

The Goa government has introduced major stamp duty reductions on certain property-related transactions, including mortgage deeds without transfer of possession and trust deeds set up for family or charitable purposes. The proposed amendments aim to reduce financial burden on borrowers and promote formal registration of trusts. This follows earlier incentives offered to cooperative housing societies. The initiative complements ongoing national-level efforts to digitize property registration and strengthen ownership clarity, aligning Goa's reforms with broader real estate modernization across India.Read more

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BDA drops 10% EWS rule for OCs after Karnataka HC ruling

The BDA has addressed a long-standing issue by revising its rules around occupancy certificates that previously required 10% of flats to be allocated for Economically Weaker Sections a mandate the High Court struck down as unconstitutional last year. Homebuyers who'd been stuck in limbo over such certificates can now move forward, with projects like Sobha Arena already receiving corrected OCs. This development ends a frustrating delay that began with a flawed circular, bringing welcome clarity and closure to affected buyers in the city.Read more

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No OC, no fire NOC: Bombay HC orders Tardeo flats to be vacated

The Bombay High Court has granted a final three-week extension to residents occupying the top 18 floors of Willingdon Heights in Tardeo, South Mumbai. These floors have no Occupancy Certificate (OC) or fire No Objection Certificate (NOC), making their occupation illegal. The court allowed the extension solely on humanitarian grounds after the Society cited school-going children and upcoming Jain and Ganesh festivals. The Supreme Court earlier upheld the HC's eviction order and refused to interfere. The residents must now submit an undertaking, failing which the BMC has been authorised to initiate eviction and seal the premises.Read more

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Hyderabad civic body intensifies action on unauthorised buildings

The Greater Hyderabad Municipal Corporation (GHMC) has intensified its crackdown on unauthorised constructions across the city following directives from the Telangana High Court. In recent months, the civic body has issued over 1,500 show-cause notices and demolished more than 200 illegal structures while sealing close to 100 buildings. Major violations include unauthorised floors, deviation from sanctioned plans, and construction without permission, with high-profile localities such as Banjara Hills and Jubilee Hills witnessing the most infractions. Officials have been instructed to seal illegal floors immediately after notices are served.Read more

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Goa extends regularisation deadline for illegal buildings by two more years

The Goa government has extended the deadline for regularising unauthorised constructions by two more years, providing relief to hundreds of property owners across the state. The decision was made earlier this week following mounting requests from citizens who cited delays in documentation and procedural formalities. The scheme, which permits the legalisation of constructions built before a certain cut-off date, had witnessed a sluggish response due to various administrative hurdles. The government stated that the extension would allow affected individuals a fair opportunity to comply with the regularisation process without facing undue penal action or demolition risks.Read more

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