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

NKDA intensifies action against unauthorised hotel operations in New Town

NKDA has issued notices to 37 residential buildings in New Town for operating hotels, guest houses and banquet facilities without the required permissions. These properties, spread across Action Area I and II, were found violating rules that allow commercial use of residential units only after obtaining prior approval and meeting safety norms. The authority highlighted concerns related to fire hazards, unapproved building changes and non-compliance with statutory requirements. Earlier this year, NKDA had also taken action against several other unauthorised commercial establishments. A provisional NOC system has now been introduced to regulate limited commercial use.Read more

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Andhra Pradesh clears major solar ingot and wafer plant proposed by ReNew Photovoltaics

Andhra Pradesh's State Investment Promotion Board has cleared a large solar ingot and wafer manufacturing project proposed by ReNew Photovoltaics in Rambilli, Anakapalli district. The subsidiary of ReNew Energy Global PLC plans to invest INR 3,990 crore in a 6 GW greenfield unit designed to reduce India's dependence on imported solar components, especially from China. The facility will be developed on a 140-acre site supported under the Government of India's PLI scheme for solar manufacturing. The project is scheduled for completion by March 2026, with commercial production expected by January 2028.Read more

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Andhra Pradesh clears second land-pooling phase to add 16,600+ acres for Amaravati

The Andhra Pradesh Cabinet has approved the second phase of land pooling for Amaravati, allowing the APCRDA to assemble 16,666.57 acres from seven villages. The newly pooled land will support key infrastructure, including an inner ring road, a new railway station with tracks, and an international-standard sports city. Officials also noted that future plans may include an international airport and smart-industry zones. Under the land-pooling model, farmers who contribute land receive developed residential or commercial plots in return, with some government land also being integrated. This phase builds on earlier rounds and forms part of the broader vision to develop Amaravati into a modern, well-planned capital region.Read more

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H-RERA orders Chintels Paradiso builder to refund INR 1.7 cr with interest to homebuyer

H-RERA has ruled in favour of a homebuyer who booked a flat in Chintels Paradiso, Sector 109, Gurugram, where part of the project collapsed in February 2022 and the unit in Tower H was never delivered. The buyer, who filed a complaint in 2023, will receive a refund of about INR 1.705 crore with 10.85% annual interest from the valuation date until payment. The authority also awarded INR 2 lakh for mental distress and INR 50,000 in litigation costs. The order emphasises that when a project becomes unsafe and possession is not granted, developers remain liable under RERA, ensuring meaningful restitution for affected homebuyers.Read more

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Tamil Nadu to map entire state with high-resolution satellite imagery for land reforms

Tamil Nadu's Directorate of Survey and Settlement has invited proposals for high-resolution satellite imagery covering about 1.3 lakh sq km, aiming to modernise the state's land-record system. The 30-cm imagery will be integrated into the Tamil Nadu GIS platform, enabling a shift from traditional 2D maps to precise geospatial maps with latitude-longitude accuracy. Officials say this will reduce boundary disputes, improve urban mapping and support faster patta transfers, subdivision approvals, and land-use reclassification. It will also help detect encroachments and strengthen planning, environmental monitoring and disaster management. The initiative complements Tamil Nadu's recent push to digitise land administration and provide easier online access to land records.Read more

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Mumbai developer booked for cheating investors of INR 31 cr in Jogeshwari project

Mumbai-based Ranbir Real Estate Developers LLP and its directors Jaykumar Gupta and Suyash Gupta are under investigation for allegedly cheating 19 investors of around INR 31?crore. Investors, including family members of a 71-year-old complainant, were promised 18?per cent annual returns on a Jogeshwari East redevelopment project between 2021 and 2023. While initial interest payments were made, the firm stopped payouts after September 2024, and the principal was not returned. The case is now with the Economic Offences Wing of Mumbai Police under criminal sections including cheating and breach of trust.Read more

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Andhra Pradesh allots 480 acres to Adani Infra for 1 GW AI data centres

The Andhra Pradesh government has approved the transfer of 480 acres in Visakhapatnam and Anakapalli districts to Adani Infra (India) for building a 1 GW AI data centre campus under Google backed Raiden Infotech. The project involves an investment of around INR 87,500 crore and state incentives of roughly INR 22,000 crore. Only Adani Infra has been granted the land, despite multiple notified partners being associated. The facility is planned to meet global data-centre standards and is set to draw very substantial power when operational.Read more

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BAF pushes for modern apartment law to fix conveyance, governance and redevelopment issues

The Bangalore Apartments Federation (BAF), representing over 1,400 RWAs, has urged the State government to introduce the Karnataka Apartment Ownership and Management Act (KAOMA) in the upcoming Belagavi session. BAF says the outdated 1972 Act no longer meets the needs of Bengaluru's growing apartment communities, leaving many homeowners in a 'legal vacuum.' The proposed law seeks clear transfer of ownership and UDS from builders to buyers, defined rules for forming and running owners' associations, and time-bound mechanisms to resolve disputes on conveyance, maintenance and redevelopment. With no dedicated authority for grievance redressal today, BAF says KAOMA is essential to provide clarity, protect owners' rights and modernise apartment governance across Karnataka.Read more

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Government updates highway contract rules to reduce risks for private investors

The government has updated its highway contract rules to make toll-based projects more secure for private investors and lenders. The new framework introduces revenue support when traffic stays below projections, extensions in toll-collection periods to offset demand shortfalls, and reductions in tolling periods when traffic exceeds expected levels. It also allows project buyback if a road becomes over-utilised and ensures debt repayment through concessionaire substitution in case of default. These changes aim to reduce demand-related risks and revive private participation in national highway development.Read more

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Jaipur issues sealing notice for illegal renovation of heritage building in Walled City

Jaipur's municipal heritage wing has issued a three-month sealing order for an old building in the Walled City's Chaura Rasta after discovering renovation work being carried out without mandatory approval. The action, taken under the JMC Act 2009, has also restricted access to adjoining shops. Officials reiterated that any repair, alteration or facade change to heritage structures requires prior clearance from the heritage-conservation cell, and violations can lead to sealing or even demolition. The move comes amid growing concern over unauthorised construction and structural modifications across the Walled City. Authorities say the latest action reflects a renewed push to safeguard heritage and improve regulatory compliance.Read more

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