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 High Court clears Adani-MHADA's INR 21,000 crore Motilal Nagar redevelopment

The Bombay High Court recently dismissed a review petition filed by the Motilal Nagar Vikas Samiti, thereby clearing the way for the substantial redevelopment of 141 acres of MHADA land in Goregaon West, Mumbai. Adani Realty has been appointed as the Consultant and Development Agency for this project, estimated to cost INR 21,000 crore. The court reaffirmed MHADA's right as the landowner to appoint private developers through competitive bidding. This decision, which follows earlier legal actions over illegal constructions, allows the large-scale housing redevelopment to proceed, with the developer covering costs for transit, rehabilitation, and related amenities for eligible residents.Read more

cover photo

Bombay High Court orders probe into 935 MHADA redevelopment notices, citing misuse

The Bombay High Court has ordered a probe into 935 redevelopment notices issued by MHADA's Mumbai Building Repairs and Reconstruction Board (MBRRB), questioning their legitimacy. The court found that these notices-labeling cessed buildings as dangerous-were based only on visual inspections, without structural assessments. A two-member committee led by retired judges will investigate whether officials acted arbitrarily or with improper motives. The court criticized MHADA's reliance on a December 2024 SOP that allegedly exceeded legal authority. This ruling reinforces property rights and curbs misuse of Section 79A of MHADA guidelines. The case will be reviewed on August 12, with a report due in six months.Read more

cover photo

TMC mandates registration for all construction activity in Yeoor Hills

The Thane Municipal Corporation (TMC) has introduced new rules for transporting construction materials in Yeoor Hills, an environmentally sensitive zone. Under these regulations, a construction permit from TMC's Urban Development Department is now mandatory, and authorized builders must register project details and vehicle information with the forest department. This move aims to curb unauthorized constructions and protect the ecological balance of the hills. The TMC is also taking action against illegal turf and commercial constructions, and has issued notices for noise and firecracker violations, reflecting a broader effort to preserve the sensitive environment of Yeoor Hills.Read more

cover photo

Bombay High Court directs Lonavala civic body to improve infrastructure and protect ecology

The Bombay High Court has directed the Maharashtra government and the Lonavala Municipal Council to take immediate steps to improve civic infrastructure at the popular hill station. This order comes in response to a petition highlighting issues like illegal constructions, traffic congestion, and waste management failures. The court emphasized the need for better roads, drains, footpaths, and streetlights, alongside measures to protect Lonavala's natural environment. This directive aims to address the challenges posed by the unchecked growth of the tourist destination and ensure sustainable development for both residents and visitors.Read more

cover photo

Telangana RERA fines Roy All Diamond Infra INR 4.54 lakh for fraudulent land deal

Telangana RERA has fined Roy All Diamond Infra Developers INR 4.54 lakh for a fraudulent land deal involving a government employee in Hyderabad. The buyer paid INR 9 lakh for a plot in the "Kaasvi E-City" project, only to later discover that the land belonged to another developer and the RERA number was fake. RERA ruled that Nayak, who posed as a partner, misrepresented ownership and ordered a full refund with 11% interest. The authority also initiated a formal probe into the company's promoters. This case highlights growing concerns over misleading ads and fake RERA claims in Telangana's real estate market.Read more

cover photo

New Lucknow policy links property tax with waste fee, offers 10% online discount

The Lucknow Municipal Corporation (LMC) has revised its waste collection charges, linking them to property tax records-INR 50/month for homes taxed up to INR 5,000 annually and INR 100 for higher-taxed properties. This citywide charge applies even in areas where LMC collection is irregular or absent, prompting criticism from residents in zones like Chinhat and Gomtinagar who already pay private collectors. While LMC claims the move enhances transparency and funds long-term improvements, locals call it unfair. This is the first update since 2017 and offers relief to 40% of lower-taxed households. Payments are mandatory, with a 10% discount for advance online payments.Read more

cover photo

Odisha RERA sets up new CDR cell to resolve property disputes

The Odisha Real Estate Regulatory Authority has rolled out a Conciliation and Dispute Resolution (CDR) cell to help homebuyers and promoters resolve disputes without going to court. This new body, backed by all necessary government approval received in the past week, brings together ORERA officials, a legal consultant, and representatives from both developers and buyer associations. Allottees' associations registered under the recent Apartment Ownership law are asked to nominate representatives by the end of this month. Experts say this should shorten dispute timelines and conserve resources. This initiative dovetails with broader reforms aimed at strengthening protections for Odisha's homebuyers.Read more

cover photo

Maharashtra repeals Tukde Bandi law, paving way to legalise gunthewari plots

The Maharashtra government has repealed the 'Tukde Bandi' law, a move expected to benefit thousands of property owners across the state, particularly in Pune, by allowing the regularization of "gunthewari" properties. This decision means land divisions up to one guntha (1,089 sq ft) made before January 1, 2025, can now be regularized, enabling owners to secure property registration and building permits. While the move brings hope for long-awaited property rights, concerns remain over the high regularization charges under the new scheme, which are significantly higher than previous costs, even as the state forms a committee to oversee implementation.Read more

cover photo

Consumer panel directs real estate firm to refund INR 25 lakh with interest

The Ranga Reddy District Consumer Commission has ruled in favor of buyers in two real estate disputes, reinforcing builder accountability. In one case, Rajitha Guduru was awarded a refund of INR 25 lakh with 9% interest after a firm failed to deliver promised returns on undivided land shares. In another, a couple was granted possession of a flat in Narsingi, plus INR 50,000 in compensation, after developers delayed handover despite a INR 36.9 lakh payment. Both cases highlight the importance of transparency and timely delivery. The rulings underline the powers granted under the Consumer Protection Act, 2019 to protect homebuyers.Read more

cover photo

MHADA goes digital with 1.5 crore public records to boost transparency

MHADA has made 1.5 crore official documents publicly accessible on its website, aiming to boost transparency in Maharashtra's housing sector. Announced in April 2025, the move includes circulars, tenders, office orders, approvals, and internal remarks-organized department-wise. Sensitive records, such as those related to housing lotteries, remain restricted. Vice President and CEO Sanjeev Jaiswal confirmed strict safeguards: documents cannot be downloaded or screenshotted, and users must state a reason to view files. All access is logged to ensure accountability. This initiative marks a major step in promoting open governance and improving public access to information in the state's housing development processes.Read more

cover photo