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

Bhopal launches Sampada-2 to combine property sale and loan registration in one step

Bhopal is set to roll out a major upgrade to its Sampada 2 platform, allowing homebuyers to register both sale deeds and mortgage documents in a single digital appointment. This eliminates the need for separate visits and streamlines the entire property registration process. Users will receive final documents in PDF format, reducing paperwork and in-person collection. The system will auto-link sale and loan records, with future plans for Aadhaar-based eKYC and digital payments. Part of a wider national move toward digitised land records, this reform supports faster, transparent transactions and benefits buyers, banks, and real estate developers alike.Read more

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Ghaziabad court orders bank to compensate for lost home loan documents

A consumer forum in Ghaziabad has held a cooperative bank liable for losing a borrower's original property documents despite full loan repayment. The documents went missing during the bank's branch relocation from Ghaziabad to Noida. The borrower, who sought the return of his papers much later, was told they were untraceable. The commission has directed the bank to pay INR 25,000 for mental distress and INR 5,000 for litigation expenses. The bank must also assist in obtaining certified copies of the lost deed. This case reflects increasing regulatory pressure on lenders to maintain stringent safeguards over customer documents.Read more

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Lake loss in Ahmedabad sparks legal action as NGT probes flawed town planning

Ahmedabad's urban lakes are under threat, as outdated planning schemes by AUDA have led to the loss of significant waterbody areas. Early town planning models applied uniform land deductions even on lake beds, shrinking lakes in areas like Bopal, Vastrapur, Thaltej, and Memnagar. Vastrapur Lake alone lost over 22,000 sq m. Merged land parcels and unclear boundaries have triggered ownership disputes and complicated restoration. Despite AMC's updated planning norms, older legally binding maps have caused irreversible damage. A Gujarat government report noted a 46% decline in lake areas due to construction and encroachment. The National Green Tribunal has launched formal proceedings to address the crisis.Read more

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Chennai Master Plan 3.0: Taller buildings, smarter transit, greener infrastructure

The Chennai Metropolitan Development Authority (CMDA) has released its third master plan, introducing higher Floor Space Index (FSI) allowances near transport corridors to promote vertical, transit-oriented development. This move aims to curb urban sprawl and support compact, sustainable growth across the newly expanded Chennai Metropolitan Area. The plan includes a phased rollout of FSI norms, tied to infrastructure upgrades in roads, water, sewage, and public transit. Built on extensive stakeholder input, it emphasises inclusivity, accountability, and performance monitoring. Key features include TOD zones, walkable neighbourhoods, blue-green infrastructure, and satellite town development-signalling a bold shift toward smarter urban planning and climate resilience.Read more

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Draft Master Plan 2041 for Vizag region nears final stage after extensive public input

The Visakhapatnam Metropolitan Region Development Authority (VMRDA) concluded its final public consultations for the Draft Master Plan-2041 after extensive stakeholder engagement across Visakhapatnam, Anakapalli, and Vizianagaram. Concerns over potential land-use favoritism prompted a deadline extension and the formation of a technical committee to review feedback. Spanning 6,700 sq km, the plan includes key infrastructure like Vizag Metro, Bhogapuram Airport, and the Visakhapatnam-Chennai Industrial Corridor. It also proposes transit-oriented zones, slum upgrades, and smart infrastructure. Focused on sustainable, inclusive development, the plan aims to balance growth with environmental protection and decentralised urban expansion across the fast-growing coastal region.Read more

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Mohali: Residents of Parkview RWA take over maintenance after court order

A local court ordered the immediate transfer of maintenance duties at Parkview Residences in Mohali's Sector 66 to its Resident Welfare Association (RWA). The judgment followed ongoing allegations against the developer and its agency for imposing inflated maintenance charges, obstructing RWA elections, and disrupting basic services. Despite all units being sold, the developer had continued to exert control through a private firm. The court found these actions coercive and unlawful under the Punjab Apartment Ownership Act.Read more

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Top officials meet to refine and fast-track Delhi Master Plan 2041

Union Home Minister Shri Amit Shah recently led a high-level review of the Delhi Master Plan 2041, bringing together key officials including Delhi CM Smt Rekha Gupta and Union Housing Minister Shri Manohar Lal Khattar. The meeting focused on finalising the city's long-term development strategy, which aims to make Delhi more inclusive, green, and well-connected. Key issues discussed included slum redevelopment, regularising unauthorised colonies, managing Yamuna floodplains, and expanding public transport. The draft plan, submitted in April 2023, still awaits central notification. Once cleared, it's expected to guide structured urban growth and reshape how Delhi evolves over the next two decades.Read more

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Jewels County project under fire as RERA cracks down on non-compliance

Telangana RERA has penalised Ashritha Group with a fine of INR 3 lakh after two homebuyers complained about irregularities in its "Jewels County" project in Jubilee Hills, Hyderabad. The buyers alleged the builder failed to register their flats or issue receipts and threatened to cancel agreements without valid reasons. RERA found that despite executing sale agreements, the builder didn't register the units, violating RERA norms. The authority has now ordered Ashritha to complete registrations, subject to payment milestones. This is among several recent actions by RERA, including penalties against developers of "Happy Homes-1", "Aura Velimala Phase-1" and "Shrivari's Brundavanam" for non-compliance and unregistered sales.Read more

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Goa officials push ahead with demolition of dangerous structures in Margao

Two unsafe buildings in Margao, Goa, 'Cabecca de Calconde' and Indira Apartments, are set for demolition after delays. The 'Cabecca de Calconde' building, deemed beyond repair in 2018, has seen its demolition pending over 1.5 years despite a November 2023 collector's order. Recent parapet collapses prompted swift action and a May 27 order for immediate demolition. The PWD has shortlisted agencies, but the demolition depends on the Margao Municipal Council's ability to vacate the remaining occupants.Read more

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Maharashtra CM directs immediate clearance of Maan-Mhalunge town planning scheme amid prolonged delays

Maharashtra's Chief Minister has directed swift clearance of the long-stalled Maan-Mhalunge town planning (TP) scheme, a flagship part of PMRDA's urban masterplan. Proposed in 2018 as a model "farmer-inclusive" initiative, the scheme lets landowners retain 50% of developed plots, avoiding full acquisition. Though four of six planned TP schemes in Hinjewadi have state clearance, final approvals remain pending. Elections and administrative delays have stalled progress and funding use, despite INR 150 crore in allocated support. Additional schemes in Vadachiwadi, Handewadi, Holkarwadi, and Manjari Khurd-Kolwadi are also in limbo. The government is expected to expedite approvals to align with the proposed Pune ring road.Read more

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