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

Maharashtra puts 'one state one registration' scheme on hold over fraud concerns

Maharashtra's 'one state one registration' scheme, aimed at allowing property registration at any sub-registrar office statewide, has been delayed due to legal and technical concerns. Originally part of a 100-day priority program, the rollout has been paused over risks like impersonation, fraudulent land transfers, and stamp duty evasion. In response, the revenue department has issued strict compliance guidelines and mandated biweekly inspections by district registrars and stamp duty collectors. Until safeguards are in place, the current 'one district one registration' system will continue. The delay highlights persistent challenges in digitalizing property records and ensuring secure, fraud-proof transactions across the state.Read more

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Prayagraj to allow homebuilding on small plots without prior plan approvals

The Uttar Pradesh Cabinet has approved new Building Construction and Development Byelaws 2025 for Prayagraj, removing the need for prior building plan approvals for houses on plots up to 100 square meters. This aims to simplify homebuilding for middle-class families, saving about INR 1.25 lakh in fees. The bylaws also introduce flexible building usage, allowing home-based shops and offices, and ease approvals for larger projects. While not applicable to restricted areas, the changes are expected to boost housing and retail activities, improving city revenue.Read more

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Mumbai SRA begins month-long drive to regularize ownership in stalled slum projects

Mumbai's Slum Rehabilitation Authority (SRA) has launched a month-long campaign to regularize ownership in stalled slum redevelopment projects. This initiative, part of a Maharashtra government amnesty scheme, aims to update Annexure-2 lists with buyers' names for eligibility. The drive addresses delays and legal disputes from unregistered ownership transfers. Ten camps have been set up for residents to submit documents. Buyers of slum buildings before January 1, 2011, are eligible. The campaign seeks to expedite projects and prevent future controversies.Read more

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Tamil Nadu RERA bans vague disclaimers and mandates transparency in real estate advertising

The Tamil Nadu Real Estate Regulatory Authority (TNRERA) has put new rules in place to address misleading real estate advertisements in Chennai. These regulations became effective on July 1, 2025. All ads must now prominently display the project's RERA registration number, QR code, and promoter contact details, across all platforms. The regulations prohibit vague claims and require accurate location details. Online portals and media outlets face accountability for non-compliant ads.Read more

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Malad becomes first in Mumbai to convert PTC housing into permanent homes for road PAPs

Slum dwellers in Malad, Mumbai, have been relocated to Permanent Transit Camp (PTC) homes to make way for completing a crucial 550-meter road link from Shankar Lane to New Link Road. This marks the first time PTC homes-originally meant for temporary housing-are being used for permanent resettlement under a 2024 Maharashtra government resolution. Of 357 affected structures, 110 have been demolished, with 64 more to follow after residents received new home keys. The full project will ease traffic between Malvani and the Western Express Highway. Phase 3 and further resettlements are expected soon, with road alignment adjustments planned near Valnai metro station.Read more

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DTCP cracks down on illegal RWA structures in Gurugram societies

Gurugram's Department of Town and Country Planning (DTCP) has taken action against unauthorized structures built by Resident Welfare Associations (RWAs), including demolishing a religious structure in Suncity Avenue, Sector 102. This comes amidst observations of RWAs constructing illegal structures in common areas for personal or social uses, violating housing laws. Authorities plan to seek stricter action and recommend appointing administrators to such RWAs to prevent further encroachments. The move aims to ensure compliance across group housing societies and protect residents' interests.Read more

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Himachal CM promises safety reforms after building collapse in Bhattakufar

Himachal Pradesh Chief Minister Shri Sukhvinder Singh Sukhu inspected several danger-prone areas along the ongoing 27-km Shoghi-Dhalli four-lane highway project in Shimla. Locals raised concerns over hill-cutting activities by the National Highways Authority of India (NHAI), blaming them for property damage and increased safety threats. In response, the Chief Minister directed departments to take immediate remedial actions and announced rental assistance and relief packages for affected families. Committees have been set up to identify weak spots and probe incidents such as the building collapse in Bhattakufar.Read more

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Thane orders survey of illegal constructions in Yeoor eco-sensitive zone

The Thane Municipal Commissioner has ordered a detailed survey of structures in the eco-sensitive Yeoor area to address unauthorized residential and commercial activities impacting local wildlife. Prompted by complaints from activists and residents, the survey targets illegal use of residential properties for events like weddings and parties-activities banned in such zones. Post-survey, notices will be issued, followed by joint enforcement by municipal, forest, and police authorities. The action aligns with Bombay High Court directives and a March 2025 state circular. The initiative underscores the importance of protecting eco-sensitive zones from commercial misuse and ensuring adherence to urban planning and environmental regulations.Read more

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NDMC plans housing policy revamp amid flat vacancy and transfer issues

The New Delhi Municipal Council (NDMC) plans to revise its flat allotment and inter-pool policy in Lutyens' Delhi. This follows ongoing housing issues where transferred officers fail to vacate properties, causing complications and violations of central government housing guidelines. The council's proposal aims to streamline the allotment process and ensure housing availability for new members. It has recommended halting further Type 5 quarter allotments until current needs are met, and requested a list of vacant properties and pending court cases for review, addressing challenges in housing allocation.Read more

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Maharashtra plans new law to ensure transit rent reaches slum dwellers

The Maharashtra government plans to amend the Slum Act, making it easier for the Slum Rehabilitation Authority (SRA) to collect transit rent directly from developers. This move aims to address developers defaulting on payments, which leaves slum dwellers in limbo and stalls redevelopment projects. The proposed amendment will empower SRA to collect unpaid rent and recover it from developers' transferrable development rights or other benefits. This is part of a broader effort to expedite slum rehabilitation, protect residents' rights, and hold developers accountable.Read more

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