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%

Top Stories

CSMC Launches Safety Initiative: structural audits for aging buildings

The Chhatrapati Sambhajinagar Municipal Corporation (CSMC) in Aurangabad has announced its plan to conduct structural audits of buildings over 30 years old to address concerns about their safety. This decision comes in response to persistent demands from activists advocating for urgent measures. Property owners will be urged to conduct audits, and in cases of non-compliance, the CSMC will conduct audits and recover expenses from the owners. This proactive approach demonstrates the civic body's commitment to citizen well-being and sets an example for other municipalities.Read more

cover photo

Nagpur Municipal Corporation faces challenges with high-rise buildings and firefighting capabilities

The Nagpur Municipal Corporation (NMC) has granted clearance to 46 high-rise buildings exceeding 40 meters in height, despite the firefighting team's maximum reach of 42 meters. This poses a challenge for the NMC's fire department, as they lack the necessary equipment for tall buildings. To address this, the NMC has proposed acquiring a 70-meter hydraulic platform, which has been approved in the upcoming budget. The NMC advises developers to prioritize firefighting systems in high-rise buildings and mandates regular drills for occupied structures. These measures aim to enhance safety in Nagpur's vertical growth trend.Read more

cover photo

FICCI and JLL India advocate for broker training and certification

FICCI and JLL India have jointly called for the establishment of formal training and certification programs for property brokers in India. The white paper presented by FICCI emphasizes the need for government collaboration, education initiatives, and accredited courses to improve skills, income, and employment opportunities for brokers. The report highlights the increasing number of broker registrations under the RERA law and emphasizes the crucial role of brokers in the expanding real estate sector. The proposed training programs would focus on current regulations, communication, marketing skills, and digital tools, enabling brokers to establish themselves as industry specialists.Read more

cover photo

Chandigarh residents protest suspension of share-wise property transfer

Residents of Chandigarh protested at Sukhna Lake against the suspension of share-wise property transfer in the city. The Chandigarh administration issued a notification in March 2023, halting the transfer of properties on a share-wise basis. This has caused difficulties for property owners who are unable to sell or purchase their shares. The Chandigarh Property Shareholders' Welfare Association members expressed their intention to pursue contempt proceedings against the officers of the administration and send a legal notice for contempt of court orders.Read more

cover photo

Indore Municipal Corporation (IMC) takes down 21 old and unsafe houses

To ensure public safety before the monsoon season, the Indore Municipal Corporation (IMC) in India demolished 21 dilapidated and dangerous structures in zone 8 of the city. Both residents and bystanders were in danger due to the over 50-year-old buildings. In order to widen the route between Raoji Bazaar police station and Sonkar Dharamshala and relieve traffic congestion in the region, the IMC also identified over 100 obstacles in the form of portions of residential and commercial structures that needed to be demolished. The IMC has requested cooperation from property owners in order to protect public safety.Read more

cover photo

Maharashtra RERA to start grading of real estate projects and promoters

The Maharashtra Real Estate Regulatory Authority (MahaRERA) is set to introduce a groundbreaking initiative aimed at improving the real estate market in the state. MahaRERA plans to implement a comprehensive grading system for real estate projects, making it easier for prospective homebuyers to make informed decisions when selecting a property. This will be the first initiative of its kind undertaken by any RERA authority in the country, highlighting Maharashtra's commitment to transparency and consumer protection.Read more

cover photo

Thane Zilla Parishad to map and create database of over 95,000 properties

The Thane Zilla Parishad in India is working on mapping and creating a digital database of its 9500 properties to optimize their usage, prevent encroachment, and resolve legal disputes. This initiative involves using drones and geo-tagging to digitally map government-owned properties such as schools, offices, and community centers. All relevant information, including ownership details and encroachment history, will be accessible online. The aim is to enhance decision-making and resource allocation, protect assets, and make efficient use of government lands for new projects.Read more

cover photo

Rampant illegal developments threaten Aravali Biodiversity Park in Gurugram

Gurugram's Aravali Biodiversity Park, recognized as an Other Effective Area-Based Conservation Measures (OECM) site, is facing rampant illegal building activities. A road exceeding two kilometers from DLF 3 dissects the park, giving way to unauthorized structures and growing construction waste piles. Residents voice their frustration over the lack of government action to protect this key green zone. The Municipal Corporation of Gurgaon promises surveillance and demolition efforts in response.Read more

cover photo

Vasant Vihar slum clearance ensues in Delhi under High Court directive

Delhi saw the removal of a three-decade-old slum in Vasant Vihar last week, under the direction of the National Disaster Response Force (NDRF) and the Municipal Corporation of Delhi (MCD). This action was in compliance with a Delhi High Court ruling, allowing the construction of NDRF headquarters on the site. Meanwhile, an anti-encroachment operation was carried out near the Mata Guiri Devi Hospital in West Delhi, addressing obstructions by local vendors and shopkeepers. These enforcement actions underline the struggle to balance urban development with citizens' rights.Read more

cover photo

Digital transformation simplifies tenant verification process in Pune

Pune residents will no longer need to visit police stations for tenant verifications, thanks to the state property registration department's new online system. Deputy Commissioner of Police, R Raja, confirmed that the online tenant verification system, stalled during Covid, will resume next month across Pune's 32 police stations. The streamlined process, expected to boost registration and offer home-based police verification, aims to enhance convenience for tenants and owners alike, marking a significant step in Pune's digital transformation journey.Read more

cover photo