SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Law & Policy

Noida Authority warns of plot cancellations over illegal encroachments

14 Aug 2025

Noida Authority launched a decisive drive against unauthorised constructions, warning homeowners that plot allotments could be cancelled if balcony extensions, extra rooms or fences encroaching on Authority land are not removed. Notices have already been issued under Section 10 of the UP Industrial Area Development Act. The CEO has instructed officials to serve these directly at properties and maintain detailed records. Alongside the crackdown, the Authority is pushing for faster completion of delayed infrastructure works, including the Bhangel Elevated Road, and is implementing measures to improve drainage, cleanliness, verge maintenance and control over stray cattle.Read more

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Developer directed to repurchase flat after decades due to missing Completion Certificate

14 Aug 2025

A consumer commission in Mumbai has directed a developer to repurchase a flat sold over two decades ago, citing the absence of a mandatory completion certificate. The buyer, who had purchased the property in the early 2000s, raised the issue after the building failed to obtain the necessary approval. The commission ruled that the developer must compensate the buyer by repurchasing the flat at its current market value, alongside interest and additional costs for the prolonged inconvenience caused.Read more

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Karnataka RERA makes builders and landowners equally liable for civic services

13 Aug 2025

The Karnataka Real Estate Regulatory Authority (K-RERA) has ruled that both builders and landowners in joint development projects must share the responsibility of providing basic civic amenities. The decision came after residents of a Bengaluru housing project complained about the lack of water and sewerage connections, despite paying all charges. The order states that both parties must also hand over key project documents to the residents' association. The move sets an important precedent for joint projects across Karnataka, making sure homebuyers are not left without essential services.Read more

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Navi Mumbai razes illegal Airoli constructions after warnings ignored

13 Aug 2025

The Navi Mumbai Municipal Corporation (NMMC) recently carried out a demolition drive in Airoli against unauthorised structures, following non-compliance with earlier notices issued under the Maharashtra Regional and Town Planning Act, 1966. Acting on the directives of the municipal commissioner and senior officials, the encroachment department demolished illegal buildings and roadside slums. Penalties amounting to INR 1,00,000 were collected from the violators, and the corporation affirmed its commitment to continuing strict anti-encroachment measures.Read more

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State plans dedicated SPV to run 30 co-working hubs in Tamil Nadu

13 Aug 2025

The Tamil Nadu government will set up a special purpose vehicle (SPV) to manage co-working spaces under the Chief Minister's initiative, ensuring smooth operations independent of administrative changes. Modeled on entities like Chennai Metro Rail Limited, the SPV will replace the current CMDA-Greater Chennai Corporation arrangement to avoid coordination and funding delays. It will also focus on job facilitation, inviting recruitment agencies to conduct placement activities within centres and launching an online portal for job listings and candidate profiles. With only the Kolathur hub operational so far, 29 more centres are planned. All services will be free, connecting employers, startups, and job seekers.Read more

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Pimpri-Chinchwad clears 3.35 lakh sq ft of unauthorised buildings

13 Aug 2025

In a major city-wide anti-encroachment operation launched earlier this month, the Pimpri-Chinchwad Municipal Corporation dismantled 187 unauthorised structures spanning approximately 3.35 lakh sq ft. The drive began by targeting under-construction sites to prevent proliferation of illegal buildings, later extending to kiosks and tin sheds. Officials issued 24-hour notices and indicated that negligent ward officials may face action. The operation remains ongoing, with authorities urging residents to remove unauthorised constructions voluntarily to avoid punitive measures.Read more

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Mysuru Development Authority sanctions new layouts and digital property management drive

13 Aug 2025

The Mysuru Development Authority (MDA) has approved a series of measures to boost residential infrastructure and improve property management. Key decisions include auctioning corner and intermediate sites, allocating land to families of war martyrs, and approving layouts covering nearly 400 acres to meet future housing demand. The MDA will launch mobile apps for asset tracking, record digitisation, and monitoring legal disputes over land. Civic amenity sites for hostels and facilities by energy and education departments also received approval. Additionally, sale deeds will be issued to allottees upon clearing dues. The moves aim to enhance transparency, efficiency, and social recognition in Mysuru's urban development.Read more

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146 houses razed in Assam's Doyang Reserve Forest eviction drive

13 Aug 2025

In Assam's Golaghat district, forest officials cleared over 300 bighas of encroached land in the Doyang Reserve Forest, demolishing 146 unauthorised houses and displacing more than 200 residents. The eviction followed repeated notices and a court battle in which a division bench granted residents two weeks to prove legal land ownership or vacate. While 59 houses were temporarily spared pending hearings, demolition proceeded for others without documentation. Authorities plan to restore the cleared land ecologically, but community groups argue many residents have lived there for decades and deserve resettlement rights. The case underscores tensions between conservation efforts and human settlement needs.Read more

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Pune civic body orders Marathi signboards on all building projects

13 Aug 2025

The Pune Municipal Corporation has now made it mandatory to display project names residential or commercial in Marathi. This directive came after a strong push from the Maharashtra Navnirman Sena, which had earlier flagged widespread non-compliance. The municipal commissioner issued a circular enforcing this rule across both ongoing and new projects, aligning with the state's Marathi language policy. Civic officials will be inspecting sites to ensure full compliance. With building approvals having tripled over recent years, this move seeks to balance rapid urban growth with cultural preservation. Builders must now comply or risk delays in project certifications.Read more

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Goa moves ahead with coastal plan based on 2011 eco-zone maps

13 Aug 2025

Goa has finalised its eco-sensitive zones master plan, paving the way for a new Coastal Zone Management Plan (CZMP) based on revised 2011 maps, as directed by the Union Environment Ministry under the 2019 CRZ Notification. The move aims to strengthen governance of high-tide-line developments and safeguard fragile coastal communities. Lawmakers have called for quick CZMP completion, improved oversight of water-sports licensing, and restoration of sand-dunes, khazan-lands, and mangroves. The state is also reviving its beach-carrying-capacity study to set limits on shack permits. The GCZMA clarified that structures on khazan land built before its eco-sensitive designation under the 2011 CZMP will remain legal.Read more

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