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

VDA launches campaign to explain new building bylaws and zoning norms for 2025

31 Jul 2025

The Varanasi Development Authority (VDA) has launched an awareness campaign for its new Building Construction and Development Bylaws-2025 and Model Zoning Regulation-2025. The initiative aims to simplify construction processes, promote green buildings, and encourage vertical growth within the city. Through workshops and events, VDA is educating builders and property owners about key provisions, including simplified registration, set time limits for NOCs, and increased Floor Area Ratio.Read more

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Kolkata civic body cracks down on construction debris dumping to prevent waterlogging

30 Jul 2025

The Kolkata Municipal Corporation (KMC) has initiated stricter monitoring of construction material dumping on city roadsides to combat waterlogging. Developers of under-construction buildings are now required to store materials immediately on the ground floor once built, facing stop-work notices for non-compliance. This directive follows complaints of inundation caused by debris, which is often illegally dumped in drains and vacant plots. The move aligns with existing rules mandating proper waste disposal and comes as a similar redressal system for construction and demolition waste is being developed in New Town to enhance urban cleanliness and prevent blockages.Read more

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

30 Jul 2025

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

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

30 Jul 2025

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

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TMC mandates registration for all construction activity in Yeoor Hills

30 Jul 2025

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

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

30 Jul 2025

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

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

30 Jul 2025

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

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

30 Jul 2025

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

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Odisha RERA sets up new CDR cell to resolve property disputes

30 Jul 2025

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

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

30 Jul 2025

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

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