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

Haryana launches pilot for paperless property deed registration in Naraingarh

07 Aug 2025

Haryana has introduced a pilot project in Naraingarh tehsil, enabling a fully online and paperless deed registration system. The initiative allows property buyers and sellers to schedule appointments, upload documents, make payments, and access land records digitally. Authorities stated that the system flags property disputes or encumbrances in real time, aiming to improve transparency, cut down rejections, and reduce in-person visits. The move is intended to simplify the process and form a model for wider state implementation.Read more

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Government plans 20-acre township for Ambedkar Layout families in Mysuru

07 Aug 2025

In a move to provide permanent housing for residents of Ambedkar Layout in Ashokapuram, the Karnataka government will develop a dedicated township across 20 acres. Announced by the Social Welfare Minister and Mysuru district in-charge, the plan includes essential amenities to support holistic community development. Discussions are ongoing with the Mysuru Development Authority and local officials to finalise land within or near municipal limits. Financial support has been approved, with INR 1 crore allocated to renovate the local Community Hall and INR 20 crore for completing Ambedkar Bhavan. The project aims to uplift hundreds of families, reinforcing the government's commitment to social justice.Read more

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534 flats built against approval of 400: GDA to act on Express Garden violations

06 Aug 2025

The Ghaziabad Development Authority has announced its intent to initiate legal proceedings against both serving and retired officials involved in allowing unauthorised construction in the Express Garden Housing Society, located in Indirapuram. A court-appointed panel revealed that 134 flats were built over and above the sanctioned 400, prompting recommendations for FIRs against the developer, architect, and officials. The developer has denied wrongdoing, citing internal reconfiguration of units. The issue is currently under the Allahabad High Court's review, with further hearings due in the coming weeks.Read more

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Buyers win MahaRERA case over parking slot mix-up in Mumbai project

06 Aug 2025

MahaRERA recently pulled up a Mumbai-based real estate developer after homebuyers complained about being allotted parking spaces in a wing different from where their flats were located. Despite having paid for puzzle car parking slots, the buyers were not provided with marked or numbered spaces. When residents formed separate housing societies, access to the assigned parking was denied. MahaRERA deemed this a deficiency in service and ordered corrective action.Read more

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Supreme Court clears path for over 493 stalled housing projects in MMR and Pune

06 Aug 2025

The Supreme Court has ruled in favor of CREDAI-MCHI in a key environmental clearance case, unlocking over 493 previously stalled housing projects in the Mumbai Metropolitan Region and Pune. The verdict restores the authority of state-level environmental bodies, benefiting over 70,000 housing units primarily in the affordable and mid-income segments. The decision overturns earlier notifications that caused regulatory confusion, marking a major win for developers and homebuyers. The legal intervention by CREDAI-MCHI brings long-awaited clarity and momentum to real estate growth in Maharashtra.Read more

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Shine Buildcon told to pay 11.1% interest for delayed possession in Gurugram project

06 Aug 2025

Haryana RERA has ruled against Shine Buildcon for a four-year delay in handing over a commercial unit at '70 Grandwalk' Sector 70, booked in 2014. Possession, due by mid-2019, was only offered in late 2023. The developer's defence citing demonetisation, GST, and COVID-19 was rejected as insufficient. RERA ordered Shine Buildcon to pay 11.1% annual interest on the buyer's payments, from the due possession date to actual offer or two months post-occupation certificate-whichever is earlier. The amount must be settled within 90 days, and possession delivered within 30 days thereafter. The builder is barred from imposing extra charges beyond the original agreement.Read more

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UP clears GIS-based master plans for 56 AMRUT cities; Kanpur, Ghaziabad next

06 Aug 2025

The Uttar Pradesh government has approved GIS-based master plans for 56 of 59 AMRUT cities, with Kanpur, Ghaziabad, and Rampur nearing final clearance. These digitised plans use geo-referenced maps and layered data to guide urban development, including transit zones, green corridors, and mobility networks. Originally set for completion last year, the scope expanded to include more detailed planning elements, extending timelines. Approval is crucial for cities to access AMRUT scheme funding. Once finalised, these plans will enable better land-use monitoring, improve infrastructure planning, and ensure more transparent governance. This marks a significant step toward smart, integrated urban development across the state.Read more

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DTCP demolishes illegal meeting hall built by RWA at Emaar Palm Hills, Gurugram

06 Aug 2025

The Department of Town and Country Planning (DTCP), Gurugram, recently demolished an unauthorized structure constructed by the Resident Welfare Association (RWA) of Emaar Palm Hills in Sector 77. The RWA had built a meeting hall in the society's open area, which violated the approved layout plan. Despite earlier notices, the association failed to act, leading to the enforcement. DTCP clarified that RWAs are not permitted to carry out construction in common or green areas, regardless of internal resolutions. The demolition received support from residents and planning experts.Read more

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Ansal Properties booked again after basement cave-in at Ghaziabad project

06 Aug 2025

The Ghaziabad Development Authority (GDA) has filed a new FIR against Ansal Properties after a severe basement cave-in incident at Sushant Aquapolis township near Crossings Republik. Heavy rainfall led to water collecting in an unfenced 15-foot-deep pit, submerging vehicles parked near Tower 7. The builder had reportedly handed over possession without securing a completion certificate and failed to install key infrastructure. This comes as the latest in a string of FIRs against the company over project delays, forgery, cheating, and regulatory violations across Ghaziabad and Lucknow.Read more

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BBMP fines builder, suspends officials over illegal ramp blocking footpath in Basavanagudi

06 Aug 2025

BBMP has imposed a fine of INR 1 lakh on a property owner in Basavanagudi for building a ramp that fully blocked the footpath, forcing pedestrians onto the road. The ramp was part of an under-construction building on MN Krishna Rao Road. Following an inspection, three BBMP officials from the Mahalakshmipuram sub-division were suspended for failing to act on earlier complaints related to the obstruction. This action comes as part of BBMP's ongoing efforts to prevent encroachment and ensure public pathways remain accessible and safe.Read more

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