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

Gujarat High Court resumes contempt case against Pacifica Developers

03 Aug 2025

The Gujarat High Court has reopened contempt proceedings against Pacifica Developers and its top executives after lifting a stay on a 60-day civil prison order issued by GujRERA. The case involves non-delivery of a booked flat and its alleged resale to another party. Despite initially promising a settlement and depositing INR 24 lakh, the developer failed to file the required appeal. The court viewed this as an abuse of process and ordered the release of the deposit to the homebuyer, while sending the contempt matter to a division bench for further action.Read more

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PNB Housing Finance penalised INR 10 lakh for losing borrower's original property documents

03 Aug 2025

A consumer forum in Coimbatore ordered PNB Housing Finance to compensate a borrower family with INR 10 lakh and litigation costs after their original title deeds went missing post-loan repayment. The ruling also mandated document reconstruction via certified copies and cancellation of related deposit warrants. This action comes as part of a broader regulatory push that obliges lenders to return property papers within 30 days or face penalties of INR 5,000 per day. Historic rulings against banks like PNB affiliate UBI and ICICI underscore the growing scrutiny over handling of original property documents and deficiency in service.Read more

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NMMC acts against illegal structures in Phanspada and Shahbaz Village, Belapur

02 Aug 2025

The Navi Mumbai Municipal Corporation (NMMC) carried out a demolition drive in Belapur under the supervision of Municipal Commissioner Dr Kailas Shinde and other senior officials. Despite prior notices issued under MRTP Act Section 54, the concerned individuals failed to remove their unauthorised constructions. The encroachment department proceeded with removal operations involving municipal staff, police personnel, and demolition tools including hammers and gas cutters. The civic body has warned that further intensified actions will follow against unauthorised developments in the city.Read more

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Bombay High Court upholds BMC's revised solid waste tender conditions

02 Aug 2025

The Bombay High Court recently ruled in favor of the Brihanmumbai Municipal Corporation (BMC), dismissing two petitions that challenged modified tender conditions for solid waste collection and transportation. Petitioners had sought a fresh tender with older criteria, arguing that the new seven-year experience requirement was impossible for Mumbai contractors to meet. The court, however, affirmed that the civic body is best placed to define its tender requirements and that the court cannot overrule its judgment. This decision allows BMC to proceed with its waste management tender, ensuring essential services continue without interruption.Read more

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Bombay High Court orders demolition of illegal six-storey building in Kalyan

02 Aug 2025

The Bombay High Court today directed the Kalyan-Dombivli Municipal Corporation (KDMC) to demolish a ground-plus-six-storey illegal building in Govindwadi, Ayare village, Kalyan, within two months. This order follows a complaint filed by a local resident last year, stating that the building, named Siyam Villa, was constructed without any planning permissions. The court emphasized that such unauthorized constructions cannot be regularized and must be demolished. This ruling highlights the court's firm stance against illegal building activities and its expectation that civic bodies enforce demolition notices swiftly, ensuring adherence to urban planning laws.Read more

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Vadodara civic authorities take action against unauthorised waste dumping in water bodies

01 Aug 2025

The Vadodara Municipal Corporation (VMC) has initiated strict action against individuals and contractors involved in the illegal dumping of construction debris into the city's water bodies. Responding to complaints from residents and environmental activists, the civic body has started issuing notices and warnings to violators. Measures include penalties and direct inspections by senior officials to prevent further environmental damage. The move aims to restore the ecological balance of affected lakes and ponds while holding accountable those contributing to their degradation.Read more

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Bhubaneswar Development Authority launches digital ID system for property services

01 Aug 2025

The Bhubaneswar Development Authority has directed allottees of its residential properties to obtain a Unique Account Number (UAN) by the end of August to continue availing services such as lease deeds, NOCs, property transfers, and conversion from leasehold to freehold. A dedicated facilitation cell at the authority's headquarters has been activated to assist applicants. The authority has also recorded progress in its ongoing property conversion programme, approving over 740 conveyance deeds across 27 housing schemes. Allottees must meet specific eligibility conditions, including construction status and legal compliance.Read more

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Indore land scam worth INR 100 crore uncovered after audit reveals fake registries

01 Aug 2025

Authorities in Indore have uncovered a major land registry scam worth INR 100 crore, involving forged property documents dating back to 1957. An internal audit revealed mismatches in buyer-seller details and missing thumb impressions in 18 suspicious registry entries. A five-member committee confirmed tampering of official records, prompting an FIR under multiple sections of the IPC. The police are investigating possible collusion among registration and municipal staff. The fraud spans residential, commercial, and agricultural plots in prime city locations. In response, a ban was recently imposed on notarising high-value property documents. Forensic verification is underway, with arrests expected as the case unfolds.Read more

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Odisha RERA enforces QPR compliance with public tagging of defaulters

01 Aug 2025

The Odisha Real Estate Regulatory Authority (ORERA) has reinforced compliance by instructing developers to submit Quarterly Progress Reports (QPRs) within a strict timeframe. Promoters who fail to meet this requirement risk having their projects marked as "non-compliant." This directive aligns with Rule 16 of the Odisha Real Estate (Regulation and Development) Rules, 2017, and is intended to ensure accountability and transparency in the state's real estate sector. The authority has now begun tagging defaulting projects on its official platform to publicly highlight non-adherence.Read more

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DTCP seals three properties in Sushant Lok 1 for violating residential zoning rules

01 Aug 2025

Three properties in Sushant Lok 1, Gurugram were sealed by the Department of Town and Country Planning (DTCP) during an enforcement drive conducted earlier this week. Authorities cited violations of residential zoning regulations, including illegal commercial operations and unauthorised construction. A crèche plot was being misused for educational and dance classes, a residential building was operating as a girls' hostel, and parking space had been converted into living units. While residents responded with mixed views, the department stated the action was necessary to uphold civic order.Read more

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