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

Odisha High Court boosts homebuyer rights with landmark rulings

01 Jul 2025

The Odisha High Court has passed a series of important rulings that have boosted homebuyer protection and tightened rules for developers. These include stopping illegal use of common areas, enforcing ORERA's rule on defect liability funds, and questioning approvals granted by BDA after its authority shifted to BMC. The court also addressed issues around phasing and buyer associations in large projects. These decisions, along with a recent Supreme Court ruling on property ownership, are expected to improve transparency, prevent misuse by builders, and ensure legal clarity. Together, they mark a turning point for Odisha's real estate sector and strengthen buyer confidence.Read more

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Bengaluru e-Khata mela draws 3,000+ residents, BBMP issues 1,500 documents in a day

01 Jul 2025

Over 3,000 residents participated in Bengaluru's recent e-Khata mega mela in Byatarayanapura, where BBMP and state officials facilitated on-the-spot digitisation of property records. The event helped issue around 1,500 e?Khatas within hours and handed over 677 final certificates on the same day. With Byatarayanapura holding 1.8 lakh properties and over 5.3 lakh properties digitised citywide, the BBMP now plans to replicate the model across other wards in July. The initiative, which also won the National e-Governance Gold Award, aims to make the process faster, more accessible, and less prone to delays or malpractices by taking services directly to citizens.Read more

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MahaRERA begins large-scale verification of occupancy certificates to tackle real estate fraud across Maharashtra

01 Jul 2025

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has launched a state-level verification drive of over 3,600 occupancy certificates (OCs) submitted by developers across the state. This move aims to detect and prevent fraudulent practices, particularly in the aftermath of the Kalyan-Dombivli scam, where fake approvals had led to the demolition of illegal buildings. Planning authorities have been given a 10-day window to verify the authenticity of OCs, and their silence will be taken as confirmation. However, if certificates are later found to be false, the responsibility will rest with them. So far, only 136 OCs have been verified, revealing inefficiencies in the coordination between planning bodies and the regulator.Read more

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Pune relocates 34 tribal families from landslide-prone Pasarwadi to safer site

01 Jul 2025

Authorities in Pune have started relocating 34 tribal families from Pasarwadi, a landslide-prone village near Malin, after soil cracks and a recent rockfall blocked their only road. The tehsil office has secured two acres of safer land, guided by Geological Survey recommendations. Financial aid for new homes is being arranged through state and central housing schemes, with additional CSR support. So far, 18 families have homes under the Gharkul scheme; remaining construction will start post-monsoon. Residents welcomed the move but raised concerns about water shortages and lack of basic facilities. The relocation echoes past efforts after Malin's deadly 2014 landslide.Read more

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Indore becomes first Indian city to assign digital addresses with QR codes

01 Jul 2025

Indore has taken a major step in digital governance by becoming the first Indian city to launch a QR-code based digital address system. Starting with Ward 82 in Sudama Nagar, every house is now being equipped with a GPS-linked QR code plate that opens a unique digital profile via the national DigiPIN platform. Residents can now access services such as tax payments, utility bills, civic records, and emergency assistance through their phones. This pilot is free of cost and aims to gradually cover around 700,000 properties. The initiative also promises future infrastructure upgrades in the area.Read more

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Noida Authority denies fee waiver for Delhi One project, upholding CIC charge

01 Jul 2025

The Noida Authority has denied Max Estates' request for a INR 67 crore waiver in transfer fees for the stalled Delhi One project in Sector 16B. Max Estates took over the project through a corporate insolvency process approved by the NCLT, offering to pay INR 613 crore in dues over three years to revive it. The Authority accepted the payment plan but ruled that the full transfer charges under its Unified Policy must still be paid, rejecting arguments that the insolvency process justified a waiver. Max Estates has already paid INR 135 crore, with three years granted to complete the project and clear dues.Read more

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Gurgaon demolishes 15 illegal farmhouses on Aravali land after NGT order

30 Jun 2025

Following fresh orders from the National Green Tribunal, authorities in Gurgaon have demolished 15 illegal farmhouses built on protected forest land in the Aravali region, covering about 30 acres across eco-sensitive areas like Gwalpahari, Abheypur, and Manesar. The drive, supervised by a duty magistrate, followed show-cause notices and hearings for violators. Meanwhile, Haryana officials have identified over 6,700 illegal constructions in Faridabad's protected zones, with phased demolitions underway. While activists welcome the action, they say enforcement is still reactive, highlighting the need for stricter, preventive measures to protect the fragile Aravali ecosystem from further encroachment and ecological damage.Read more

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Punjab okays flexible land use, 12.5% fee for industrial-to-commercial conversion

30 Jun 2025

The Punjab Cabinet has revamped the state's industrial land conversion policy, making it easier for owners of plots between 1,000 and 4,000 sq yd to shift to commercial uses like healthcare, hospitality, offices, education, and rental housing, subject to local zoning and road width rules. A flat 12.5% conversion fee simplifies what was once a complex process. Larger industrial plots can now be redeveloped into integrated parks with industrial, residential, and commercial spaces. Leasehold plots can also be converted to freehold, potentially generating INR 1,000 crore in fees. The government is also rolling out digital tools and new rules to speed up approvals and reduce red tape.Read more

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Maharashtra to roll out vertical property cards, easing resale and loan approvals

30 Jun 2025

The Maharashtra government is set to introduce vertical property cards to address the challenges of tracking flat ownership in cities like Mumbai, Pune, and Nagpur, where vertical development has boomed. Currently, property records cover only land parcels, creating legal headaches during resale, inheritance, or mortgage processes. The new cards will act as official Records of Rights for each flat, listing owner details, carpet area, and mortgage data. Officials say this will make transactions smoother and reduce disputes. The reform, aligned with digitisation drives like Svamitva Yojna, could make Maharashtra one of India's first states to modernise records for high-rise housing.Read more

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Margao begins safety checks on 21 unsafe buildings after public alarm

30 Jun 2025

Authorities in Margao have launched structural assessments on 21 buildings marked unsafe, following a series of collapses and long-standing neglect. A joint team from Goa Engineering College, PWD, and the Municipal Council recently inspected four structures, including commercial properties, revealing immediate risks to public safety. Despite previous warnings and demolition orders issued as far back as 2018, enforcement has been largely absent. Now, with pressure mounting, the administration is working to fast-track technical evaluations and take action, aiming to prevent further mishaps caused by neglected and deteriorating buildings.Read more

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