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

Bhopal to relocate 9 central slums and build 14,000 homes under PPP scheme

30 Jun 2025

The municipal government has kicked off an ambitious urban renewal effort by relocating nine slum clusters from Bhopal's city centre to sites within a 3-5 km radius. Around 14,000 permanent homes will be built via a Public-Private Partnership on government land. This move part of the wider Jhuggi Mukt Bhopal Yojana aims to free up 125 acres in the heart of the city and revamp living standards across 388 slums impacting 150,000 households. It follows previous survey efforts and on-site redevelopment plans near high-security zones that were abandoned to avoid security issues.Read more

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Maharashtra allocates INR 5 crore each for 23 merged Pune villages to boost infrastructure

30 Jun 2025

In a major step toward resolving civic infrastructure deficiencies in Pune's merged villages, Maharashtra's Urban Development Department has approved INR 5 crore for each of the 23 areas recently added to Pune Municipal Corporation (PMC) and the Uruli-Phursungi Municipal Council. The funds are directed at fixing long-standing issues such as untreated waste, odour from garbage depots, unpaved roads and erratic water supply. Plans include scientific waste processing, drawing treated water from the Jambhulwadi reservoir, and reviving local staffing. The state has also introduced a property tax amnesty to ease the financial burden on residents.Read more

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Tiruvallur asks NGT for more time to relocate families from Avadi lake area

30 Jun 2025

Tiruvallur district authorities have appealed to the NGT for an extension in their ongoing eviction drive targeting 194 illegal structures built along Vilinjiyambakkam lake in Avadi, Chennai. Of these, 79 structures comprising 49 homes and 30 shops have already been removed. The remaining families are in the process of being relocated through government housing schemes or alternate land allocations. The lake, once spread over 100 acres, has shrunk drastically due to encroachments and untreated sewage. Although the NGT had passed eviction orders earlier, procedural delays and local resistance stalled progress. Officials now seek more time to complete the operation without displacing residents abruptly.Read more

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Punjab emerges as a trustworthy real estate hub with low buyer grievances under RERA oversight

30 Jun 2025

Over the past five to six years, Punjab has witnessed the sale of approximately two lakh properties with only around 1,500 buyer complaints, most of which relate to projects launched before RERA was enacted. Punjab-RERA Chairperson Rakesh Kumar Goyal credited the state's progressive approach and efficient grievance redressal for boosting consumer confidence. With nearly 3,000 registered projects and quick approvals, the real estate market in Punjab is gaining momentum. Meanwhile, officials from Delhi-RERA also echoed the transformative impact of the legislation, especially in curbing issues with pre-RERA developments.Read more

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SC clarifies: Property registration alone doesn't guarantee ownership rights

29 Jun 2025

The Supreme Court has ruled that property registration alone does not guarantee legal ownership or transfer rights, placing the onus of due diligence squarely on the buyer. Registration only confirms procedural compliance; verifying title authenticity lies outside the registrar's scope. To prove valid ownership, buyers must present documents like the mutation certificate, tax receipts, title deeds, previous sale deeds, and encumbrance certificates-along with possession proof such as utility bills. The ruling is expected to tighten real estate documentation norms, reduce fraudulent transfers, and promote more transparent transactions. It marks a significant step toward legal clarity and stronger consumer protection in property dealings.Read more

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New Noida policy to transform aging housing blocks with phased redevelopment model

29 Jun 2025

The Noida Authority has approved a targeted redevelopment policy to upgrade aging group housing societies and EWS units, inspired by Mumbai's urban renewal model. Focused on leasehold properties in sectors like 27, 93, and 93A, the plan allows phased redevelopment via project-specific RFPs. It includes demolishing old EWS flats and replacing them with larger, modern units while offering temporary housing during construction. Developers may sell extra units created through an increased FAR limit of 3.5, up from 2. The policy aims to enhance living standards, optimize land use, and improve infrastructure across older Noida neighborhoods, addressing long-standing urban renewal needs.Read more

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Lucknow PMAY housing lottery sparks protest over full payment preference

29 Jun 2025

A PMAY housing lottery in Lucknow sparked protests after the UP Housing and Development Board gave preference to applicants able to pay the full amount upfront, sidelining those opting for installment payments. Of the 744 units in the draw, most were reissued homes from previous allotments where full payment had caused dropouts. Many low-income applicants, particularly for INR 5 lakh units, felt misled as the payment clause was not clearly highlighted. This marks the first time such a preference has been applied. An inquiry has been launched, with officials reviewing communication gaps. The move has raised broader concerns about equitable access to affordable housing.Read more

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UP expands rainwater harvesting to 2.35 lakh buildings under 'Catch the Rain 2025'

28 Jun 2025

In a major move to combat groundwater depletion, the Uttar Pradesh government is expanding its rainwater harvesting programme under the 'Catch the Rain 2025' campaign. Building on the success of earlier efforts on 34,000 buildings, the new phase targets an additional 2.35 lakh government and semi-government structures. Led by the Jal Shakti Department, the initiative involves close coordination across districts and urban agencies. Sixteen districts have already achieved full coverage. Beyond infrastructure, the campaign aims for long-term water conservation by recharging aquifers. Regular monitoring ensures quality and accountability. This marks a shift toward sustainable water management in urban and peri-urban UP.Read more

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Navi Mumbai demolishes illegal structures in Koparkhairane and Airoli

28 Jun 2025

The Navi Mumbai Municipal Corporation (NMMC) recently undertook demolition drives targeting unauthorised constructions in the Koparkhairane and Airoli regions. Despite prior notices under Section 54 of the Maharashtra Regional and Town Planning Act, 1966, several individuals continued illegal construction activities without obtaining approvals. Under the directives of the Commissioner and senior civic officials, the encroachment department executed partial demolitions with the support of municipal staff and police personnel. The operations involved mechanical tools, labourers, and tight security deployment.Read more

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Tamil Nadu RERA mandates display boards at project sites for better buyer transparency

27 Jun 2025

TNRERA has mandated that all registered real estate projects in Tamil Nadu must display dedicated, easily visible boards with key project details. These 2x4 ft boards must face a public road and show the promoter's name, project name, RERA registration number, estimated completion date, and the TNRERA website. Developers must submit photo proof of the installed board, certified by their engineer or architect, as part of Form-C documentation. Non-compliance could delay project approvals. This move strengthens transparency and aligns with earlier display rules under Tamil Nadu's building regulations, ensuring buyers and the public can easily verify project status on-site.Read more

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