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

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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YEIDA cracks down on land flipping in Yamuna Expressway industrial zones

27 Jun 2025

An ongoing investigation by the Yamuna Expressway Industrial Development Authority (YEIDA) has exposed that several allottees of industrial plots along the Yamuna Expressway are reselling land without initiating any manufacturing or business activity. Over 3,100 plots were allotted across key sectors such as 24, 24A, 30, 32, and 33, which are reserved for specialised industrial hubs like the Apparel Park, Toy Park, and Medical Device Park. At least 14 transactions have raised red flags for violating allotment terms. YEIDA has initiated strict enforcement measures, including issuing notices, reviewing transaction records, and preparing legal action. The crackdown is part of a broader push to ensure the land is used for industrial growth and employment generation, not speculative trading.Read more

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LDA's new model gives farmers a fair share in Lucknow's real estate rise

27 Jun 2025

Farmers giving land for Lucknow's IT City along Sultanpur Road are set to gain nearly 10 times more than traditional land acquisition offers, thanks to a voluntary land pooling model. Instead of cash, they receive a share in developed or undeveloped land, allowing them to benefit from future value growth. So far, over 350 bighas have been pooled. Spread across 2,858 acres, the project includes residential, industrial, commercial, and green zones. Improved road connectivity and strict development oversight by the LDA add to its appeal. Inspired by Pune's Magarpatta model, this approach promotes farmer-inclusive urbanisation with long-term benefits for landowners.Read more

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Bombay High Court directive prompts NMMC to act on OC violations across Navi Mumbai

27 Jun 2025

The Navi Mumbai Municipal Corporation (NMMC) has identified 2,111 buildings that have failed to obtain mandatory occupancy certificates (OCs), despite having received commencement approvals. This list, published in compliance with a Bombay High Court directive, has been made publicly accessible via the NMMC website and ward offices. Developers and occupants have been asked to immediately approach the Town Planning Department to regularise their status. Failure to act could attract penalties under the Maharashtra Regional and Town Planning Act, 1966. The move is part of a broader drive to enhance building compliance and ensure residential safety across Navi Mumbai's expanding urban landscape.Read more

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BMC floats public consultation on iconic buildings under draft DCPR 2034 update

27 Jun 2025

The BMC has opened public consultation on a draft regulation (33(27)) to define and incentivise "iconic buildings" under Mumbai's DCPR 2034. Eligible structures must display standout design, scale, or architectural vision. Developers may receive FSI relaxations by paying a premium up to 50% of land value, split between BMC and the state. A high-powered committee, chaired by the Municipal Commissioner and including global and Indian experts, will vet proposals. Public scrutiny of designs is encouraged. The draft mandates non-residential use, 18 m road access, and public plazas. The move echoes Mumbai's legacy of iconic architecture, aiming to blend innovation with heritage-conscious development.Read more

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Noida Authority refuses flat registrations in Lotus projects over unpaid builder dues

27 Jun 2025

The Noida Authority has challenged the Allahabad High Court's directive to register flats in Lotus Boulevard Espacia and Lotus 300, citing INR 87 crore and INR 160 crore in unpaid dues by developers Cloud 9 and HPPL, respectively. Despite occupancy certificates, flat registrations remain stalled for buyers who have paid in full. HPPL is under insolvency proceedings, though the court clarified promoters are still liable for scrutiny. The court also directed the Enforcement Directorate to investigate alleged fund diversion by Cloud 9's promoters. While the Authority may escalate the matter to the Supreme Court, buyer groups argue that compliant homeowners should not suffer for developer defaults.Read more

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Adani, Vedanta, Dalmia and Suraksha submit bids to take over debt-laden Jaypee Group

26 Jun 2025

Adani Group, Vedanta, Dalmia Bharat Cement, and Suraksha Group-controlled Jaypee Infratech have submitted resolution plans to acquire debt-laden Jaiprakash Associates Ltd (JAL), which is undergoing insolvency proceedings under NCLT's Allahabad Bench. JAL owes nearly INR 57,185 crore and must be resolved as a single entity. Patanjali Ayurveda, though shortlisted, did not bid. JAL's assets include major real estate projects like Jaypee Greens and Wishtown, hospitality properties, non-operational cement plants, and toll and power interests. Each bidder brings a unique strategic angle, with cement, real estate, and infrastructure assets attracting industry-wide attention. The outcome will shape the future of JAL's diverse portfolio.Read more

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Odisha High Court demands immediate update on 700+ unsafe buildings flagged in Cuttack

26 Jun 2025

The Odisha High Court has ordered the Cuttack district administration to submit an immediate status report on over 700 structurally unsafe buildings across the city. The directive follows rising safety concerns in densely populated zones like Nimchouri, Nayasarak, and Buxi Bazar. A joint task force has identified 12 high-risk buildings needing urgent action, with the Sub-Collector instructed to act under the Bharatiya Nagarik Suraksha Sanhita, 2023. The court demanded an updated affidavit on survey progress and remedial measures. Despite surveys proposed as early as 2010, sustained action has lagged-prompting the court's push for accountability amid incidents of collapses and near-misses.Read more

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Belagavi City Corporation shifts e-Khata process to curb corruption at citizen centres

26 Jun 2025

Belagavi City Corporation (BCC) has moved e-Khata application submissions to Belagavi One centres to curb corruption and reduce delays. Following a surprise inspection revealing manipulation by agents, Commissioner Shubha B suspended manual processing and launched a digital-first system. Citizens can now submit applications directly at two active centres, with two more opening soon. A nominal INR 25 fee is charged, with no middlemen allowed. In 48 hours, BCC cleared 3,854 pending applications. Despite brief server issues, operations are stabilising. The initiative follows a state directive to resolve e-Khata cases within three months and includes public info boards and a helpline for assistance.Read more

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Sambhajinagar intensifies anti-encroachment and water theft operations

26 Jun 2025

The Chhatrapati Sambhajinagar Municipal Corporation has ramped up enforcement against unauthorised construction and water theft ahead of the monsoon. In Gulmandi, officials razed two dozen illegal shop extensions and a hazardous building, while traders near Rangar Galli were warned to self-demolish encroachments. In Kiradpura, over 100 illegal water connections were cut, restoring supply to legal users. Recent drives also cleared 340 encroachments on Beed Bypass Road and bulldozed 229 structures in Mukundwadi, sparking protests over alleged due process violations. Earlier efforts used robotic tools to detect hidden pipelines. Authorities warn that unpaid irrigation dues could delay the city's main water project.Read more

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