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

Gurugram developers now required to publish public notices post RERA application

30 May 2025

RERA Gurugram mandated that developers must publish a newspaper notice immediately after applying for project registration. This move aims to curb unauthorized pre-launch sales and enhance transparency in the real estate sector. The notice will inform buyers that a project is awaiting registration approval, enabling them to make informed decisions and verify developers' claims. This initiative is part of RERA's ongoing efforts to protect homebuyers and ensure greater regulatory accountability.Read more

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Ahmedabad Municipal Corporation to relocate RMC plants to non-residential zones

30 May 2025

The Ahmedabad Municipal Corporation (AMC) is set to ban ready-mix concrete (RMC) plants from operating in residential areas due to their impact on air quality. Announced by standing committee chairman Devang Dani, the policy-expected within two months-will mandate relocation of these units to designated non-residential zones. This move follows the Ahmedabad Urban Development Authority's new SOP for RMC units, requiring a minimum 3,500 sq. m. land area, GPCB NOC, and annual licensing. Non-compliant units face sealing and ?75,000 penalties. Temporary site-based permissions will be limited to construction duration. The initiative aims to balance infrastructure growth with public health and environmental protection.Read more

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Mohali: GMADA demolishes 30 illegal structures in Jhampur village and Sector 39 (West)

30 May 2025

The Greater Mohali Area Development Authority (GMADA) has launched a major demolition drive targeting illegal constructions in Jhampur village and Sector 39 (West), led by officer Arvind Pannu. A total of 30 unauthorised structures were razed-25 in Jhampur and 7 in Sector 39 (West). In Phase 3 of the 39 West Society, developers were found illegally expanding the colony and connecting unsanctioned plots to public utilities despite their licence being cancelled. GMADA's action follows repeated complaints from residents and signals a tougher stance on illegal development. The drive highlights the need for stricter urban planning enforcement to protect infrastructure and public interest.Read more

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Nabadiganta Industrial Township Authority to conduct fire safety audit of 250 office buildings in Sector V

30 May 2025

The Nabadiganta Industrial Township Authority (NDITA) has announced a comprehensive fire safety audit of around 250 office buildings in Kolkata's Sector V, following recent fire incidents and safety violations. Sector V, home to over 1,500 companies and nearly two lakh employees, has seen rising concerns over fire preparedness. Nine rooftop restaurants were recently served stop-operation notices for major compliance lapses. The audit will assess fire systems, road access, and evacuation routes, with a focus on removing encroachments and improving fire tender mobility. To ease roadside parking, NDITA will build a second multi-storey parking plaza near Philips More, accommodating over 700 vehicles by next year.Read more

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KARAM Safety launches portable multi gas detector to boost hazard site protection

30 May 2025

KARAM Safety recently introduced its new Portable Multi Gas Detector during its Annual Channel Partner Meet held earlier this week in Baku, Azerbaijan. Designed for hazardous work environments, this compact, rechargeable device simultaneously detects Oxygen, Hydrogen Sulfide, Carbon Monoxide, and Combustible Gases. It offers real-time alerts through visual, audible, and vibration alarms, ensuring worker safety across various industrial sectors such as oil and gas, mining, and construction. This launch reflects KARAM's ongoing commitment to advancing occupational safety with robust, field-ready solutions backed by strong technical expertise and global service support.Read more

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Telangana RERA orders refunds and penalty for delayed 'Aura Velimala Phase 1' project

30 May 2025

In a strong enforcement move, the Telangana RERA has fined Bhuvanteja Infrastructures and partner Chekka Bhagyalaxmi INR 14.9 lakh for failing to register their 'Aura Velimala Phase 1' project in Sangareddy district. Despite promising possession by December 2023, the project remains only 20% complete. Buyers reported lack of communication, fund diversion, and continued sales despite stalled construction. TG RERA found violations of Sections 3 and 4 of the RERA Act, including absence of HMDA approvals. The developers must refund payments to 62 buyers with 11% interest and register the project immediately. Sales are banned until compliance, with further penalties possible under Section 63.Read more

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Kalyan-Dombivli Municipal body lists 176 unsafe buildings before monsoon for public safety

29 May 2025

The Kalyan-Dombivli Municipal Corporation (KDMC) has identified 176 buildings as highly unsafe and urged residents to vacate them before the monsoon. The civic body, supported by police intervention if needed, aims to prevent casualties caused by structural collapses. Deputy Commissioner Awdhoot Tawade advised residents in both listed and unlisted buildings to conduct structural audits or relocate if they suspect risk. The crisis stems from illegal constructions, poor enforcement, and unresolved tenant-owner disputes. By issuing this list, KDMC aims to prevent further tragedies through early action, urging residents to take personal responsibility for their safety.Read more

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Ghaziabad administration acts against 100 hotels without registration and NOCs

29 May 2025

Ghaziabad's administration has initiated stringent action against nearly 100 hotels operating without Sarai Act registration and mandatory no-objection certificates from relevant departments. Acting on a police report, officials have begun issuing notices to errant establishments, warning of legal action, including sealing. Only about 50 hotels are currently registered, while many lack basic infrastructure and operate illegally in residential areas. A recent inspection revealed 192 hotels functioning without proper documentation, especially in trans-Hindon regions. Authorities stress that procedural complexity is no excuse for non-compliance, and they remain committed to enforcing safety and regulatory standards across the hospitality sector.Read more

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Telangana launches pilot land survey to modernise land records and governance

29 May 2025

The Telangana government is set to launch a land survey in 413 villages lacking formal maps and sethwars, foundational land record documents. This initiative precedes the Bhu Bharati Act's statewide land survey. Some villages, like Laxmapur in Medchal Malkajgiri, have no records at all. A pilot survey will first be conducted in five villages across different districts. Using drone-based aerial surveys and ground truthing, geo-referenced cadastral maps and updated ownership records will be created. Survey firms like RV Associates and Drogo Drones are involved. The pilot will conclude in two to three months, with full-scale implementation and financing explored thereafter.Read more

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Maharashtra launches PRATYAY MahaBhumi portal to simplify property rights for cooperative housing societies

29 May 2025

The Maharashtra government has launched the PRATYAY MahaBhumi portal to simplify and digitise the deemed conveyance process for cooperative housing societies. Announced by Chief Minister Devendra Fadnavis, the portal allows societies to apply online for legal land ownership transfer from builders-a long-pending issue affecting over 78,000 societies. The fully digital process eliminates physical submissions and includes virtual hearings, with a six-month resolution timeline. All stages-rom document upload to final order-will be handled through the portal. This reform addresses the challenges of redevelopment, repairs, and loans faced by societies lacking land ownership. Housing federations are urging further simplification by reducing the required documentation.Read more

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