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

Kanpur steps up anti-encroachment drive to tackle flooding and congestion

06 May 2025

The Kanpur Municipal Corporation (KMC) has launched a major anti-encroachment drive to combat urban congestion and waterlogging ahead of the monsoon. Over 500 illegal structures-ranging from tin sheds to permanent buildings-were removed across all six city zones, particularly those obstructing drains and stormwater routes. Notable clearances occurred in Zones 1 and 3, where extensive encroachments along key drainage paths were dismantled. The campaign also involved desilting efforts and removal of unauthorized shops, hoardings, and obstructions. With local resistance in some areas, authorities enforced the action with police support. This drive supports state directives aimed at improving drainage and public space access.Read more

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Pune enables district-wide property registration under 'One State, One Registration'

06 May 2025

Effective from May 1, 2025, Pune residents can register property documents at any sub-registrar office within the district, regardless of the property's location. This intra-district flexibility is part of Maharashtra's 'One State, One Registration' initiative, which aims to ease congestion, reduce delays, and enhance public convenience. The reform, led by the Department of Registration and Stamps, supports the broader digitization of property services in the state. The government also plans to enable inter-district registration soon, pending technical integration. The initiative marks a key step in modernizing property transactions and improving citizen access across both urban and rural areas.Read more

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Haryana DTCP cancels Sohna affordable flats e-draw amid technical discrepancies

06 May 2025

The Department of Town and Country Planning (DTCP), Haryana, has cancelled the January 27 e-draw for 708 affordable flats in Sohna's Aster Avenue-36 project due to a software glitch that processed only 2,200 of 52,000 applications-resulting in all units going to Sohna residents. The draw, linked to 4S Developers under license no. 235 of 2023, faced allegations of regional bias and technical faults. A four-member probe panel has been formed, and a fresh draw will be conducted for all 51,586 eligible applicants. The incident has triggered demands for stricter monitoring and transparency in the state's affordable housing allocation process.Read more

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Delhi HC seeks answers as L&DO stalls freehold property conversions

06 May 2025

The Land and Development Office (L&DO) under the Ministry of Housing and Urban Affairs has suspended the conversion of leasehold properties to freehold in Delhi for over two years, affecting thousands of property owners in prime areas such as Lutyens', South, and Central Delhi. While 34,905 out of 60,526 leased properties have been converted, the process has stalled amid delays in finalizing a revised standard operating procedure (SOP) and updated rates. Property owners have raised concerns over corruption and prolonged uncertainty. The Delhi High Court has intervened, pressing for accountability, and sources indicate the new SOP and rates may be issued within three months to streamline and revive the conversion process.Read more

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Maharashtra offers toll-free expressway travel for EVs under new mobility policy

05 May 2025

In a push to accelerate electric vehicle (EV) adoption, the Maharashtra government has announced toll-free travel for EVs on major expressways like the Mumbai-Pune Expressway, Atal Setu, and Samruddhi Mahamarg. The new electric mobility policy includes converting all government vehicles to EVs within five years and supporting battery production and public charging networks. Charging stations will be mandated every 25 km on highways, and petrol pumps will be encouraged to install EV chargers. The policy aims to cut greenhouse gas emissions by one million tonnes by 2030, with added incentives like tax exemptions, low-interest loans, and viability gap funding for infrastructure projects.Read more

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Telangana RERA fines builder for unregistered project promotion in Hyderabad

05 May 2025

The Telangana Real Estate Regulatory Authority (TGRERA) has fined Sanali Housing Projects Pvt Ltd INR 4.2 lakh for promoting its 'Sanali Pinnacle' project in Shaikpet, Hyderabad, without mandatory RERA registration or GHMC approvals. The developer violated Sections 3 and 4 of the RERA Act by advertising a project comprising two cellars and 17 floors through hoardings and online platforms. TGRERA rejected the developer's defense that the promotion lacked specifics, citing that any public communication qualifies as advertisement under Section 2(b). The case reinforces the need for strict compliance with RERA rules to protect homebuyers and ensure transparency in the real estate sector.Read more

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UP clears way for registrations at stalled projects in Noida and Greater Noida

05 May 2025

Uttar Pradesh Chief Secretary Manoj Kumar Singh recently handed over property registration documents to residents of Migsun Green Mansion in Greater Noida, ending years of delay caused by regulatory hurdles. Registrations had stalled due to the developer exceeding the approved FAR, with UPSIDC withholding occupancy certificates. A policy introduced in December 2023 allowed developers to pay 25% of dues upfront and clear the rest in installments to resume registrations. This move has enabled thousands of registrations across stalled projects, including over 3,600 flats in Noida. The initiative has brought relief to homebuyers and aims to rebuild trust in the real estate sector.Read more

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Noida Authority begins the process of returning residential plots to 2,200 farmers

05 May 2025

The Noida Authority has begun returning 31 hectares of residential plots to farmers in Begumpur, Sector 145, ending a two-decade land dispute. Originally acquired in 2007, the land faced prolonged legal battles, culminating in a Supreme Court ruling in 2022 upholding the acquisition with updated compensation terms. Officials confirmed that legal clarity has now been achieved, and demarcation activities were carried out under heavy security. Around 2,200 farmers are expected to benefit. The move is seen as a major step towards resolving long-standing acquisition issues and restoring trust among affected communities while supporting Noida's continued urban development initiatives.Read more

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Ahmedabad civic body set to geotag 24.46 lakh properties

05 May 2025

The Ahmedabad Municipal Corporation (AMC) has launched an INR 250 crore GIS project to geotag 24.46 lakh properties, fulfilling a key requirement for an INR 3,000 crore World Bank loan aimed at infrastructure upgrades. AMC called for both national and international proposals to design and manage a GIS-integrated MIS system. Despite prior fragmented efforts, AMC lacks an integrated GIS platform. Officials asserted that obsolete and scattered data necessitated the new initiative. Once completed, the GIS system will streamline access to information on roads, utilities, and properties, ensuring better planning and execution of projects like drainage, water supply, and sewage treatment facilities.Read more

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Chandigarh authorities issue eviction notice to Janta Colony residents ahead of demolition

05 May 2025

The Chandigarh administration has issued eviction notices to residents of Janta Colony, Sector 25, ordering them to vacate within a week or face forced removal. This move follows the recent demolition of Sanjay Colony in Industrial Area Phase-1, where over 1,200 hutments were cleared, displacing around 6,000 people and reclaiming 6 acres of land valued at INR 250 crore. Authorities maintain that due process was followed and the land was illegally occupied. As part of the city's push for a slum-free environment, officials are urged to ensure proper rehabilitation and resettlement for affected residents to reduce the social impact.Read more

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