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

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

cover photo

Telangana HC raises alarm over illegal constructions in GO 111 zone

05 May 2025

The Telangana High Court has raised serious concerns over unauthorized concrete constructions in Hyderabad's GO 111 zone, a protected 10-km radius around Osman Sagar and Himayat Sagar reservoirs. The court issued notices to state authorities and the Pollution Control Board, questioning their inaction as large convention centres-each hosting up to 5,000 people-have emerged in the bio-conservation zone. Petitioner Mandadi Madhava Reddy argued these developments violate environmental norms, leading to pollution, traffic congestion, and loss of green cover. The court has demanded responses within four weeks, stressing the need to enforce regulations to protect the city's vital water bodies and ecological balance.Read more

cover photo

UP RERA fires 12 staff over integrity issues, tightens anti-corruption measures

02 May 2025

In a strong push for transparency, UP RERA has dismissed 12 employees across departments over integrity-related violations, following the arrest of an accountant caught accepting a bribe. Those terminated include engineers, legal staff, computer operators, and support personnel. Chairman Sanjay Bhoosreddy affirmed the authority’s zero-tolerance policy on corruption, mandating integrity affidavits from all employees and enhancing office surveillance via CCTV. A case has also been referred to the Bar Council under the Advocates Act. These actions reinforce UP RERA’s commitment to ethical governance, aiming to boost public trust and set a precedent for accountability in India’s growing real estate sector.Read more

cover photo

Supreme Court launches probe into housing loan fraud by NCR developers

02 May 2025

The Supreme Court has directed the CBI to investigate Supertech Limited and other NCR-based developers over suspected collusion with banks that has left thousands of homebuyers burdened with EMIs for undelivered projects. Highlighting a "prima facie unholy nexus," the court noted that developers secured massive loans under subvention schemes, where builders were to pay EMIs until possession—but defaulted, passing the burden to buyers. Supertech alone borrowed over INR 5,157 crore. The court ordered seven preliminary enquiries, forming an SIT with support from state DGPs, RBI, ICAI, and urban authorities. This landmark move may lead to stricter oversight and accountability in India’s real estate financing.Read more

cover photo

DDA reclaims 24 acres from Yamuna floodplain, removes 4,400+ illegal structures

02 May 2025

The Delhi Development Authority (DDA) informed the National Green Tribunal that it has reclaimed 24 acres of encroached Yamuna floodplain land, part of ongoing efforts to clear over 7,362 hectares of illegal occupation in Zone O of the Delhi Master Plan 2021. In coordination with Delhi Police, the DDA has demolished over 4,400 jhuggis, 25 religious structures, six dairies, and three cricket grounds. However, legal stay orders, such as those affecting Majnu ka Tilla, continue to hinder progress. To prevent future encroachments, 93 CCTV cameras have been installed, and ecological restoration projects are underway to revive the floodplain environmental function.Read more

cover photo

Bihar rolls out MIS portal to boost transparency in land acquisition projects

02 May 2025

The Bihar government has launched a new Management Information System (MIS) portal aimed at increasing transparency and efficiency in land acquisition processes across the state. The portal offers real-time access to comprehensive information on various land acquisition projects and is expected to enhance coordination among stakeholders while reducing bureaucratic delays. This digital initiative is part of the state’s broader e-governance and land reforms programme, which has been actively working toward digitising land records and improving public access to official data in recent years.Read more

cover photo

MHADA to digitize 15 crore records, reduce RTIs and boost transparency

02 May 2025

MHADA has announced a major digitization drive to make 15 crore documents—including property records, building plans, and allotment details—publicly accessible through a new online portal. The initiative aims to reduce the need for Right to Information (RTI) applications by providing citizens direct access to housing-related data. MHADA Vice President Sanjeev Jaiswal said the move will streamline operations, enhance transparency, and ease administrative burdens. The user-friendly portal will allow individuals to search and retrieve documents without formal requests. This effort is part of MHADA’s broader strategy to improve public service delivery and foster greater citizen trust through proactive digital governance.Read more

cover photo

Bombay HC clears Elphinstone bridge demolition for Sewri-Worli Connector project

02 May 2025

The Bombay High Court has dismissed a PIL against the demolition of the British-era Elphinstone bridge, allowing the MMRDA to proceed with the Sewri-Worli Connector project. The court upheld technical reports declaring the bridge unsafe, despite local protests. The 4.5-km elevated corridor will improve east-west connectivity, linking the Mumbai Trans Harbour Link to the coastal road and easing traffic near major hospitals and Dadar-Parel stations. Meanwhile, residents in Sewri are demanding in-situ rehabilitation, saying MMRDA’s INR 25–40 lakh compensation is inadequate. Authorities are set to resume demolition and reassess rehabilitation plans, though local resistance may continue to pose challenges.Read more

cover photo

Bombay HC: Development deal with no TDR transfer not taxable under GST

01 May 2025

The Nagpur bench of the Bombay High Court recently overturned a GST demand placed on Shrinivasa Realcon, in a landmark ruling that will have an effect on Maharashtra's real estate market. The court determined that the development agreement in question did not involve a taxable transfer of development rights (TDR), as the construction utilized existing Floor Space Index (FSI) without acquiring additional rights. This ruling provides clarity on the applicability of GST to development agreements lacking explicit TDR transactions.Read more

cover photo

Punjab & Haryana HC strikes down Haryana's RERA debt recovery powers

01 May 2025

The Haryana government's directive, which gave Real Estate Regulatory Authority (RERA) officials direct recovery powers similar to revenue officers, was declared invalid by the Punjab and Haryana High Court earlier this week. The court determined that this move contravened the Real Estate (Regulation and Development) Act, 2016, which delineates RERA's role as primarily adjudicatory. The state's notification, issued in May 2024, was challenged by a real estate firm in June 2024, leading to this landmark judgment. The court emphasized that enforcement of dues must align with the Haryana Land Revenue Act, 1887, necessitating the involvement of designated revenue officers.Read more

cover photo