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

Secunderabad Cantonment drafts new building bye-laws to modernise urban planning

16 Apr 2025

The Secunderabad Cantonment Board has released draft building bye-laws to align with Greater Hyderabad Municipal Corporation (GHMC) standards. The revised rules introduce a four-zone system based on road width and land use, aiming to guide planned development. Stricter penalties are proposed to tackle unauthorised construction, along with clear guidelines for residential, commercial, educational, and public buildings. The draft also focuses on safety and sustainability, mandating features like fire safety, parking, rainwater harvesting, and rooftop solar panels. Framed under the Cantonments Act, 2006, and National Building Code, 2016, the draft is now open for public feedback before finalisation.Read more

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Zirakpur Municipal Council cracks down on unauthorized construction in the New Defence Colony

15 Apr 2025

The Zirakpur Municipal Council has taken firm action against unauthorised construction in Mohali's New Defence Colony and Old Kalka Road. A builder's project was sealed for violating approved plans, posing safety risks. Residents welcomed the move, citing long-standing concerns. In a separate operation, illegal houses and structures on government land near Goldmark Vira City were demolished. The council emphasised strict penalties for breaches and urged public cooperation in reporting violations. These enforcement measures reflect a renewed commitment to urban planning compliance. Officials warned builders against encroachments, stressing that legal action would follow any future violations to uphold safety and development norms.Read more

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Kolkata: KMC mandates info boards at all under-construction buildings for transparency

15 Apr 2025

The Kolkata Municipal Corporation (KMC) has mandated that all under-construction buildings display boards with sanctioned plan numbers, architect/LBS names, and building heights. This move aims to protect prospective flat-buyers from promoter violations. Borough engineers are instructed to identify non-compliant sites and issue stop-work notices. Surveys will ensure board visibility, following directives from the mayor's office. Officials say such boards will boost buyer confidence. KMC engineers are also urged to coordinate with local police to ensure safe enforcement. Senior officials will monitor compliance through reports from borough engineers to ensure prompt action against unauthorized or hidden constructions across the city.Read more

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Mumbai: BMC-SRA to redevelop Worli slums into skyscraper cluster near Coastal Road

15 Apr 2025

In a landmark initiative, the Brihanmumbai Municipal Corporation (BMC) has begun groundwork to transform a 12-acre prime stretch of land in Worli, previously dotted with slum settlements, into a high-end waterfront enclave. The plan, a first of its kind, involves a collaborative effort with the Slum Rehabilitation Authority (SRA) to amalgamate government and private plots and construct a cluster of luxury skyscrapers. This redevelopment, spanning the scenic coastline off the arterial Coastal Road, has sparked controversy among slum dwellers and activists concerned about displacement. Despite this, the BMC envisions a sustainable and economically viable urban model.Read more

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Sewri-Worli connector: Displaced families may receive compensation of up to INR 1 crore

15 Apr 2025

Families affected by the construction of the Sewri-Worli elevated connector, specifically those residing in Laxmi Niwas and Haji Noorani buildings at NM Joshi Marg, are set to receive financial compensation rather than resettlement tenements. The Mumbai Metropolitan Region Development Authority (MMRDA) has identified 83 families 60 from Laxmi Niwas and 23 from Haji Noorani for displacement due to the infrastructure project. In a recent meeting, the authority proposed monetary compensation ranging from INR 25 lakh to INR 1 crore, depending on the unit's size and location, due to a shortage of available tenements. This approach marks a shift from the conventional resettlement model.Read more

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LDA intensifies crackdown on illegal real estate with Palm Residency demolition in Lucknow

15 Apr 2025

The Lucknow Development Authority (LDA) has intensified its campaign against unauthorized real estate developments by demolishing Palm Residency, an illegal 38-acre colony located in Bakkas Village, part of Sushant Golf City. Despite having no layout approval, the site had partially developed infrastructure, including roads, drainage lines, and a site office. Acting under court directions, the LDA carried out a large-scale demolition, warning developers and buyers against initiating or investing in unapproved layouts. The move signals a tougher stance by the authorities on illegal plotting in the Lucknow real estate market.Read more

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Gurugram: NGT bans mining on protected Aravali land in Rajawas village

15 Apr 2025

The National Green Tribunal (NGT) recently directed the Haryana government to halt all illegal mining activities in a 119.55-acre protected forest area in Gurugram's Rajawas village until further notice. This directive follows a report highlighting the auctioning of protected Aravali land for mining purposes. The NGT has mandated state authorities and involved parties, including M/s Landsworthy Mining & Infra LLP, to submit their responses within four weeks. Residents have raised concerns over the environmental implications and are advocating for the area's designation as a wildlife reserve.Read more

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Rajasthan High Court mandates hearings for owners of 19 Walled City buildings amid sealing orders

15 Apr 2025

The Rajasthan High Court has directed a committee, led by the Urban Development and Housing Department Secretary, to hear appeals from owners of 19 sealed buildings in Jaipur's Walled City. These buildings were previously sealed for unauthorized commercial use and alleged heritage violations. The court responded to petitions claiming the owners were denied a personal hearing, emphasizing that each case must be individually reviewed. The committee must submit its report within two months, ahead of the next hearing on May 20. This move highlights the need for due process while balancing heritage preservation with the rights and livelihoods of local traders.Read more

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Ahmedabad: AUDA enforces new SOPs for RMC plants to curb pollution and streamline urban growth

15 Apr 2025

In a recent development, the Ahmedabad Urban Development Authority (AUDA) approved a new SOP for setting up ready-mix concrete (RMC) plants, requiring operators to obtain licenses and adhere to pollution control measures. The authority also sanctioned 16 town planning schemes, including the redevelopment of Jaspur Lake and plantation work in Khoraj. Additionally, AUDA initiated reconstruction efforts for deteriorating housing under its urban poor housing scheme. These measures are part of Gujarat's ongoing efforts to enhance urban infrastructure and development.Read more

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TGRERA cracks down on stalled Jaya Diamond project after buyer protests

15 Apr 2025

The Telangana Real Estate Regulatory Authority (TGRERA) has issued an interim directive to Jayathri Infrastructures India Pvt Ltd, instructing an immediate halt to all activities related to its 'Jaya Diamond' project. This action follows multiple complaints from homebuyers, consolidated under the Jaya Diamonds Welfare Association, citing prolonged construction delays and unfulfilled commitments. TGRERA has suspended the project's registration, barred any sales or transfers, and frozen the project's bank account. These measures will remain in effect until a final decision is rendered.Read more

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