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

Odisha RERA appoints forensic audit firms to investigate project irregularities

02 Apr 2025

The Odisha Real Estate Regulatory Authority (RERA) has appointed forensic audit firms to probe delays and irregularities in ongoing real estate projects. This move is part of RERA's commitment to improving transparency and accountability within the state's real estate sector. The forensic audits will focus on financial mismanagement, delays in project delivery, and non-compliance with regulatory guidelines. The initiative is aimed at safeguarding the interests of homebuyers and promoting stricter enforcement of regulations in Odisha's real estate market, enhancing confidence in the sector.

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Bikaner Land Scam: Government to revoke wrongly allotted plots in Kolayat, Bajju

01 Apr 2025

The Rajasthan government has initiated action to revoke illegal land allocations in Bikaner's Kolayat and Bajju tehsils following an investigation. A committee led by Bikaner's additional district collector (city), has been formed to examine these cases. Official records revealed that between November 2020 and October 2023, 69 cases of land reserved under special allocation and Moharband categories were wrongly allocated under general allocation in Bajju tehsil. Corrective measures are now underway, with the colonisation commissioner or district collector empowered to cancel such allocations. The disputed cases will be reviewed through judicial procedures after submission by the concerned tehsildar.

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Navi Mumbai: Government excludes stilt parking height from 12.5% scheme building limits

01 Apr 2025

The state government has announced that the height of stilt parking will no longer count towards the permissible building height under the 12.5% scheme in Navi Mumbai. This decision aims to facilitate redevelopment projects that were previously hindered by height restrictions. Deputy Chief Minister Shri Eknath Shinde stated that the Unified Development Control and Promotion Regulations (UDCPR) will be updated immediately to reflect this change. The 12.5% scheme, initiated by CIDCO in 1994, allocates developed land to project-affected persons (PAPs) whose land was acquired for Navi Mumbai's development. By excluding stilt parking from height calculations, the government seeks to accelerate redevelopment and benefit numerous residents in the region.

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Coimbatore Corporation initiates demolition of encroachments on Kannapiran Mills Road

01 Apr 2025

The Coimbatore Corporation has commenced the demolition of structures encroaching upon Kannapiran Mills Road in Ward 50. Last week, 13 houses were removed, with the remaining encroachers granted time until the end of April due to ongoing student examinations. This road serves as a crucial link between Sowripalayam Road and Trichy Road, aiding residents from areas like Masakalipalayam, Sowripalayam, and Annamalainagar in bypassing peak-hour traffic congestion. The corporation had previously issued eviction notices in 2023, leading some residents to vacate. Following a recent inspection, more eviction notices were served. Efforts are underway to allocate alternative plots to the displaced families, with the process expected to conclude by April, restoring the road to its original width.

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Haryana government to continue auction system for HSVP plots, rules out lottery method

01 Apr 2025

The Haryana government has reaffirmed that plots under the Haryana Shahari Vikas Pradhikaran (HSVP) will continue to be allocated through an auction system rather than a lottery. This decision aims to ensure transparency and efficiency in land allocation while maximising government revenue. The auction method is considered more beneficial as it prevents manipulation and enables competitive bidding, leading to fair pricing. This move aligns with the government's broader efforts to streamline urban development and attract serious buyers while discouraging speculative transactions.

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Indore Development Authority proposes INR 1,650 crore budget for new residential projects

01 Apr 2025

The Indore Development Authority (IDA) is set to propose an INR 1,650 crore budget for the upcoming financial year, with a focus on launching new residential schemes. The budget also includes provisions for urban infrastructure projects, including a convention centre near the Super Corridor and two Inter-State Bus Terminals (ISBTs) on Bhopal and Dhar roads. These developments are expected to boost real estate activity in Indore by providing better connectivity and modern facilities. If approved, the budget will play a crucial role in shaping the city's urban landscape and attracting further investments.

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Mumbai funnel zone projects to get TDR relief under new DCPR-2034 amendment

01 Apr 2025

Maharashtra Deputy Chief Minister Shri Eknath Shinde announced a major policy change allowing owners and builders within the airport's funnel zone to receive equivalent Transfer of Development Rights (TDR) if height restrictions prevent full utilisation of the Floor Space Index (FSI). Concessions in premium charges for open space deficiencies and FSI exclusions for staircases and lifts have also been introduced. This move is expected to facilitate redevelopment in areas like Santacruz, Vile Parle, and Kurla. A provision in the Development Control and Promotion Regulations (DCPR-2034) has been approved to ease redevelopment constraints. The decision follows repeated appeals from local representatives who highlighted the financial non-viability of redevelopment due to height restrictions.

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Mumbai: BMC issues notices to Juhu housing societies for unauthorised footpath alterations

01 Apr 2025

The Brihanmumbai Municipal Corporation (BMC) has issued notices to 20 housing societies in Juhu for modifying footpaths on Gulmohar Road and N S Road, impacting pedestrian movement. Following complaints from residents, officials found unauthorised carriageways constructed for vehicle entry and exit, creating safety hazards, particularly for senior citizens. Activists highlighted the growing issue of footpath encroachments, especially in redeveloped buildings. The BMC has directed societies to rectify these modifications as per its guidelines. Residents have urged stricter enforcement to prevent further encroachments and ensure safe pedestrian pathways.

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Supreme Court stays probe against Madhya Pradesh RERA chief until April 2

01 Apr 2025

The Supreme Court stayed the investigation against the Madhya Pradesh Real Estate Regulatory Authority (RERA) chief until April 2, offering temporary relief amid legal proceedings. The case involves allegations against the official, which have sparked discussions about transparency and governance in real estate regulatory bodies. The stay order delays further inquiry, allowing time for legal arguments to be presented. Industry experts are closely watching the outcome, as the case could influence the functioning of RERA authorities across India, particularly regarding regulatory oversight and leadership accountability.

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Bombay HC upholds CIDCO's stop-work notice on Ulwe project amid land title dispute

31 Mar 2025

The Bombay High Court dismissed a petition by Bhosale Homes challenging a 2016 stop-work notice issued by CIDCO for its Ulwe project in Navi Mumbai. The court ruled that a development agreement cannot override a disputed land title, affirming CIDCO's authority to halt construction. Bhosale Homes had claimed to be the land's lessee since 2008 and argued that a similar stop-work notice was overturned in 2018 for another project. However, CIDCO contended that the land was allocated to Sir Mohammed Yusuf Trust under the 12.5% scheme. The HC upheld CIDCO's decision, stating that land title disputes must be resolved in a civil court.

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