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

Orissa High Court demands five-year plan to tackle land encroachment across Odisha

27 Mar 2025

The Orissa High Court has instructed the secretary of the revenue and disaster management department to prepare a comprehensive five-year plan to address land encroachments in both rural and urban areas of Odisha. The court, led by Justice S K Panigrahi, also requested a detailed affidavit within 10 days outlining immediate measures against encroachers. This directive came during a hearing on a petition challenging the Bhubaneswar Development Authority's eviction action under the Odisha Prevention of Land Encroachment Act. The petitioner, who has occupied the land for 30 years, alleged eviction efforts without formal notice. The court granted interim protection against coercive action until April 10.

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Calcutta HC cracks down on Watgunge illegal structure; 53 occupants to be evicted

27 Mar 2025

The Calcutta High Court has ordered the demolition of three illegally constructed floors along a six-foot-wide lane in Watgunge, directing the Kolkata Municipal Corporation (KMC) to carry out the demolition and inspect nearby structures. A division bench, led by Chief Justice TS Sivagnanam, instructed police to evict 53 occupants from the building, serving notices for vacating by April 30, with forced eviction by May 10 if required. The demolition is scheduled to begin on June 19, with KMC to submit a compliance report. The court criticized the building owner for unauthorized construction, flagged concerns over fire safety risks, and reprimanded KMC officials for withholding facts and allegedly protecting the private respondent.

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Indore: IMC demolishes illegal penthouse and commercial structure in Dhar Kothi

27 Mar 2025

The Indore Municipal Corporation (IMC) took action against unauthorized constructions in Dhar Kothi on Thursday, demolishing a penthouse and commercial structure built as part of a three-storeyed building at 76 Dhar Kothi under Zone 11. The structures were reportedly constructed in violation of approved plans. The IMC team, equipped with earthmoving machinery, swiftly removed the illegal portions of the building. Officials stated that this demolition is part of IMC's ongoing campaign against unauthorized constructions, with further actions planned for similar violations across the city.

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Nashik civic body allows offline building plan submissions amid server issues

27 Mar 2025

The Nashik Municipal Corporation (NMC) has temporarily permitted offline submissions and approvals of building plans from March 16 to March 26 due to a server outage affecting its online system. Civic chief Manisha Khatri issued a circular authorising builders and developers to submit plans and obtain completion certificates offline, just 15 days before the financial year-end. The town planning department must maintain a separate register for these offline transactions. Earlier, Khatri had mandated an entirely online process and decentralized approval powers within the department to speed up clearances.

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MHADA to launch Janata Darbar in Chhatrapati Sambhajinagar on March 28 for public complaints

27 Mar 2025

The Maharashtra Housing and Area Development Authority (MHADA) has announced that its Chhatrapati Sambhajinagar Housing and Area Development Board will conduct its first Janata Darbar Din on March 28, 2025, to facilitate direct grievance redressal. The initiative, modeled after Lokshahi Din, aligns with Maharashtra's 100-day action plan, prioritizing citizen concerns under directives from the state's leadership. The forum, chaired by the Chief Officer of the Board, will be held at the Board's office on CBS Road, with written applications due by March 27. The move follows a similar initiative by MHADA's Nashik Board, which successfully conducted its first Janata Darbar Din earlier this month and will now hold the sessions regularly.

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Mumbai sit arrests survey officials for land record tampering in Goregaon property scam

26 Mar 2025

The Special Investigation Team (SIT) has arrested a senior city survey officer and a clerk in Goregaon, Mumbai, for allegedly manipulating land records to enable illegal property transfers. The officials reportedly altered ownership details to benefit private parties, leading to financial losses and legal disputes for genuine owners. This case highlights the growing issue of land fraud in Mumbai, especially in high-demand areas like Goregaon. Similar scams have surfaced in Bengaluru and Hyderabad, prompting stricter government measures like digitization and blockchain-based land records to prevent corruption and ensure transparency in property transactions.

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Assam CM launches PMAY-G letters for 3.88 lakh families, aims to finish houses in a year

26 Mar 2025

Assam Chief Minister Shri Himanta Biswa Sarma has launched the distribution of sanction letters to 3.88 lakh families under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G) scheme, aiming to complete construction within a year. This initiative focuses on providing safe, quality housing for rural, economically weaker sections. Funds will be disbursed in phases directly to beneficiaries' bank accounts, with strict monitoring through digital platforms to ensure transparency. The government is also integrating water and electricity connections through schemes like Jal Jeevan Mission and Saubhagya Yojana. Assam's efforts mirror best practices from other states, aiming for timely, corruption-free implementation.

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CIDCO allots 7,850 flats under affordable housing scheme in Navi Mumbai

26 Mar 2025

CIDCO has allocated 7,850 flats under its mass housing scheme across five nodes Taloja, Kharghar, Kalamboli, Ghansoli, and Dronagiri in Navi Mumbai. The draw, aimed at economically weaker sections (EWS) and lower-income groups (LIG), was conducted for nearly 1.24 lakh applicants. The scheme offered 5,300 flats under the EWS category and 2,500 under the LIG category, priced between INR 18 lakh to INR 31 lakh. CIDCO also offered a 5% rebate on the base cost for immediate payment. Successful applicants must pay 25% within a month and the remaining balance as per a 7-year schedule. CIDCO has tied up with several banks and NBFCs to facilitate loans for the buyers.

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Supreme Court rules government land acquisitions cannot be overturned by private agreements

26 Mar 2025

The Supreme Court of India clarified that once the government acquires land for public purposes under its sovereign power, any third-party rights created thereafter hold no legal standing. The ruling, delivered by a bench comprising Chief Justice Sanjiv Khanna and Justice Sanjay Kumar, established that public bodies benefiting from such acquisitions cannot enter into private agreements to reverse the process. This decision aims to address longstanding delays in key infrastructure projects, particularly national highways, where litigation over acquired land has impeded progress. The judgment reinforces the government's exclusive authority over compulsory acquisitions.

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Rajasthan amends land use rules, ensures compliance with High Court directives

26 Mar 2025

Rajasthan's Minister of State for Urban Development, Shri Jhabar Singh Kharra, confirmed that all urban land use changes in the past three years adhered to Jodhpur High Court directives. Amendments to the Rajasthan Urban Land Use Change Rules-2010 have empowered the State-Level Land Use Change Committee to approve changes while maintaining legal compliance. The government has also introduced administrative fees for land use modifications to prevent arbitrary approvals. With new rules ensuring transparency, Rajasthan's urban planning aims to balance legal mandates with development needs, reinforcing the importance of structured urban growth.

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