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

Mumbai: BMC introduces app to control construction debris dumping across Mumbai

25 Mar 2025

The Brihanmumbai Municipal Corporation (BMC) is developing a mobile app and tracking system to monitor the movement of construction and demolition (C&D) waste from collection to disposal, aiming to curb illegal dumping in water bodies, mangroves, and open spaces. Under the auto-development Control Regulations (DCR) system, applicants for construction or repair permissions must declare the waste volume and select an approved dump site. The system tracks debris movement and time slots and requires truck drivers to upload images during collection and dumping. Site operators must update the system with the quantity dumped. The initiative also supports two underutilized C&D processing plants, as BMC seeks to reduce reliance on unregulated debris handlers and promote responsible waste disposal through designated facilities.

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Karnataka News: Chamarajanagar UDA adds gram panchayats to manage urban expansion

24 Mar 2025

The Chamarajanagar Urban Development Authority (CUDA) has expanded its jurisdiction to include gram panchayats such as Chandakavadi, Haradanahalli, Madapura, Shivapura, and Kudluru, aligning with rapid urbanization spurred by the Badanaguppe-Kellamballi Industrial Area. The 1,595-acre industrial hub, home to major investments like Muttiah Beverage's INR 1,400 crore plant and Tecchren Batteries' INR 2,000 crore facility, is driving housing demand. In response, CUDA has launched a 14-acre residential layout in Jalahallihundi under a 50:50 model. Declared a Special Investment Region, the area is set for further industrial expansion, balancing economic growth with planned urban development.Read more

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SBI defrauded of INR 5.5 crore through fraudulent housing loans in Chennai

24 Mar 2025

The CBI's Economic Offences Branch, Chennai, has booked a landlord, builder, bank-valuers, buyers, and unknown-others for defrauding SBI of INR 5.5 crore through a fraudulent housing-loan. In 2020, siblings S Vakisan and S Deivanai secured a INR 4.26 crore loan for a Tiruporur villa, falsely-valued at INR 6.3 crore by bank-empanelled valuers. An audit later revealed the villa was built in 2016 and previously-mortgaged. The actual-value was INR 3.5 crore. The bank suspected the landowner's involvement and filed a CBI complaint. Following a Madras High Court directive, the CBI has registered a case for investigation.Read more

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GujRERA grants dual status to society members in redevelopment projects

24 Mar 2025

The Gujarat Real Estate Regulatory Authority (GujRERA) has ruled that existing society members in redevelopment projects will have dual status as both "allottees" and "co-promoters," ensuring they receive RERA protections. Previously, they were classified only as co-promoters, limiting their rights. This decision, made in the Antilia apartment case, obligates builders to fulfill commitments to original homeowners, granting them the same legal safeguards as new buyers. The ruling sets a precedent for future redevelopment cases and enhances regulatory oversight. Legal experts see this as a major step towards fairness and accountability in Gujarat's real estate sector.Read more

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HC Judgements: Telangana High Court halts land acquisition for Vikarabad Industrial Park over farmer protests

24 Mar 2025

The Telangana High Court has ordered a status quo on land acquisition for a multi-purpose industrial park in Vikarabad after farmers from Lagacherla and Hakimpet villages challenged the process. Farmers argue that the state bypassed the mandatory social impact assessment, despite the government acquiring 217 acres and distributing compensation. The case reflects ongoing land disputes across India, including similar legal battles in Tamil Nadu and Maharashtra, where courts intervened due to alleged procedural lapses. The ruling underscores the need for transparent land acquisition, fair compensation, and proper consultation to prevent delays in industrial development.Read more

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Kerala plans major land law reforms to boost industry allowing larger land holdings and relaxed approvals

24 Mar 2025

The Kerala government is considering major amendments to land laws to promote industrial growth, including increasing the land ceiling for industries from 15 acres to 100 acres and relaxing rules on converting paddy land and wetlands. The reforms aim to attract investments but face criticism over environmental and agricultural risks. Similar changes have been implemented in Gujarat, Karnataka, and Rajasthan to facilitate industrial expansion. However, concerns remain about reducing local governance powers and potential land misuse. Striking a balance between economic growth and sustainability will be crucial for Kerala's long-term development.Read more

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Tamil Nadu finalises Coimbatore Masterplan with focus on urban infrastructure

24 Mar 2025

The Tamil Nadu government is set to finalise Coimbatore's second masterplan after 30 years, with a vision extending to 2041. The draft, published in February 2024, received over 3,000 suggestions, leading to modifications in the final version. According to district collector Pavankumar G Giriyappanavar, key inputs are being incorporated before its expected release in May 2025. The plan focuses on urban infrastructure, water management, green spaces, and transportation. Additionally, separate masterplans for Mettupalayam and Pollachi are in progress. Officials highlight the long-term impact of this initiative, but concerns remain over public participation in the planning process.Read more

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Ghaziabad Development Authority expands jurisdiction to 77 villages along expressways

24 Mar 2025

The Ghaziabad Development Authority (GDA) has approved the assimilation of 77 villages along the Delhi-Meerut Expressway and Eastern Peripheral Expressway to regulate rapid urbanization and infrastructure growth. This move includes 51 villages near Modinagar, Loni, and Baghpat, and 26 villages near Ghaziabad city. The GDA also addressed plot relocations in Madhuban Bapudham and approved fair land allocation for farmers. Similar expansions in cities like Chandigarh and Tambaram highlight the importance of structured urban planning. By integrating these villages, GDA aims to ensure systematic development, curbing unregulated growth and enhancing the region's infrastructure.Read more

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Madhya Pradesh to develop metro clusters under structured urban planning

24 Mar 2025

The Madhya Pradesh government has announced plans to develop two major metropolitan regions-one integrating Indore, Ujjain, Dewas, and Dhar, and the other encompassing Bhopal, Sehore, Raisen, Vidisha, and Biora. This initiative aims to transform these clusters into economic hubs, boosting investment, employment, and business opportunities. The state is implementing policies like Transfer of Development Rights (TDR), the Integrated Township Policy-2025, and the Green FAR concept to ensure sustainable urban growth. Learning from cities like Mumbai and Delhi, MP seeks to balance rapid urbanization with infrastructure and environmental planning, positioning itself as a key economic player.Read more

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Himachal Pradesh approves INR 219.46 crore welfare budget for construction workers

21 Mar 2025

The Himachal Pradesh Building and Other Construction Workers Welfare Board has sanctioned a INR 219.46 crore budget for 2025-26 to enhance welfare programs for construction workers. INR 160 crore is allocated for social welfare initiatives, including health benefits, education support, and accident relief. A INR 35 crore day boarding school in Dehra, Kangra, will provide quality education for workers' children. The board will also digitize beneficiary records for transparency and efficiency. Emphasizing skill training, the initiative aligns with similar programs in Maharashtra and Karnataka, aiming to uplift construction workers and ensure long-term social and economic security.Read more

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