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

MahaRERA targets the resolution of all pending recovery warrants in three months

18 Mar 2025

The Maharashtra Real Estate Regulatory Authority (MahaRERA) plans to resolve all pending recovery warrant cases within three months, as announced by State Revenue Minister Chandrashekhar Bawankule earlier this month. Currently, only 316 out of 1,342 recovery complaints have been executed, with the Mumbai suburban and Pune districts accounting for over 60% of the outstanding amount. The total pending recovery stands at INR 985.23 crore, with only INR 214.21 crore recovered so far. While officials are working with collectors to expedite the process, activists argue that a structured approach, including a tracking system, is necessary to ensure effective implementation.Read more

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Maharashtra government to seize properties of developers over pending MHADA dues

17 Mar 2025

The Maharashtra government is intensifying efforts to recover pending dues from developers involved in the redevelopment of buildings on MHADA land. With INR 172 crore still outstanding, Minister of State for Housing Shri Pankaj Bhoyar announced that the properties of defaulting developers would be seized. Complaints have already been lodged against 22 private developers for financial losses to the state, while INR 274 crore has been recovered from others. The issue of transit camps, originally meant for temporary housing, has worsened due to prolonged occupancy and unauthorized residents. The government's action aligns with past measures where defaulters faced blacklisting or property seizures.Read more

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Maharashtra Public Works Department scraps Carter Road jetty project

17 Mar 2025

Residents and environmental activists celebrated a major success earlier this week, as the Maharashtra Public Works Department (PWD) announced its decision to scrap the proposed jetty project at Carter Road beach in Bandra. The project, aimed at providing an anchoring point for fishing boats, was met with strong resistance from locals concerned about environmental impact and disruption to the coastline. The Maharashtra Maritime Board (MMB) intervened, instructing PWD to remove five truckloads of stones that had been dumped without proper approvals. MMB officials confirmed that PWD had failed to obtain the mandatory No Objection Certificate (NOC) before initiating work, ultimately leading to the project's cancellation.Read more

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Navi Mumbai: NMMC intensifies action against abandoned vehicles and unauthorized hawkers

17 Mar 2025

The Navi Mumbai Municipal Corporation (NMMC) has intensified its efforts to ensure the roads and footpaths within its jurisdiction remain accessible to citizens. Municipal Commissioner Dr. Kailash Shinde has been regularly reviewing the city's management, highlighting the nuisance caused by abandoned vehicles and unauthorized vendors. These issues have been disrupting both traffic flow and the city's cleanliness. In response, the Encroachment Department has been instructed to issue notices to vehicle owners and take strict action under Sections 230 and 231 of the Maharashtra Municipal Corporation Act, 1949. Additionally, a campaign will soon be launched to remove unauthorized hawkers and vendors from sidewalks to restore public spaces to their intended use.Read more

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Lucknow Development Authority suspends map approvals for Ansal's housing project

17 Mar 2025

The Lucknow Development Authority (LDA) has suspended map approvals for plots in Ansal's housing project, pending scrutiny of land records and government decisions. Additionally, LDA has filed a claim under the Insolvency Resolution Process (IRP) amid Ansal API's bankruptcy proceedings at the NCLT. The authority has also recommended cancelling Ansal's licence and taking over the incomplete project. With INR 432 crore in pending dues, the project faces scrutiny over land acquisition violations and infrastructure lapses. The government's final decision and investigations will determine the fate of the project and relief for affected residents.Read more

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Over 400 women in Delhi secure property rights under PM-UDAY on Women's Day

14 Mar 2025

On International Women's Day, over 400 women in Delhi's unauthorized colonies took a major step toward property ownership under the PM-UDAY scheme, aimed at legalizing homes in 1,731 colonies. Of 432 applications, 101 women received ownership documents, unlocking financial opportunities like bank loans and property transactions. Studies show that women's property ownership improves household welfare, economic security, and gender equality. This initiative follows global models like Landesa and SEWA, ensuring women's participation in urban development. The success of PM-UDAY sets a precedent for gender-inclusive real estate reforms across India's urban landscape.Read more

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Svamitva scheme empowers rural India with formal land ownership records

14 Mar 2025

The Svamitva scheme, launched by Prime Minister Narendra Modi in April 2020, aims to provide official property ownership records to rural residents. As of February 2025, only 36.6% of Rajasthan's 36,352 villages have completed property record preparations, with drone surveys covering 35,721 villages and 8.6 lakh property cards issued. Nationally, drone surveys have been completed in 3.18 lakh villages, producing 2.38 crore property cards. The scheme helps resolve land disputes, enables access to loans, and fosters economic empowerment. While progress varies across states, the initiative is transforming rural land ownership, supporting inclusive growth and financial accessibility.Read more

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Rajasthan High Court halts sealing of 19 commercial complexes in Jaipur's Walled City

14 Mar 2025

The Rajasthan High Court has issued a status quo order, temporarily halting the sealing of 19 commercial complexes in Jaipur's Walled City after the Jaipur Municipal Corporation - Heritage (JMC-H) ordered their closure for alleged illegal commercial activity in a UNESCO World Heritage site. The case, dating back to 2019, centers on concerns that businesses are damaging historic structures. However, shop owners argue they were not given a fair hearing. The ruling reflects broader challenges in heritage conservation vs. economic growth, as seen in Delhi's Chandni Chowk and Mumbai's Colaba, where similar disputes continue.Read more

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New Delhi Rental Rules: Landlords must register foreign tenants with FRRO and police

14 Mar 2025

The Delhi Police has introduced new guidelines requiring property owners, administrators, and managers to report foreign nationals renting accommodations to the Foreigners Regional Registration Office (FRRO) within 24 hours using Form 'C'. Additionally, landlords must inform the local police station, maintain tenant records in Form 'B', and provide details for background verification. Non-compliance may lead to legal action. Similar measures exist in Bangalore, Mumbai, and Hyderabad to enhance national security and tenant tracking. These regulations aim to prevent misuse of properties, ensure compliance with foreign residency laws, and could influence other cities to adopt stricter tenant registration protocols.Read more

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RERA News: Telangana RERA penalizes builder for non-compliance, mandates project registration

14 Mar 2025

The Telangana Real Estate Regulatory Authority (TGRERA) has directed a builder to register 'RDB Coconut Grove Apartment' under RERA and imposed a penalty of INR 6 lakh for non-compliance. The order follows a complaint from the residents' society, which accused the builder of failing to provide promised amenities and leaving parts of the project incomplete. While the builder defended the delays by citing pre-RERA approvals and a legal dispute, TGRERA ruled that ongoing construction necessitated compliance. The authority has given the builder 90 days to complete pending work and 45 days to register the project, warning of further penalties for non-compliance.Read more

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