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

HC Judgement: Court direct Bhopal Collector to enforce INR 3.26 lakh RERA order in 10 days or appear in court

10 Mar 2025

The Madhya Pradesh High Court has ordered the Bhopal Collector to enforce a 2020 RERA directive within ten days or appear in court on March 12. The order follows a contempt petition filed by Arvind Verma, as the Collector failed to recover INR 23.26 lakh from a defaulting builder despite repeated court instructions. This case highlights RERA enforcement challenges across India, where builders delay payments and authorities fail to act. The central government is reviewing RERA regulations to strengthen compliance. The case underscores the need for stricter enforcement to protect homebuyers and uphold regulatory credibility.Read more

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Affordable Housing in Pune: Residents' concerns addressed as PMRDA mandates repairs in PMAY housing

10 Mar 2025

A CoEPTU report has confirmed that all 4,883 PMAY flats in Sector 12, Pimpri Chinchwad are structurally stable, but leakage issues, especially in toilets, require urgent repairs. The Pune Metropolitan Region Development Authority (PMRDA) has directed the developer to complete repairs within a month. Following resident protests, PMRDA conducted an inspection, revealing 85% of repairs are completed. Similar quality concerns have arisen in other PMAY projects across India, highlighting the need for better construction oversight. The Pimpri Chinchwad case underscores the importance of monitoring and enforcing quality standards in affordable housing projects nationwide.Read more

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Odisha Real Estate: Apartment sale deeds in Bhubaneswar set to restart after two-year delay

10 Mar 2025

Bhubaneswar will resume apartment sale deed registrations from April, ending a two-year delay caused by litigation and RERA rule confusion. The government has issued a notification exempting pre-RERA buildings, simplifying resale. This addresses the challenge of older apartments lacking occupancy certificates (OCs), mirroring issues in cities like Mumbai. The Orissa High Court's 2022 order and the 2023 Apartment Act had slowed registrations, requiring OCs, which many older buildings lacked. Similar to Mumbai's OC challenges, Bhubaneswar aims to regularize older buildings. The government's efforts seek to boost market transparency and provide a potential model for other cities facing similar real estate registration issues.Read more

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World Trade Centers Association terminates 13 WTC licenses in India over contract violations

10 Mar 2025

The World Trade Centers Association (WTCA) has terminated 13 licenses held by WTC Noida Development Pvt. Ltd and Spire Techpark Ltd due to contract violations and failure to meet operational standards. The termination, effective February 19, 2025, impacts WTC projects in Noida, Ahmedabad, Chandigarh, Lucknow, GIFT City, and others. WTCA, a non-profit licensing body, cited severe brand damage as the key reason. Similar developer disputes have occurred in Mumbai, China, and South America, raising concerns about real estate accountability. The fallout from this decision highlights growing scrutiny of global property affiliations in India.Read more

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Gurgaon News: GMDA cracks down on unauthorized construction, inspects 130 sites for Change of Land Use violations

10 Mar 2025

The Gurgaon Metropolitan Development Authority (GMDA) has launched a crackdown on unauthorized construction, forming three inspection teams to assess sites where Change of Land Use (CLU) permissions were rejected, returned, or canceled. With 130 sites in 42 villages under scrutiny, violators will face strict enforcement actions. Similar issues have arisen in Noida and Mumbai, where authorities have sealed buildings and fined developers for bypassing zoning laws. GMDA's proactive stance aims to curb illegal construction, enforce urban planning regulations, and maintain zoning integrity, setting an example for other growing cities to ensure legal and sustainable development.Read more

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RERA News: Homebuyers lose compensation claim as MahaRERA stresses timely action

10 Mar 2025

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has denied relief to two homebuyers of Ekta Tripolis, Goregaon, who sought interest and compensation for delayed possession. Despite possession being promised by December 31, 2020, the buyers did not take possession until 2023, after the Occupancy Certificate (OC) was issued. MahaRERA ruled that under Section 18 of RERA, claims are only valid if possession was not offered, stressing the importance of timely legal action. Similar cases in Delhi, Bengaluru, and Pune reinforce the need for buyers to act swiftly to secure their rights under RERA.Read more

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Andhra Pradesh government begins land resurvey to improve accuracy and transparency

10 Mar 2025

Andhra Pradesh has launched a new land resurvey project, set to be completed in three years, as confirmed by Revenue Minister A Satya Prasad. The initiative, started on January 20, follows a pilot survey in selected villages and adopts a systematic approach, dividing villages into 20 blocks and surveying 20 acres daily. This effort aims to correct past errors, enhance transparency, and restore public trust in land administration. The updated land records will support urban planning, revenue collection, and infrastructure development, ensuring more accurate and reliable land management in the state.Read more

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Goa Real Estate News: Special drive for construction regularization sees poor response

07 Mar 2025

A special one-day drive to clear South Goa's backlog of unauthorized construction regularization petitions saw a poor response, with only 183 applicants attending out of 1,246 pending cases. Of the 96 cases processed, only 34 were approved. Despite efforts, 1,150 applications remain unresolved, highlighting slow progress. The initiative follows a January 2025 drive aimed at expediting approvals. The state government has set a March 2025 deadline to resolve 5,500 cases, but low participation and inefficiencies raise concerns. A more effective strategy, including better communication and streamlined processes, may be needed to meet the deadline.Read more

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Ahmedabad Land Scam: Builder held for land fraud dating back to 1986

07 Mar 2025

Ahmedabad's CID (crime) branch has arrested Raman Patel, owner of Popular Builders, for his alleged involvement in a decades-old land scam. The case stems from a 2024 complaint by Kanu Thakor, who accused Patel and others of fraudulently acquiring his ancestral land in Makarba using forged documents, including a fake death certificate. Investigations revealed that the land transfer in 1986 was illegal, as the deceased had passed away in 1980. Patel, who has a history of legal troubles, is in police custody until March 11. Authorities aim to uncover a larger land scam network through this case.Read more

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HC Judgement: Court orders Darjeeling Municipality to halt unauthorized construction on Mall Road

07 Mar 2025

The Calcutta High Court has directed Darjeeling municipality to prohibit unauthorized construction on Mall Road while hearing a case against alleged illegal development. The municipality defended its actions, stating that the current work is part of a Gorkhaland Territorial Administration (GTA)-funded beautification project, including road expansion and hawker relocation. However, the petitioner presented an RTI response suggesting GTA was constructing a structure near Sunflower Hotel. The court has now ordered GTA's inclusion in the case and requested a detailed project report. The final ruling will determine if the redevelopment aligns with legal requirements.Read more

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