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

Land Reform in Odisha: Cabinet allows limited sale of tribal land to boost industrialization

21 Nov 2023

The Odisha Cabinet, chaired by Chief Minister Naveen Patnaik, has approved amendments to existing legislation, allowing Scheduled Tribe (ST) members to sell land to non-tribals in scheduled areas, with certain restrictions to prevent landlessness. The move, based on recommendations from the Scheduled Tribes Advisory Council, aims to address concerns raised by the ST community and boost industrialization. The amendment is to the Odisha Scheduled Areas Transfer of Immovable Property (by STs) Regulation, 1956, and follows 2002 amendments that restricted ST-category citizens to transfer property only to other tribals. The decision is expected to provide economic opportunities and support development in the state.Read more

cover photo

Madras HC directs the government to compensate 39 landowners with Rs 1.95 lacs

21 Nov 2023

The Madras High Court directed authorities to compensate 39 individuals with Rs 5,000 each for land parcels earmarked for acquisition but left undeveloped, citing a lack of implementation of development plans by the state government. Justice B Pugalendhi expressed dissatisfaction with the government's failure to acquire properties within the stipulated five-year period, deeming them lapsed reservations. The judge ordered the release of petitioners' lands from the respective development plans and mandated the Director of Town and Country Planning to pay compensation within a month, highlighting broader concerns about the government's commitment to plan implementation and the need for just compensation.Read more

cover photo

Bombay High Court upholds Swashray CHS's right to terminate agreement amidst builder's delays

18 Nov 2023

The Bombay High Court has intervened in a dispute between Swashray CHS in Borivali (West) and developer Shanti Enterprises, emphasizing that a housing society should not be bound by a development agreement if the developer consistently defaults, leaving the project incomplete. The court restrained the builder from obstructing construction either through self-development or a new appointee. Swashray CHS terminated its 2018 agreement with Shanti Enterprises in March 2023, citing a lack of faith in completion and outstanding transit rent of Rs 90 lakh.Read more

cover photo

Telangana High Court orders plot registration for 320 housing board employees

18 Nov 2023

The Telangana High Court has ruled in favour of 320 Telangana Housing Board employees, putting an end to a 25-year legal battle over house plots. The court dismissed government and housing board arguments, directing the registration of plots for all allottees who make the specified payments within four months. The decision also nullified Government Order (GO) 32, which had restricted genuine allottees, providing relief to employees who had been entangled in the dispute since 1986. The verdict addresses concerns over the conversion of allotted plots into flats and marks a significant resolution to a prolonged legal conflict.Read more

cover photo

HC orders investigation into the illegal seizure of plots allocated for underprivileged communities in Gurugram

18 Nov 2023

The Punjab and Haryana High Court has instructed the Haryana government to address the alleged seizure of 100 square yard plots in Gurugram, designated for disadvantaged communities by the state, by the 'land mafia'. The court's directive to the state government emphasizes the urgency of addressing these illicit transactions and upholding the rightful allocation of plots meant for the underprivileged. There is a need for prompt legal action to prevent further encroachments and ensure justice for the intended beneficiaries.Read more

cover photo

Homebuyers take legal action against Triveni Developers for fraud allegations

18 Nov 2023

Triveni Developers, led by Ashok Jethwa and Mihir Jethwa, face legal action for alleged fraud involving delays and deception in housing transactions, particularly impacting an 82-year-old buyer. Rameshchand Joshi filed a case against the developers, accusing them of failing to deliver a promised flat despite receiving payments. Multiple assurances and missed deadlines led to a case citing breach of trust and cheating. The complaint, now expanded by Joshi's daughter, reveals a wider pattern of fraudulent practices, including selling the same flats to multiple buyers without necessary permissions, emphasizing the importance of vigilance in real estate transactions.Read more

cover photo

Maharashtra considers relocating 143 property registration offices for improved accessibility

17 Nov 2023

State registration officials in Maharashtra have highlighted the need to relocate 143 out of 519 property registration offices to ground floors for improved accessibility, particularly targeting offices without lifts and currently situated on the first floor. Pune alone has earmarked 16 out of its 27 offices for potential relocation due to these accessibility issues. This initiative aims not only to address physical accessibility but also to ensure that essential amenities are available to all visitors, emphasizing inclusivity and a citizen-centric approach.Read more

cover photo

Delhi High Court raises concerns over alleged fraudulent allotment of 128 properties

17 Nov 2023

The Delhi High Court has addressed a significant issue involving the alleged fraudulent allotment of 128 properties in Delhi based on forged recommendation letters. The court raised concerns about the lack of follow-up actions by relevant authorities and directed the Delhi Development Authority (DDA) to prevent any further third-party interests or sales related to the properties in question. The court expressed dissatisfaction with the lax approach of the Land and Building Department (L&BD) and other authorities involved, emphasizing the importance of holding officials and beneficiaries accountable for their actions. The court called for a thorough investigation, considering the gravity of the situation.Read more

cover photo

UP Housing Board provides 35 percent discount on 5,000 flats in Ghaziabad

17 Nov 2023

The Uttar Pradesh Housing Board, in a strategic move, has decided to offer a 35 percent discount on around 5,000 unsold flats in Siddharth Vihar, Mandola, and Vasundhara. This initiative, aimed at revitalizing the housing market and providing affordable housing solutions, follows a lukewarm response to a previous 20 percent discount. Online registrations for the discounted properties opened on Diwali, with specific allocations for each location. The housing schemes include approximately 4,700 unsold units, and awareness campaigns are planned to boost their popularity. The move aligns with the board's commitment to affordable housing, potentially addressing the demand surge in Ghaziabad.Read more

cover photo

KMC implements water meters in new constructions to curb wastage

17 Nov 2023

The Kolkata Municipal Corporation's (KMC) water supply department has taken a significant step to address water wastage by implementing water meters in upcoming constructions. This initiative aims to gauge neighbourhood water consumption patterns and minimize the significant loss of treated water. Following a survey in the Dum Dum-Cossipore region, the program is being expanded to other parts of the city, starting with the Mukundapur area. The KMC plans to install water meters in all new constructions, including individual apartments and housing complexes. The move comes after alarming figures revealed high water consumption in certain households, prompting officials to take measures to curb wastage and promote responsible water use in Kolkata.Read more

cover photo