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

Coimbatore City Corporation expedites building plan approvals to reduce delays for residents

28 Jun 2023

The Coimbatore City Corporation has implemented measures to expedite the processing of building plan applications and reduce delays in granting approvals to residents. Previously, the process took a month, leading to a backlog of pending applications. The corporation commissioner has allocated specific timeframes for officials involved in the process and introduced digital monitoring to ensure timely completion. Significant progress has been made, with 300 pending applications cleared in a week, including those pending for over a month. These efforts aim to streamline procedures and provide residents with faster building plan approvals, enhancing urban development in the city.Read more

cover photo

High Court calls for reforms to combat fraud in slum redevelopment

27 Jun 2023

The Bombay High Court has expressed shock and concern over the high levels of fraud in a slum rehabilitation scheme at Bandra Kurla Complex (BKC). The court criticized the existing policy and law governing slum redevelopment and called for reforms to combat trafficking and profiteering. It proposed granting slum dwellers usage rights instead of ownership rights for the allocated flats. The court appointed a court receiver for the BKC project, directed the identification of trespassers and transferees, and suggested insulating the Slum Rehabilitation Authority (SRA) from political influences.Read more

cover photo

Pune civic body mulls making use of STP water mandatory to address water scarcity

27 Jun 2023

The Pune Municipal Corporation (PMC) is contemplating making the usage of sewage treatment plant (STP) water mandatory for grounds, golf courses, and sports facilities to combat water scarcity. Currently, 5 lakh litters of treated water are used for various activities, but PMC aims to increase it to 20 lakh litres due to inadequate rainfall this year. The civic administration has implemented weekly water cuts and is closely monitoring the situation, with decisions on further cuts depending on rainfall. The move aims to conserve potable water and mitigate the effects of water shortage in the region.Read more

cover photo

Villa project and lake encroachment sparks legal battle in Hyderabad

27 Jun 2023

A contentious situation has arisen in Hyderabad, as a villa project undertaken by Greater Infra Projects and allegedly owned by a BRS corporator faces scrutiny for potential violations and encroachment on a water body in Bollaram village. The National Green Tribunal (NGT) has ordered investigations by the Hyderabad Metropolitan Development Authority (HMDA), the Sangareddy district collector, and the Ministry of Environment and Forests. Both sides have denied the allegations and exchanged accusations of technical errors and misidentification. As the legal battle intensifies, the fate of the villa project and the disputed water body remains uncertain.Read more

cover photo

Delhi's property fraud case: duo detained for multi-crore scam

26 Jun 2023

Delhi police have arrested Gunveen Singh and Jitin Pal Singh, implicated in a Rs 4.85 crore property fraud in Chhatarpur. The duo allegedly duped Balaji Metropolis Pvt Ltd director, Yogesh Tyagi, by selling disputed properties. Following a public denial of any sale agreements and the revelation of concealed family disputes, it was discovered that Gunveen was not legally authorized to negotiate the sale. The arrests were made on Sunday in Gurgaon, following the issue of non-bailable warrants.Read more

cover photo

Kolkata civic body to deny mutation certificate without Completion Certificate

26 Jun 2023

The Kolkata civic body has decided to deny mutation certificates to homebuyers in developments without a completion certificate (CC). This move is aimed at stopping unscrupulous realtors from leaving homebuyers stranded in developments that are not yet complete. A CC is the necessary requirement to apply for water and drainage connections, which are essential for the basic functioning of a home. Without a CC, homebuyers may be unable to get these connections, which could leave them without access to essential utilities.Read more

cover photo

Notices issued to two Mohali building owners for regulatory violations

26 Jun 2023

The Greater Mohali Area Development Authority (GMADA) has sent notices to the owners of two buildings neighboring the parking lot involved in the recent cave-in incident in Sector 83. The notices demand the submission of records, governmental permissions, and clearances obtained for the construction of the buildings. GMADA acted following complaints alleging violations of government norms and building plans during the construction of the parking lot. Rajiv Gupta, GMADA's chief administrator, stated that further steps would be taken after the required documents and permission clearances were provided.Read more

cover photo

Delhi HC upholds construction workers' right to pension

26 Jun 2023

The Delhi High Court has emphasized that construction workers' right to pension cannot be denied over technicalities or the absence of certain documents. The court granted relief to a construction worker who had applied for pension but didn't receive it. Stressing the need to process pension applications promptly, the court directed the disbursal of the worker's pension with interest. The court also ordered the Delhi Building and Other Construction Workers Welfare Board to pay costs to the petitioner. The ruling highlights the importance of protecting the rights of construction workers and ensuring they receive the financial support they are entitled to.Read more

cover photo

Bombay HC say no to staying SRA demolition order of Jogeshwari structures

26 Jun 2023

The Bombay High Court has refused to halt the demolition of structures in Jogeshwari (E), stating that it would delay rehabilitation and harm those who have already vacated the area. The court dismissed a petition by 11 occupants who claimed a lack of survey and eligibility assessment. The judges criticized the petitioners' request for an extension as unfair, emphasizing that the rehabilitation units must be constructed first. The court expressed concern over the loss of community and ordered the Slum Rehabilitation Authority to expedite the eligibility process. The hearing was adjourned, and the petitioners agreed to accept transit rent.Read more

cover photo

Bhubaneswar Development Authority allots apartments for Middle-Income Group

23 Jun 2023

The Bhubaneswar Development Authority (BDA) has begun the allotment process for its Daya Enclave housing project, offering 128 two BHK apartments for the Middle-Income Group. Prospective buyers can register on the BDA's official website until July 7 for a chance to participate in the lottery system. However, locals have expressed concerns about the affordability of the apartments, urging the government to consider reducing prices to cater to the target audience effectively.Read more

cover photo