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

President of India signs off on amendments to the MHADA Act

05 Dec 2022

Earlier this week the President of India signed off on the proposed amendments to the MAHDA Act 1976, paving the way for owners and tenants to initiate development of a building once categorised by the civic body as dangerous. Presently over 50 building in Mumbai has been declared dangerous. Society members of these building were unable to start the redevelopment process but were being made to pay CESS for the same. With this new development tenants and owners can now apply for redevelopment easily, reducing the time otherwise spent procuring requisite permissions and cooperation from other entities.Read more

cover photo

Maharashtrian citizen can now amend 7/12 documents online

02 Dec 2022

The state of Maharashtra has developed an online web portal that will allow citizens to make changes to land records from the comfort of their own home. The website offers ten services including applications for corrections, new name additions and heirship. Once submitted, an application ID is generated which can be used to check the status of the request. The entire process from application to the changes being reflected on the website takes approximately forty days.Read more

cover photo

PMAY-G likely to get 28,000cr in additional aid to meet targets

30 Nov 2022

Conversations are underway to allocate an additional Rs 28,000 crore for the Pradhan Mantri Awas Yojana – Gramin (PMAY-G), this fiscal year to ensure states meet their construction targets within the stipulated timeframe. The amount will be allotted over and able the Rs. 20,000 crores already allocated for PMAY-G scheme in the 2022-23 Budget. The additional funds will be used to complete construction of 8.9 million houses that remain from their target of 29.5 million rural pucca houses.Read more

cover photo

CIDCO launches computerised lottery for 4,000 houses in Navi Mumbai

30 Nov 2022

Last week, the City and Industrial Development Corporation (CIDCO) conducted a computerised lottery for its housing schemes in Kalamboli, Taloja, Kharghar and Dronagiri. They offered over 4,000 apartments for the Economically Weaker Section (EWS) category. In August 2022, CIDCO announced a mass housing lottery scheme under the PMAY scheme’s directives. Over 4,000 apartments have been allotted under the scheme to the EWS category and general public. In October the scheme received 16,000 applicants. CIDCO has now included the sale of 245 commercial shops at its various housing complexes, commercial premises, and railway stations in the scheme.Read more

cover photo

GCZMA razes hotels and shacks for CRZ violations

29 Nov 2022

The Goa Coastal Zone Management Authority (GCZMA) has ordered the demolition of a restaurant, a shower, a fountain, a vehicle porch, a security cabin and a basement that were discovered to be built between 200 and 500 metres from the high tide line, violating the existing zoning regulations. As it appears, none of the entities had procured the requisite construction approvals. Action was taken after three individuals including former Benaulim MLA Churchill Alemao and the Colva Civic and Consumer Forum complained about the illegal projects.Read more

cover photo

Maharashtra government to introduce its own housing scheme

28 Nov 2022

While speaking at an event organised by the rural development department at YB Chavan Centre, Deputy CM Devendra Fadnavis announced the state government’s intentions to create its own housing to ensure Maharashtra becomes the first state in the country to provide ‘housing for all’. Through the PMAY Rural scheme, the government has allotted over 10 lac homes till date. The new scheme coined Awaas Plus intends to create an additional 3.5 lac homes for those who are not eligible for PMAY and other housing schemes.Read more

cover photo

Madras High Court directs CDMA to demolish building for setback violations

25 Nov 2022

Earlier this week, The Chennai Metropolitan Development Authority (CDMA) demolished portions of a building on Kodambakkam High Road as per the Madras High Court directive. A portion of the building that held a health care centre, a pharmacy and portico were in violation of the assigned setbacks provided by the government. The demolition took place under police supervision.Read more

cover photo

Finance Ministry directs states to submit property transaction details

25 Nov 2022

A letter has been issued by the Finance Ministry to all state registration departments, including Maharashtra, with a copy marked to the chief secretary asking officials to provide details for all sale and purchase transactions relating to immoveable properties exceeding a value of fifty lac rupees. The Ministry has requested that all the data be submitted in the prescribed format by the 15th day of the succeeding month of every quarter. The report is to be submitted to the Financial Intelligence Unit (FIU-Ind).Read more

cover photo

Stay on disputed CRZ plot sale in Nerul to remain

24 Nov 2022

Earlier this week, The Western Zonal Bench of the National Green Tribunal (NGT) ruled that the stay order on the sale of a plot in Nerul remain and gave petitioners two weeks to respond to CIDCO’s defense. The Navi Mumbai Environment Preservation Society (NMEPS) and neighboring residents have filled two petitions with the NGT to halt the sale of this plot citing CRZ violations. CIDCO has defended its decision while questioning the NGT’s jurisdiction to have allowed such petitions to be admitted. The final hearing has been fixed for 20th December 2022.Read more

cover photo

SCDRC orders DLF Homes to compensate homebuyers

04 Nov 2022

The court also ordered DLF Homes to complete the sale deed for unit number A-1/33-GF, which covers a space of 282.017 square meters (3,035.60 square feet), in Anita Singh's favor, within 30 days. However, it has been made clear that the 30-day timeframe will start when the complaint pays the stamp duty and registration fees that are necessary for the sale deed to be registered if she has not already done so.Read more

cover photo