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%

Location : Ranchi

Jharkhand Housing Board issues notice to MS Dhoni over alleged misuse of residential plot in Ranchi

03 Mar 2026

The Jharkhand State Housing Board has issued a notice to former India captain Mahendra Singh Dhoni over alleged misuse of a residential plot in Ranchi. The board stated that the land was allotted strictly for residential purposes but is suspected to have been used for commercial activity. A final notice has been served seeking clarification, failing which cancellation proceedings may begin. The matter surfaced during a wider review of land-use compliance, where other similar cases have also come under scrutiny.Read more

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Ranchi smart city project picks up pace as land mutation nears completion

25 Feb 2026

The long-running Ranchi Smart City initiative has taken a major step forward as land mutation issues that previously delayed progress are now close to resolution, officials said. Most of the required land parcels part of the roughly 656-acre designated development area have been mutated and allocated, clearing a key procedural hurdle and enabling accelerated infrastructure work across the smart city's planning zones. The breakthrough is expected to unlock stalled development, help attract fresh investment and bring forward construction of housing and amenities, advancing the city's broader modernization goals. Authorities emphasised that resolving land-registration bottlenecks will support smoother implementation of planned utilities and urban design frameworks, boosting confidence among developers and stakeholders engaged in the project's next phases.Read more

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Ranchi plans metro corridors, flyovers and wider roads to ease urban traffic pressure

18 Feb 2026

Ranchi's urban development department has submitted a detailed mobility plan to the central government aimed at improving traffic flow and public transport in the city. The proposal covers widening and upgrading about 160 km of key roads, construction of nine flyovers at congested junctions, and improvements to pedestrian and cycling infrastructure. It also includes plans for three proposed metro corridors spanning nearly 51 km, which have been sent for feasibility studies. The plan seeks to address long-standing congestion and parking challenges across major city areas.Read more

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Ranchi municipal body finds large-scale property tax misreporting across city

15 Feb 2026

The Ranchi Municipal Corporation (RMC) has detected widespread misreporting of property details during a verification drive aimed at improving holding tax collections. Physical inspections revealed that many residential, commercial and institutional properties had declared smaller built-up areas or incorrect usage categories to lower tax liabilities. Hospitals, offices and properties with basements were among those found under-assessed. The civic body has started correcting records, recalculating dues and issuing notices under the Jharkhand Municipal Act, warning of penalties for non-compliance and continued under-reporting.Read more

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Ranchi plans high-speed cameras at 40 accident-prone locations

27 Dec 2025

Ranchi is planning to install high-speed traffic cameras at around 40 accident-prone locations across the city to improve road safety and curb traffic violations. The proposed project, estimated to cost over INR 5 crore, is currently at a preliminary stage, with authorities finalising locations such as major flyovers, Ring Road stretches and busy corridors. The move will expand the existing surveillance network, which covers about 10 key junctions. The cameras will automatically detect overspeeding and signal violations, enabling real-time challan generation and reducing manual enforcement. Officials believe the technology-led approach will improve road discipline, deter risky driving and help reduce accidents once approvals and funding are in place.Read more

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Ranchi civic body cracks down on unauthorised commercial activity across the city

14 Dec 2025

The Ranchi Municipal Corporation has stepped up action against unauthorised commercial activities across the city, targeting properties operating without valid permits or land-use approvals. Municipal teams are inspecting residential and mixed-use areas where shops, eateries and offices are running without trade licences or change-of-use clearance. Notices have been issued asking violators to stop operations or apply for regularisation within set timelines, with penalties likely for repeat offences. Officials said unchecked commercial use strains infrastructure and disrupts residential neighbourhoods. While residents have welcomed the crackdown to reduce congestion and noise, some small business owners have raised concerns over compliance costs. The civic body said it will offer guidance on regularisation while ensuring zoning rules are enforced to support planned and sustainable urban growth.Read more

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Ranchi moves ahead with INR 48.72 crore plan to upgrade three key bus terminals

10 Dec 2025

Ranchi's administration has cleared a INR 48.72 crore plan to rebuild the ITI Bus Stand, the Government Bus Depot and the Birsa Munda Bus Terminal. Each terminal has been given a separate budget, and the redesign focuses on safer structures, better passenger facilities, organised parking and improved handling capacity. The older depot, which dates back to the 1960s, will be completely reconstructed, while the other two will be upgraded with new buildings and expanded services. The work is aimed at bringing these terminals closer to national standards.Read more

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Ranchi police urge landlords to verify tenants after recent criminal activities

16 Sep 2025

Ranchi police have stressed the need for proper tenant verification after recent criminal incidents in the city. Many landlords have not been reporting new tenants to the authorities, even though regulations require it, creating gaps in safety monitoring. Police have directed all stations to collect tenant information and plan awareness campaigns to educate landlords on their responsibilities. This initiative aims to prevent rental properties from being misused for criminal activities and improve safety for residents.Read more

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Ranchi civic body threatens legal action against top property tax defaulters

27 Aug 2025

The Ranchi Municipal Corporation (RMC) has issued a strict directive to the city's top 500 property tax defaulters, demanding that they clear outstanding dues within ten days. The civic body has warned of legal action under the Jharkhand Municipal Act if payments are not made. Officials described the announcement as a last opportunity for chronic offenders, adding that repeated defaults weaken civic services and slow urban development. The RMC highlighted that property tax remains its primary source of revenue and warned that further negligence would invite stringent recovery measures.Read more

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Ranchi civic body begins land survey to curb encroachments

09 Aug 2025

The municipal corporation in Ranchi has initiated a land demarcation and survey campaign aimed at tackling unauthorised encroachments on its properties. The commissioner stated that this move follows recent findings through drone surveillance, which uncovered multiple cases of illegal occupation on civic land. Officials explained that the purpose of this exercise is to identify unutilised plots, reclaim encroached land, and use some of these areas for civic infrastructure such as parks, toilets, and community spaces. Signage and fencing will be introduced to prevent further unauthorised usage.Read more

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Ranchi sees spike in property deals ahead of new circle rate hike of up to 12%

04 Aug 2025

Ranchi's district registration office saw a sudden spike in land registrations this past week, as homebuyers and investors rushed to complete their paperwork before the nearly 10% hike in circle rates came into effect. The increase will impact all 53 municipal wards and 13 surrounding mouzas, leading to a direct rise in stamp duty and registration charges. A total of 1,523 properties were registered in July almost double the average monthly count. The hike affects both residential and commercial land valuations, prompting a last-minute rush among buyers.Read more

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Ranchi civic body marks a decade of PMAY-Urban with over 11,000 homes delivered

02 Jul 2025

Ranchi Municipal Corporation has celebrated a decade of implementing Pradhan Mantri Awas Yojana-Urban, achieving an impressive 88% completion rate by delivering 11,052 homes out of a target of 12,587. The civic body recently handed over keys and saplings to new homeowners in five wards, embodying a message of sustainable beginnings. With PMAY-Urban 2.0 extended to 2029 offering up to INR 2.5 lakh per eligible beneficiary, Ranchi is strengthening its commitment to "Housing for All". This milestone underscores both past success and future ambition in addressing urban housing needs.Read more

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Ranchi civic body cracks down on holding tax defaulters with strict penalties

27 Jun 2025

Ranchi Municipal Corporation is facing a significant revenue shortfall, with over 70,000 property owners defaulting on holding tax payments, resulting in a gap of around INR 20 crore. Despite setting a target of INR 83 crore for the previous financial year, only about INR 80.64 crore was recovered. To address the deficit, the civic body is intensifying enforcement efforts, including water and waste service disconnections, reassessment of vacant plots, and identification of misused properties. A 10% rebate is also being offered for timely payments made in the current quarter, alongside digital and doorstep payment services to encourage compliance.Read more

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Ranchi offers up to 10% rebate on holding tax payments made this month

09 Jun 2025

The Ranchi Municipal Corporation (RMC) has urged residents to clear their holding tax dues by the end of this month to benefit from a rebate of up to 10%. The civic body has rolled out this incentive as part of its annual tax recovery campaign to ensure timely compliance and boost municipal revenues. The rebate is applicable only if the full amount is paid in a single transaction, with partial or instalment payments excluded. RMC has activated both online and offline billing modes to facilitate ease of payment for property owners across the city.Read more

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Ranchi builders face mounting delays as 327 building plans await RMC approval

05 Jun 2025

Real estate developers in Ranchi are currently encountering major project hold-ups due to a backlog of 327 building plan approvals pending with the Ranchi Municipal Corporation (RMC) since earlier this year. The principal cause of the delays was the prolonged vacancy of the legal officer position, essential for final approval of plans. Although a legal officer has been appointed recently following a Jharkhand High Court directive, the accumulated backlog continues to impact builders, stalling construction, and tying up investments. The RMC is gradually working through the approvals, but concerns remain over the financial strain and operational disruptions faced by developers.Read more

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Ranchi civic body cracks down on PMAY beneficiaries with dues

04 Jun 2025

The Ranchi Municipal Corporation (RMC) has issued notices to 308 beneficiaries of the Pradhan Mantri Awas Yojana (PMAY), mainly from the Lighthouse Project (LHP), who have defaulted on payments despite receiving allotment letters in 2022. The LHP consists of 1,008 flats across 5.33 acres in Aani, Dhurwa. Each flat costs around INR 13 lakh, with INR 6.5 lakh subsidised by the Union and state governments. Beneficiaries must pay the balance in five instalments. The RMC has collaborated with Canara Bank and HDFC Bank to expedite housing loan approvals to assist beneficiaries in clearing dues.Read more

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Ranchi to get a 10-lane road, airport and railway station revamp in 2025

28 Apr 2025

Ranchi is undergoing a major transformation in 2025 through a series of infrastructure projects focused on smart urban living, better connectivity, and economic growth. The Ranchi Smart City project is nearing completion, featuring a 647-acre greenfield development with modern amenities and sensor-based street lighting. A 10-lane road project (INR 301 crore) will improve traffic flow across key city points. The Ranchi railway station is being redeveloped with a central allocation of INR 4.44 billion, alongside upgrades at Hatia and Tatanagar. Affordable housing is being addressed with 1,008 modular homes under the Light House Project. Airport expansion and modernization will further boost connectivity and regional development.Read more

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Ranchi civic body cracks down on widespread commercial violations

28 Apr 2025

The Ranchi Municipal Corporation (RMC), district officials, and traffic police conducted a joint inspection earlier this week and found numerous infractions in the city's main business districts, including Kutchery Chowk, Shaheed Chowk, Albert Ekka Chowk, Daily Market, and Anjuman Plaza. The violations identified encompassed unauthorized conversion of parking spaces into commercial units, illegal building extensions, and extensive street encroachments. In response, the RMC has initiated self-assessment procedures for properties in violation to ensure accurate tax compliance and has halted unauthorized construction activities.Read more

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Ranchi revives affordable housing hopes with PMAY 2.0 extension through 2029

16 Apr 2025

The Ranchi Municipal Corporation (RMC) has extended the Pradhan Mantri Awas Yojana (Urban) 2.0 until 2029, aiming to provide housing assistance to low-income families under the Beneficiary-Led Construction (BLC) component. Eligible applicants who are permanent residents within RMC limits as of September 1, 2024, with annual household incomes below INR 3 lakh and no ownership of a pucca house, can receive up to INR 2.5 lakh in financial aid. Applications are accepted both online and offline, requiring documents like Aadhaar, income certificates, land ownership proof, and photographs. Since 2015, over 10,000 beneficiaries in Ranchi have received support under PMAY, and this extension aims to assist thousands more.Read more

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Ranchi civic body cracks down on 70,000 property tax defaulters with aggressive recovery drive

16 Apr 2025

The Ranchi Municipal Corporation (RMC) has launched a ward-level drive to recover holding tax dues from nearly 70,000 property owners who defaulted during the 2024-25 fiscal. The civic body is cracking down particularly on those who have been using residential properties for commercial activities without paying appropriate dues. It also plans to reassess over 13,000 vacant plots and identify unregistered property expansions. With a target to increase holding tax revenue by 10% in the 2025-26 financial year, RMC is combining enforcement with incentives such as a 10% rebate for early payment, aiming to boost compliance and revenue.Read more

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