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

Labour ministry issues nationwide heatwave advisory mandating safety measures for workers across sectors

02 May 2026

The Ministry of Labour & Employment has issued a nationwide advisory directing states and Union Territories to implement measures to protect workers amid rising temperatures and heatwave conditions. The advisory calls for rescheduling work hours, provision of drinking water, rest areas, and workplace cooling arrangements, particularly for outdoor and labour-intensive sectors. Employers have been asked to ensure health monitoring and emergency preparedness, while agencies such as ESIC and EPFO have been instructed to strengthen support systems. The move comes as temperatures have crossed 40°C in several regions, including Delhi, highlighting risks for construction workers and daily wage earners.Read more

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Chief Secretary reviews major infrastructure and capital works in Amaravati

02 May 2026

The Chief Secretary of Andhra Pradesh inspected key ongoing infrastructure and development works in Amaravati during a field visit earlier this week. The review covered major projects including steel bridges under Seed Access Road Phase-3, land pooling scheme development in LPS Zone-5D, and the construction of iconic government towers. Officials presented updates on connectivity works, drainage, power networks, and administrative buildings being developed as part of the capital region plan. A detailed review meeting was also held at the APCRDA office to assess overall progress and planning for the capital city.Read more

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Andhra Pradesh High Court orders demolition of illegal beach resort near Thotlakonda over CRZ violations

02 May 2026

The Andhra Pradesh High Court has directed the demolition of an unauthorised beach resort near Thotlakonda in Visakhapatnam, citing violations of Coastal Regulation Zone (CRZ) norms and lack of statutory approvals. The property, originally leased by the Andhra Pradesh Tourism Development Corporation (APTDC) for a small tourism facility, was allegedly expanded into a full-scale resort with permanent structures and hospitality operations. Following inspections and a demolition order issued by the Greater Visakhapatnam Municipal Corporation (GVMC), the court upheld the action and instructed authorities to complete demolition within three weeks. The ruling reinforces regulatory oversight in coastal zones and raises scrutiny over land-use deviations in tourism-linked real estate developments.Read more

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Bombay High Court allows Wadala redevelopment to proceed, clears appointment of new developer after 13-year delay

02 May 2026

The Bombay High Court has dismissed a petition challenging the redevelopment of a large housing cluster in Wadala, enabling Sahakar Nagar Co-operative Housing Society to appoint a new developer after prolonged delays. The project, involving over 800 residential units across 46 buildings constructed in the late 1950s, had remained stalled for more than a decade under the previous developer. The court’s decision removes legal hurdles and permits redevelopment to move forward, offering relief to residents living in ageing structures. A mediator has been appointed to address pending disputes, while the newly selected developer is expected to undertake reconstruction, marking progress in a long-delayed urban renewal project in Mumbai.Read more

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Telangana moves to expand fire safety rules with builder consultations

02 May 2026

The Telangana Fire Department has started consultations with real estate developers to revise the Fire Services Act, 1999, with a focus on widening its scope and improving compliance. A key proposal is to include buildings below 15 metres under fire safety regulations, as most incidents occur in such structures. Authorities also plan to simplify the fire NOC process and strengthen enforcement. Industry bodies like CREDAI and NAREDCO have been involved for feedback. The move follows low compliance levels and recent inspections that exposed safety gaps across several buildings in the state.Read more

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Supreme Court directs L&T to vacate INR 1,000 crore Pali Hill bungalow

Mumbai News Desk

02 May 2026

The Supreme Court has asked Larsen & Toubro (L&T) to vacate a prime bungalow in Mumbai’s Pali Hill area, ending a legal dispute that has continued for over two decades. The property, valued at around INR 1,000 crore, was occupied by former chairman A.M. Naik. The court declined to interfere with earlier rulings, including the Bombay High Court’s eviction order. The decision reinforces ownership rights in long-pending tenancy matters and brings closure to one of Mumbai’s high-value residential property disputes.Read more

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Belagavi civic body steps up crackdown on illegal constructions, raises process concerns

02 May 2026

The Belagavi City Corporation has intensified action against unauthorised constructions, including partial demolition of a multi-storey building in Maruti Galli. The move reflects a stricter enforcement approach but has also raised concerns over lack of prior notice and procedural clarity. Reports suggest some illegal structures had earlier received approvals such as completion certificates and property identification numbers, pointing to administrative lapses. The crackdown follows earlier probes into building violations and irregular approvals, bringing attention to gaps in monitoring, coordination, and accountability within the city’s planning and enforcement system.Read more

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Mumbai Taximens society redevelopment faces dispute over Syba Spaces selection

Mumbai News Desk

01 May 2026

A redevelopment proposal at the Bombay Taximen’s Cooperative Housing Society in Kurla, Mumbai, has triggered internal conflict among residents following the selection of Syba Spaces as the developer. The 8.5-acre housing complex near Bandra-Kurla Complex includes over 650 residential units and commercial spaces. Allegations of lack of transparency, quorum issues, and procedural violations during the special general meeting have been raised by dissenting members. The dispute highlights governance challenges in large-scale housing society redevelopments in Mumbai’s prime urban locations.Read more

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RERA rulings enable Bengaluru allottees to seek compensation from BDA for project delays

Bangalore News Desk

01 May 2026

Recent rulings by the Karnataka Real Estate Regulatory Authority (K-RERA) and appellate tribunal have enabled homebuyers in Bengaluru to seek compensation from the Bangalore Development Authority (BDA) for delays and lack of basic infrastructure. By classifying BDA as a ‘promoter’ under the Real Estate Act, regulators have extended accountability norms traditionally applied to private developers. Orders directing compensation payments for delayed amenities have created a precedent, potentially opening the door for a large number of allottees to file similar claims, particularly in long-delayed layout projects such as Nadaprabhu Kempegowda Layout.Read more

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Gaya imposes ban on construction and land transactions in select areas till 2027

01 May 2026

Authorities in Gaya have enforced a temporary ban on construction activities and land transactions in designated areas as part of a planned township development strategy. The restrictions, applicable until 2027, aim to prevent unregulated development and streamline land use planning for future urban expansion. The move is intended to facilitate structured infrastructure development while avoiding legal and ownership complications during project execution. The decision reflects a broader approach towards planned urbanisation in emerging cities, where authorities are seeking to align land use with long-term development frameworks.Read more

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