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

Supreme Court orders nationwide survey of commercial misuse in residential areas, seeks affidavits from civic bodies

15 Apr 2026

The Supreme Court has directed municipal bodies across all state and Union Territory capitals to conduct a nationwide survey of residential areas being used for commercial purposes without authorisation. The order, issued in the past week, requires civic authorities to identify violations of zoning and building norms and submit detailed affidavits within a stipulated timeline. The directive follows concerns over widespread conversion of residential properties into commercial establishments, affecting urban planning, infrastructure and quality of life. The court has emphasised strict enforcement of land-use regulations and accountability of local authorities. The exercise is expected to lead to identification of violations at scale and may trigger enforcement actions, including sealing or penalties, in non-compliant cases.Read more

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Ghaziabad links plot approvals to mandatory tree plantation with refundable deposits under revised green norms

Ghaziabad News Desk

15 Apr 2026

The Ghaziabad Development Authority (GDA) has introduced mandatory tree plantation norms linked to plot approvals, requiring developers and landowners to earmark green areas and deposit security amounts to ensure compliance. The rules, implemented recently, specify minimum plantation requirements based on plot size across residential, commercial, and institutional developments. Deposits ranging from INR 5,000 for smaller residential plots to INR 2 lakh for institutional uses will be refunded upon verification of plantation. The measure responds to declining green cover and high pollution levels in the city, where rapid infrastructure expansion has led to large-scale tree loss. Authorities aim to integrate environmental safeguards into urban planning by embedding plantation obligations within the approval process.Read more

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Jharkhand RERA imposes INR 83.5 lakh penalty on 77 builders for failure to submit project progress reports

15 Apr 2026

The Jharkhand Real Estate Regulatory Authority (JRERA) has imposed penalties totalling INR 83.5 lakh on 77 builders for failing to submit mandatory quarterly progress reports and ignoring regulatory summons. The action, taken in the past week, forms part of an enforcement drive aimed at improving compliance and transparency in registered real estate projects across the state. Notices had initially been issued to 106 developers, with penalties calculated at INR 25,000 per delayed quarter. The authority has warned of further action, including freezing of bank accounts, in case of non-payment. The move comes amid wider compliance concerns, with more than half of the state's registered projects reportedly not filing required updates, highlighting gaps in regulatory adherence under the Real Estate (Regulation and Development) Act framework.Read more

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Delhi High Court permits demolition drive in Shalimar Bagh for road widening, sets deadline for occupants to vacate

Delhi News Desk

15 Apr 2026

The Delhi High Court has allowed authorities to proceed with a demolition drive in Shalimar Bagh to facilitate road widening, prioritising public infrastructure over private occupation claims. The order, issued in the past week, grants residents time until the end of May to vacate the affected area. The case relates to encroachments on public land earmarked for expansion of Road No. 320, with the court observing that improved connectivity and access for emergency services outweigh individual claims. The ruling follows a petition by occupants seeking protection from eviction. Authorities have been directed to carry out the process in a structured manner, with consideration for relocation timelines, while ensuring that the project proceeds without further obstruction.Read more

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Ghaziabad mandates tree plantation for layout approvals, linking compliance to project size and deposits

Ghaziabad News Desk

14 Apr 2026

The Ghaziabad Development Authority (GDA) has introduced a regulatory requirement mandating tree plantation as a precondition for granting layout plan approvals across residential, commercial and industrial developments. The rule, implemented earlier this month, requires developers and landowners to earmark space for plantation within submitted plans and undertake planting in proportion to project size. The policy also introduces refundable security deposits to ensure compliance, alongside documentation such as photographic evidence. The move is aimed at addressing declining green cover amid rapid urbanisation and infrastructure expansion in the city. Additional provisions cover plantation ratios for different land uses and requirements for green space allocation in institutional developments, forming part of a broader effort to integrate environmental considerations into urban planning approvals.Read more

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Mumbai civic body plans AI-driven system to streamline real estate approvals and reduce processing timelines

Mumbai News Desk

14 Apr 2026

The Municipal Corporation of Greater Mumbai (MCGM) is preparing to introduce an artificial intelligence-based system to modernise real estate approval processes and reduce administrative delays. The initiative, outlined recently, aims to automate key stages of project clearances, minimise manual intervention and improve transparency in decision-making. The proposed framework will use data-driven tools to expedite compliance checks and standardise approval procedures, addressing long-standing concerns over delays in construction permissions. The move forms part of Mumbai's broader push towards digital governance and ease of doing business in the real estate sector. By improving turnaround times and procedural clarity, the system is expected to support developers, enhance regulatory efficiency and strengthen the city's investment environment.Read more

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Maharashtra CM directs creation of structured affordable rental housing system in Mumbai with digital access and legal reforms

14 Apr 2026

Maharashtra Chief Minister Devendra Fadnavis has instructed authorities to establish a structured and accessible affordable rental housing system in Mumbai, alongside a dedicated digital platform to streamline access for citizens. The directive, issued following a policy review meeting in the past week, responds to sustained migration into the city and the resulting pressure on rental housing supply. The proposed framework emphasises aligning demand and supply, ensuring legal compliance in tenancy agreements, and reducing disputes. Measures include appointing designated authorities under the Maharashtra Rent Control Act and strengthening institutional mechanisms for oversight. The move is positioned within the broader effort to address housing affordability challenges for working populations and migrants in India's financial capital.Read more

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Nagpur civic body proposes up to 15% property tax rebate to improve compliance and accelerate collections

14 Apr 2026

The Nagpur Municipal Corporation (NMC) has proposed offering property tax rebates of up to 15% to encourage timely payments and improve compliance among property owners. The proposal, reviewed in the past week, is based on the previous year's response, where over 44% of taxpayers availed rebate schemes. The revised structure aims to incentivise early payments, with higher rebates applicable for payments made within the initial months of the financial cycle, followed by reduced benefits later in the year. The initiative also seeks to promote digital transactions while ensuring steady revenue inflows for civic operations. The move comes amid ongoing efforts by the civic body to strengthen its revenue base and address collection gaps, including significant outstanding dues from various entities.Read more

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RIICO permits RFC to sell industrial properties across Rajasthan with conditions to safeguard land-use norms

14 Apr 2026

The Rajasthan State Industrial Development and Investment Corporation (RIICO) has granted conditional approval to the Rajasthan Financial Corporation (RFC) to sell properties allotted across multiple industrial areas in the state. The decision, taken in the past week, allows RFC to monetise assets located in key industrial hubs including Kota, Alwar and Bhiwadi, subject to regulatory compliance. While plots allotted at prevailing rates can be sold without additional conditions, those allocated at concessional rates require repayment of the concession amount with interest. The approval mandates that land use must remain aligned with original allotment purposes, ensuring continuity of industrial planning norms. The move is expected to unlock underutilised assets and facilitate redevelopment within established industrial zones.Read more

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Supreme Court directs Nowhera Shaik to surrender, links bail to execution of property sale deeds in investor fraud case

14 Apr 2026

The Supreme Court has directed Heera Group chief Nowhera Shaik to surrender before authorities within a stipulated period, while making any future consideration of bail contingent upon her cooperation in executing pending property sale deeds. The order, issued in the past week, forms part of ongoing proceedings in a large-scale investor fraud case involving alleged collections exceeding INR 10,000 crore. The Enforcement Directorate (ED) informed the court that several sale deeds linked to auctioned properties remain unexecuted despite receipt of full consideration. The court also outlined a timeline for completion of these transactions, with provisions for intervention by court authorities in case of non-compliance. The matter relates to recovery efforts for investors affected by the alleged scheme and enforcement of property disposals tied to attached assets.Read more

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