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

NMMC issues notice to CIDCO over SOP violations at mass housing project sites in Navi Mumbai

29 Dec 2025

The Navi Mumbai Municipal Corporation has issued a notice to CIDCO regarding lapses in the implementation of prescribed pollution control measures at ongoing mass housing project sites within its jurisdiction. The civic body has emphasised strict compliance with the standard operating procedures related to air and noise pollution at construction sites to maintain air quality across the city. During recent inspections, violations were observed at CIDCO-led housing project sites near Juinagar railway station in Sanpada and in Vashi. The corporation has directed CIDCO to implement corrective measures and submit a compliance report within a stipulated timeframe, failing which action, including construction stoppage, may be initiated as per regulations.Read more

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NCLT clears Ambuja Neotia plan to revive stalled Usshar housing project in Kolkata

29 Dec 2025

The National Company Law Tribunal has approved a resolution plan submitted by Ambuja Housing and Urban Infrastructure Company Ltd to take over and complete the long-stalled Usshar residential project at Batanagar near Kolkata. The approval enables a parcel-wise resolution of the debt-laden Riverbank Developers Private Ltd, the original promoter of the larger Calcutta Riverside township. Under the plan, the Ambuja Neotia Group subsidiary will acquire the 9.4-acre Usshar parcel for an upfront payment of INR 34 crore and complete the remaining construction. The move is expected to bring relief to homebuyers who have faced prolonged uncertainty and allow the project to progress independently of broader liabilities.Read more

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High Court restricts HSVP from charging higher plot rates from land oustees

29 Dec 2025

The Punjab and Haryana High Court has ruled in favour of land oustees, holding that the Haryana Shehri Vikas Pradhikaran (HSVP) cannot demand current reserve prices for residential plots when allotment delays were caused by the authority itself. The court found that applicants who responded to a 2018 notice and waited several years for allotment cannot be burdened with sharply increased 2025-26 rates. It set aside inflated pricing, strict payment terms, and excessive interest, and ordered HSVP to charge rates applicable at the time of application.Read more

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Bombay High Court directs action to curb Kanjurmarg dump pollution with IIT Bombay support

29 Dec 2025

The Bombay High Court has asked the Maharashtra government to provide a detailed plan to address pollution and odour from the Kanjurmarg dumping ground. Authorities have been instructed to seek technical guidance from IIT Bombay to make the measures more effective. Residents have long complained about the foul smell and gas emissions affecting health and daily life. The court emphasized a 24x7 grievance system and timely complaint resolution. A special committee is expected to submit practical steps to reduce pollution, making accountability and swift action a priority.Read more

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Godrej Properties accuses joint venture partner of siphoning INR 58 crore in Gujarat project

29 Dec 2025

Godrej Properties Limited (GPL) has accused its Ahmedabad-based joint venture partner, Siddhi Group, of misappropriating INR 58 crore in a township project in Gujarat. Phase I, consisting of 71 buildings, was completed, but Phase II faced delays and structural issues, especially in the Celeste building, which required reconstruction. Despite GPL advancing INR 57.3 crore in loans at 12% interest, Siddhi Group allegedly diverted customer payments from RERA accounts to personal and related-party accounts. Vikhroli police have registered an FIR, investigating allegations of cheating and fund mismanagement.Read more

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GHMC rolls out centralised digital registry to streamline property records

28 Dec 2025

Greater Hyderabad Municipal Corporation (GHMC) has introduced a centralised digital property registry to shift property records from fragmented manual systems to a unified GIS-based platform. The system will create verified digital profiles for every property, capturing ownership details, building data, permits, utility connections and inspection history. Property records will be accessible through QR codes and a citizen portal, allowing real-time updates and verification. The initiative aims to improve transparency, reduce data discrepancies, strengthen property tax administration and simplify citizen interaction with municipal services.Read more

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Bandra East projects face notices over air pollution violations

Mumbai News Desk

28 Dec 2025

Several major infrastructure projects in Bandra East, including the Metro Line 2B and the new Bombay High Court building, have received notices from the H-East ward of BMC for violating air pollution control norms. Contractors are required to submit explanations and take corrective measures promptly, with stricter actions, including work stoppages, on the horizon. Similar warnings had been issued earlier to the Mumbai-Ahmedabad Bullet Train site. A ready-mix concrete plant in BKC was recently shut down for non-compliance, highlighting ongoing challenges in enforcing environmental standards in large urban projects.Read more

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Consumer Panel orders Green Space Infraheights to pay 12% interest for delayed flat handover

28 Dec 2025

A district consumer disputes redressal commission has directed Green Space Infraheights Private Limited to refund INR 12.42 lakh to homebuyers along with 12% annual interest for failing to hand over possession of a residential unit. The commission also awarded INR 20,000 as compensation for deficiency in service and unfair trade practices. The ruling followed the builder's non-appearance despite due notice, leading to an ex-parte decision. The buyers had invested in an affordable housing project with expectations of timely delivery, which remained unfulfilled. The order reinforces consumer rights and highlights growing judicial scrutiny of real estate developers over project delays.Read more

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NMMC demolishes illegal hutments in Sanpada's Turbhe division

Navi Mumbai News Desk

28 Dec 2025

The Navi Mumbai Municipal Corporation (NMMC) carried out a decisive anti-encroachment drive in the Turbhe division, targeting newly erected illegal structures on open land in Sanpada. Acting on the directions of Municipal Commissioner Dr. Kailas Shinde, the demolition was undertaken to curb unauthorized development and protect public land. The operation resulted in the removal of around eight illegal hutments and was executed with adequate manpower, machinery and police support to ensure smooth implementation. Civic officials reiterated that such enforcement actions will continue with greater intensity in the future to deter encroachments and maintain planned urban development across Navi Mumbai.Read more

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Chandivali residents form shadow corporator group to monitor civic works

28 Dec 2025

Residents of Chandivali have formed a citizens group that plans to function as a shadow corporator to closely monitor civic works in L ward. Without entering electoral politics, the group aims to track ward-level budgets, inspect project execution on the ground and follow up on public complaints with the Brihanmumbai Municipal Corporation (BMC). It also plans to use the Right to Information Act when required and publish annual assessments of civic works. The initiative reflects growing citizen involvement in local governance and accountability.Read more

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