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

Bengaluru Development Authority’s 2,294 unsold homes remain a challenge for buyers and the civic body

Bangalore News Desk

24 Feb 2026

Thousands of flats and villas built by the Bangalore Development Authority (BDA) on the outskirts of Bengaluru are facing persistent sales headwinds, with 2,294 units still unsold years after completion despite being priced below comparable private developments. Various attempts to stimulate demand including property exhibitions, bulk-purchase discounts and a 5 per cent rebate on select projects have yielded limited interest, according to local reports. Prospective buyers and existing owners cite inadequate infrastructure and poor connectivity as key deterrents, with many layouts still lacking proper roads, street lighting and essential civic services. Maintenance concerns have also emerged in the absence of functional residents associations, while issues such as seepage in some buildings have further dampened appeal. Even villas launched three years ago have seen only 16 of 100 units sold, underscoring persistent demand challenges for BDA housing stock.Read more

cover photo

Illegal PG facility sealed in Ahmedabad’s Science City LIG housing scheme

Ahmedabad News Desk

24 Feb 2026

The Ahmedabad Municipal Corporation has sealed an unauthorised paying guest (PG) facility operating within a Low-Income Group (LIG) housing scheme in the Science City area, citing its violation of land-use norms. Officials said the establishment was functioning without requisite permissions and had altered the residential character of the LIG development, which was intended strictly for low-income housing under government guidelines. Following complaints from residents and local authorities, civic teams conducted an inspection and subsequently sealed the premises. The action reflects the municipal body's ongoing enforcement of zoning regulations and its insistence that residential schemes adhere to approved use classifications. No details on fines or further legal action against the operator were disclosed at the time.Read more

cover photo

Over 350 land-lease violations uncovered in Pune district, mostly in Pune city and Haveli taluka

24 Feb 2026

A comprehensive survey of government-leased land across Pune district has identified 355 instances of lease violations, with the highest number recorded in Pune city and Haveli taluka. A district administration review of 2,161 leased parcels found breaches that include non-renewal of leases, unauthorised land uses, over-occupation beyond leased boundaries, illegal construction activity, sub-letting for rental income and failure to use land for specified purposes within stipulated timelines. Notices have been issued to the concerned lessees, with authorities reviewing responses ahead of possible enforcement or regularisation measures. Depending on the nature of each violation, actions may include regularisation subject to penalties, resumption of land by the government or other legal steps. The exercise follows irregularities uncovered in high-profile cases involving alleged manipulation of lease records and unauthorised sale of leased government land, prompting heightened scrutiny of lease compliance across all talukas in the district.Read more

cover photo

Maharashtra appellate tribunal stays MahaRERA chairperson’s recall order in Mulund flat dispute

24 Feb 2026

The Maharashtra Real Estate Appellate Tribunal (MREAT) has stayed a recall order passed by the chairperson of the Maharashtra Real Estate Regulatory Authority (MahaRERA) in a long-pending flat possession dispute in Mulund. The tribunal questioned the use of inherent powers to set aside earlier recovery proceedings and flagged the existence of two digitally signed versions of the same order with variations. The matter relates to a flat booked for over INR1 crore with possession promised in 2015. The tribunal has sought clarity on procedural lapses while restoring the position prior to the recall.Read more

cover photo

Noida Authority begins INR 250 crore plan to repair 150 km road network by April

Noida News Desk

24 Feb 2026

The Noida Authority has approved a INR 250 crore project to rehabilitate nearly 150 km of damaged roads across the city, with completion targeted by April. The move follows rising complaints about potholes, uneven surfaces and broken footpaths in several sectors. Work will be executed circle-wise, with multiple contractors engaged at the same time. The project includes resurfacing, strengthening base layers, rebuilding footpaths and repainting dividers. Dust control norms under national clean air guidelines will be strictly followed during execution.Read more

cover photo

Davanagere district issues land title deeds to around 12,000 individuals

24 Feb 2026

The administration in Davanagere district has distributed land title deeds to approximately 12,000 people as part of a recent revenue record conversion exercise, officials said earlier this week. During a ceremony held in Haveri, the Deputy Commissioner announced that 298 residential areas within the district had been formally declared as revenue villages, enabling issuance of the deeds. Davanagere is now ranked second in the state for the number of title deeds issued, reflecting accelerated efforts to update land records and secure legal ownership for residents. Authorities also noted that some beneficiaries were yet to receive their documents, with a distribution deadline set for mid-March, and urged those individuals to contact the local tahsildar's office. The drive forms part of broader land administration reforms aimed at streamlining records, reducing disputes and ensuring clarity of ownership rights for citizens.Read more

cover photo

Delhi government accelerates 232 key infrastructure projects with focus on water and urban services

Delhi News Desk

24 Feb 2026

The Delhi government is closely tracking 232 priority infrastructure projects to speed up execution and improve service delivery across the city. Nearly 150 projects are being handled by the Delhi Jal Board, focusing on sewage treatment expansion, major sewer line work and Yamuna rejuvenation efforts. Other departments including NDMC, PWD and MCD are also part of the review process. After delays over the past three years due to funding and approvals, projects have gained momentum following fund releases from mid-last year and stricter monitoring.Read more

cover photo

Nashik mandates equal use of premium FSI and TDR to invigorate development

24 Feb 2026

The Nashik Municipal Corporation (NMC) has imposed a regulatory requirement that developers must use premium Floor Space Index (FSI) and Transfer of Development Rights (TDR) in an equal 50:50 ratio for all construction projects governed by the city's 2020 Development Control and Promotion Regulations. The move, directed by municipal commissioner Manisha Khatri, is intended to revitalise waning demand for TDR, stabilise its market value and facilitate the city's acquisition of land earmarked for public amenities and infrastructure. Nashik's basic permissible FSI is 1.10, with additional FSI available through premium FSI and TDR, but heavy reliance on premium FSI had weakened the TDR market in recent years, reducing interest among landowners to surrender land in exchange for TDR. By enforcing parity between the two mechanisms, NMC aims to restore balance in the real estate development regime, address stalled land reservations and reduce the financial burden of cash compensation for land acquisition. Officials believe the equal mix will benefit civic planning, landowners and the realty sector by encouraging use of TDR alongside premium FSI.Read more

cover photo

NHAI bars NCC and its subsidiary from bidding for two years over Uttar Pradesh highway dispute

23 Feb 2026

The National Highways Authority of India (NHAI) has barred NCC Limited and its step-down subsidiary, O B Infrastructure Limited, from participating in any NHAI tenders for two years. The action relates to disputes over a 2006 build-operate-transfer annuity project in Uttar Pradesh. NCC has said the order will not impact its existing projects or order book but will affect its ability to bid for new NHAI contracts during the restriction period. The company plans to challenge the debarment legally, while its shares fell sharply following the announcement.Read more

cover photo

Gift City regulator asks dormant firms to give up licences to maintain active financial hub

23 Feb 2026

India's International Financial Services Centres Authority (IFSCA), which oversees the financial hub at GIFT City, has begun urging companies that remain inactive to voluntarily surrender their licences if they do not intend to start operations. This step is aimed at preventing the centre from becoming a registry of paper entities and reinforcing genuine business activity. Some dormant capital market firms have already been approached for licence surrender. The regulator continues to allow flexibility for firms facing legitimate operational delays, while insisting on real presence and activity at the IFSC.Read more

cover photo