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

KDMC told to file economic crime case over 65 unauthorized buildings

22 Sep 2025

Maharashtra's Deputy Chief Minister, Shri Eknath Shinde, has directed a thorough investigation and legal proceedings against developers responsible for constructing 65 unauthorized buildings in Kalyan-Dombivli. These structures, deemed illegal by the High Court, have left residents vulnerable to eviction after being misled by builders. Shinde has instructed the Kalyan-Dombivli Municipal Commissioner to file a complaint with the Economic Crime Investigation Branch. Additionally, he emphasized the importance of public awareness by suggesting the installation of information boards and regular publication of official building lists on the municipal website to assist citizens in obtaining accurate information.Read more

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Navi Mumbai civic body intensifies demolition drive against unauthorised construction in Vashi

22 Sep 2025

Navi Mumbai Municipal Corporation (NMMC) carried out a demolition drive in Vashi against an unauthorised building despite prior notices being served. The action, initiated under the directives of Municipal Commissioner Dr Kailas Shinde, was supervised by Additional Commissioner Dr Rahul Gethe and Deputy Commissioner Dr Kailas Gaikwad. The partial demolition was supported by civic engineers, encroachment officials, police, and workers, with heavy machinery and labour deployed. Authorities indicated that such anti-encroachment operations would be intensified in the coming period.Read more

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Illegal colonies near Noida airport demolished, land worth INR 2,500 crore reclaimed

22 Sep 2025

The Yamuna Expressway Industrial Development Authority (YEIDA) has demolished several illegal colonies near Noida International Airport, reclaiming 155 acres of land valued at about INR 2,500 crore. The colonies, promoted under names like Aeronest Coloniser, Shri Radha Gauri Enclave and Rudra Properties, were spread across Jhajhar and Kakod in Bulandshahr. FIRs are being lodged against those involved. This is part of a series of recent actions, including drives that freed land worth INR 226 crore in Jewar Bangar and Mewla Gopalgarh, and INR 407 crore in villages where projects were marketed with misleading names.Read more

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GCZMA cracks down on unauthorised resorts and shacks in Agonda

22 Sep 2025

The Goa Coastal Zone Management Authority (GCZMA) has directed the removal of unauthorised shacks and resort extensions on Agonda Beach in Canacona, a protected turtle nesting site. Inspections revealed that these constructions lacked mandatory licences and approvals despite some owners holding pollution and tourism permits. The authority clarified that payment of house tax does not confer legality and instructed most violators to dismantle the illegal portions themselves.Read more

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Mumbai Crime Branch arrests former Lodha Developers Director for fraud

20 Sep 2025

Rajendra Lodha, a former director at Lodha Developers, was arrested in Mumbai on September 17 in connection with an alleged fraud uncovered during an ongoing investigation. Lodha was taken into custody from his Worli residence by the Mumbai Crime Branch property cell and brought to court, which remanded him to police custody until September 23. He had resigned from all positions at Lodha Developers on August 17, 2025, at the company's request, after an ethics committee reviewed his conduct. Lodha Developers has referred the matter to authorities and is implementing recommendations from an external review.Read more

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Greater Noida Authority penalises builders for neglecting sewage treatment obligations

20 Sep 2025

The Greater Noida Authority has imposed penalties amounting to INR 54 lakh on seven builders whose sewage treatment plants (STPs) were found non-functional, leading to untreated sewage being released into drains. The Authority has reiterated that the operation of STPs is mandatory and warned that repeat violations will lead to FIRs as per directives from the National Green Tribunal and the Central Pollution Control Board.Read more

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Virtual PPAs may rescue India's 40 GW stranded green energy projects

19 Sep 2025

The government of India is moving to rebid around 40 GW of stalled solar and wind projects due to missing power purchase agreements. Officials clarified that no investments have been made yet, only price discovery, with solar tariffs between INR 2.38-2.56/unit and wind between INR 3.70-3.90/unit. FICCI stated that CERC is close to finalizing guidelines for virtual PPAs, which could unlock financing for these stranded projects. Virtual PPAs allow corporate buyers to support renewable projects financially without direct electricity delivery, receiving renewable energy certificates for ESG compliance, addressing delays in traditional PPA payments.Read more

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Punjab and Haryana High Court upholds HRERA penalties against Ansal Properties

19 Sep 2025

The Punjab and Haryana High Court recently upheld interim penalty orders issued by the Haryana Real Estate Regulatory Authority (HRERA) against Ansal Properties and Infrastructure Ltd. for non-compliance with the Real Estate (Regulation and Development) Act, 2016 (RERA). Despite the company's ongoing insolvency proceedings under the Insolvency and Bankruptcy Code, 2016 (IBC), the court ruled that such proceedings do not exempt the company from statutory obligations, emphasizing the need for compliance through its resolution professional.Read more

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Delhi HC: Grandchildren cannot claim grandparents' property if parents are alive

19 Sep 2025

The Delhi High Court has clarified that grandchildren cannot claim a share in their grandparents' property while their parents are alive. The ruling came in a case where a woman sought partition of her late grandfather's West Delhi property, arguing it was ancestral. Justice Purushaindra Kumar Kaurav held that under the Hindu Succession Act, 1956, property passes to Class I heir's spouse, children, and mother; not grandchildren if their parent survives. The court further ruled that property inherited from parents is an heir's absolute property, not automatically ancestral. The judgment underscores that grandchildren have no rights unless their parent is predeceased or a joint family estate is proven.Read more

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GCDA proposes special team for land pooling at Infopark Phase III

19 Sep 2025

The Greater Cochin Development Authority (GCDA) has proposed forming a special revenue team to manage land pooling for the upcoming Infopark Phase III campus in Kochi. Covering over 300 acres, the project recently received in-principle approval from the state's Electronics and IT Department. The team, led by a senior official, will include revenue staff, surveyors, and a legal expert to ensure a structured and transparent process. Landowners will be engaged to voluntarily pool land, which will then be reconstituted into developed plots and returned. A memorandum of understanding between GCDA and Infopark is expected soon, paving the way for phased development.Read more

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