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

Mumbai’s PAP housing shortage slows pace of infrastructure projects

Mumbai News Desk

07 Apr 2026

Mumbai is facing a significant shortage of housing for project-affected persons (PAPs), which is impacting the pace of infrastructure development. The civic body requires nearly 75,000 rehabilitation units but has access to only about 8,000, creating a large gap. Policy tools like TDR have not fully translated into adequate housing supply, while concerns over misuse and delays persist. Authorities are now considering converting SRA transit camps into permanent units and have formed a coordination committee to address the issue and improve execution.Read more

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HRERA directs Chintels India to pay over INR 4 crore to homebuyer for construction defects

07 Apr 2026

The Haryana Real Estate Regulatory Authority has directed Chintels India Pvt Ltd to pay over INR 4 crore as compensation to a homebuyer in Gurugram for severe construction defects in a residential project. The complaint highlighted structural issues soon after possession, which remained unresolved. The order follows a fatal tower collapse in the same project that exposed serious construction flaws. Authorities concluded the project was unfit for habitation. Along with compensation, the builder has been asked to refund additional charges and pay interest, while some claims such as rent and EMIs were not accepted.Read more

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Over 18 lakh kanals of land remain under encroachment in Jammu and Kashmir as eviction efforts continue

07 Apr 2026

Jammu and Kashmir continues to face large-scale land encroachment, with over 18.38 lakh kanals reported under illegal occupation across state and forest land. While authorities have started eviction drives and recovered a small portion, the overall progress remains limited compared to the total encroached area. District-wise data shows widespread impact across both Jammu and Kashmir divisions. The government is using legal action, joint enforcement drives and technology-based surveys to address the issue, while the High Court continues to monitor the situation through ongoing proceedings.Read more

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Bengaluru moves to allow up to 15% deviation in building plans

07 Apr 2026

Bengaluru's planning authority has proposed increasing the permissible deviation in building plans from 5% to 15% to help property owners facing issues in obtaining occupancy certificates. The draft amendment aims to regularise minor construction deviations through payment of compounding fees while ensuring safety norms are maintained. The move is expected to benefit a large number of buildings currently considered non-compliant. Public feedback has been invited, with suggestions open until April 30, after which the revised rules are likely to be finalised and implemented.Read more

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Noida Authority plans mixed land use scheme and Centre of Excellence at GBU

07 Apr 2026

The Noida Authority is preparing to introduce a mixed land use property scheme to allow residential, commercial and institutional activities within the same development. The proposal is expected to be reviewed soon and could bring more flexibility in land utilisation. At the same time, plans are underway to set up a Centre of Excellence at Gautam Buddha University to support research and industry collaboration. These initiatives are part of a broader effort to improve urban planning, attract investment and strengthen Noida's position as a growing economic and knowledge hub.Read more

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Gujarat allows faster property certification with new 7-day rule

07 Apr 2026

The Gujarat government has revised rules under the Land Revenue Act to speed up property transaction certification. Undisputed cases with clear ownership records can now be certified on the same day, removing the earlier 30-day waiting period. In cases requiring verification, the notice period has been reduced to seven days. The move aims to reduce delays, limit misuse of objections, and improve efficiency in land dealings. The reform is expected to benefit residential, commercial, and agricultural transactions while supporting faster ownership transfers and improving overall market activity.Read more

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Punjab and Haryana High Court halts Haryana's stilt-plus-4 housing policy citing infrastructure gaps

07 Apr 2026

The Punjab and Haryana High Court has stayed Haryana's stilt-plus-4 housing policy due to concerns over inadequate infrastructure in residential areas. The policy, aimed at increasing housing supply, allowed four floors above stilt parking. However, petitions highlighted narrow internal roads, congestion, and pressure on civic services. A court-appointed panel found that actual road widths in several areas were much lower than planned standards. The court has paused the policy until further review, indicating a closer examination of urban planning and implementation gaps.Read more

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PNB Housing Finance reports INR 933 crore NPA divergence after NHB review

07 Apr 2026

PNB Housing Finance has reported an additional INR 933 crore in bad loans after a review by the National Housing Bank. The divergence relates to FY23 and is linked to loan restructuring that did not fully meet regulatory norms. This has increased gross NPAs to over INR 3,200 crore. The issue involves two project loans where interest rates were reduced. One loan has been repaid and the other remains standard. The company stated that the disclosure has no immediate financial impact.Read more

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Over 19,000 beneficiaries covered under Uttar Pradesh's rural housing scheme in Gorakhpur division

06 Apr 2026

The Uttar Pradesh government's Chief Minister Rural Housing Scheme has covered over 19,000 beneficiaries across the Gorakhpur division, with more than 17,000 families already shifting into completed pucca houses. Implemented to support households excluded from the Pradhan Mantri Awas Yojana Gramin (PMAY-G), the scheme has seen an expenditure of around INR 219 crore so far. Beneficiaries receive financial assistance of INR 1.2 lakh for house construction, along with additional support for sanitation, electricity, and LPG connections. The programme prioritises vulnerable communities and disaster-affected families across four districts in the division. Parallel progress under PMAY-G has also contributed to large-scale rural housing delivery in the region.Read more

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Maharashtra contractors warn of work halt over INR 96,000 crore pending dues across infrastructure projects

06 Apr 2026

The Maharashtra State Contractors' Association has warned the state government of a potential halt in infrastructure works from April 7 if pending dues exceeding INR 96,000 crore are not cleared. The dues span multiple departments, including public works, water supply, rural development and urban infrastructure. The association stated that despite partial payments of around INR 20,000 crore in the previous year, fresh bills have pushed arrears back to high levels, impacting nearly three lakh contractors. The development comes amid reported fiscal pressures on the state government due to increased welfare spending and borrowing, raising concerns over project execution and liquidity across the construction ecosystem.Read more

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