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

Consumer Court directs GDA to register 36-year-old flat booking

12 Aug 2025

A Consumer Court has ruled that the Ghaziabad Development Authority must officially register a flat that was booked more than thirty years ago after full payment and possession were already in place. The authority's repeated demands for additional payments have now been annulled, and a small compensation awarded for the distress caused. The judgment draws strength from a well-known Supreme Court precedent and illustrates how persistent follow-ups over decades finally brought resolution.Read more

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Navi Mumbai civic body revises property transfer fee policy to enhance transparency

12 Aug 2025

The Navi Mumbai Municipal Corporation (NMMC) has introduced amendments to its property transfer fee policy, aiming to simplify procedures and improve transparency. Approved by the Commissioner and Administrator, the revisions include a ready reckoner-based calculation system, reduced charges for inheritance transfers, and a revised deadline for late fee applicability. The updated structure incorporates clear mathematical methods, provisions for various document types, and specific rules for corporate ownership changes. The late fee provision will apply from October, giving property owners time to comply with the updated requirements.Read more

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Meghalaya Cabinet revamps building bye-laws and civil services exam structure

12 Aug 2025

The state cabinet in Meghalaya approved comprehensive amendments to the building regulations and the structure of civil services examinations, alongside revisions to financial authority delegation. The building permission process will be streamlined through an online system, allowing swift commencement of low-risk projects up to upper ground plus one without technical clearance, while larger projects will undergo third-party verification for faster approvals. In the civil services domain, optional subjects have been eliminated and replaced with a compulsory paper focusing on the state's history, culture and economy. The financial powers have also been upgraded to empower the joint secretary in the absence of a department head.Read more

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Bhubaneswar rolls out QR-coded digital door numbers for all homes

12 Aug 2025

The Bhubaneswar Municipal Corporation has commenced the installation of permanent digital door number (DDN) plates equipped with unique identifiers and QR codes across city households, replacing earlier paper tags. Officials explained that a dedicated mobile application is being developed to locate properties swiftly and to integrate these identifiers with municipal records, including tax and utility data. The initiative aims to enhance emergency response, improve service delivery and reduce tax evasion, with a complete rollout targeted in the coming months.Read more

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MMRDA tightens enforcement on illegal constructions across planning zones

12 Aug 2025

The Mumbai Metropolitan Region Development Authority (MMRDA) has intensified action against unauthorised structures across several of its designated planning zones. Empowered under the Maharashtra Regional and Town Planning (MRTP) Act, officers have now begun issuing formal notices, conducting hearings, and implementing orders as per a new Standard Operating Procedure (SOP). This move is part of a structured push to regulate urban development, discourage violations, and protect unsuspecting homebuyers from investing in illegal constructions. The crackdown spans key growth areas like Bhiwandi, Kalyan, BKC, Palghar, and more.Read more

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India plans new law to boost construction equipment industry

12 Aug 2025

India is preparing a new bill aimed at strengthening its construction equipment (CE) industry by reducing dependency on low-cost imports, particularly from China. The industry has shown modest growth, with a 3% rise in equipment sales and a 10% increase in exports last fiscal. Industry leaders are calling for a sharper focus on green fuels, indigenous advanced machinery, and mandatory operator training. With INR 2 lakh crore in projects already awarded and INR 5 lakh crore more expected soon, the sector is set for steady expansion backed by strong infrastructure momentum.Read more

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Gurugram authorities demolish illegal structures in multiple localities

11 Aug 2025

Gurugram's planning authorities have intensified action against illegal colonies and unauthorised structures, demolishing violations in Palam Vihar, Carterpuri, Mubarikpur, and Iqbalpur. In Palam Vihar, a departmental store operating in a stilt parking area was sealed, while Carterpuri saw the removal of illegal boundary walls, roads, and kiosks linked to unauthorised plot sales. Officials are also addressing breaches within licensed housing societies, where some RWAs have altered common areas in violation of the Haryana Apartment Ownership Act. Repeat offenders may face administrator appointments. The crackdown is part of a wider enforcement push, including measures against forest land encroachments and misuse of residential properties.Read more

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Supreme Court clears INR 28,483 crore dues recovery for BSES firms

11 Aug 2025

BSES Yamuna Power Ltd and BSES Rajdhani Power Ltd, subsidiaries of Reliance Infrastructure, are set to recover regulatory dues amounting to INR 28,483 crore following a Supreme Court directive. The order mandates that the recovery process, covering regulatory assets and carrying costs, be completed within a specified timeframe, starting retrospectively from April 2024. The ruling comes after a decade-long legal dispute over non-cost reflective tariffs, unlawful creation of regulatory assets, and delayed liquidation, impacting millions of electricity consumers in Delhi.Read more

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BSES, Tata Power set to recover long-pending dues after SC verdict

11 Aug 2025

Reliance Infrastructure's power distribution arms, BSES Yamuna Power Ltd and BSES Rajdhani Power Ltd, have received Supreme Court approval to recover INR 21,413 crore in regulatory assets over the next four years. This decision came as part of a broader directive where Delhi's three private discoms, including Tata Power Delhi Distribution Ltd, are allowed to recover a total of INR 27,200.37 crore. The court's judgment settles a decade-long dispute, mandating Electricity Regulatory Commissions to not only set recovery roadmaps but also audit the reasons behind the prolonged deferral.Read more

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Bengaluru KRERA order holds landowners liable in utility connection delays

11 Aug 2025

KRERA has ruled that both developers and landowners are jointly responsible for arranging water and sewerage connections in joint development housing projects. The decision follows complaints from 30 homebuyers of a Yelahanka project who had paid for utilities but are still waiting for connections due to non-payment of dues to BWSSB. KRERA also directed both parties to hand over all necessary project documents to the residents' association. The order strengthens buyer rights and holds landowners accountable, even if the power of attorney has been revoked.Read more

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