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

Bandra residents oppose Carter Road promenade commercialisation plan

Mumbai News Desk

05 Mar 2026

Bandra residents in Mumbai have opposed the Maharashtra Maritime Board's (MMB) plan to introduce commercial activities along the Carter Road promenade, arguing it could compromise its public nature. Represented by IMPACT Citizens Movement for Environment and Civic Action, locals met officials to reject private partnership models for revenue generation, noting that municipal taxes should cover maintenance. They highlighted visual pollution, unequal treatment of suburbs versus South Mumbai, and the promenade's protected status. Earlier attempts to install 35 LED hoardings were halted after public objection, reflecting citizen vigilance over waterfront commercialisation.Read more

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BMC halts Andheri West demolition after slab falls, shaking surrounding buildings

Mumbai News Desk

05 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) stopped demolition work in Andheri West's Seven Bungalows area after a large slab fell from the terrace of the Ratan Kunj building, which is being redeveloped. The slab's collapse caused nearby structures to vibrate and created a dust cloud, alarming residents and prompting them to contact the Versova police. Civic authorities said the demolition site lacked proper safety measures. Although no injuries were reported, the incident raised renewed concerns over compliance and monitoring at redevelopment sites in Mumbai, following past accidents in the city.Read more

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Chandigarh housing board allows allottees to make need-based changes in homes

05 Mar 2026

The Chandigarh Housing Board (CHB) has approved a revised framework allowing allottees to make need based changes in their homes. The policy, sanctioned by UT Administrator Gulab Chand Kataria after a review by a government-appointed expert committee, permits internal modifications, facade painting, and adjustments to balconies, gates, terraces, and water tanks. While the revisions address concerns from earlier guidelines and align with the Supreme Court's floor area ratio directives, some requests for past modifications remain unresolved, meaning only a portion of residents can benefit immediately. This step comes after years of policy review and stakeholder consultations.Read more

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Rajasthan auctions 12 new sand mining plots despite HC concerns

05 Mar 2026

Rajasthan's mining department has moved ahead with the auction of 12 new sand mining plots across Jodhpur, Kota, Pali, and Nagaur, even after the High Court annulled the 2024 auction of 93 gravel leases and requested scientific assessments on natural replenishment. Experts highlight that mining rules and Supreme Court approved guidelines require a five-year pause after lease expiry for riverbed recovery. Sources indicate that the state has issued 256 sand mining Letters of Intent so far, exceeding previous numbers, and has fragmented mining areas into smaller blocks without completing replenishment studies.Read more

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NBCC plans Supreme Court move to seek RERA exemption for 11 stalled Supertech projects

05 Mar 2026

National Buildings Construction Corporation Ltd. (NBCC) is preparing to approach the Supreme Court to seek exemption from RERA registration norms for 11 stalled housing projects of Supertech that it has been directed to complete. The company has stated that current RERA rules restrict fund movement across projects, making execution difficult. NBCC intends to use surplus funds and institutional finance to restart construction within the next few months. Around 14,999 sold homes remain undelivered, and completing them will require an estimated INR 1,700 crore, against expected receivables of about INR 2,200 crore.Read more

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Private firms to operate 60 property registration centres in Maharashtra, Pune and Mumbai in first phase

04 Mar 2026

The Maharashtra government plans to establish 60 property registration centres across the state to improve registration efficiency and reduce long queues at sub-registrar offices. Private entities will run these centres, while government staff will perform all registration work. The first phase will see five centres in Pune, Mumbai, Thane, and Nagpur, with operations expected within the next six months. A service fee of up to INR 6,000 per document will be charged in addition to government fees. Citizens and activists have raised concerns about extra costs and stressed upgrading existing offices first.Read more

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Andhra Pradesh government sets target to provide housing for all poor families by 2029

04 Mar 2026

The Andhra Pradesh government has reiterated its commitment to ensure that every poor family in the state has a permanent house by 2029. Chief Minister N. Chandrababu Naidu informed the Assembly that eligible beneficiaries will receive free house sites or constructed homes, depending on land availability. The government is preparing to organise three lakh house-warming ceremonies before Ugadi and aims to complete and hand over 10 lakh houses during the current year. The housing push forms a central part of the state's welfare and poverty reduction strategy.Read more

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ED attaches INR 14.6 crore assets in Sai Surya Developers fraud case

04 Mar 2026

The Enforcement Directorate (ED) in Hyderabad has provisionally attached immovable properties worth INR 14.6 crore linked to Sai Surya Developers following multiple police FIRs. Proprietor Sathish Chandra Gupta allegedly collected payments from investors for plots but failed to register them, causing financial losses. Investigations revealed unauthorised land layouts, repeated sale of the same plots, and layering of funds across accounts held by Gupta, his family, and related firms to conceal the origin of money. The attached assets include land parcels in the developer's name, and the probe is ongoing.Read more

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DDA awards INR 775.27 crore staff quarters redevelopment mandate to NBCC under self-sustainable model

04 Mar 2026

The Delhi Development Authority has awarded a redevelopment mandate worth INR 775.27 crore to NBCC (India) Limited for overhauling aging staff housing colonies in New Delhi, officials confirmed in the past week. The contracts, issued through separate memoranda of understanding, cover comprehensive redevelopment of staff quarters at Old Rajinder Nagar (valued at about INR 437.79 crore) and Safdarjung Development Area (about INR 337.48 crore). Under a self-sustainable model, part of the built-up area will be monetised to fund construction, and the balance space will be handed over to the DDA for staff accommodation. Current housing comprises 117 units at Old Rajinder Nagar and 152 units at Safdarjung. The redevelopment will involve master planning, detailed project preparation and execution, subject to approvals, with built-up areas estimated at roughly 99,635 sq metres and 65,925 sq metres respectively.Read more

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Bombay High Court directs developer to withdraw anticipatory bail plea, seek relief in Sessions Court

Mumbai News Desk

04 Mar 2026

The Bombay High Court directed a Malad-based developer to withdraw an anticipatory bail plea filed at the High Court while the matter was still pending in the Dindoshi Sessions Court. The bench emphasised that legal relief must first be sought in the court where the case is being heard. The developer complied with the order. The case originates from an investor complaint alleging that the developer collected INR 5.15 crore under a redevelopment MoU but failed to complete key obligations such as eviction, title creation, and coordination with stakeholders.Read more

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