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

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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Telangana RERA imposes INR 3,000 daily penalty on Green Space Bagiratha builder for defying regulator's orders

04 Mar 2026

The Telangana Real Estate Regulatory Authority (TS-RERA) has imposed a daily penalty of INR 3,000 on the developer of the Green Space Bagiratha residential project in Tellapur (near Hyderabad) for failing to comply with earlier regulatory orders, authority records show. The penalty will accrue from the original compliance deadline until the developer fulfils its obligations, according to the regulator's recent order. TS-RERA initiated proceedings after the promoter failed to adhere to directives arising from a homebuyer grievance and subsequent adjudication order. The authority underscored that continuous non-compliance could result in enhanced financial consequences under the Real Estate (Regulation and Development) Act, 2016. The order reflects RERA's enforcement focus on timely delivery and adherence to its directives, aimed at strengthening accountability in project execution and buyer protection. (realty.economictimes.indiatimes.com)Read more

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Kerala hands over first batch of permanent homes to Wayanad landslide survivors

04 Mar 2026

Families affected by the Mundakkai Chooralmala landslides in Wayanad have begun moving into newly built homes under the first phase of the state government's Model Township project. A total of 178 houses were handed over, each built on individual plots with legal ownership documents provided to beneficiaries. The township is planned to accommodate over 400 families once fully completed and includes essential civic infrastructure. The government has stated that rehabilitation of all eligible families will be completed before the upcoming monsoon season.Read more

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AI flags 42,000 ineligible PMAY-G applicants in Prayagraj after self-survey verification

04 Mar 2026

Authorities in Prayagraj district, Uttar Pradesh have identified nearly 42,000 ineligible applicants on the beneficiary list of the Pradhan Mantri Awas Yojana Gramin (PMAY-G) after deploying artificial intelligence (AI)-based verification, officials said in the past week. The new system, introduced last year as part of an upgraded application process, required applicants to complete a mobile self-survey by submitting personal details and photographs of their dwelling units. Out of 1,64,953 applications received from across 23 development blocks, AI flagged 61,566 cases as suspicious where uploaded images suggested ownership of pucca houses. Field verification confirmed about 42,000 of those as ineligible for the rural housing scheme. The process to remove these names from the PMAY-G beneficiary list is underway, as authorities focus on curbing misuse and ensuring that support reaches genuinely eligible rural families.Read more

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Delayed policy execution affects real estate investment in Madhya Pradesh

04 Mar 2026

NAREDCO Chairman Dr Niranjan Hiranandani highlighted that delayed execution of urban development policies and high stamp duty rates are discouraging private investment in Madhya Pradesh. He pointed out that Bhopal's development plan expired in 2005 and Indore's master plan lapsed in 2021, creating uncertainty for developers. Hiranandani also stressed that the state's stamp duty of 12.5 per cent is among the highest in India and suggested that lowering it could increase transactions. He urged timely implementation of policies, updated master plans, and regulatory clarity to boost housing supply, investment, and employment.Read more

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Bombay High Court rejects Maharashtra government’s claim over 193-acre Thane land, orders TDR compensation

Mumbai News Desk

04 Mar 2026

The Bombay High Court has dismissed the Maharashtra government's petition seeking to classify 193 acres in Thane's Manpada-Chitalsar area as acquired private forest land. Upholding a 2017 Maharashtra Revenue Tribunal order, the court found serious procedural lapses in the 1970s acquisition notice, including improper service and lack of authorised signatures. With over 100 acres already used for public infrastructure, the court directed the Thane Municipal Corporation to grant Transferable Development Rights to the original landowner within 21 days, reinforcing due process and property rights protections.Read more

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Legal notice sent to municipal commissioner over alleged irregularities in Mulund dumping ground reclamation

Mumbai News Desk

04 Mar 2026

A legal notice has been served to the municipal commissioner alleging corruption and procedural violations in the Mulund dumping ground reclamation project in Mumbai. The notice claims that mandatory environmental safeguards mentioned in the tender are not being followed and that irregularities are taking place in waste excavation and transportation. It further alleges manipulation at the weighbridge, leading to multiple challans for the same vehicle. The complainant has sought a departmental inquiry against civic officials and warned of court action if no satisfactory response is received. The BMC has stated that the allegations will be examined.Read more

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NGT upholds INR 122 crore environmental damage fine on 337 Morbi ceramic units for illegal coal gasifier use

04 Mar 2026

The National Green Tribunal has upheld an environmental damage compensation of INR 122.05 crore imposed on 337 ceramic manufacturing units operating in the Morbi Wankaner industrial cluster in Gujarat for the illegal use of coal gasifiers. The penalty, levied by the Gujarat Pollution Control Board (GPCB), relates to prolonged non-compliance with directions requiring ceramic units to shift from coal gasifiers to cleaner fuel alternatives such as piped natural gas. In the past week, the NGT dismissed appeals filed by the units challenging the levy on procedural grounds, including the absence of individual show-cause notices and hearings. The tribunal held that the regulator's methodology for calculating and apportioning the compensation was legally sound. The ruling reinforces the applicability of environmental compliance norms in industrial clusters with high pollution intensity.Read more

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MSRDC sets up dedicated unit to accelerate slum-free Mumbai projects

Mumbai News Desk

04 Mar 2026

The Maharashtra State Road Development Corporation has entered the housing sector by forming a dedicated unit to implement slum redevelopment projects across Mumbai under the state's Slum Free Mumbai mission. The agency will redevelop 97,713 acres covering 24,226 slum tenements across multiple suburbs. An eight-member team has been constituted to manage planning, financial structuring, approvals and contractor monitoring. The move expands MSRDC's role beyond infrastructure rehabilitation. Parallel redevelopment efforts are also being carried out by MMRDA in key locations, including Ghatkopar, Jogeshwari and Malad, with thousands of rehabilitation units planned.Read more

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Centre targets INR 52,000 crore from GPRA redevelopment and Badarpur land monetisation

03 Mar 2026

The Centre is planning to mobilise around INR 52,000 crore over the next four years by monetising and redeveloping key land parcels in Delhi, including General Pool Residential Accommodation (GPRA) colonies and land at Badarpur earlier held by NTPC. A large share is expected from commercial use of built-up space in Sarojini Nagar and other redeveloped government housing clusters. This target is substantially higher than the nearly INR 15,000 crore raised over the past five years, reflecting a stronger push under the next phase of the national asset monetisation programme.Read more

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