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

Maharashtra government clears structured land policy for Third Mumbai development

15 Feb 2026

The Maharashtra cabinet has approved a detailed land acquisition and allotment policy to support the development of the proposed Third Mumbai region along the Mumbai Trans Harbour Link corridor. The policy enables land procurement through mutual agreement or statutory compensation, offers a 22.5% developed land return to project-affected owners, and introduces a pass-through mechanism to activate undeveloped land parcels. Priority land allotment will be given to large Foreign Direct Investment proposals meeting defined investment and land thresholds, with implementation led by MMRDA and the New Town Development Authority.Read more

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Noida housing society residents appeal to Jal Board to act against builder over unpaid water dues

Noida News Desk

15 Feb 2026

Residents of a housing society in Noida have urged the Uttar Pradesh Jal Nigam (Jal Board) to take action against the developer of their project after the builder failed to clear a substantial unpaid water bill, leading to accumulated dues of around INR 1.36 crore. The society said the outstanding amount relates to supplies from April 2025 onwards and that they have been left to rely on water tankers while regular connections remain unresolved. The builder's management said it had paid approximately INR 28 lakh towards the bill and attributed delays to incomplete water connections, noting that contributions from residents were still pending for a third connection. The dispute highlights ongoing challenges in utility provisioning and project completion in group housing schemes in the region.Read more

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Maharashtra directed to pay INR 691 crore to IDRCL in toll road arbitration case

15 Feb 2026

The Maharashtra government has been directed by an arbitrator appointed by the Bombay High Court to pay INR 691 crore to India Debt Resolution Company Ltd (IDRCL) in a dispute linked to the Sion Panvel toll road project. The award relates to compensation claimed after the state terminated the concession and took over toll collections without sharing revenue with lenders. The ruling marks a significant recovery for IDRCL, which had acquired the stressed debt at a much lower value, and highlights unresolved issues in terminated road concession projects.Read more

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Madras High Court declines to hear challenges to contentious Pallikaranai marshland housing project

Chennai News Desk

15 Feb 2026

The Madras High Court has refused to hear a batch of petitions opposing the proposed construction of a high-rise residential complex near the ecologically sensitive Pallikaranai marshland in Chennai, which includes a designated Ramsar site, judges said in court this week. Petitioners, including an advocate representing the AIADMK legal wing and the NGO Arappor Iyakkam, had sought to quash environmental and building plan approvals granted to the private developer and to restrain construction within a one-kilometre radius of the marshland, citing alleged violations of the Wetlands (Conservation and Management) Rules. However, a division bench led by the Chief Justice observed that matters concerning wetland protection were already before the Supreme Court and declined to conduct a parallel hearing, advising the petitioners to approach the apex court for relief. As a result, the interim stay on construction that had been in place was vacated.Read more

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Navi Mumbai civic chief orders strict enforcement of air quality norms at construction sites, reviews citywide civic operations

15 Feb 2026

The Navi Mumbai Municipal Commissioner, Dr Kailas Shinde, has directed stricter enforcement of air pollution control measures, with a specific focus on construction sites across the city. During a comprehensive review meeting with departmental heads, the commissioner assessed the implementation of pollution mitigation norms, encroachment control, sanitation services, tax recovery and digital governance systems. Officials were instructed to conduct physical inspections of construction sites to ensure compliance with standard operating procedures and to take firm action against violations, including issuing notices and halting work where required. The review also covered sanitation drives, public toilet maintenance, property tax and water charge recovery, and the promotion of online payment systems. The commissioner further emphasised faster grievance redressal, improved internal workflows, and closer coordination with elected representatives to support holistic urban development in Navi Mumbai.Read more

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Ranchi municipal body finds large-scale property tax misreporting across city

15 Feb 2026

The Ranchi Municipal Corporation (RMC) has detected widespread misreporting of property details during a verification drive aimed at improving holding tax collections. Physical inspections revealed that many residential, commercial and institutional properties had declared smaller built-up areas or incorrect usage categories to lower tax liabilities. Hospitals, offices and properties with basements were among those found under-assessed. The civic body has started correcting records, recalculating dues and issuing notices under the Jharkhand Municipal Act, warning of penalties for non-compliance and continued under-reporting.Read more

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Haryana revenue officers call off strike, relief for property buyers as registries set to resume

15 Feb 2026

Revenue officers in Haryana, including tehsildars and naib tehsildars, have ended their multi-day strike and will resume duties, providing significant relief to property buyers and sellers after a backlog of more than 11,000 pending land registries across the state. The withdrawal followed talks with the Financial Commissioner (Revenue) and assurances that officers grievances will be examined fairly and through proper legal procedures. During the strike, registration work had been stalled, delaying transactions and affecting state revenue. Government efforts to have sub-divisional magistrates and district revenue officers cover registration duties had limited success amid the walk-out. With normal operations set to restart, property registry services and other revenue office functions are expected to clear the accumulated backlog and ease procedural disruptions for the public.Read more

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State reviews reduction in land reserved for Worli sewage treatment plant after court intervention

15 Feb 2026

The Maharashtra government has reviewed the reduction of land reserved for the Worli sewage treatment plant following a High Court order that halted construction on the site. Senior officials from the Urban Development department, BMC and SRA examined how the reserved area was reduced without statutory modification of the Development Plan. The court sought explanations on approvals granted for transit buildings on the land. The state reiterated the importance of the STP as critical civic infrastructure and reviewed whether the reduced land area is adequate for long-term sewage treatment requirements.Read more

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Haryana government initiates action against Golden Glow Estates over lapsed project licence

14 Feb 2026

The Haryana government's Department of Town and Country Planning (DTCP) has taken enforcement action against Golden Glow Estates, the developer of a group housing project in Sector 68, Badshahpur, Gurugram, after the project's development licence lapsed eight years ago and was not renewed, officials said earlier this week. The developer has reportedly accumulated more than INR 51.8 crore in external development charges and related dues. The DTCP has issued a show-cause notice to the company and directed the district town planner (enforcement) to initiate action under relevant provisions of the Haryana Development and Regulation of Urban Areas Act, requiring a compliance report within a short timeframe. Authorities indicated that subsequent steps could include licence cancellation, recovery of dues and other enforcement measures if the promoter does not respond satisfactorily. The case highlights intensified regulatory scrutiny of stalled and non-compliant housing projects in the state.Read more

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Tribal clashes in Manipur’s Ukhrul leave over 20 houses gutted

14 Feb 2026

Renewed clashes between the Tangkhul Naga and Kuki communities in Manipur's Ukhrul district resulted in widespread arson, with more than 20 homes destroyed in and around the Litan area. The unrest began after an alleged assault on a Tangkhul Naga man, leading to stone-pelting exchanges and prolonged confrontations. Authorities imposed prohibitory orders and deployed security forces to restore order. Political leaders have been involved in talks to calm tensions, and efforts continue to prevent further escalation.Read more

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