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

Andhra Pradesh government to provide housing for 177 Velampeta slum families in Visakhapatnam

Visakhapatnam News Desk

12 Feb 2026

The Andhra Pradesh government has approved a housing project to benefit 177 families residing in the Velampeta slum area of Visakhapatnam. Residents, mostly daily wage workers, have been living in the area for nearly five decades under difficult conditions, particularly during the monsoon. The government's decision follows a field visit by Municipal Administration Minister P. Narayana. Alongside the housing plan, officials discussed fast-tracking seven roads under the Visakhapatnam Metropolitan Region Development Authority (VMRDA) master plan and developing a tourism circuit to enhance urban amenities and infrastructure. This initiative reflects focused efforts to improve both living standards and city planning in the region.Read more

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BMC halts Worli transit camp construction over sewage treatment land concerns

Mumbai News Desk

12 Feb 2026

The Brihanmumbai Municipal Corporation (BMC) stopped construction of a transit camp in Worli after discovering it was being built on land reserved for a sewage treatment plant. Officials highlighted that critical sewer lines pass through the site, and construction had begun affecting sewage flow, raising risks of flooding during monsoon. A Slum Rehabilitation Authority (SRA) executive engineer is facing a criminal complaint for allegedly granting illegal approvals. The SRA has revoked permissions, and the developers must dismantle the transit structures, underscoring the importance of safeguarding Mumbai's ageing sewer infrastructure and reserved public land.Read more

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YEIDA reclaims around 62 acres of encroached land in Mathura demolition drive

Noida News Desk

11 Feb 2026

The Yamuna Expressway Industrial Development Authority (YEIDA) has recovered about 62 acres of land in Mathura district that had been encroached upon within the Heritage City and Raya Urban Centre project zones. As part of a demolition drive organised earlier this week, unauthorized structures including hotels, roadside eateries and informal colonies were demolished in villages such as Piprauli Khadar, Aruwa Khadar and Panigaon Khadar, freeing land officials valued at nearly INR 1,000 crore for its intended development use. The operation was led by YEIDA's officer on special duty with coordinated support from local police and administrative authorities, and was carried out peacefully. This action follows earlier enforcement efforts in the region and reflects the authority's ongoing campaign against illegal habitation and construction on land earmarked for planned infrastructure projects.Read more

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Delhi court asks police to submit report on complaint against promoters of 32nd Milestone project

11 Feb 2026

A Delhi court has directed the police to file an action-taken report on a complaint seeking criminal action against the promoters of the Gurugram-based 32nd Milestone commercial project. The plea alleges cheating, fund diversion and failure to pay assured lease rentals and statutory dues. Investors claim rental payments stopped months ago and tax obligations were not met. The matter comes amid ongoing police investigations and arrests in related cases linked to the project, with the court set to review the police response at the next hearing.Read more

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NGT seeks responses from Delhi authorities over alleged illegal construction on Yamuna floodplain

11 Feb 2026

The National Green Tribunal has issued notices to the Municipal Corporation of Delhi, Delhi Development Authority, Delhi Pollution Control Committee and the concerned district magistrate over allegations of unauthorised construction on the Yamuna floodplain in Majnu ka Tila. Acting on a petition filed by a local resident, the tribunal has asked authorities to clarify whether the construction falls within the prohibited floodplain zone and identify those responsible. Officials have been directed to file affidavits before the matter is taken up for further hearing scheduled in April.Read more

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Gurugram real estate fraud case deepens as director held for selling same floor to multiple buyers

11 Feb 2026

A major commercial property fraud case in Gurugram has widened after police arrested the director of a real estate firm for allegedly selling the same building floor to more than 25 buyers. The case surfaced following a complaint by a corporate buyer that paid INR 2.5 crore for a unit but never received registered ownership. Investigators later found that the same floor was repeatedly sold and then leased back through another company. The alleged fraud is estimated at around INR 500 crore and is under investigation by the Economic Offences Wing.Read more

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Cheating case filed against white waters constructions over 270 crore in hyderabad

Hyderabad News Desk

11 Feb 2026

A significant cheating case has come to light in Hyderabad involving White Waters Constructions Pvt Ltd and its directors, after a homebuyer alleged she and hundreds of others paid INR 270 crore for flats in the White Waters@Y project near Kukatpally Y-Junction. Complaints highlighted delayed handovers, incomplete construction, and alleged financial irregularities, including mortgaging flats to banks under false names. Buyers formed an association to demand action. The Economic Offences Wing of Cyberabad police registered the case earlier this week and investigations are ongoing, with no arrests reported yet.Read more

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Odisha identifies vacant government buildings for conversion into affordable rental housing

11 Feb 2026

The Odisha government has initiated a statewide exercise to identify vacant and underutilised government buildings in urban areas for conversion into affordable rental housing. The move is part of the Affordable Rental Housing component under PM Awas Yojana-Urban 2.0 and aims to support migrants, urban poor, and working populations who depend on rental accommodation. State departments have been directed to share details of unused properties with the Odisha Urban Housing Mission. The programme will use both retrofitting of existing buildings and construction through public and private participation.Read more

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Delhi court takes cognisance of cheating case against M3M India, summons promoters

11 Feb 2026

A Delhi court has taken cognisance of a chargesheet filed by the Economic Offences Wing against M3M India Pvt Ltd and its promoters in an alleged cheating and land fraud case involving MGF Developments Ltd. The case relates to a Gurugram land exchange deal where MGF claims it suffered losses of about INR 450 crore due to dishonoured cheques and misuse of land. The court has summoned the promoters to appear as criminal proceedings move forward.Read more

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Supreme Court clears insolvency action against Greater Noida real estate firms

11 Feb 2026

The Supreme Court has upheld corporate insolvency proceedings against two real estate companies linked to a stalled commercial project in Greater Noida, dismissing appeals by their former directors. The case was initiated by over 140 allottees who said possession was promised years ago but the project remained incomplete and unusable. The court agreed that financial debt and default were clearly established and ruled that claims of partial completion or limited possession could not block insolvency proceedings already admitted by insolvency tribunals.Read more

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