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

Thane property expo to open on 17 April, highlighting city’s real estate growth

16 Apr 2026

CREDAI MCHI Thane is set to host the 22nd edition of its Property Expo from 17 to 20 April at Dosti West County, Balkum. The four-day event will feature over 100 RERA-approved projects from 40+ developers, along with participation from leading financial institutions. With housing options starting from INR 50 lakh to premium homes and commercial spaces, the Expo aims to attract both homebuyers and investors. It will also showcase Thane's infrastructure-led growth, supported by projects such as the Thane Metro and Borivli-Thane tunnel, which are improving connectivity and driving real estate demand.Read more

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400-tonne crane topples during Metro 2B construction work at BKC, no injuries reported

16 Apr 2026

A 400-ton mobile crane toppled at a Metro construction site in Mumbai's Bandra Kurla Complex (BKC), disrupting traffic in the city's key business district. The incident, which occurred during lifting operations for the Metro Line 2B station, was attributed to a mechanical failure in the crane's lifting boom. No injuries were reported. The Mumbai Metropolitan Region Development Authority (MMRDA) has imposed a penalty of INR 1 crore on contractor J Kumar Infraprojects Limited following the incident. Restoration work continued through the day, with a higher-capacity crane deployed for removal. The event highlights ongoing safety and operational challenges at large infrastructure sites in high-density urban zones.Read more

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Maharashtra orders SIT probe into MHADA quota violations in Nashik housing projects

16 Apr 2026

The Maharashtra government has ordered a Special Investigation Team (SIT) probe into alleged violations of the Maharashtra Housing and Area Development Authority (MHADA) quota in residential projects across Nashik. The decision, announced in the past week by Revenue Minister Chandrashekhar Bawankule, follows reports that developers failed to comply with the mandatory 20% reservation for economically weaker sections (EWS) and low-income groups (LIG). The probe will examine projects exceeding 4,000 sq m, where irregularities such as under-reporting of project size and use of forged documents have been flagged. As many as 49 projects are under scrutiny, with authorities expected to assess compliance, identify responsible stakeholders, and recommend legal and administrative action. The SIT has been tasked with submitting its findings within a defined timeframe.Read more

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11 killed after overcrowded taxi crashes into mixer truck in Kalyan

16 Apr 2026

A road accident on the Kalyan-Murbad route led to the death of 11 people after an overcrowded taxi collided with a cement mixer truck. The vehicle was carrying almost double its permitted capacity, which worsened the impact and left no survivors. The crash occurred on a partially open bridge, raising concerns about road conditions and traffic management. Initial findings pointed to overspeeding and negligence. The incident has once again highlighted issues around illegal shared transport operations and weak enforcement on busy regional routes.Read more

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Homebuyers allege fraud by Telangana-based developer over delayed villa project in Kollur despite advance payments

16 Apr 2026

A group of homebuyers in Telangana has accused a construction firm of cheating after collecting substantial advance payments for a proposed villa project in Kollur, near Hyderabad, without initiating development or securing statutory approvals. Complaints filed with the Cyberabad Police's Economic Offences Wing (EOW) led to the registration of a criminal case under provisions related to cheating and criminal breach of trust. Buyers claimed they were persuaded to invest in the project under a pre-launch offer, with one purchaser reportedly paying INR 1.38 crore towards a villa valued at INR 1.60 crore. Investigations revealed that the project had neither received approvals from the Telangana Real Estate Regulatory Authority (RERA) nor the Hyderabad Metropolitan Development Authority (HMDA), raising concerns over compliance and project legitimacy.Read more

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BMS flags labour unrest in Manesar, Noida; seeks wage reforms and dialogue

16 Apr 2026

Bharatiya Mazdoor Sangh has raised concerns over escalating labour unrest in the industrial clusters of Manesar and Noida, calling for immediate corrective measures including fair wage practices and improved grievance redressal systems. The union stated that worker dissatisfaction stems from wage disparities, rising living costs, and increased contractualisation. It also cautioned against external influences aggravating tensions. The unrest, which intensified in the past week, has led to incidents of violence, property damage, and police intervention in parts of Noida and Haryana. BMS has urged industry stakeholders and the government to restore normalcy through structured dialogue while ensuring strict action against both labour law violations and acts of violence.Read more

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Haryana mandates one car parking space per unit as it revises affordable housing policy and raises price caps

16 Apr 2026

The Haryana government has amended its Affordable Housing Policy, 2013, introducing mandatory provision of one car parking space per dwelling unit across projects. The revision, notified in the past week, also increases allotment rates across cities including Gurugram, Faridabad and Sohna. Parking costs have been capped at 10% of the flat price, with developers required to demarcate spaces at the approval stage. The changes will apply to upcoming allotments and partially to ongoing projects, subject to buyer consent. Projects with occupation certificates remain exempt. The revision reflects a broader recalibration of policy norms to address infrastructure gaps in high-density housing while accommodating rising construction and land costs across the state's affordable housing segment.Read more

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Ludhiana Improvement Trust schedules draw for 179 flats under Atal Apartment scheme on April 14

Ludhiana News Desk

16 Apr 2026

The Ludhiana Improvement Trust (LIT) has confirmed that the draw of lots for 179 flats under its Atal Apartment scheme will be conducted on April 14 in Ludhiana. The allocation includes 43 High Income Group (HIG) and 136 Middle Income Group (MIG) units, with over 1,500 applications received for the remaining inventory. The draw will be held at Nehru Sidhant Kendra, following scrutiny of applications and publication of the final applicant list. The project, located at Karnail Singh Nagar on Pakhowal Road, is currently under construction and is expected to be completed later in the year. The scheme remains LIT's only active housing project, reflecting continued demand for state-led residential supply in the city.Read more

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Guwahati mayor flags growing commercial use of residential properties amid Supreme Court-mandated nationwide survey

16 Apr 2026

The Guwahati Municipal Corporation (GMC) has raised concerns over the increasing use of residential properties for commercial activities across the city, as a nationwide inquiry ordered by the Supreme Court comes into effect. Mayor Mrigen Sarania acknowledged the prevalence of mixed-use buildings, particularly where ground floors are used commercially while upper floors remain residential. The development follows a directive requiring civic bodies in all state capitals to survey and report unauthorised commercial use of residential premises by mid-May. The issue highlights challenges in enforcing zoning regulations in rapidly expanding urban centres such as Guwahati, where commercial spillover into residential neighbourhoods has intensified. Municipal authorities are expected to undertake detailed mapping of such violations and submit compliance reports as part of the court-monitored exercise.Read more

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Punjab eases environmental enforcement norms to allow sale deeds and electricity connections for homebuyers while continuing action against errant developers

16 Apr 2026

The Punjab Pollution Control Board (PPCB) has revised its enforcement approach to ensure that homebuyers are not penalised for environmental violations committed by developers in residential and commercial projects across Punjab. Under fresh directions issued in the past week, the Board has allowed execution of sale deeds and provision of electricity connections for individual buyers in projects that have breached pollution control norms. The move follows public complaints and recommendations of a committee constituted earlier this year, which found that earlier restrictions had caused significant hardship to buyers who were unaware of such violations. While relief has been extended to purchasers, the PPCB has maintained that strict legal and regulatory action will continue against non-compliant developers until full adherence to environmental norms is achieved.Read more

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