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

Noida plot allottees urged to act as OTS deadline nears and recovery actions loom

Noida News Desk

06 Feb 2026

The Yamuna Expressway Industrial Development Authority (YEIDA) has declined to extend the deadline for its one-time settlement (OTS) scheme, meaning around 7,200 plot allottees in the Noida region now face possible recovery action if they do not clear outstanding dues by the end of February. The decision was taken at YEIDA's most recent board meeting, where officials observed that despite multiple previous extensions and reminders since December 1, only a small fraction of defaulters had availed themselves of the settlement offer. Total outstanding dues amount to nearly INR 4,950 crore, and the limited response to the OTS window prompted the board to maintain the existing deadline. The authority's board also approved the allocation of land for a model school and reviewed progress on stalled housing projects under the state government's rehabilitation policy, involving more than 6,800 homebuyers.Read more

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ED files supplementary complaint against Unnati Fortune Holdings in money laundering case

06 Feb 2026

The Enforcement Directorate (ED) has intensified its investigation against Unnati Fortune Holdings Ltd (UFHL) by filing a supplementary prosecution complaint under the Prevention of Money Laundering Act (PMLA). The probe, following multiple FIRs by Uttar Pradesh Police, alleges that promoter Anil Mithas and others diverted around INR 126 crore between 2011 and 2019, affecting homebuyers and investors. Mithas remains in judicial custody. ED has provisionally attached movable and immovable assets worth INR 126 crore. The new complaint provides additional evidence and details of the alleged money laundering activities, reinforcing ongoing legal proceedings.Read more

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Residents welcome inclusion of long-neglected BDA layouts under Greater Bengaluru Authority for civic rights

Bangalore News Desk

06 Feb 2026

Residents in several Bangalore Development Authority (BDA) layouts are welcoming their transition into the governance framework of the Greater Bengaluru Authority (GBA), seeing it as a milestone in civic rights and democratic participation. Under the new model, areas long outside the direct remit of city municipal governance will be integrated into the GBA's five municipal corporations, offering residents elected representation, structured municipal budgets and formal channels for grievance redressal. Communities in neighbourhoods such as Banashankari 6th Stage, JP Nagar 8th and 9th Phases, Anjanapura Township and Sir M Visvesvaraya Layout have for years experienced limited accountability and deteriorating infrastructure due to administrative gaps. The handover to GBA is expected to conclude in the coming weeks, with residents hopeful that enhanced civic management will strengthen service delivery and local engagement. The move follows broader administrative reforms that dissolved the older civic body and instituted a decentralised governance structure.Read more

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Bombay High Court rules MMRDA cannot impose TDR as compensation in land acquisition

Mumbai News Desk

05 Feb 2026

The Bombay High Court has held that the Mumbai Metropolitan Region Development Authority (MMRDA) cannot unilaterally impose Transferable Development Rights (TDR) in lieu of monetary compensation when acquiring land for public infrastructure, directing the authority to pay cash compensation instead. The ruling arose from a petition by a Kurla resident whose 630 sq m parcel was acquired for the Santacruz-Chembur Link Road (SCLR) project, and who had challenged an earlier award granting only TDR. A division bench of Justices Manish Pitale and Shreeram Shirsath determined that the statutory framework of the Mumbai Metropolitan Region Development Authority Act, 1974 clearly contemplates monetary payment for land acquisition, and that offering TDR without mutual agreement falls outside the Act's provisions. The court directed MMRDA to determine and pay just monetary compensation within six months, rejecting the authority's contention that TDR could substitute for cash compensation under the legislation.Read more

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61 people promised cheap MHADA flats duped of INR 2.41 crore in Mumbai housing fraud

Mumbai News Desk

05 Feb 2026

At least 61 individuals in Mumbai have been defrauded of a total of INR 2.41 crore by persons posing as officials capable of securing Maharashtra Housing and Area Development Authority (MHADA) flats at subsidised rates, a complaint registered with Rabale police has alleged. The case was lodged by a property consultant who said he, a colleague and 61 clients were misled by the accused into making advance payments for purportedly low-cost MHADA housing in areas including Powai, Wadala and Worli. Payments were collected on promises of flats at below-market prices with potential resale gains, but when the complainants sought to complete the transactions they discovered the listings and accompanying documentation were fake. One key intermediary has already been arrested in a related matter, while another suspect remains at large as investigations proceed.Read more

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Gurugram property registrations under scrutiny despite prohibition orders

05 Feb 2026

Revenue officials in Gurugram have come under scrutiny after several property registrations were carried out despite explicit prohibition orders issued by the Town and Country Planning Department (TCP). The issue surfaced following the registration of the Bristol Hotel-cum-commercial complex on MG Road, which was processed even after the TCP directed authorities to halt all related transactions. The TCP has sought legal action against the officials involved and flagged similar cases linked to Ansal Buildwell, raising concerns over compliance with planning and registration laws.Read more

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Supreme Court upholds insolvency proceedings against Greater Noida developers

05 Feb 2026

The Supreme Court has upheld insolvency proceedings against Bhasin Infotech and Infrastructure Pvt Ltd and Grand Venezia Commercial Towers Pvt Ltd over delays and non-delivery of a Greater Noida project. Dismissing appeals filed by former directors, the court agreed with findings of the insolvency tribunals that the developers failed to hand over functional units and did not obtain mandatory completion approvals. The case was initiated by 141 allottees who had paid for 103 units but neither received lawful possession nor continued assured returns promised by the developers.Read more

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GDA to hand over five colonies to GMC with INR 66 crore allocated for infrastructure improvements

Ghaziabad News Desk

05 Feb 2026

The Ghaziabad Development Authority (GDA) has formalised plans to hand over five residential colonies and a sewage treatment facility to the Ghaziabad Municipal Corporation (GMC), accompanied by a financial package of INR 66 crore to complete pending infrastructure work, according to official sources. The colonies earmarked for transfer include Swarn Jyantipuram, parts of Karpuri Puram, Bhaurao Devrash Colony, Pratap Vihar, Govindpuram and a portion of Raj Nagar Extension, along with a 56 million litre per day sewage treatment plant in Madhuban Bapudham. Under the agreement, the funds will be released in two equal instalments to support essential civic works such as water supply, road networks and sewer systems. The handover marks progress in resolving long-standing delays in transferring developed townships to municipal authorities, and is expected to improve service delivery for residents.Read more

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Gujarat Cabinet approves eight-lane expansion of Ahmedabad–Mehsana highway

05 Feb 2026

The Gujarat Cabinet has approved widening the 51 kilometre Ahmedabad-Mehsana highway from four lanes to eight, with service roads on both sides, at an estimated cost of INR 2,630 crore. The project includes a 6.1 km elevated corridor through Kalol, eight flyovers, and eight underpasses to improve traffic flow. Once completed, travel time between the two cities is expected to reduce to 45-50 minutes from the current 60 minutes. Officials say commuters from North Gujarat districts, including Mehsana, Patan, and Banaskantha, will benefit significantly. Work is expected to take two years after tendering.Read more

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Uttar Pradesh to mandate Aadhaar verification for property registrations from February

05 Feb 2026

The Uttar Pradesh government has approved mandatory Aadhaar-based authentication for all property registrations across the state, effective from February 1, 2026. The move requires biometric and e-KYC verification of buyers, sellers, executants and witnesses at Sub-Registrar offices. The decision aims to curb land fraud, impersonation and forged registrations, which have led to disputes and litigation in the past. The reform is part of wider efforts to modernise land records, alongside the ongoing digitisation of documents registered between 2002 and 2017.Read more

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