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

UP-RERA facilitates INR 2,040 crore relief for homebuyers, resolves over 11,300 cases in 2025

28 Jan 2026

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) resolved more than 11,300 homebuyer disputes during the calendar year 2025, facilitating relief of approximately INR 2,040 crore, according to data released by the authority. A mix of enforcement actions, mutual settlements and conciliation mechanisms were used to resolve complaints mostly related to delayed possession, refunds and interest claims. UP-RERA issued over 6,000 recovery certificates against defaulting promoters, enabling district administrations to recover around INR 1,505 crore and transfer the amounts directly to allottees bank accounts. Promoters also settled an additional INR 535 crore in around 1,734 cases through negotiated agreements after recovery certificates were issued. The authority's conciliation forum and voluntary compliance by developers further contributed to dispute resolution, covering cases involving properties valued at an estimated INR 5,920 crore.Read more

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BMC halts 106 construction projects for failing to install air-quality monitors

28 Jan 2026

Mumbai's Brihanmumbai Municipal Corporation (BMC) has issued stop-work notices to 106 construction sites for not installing mandatory air-quality monitoring systems, affecting both government and private projects. The affected projects include railway bridge works, Slum Rehabilitation Authority (SRA), and Maharashtra Housing and Area Development Authority (MHADA) housing projects. Despite repeated follow-ups since mid-2025, non-compliance led to immediate work halts. Enforcement includes surprise inspections, logbook checks, and stricter action against bakeries violating emission norms. Mumbai now operates 28 reference-grade air monitoring stations, with most areas recording satisfactory or moderate air quality.Read more

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NGT orders investigation into alleged illegal resorts in Pilibhit Tiger Reserve

28 Jan 2026

The National Green Tribunal (NGT) has ordered a detailed investigation into alleged illegal construction of resorts, hotels, and guest houses within the one kilometre eco sensitive zone of Pilibhit Tiger Reserve in Uttar Pradesh. A three member joint committee has been tasked with inspecting the sites and reporting back within 10 weeks. The move follows concerns over continued unregulated development despite earlier notices. Authorities warn that such constructions can harm wildlife, disrupt habitats, and increase human wildlife conflicts. The next hearing is scheduled for April.Read more

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Karnataka pauses Nirman 2.0 approvals after software glitch disrupts building plans

28 Jan 2026

The Karnataka government has temporarily suspended public access to Nirman 2.0, the state's digital system for building plan approvals, following a major software glitch and cybersecurity concerns. Urban Local Bodies (ULBs) will manually process applications for building plan approvals, licenses, and construction permits over the next two to three weeks while internal and external audits are conducted. Engineers and industry professionals have highlighted potential delays in new project starts, emphasizing the need for efficient approvals. Authorities are working to restore the system while ensuring data security.Read more

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"High Court stays demolition of UltraTech Cement’s Gurgaon RMC plant "

Gurugram News Desk

28 Jan 2026

The Punjab and Haryana High Court has temporarily stayed the Municipal Corporation of Manesar's order to shut and dismantle UltraTech Cement's ready-mix concrete (RMC) plant in Naurangpur village, Gurgaon. UltraTech challenged the directive, citing over two decades of lawful operations and valid statutory approvals, including change of land use and building plan permissions from 1998, as well as a green-category consent to operate from Haryana State Pollution Control Board in 2024. The court has directed the corporation to submit a detailed reply by late February, allowing operations to continue until the next hearing.Read more

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Maharashtra reduces height of new Mantralaya building after heritage panel objection

27 Jan 2026

The Maharashtra government has scaled down the new building being constructed inside the Mantralaya compound in south Mumbai following concerns raised by the Mumbai Heritage Conservation Committee (MHCC) over its height. The original ground plus seven storey plan, designed to address space shortages for ministers and staff, has been revised to ground plus five storeys. The prefabricated structure had already reached four slabs at the time of the change. The decision reflects the ongoing effort to balance heritage preservation in the Art Deco precinct with the administrative need for additional office space.Read more

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PMLA court refuses jailed Ramprastha director’s request to attend company meetings online

27 Jan 2026

A Special PMLA court in Gurgaon has declined applications filed by Arvind Walia, a jailed promoter and director of Ramprastha Promoters and Developers Pvt Ltd, seeking permission to attend company meetings through video conferencing from prison. Walia is in judicial custody in connection with an alleged real estate fraud involving more than 2,000 homebuyers and around INR 1,100 crore. The court also rejected his plea seeking directions to the Enforcement Directorate for issuing a No Objection Certificate to facilitate licence extensions for company projects.Read more

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Haryana clears direct land purchase route to speed up Gurugram metro project

Gurugram News Desk

27 Jan 2026

The Haryana government has approved a direct land purchase policy to accelerate the Millennium City Centre Cyber City Metro corridor in Gurugram. The move allows Gurugram Metro Rail Limited to buy private land through mutual agreement instead of relying only on compulsory acquisition. Landowners will be offered compensation as per the RFCTLARR Act, 2013, along with a 25 per cent incentive and rehabilitation benefits. Stamp duty will be waived and payments will be made directly to landowners, while compulsory acquisition remains an option if talks fail.Read more

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BDA clears illegal structures, reclaims encroached land worth over INR 700 crore in Bengaluru

Bangalore News Desk

27 Jan 2026

The Bangalore Development Authority has recovered encroached land valued at more than INR 700 crore through multiple demolition drives conducted across Bengaluru over the past several months. The operations covered over 25 acres of government land reserved for layouts, roads, and public infrastructure. Major recoveries were reported in JP Nagar 9th Phase and other planned layouts. Officials confirmed that due legal procedures were followed before action. The reclaimed land will be used for future development works or auctioned where legally feasible.Read more

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GMDA clears encroachments to improve access for Gurgaon railway station revamp

Gurugram News Desk

27 Jan 2026

The Gurugram Metropolitan Development Authority (GMDA) recently conducted a two-day anti-encroachment drive along Old Railway Road to support the redevelopment of Gurgaon Railway Station. Illegal shops, extended sheds, and street vendors had narrowed the approach road, causing congestion and obstructing renovation work. Around 100 shops were partially or fully cleared, and vendors near the Sabzi Mandi were instructed to operate within designated areas. Traffic police issued 115 challans for violations, and GMDA has stated that monitoring will continue to prevent future encroachments and maintain smooth access.Read more

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