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

Gurugram demolishes illegal house extensions in major crackdown

Gurugram News Desk

26 Apr 2026

A large-scale anti-encroachment drive in Gurugram has led to the demolition of hundreds of illegal house extensions across key residential colonies, following regulatory directions linked to the suspension of the stilt-plus-four policy. Enforcement teams targeted unauthorised structures obstructing public spaces, including roads, parks and green belts. The initiative forms part of a time-bound campaign to restore right of way and ensure compliance with urban planning norms. Multiple violations—ranging from ramps and guard rooms to kiosks and boundary walls—were cleared, with authorities indicating that the drive will continue in phases. The action signals stricter enforcement of building regulations in high-density urban areas.Read more

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LDA launches 630 affordable flats scheme in Lucknow

Lucknow News Desk

26 Apr 2026

The Lucknow Development Authority has introduced a new affordable housing opportunity with 630 flats under its Atalnagar scheme in Lucknow, targeting first-time buyers and lower-income households. Registrations opened earlier this week and will remain active for a limited window, with allotments to be conducted through a lottery system to ensure transparency. The development, located in Devpur Para, offers a mix of one- and two-bedroom units, with prices starting from around INR 9.82 lakh. The scheme includes essential urban infrastructure such as water supply, electricity, parking, and community amenities, reinforcing the authority’s broader push to expand accessible housing inventory. The initiative is expected to draw strong demand amid continued interest in budget housing across tier-II cities.Read more

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UP draft building code links FAR to road width norms

26 Apr 2026

A draft unified building code proposed by the Uttar Pradesh government introduces a structural shift in urban planning by linking Floor Area Ratio (FAR) directly to road width. The framework aims to standardise building regulations across cities while enabling higher density development in areas with stronger infrastructure support. Wider roads would permit taller and larger developments, addressing congestion and aligning capacity with construction intensity. The move forms part of a broader overhaul of building bylaws to simplify approvals, increase land-use efficiency, and promote vertical growth. The reforms also reflect ongoing efforts to unify fragmented local regulations into a single framework, improving transparency and predictability for developers and investors.Read more

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Varanasi clears buildings for road expansion project

26 Apr 2026

Authorities in Varanasi carried out demolition of over 30 buildings as part of an ongoing road widening and infrastructure upgrade project aimed at easing congestion and improving connectivity. The drive forms part of a broader plan to expand key stretches into multi-lane corridors, with projects estimated at several hundred crore INR. The exercise was conducted under tight security, following earlier legal and administrative clearances. Officials indicated that the cleared land will be utilised to improve road capacity and streamline traffic movement in high-density areas. The development reflects continued urban infrastructure push in the city, although such projects also bring displacement and rehabilitation concerns into focus.Read more

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Nashik civic body to inspect rainwater harvesting systems

26 Apr 2026

Nashik Municipal Corporation is set to intensify enforcement of rainwater harvesting norms across the city, with a renewed inspection drive targeting residential and commercial properties. The initiative comes ahead of the monsoon season and aims to ensure functional compliance in buildings where such systems are mandatory. Civic authorities are expected to penalise property owners with non-operational installations while also exploring incentives for compliant developments. The move reflects a broader push towards sustainable urban water management, amid concerns over groundwater depletion and recurring reliance on tanker supply despite adequate rainfall in previous seasons. The exercise is also likely to influence future regulatory enforcement and compliance standards across Maharashtra’s urban centres.Read more

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GVMC launches slum survey to drive redevelopment in Visakhapatnam

Visakhapatnam News Desk

26 Apr 2026

The Greater Visakhapatnam Municipal Corporation has initiated a comprehensive survey covering 66 slums across Visakhapatnam to assess housing conditions, infrastructure gaps, and redevelopment potential. The exercise forms part of a broader urban transformation strategy aligned with the Visakhapatnam Economic Region plan. Based on survey outcomes, slums will be categorised for either denotification or redevelopment under a public-private partnership model. Initial projects at Velampeta and Indira Nagar have already been identified, with redevelopment proposals involving multi-storey housing. The initiative also aims to institutionalise a Slum Rehabilitation Authority to streamline execution, financing, and long-term urban planning.Read more

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Centre approves INR 139 crore four-lane cement concrete road beneath Hubballi flyover to improve urban traffic flow

25 Apr 2026

The Union government has approved an INR 139 crore project to construct a four-lane cement concrete road beneath an under-construction flyover in Hubballi, Karnataka. The proposal involves upgrading a key urban stretch with a more durable concrete surface, replacing the earlier asphalt plan. Spanning approximately 3.5 km, the project aims to address traffic congestion and improve road conditions in a high-density corridor affected by ongoing flyover works. The revised plan reflects increased project costs and design changes intended to enhance longevity, reduce maintenance requirements, and support smoother vehicular movement in the city.Read more

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Experts call for planned, fire-safe slum housing after Lucknow blaze leaves over 1,000 homeless

Lucknow News Desk

25 Apr 2026

A recent fire in Lucknow that destroyed over 280 shanties and displaced more than 1,000 residents has prompted urban planners and housing experts to call for structured, fire-resilient slum redevelopment. The incident, intensified by multiple LPG cylinder explosions, exposed vulnerabilities in informal settlements built with flammable materials and lacking basic infrastructure. Experts have recommended in-situ redevelopment, use of safer construction materials, and planned layouts with firebreaks to reduce risks. The development has renewed focus on integrating informal housing into formal urban planning frameworks while ensuring livelihood continuity for low-income residents.Read more

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Supreme Court issues contempt notice over unauthorised constructions in Gurugram, seeks responses

Gurugram News Desk

25 Apr 2026

The Supreme Court of India has issued a contempt notice in a case related to unauthorised constructions in Gurugram, seeking responses from concerned parties over alleged non-compliance with earlier directions. The matter pertains to violations on a land parcel in Chakkarpur village and follows a prior ruling linked to illegal developments. The court has directed respondents to file replies within a stipulated timeline. The development highlights continued judicial scrutiny of building violations in Gurugram, where enforcement and compliance issues have remained under focus across residential and mixed-use areas.Read more

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Gurugram begins demolition drive against illegal housing extensions

Gurugram News Desk

25 Apr 2026

In Gurugram, authorities initiated a large-scale demolition drive targeting unauthorised housing extensions across licensed residential colonies, following judicial intervention. The action came after the Punjab and Haryana High Court stayed the stilt-plus-four construction policy, citing infrastructure stress and encroachments. Enforcement teams removed hundreds of illegal structures, including guard rooms, ramps, kiosks and boundary walls obstructing public spaces. The exercise forms part of a phased compliance programme aimed at restoring right-of-way access, strengthening planning norms, and addressing misuse of residential layouts. Officials indicated that the drive would continue across multiple sectors, with further action planned against violations linked to stilt parking misuse and unauthorised commercial activity within housing colonies.Read more

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