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

Lucknow Police attaches INR 5.78 crore assets in real estate fraud case under Gangsters Act

Lucknow News Desk

22 Apr 2026

Lucknow Police has attached assets worth over INR 5.78 crore linked to an alleged real estate fraud syndicate that duped buyers by selling non-existent or disputed land parcels. The action, carried out under the Uttar Pradesh Gangsters and Anti-Social Activities (Prevention) Act, targets properties and vehicles belonging to the accused. The syndicate reportedly posed as representatives of reputed developers and specifically targeted armed forces personnel. Authorities have registered multiple cases involving fraud, forgery and criminal conspiracy. The move forms part of an ongoing crackdown on organised real estate fraud, with further asset attachments expected as investigations progress.Read more

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PCMC residents seek action against builders for failing water supply commitments, demand cost recovery

22 Apr 2026

Residents across Pimpri Chinchwad have demanded action against developers for failing to honour water supply commitments made during project approvals, forcing societies to depend on private tankers. Housing federations have sought recovery of expenses incurred by residents since 2019, with some societies reporting significant outflows on tanker procurement. The issue follows directives from the divisional commissioner to take action against non-compliant builders and publish details of violations. The civic body has indicated it is compiling a list of defaulting developers, while ongoing delays in the Bhama Askhed pipeline project continue to limit municipal supply. The situation highlights gaps in enforcement of developer undertakings and infrastructure readiness.Read more

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Illegal colonies in Haridwar discharge waste into Ganga, civic body flags pollution risk

22 Apr 2026

Illegal colonies along the Ganga riverbank in Haridwar have emerged as a significant source of pollution, with local authorities flagging direct discharge of untreated waste into the river. The municipal body has written to the irrigation department seeking action against encroachments on government land, where basic sewage infrastructure is absent. These settlements reportedly release domestic and human waste into the river, undermining ongoing clean-up efforts. The issue highlights gaps in urban planning and enforcement, particularly in riverfront zones, and raises concerns over environmental compliance in unregulated housing clusters. Authorities are now considering coordinated action to address both encroachment and waste management failures.Read more

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Lucknow launches OTS scheme for 4,000 property defaulters

Lucknow News Desk

21 Apr 2026

The Lucknow Development Authority has introduced a one-time settlement (OTS) scheme targeting nearly 4,000 defaulting property allottees across residential, commercial and institutional segments. Rolled out earlier this week, the scheme allows waiver of penal interest and offers structured payment options, including instalments for high-value dues. Incentives for early settlement and simplified processing aim to accelerate resolution of long-pending defaults. The initiative is designed to improve revenue recovery while enabling property regularisation for allottees facing accumulated liabilities. With dedicated help desks and outreach measures, the authority is seeking to bring inactive accounts back into compliance and streamline property administration across its portfolio.Read more

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MMRDA rolls out participatory land acquisition model for Mumbai 3.0 development

21 Apr 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has introduced a participatory land acquisition framework for the planned Mumbai 3.0 project, covering over 323.44 sq km across Raigad district. The policy offers landowners multiple options, including consent-based acquisition, development rights compensation, and a land pooling model with 22.5% developed land return. Linked to the Atal Setu corridor, the initiative aims to promote planned urban expansion and infrastructure-led growth. Landowners will be able to submit consent through an online system starting April 27, 2026, marking a shift towards more inclusive and transparent development practices.Read more

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Lucknow civic body clears Amausi township and 14 other projects worth INR 2,500 crore

Lucknow News Desk

21 Apr 2026

The Lucknow Development Authority (LDA) has approved 15 major development proposals, including a new township in Amausi, with a combined investment of nearly INR 2,500 crore. The clearances cover residential, commercial and institutional projects across the city and are expected to add fresh housing supply and urban infrastructure. The proposed Amausi township will be developed over a large land parcel near the airport corridor, reflecting the authority's focus on planned urban expansion in southern Lucknow. The approvals form part of a broader push to accelerate project clearances and unlock stalled investments in the city's real estate market.Read more

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Karnataka RERA orders BDA to pay INR 56 lakh for delay in Kempegowda Layout amenities

21 Apr 2026

The Karnataka Real Estate Regulatory Authority (K-RERA) has directed the Bangalore Development Authority (BDA) to pay approximately INR 56 lakh as interest compensation to a homebuyer for delays in providing basic amenities at the Nadaprabhu Kempegowda Layout in Bengaluru. The order follows a complaint where the allottee had received possession without essential infrastructure such as roads, water and electricity. K-RERA held that BDA qualifies as a promoter under the RERA framework and is liable for deficiencies in service. The ruling reinforces accountability of public authorities in real estate projects and underscores that possession without infrastructure does not meet statutory obligations.Read more

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Mumbai civic body utilises 87% capex budget with strong infrastructure push

Mumbai News Desk

21 Apr 2026

The Brihanmumbai Municipal Corporation (BMC) has utilised around 87% of its capital expenditure budget, spending INR 39,159 crore out of INR 43,162 crore. This marks an increase from the previous year and reflects faster execution of infrastructure projects. Major spending was directed towards sewage treatment upgrades, road concreting, bridges, water supply, and stormwater drainage. While the administration has focused on improving long-term infrastructure, concerns have been raised about gaps in basic civic services and the need for better quality control in project execution.Read more

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Supreme Court allows banks to proceed with fraud classification against Anil Ambani

21 Apr 2026

The Supreme Court has declined to interfere with a Bombay High Court ruling that lifted the stay on fraud classification proceedings against Anil Ambani and Reliance Communications. The case stems from a forensic audit that flagged alleged diversion of funds worth around INR 30,000 crore. While dismissing the appeals, the apex court allowed Ambani to challenge the show-cause notices before the High Court and asked for an expedited hearing. The decision follows earlier withdrawal of interim relief and puts the focus back on detailed examination of the matter at the High Court level.Read more

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Consumer court orders Go Airlines to refund INR 63,000 with 18% interest, flags ‘no-show’ claim as unfair trade practice

21 Apr 2026

A Mumbai consumer court has directed Go Airlines (later rebranded as Go First) to refund INR 63,161 with 18 per cent annual interest and pay additional compensation after ruling that misrepresenting a cancelled flight as rescheduled and marking passengers as no-shows constituted unfair trade practice. The case relates to a 2019 Goa-Chandigarh flight booking cancelled hours before departure. The airline had denied a cash refund, offering only a credit shell while citing regulatory exemptions. The commission rejected this defence, noting that the airline had itself communicated the cancellation. It also awarded INR 25,000 as compensation and INR 20,000 towards litigation costs, holding the airline liable for deficiency in service.Read more

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