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

Patna civic body launches citywide property survey to plug revenue gaps and detect land-use violations

Patna News Desk

17 Apr 2026

The Patna Municipal Corporation (PMC) has initiated a comprehensive citywide property survey to address revenue leakages and identify discrepancies in property records. The exercise, undertaken in the past week, aims to bridge the gap between over five lakh electricity connections and only around 3.06 lakh registered properties. The survey will involve door-to-door verification, geo-tagging, and cross-checking of self-assessed data to detect unregistered holdings and misuse of residential properties for commercial purposes. The move follows directions from the urban development and housing department and aligns with a Supreme Court mandate requiring states to report unauthorised land-use changes. The initiative is expected to strengthen property tax collection, improve compliance, and enhance municipal financial capacity for urban infrastructure.Read more

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Mangaluru civic body initiates enforcement action against sewage discharge polluting Moilykere lake in Mahakalipadpu

17 Apr 2026

The Mangaluru City Corporation (MCC) has initiated enforcement measures against residential properties discharging sewage into Moilykere lake in Mahakalipadpu, Mangaluru, following persistent pollution concerns. Notices have been served to houses and apartment complexes identified as sources of untreated sewage inflow, with legal action proposed under provisions of the Karnataka Municipal Corporations Act. The issue, raised in the state legislature, prompted a site inspection by the state's urban development authorities. The absence of an underground drainage (UGD) network in the area has been identified as the primary cause, affecting nearly 400 households across adjoining localities. Civic authorities are concurrently working to identify land for a wet well to enable long-pending UGD infrastructure aimed at addressing sewage management and restoring the lake.Read more

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ED conducts searches at Gurugram-based 32nd Avenue in alleged INR 500 crore investor fraud case

17 Apr 2026

The Enforcement Directorate (ED) has carried out search operations at multiple premises linked to Gurugram-based real estate group 32nd Avenue in connection with an alleged investor fraud estimated at around INR 500 crore. The action, undertaken in the past week, covered seven locations across Delhi-NCR and Goa as part of a money laundering probe initiated under the Prevention of Money Laundering Act (PMLA). The investigation stems from multiple FIRs registered by the Haryana Police following complaints from investors who alleged financial irregularities and misrepresentation. Authorities indicated that promoter-directors of the group are either absconding or in judicial custody. The probe is focused on tracing the flow of funds and identifying assets potentially linked to the alleged fraud, reflecting continued enforcement scrutiny in high-value real estate transactions.Read more

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Nagpur civic body faces revenue pressure as 3.76 lakh property owners skip tax payments

16 Apr 2026

Nagpur Municipal Corporation has seen a drop in property tax collections despite an increase in the total number of properties. Around 3.76 lakh property owners have not paid their dues, affecting one of the civic body's main revenue sources. Collections remain lower than last year even as targets were raised. Recovery work was also impacted due to election duties, while some zones showed weak compliance. The situation highlights gaps in enforcement and property tracking, even as the civic body continues to explore rebates and stricter recovery measures.Read more

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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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