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

DDA demolition drive in Sainik Farm leads to dispute over stay order and land demarcation

13 Apr 2026

The Delhi Development Authority (DDA) carried out a demolition drive in Sainik Farm, South Delhi, targeting two residential plots located on Western Avenue. The operation took place during early morning hours with police deployment to maintain order. Residents opposed the action, claiming that a valid court stay order was in force and raising concerns over unclear land demarcation and Khasra identification. The Residents Welfare Association termed the move unjustified and unlawful. The incident comes amid ongoing policy discussions around regularisation of unauthorised colonies in Delhi.Read more

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Haryana approves INR 1,028 crore for infrastructure and civic development projects

13 Apr 2026

The Haryana government has approved an expenditure of INR 1,028 crore for a wide range of infrastructure and departmental projects across multiple sectors. The approval was given during a High-Powered Purchase Committee meeting chaired by the Chief Minister. The allocation covers urban infrastructure, water supply systems, health facilities, industrial pollution control measures, and civic development works. Savings of about INR 96 crore were also achieved through negotiations with contractors. Authorities have directed departments to ensure timely execution, quality control, and strict monitoring of all ongoing works.Read more

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Bombay High Court directs MMRDA to refund INR 646 crore to Reliance Industries

Mumbai News Desk

13 Apr 2026

The Bombay High Court has directed the Mumbai Metropolitan Region Development Authority (MMRDA) to refund INR 646 crore to Reliance Industries Limited in a major ruling linked to a long-standing dispute over a commercial development project at Bandra Kurla Complex in Mumbai. The court has set aside penalty and demand notices issued by the authority, observing that the recovery action lacked legal backing and was applied in an arbitrary manner. It further noted inconsistency in extension benefits granted to similar projects, leading to unequal treatment, and ordered the refund within a fixed timeframe with interest applicable on delay.Read more

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Bombay High Court upholds Altamount Road redevelopment, dismisses PIL challenge

Mumbai News Desk

13 Apr 2026

The Bombay High Court has upheld the redevelopment approval for a 16-storey residential building on Altamount Road in Mumbai and dismissed a public interest litigation challenging the project. The court observed that the petition did not demonstrate genuine public interest and appeared to question permissions already granted and implemented. It accepted submissions that approvals were issued in accordance with applicable Development Control Regulations and planning norms. The court further noted that the building was already completed and found no procedural irregularity, reinforcing limited scope of judicial interference in such matters.Read more

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Ranchi civic body intensifies action against illegal commercial use in residential areas

13 Apr 2026

The Ranchi Municipal Corporation has stepped up its drive against unauthorised commercial activities operating in residential areas across the city. Officials are inspecting properties, reviewing trade licences and identifying violations of land-use norms. Businesses running without proper approvals are being issued notices and may face penalties or closure. The move is aimed at reducing congestion and maintaining planned urban development. The action follows earlier enforcement efforts and reflects a continued push to ensure compliance with municipal rules and prevent misuse of residential properties.Read more

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Kolhapur civic action committee flags gaps in draft third development plan, raises concerns over land reservations and urban infrastructure provisions

12 Apr 2026

Members of the Kolhapur City Civic Action Committee have raised objections to the draft third development plan prepared for the Kolhapur Municipal Corporation, citing a narrow focus on land reservations and inadequate attention to the city's growing infrastructure needs. The concerns were presented during a meeting with officials from the town planning department in the past week. The committee highlighted that the draft fails to address rising population pressures, increased vehicular traffic, and flood-prone zones, while civic amenities such as gardens, schools, and open spaces remain insufficient. It also pointed out that the city's administrative area has remained unchanged at 66.82 sq km for decades. The group has urged planners to revise the draft to ensure compliance with statutory requirements and align it with current urban realities.Read more

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Gujarat RERA imposes INR 3.5 crore penalties on builders for bank account rule violations

12 Apr 2026

Gujarat Real Estate Regulatory Authority (GujRERA) has taken strict action against real estate developers for violating rules related to RERA-mandated project bank accounts. The regulator imposed penalties totalling INR 3.5 crore after identifying irregularities in the handling of homebuyer funds. The violations included failure to deposit the required portion of collections into designated accounts and excess withdrawals beyond permitted limits. The action followed suo motu proceedings in eight cases, with fines ranging between INR 95 lakh and INR 2 crore. The move reflects tighter monitoring of financial compliance in real estate projects.Read more

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Delhi RWAs warn of rising chaos as mixed-use push under TOD policy impacts residential areas

Delhi News Desk

12 Apr 2026

Resident Welfare Associations (RWAs) in Delhi have raised concerns about the growing implementation of mixed-use development under the Transit-Oriented Development (TOD) policy. While the policy is aimed at improving housing supply and optimising land use near metro corridors, residents say it is already putting pressure on infrastructure and changing the character of residential areas. They have flagged gaps in implementation, lack of monitoring, and increasing commercial activity in housing zones. The concerns come as the government expands TOD norms to encourage higher density development and faster urban redevelopment.Read more

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Navi Mumbai civic body approves INR 6,904.43 crore budget for FY27 with focus on infrastructure and public services without tax increase

12 Apr 2026

The Navi Mumbai Municipal Corporation (NMMC) has approved a budget of INR 6,904.43 crore for FY2026-27, following deliberations in its general body meeting held in the past week. The budget, cleared under Section 100 of the Maharashtra Municipal Corporation Act, includes a revised estimate of INR 5,830.82 crore for FY2025-26 and incorporates an increase of INR 200 crore in the opening balance. The final expenditure for FY2026-27 has been set at INR 6,889.43 crore, leaving a closing balance of INR 15 crore. Civic officials stated that the budget prioritises urban infrastructure, sanitation, healthcare, education and welfare schemes, while avoiding any tax increase. The administration has also outlined measures to improve revenue collection, particularly through property tax and water charges, alongside expanding digital governance services.Read more

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Ahmedabad civic body shifts parking responsibility to property owners under revised regulations

12 Apr 2026

The Ahmedabad Municipal Corporation (AMC) has introduced revised parking regulations placing direct responsibility on property owners to manage vehicle parking within their premises across the city. Under the new framework, owners of residential and commercial buildings must ensure that vehicles belonging to occupants and visitors are accommodated internally, with strict restrictions on roadside and public-space parking. Non-compliance could result in suspension or cancellation of building usage permissions under existing development control regulations. The rules also mandate appointment of parking managers, installation of signage, and submission of annual self-declarations confirming compliance. The move forms part of the civic body's broader efforts to address traffic congestion and improve urban mobility across high-density areas.Read more

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