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

Dehradun shuts 103 homestays over safety violations and illegal commercial operations

25 May 2026

• Dehradun administration cancelled registrations of 103 homestays during an inspection drive across the district.
• Authorities found violations related to fire safety, guest record management, food licences and illegal commercial usage.
•Several homestays were allegedly operating as hotels, party venues and bars instead of owner-managed residential properties.
• The crackdown was carried out under ‘Operation Safai’ amid rising complaints linked to crime, public nuisance and traffic violations.
• Officials have started removing non-compliant properties from Uttarakhand Tourism listings while inspections continue in other areas.
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ED arrests Punjab real estate developer in Mohali land fraud and CLU approval case

25 May 2026

The Enforcement Directorate (ED) has arrested Punjab-based real estate developer Ajay Sehgal in a money laundering investigation linked to alleged forged consent letters used to obtain Change of Land Use (CLU) approvals for projects in Mohali. The probe involves projects including Suntec City, La Canela and District 7, with transactions estimated at over INR 200 crore. Authorities alleged that fake signatures and thumb impressions of landowners were used during the approval process. The investigation has also expanded to examine the possible role of officials connected to project clearances and land-use permissions in Punjab’s fast-growing real estate market.Read more

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MHADA reviews progress of affordable housing projects in Kalyan taluka

25 May 2026

MHADA has reviewed the progress of multiple affordable housing projects underway in Kalyan taluka under PMAY and regional housing schemes, including developments at Shirdhon and Khoni. The review focused on construction status, infrastructure connectivity, pending approvals and occupancy-related challenges affecting project execution. Officials also assessed the impact of major infrastructure projects, including the proposed Virar–Alibaug Multimodal Corridor, on planned housing layouts in the region. The exercise forms part of MHADA’s broader strategy to accelerate affordable housing delivery and improve residential infrastructure across the Mumbai Metropolitan Region.Read more

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UP RERA tightens rules on project funds, bans assured return schemes for builders

25 May 2026

• UP RERA has barred developers from using homebuyers’ funds in assured return schemes.
• All RERA-registered projects must now operate through three dedicated bank accounts.
• At least 70% of homebuyers’ money will be routed daily into a separate account for construction use.
• Withdrawals will require certification from an architect, engineer, and chartered accountant.
• The regulator aims to strengthen transparency and prevent diversion of project funds.
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ED seeks witness protection in Ocean Seven Buildtech case after threats reported by homebuyers

25 May 2026

The Enforcement Directorate has approached police authorities in multiple states to ensure protection for homebuyers and witnesses linked to the Ocean Seven Buildtech Pvt Ltd case involving promoter Swaraj Singh Yadav. The action follows complaints of threats, intimidation, and coercion reported during a recent bail hearing in a money laundering investigation tied to alleged misuse of funds in affordable housing projects. Victims told the court that they were being pressured to withdraw statements, while some also faced alleged false FIRs. The court directed immediate protection measures, prompting coordinated action by the ED with law enforcement agencies.Read more

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ED seeks police protection for Gurugram homebuyers in Ocean Seven Buildtech fraud case

25 May 2026

• The Enforcement Directorate (ED) has sought police protection for homebuyers and witnesses linked to the money laundering probe against Gurugram-based Ocean Seven Buildtech Pvt Ltd and promoter Swaraj Singh Yadav.
• Several buyers told a Delhi court that they were facing threats, intimidation and pressure for cooperating with the investigation.
• The ED has written to police authorities in Delhi, Haryana and Rajasthan after the court directed interim protection for complainants and witnesses.
• The case is linked to alleged irregularities in affordable housing projects, including arbitrary cancellations, re-allotments and diversion of homebuyer funds.
• Haryana’s DTCP has also been informed about alleged financial misappropriation and fund diversion by the company.
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NCLT admits insolvency plea against Theme Developers in petition filed by Indiacrete Ready Mix

25 May 2026

The National Company Law Tribunal (NCLT), Mumbai Bench, has admitted a corporate insolvency resolution process (CIRP) petition filed by Indiacrete Ready Mix Pvt. Ltd. against Theme Developers Pvt. Ltd. under the Insolvency and Bankruptcy Code (IBC). In its order, the tribunal approved commencement of CIRP against the developer and appointed an Interim Resolution Professional (IRP) to oversee the insolvency proceedings. The tribunal also imposed a moratorium on legal proceedings and directed public announcement of the insolvency process in accordance with IBC provisions. According to the order, the operational creditor was instructed to deposit INR 3 lakh towards initial CIRP-related expenses, including issuance of public notices and claim invitation procedures.Read more

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E-khata and Kaveri 2.0 changes disrupt property transactions in Belagavi amid registration delays

24 May 2026

Property transactions in Belagavi have been significantly impacted following the implementation of mandatory e-khata requirements and changes to Karnataka’s Kaveri 2.0 registration platform, leading to delays in registrations, khata transfers and sale deed processing due to technical and procedural issues. BJP MLA Jagadish Shettar has sought urgent state government intervention, highlighting the difficulties faced by property owners, developers and document writers amid the ongoing transition to digital property record systems.Read more

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The Department of Land Resources and the Asian Development Bank explore collaboration on digital land records and watershed management

24 May 2026

• DoLR and ADB held discussions on strengthening land governance, digital land records and watershed management in India.
• Talks focused on technical assistance, policy support and knowledge sharing to improve land administration systems.
• Government highlighted progress under Digital India Land Records Modernisation Programme (DILRMP), with near-complete digitisation of Records of Rights in several states and Union Territories.
• Around 66% of agricultural land parcels have been assigned Unique Land Parcel Identification Numbers (ULPINs), also known as “Bhu-Aadhaar”.
• Both sides discussed future cooperation in climate resilience, geospatial systems and data-driven land management.
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APCRDA holds workshop to make Amaravati a more accessible and inclusive city

24 May 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) recently conducted a workshop focused on developing Amaravati as an accessible and inclusive capital city. The session brought together more than 80 architects, planners, engineers, consultants, accessibility experts and government officials to discuss universal design, inclusive infrastructure and barrier-free urban planning. Experts from institutions including LV Prasad Eye Institute, Surbana Jurong, DP Architects Singapore and Ekansh Trust shared global practices and practical solutions for accessible public spaces. The workshop also included an access audit exercise and discussions on creating equitable urban systems for people of all ages and abilities.Read more

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