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

State reviews reduction in land reserved for Worli sewage treatment plant after court intervention

15 Feb 2026

The Maharashtra government has reviewed the reduction of land reserved for the Worli sewage treatment plant following a High Court order that halted construction on the site. Senior officials from the Urban Development department, BMC and SRA examined how the reserved area was reduced without statutory modification of the Development Plan. The court sought explanations on approvals granted for transit buildings on the land. The state reiterated the importance of the STP as critical civic infrastructure and reviewed whether the reduced land area is adequate for long-term sewage treatment requirements.Read more

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Haryana government initiates action against Golden Glow Estates over lapsed project licence

14 Feb 2026

The Haryana government's Department of Town and Country Planning (DTCP) has taken enforcement action against Golden Glow Estates, the developer of a group housing project in Sector 68, Badshahpur, Gurugram, after the project's development licence lapsed eight years ago and was not renewed, officials said earlier this week. The developer has reportedly accumulated more than INR 51.8 crore in external development charges and related dues. The DTCP has issued a show-cause notice to the company and directed the district town planner (enforcement) to initiate action under relevant provisions of the Haryana Development and Regulation of Urban Areas Act, requiring a compliance report within a short timeframe. Authorities indicated that subsequent steps could include licence cancellation, recovery of dues and other enforcement measures if the promoter does not respond satisfactorily. The case highlights intensified regulatory scrutiny of stalled and non-compliant housing projects in the state.Read more

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Tribal clashes in Manipur’s Ukhrul leave over 20 houses gutted

14 Feb 2026

Renewed clashes between the Tangkhul Naga and Kuki communities in Manipur's Ukhrul district resulted in widespread arson, with more than 20 homes destroyed in and around the Litan area. The unrest began after an alleged assault on a Tangkhul Naga man, leading to stone-pelting exchanges and prolonged confrontations. Authorities imposed prohibitory orders and deployed security forces to restore order. Political leaders have been involved in talks to calm tensions, and efforts continue to prevent further escalation.Read more

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Noida authority to roll out land pooling policy to acquire farmland, resolve acquisition impasse

Noida News Desk

14 Feb 2026

The Noida Authority has decided to implement a land pooling policy to secure agricultural land from farmers for urban development, after efforts to buy land at existing rates stalled due to resistance from landowners. The policy, already approved for industrial bodies under state regulations, will allow farmers to contribute land to pooled development and receive a share of the developed plots with 80 % for industrial use, 12 % for residential and 8 % for commercial instead of receiving outright cash compensation. Officials estimate around 500 acres along the Noida Expressway could be brought under the scheme. The authority has also raised the direct purchase rate from INR 5,500 to INR 9,000 per square metre to encourage voluntary sales of smaller plots. Farmers leaders welcomed the policy's use, noting that retaining a share of developed land may offer better long-term value than direct sale.Read more

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NCLT clears resolution plan for Hotel Horizon, equity creation stayed by appellate tribunal

14 Feb 2026

The National Company Law Tribunal has approved the resolution plan for Hotel Horizon, allowing a consortium led by Oberoi Realty, Shree Naman Developers and JM Financial Properties and Holdings to acquire the insolvent company. The plan proposes a payout of INR 919 crore against total admitted claims of INR 1,293 crore, offering around 74% recovery to lenders. Hotel Horizon's main asset is a prime 1.85-acre land parcel in Juhu, Mumbai. However, the National Company Law Appellate Tribunal has put a temporary hold on equity creation under the plan, pending further hearings.Read more

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BMC moves against major property tax defaulters, warns of seizure and auction

Mumbai News Desk

14 Feb 2026

The Brihanmumbai Municipal Corporation has intensified recovery action against large property tax defaulters in Mumbai by issuing attachment and seizure notices under the municipal law. The civic body has identified several major developers and entities with long-pending dues running into hundreds of crores. Officials have warned that movable assets may be seized first, followed by auction of properties if payments are not made. Property tax remains a key revenue source for civic services, and the BMC has urged defaulters to clear arrears through available payment mechanisms.Read more

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Modi asks road transport ministry to fix highway quality and act against weak contractors

14 Feb 2026

Prime Minister Narendra Modi has directed the road transport ministry to urgently address concerns over declining highway quality and submit a clear improvement framework by May. The instruction follows repeated complaints about damaged and poorly built national highways, especially after monsoons. The Prime Minister has asked for stronger standard operating procedures, stricter monitoring, and firm action against underperforming and litigating contractors. The ministry has also been told to review land acquisition disputes, assess contractor performance more closely, and stop converting state highways into national highways.Read more

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NMMC carries out demolition drive against unauthorised fourth-floor construction in Turbhe

14 Feb 2026

The Navi Mumbai Municipal Corporation (NMMC) has undertaken demolition action against an unauthorised construction in the Turbhe division, where a fourth-floor RCC structure was being erected without prior approval. During a site inspection at a residential property in Sector 5, Sanpada village, civic officials found that construction measuring about 9.40 metres by 5 metres was underway in violation of planning norms. Despite the issuance of a notice under Section 54 of the Maharashtra Regional and Town Planning Act, 1966, the work reportedly continued. Acting on senior-level directions, the civic body organised a demolition drive and removed the illegal structure. The operation was carried out under the supervision of senior officials, with police support and demolition equipment deployed. The corporation reiterated that enforcement against unauthorised constructions will be intensified across its jurisdiction.Read more

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Bengaluru development body proposes revised graded penalty for vacant residential plots

Bangalore News Desk

13 Feb 2026

The Bangalore Development Authority (BDA) is considering changes to its penalty regime for vacant residential sites after acknowledging that the existing flat penalty has not achieved its intended results. Under the current policy, allottees have been subject to a uniform penalty equivalent to 10 % of the prevailing guidance value for land that remains undeveloped, yet compliance has been low as many plot holders have neither paid the levy nor begun construction. At a recent governing council meeting, officials discussed replacing the flat rate with a graded structure tied to plot size and construction timelines, with lower rates for smaller plots and early development. The aim is to encourage allottees to build on their land and reduce speculative holding, addressing concerns about idle sites that attract encroachment and other issues across the city's layouts.Read more

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AAI flags unauthorised construction near Dehradun airport, warns of air safety risks

13 Feb 2026

The Airports Authority of India (AAI) has raised concerns about multiple unauthorised constructions around Jolly Grant Airport in Dehradun, highlighting risks to aviation safety. Recent inspections revealed residential and commercial buildings erected without the mandatory No Objection Certificate (NOC), violating height restrictions and clearance norms. Officials said approvals under the Aircraft Act, 1934, are required within 20 km of airports, especially in approach and landing zones. Monthly inspections flag violations and report them to local authorities to ensure obstacle-free airspace for safe aircraft operations.Read more

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