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

Maharashtra plans online housing society registration with reduced documentation

04 Jan 2026

Maharashtra's cooperation department is moving housing society registration to an online platform to reduce procedural delays and excessive paperwork. The initiative will cut required documents from 29 to 19, lowering the documentation burden by nearly 34%. Applications will be processed through the Aaple Sarkar portal, allowing societies to submit papers and track approvals digitally. Officials have clarified that core legal documents will continue to be mandatory. The move is expected to improve registration rates, especially in urban areas where many societies continue to operate without formal registration.Read more

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Ambala Cantonment demolishes six illegal colonies covering over 21 acres

04 Jan 2026

The Ambala Cantonment administration conducted a major enforcement drive earlier this week, demolishing six illegal colonies across Chandpura, Sareri, and Ranwala villages, covering more than 21.5 acres. The action included removal of 27 ongoing constructions and temporary roads, aiming to halt unauthorised development. Led by the duty magistrate cum District Town Planner with police support, officials reiterated warnings against investing in unapproved land and advised buyers to verify legal ownership before transactions. The move is part of ongoing efforts to regulate urban development and ensure compliance with planning norms.Read more

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Bombay HC reprimands MHADA officials for stalling redevelopment of two Pune housing societies

Mumbai News Desk

03 Jan 2026

The Bombay High Court reprimanded Maharashtra Housing and Area Development Authority (MHADA) officials for improperly halting redevelopment plans for two Pune housing societies, Sunglory and Nutan, in Sadashiv Peth. The bench noted that the officers misinterpreted a remark from the state Chief Minister as an official stay order. While the Sunglory society's no-objection certificate (NOC) remains valid, MHADA has been directed to decide on Nutan's pending proposal promptly. The court also disapproved political interference from a local MLA, emphasizing that such actions have no legal standing and must not delay redevelopment.Read more

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Telangana real estate registrations fall while revenue edges higher

03 Jan 2026

Telangana's real estate sector has experienced a drop in property registrations despite a modest rise in revenue. Total registrations fell by around 50,000 in the current fiscal period, reaching approximately 12.5 lakh, compared to 13 lakh last year. Revenue, however, increased by roughly INR 600 crore, totaling around INR 11,200 crore, supported by higher property values and increased home loan use. Certain months saw improved registration activity, but overall, growth was negative. Officials note that meeting the ambitious INR 19,100 crore target for the year appears unlikely.Read more

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Maharashtra homebuyers raise concerns over MOFA amendments weakening protections

03 Jan 2026

Consumer groups in Maharashtra have raised serious concerns over recent amendments to the Maharashtra Ownership of Flats Act (MOFA), stating that the changes weaken legal protections for homebuyers. The amendments remove criminal liability for builders in cases of violations such as delayed possession, misuse of buyer funds, or non-registration of conveyance, effectively granting them legal immunity. Critics warn that excluding projects registered under RERA after May 1, 2016, reduces MOFA's relevance for many developments, leaving buyers of legacy and redevelopment projects vulnerable. Authorities are being urged to restore key provisions to safeguard public interest.Read more

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Deadly water contamination hits Indore, nine dead and over 200 hospitalised

03 Jan 2026

At least nine people have died and over 200 have been hospitalised in Indore following a diarrhoea outbreak linked to contaminated drinking water, according to local authorities. The illness was traced to a leak in a water pipeline in the Bhagirathpur area, where tests confirmed bacterial contamination. Health officials said most patients are receiving treatment across city hospitals, while final test reports are awaited. Authorities have repaired the leakage point, deployed medical teams for door-to-door health checks, and distributed chlorine tablets to residents. Thousands have been screened so far, with several cases showing mild symptoms. The incident has raised concerns despite Indore's reputation as India's cleanest city.Read more

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Calcutta High Court allows KMC to repair unsafe buildings amid civil dispute

Kolkata News Desk

03 Jan 2026

The Calcutta High Court has permitted the Kolkata Municipal Corporation to undertake repair and maintenance work on buildings deemed unsafe, even as civil litigation remains pending between the property owners and the civic body. The order enables the corporation to carry out structural rectification to ensure safety and prevent potential hazards, particularly in densely populated neighbourhoods. The ruling underscores the court's emphasis on protecting life and property, balancing legal rights with urgent civic responsibilities. While the civil dispute continues to be adjudicated separately, the civic agency has been authorised to proceed with remedial works to avert risks associated with deteriorating structures.Read more

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Trichy Corporation penalises contractors over smart city project delays

02 Jan 2026

The Tiruchirappalli City Municipal Corporation has taken decisive action against contractors responsible for delays in smart city development works, issuing penalty notices and pressurising timely completion of ongoing infrastructure projects. The action follows concerns over missed deadlines on key components of the smart city initiative, which aims to improve urban amenities, traffic management and public utilities. Corporation officials have emphasised adherence to contractual timelines and quality standards, warning that continued non-compliance will result in further punitive measures. The drive underscores the civic body's commitment to accelerating smart city outcomes and addressing bottlenecks in project delivery, with a renewed focus on accountability and execution efficiency.Read more

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Lucknow Development Authority dismantles 12 illegal constructions in major crackdown

Lucknow News Desk

02 Jan 2026

The Lucknow Development Authority (LDA) has carried out a significant enforcement action, dismantling 12 illegal structures across the city in a bid to uphold planning regulations and protect public land. The crackdown targeted unauthorised buildings that had been erected without requisite approvals or in violation of sanctioned land use, including encroachments on roadsides and open spaces. LDA officials said the action forms part of ongoing efforts to prevent unauthorised real estate activity and to ensure orderly urban development. The authority has reiterated its commitment to continued monitoring and enforcement, warning that future violations will be acted upon promptly under applicable planning and municipal laws.Read more

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Gurugram civic body seals multiple properties as tax arrears exceed INR 18 crore

Gurugram News Desk

02 Jan 2026

The Municipal Corporation of Gurugram (MCG) recently took enforcement action against property tax defaulters after repeated non-payment notices, sealing several properties across key localities for overdue taxes exceeding INR 18 crore. Officials said the move is part of an ongoing campaign to improve compliance and ensure funds for essential civic services such as roads, water supply and sanitation. The corporation has already collected significant revenue this financial year and expects further growth. Authorities reminded owners that property tax is a key revenue source and urged timely payment to avoid such measures and additional penalties.Read more

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