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 orders probe into low repair bids for 16,000 South Mumbai cessed buildings

14 Dec 2025

The Maharashtra government has ordered an inquiry into repair tenders for nearly 16,000 old cessed buildings in South Mumbai after bids were found to be 100-140% below estimated costs. Lawmakers warned that such unusually low bids could let contractors illegally add floors and profit from selling flats. Additional Chief Secretary Aseem Gupta will review the contracts, with the state confirming that any violations will lead to cancellations. The legislator also urged lifting the stay on amendments to Section 79A of the MHADA Act, which would let authorities acquire unsafe buildings. The issue is critical as many pre-1969 structures face structural risks ahead of the monsoon.Read more

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Surat contractor fined INR 5 lakh for poor dust control at Dumas Seaface project

14 Dec 2025

Surat Municipal Corporation fined a contractor INR 5 lakh at the Dumas Seaface project for failing to implement dust control and waste management measures. The action is part of a broader inspection of 266 construction sites across the city, of which 184 were penalised, totalling INR 56 lakh. Key violations included missing shade nets and improper debris disposal, with Varachha and Sarthana zones most affected. The crackdown aims to enforce pollution norms across Surat’s construction sector, ensuring safer air quality and cleaner urban surroundings.Read more

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Maharashtra clears incentive FSI to speed up redevelopment of Mumbai mill lands

13 Dec 2025

The Maharashtra government has moved to speed up redevelopment of old buildings and chawls on Mumbai’s mill lands by approving key changes to planning regulations. The previous rules lacked incentive Floor Space Index (FSI), which discouraged developers from taking up projects despite many structures being unsafe and long overdue for renewal. Under revised norms, developers will now get added incentive FSI, making projects more viable. Residents on mill lands will keep the right to rehabilitation homes. This change aims to unlock stalled projects and bring renewed investment to Mumbai’s historic mill areas.Read more

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Vadodara beneficiaries protest after PMAY housing draw postponed

13 Dec 2025

In Vadodara, the planned draw for 2,700 houses under the Pradhan Mantri Awas Yojana was postponed by a day, prompting beneficiaries to protest at the Sir Sayajirao Nagargruh town hall. Although the Vadodara Municipal Corporation said it sent multiple messages about the postponement, many applicants claimed they did not receive or see these alerts. Some had taken leave from work and were worried about losing wages if they had to return for the rescheduled draw. The protests highlight ongoing concerns about communication and delays in housing allotments.Read more

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Telangana unveils long-term PPP housing plan to boost affordable homes by 2047

13 Dec 2025

Telangana has unveiled an ambitious long-term housing plan that aims to create a steady supply of affordable homes through a public-private partnership (PPP) model by 2047. The initiative invites private developers to work with state agencies to design, build and maintain housing for lower and middle-income families. By combining public land with private capital and expertise, the state hopes to overcome funding delays and speed up delivery. The extended timeline allows phased development aligned with urban growth, infrastructure upgrades and changing housing needs. The plan focuses on providing affordable, well-connected and amenity-rich homes, encouraging developers to deliver quality housing through efficient design and scale.Read more

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ED raids Bhuvan Teza Infra over INR 80 crore homebuyer scam in Hyderabad

13 Dec 2025

The Enforcement Directorate has raided six locations of Bhuvan Teza Infra in Hyderabad over money-laundering linked to pre-launch Happy Homes flats at Shamirpet. Around INR 80 crore was collected from nearly 300 buyers between 2020 and 2023 without delivery of flats or refunds. TG RERA had earlier penalised the company, declared it a defaulter, and ordered refunds with 11% interest. The director and two employees were arrested in 2024. The case highlights financial, regulatory, and legal accountability in Telangana's real estate sector.Read more

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Madhya Pradesh clears land consent for Indore Pithampur economic corridor

13 Dec 2025

The Madhya Pradesh Industrial Development Corporation (MPIDC) secured landowner consent for nearly 300 hectares under a land pooling plan for the 19.60 km Indore Pithampur Economic Corridor, covering part of the total 1,177 hectares including private and government land. This development marks steady progress in a major connectivity project designed to ease freight movement and support industrial growth in the region. Authorities continue phased land formalities and will finalise engineering plans before beginning structured corridor development. The project builds on prior land registry steps and policy adjustments for returning developed land to owners.Read more

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Delhi civic body unveils FY27 budget with focus on sanitation and stable taxes

13 Dec 2025

The Municipal Corporation of Delhi has decided to keep property tax rates unchanged for FY27 despite a sharp rise in taxpayer numbers and collections. The civic body reported a 19.8% increase in registrations, crossing 12 lakh taxpayers, and collections reached INR 2,270 crore, a 30% jump from the previous year. The budget proposal of INR 16,531 crore focuses on sanitation, waste-processing upgrades, parking development, licence reforms, and road construction. While revenue has improved, the MCD continues to carry liabilities of around INR 15,792 crore, including employee dues and contractor payments.Read more

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LDA clears 385-acre township and housing plans, including 1,100 EWS units

13 Dec 2025

The Lucknow Development Authority has approved a wide set of projects covering about 385 acres, including seven private townships under the Uttar Pradesh Township Policy 2023 and layout plans for major upcoming schemes such as IT City, Wellness City, Naimish Nagar and Varun Vihar. A revised plan for Sharda Nagar clears over 1,100 EWS homes along with supporting infrastructure, including an STP. The LDA has also frozen prices of its vacant flats for a year and introduced discounts for decorated armed-forces veterans. A reclaimed 43-acre tract near Shaheed Path will be redeveloped for group housing and commercial use. The board also resolved relocation issues for 12 displaced shopkeepers.Read more

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SEPC ends dispute with Hindustan Copper, wins new INR 72.5 crore work order

12 Dec 2025

SEPC Ltd has closed its long-pending arbitration dispute with Hindustan Copper Ltd (HCL) after both sides agreed to a full and final financial settlement. The company will receive INR 30.45 crore under the settlement, clearing all outstanding claims and counterclaims between the two organisations. Along with the settlement, SEPC has also been issued a supplementary work order worth INR 72.5 crore for an ongoing vertical shaft sinking project. The development strengthens SEPC's position in mining infrastructure, a sector where it has been expanding steadily in recent years.Read more

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