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

TNRERA Introduces Graded Penalties for Non-Compliant Real Estate Advertisements

06 Jul 2026

The Tamil Nadu Real Estate Regulatory Authority (TNRERA) has introduced graded penalties for misleading and non-compliant real estate advertisements, with fines of up to INR 5 lakh. The new circular mandates developers and promoters to include mandatory project details, including the RERA registration number, in all advertisements. The move aims to improve transparency, ensure compliance with the Real Estate (Regulation and Development) Act, 2016, and help homebuyers access accurate project information before making purchase decisions.Read more

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Uttar Pradesh Launches Digi Rover Campaign for Technology-Based Land Survey and Demarcation

06 Jul 2026

The Uttar Pradesh government has launched the Digi Rover Special Land Measurement Campaign to improve the accuracy of land surveys and boundary demarcation across the state. Using Global Navigation Satellite System (GNSS)-based Digi Rover technology, the initiative aims to reduce land disputes, improve revenue administration and ensure precise property records. The campaign is expected to accelerate land measurement, strengthen transparency in land management and support faster resolution of ownership and boundary-related issues.Read more

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Cabinet approves INR 6,969.67 crore tunnel linking Dwarka Expressway with Nelson Mandela Marg

06 Jul 2026

The Union Cabinet has approved the construction of an 8.1-km, six-lane tunnel connecting the Dwarka Expressway with Nelson Mandela Marg at Vasant Kunj in Delhi at an estimated cost of INR 6,969.67 crore. To be developed by the National Highways Authority of India (NHAI) under the Hybrid Annuity Model (HAM), the project is expected to be completed within five years. The corridor includes a 1.98-km underground section beneath the Southern Ridge Forest, twin-tube tunnels built using tunnel boring machines, an elevated road along Nelson Mandela Marg and additional flyover infrastructure. The project is intended to improve connectivity between West and South Delhi while easing traffic from Gurugram, Dwarka, IGI Airport and surrounding areas.Read more

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Centre Restarts Eviction Proceedings Against Delhi Gymkhana Club

Delhi News Desk

06 Jul 2026

The Central government has revived eviction proceedings against the Delhi Gymkhana Club by issuing a fresh show-cause notice under the Public Premises (Eviction of Unauthorised Occupants) Act. The club has been asked to explain why it should not be evicted from the prime government-owned property by July 7. The latest action follows earlier proceedings that were withdrawn on technical grounds, signalling the government's renewed effort to resolve the long-running dispute over the club's continued occupation of public land in the national capital.Read more

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IBC amendment strips state land authorities of secured creditor status

06 Jul 2026

• The Insolvency and Bankruptcy Code (Amendment) Act, 2026 clarifies that statutory charges created solely by law will no longer qualify as "security interests" under the IBC, changing the treatment of government land authorities during insolvency proceedings.
• As a result, state development authorities such as industrial and urban development bodies will no longer enjoy the status of secured creditors merely because state laws create a statutory charge over land or dues.
• The amendment restores the original waterfall mechanism under Section 53 by placing government dues in their designated priority instead of alongside secured creditors.
• Legal experts believe the change will improve certainty in insolvency resolution, reduce litigation over creditor rankings and provide greater confidence to lenders and investors participating in distressed asset resolutions.
Read more

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Gurugram RERA approves 51 real estate projects worth INR 38,050 crore in first half of 2026

06 Jul 2026

The Real Estate Regulatory Authority (RERA), Gurugram, approved 51 real estate projects with a combined investment of around INR 38,050 crore (approximately USD 4 billion) during the January–June 2026 period. According to data released by the authority, the projects comprise 16,727 units, including 15,403 residential, 1,084 commercial and 240 industrial units. Eleven of the approved developments alone account for investments of around INR 25,000 crore, highlighting the scale of ongoing development in Gurugram. The authority attributed the momentum to sustained developer activity, improved regulatory compliance and continued participation from homebuyers and institutional investors.Read more

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Ahmedabad civic body plans to monetise more than 209 properties to boost revenue

Ahmedabad News Desk

06 Jul 2026

The Ahmedabad Municipal Corporation (AMC) is preparing to monetise more than 209 civic properties as part of a broader strategy to strengthen municipal revenues and fund infrastructure development. The initiative will focus on commercially viable assets, including land parcels and built-up properties, while retaining ownership through long-term lease models wherever feasible. The civic body also plans to identify additional underutilised leasehold properties for future monetisation. Officials expect the programme to generate sustainable non-tax revenue, support capital-intensive urban projects and reduce dependence on conventional municipal income sources.Read more

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Navi Mumbai mayor inspects flood-prone areas as civic body intensifies monsoon response

05 Jul 2026

Navi Mumbai Mayor Sujata Patil inspected several flood-prone locations across the municipal limits following three days of continuous rainfall to review the city's monsoon preparedness and emergency response measures. During the inspection, she assessed waterlogging from Belapur to Digha, reviewed dewatering operations and directed officials to strengthen drainage management. The visit also followed an incident beneath the Nerul LP flyover where two young women sustained electric shocks in a waterlogged area and were admitted to hospital. According to the Navi Mumbai Municipal Corporation (NMMC), both are in stable condition. The civic body recorded 105.46 mm of rainfall across its jurisdiction on July 1 and has deployed emergency personnel and pumping equipment in vulnerable locations.Read more

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NMMC demolishes unauthorised structure in Vashi anti-encroachment drive

05 Jul 2026

The Navi Mumbai Municipal Corporation (NMMC) has demolished an unauthorised structure in the Juhugaon area of Vashi as part of its ongoing drive against illegal constructions. The action was carried out earlier this week after the occupants failed to comply with a notice issued under Section 54 of the Maharashtra Regional and Town Planning (MRTP) Act, 1966. The demolition was undertaken under the supervision of senior civic officials with support from the encroachment department, police personnel, security staff and labourers using specialised equipment. The civic body has reiterated that enforcement against unauthorised developments will continue to be intensified across Navi Mumbai to ensure compliance with planning regulations.Read more

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Navi Mumbai civic body demolishes unauthorised constructions in Belapur

04 Jul 2026

The Navi Mumbai Municipal Corporation (NMMC) has carried out a demolition drive against unauthorised constructions in the Belapur division as part of its ongoing enforcement against illegal developments. The action was undertaken under the directions of Municipal Commissioner Dr Kailas Shinde and supervised by Additional Commissioner (II) Dr Rahul Gethe and Deputy Commissioner Dr Amol Palwe. The demolition targeted two unauthorised structures in Agroli and Karave villages after notices issued under Section 54 of the Maharashtra Regional and Town Planning (MRTP) Act failed to secure voluntary compliance. The operation involved officials from the Belapur ward office, civic staff, police personnel and heavy equipment to remove the illegal constructions.Read more

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