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

Dharwad’s consumer panel has held developers liable in a long-delayed plot registration dispute.

01 Jul 2026

• The Dharwad District Consumer Disputes Redressal Commission has ruled in favour of a senior citizen whose residential plot remained unregistered despite substantial payment to the developers.
• The commission directed the developers to allot an alternative plot, execute the sale deed within a specified timeframe and compensate the complainant for mental agony and litigation costs.
• The order held that the prolonged delay in registration amounted to a deficiency in service and unfair trade practice by the developers.
• The ruling reinforces consumer protection in real estate transactions by affirming that developers must honour contractual commitments after accepting payments from buyers.
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NGT directs action on alleged illegal groundwater extraction in Noida and Greater Noida

01 Jul 2026

The National Green Tribunal (NGT) has directed the Uttar Pradesh Ground Water Department to examine allegations of illegal groundwater extraction at multiple construction sites in Noida and Greater Noida and initiate action where violations are found. The order, passed in the past week, follows a petition alleging unauthorised dewatering and groundwater abstraction by private builders, industries and individuals across several sectors, including Noida and the Yamuna Expressway region. The tribunal has instructed the department to conduct field verification, determine whether borewells or tube wells are operating without approval, and take remedial as well as punitive action in accordance with law. The exercise is to be completed within three months as concerns over declining groundwater levels continue in the rapidly urbanising region.Read more

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Lucknow Development Authority expands crackdown after Aliganj fire, issues fresh notices to commercial establishments

01 Jul 2026

The Lucknow Development Authority (LDA) has intensified its enforcement drive against commercial establishments allegedly operating in violation of sanctioned building plans following the Aliganj fire that claimed 15 lives earlier this week. During the past week, the authority issued show-cause notices to more than a dozen additional premises, including coaching centres, hotels, restaurants, nursing homes and gymnasiums, across several parts of the city. Property owners have been directed to submit approved building plans and explain the alleged deviations within the stipulated period, failing which legal action may follow. The latest action forms part of a wider citywide inspection campaign targeting unauthorised commercial use of buildings and non-compliance with development regulations in the wake of one of Lucknow's deadliest recent fire incidents.Read more

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UP RERA issues notices to promoters of 76 projects over pending FY25 audit reports

01 Jul 2026

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has issued show-cause notices to promoters of 76 registered real estate projects for failing to upload mandatory annual audit reports for FY2024-25 within the prescribed timeline. The authority has directed the defaulting promoters to submit the pending reports within 15 days along with a late fee of INR 25,000, warning that continued non-compliance could attract penalties of up to 5% of the estimated project cost under the Real Estate (Regulation and Development) Act. UP RERA said annual audit reports are a key mechanism for ensuring financial transparency, regulatory oversight and public disclosure, enabling homebuyers to monitor project compliance and safeguarding the interests of allottees.Read more

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Forest department probes alleged illegal tree felling for Rowghat mine road in Chhattisgarh

01 Jul 2026

The Chhattisgarh Forest Department has initiated an inquiry into the alleged felling of more than 500 trees for the construction of a 1.34-km haul road linked to the Rowghat iron ore mine in Kanker district. Officials claim the road was built without prior approval from the forest department and have issued notices to the Bhilai Steel Plant (BSP), a unit of Steel Authority of India Ltd (SAIL), along with departmental officials. A preliminary inquiry indicates that around 540 trees were cut and portions of a hill were excavated, although a detailed assessment is underway. BSP has denied any violation, maintaining that the road falls within the area covered by forest clearance granted by the Ministry of Environment, Forest and Climate Change in 2009.Read more

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Andhra CM Naidu disburses INR 300 crore for Veligonda project rehabilitation

30 Jun 2026

The Andhra Pradesh government has disbursed INR 300 crore in compensation to over 3,200 families displaced by the Veligonda irrigation project. Chief Minister N. Chandrababu Naidu announced the payment under the state's rehabilitation and resettlement programme, aimed at supporting project-affected households. The compensation will facilitate relocation while enabling progress on the Veligonda irrigation scheme, a major water infrastructure project designed to improve irrigation coverage and drinking water supply in drought-prone regions.Read more

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Jharkhand’s building regularisation drive has seen a slow response despite the launch of its online portal

30 Jun 2026

• Jharkhand's building regularisation portal has received around 4,000 applications since its launch on May 14, significantly lower than the state's estimated number of unauthorised buildings.
• Officials attribute the modest response to procedural hurdles, limited public awareness and delays in obtaining mandatory technical documents required for applications.
• The state government is reviewing implementation challenges and may consider extending the application deadline to encourage greater participation in the regularisation scheme.
• The initiative aims to legalise eligible unauthorised buildings, improve urban planning and strengthen municipal revenue while ensuring compliance with building regulations.
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Maharashtra launches INR 15 crore AI project to map Konkan petroglyphs for UNESCO bid

30 Jun 2026

Maharashtra has launched an INR 15 crore AI-driven initiative to digitally map and study prehistoric petroglyphs across 107 villages in Ratnagiri and Sindhudurg. The four-year project, led by IITM Pravartak, will use drone surveys and advanced imaging to prepare a scientific dossier supporting the state's UNESCO World Heritage nomination. Dating between 20,000 BC and 10,000 BC, the rock carvings span nearly 150 sq km, making them among India's oldest known examples of prehistoric art.Read more

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West Bengal orders safety audit of high-rise projects after fatal Kolkata warehouse collapse

30 Jun 2026

The West Bengal government has launched a comprehensive safety audit of sanctioned high-rise residential and commercial projects in and around Kolkata following the collapse of an under-construction warehouse that claimed 11 lives earlier this week. A committee comprising officials from multiple government agencies, along with experts from RITES and IIT Kharagpur, will scrutinise approved building plans, structural integrity and fire safety compliance before suspended projects are permitted to resume. The exercise will also extend to waterbodies, construction site maintenance and public safety measures. Commercial projects currently under construction will remain suspended until they receive clearance through the audit process, with the government stating that development would continue only after compliance with prescribed safety standards.Read more

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Ansal Hi-Tech Township has been directed to refund a homebuyer after failing to deliver a flat for over a decade

30 Jun 2026

A district consumer commission in Gautam Buddh Nagar has granted relief to a homebuyer who remained without possession of an apartment for more than 12 years after booking it with Ansal Hi-Tech Townships. The commission concluded that the prolonged delay amounted to a failure in service and directed the developer to return the buyer's investment with applicable interest. It also awarded compensation for mental distress and litigation expenses, reinforcing that developers cannot indefinitely retain buyers' money without delivering the promised property.Read more

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