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

Delhi Pollution Control Committee to launch AI-powered Dust Portal 2.0 for monitoring construction-related pollution

03 Jun 2026

• The Delhi Pollution Control Committee (DPCC) is preparing to roll out Dust Portal 2.0, an upgraded digital platform that will use artificial intelligence to monitor dust mitigation compliance at construction and demolition sites across the capital.
• The system will integrate AI-based analytics, geotagged inspections and real-time monitoring tools to strengthen enforcement of dust control regulations.
• Construction projects exceeding 500 square metres will continue to be required to register on the portal and submit compliance-related information.
• Authorities aim to improve tracking of pollution violations, automate scrutiny processes and enhance accountability among developers and contractors.
• The initiative forms part of Delhi’s broader strategy to address particulate pollution generated by large-scale construction activity and urban infrastructure development.
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Chandigarh administration proposes allowing fragmentation of industrial plots measuring four kanal and above

03 Jun 2026

• The Chandigarh administration has proposed permitting fragmentation of industrial plots measuring four kanal or more in Industrial Area Phase I and Phase II as part of amendments to the Chandigarh Master Plan (CMP)-2031.
• The move forms part of the administration’s ongoing Deregulation-II exercise aimed at improving industrial land utilisation and supporting business activity.
• Larger industrial plots could be subdivided into smaller units, subject to revised planning approvals, zoning compliance and conditions under a separate fragmentation policy.
• The proposal is expected to improve access to industrial space for MSMEs, startups and service-sector businesses that often find larger plots financially inaccessible.
• The administration is also considering broader industrial reforms, including mixed land use, higher development flexibility and ease-of-doing-business measures.
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Chennai introduces 27-day approval timeline for building permits to reduce delays and digitise clearance process

03 Jun 2026

• The Greater Chennai Corporation (GCC) has introduced a fixed timeline of 27 days for processing and issuing planning permissions and building permits.
• The new framework mandates end-to-end online processing, including document scrutiny, inspections, fee payments and grievance redressal.
• Applications with complete and compliant documentation can receive approvals within 18 days, while building permits linked to CMDA-approved projects must be issued within seven days.
• Officials have been directed to follow a first-in, first-out system and adhere to stage-wise deadlines to improve transparency and accountability.
• The move aims to address long-standing concerns over approval delays and strengthen time-bound service delivery in Chennai’s real estate and construction sectors.
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Himachal Pradesh High Court seeks detailed records and accountability review in Chester Hills housing project case

02 Jun 2026

• The Himachal Pradesh High Court has intensified scrutiny of alleged irregularities linked to the Chester Hills housing project in Solan district and directed authorities to place detailed records before the court.
• The court is examining issues related to project approvals, land-use permissions, construction activities and compliance with planning regulations.
• State authorities, including town planning and local administration departments, have been asked to submit status reports and relevant documents connected with the development.
• The proceedings form part of an ongoing judicial review into alleged violations and administrative lapses associated with the residential project.
• The court has also sought clarity on the role of officials involved in granting permissions and monitoring compliance during the project’s execution.
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Telangana High Court restrains HYDRAA from carrying out demolitions in Kokapet without following legal procedure

02 Jun 2026

• The Telangana High Court has directed the Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) not to undertake demolition activities in Kokapet without adhering to due legal process.
• The order came in response to petitions filed by property owners who challenged demolition notices and alleged procedural lapses by the agency.
• Petitioners argued that structures were targeted without adequate opportunity to present ownership records, approvals and supporting documents.
• The court emphasised that any enforcement action involving demolition must comply with statutory requirements, including issuance of notices and granting hearings to affected parties.
• The case forms part of a growing series of legal disputes linked to HYDRAA’s enforcement drives against alleged encroachments and unauthorised developments in the Hyderabad metropolitan region.
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Tamil Nadu government to continue free bus pass scheme for students in 2026-27 academic year

02 Jun 2026

• The Tamil Nadu government has confirmed the continuation of its free bus pass scheme for school and college students for the 2026-27 academic year.
• Free travel passes will be issued through educational institutions as schools and colleges across the state begin reopening from June 4.
• Students will be allowed to travel without payment during the interim period while passes are being processed and distributed.
• Government college students can continue to access free bus services by producing institution-issued identity cards.
• The transport department has deployed monitoring teams and issued operational instru
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Supreme Court upholds NMMC’s authority to levy property tax in Thane-Belapur industrial corridor

02 Jun 2026

• The Supreme Court has ruled that the Navi Mumbai Municipal Corporation (NMMC) is the competent authority to levy and collect property tax in the Thane Trans Creek (TTC)-MIDC industrial area.
• The judgment brings an end to a legal dispute that has been ongoing for more than two decades between industrial associations and civic authorities over taxation powers in the corridor.
• The ruling clarifies the distinction between municipal taxes and service charges collected by the Maharashtra Industrial Development Corporation (MIDC), while also addressing the applicability of tax exemptions in the industrial belt.
• The decision is expected to pave the way for recovery of substantial pending property tax dues from industrial units operating in the region.
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BMC demolishes 150 structures in Mulund for GMLR project as residents allege rehabilitation survey lapses

Mumbai News Desk

02 Jun 2026

The Brihanmumbai Municipal Corporation (BMC) demolished around 150 residential and commercial structures in Mulund’s Amar Nagar and Khindipada areas to clear land for the Goregaon-Mulund Link Road (GMLR) project. Civic authorities said the action followed a rehabilitation survey conducted in 2022, under which eligible residents were allotted rehabilitation flats in Kanjurmarg. Several affected residents, however, alleged errors in the eligibility survey and claimed they were excluded from rehabilitation benefits despite residing in the area for years.Read more

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Enforcement Directorate arrests Bhasin Infotech promoter in alleged homebuyer fund diversion and money laundering case

02 Jun 2026

• The Enforcement Directorate (ED) has arrested Satinder Singh Bhasin, promoter and director of Noida-based Bhasin Infotech and Infrastructure Pvt Ltd (BIIPL), in a money laundering investigation linked to alleged fraud involving homebuyers and investors.
• Bhasin, who is also associated with the Grand Venice Mall project in Greater Noida, was taken into custody and remanded to ED custody until June 6 by a special PMLA court in Ghaziabad.
• The case stems from multiple FIRs registered by Uttar Pradesh Police in 2015 alleging that funds collected from investors for commercial real estate units were not utilised for the promised developments.
• Investigators have alleged that money raised from the public was diverted through associated entities and group companies instead of being deployed for project construction and delivery.
• The arrest follows directions issued by the Supreme Court after the agency alleged that the promoter had not been cooperating with the investigation.
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MHADA identifies 82 dangerous buildings in Mumbai ahead of monsoon, issues evacuation and safety notices

Mumbai News Desk

02 Jun 2026

• The Maharashtra Housing and Area Development Authority (MHADA) has identified 82 buildings across Mumbai as highly dangerous ahead of the monsoon season and has initiated precautionary measures for resident safety.
• The structures have been categorised under the ‘C-1’ classification, indicating that they are unsafe for habitation and require evacuation or demolition.
• Notices have been issued to residents and occupants, while coordination has been initiated with civic authorities, police and disaster management agencies.
• The exercise forms part of Mumbai’s annual pre-monsoon structural safety review aimed at reducing risks associated with ageing and dilapidated buildings.
• Authorities have urged occupants to vacate unsafe premises as heavy rainfall conditions are expected to increase structural vulnerability during the monsoon months.
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