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

Chennai CMDA empowered to directly clear high-rise projects as Tamil Nadu streamlines planning approvals

Chennai News Desk

19 Jun 2026

• The Tamil Nadu government has authorised the Chennai Metropolitan Development Authority (CMDA) to independently approve high-rise building proposals in Chennai.
• The decision follows administrative directions to simplify and speed up the planning permission process for multi-storey developments.
• Previously, such approvals required multiple layers of clearance, including from state-level planning bodies, leading to procedural delays.
• The reform is aimed at improving efficiency in urban development governance and enabling faster decision-making for high-rise construction activity in the Chennai metropolitan region.
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Bombay HC pulls up BMC over 16-year delay in removing Powai encroachments

19 Jun 2026

• The Bombay High Court has expressed strong displeasure over the BMC's prolonged failure to remove encroachments in Powai.
• The court issued a notice to the municipal commissioner while questioning the civic body's handling of the matter.
• Judges criticised the reasons cited by officials for the delay, describing them as inadequate.
• The case highlights growing judicial scrutiny of delays in addressing illegal constructions and encroachments across Mumbai.
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Bombay High Court revokes 2009 probate grant over Colaba flat, orders fresh hearing after son's claim suppressed

19 Jun 2026

The Bombay High Court on 8 June 2026 revoked a probate granted in 2009 in respect of a residential flat at Bueno Vista, Windy Hall Lane, Colaba, Mumbai, after finding that the existence of a surviving heir had not been disclosed during the original proceedings. Arnold Samson, a Sweden-based son of the deceased Rosalind Samson who passed away in February 2008, successfully established a prima facie case before Justice N.J. Jamadar that he had been denied an opportunity to contest the original probate petition, prompting the court to restore the matter for a fresh determination.Read more

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BMC halts water supply to construction sites and swimming pools amid falling reservoir levels

Mumbai News Desk

19 Jun 2026

The Brihanmumbai Municipal Corporation (BMC) has suspended water supply to construction sites and swimming pools across Mumbai as reservoir stocks continue to decline. The decision is part of emergency water management measures aimed at prioritising domestic consumption amid mounting supply stress. The restriction applies to new and ongoing construction activity as well as private and public swimming facilities. The move comes as authorities intensify monitoring of water usage across the city and step up enforcement against non-essential consumption. Officials have also indicated stricter checks on misuse of potable water as demand pressures persist.Read more

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Delhi unveils slum rehabilitation policy targeting housing for four lakh families

19 Jun 2026

The Delhi government has approved a new slum rehabilitation policy aimed at providing permanent housing to nearly four lakh families living across approximately 675 slum clusters in the national capital. The policy seeks to accelerate in-situ redevelopment through public-private partnerships, allowing eligible residents to receive formal housing at or near their existing locations wherever feasible. The framework is designed to address longstanding challenges associated with fragmented land ownership, funding constraints and project viability. Authorities expect the initiative to improve living conditions for a substantial section of Delhi’s urban population while facilitating the redevelopment of underutilised land parcels. The policy also draws upon ongoing discussions around large-scale redevelopment models and forms part of broader efforts to strengthen urban housing infrastructure and rehabilitation mechanisms in the city.Read more

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Pune builder booked for alleged INR 50 crore fraud involving over 150 flat and shop buyers

Pune News Desk

19 Jun 2026

• Pune Police have registered a case against a city-based builder over allegations of cheating more than 150 flat and shop buyers.
• Complainants claim the project remained incomplete despite substantial payments made over several years.
• The alleged fraud amount is estimated at nearly INR 50 crore, raising concerns over homebuyer protection and project delays.
• Buyers have accused the developer of failing to deliver possession while continuing to make assurances regarding project completion.
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Thane Burial Ground Dispute Returns to Court as Encroachment and Contempt Allegations Intensify

19 Jun 2026

• The Bombay High Court is hearing fresh proceedings related to land reserved for burial grounds in Thane, following allegations of encroachment and non-compliance with earlier judicial directions.
• Petitioners have claimed that portions of land earmarked for Christian burial grounds continue to face unauthorised occupation despite previous court orders protecting the reservation.
• A contempt plea has also been filed against civic authorities, alleging failure to implement directions concerning the disputed land.
• The case has renewed focus on the protection of reserved public utility lands and the responsibilities of local authorities in enforcing planning regulations.
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Dharavi redevelopment adopts digital twin technology for resident eligibility verification

Mumbai News Desk

19 Jun 2026

The Dharavi Redevelopment Project (DRP) has introduced digital twin technology to support resident verification and eligibility assessments under the Mumbai redevelopment programme. The system creates a virtual model of Dharavi’s built environment, enabling authorities to map structures, verify occupancy records and cross-check resident information more accurately. Officials said the technology is intended to improve transparency, reduce discrepancies and streamline the rehabilitation process. The initiative forms part of ongoing surveys and eligibility verification exercises across Dharavi.Read more

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Mumbai’s water reserves drop to 10% BMC reviews tougher curbs amid supply concerns

Mumbai News Desk

19 Jun 2026

Mumbai’s water reserves have fallen to 10.7% of total storage capacity, prompting the Brihanmumbai Municipal Corporation (BMC) to review whether stricter water conservation measures are needed. The assessment comes after a 10% water supply cut was imposed across Mumbai and neighbouring areas due to declining reservoir levels. With the city dependent on seven lakes for drinking water, officials are evaluating current stocks, consumption trends and contingency measures to ensure adequate supply until monsoon inflows improve reservoir levels.Read more

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Mumbai cuts water supply to construction sites as reservoir levels fall amid rainfall deficit

18 Jun 2026

Mumbai has imposed fresh water conservation measures after reservoir storage levels dropped to 10.35% of total capacity following the city's driest June in more than a decade. The Brihanmumbai Municipal Corporation (BMC) has temporarily disconnected water supply to construction sites and suspended new water connections for such projects from June 17. Water supply to industrial and commercial establishments, as well as sports clubs, has also been reduced by 20%, adding to an earlier 10% cut implemented in May. The restrictions come as Maharashtra recorded rainfall approximately 75% below normal during the first half of June. With the city's seven reservoirs holding enough water for only around 40 days, concerns have emerged over long-term water security and the impact of delayed monsoon rains on urban infrastructure and development activity.Read more

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