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 demolishes 217 properties and seals 237 in intensified drive against illegal constructions

18 Jun 2026

The Municipal Corporation of Delhi (MCD) has intensified enforcement action against unauthorised constructions across the capital, demolishing 217 properties and sealing 237 establishments since the beginning of June. The crackdown follows the fatal Malviya Nagar hotel fire that triggered heightened scrutiny of building safety, land-use violations and unauthorised development. During the same period, authorities issued 330 show-cause notices for illegal construction, 151 sealing notices and 91 demolition orders. Parallel inspections conducted by the Revenue Department covered 773 properties across Delhi between June 5 and June 15. The drive spans residential, commercial and mixed-use properties, with authorities examining compliance with building regulations, fire safety requirements and land-use norms. Officials have indicated that enforcement measures will continue across all districts as part of a wider effort to curb unauthorised construction and improve public safety.Read more

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ED searches 17 premises in Yes Bank-linked insolvency and loan assignment probe

18 Jun 2026

The Enforcement Directorate (ED) has conducted searches at 17 locations across Mumbai, Khandala and New Delhi as part of a money laundering investigation linked to alleged irregularities in a corporate insolvency resolution process involving loans originally sanctioned by Yes Bank. The action covered premises associated with Suraksha Asset Reconstruction Company Ltd (SARCL), Suraksha Realty Ltd, Khyati Realtors Pvt Ltd, their promoters, directors, employees and a former Yes Bank employee. Investigators are examining the assignment of loans granted during FY2016-17 and FY2017-18, including facilities extended to Mackstar Marketing Pvt Ltd. The probe focuses on allegations of collusion in the acquisition of stressed assets, undervaluation of assets, questionable creditor claims and voting practices during insolvency proceedings, alongside concerns regarding transparency in the resolution process.Read more

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Fire near Bandra Metro Line 2B site triggers safety probe as construction activity resumes

Mumbai News Desk

18 Jun 2026

A fire broke out at the under-construction Mumbai Metro Line 2B site near Bandra Reclamation flyover, prompting the Mumbai Metropolitan Region Development Authority (MMRDA) to initiate a safety probe into the incident. Officials confirmed that no structural damage was reported to the metro viaduct and no injuries occurred, although the blaze led to temporary disruption in the area. The incident occurred near a key elevated section of the Metro 2B corridor connecting Bandra East and West, where construction activity is ongoing as part of Mumbai’s expanding metro network.Read more

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Jammu Police cracks down on landlords over tenant verification failure, FIRs registered in major enforcement drive

18 Jun 2026

Jammu and Kashmir Police have intensified action against property owners who failed to comply with mandatory tenant verification rules in Jammu. In a recent enforcement drive, several landlords were booked and FIRs were registered for not submitting tenant details or completing police verification before renting out their properties. The crackdown was carried out under district-level security directions aimed at improving monitoring of tenants, domestic helpers, and paying guests. Authorities stated that non-compliance weakens security systems and have urged all property owners to strictly follow verification procedures to avoid legal consequences.Read more

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Supreme Court action on subvention plans puts homebuyers’ protection framework under spotlight

18 Jun 2026

• The Supreme Court has agreed to examine a plea seeking stronger protection for homebuyers under subvention-based housing schemes.
• The petition argues that financial liability should be shared between developers and lenders in case of project delays or non-delivery of flats.
• It seeks a structured mechanism to protect buyers from loan repayment burdens when possession is not given.
• The plea also demands clearer regulatory controls on fund disbursal linked to construction progress.
• Notices have been issued to the Centre and other stakeholders for their responses.
Read more

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ED tightens grip on Raheja Developers, attaches assets worth INR 503 crore in major fraud probe

18 Jun 2026

The Enforcement Directorate has attached assets worth around INR 503 crore in its ongoing money-laundering investigation against Raheja Developers. The action is linked to allegations of fraud involving homebuyers and suspected diversion of funds collected from multiple housing projects. Earlier attachments in the same case had already taken the total value of seized properties beyond INR 1,100 crore. With the latest move, the cumulative value of attached assets in the case has risen to nearly INR 1,617 crore, involving the company, its promoter Navin M Raheja, and associated family members.Read more

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Delhi High Court blocks demolition in Race Course slum case till July 1

18 Jun 2026

• The Delhi High Court has restrained authorities from carrying out demolition in the Race Course slum cluster until July 1, 2026.
• The order offers temporary relief to residents who have not accepted rehabilitation or alternative housing.
• The court clarified that those who have already taken relocation benefits cannot claim the original jhuggi sites again.
• The case is linked to ongoing disputes over eviction, rehabilitation eligibility, and in-situ resettlement near a high-security zone.
• The matter continues to be under judicial review with broader policy implications on urban clearance drives.
Read more

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LDA opens registrations for over 3,100 plots under Varun Vihar and Naimish Nagar schemes

18 Jun 2026

The Lucknow Development Authority (LDA) has opened online registrations for more than 3,100 residential plots under its upcoming Varun Vihar and Naimish Nagar housing schemes in Lucknow. The launch marks a significant step in the authority's urban expansion programme, with around 2,100 plots being offered in the first phase of Varun Vihar and over 1,000 plots under Naimish Nagar. The schemes form part of LDA's larger plan to create new residential townships supported by modern infrastructure, green spaces and mixed-use development across key growth corridors of the city.Read more

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Karnataka issues final land acquisition notice for Bidadi township project amid farmer protests

18 Jun 2026

The Karnataka government issued a final notification on 13 June 2026 for the acquisition of 516 acres of agricultural land in Bidadi, Ramanagara district, for the proposed Greater Bengaluru Integrated Township — envisioned as India's first AI-powered city and estimated at INR 18,133 crore. The move, pushed through despite sustained opposition from farming communities in Byramangala and Kanchugaranahalli panchayats, has drawn sharp political condemnation from Union Minister and JD(S) president H.D. Kumaraswamy, who announced a legal challenge and called on Chief Minister D.K. Shivakumar to visit the affected villages personally.Read more

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Telangana HC cracks down on illegal constructions, signals heavy costs for judicial relief

18 Jun 2026

• The Telangana High Court has cautioned against unauthorized constructions being brought before courts for protection after violations occur.
• The court indicated that petitioners seeking relief in such cases could face substantial monetary penalties.
• The observations reinforce the importance of complying with building regulations rather than relying on post-construction legal remedies.
• The stance is expected to strengthen urban planning enforcement and discourage illegal development activities.
Read more

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