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

Ahmedabad introduces congestion penalty framework for developers undertaking road excavation works

Ahmedabad News Desk

10 Jun 2026

The Ahmedabad Municipal Corporation (AMC) has introduced a new policy requiring developers and utility agencies to bear the cost of traffic congestion caused by road excavation and construction activities. The framework links penalties to the extent of disruption created on public roads and is aimed at improving traffic management, reducing prolonged road occupation and ensuring faster restoration of excavated stretches. Civic officials have stated that the measure forms part of a broader effort to improve urban mobility and strengthen accountability among agencies carrying out infrastructure and development works across the city.Read more

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Karnataka High Court upholds land acquisition for Banashankari VI Stage township project

Bangalore News Desk

10 Jun 2026

The Karnataka High Court has upheld the acquisition of land for the Banashankari VI Stage layout project in Bengaluru, providing a significant boost to one of the city's major residential development schemes. The court dismissed petitions challenging the acquisition process and reaffirmed the legality of the land acquisition undertaken for the Bengaluru Development Authority (BDA) project. The ruling is expected to facilitate the continuation of infrastructure and housing development works within the proposed layout, which has been planned to accommodate the city's growing urban expansion requirements.Read more

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Delhi High Court adds JK Paper to legal dispute over INR 250 crore Prithviraj Road bungalow

Delhi News Desk

10 Jun 2026

The Delhi High Court has brought JK Paper into an ongoing legal dispute over a high-value bungalow on Prithviraj Road in Lutyens’ Delhi, a property acquired by the company for INR 250 crore in 2021. The case relates to claims made by Punit Beriwala, Managing Director of Vipul Ltd, who has alleged that he secured rights in the property through financial arrangements with the original owners nearly two decades ago. With the current owner now formally included in the proceedings, the court will examine competing ownership claims surrounding one of Delhi’s most expensive residential properties.Read more

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After multiple failed attempts, Chandigarh MC rewrites C&D waste tender to draw private bidders

10 Jun 2026

The Chandigarh Municipal Corporation (MC) has revised the conditions of its construction and demolition (C&D) waste management tender after repeated bidding rounds failed to attract adequate private sector participation. The civic body has eased eligibility norms and modified key tender clauses to improve the project's financial viability and encourage greater competition. The move is aimed at ensuring the smooth operation of the city's C&D waste processing facility, which plays an important role in managing construction debris, promoting recycling and reducing illegal dumping. The revised tender is expected to generate stronger interest from potential operators.Read more

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Fire safety concerns rise in Noida as RWAs demand audit of hotels, PGs and high-rise buildings

Noida News Desk

09 Jun 2026

The Federation of Noida Residents Welfare Associations (FONRWA) has called for a comprehensive fire safety audit of hotels, paying guest accommodations (PGs), high-rise residential towers and commercial buildings across Noida. The demand comes amid growing concerns over fire preparedness and compliance with safety norms in densely populated developments. The federation has urged authorities to inspect fire-fighting systems, emergency exits and evacuation mechanisms, while ensuring strict action against violations. Resident groups believe regular audits and stronger monitoring are essential to improving safety standards and reducing risks in the rapidly expanding urban landscape.Read more

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Chandigarh pushes fast-track digitisation of village land records, over 13,000 properties mapped

09 Jun 2026

• Chandigarh Municipal Corporation has accelerated the digitisation of land and ownership records in five villages under the NAKSHA pilot project.
• Officials have been directed to complete pending work within the stipulated timeline after a review of the project's progress.
• Villages covered under the initiative include Sarangpur, Attawa, Burail, Kajheri and Palsora, where field verification work has largely been completed.
• More than 13,000 properties have been mapped and verified as part of Chandigarh's broader GIS-based land records programme.
• The project is expected to improve transparency, reduce land ownership disputes and strengthen urban and village planning through accurate digital records.
Read more

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Big Relief for Ulhasnagar Residents as Maharashtra Moves to Regularise Pre-2011 Properties

09 Jun 2026

• The Maharashtra government has taken a major step towards regularising unauthorised properties in Ulhasnagar that existed before January 1, 2011.
• A high-level meeting at Mantralaya reviewed pending issues and proposed measures to simplify the ownership regularisation process.
• The government is considering reducing regularisation charges from 10% to 5% of the Ready Reckoner value and removing the requirement for a D Certificate.
• A dedicated task force will be set up to speed up approvals and issue ownership documents to eligible property holders.
• The move is expected to benefit lakhs of residents by providing legal ownership rights and enabling redevelopment of old and dilapidated buildings.
Read more

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BMC orders probe into alleged misuse of athletes’ rooms at Andheri sports complex

09 Jun 2026

• The BMC has ordered an inquiry into the alleged misuse of 56 rooms meant for athletes at the Shahaji Raje Sports Complex in Andheri West, Mumbai.
• The probe follows allegations that the rooms were leased through an organisation and later sub-leased to a private hospitality operator.
• The controversy has renewed scrutiny of agreements linked to the sports complex’s management.
• Civic authorities will also examine complaints regarding user charges and the operation of facilities within the complex.
Read more

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INR 100 crore real estate scam: UP EOW arrests Karmabhoomi director, five accused still on the run

09 Jun 2026

• Uttar Pradesh's Economic Offences Wing (EOW) has arrested a director of Karmabhoomi Real Estate Company Limited in connection with an alleged INR 100 crore real estate investment scam.
• The company allegedly collected funds from hundreds of investors across multiple districts by promising high returns through real estate-linked schemes.
• Investigators have identified six directors associated with the company, while five accused are still absconding.
• The probe is focused on tracing investor funds, examining financial records and identifying the full extent of the alleged fraud.
• Authorities believe the case affected a large number of small investors and further arrests may follow as the investigation progresses.
Read more

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Ghaziabad to crack down on 258 illegal colonies along Hindon River over sewage pollution concerns

09 Jun 2026

• Ghaziabad administration is preparing a large-scale eviction and demolition drive against 258 illegal colonies located along the Hindon River.
• The action follows submissions made before the National Green Tribunal (NGT), which highlighted that these unauthorised colonies were discharging untreated sewage into the river.
• District authorities have directed multiple departments to identify encroachments, verify land records and initiate enforcement measures.
• The drive is aimed at protecting the Hindon River, preventing further encroachment on floodplain areas and improving environmental compliance.
• Officials expect the exercise to strengthen urban planning controls and curb the growth of unauthorised developments in the district.
Read more

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