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 proposes new B&B policy with eight-room cap, CCTV mandate and safety compliance norms

01 Jun 2026

• The Delhi government has released a draft Bed and Breakfast Policy, 2026 proposing formal regulation of small-scale homestay accommodation across the capital.
• The draft permits a maximum of eight rooms and 16 beds per property while introducing Gold and Silver categories based on room standards and amenities.
• Mandatory CCTV cameras, police verification, fire safety systems and guest registration norms have been proposed under the framework.
• Only legally constructed residential properties will qualify, while hotels, guest houses, serviced apartments and banquet facilities remain excluded.
• The Tourism Department has invited stakeholder feedback within 30 days before finalising the policy aimed at expanding affordable tourism infrastructure.
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Gandhinagar gets INR 340 crore infrastructure push led by Shri Amit Shah

31 May 2026

• Union Home Minister Amit Shah laid foundation stones and inaugurated development projects worth around INR 340 crore in Gandhinagar, Gujarat.
• The projects cover civic infrastructure, urban amenities, public facilities and local development works across multiple assembly segments in the district.
• The initiative forms part of ongoing infrastructure and urban development efforts aimed at improving public services and connectivity in the region.
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Karnataka High Court orders time-bound enforcement of RERA recovery certificate in developer dues case

31 May 2026

The Karnataka High Court has directed state revenue authorities to execute a Recovery Certificate issued by Karnataka RERA for recovery of dues from developers under the Real Estate (Regulation and Development) Act, 2016. The court observed that once a Recovery Certificate is issued under Section 40 of the Act and relevant Karnataka RERA Rules, authorities are legally required to recover the amount as arrears of land revenue. The ruling also reiterates the responsibility of designated revenue officials to act on pending recovery proceedings and strengthens the enforceability of RERA orders for homebuyers and complainants in Karnataka.Read more

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Supreme Court upholds Navi Mumbai civic body’s authority to levy property tax in TTC MIDC area

31 May 2026

• The Supreme Court has upheld the authority of the Navi Mumbai Municipal Corporation (NMMC) to levy and collect property tax in the TTC MIDC industrial area.
• The ruling resolves a legal dispute pending since 2010 involving a small-scale industries association challenging the civic body’s jurisdiction over the industrial zone.
• The court clarified that ‘tax’ and ‘fee’ are legally distinct, stating that MIDC can levy service-related charges but not municipal taxes.
• The judgement was delivered after examining provisions under the Maharashtra Municipal Corporations Act, MID Act, 1961, and MRTP Act, 1966.
• NMMC Commissioner Dr Kailas Shinde has appealed to industrial units to clear pending property tax dues and contribute towards urban infrastructure development.
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Pune fire incident highlights wider gaps in Maharashtra’s residential fire safety compliance

31 May 2026

• A recent fire incident in a Pune housing society has renewed focus on fire safety preparedness and compliance across residential developments in Maharashtra.
• The Maharashtra Fire Prevention and Life Safety Measures Act, 2006 gives fire authorities extensive powers related to emergency access, firefighting operations and enforcement of safety infrastructure.
• The legislation also mandates administrative and financial mechanisms for maintaining fire brigades, emergency equipment and coordinated response systems across urban areas in the state.
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Gujarat Deputy CM reviews Dholera infrastructure projects during visit to GAP Group’s Akhilam township

31 May 2026

• Harsh Sanghavi visited the Dholera Special Investment Region to review infrastructure preparedness and ongoing development activity within the emerging industrial hub.
• During the visit, the delegation toured GAP Group’s Akhilam township located in Dholera’s Activation Area.
• Officials reviewed studio apartments, co-working spaces and food court facilities being developed as part of the township project aimed at supporting future residential and commercial demand.
• The Deputy CM highlighted the need for quality residential and lifestyle infrastructure amid rising industrial investments and anticipated housing demand in Dholera.
• GAP Group also briefed the delegation on the construction of a large RCC raft foundation being developed for the residential project.
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Navi Mumbai to hold street vendors’ committee elections on June 4; contests scheduled for three seats

31 May 2026

• Navi Mumbai Municipal Corporation will conduct elections for the City Street Vendors Committee on June 4 under Maharashtra’s street vendor election rules.
• Eight members from the street vendor community are to be elected as part of the 20-member committee structure.
• Elections will be held for one reserved women’s seat and two general category seats, while four reserved-category seats have been declared uncontested.
• One Scheduled Tribe seat will remain vacant after no nominations were received for the category.
• Scrutiny of nominations was completed in the past week, with two applications rejected and seven candidates withdrawing from the contest before the final deadline.
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Amaravati flood management works reviewed for timely completion

31 May 2026

APCRDA Additional Commissioner K. Karthik, IAS, reviewed the ongoing flood management works in Amaravati, focusing on Palavagu development areas. The inspection covered multiple locations where drainage and rainwater flow systems are being developed. Officials from APCRDA and ADCL briefed him on the current status and progress of the projects. With the monsoon season approaching, emphasis was placed on completing the works with quality and within the planned timelines. Suggestions were also made to ensure better coordination between departments and faster execution of remaining tasks.Read more

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Navi Mumbai civic body announces 10% water cut amid falling Morbe dam levels

31 May 2026

The Navi Mumbai Municipal Corporation has announced a 10 per cent reduction in water supply across its jurisdiction and parts of the CIDCO node from May 25 due to declining water levels in the Morbe dam reservoir. The civic body said the move was taken as a precautionary step following forecasts of deficient monsoon conditions linked to El Niño and the Indian Ocean Dipole (IOD). Evening water supply will remain suspended twice a week in different nodes including Belapur, Nerul, Vashi, Ghansoli and Airoli. Authorities stated that there is currently no immediate shortage, but conservation measures are necessary to manage supplies for this year and the next.Read more

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Aga Khan Agency for Habitat India signs an MoU with MahaIT in the presence of Chief Minister Shri. Devendra Fadnavis

31 May 2026

The Aga Khan Agency for Habitat India (AKAH India) has signed a memorandum of understanding with Maharashtra Information Technology Corporation Limited (MahaIT) to support climate resilience and habitat improvement across vulnerable regions in the state. Signed in the presence of Maharashtra Chief Minister Devendra Fadnavis, the partnership will focus on heat mitigation, drought resilience, flood preparedness, water security and climate-responsive urban planning. The collaboration is expected to combine technology-driven governance with on-ground habitat interventions, while also exploring pilot projects, smart solutions, research initiatives and policy frameworks aimed at improving living conditions in climate-sensitive communities.Read more

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