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

MMRDA’s urban development model gains global attention at WEF-linked Switzerland meet

15 May 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) recently participated in the World Economic Forum-linked Davos Baukultur Alliance Annual Meeting in Bern, Switzerland, highlighting Mumbai’s growing position in global urban development discussions. Representing MMRDA, Metropolitan Commissioner Dr. Sanjay Mukherjee engaged with international policymakers, infrastructure experts and World Economic Forum leadership on future-ready metropolitan planning, sustainable urbanisation and mobility-led growth. The discussions focused on integrated infrastructure, climate resilience, multimodal transport and investment-ready development models. The visit also strengthened MMRDA’s ongoing collaboration with the World Economic Forum and opened further discussions on expanding long-term institutional partnerships beyond 2026.Read more

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World Bank and ADB review Amaravati infrastructure works, discuss next phase funding plans

15 May 2026

Teams from the World Bank and Asian Development Bank reviewed ongoing infrastructure and urban development works in Amaravati during a visit to the capital region. The delegation inspected road projects, smart city systems, labour welfare facilities and environmental safeguard measures being implemented by the Andhra Pradesh Capital Region Development Authority and associated agencies. Discussions also focused on sustainable urban development, employment opportunities for local youth and financing requirements for the next phase of Amaravati’s development. Meetings with banking institutions and advisory teams additionally examined long-term infrastructure funding strategies, PPP opportunities and project execution models for future expansion works.Read more

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CBI files chargesheet against Logix City Developers and bank officials in alleged INR 400 crore homebuyers’ fraud case

15 May 2026

The Central Bureau of Investigation (CBI) has filed a chargesheet against Logix City Developers, several company directors, unknown officials of financial institutions and others in connection with an alleged homebuyers’ fraud case involving around INR 400 crore. The case relates to alleged diversion and misuse of funds collected from homebuyers for a residential project in Noida. According to the investigation agency, the accused allegedly entered into a criminal conspiracy to siphon off project funds and failed to utilise the money for construction and project completion. The case was registered following directions from the Supreme Court in matters linked to delayed housing projects and complaints by affected homebuyers. The CBI has alleged offences related to criminal conspiracy, cheating and criminal misconduct under provisions of the Indian Penal Code and the Prevention of Corruption Act.Read more

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CBI files seventh chargesheet against Sequel Buildcon in builder-banker nexus probe

15 May 2026

The Central Bureau of Investigation has filed its seventh chargesheet in the ongoing builder-banker nexus investigation against Sequel Buildcon Pvt Ltd and its directors linked to the ‘The Belvedere’ project in Noida.
The agency alleged that homebuyers were misled through false assurances while funds collected from buyers and financial institutions were allegedly diverted.
Buyers reportedly neither received possession of flats nor refunds despite long delays in the project.
The case is part of a larger Supreme Court-monitored investigation into stalled NCR housing projects and alleged irregularities involving developers and housing finance institutions.
Read more

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Maharashtra drafts Land Titling Act to introduce property cards with official valuation records

15 May 2026

• The Maharashtra government is drafting a new Land Titling Act that proposes mandatory property cards for all land parcels across the state, including official valuation details.
• Revenue Minister Chandrashekhar Bawankule stated that the proposed legislation is expected to be finalised by July and introduced during the upcoming monsoon session of the state legislature.
• The initiative aims to create a uniform and legally recognised ownership documentation system covering both urban and rural properties across Maharashtra.
• The proposed framework will supplement existing land records such as property cards and 7/12 extracts while also supporting the rollout of vertical property cards for apartment ownership documentation.
• The reform is intended to improve title clarity, reduce disputes, simplify property transactions, and strengthen transparency in the state’s real estate ecosystem.
Read more

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Goa reviews proposals for conversion of over 25,000 sqm of land under Section 39A

15 May 2026

• Goa’s Town and Country Planning (TCP) department has initiated review of fresh land conversion proposals covering more than 25,000 sqm across Bardez, Pernem, Salcete, and Bicholim under Section 39A of the TCP Act.
• The proposed changes involve conversion of land currently classified as natural cover, orchard land, and no-development-slope zones into settlement areas.
• The largest proposal has been submitted by KGL Realtors Pvt Ltd for conversion of 18,733 sqm at Salvador do Mundo in Bardez from natural cover to settlement zone.
• Additional applications linked to IRAP Infra LLP seek conversion of nearly 9,750 sqm in Morjim, Pernem, including portions categorised under orchard and no-development-slope areas.
• The proposals, approved by the TCP board for public review, are open for objections and suggestions for 30 days before further regulatory consideration.
Read more

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Bombay HC rejects tenants’ plea to induct new developer in Ghatkopar redevelopment dispute

15 May 2026

• The Bombay High Court has dismissed an application filed by 52 tenants seeking to add a new developer to an ongoing redevelopment dispute involving Kamla Bhuvan in Ghatkopar West, Mumbai.
• The court also imposed costs of INR 5 lakh on the tenants, observing that the application appeared to be an attempt to pressure landlords through litigation despite the absence of a contractual agreement with the proposed developer.
• The redevelopment matter relates to a dilapidated building on LBS Marg that was demolished in 2018 after being declared unsafe.
• The tenants had argued that prolonged delays in the project and concerns over permanent rehabilitation prompted their request to include the new developer, BS Lifespace, in the proceedings.
• The ruling comes amid broader concerns over delays in Mumbai’s cessed building redevelopment projects, transit housing shortages, and prolonged legal disputes affecting redevelopment execution across the city.
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Karnataka RERA makes landowners and builders equally liable for project delays

14 May 2026

Karnataka RERA has clarified that in joint development real estate projects, both landowners and developers will be held equally responsible for delays and non-compliance. The authority stated that landowners cannot escape liability when they are part of development agreements and benefit from the project. The clarification came after complaints from homebuyers regarding delayed possession and missing promised amenities. The ruling strengthens accountability under the RERA framework and ensures that responsibility for project execution and delivery is shared, improving protection for homebuyers in such developments.Read more

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Cabinet approves INR 4,474 crore railway multitracking projects in West Bengal and Jharkhand

14 May 2026

• The Cabinet has approved two railway multitracking projects in West Bengal and Jharkhand at an estimated cost of INR 4,474 crore.
• The Sainthia–Pakur and Santragachi–Kharagpur fourth-line projects will add around 192 km to the rail network.
• The projects, targeted for completion by 2030-31, aim to improve rail capacity and reduce congestion.
• The corridors will enhance connectivity across five districts and benefit around 1.47 crore people.
• The expansion will support freight movement of coal, cement, steel, foodgrains and petroleum products.
Read more

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MMRDA advances Metro Line 14 DPR process with technical bids under evaluation

Mumbai News Desk

14 May 2026

The Mumbai Metropolitan Region Development Authority has progressed the consultant selection process for Metro Line 14, with technical bids from three firms admitted for evaluation under a tender for preparation and revision of the project’s detailed planning documents. According to tender records dated 13 May, RITES Ltd, SMEC International Pty Ltd and Tata Consulting Engineers Ltd have qualified in the technical stage of the bidding process. The tender covers appointment of expert consultants for peer review of the techno-economic feasibility study, revision of the project report, preparation of DPR estimates, surveys, bid documents and bid process management for Metro Line 14. The project forms part of MMRDA’s broader metro network expansion plans across the Mumbai Metropolitan Region.Read more

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