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

BMC proposes third-party audits for Mumbai heritage buildings

29 May 2026

• Brihanmumbai Municipal Corporation has proposed third-party structural audits for heritage buildings across Mumbai.
• The move aims to assess stability and safety of ageing structures ahead of the monsoon season.
• Officials are considering independent technical evaluations to improve transparency in structural assessments.
• Concerns over deterioration, delayed repairs and monsoon-related risks prompted the proposal.
• Mumbai has a large stock of heritage and old cessed buildings across key urban precincts.
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Borivali housing society gets interim relief in dispute over public access road

29 May 2026

• A Borivali East cooperative housing society has secured interim relief from the Bombay High Court in a dispute concerning public access through its premises.
• The court restrained authorities from acting on a civic communication related to parking and access on a proposed Development Plan (DP) road passing through the society land.
• The matter involves concerns around emergency vehicle movement, parking management and the status of the proposed road alignment within the residential complex.
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ED raids residences linked to former Kerala CM Pinarayi Vijayan in CMRL money laundering investigation

29 May 2026

• The Enforcement Directorate conducted searches at multiple locations linked to former Kerala CM Pinarayi Vijayan in the CMRL case.
• Raids covered residences of Vijayan’s family members, senior officials and entities linked to alleged financial transactions.
• The probe relates to alleged payments made by Cochin Minerals and Rutile Ltd to Exalogic Solutions, linked to Vijayan’s daughter.
• Political tensions escalated in Kerala after protests erupted outside locations searched by ED officials.
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BMC explores holding ponds and drain diversion to tackle recurring Andheri subway flooding

29 May 2026

The Brihanmumbai Municipal Corporation is evaluating construction of holding ponds and diversion of stormwater drains as part of a broader plan to reduce chronic flooding at the Andheri subway before future monsoon seasons. According to civic officials and multiple media reports, the proposed intervention could involve temporary storage ponds capable of holding excess rainwater near the subway during heavy rainfall events. Officials stated that nearly three potential sites have been identified for the project, while alternative engineering measures, including diversion of stormwater flow from the Jogeshwari area, are also under consideration. The civic body acknowledged that the flooding issue may persist this monsoon as long-term mitigation works remain under evaluation and planning stages.Read more

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Redevelopment disputes intensify as old pagdi agreements face fresh legal and tenancy conflicts in Mumbai

29 May 2026

• Disputes linked to old pagdi tenancy agreements and redevelopment interests are intensifying across parts of Mumbai amid rising redevelopment activity in ageing residential buildings.
• The issue resurfaced following complaints involving an elderly resident, caretakers, landlords and tenancy-related disagreements in a South Mumbai building operating under the pagdi system.
• Residents and legal experts stated that conflicts involving inheritance rights, redevelopment stakes, access arrangements and caretaker influence are becoming increasingly common in older tenanted properties.
• According to legal observers and multiple reports, courts and authorities are being required to balance property rights, redevelopment interests and welfare concerns of elderly tenants in such disputes.
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ED raids Punjab, Chandigarh locations in GMADA-linked Mohali real estate fraud probe

29 May 2026

The Enforcement Directorate (ED) conducted raids across Punjab and Chandigarh in connection with an alleged real estate fraud and money laundering case linked to the Greater Mohali Area Development Authority (GMADA) and the Suntec City housing project in Mohali. The investigation focuses on alleged forged landowner consent letters, fake signatures and irregular approvals used to secure Change of Land Use (CLU) permissions. Officials are also examining possible diversion of project funds and unpaid dues linked to the development. The case follows earlier ED action, including the arrest of a builder associated with the project, as scrutiny of land approvals and real estate transactions in Punjab continues to increase.Read more

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Centre approves INR 1,880 crore NH-66 expansion project for Cuncolim-Bendordem stretch in Goa

29 May 2026

The Centre has cleared an INR 1,880.11 crore project to widen the Cuncolim-Bendordem stretch of NH-66 in South Goa, strengthening a key highway corridor connecting Goa with Karnataka and Maharashtra. The project includes four-laning works, a 5.78-km elevated corridor, bypasses at Cuncolim and Balli, a six-lane railway overbridge, upgraded junctions and pedestrian infrastructure. The development is aimed at reducing congestion, improving travel time and supporting rising traffic movement across South Goa. The approval also adds to ongoing highway expansion works being undertaken on different sections of NH-66 along India’s western coastal corridor.Read more

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Government approves INR 1,427 crore Thiruvarur bypass project in Tamil Nadu

29 May 2026

The Ministry of Road Transport and Highways has approved a 4-lane Thiruvarur bypass project in Tamil Nadu with an estimated cost of INR 1,427.61 crore. The 14.9 km stretch on NH-83 will also include two Road Over Bridges on NH-129A and NH-134A. The project is expected to improve connectivity between Tiruchirappalli, Coimbatore, Karaikal, and Nagapattinam, while easing traffic congestion in Thiruvarur town. It is also likely to reduce travel time and improve safety by diverting heavy traffic away from populated and commercial zones in the region.Read more

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SBI outlines digital-first growth strategy aligned with India’s Viksit Bharat vision

29 May 2026

State-owned State Bank of India has said the banking sector will play a key role in supporting India’s long-term economic growth, infrastructure expansion, entrepreneurship, and financial inclusion as the country moves towards its Viksit Bharat vision. SBI Chairman C S Setty highlighted the bank’s focus on technology-led banking, artificial intelligence, cybersecurity, and digital infrastructure while continuing to strengthen its physical branch network. The lender also plans to expand digital onboarding, transaction banking, SME-focused services, and wealth management offerings as part of its next phase of transformation.Read more

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Maharashtra waives INR 637 crore stamp duty for New Nagpur Business District and Outer Ring Road projects

29 May 2026

The Maharashtra cabinet has approved a waiver of nearly INR 637 crore in stamp duty and registration charges for land transactions linked to the New Nagpur Business District and New Outer Ring Road projects. The move is aimed at speeding up land acquisition through direct purchases and negotiated settlements with landowners. The New Nagpur Business District, planned over 692 hectares in Hingna taluka, will include an International Business and Finance Centre, while the proposed 148-km Outer Ring Road is expected to improve logistics and regional connectivity around Nagpur through multiple highway links and transport terminals.Read more

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