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

Mumbai Coastal Road tunnel temporarily shut following vehicle fire

16 Jul 2026

• A car caught fire inside the northbound tunnel of Mumbai's Coastal Road, prompting authorities to temporarily close the tunnel and divert traffic.
• The occupants of the vehicle escaped safely, and no injuries or casualties were reported.
• Firefighters responded quickly and brought the blaze under control before it spread to other vehicles or tunnel infrastructure.
• The incident caused traffic congestion along nearby stretches before normal movement was restored after emergency operations were completed.
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Only 11 of 136 high-rise project sites cleared after Kolkata construction safety audit

16 Jul 2026

A government-appointed audit committee has permitted construction to resume at only 11 of 136 high-rise project sites surveyed across Kolkata and adjoining urban areas following a comprehensive safety review. The inspections were ordered after the Taratala warehouse collapse, which prompted the West Bengal government to temporarily suspend work on major construction projects. The audit examined structural stability, approved building plans, construction quality, geotechnical conditions and regulatory compliance. Projects that failed to meet the prescribed standards must rectify deficiencies before receiving permission to restart work, reflecting the state's renewed emphasis on construction safety and regulatory oversight.Read more

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Antony Waste announces INR 25 lakh compensation for each family after Pune landfill tragedy

Pune News Desk

16 Jul 2026

Antony Waste Handling Cell has announced financial assistance of INR 25 lakh for each family that lost a member in the landfill collapse at its Moshi waste processing facility near Pune. The incident, triggered by heavy rainfall, claimed nine lives and prompted investigations into safety and operational practices. The company has pledged full cooperation with authorities and support for the affected families. The tragedy has renewed concerns over landfill safety, disaster preparedness and waste management infrastructure during the monsoon.Read more

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Supreme Court freezes Parsvnath Developers' bank accounts over non-compliance in homebuyer dispute

16 Jul 2026

The Supreme Court has ordered the immediate freezing of the bank accounts of Parsvnath Developers Ltd, Parsvnath Hessa Developers Pvt Ltd and their directors while issuing bailable warrants against the company's leadership in a long-running homebuyer dispute linked to the Parsvnath Exotica project in Gurugram. The court acted after observing prolonged non-compliance with orders issued by the Haryana Real Estate Regulatory Authority (HRERA) and raised concerns over the effectiveness of the Real Estate (Regulation and Development) Act, 2016, in securing relief for homebuyers. The matter involves senior citizens who booked flats nearly two decades ago but are yet to receive possession despite paying the full consideration. The apex court also criticised Haryana authorities for failing to enforce regulatory orders and directed state officials and banks to ensure immediate compliance with its directions.Read more

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Karnataka RERA imposes INR 1.5 crore penalty on builders over disclosure violations

16 Jul 2026

• The Karnataka Real Estate Regulatory Authority (K-RERA) has imposed penalties totalling INR 1.5 crore on more than 70 real estate developers for failing to comply with mandatory disclosure requirements under the Real Estate (Regulation and Development) Act (RERA).
• The action follows developers' failure to upload quarterly progress reports (QPRs) and annual audit reports, which are mandatory for keeping homebuyers informed about project status, financial progress and regulatory compliance.
• K-RERA has recovered the penalty amount as part of a broader enforcement drive to improve transparency, strengthen compliance and ensure that developers regularly update project information on the regulator's portal.
• The regulator has indicated that it will continue strict monitoring of project disclosures and initiate action against promoters who fail to meet reporting obligations under the RERA framework.
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NGT directs Ghaziabad administration to stop illegal construction in Sai Upvan city forest

16 Jul 2026

The National Green Tribunal (NGT) has directed the Ghaziabad District Magistrate to ensure that no illegal construction takes place in Sai Upvan, the city's 200-acre urban forest, while hearing a case on its deteriorating environmental condition. The tribunal issued an interim order after allegations of unauthorised construction and ecological degradation were raised. Authorities have been instructed to maintain the status quo until the next hearing, reinforcing judicial scrutiny over urban green spaces and environmental conservation.Read more

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Haryana RERA orders Godrej to hand over delayed flats, compensate homebuyers with interest

16 Jul 2026

The Haryana Real Estate Regulatory Authority (HRERA) has directed Godrej Properties to hand over delayed apartments to homebuyers and pay interest for the period of delay. The order follows complaints from allottees who alleged prolonged delays in possession despite fulfilling their payment obligations. HRERA ruled that buyers who continue with the project are entitled to compensation under the Real Estate (Regulation and Development) Act, reinforcing developers' accountability for timely project delivery and strengthening consumer protection in Haryana's housing market.Read more

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UP RERA issues guidelines for refund of excess GST collected from homebuyers

16 Jul 2026

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has issued fresh guidelines enabling homebuyers to claim refunds of excess Goods and Services Tax (GST) collected by developers and has directed all registered promoters to levy GST strictly at the rates notified by the Central government. The authority said instances had come to light where homebuyers were charged GST above the prescribed rates despite earlier instructions. In coordination with the State Tax Department, UP RERA has outlined the refund process for cases involving cancelled projects, terminated agreements or revoked allotments where the statutory period for developers to issue credit notes has expired. The regulator has also instructed promoters to refund excess GST wherever applicable and ensure full compliance with the notified tax rates.Read more

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Odisha approves Bridge-Cum-Weir scheme with INR 600 crore outlay to strengthen rural water conservation

16 Jul 2026

• The Odisha government has notified guidelines for a new Bridge-Cum-Weir Scheme with an estimated outlay of INR 600 crore over five years.
• The programme aims to utilise existing rural bridges as water retention structures to improve groundwater recharge, irrigation and water availability across the state.
• A total of 670 projects, including 162 spillover works and 508 new projects, have been planned between FY 2026-27 and FY 2030-31.
• The scheme is expected to support sustainable water management while enhancing agricultural productivity, environmental conservation and rural livelihoods.
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MMOPL restructures debt with NARCL, reducing liabilities by over INR 1,100 crore

Mumbai News Desk

16 Jul 2026

• Mumbai Metro One Private Limited (MMOPL), a subsidiary of Reliance Infrastructure Ltd, has entered into a debt restructuring agreement with the National Asset Reconstruction Company Limited (NARCL), a government-owned entity.
• The restructuring will reduce MMOPL's outstanding debt by more than INR 1,100 crore and lead to the withdrawal of insolvency proceedings initiated against the company.
• MMOPL operates the Versova–Andheri–Ghatkopar Metro Line-1, one of Mumbai's busiest metro corridors, serving over five lakh commuters daily.
• The agreement covers financial obligations of INR 2,771.32 crore and includes a monitoring mechanism to oversee implementation of the restructuring plan.
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