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

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

cover photo

IBBI panel proposes project-centric insolvency framework for real estate sector

29 May 2026

The Insolvency and Bankruptcy Board of India (IBBI) has received a report from its committee formed to frame sector-specific insolvency guidelines for the real estate sector following directions issued by the Supreme Court in September 2025. The committee examined challenges linked to stalled housing projects, homebuyer protection and delays in insolvency resolution processes, recommending a shift towards a project-centric and completion-driven framework. According to the report, the panel reviewed 55 major issues and proposed 155 recommendations aimed at improving coordination between insolvency proceedings and the Real Estate (Regulation and Development) Act, 2016, while strengthening safeguards for homebuyers and project completion timelines.Read more

cover photo

Prayagraj Municipal Corporation to launch OTS scheme with a major house tax relief for property owners

28 May 2026

• Prayagraj Municipal Corporation (PMC) is preparing to introduce a One-Time Settlement (OTS) scheme for pending house tax dues in June.
• More than 90,000 residential and commercial property owners are expected to benefit from relief on accumulated interest payments.
• The civic body is aiming to improve property tax recovery while reducing financial pressure on taxpayers with old dues.
• The move follows PMC’s recent decision to offer up to 40% house tax rebate for self-occupied residential buildings older than 20 years.
• The scheme comes as the corporation looks to strengthen local revenue collection amid rising civic infrastructure and water supply expenses.
Read more

cover photo

Maharashtra expands ‘One District-One Registration’ system for leave and licence registrations

28 May 2026

• The Maharashtra Registration and Stamps Department has expanded the ‘One District-One Registration’ system for leave and licence agreements, e-filing and physical filing processes across the state.
• Under the revised framework, citizens can register documents and notices at any sub-registrar office within their district instead of a jurisdiction-specific office.
• Officials stated that the system, implemented under the state government’s Service Fortnight initiative, aims to simplify registration procedures through digital token-based operations and improved administrative flexibility.
Read more

cover photo

Supreme Court rejects Tamil Nadu’s review petition against Mekedatu reservoir project

28 May 2026

• The Supreme Court has dismissed Tamil Nadu’s review petition opposing Karnataka’s proposed Mekedatu balancing reservoir project on the Cauvery river.
• Karnataka stated that it would continue work on the project’s revised Detailed Project Report (DPR) following the court’s decision.
• Tamil Nadu has maintained that the project could impact downstream water availability and affect existing Cauvery water-sharing arrangements.
Read more

cover photo

Malibu Towne Country Club in Gurugram receives occupation certificate, reopening process begins

28 May 2026

• Malibu Towne Country Club in Sector 49, Gurugram has received its occupation certificate after remaining shut for over two years.
• The approval came after Malibu Estate Pvt Ltd renewed the township licence and completed pending compliance requirements flagged by authorities.
• The club serves nearly 10,000 residents living in the 204-acre Malibu Towne township along Sohna Road.
• The facility had faced regulatory scrutiny earlier over pending approvals, community infrastructure gaps and alleged deviations from approved plans.
• Residents and RWAs have welcomed the move as reopening of recreational and community facilities is expected to begin shortly.
Read more

cover photo

43 Ghaziabad high-rise societies fail fire safety audit amid compliance concerns

28 May 2026

A fire safety audit conducted across high-rise residential societies in Ghaziabad has identified major safety violations in 43 housing complexes, raising concerns over emergency preparedness in NCR’s growing condominium market. Inspections by the fire department found blocked exits, faulty firefighting systems, non-functional alarms and poor maintenance of safety infrastructure in several buildings. Notices have been issued to resident welfare associations and developers to fix deficiencies within a stipulated timeline. The findings have once again brought focus on fire safety compliance in high-rise apartments, especially as Ghaziabad, Noida and Greater Noida continue to witness rapid vertical residential development.Read more

cover photo

Delhi approves INR 1,000 crore Yamuna rejuvenation projects to expand sewage treatment infrastructure

28 May 2026

The Delhi government has cleared infrastructure projects worth over INR 1,000 crore to strengthen Yamuna cleaning efforts and improve sewage and water infrastructure across the capital. The projects include 12 decentralised sewage treatment plants in the Najafgarh region, expansion of the Keshopur sewage treatment plant, rehabilitation of an old trunk sewer line in East Delhi, and a new underground reservoir project in Rohtas Nagar. The initiatives are aimed at reducing untreated sewage discharge into the Yamuna and Najafgarh drain while improving sanitation and water supply services for lakhs of residents living in villages and unauthorised colonies.Read more

cover photo

Delhi Gymkhana Club challenges Centre’s eviction order in High Court

28 May 2026

• Delhi Gymkhana Club has approached the Delhi High Court against the Centre’s order directing the club to vacate its premises in the national capital.
• The petition challenges the government’s action over occupation and administrative control of the prominent Lutyens’ Delhi property.
• The legal dispute adds to the continuing tussle between the Centre and the elite institution over governance, land rights and operational management.
Read more

cover photo

BMC plans revival of Mumbai’s first decentralised waste-to-energy plant at Pali Hill

28 May 2026

The Brihanmumbai Municipal Corporation (BMC) plans to revive Mumbai’s first decentralised waste-to-energy plant at Pali Hill in Bandra after the facility became defunct last year. Operational since 2018, the citizen-led project developed with the Pali Hill Residents Association processed nearly one tonne of organic waste daily and generated electricity for around 69 streetlights in the locality. Civic officials are now exploring revival of the facility through CSR funding while also assessing expansion of its waste-processing capacity as part of Mumbai’s broader decentralised waste-management initiatives.Read more

cover photo