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

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.
Read more

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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.
Read more

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Gujarat RERA steps up scrutiny as half of new project applications involve developers with pending complaints

16 Jul 2026

• Gujarat Real Estate Regulatory Authority (GujRERA) has tightened scrutiny of new real estate project registrations after finding that nearly 50% of applications under review involve developers with pending complaints or regulatory proceedings.
• Developers seeking approval for new projects are now being asked to resolve outstanding complaints, penalties and other dues before fresh registrations are granted. In some cases, projects have received conditional approvals subject to compliance within stipulated timelines.
• The enhanced due diligence covers both complaints filed by homebuyers and suo motu proceedings initiated by the regulator, with the aim of improving accountability and protecting homebuyers.
• GujRERA is also preparing to display developers' complaint histories on its public portal, enabling prospective buyers to review a promoter's regulatory track record before investing in a project.
Read more

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Telangana HC orders 2BHK homes for 71 Bhimrao Bada families, ends 17-year rehabilitation dispute

15 Jul 2026

The Telangana High Court has directed the state government to allot 2BHK houses at Kollur to 71 families displaced from Bhimrao Bada in Hyderabad, bringing an end to a 17-year rehabilitation dispute. The court ruled that the families, evicted during the construction of the P.V. Narasimha Rao Expressway, could not be denied permanent housing despite administrative delays. The judgment reinforces the state's obligation to honour rehabilitation commitments made to project-affected residents.Read more

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Amit Shah launches mega plantation drive, unveils development projects worth INR 28,492 crore in Gandhinagar

15 Jul 2026

Union Home Minister Amit Shah launched a mass plantation drive in Gujarat's Gandhinagar Lok Sabha constituency, where over one crore trees were planted in a single day under the 'Ek Ped Maa Ke Naam' campaign. He also inaugurated and laid the foundation stones for multiple development projects, taking the total value of completed works in the constituency to INR 28,492 crore. The initiative includes new Oxygen Parks, clean public transport, solar rooftop expansion and measures to increase regional green cover to 20% by 2029.Read more

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Maharashtra forms high-level panel to probe Pune building collapse

Pune News Desk

15 Jul 2026

• The Maharashtra government has constituted a five-member high-level inquiry committee to investigate the building collapse at the Moshi waste-to-energy plant in Pimpri Chinchwad that claimed nine lives.
• The committee will examine the causes of the collapse, assess possible lapses in planning, construction and safety practices, fix accountability and recommend measures to prevent similar incidents.
• Meanwhile, the Pimpri Chinchwad Municipal Corporation (PCMC) has initiated departmental action, issued notices to the civic environment department and the plant operator, and ordered an internal review.
• Preliminary findings indicate that the collapsed three-storey administrative building had an occupancy certificate only for the ground floor, prompting criminal proceedings and a wider investigation into regulatory compliance.
Read more

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Maharashtra government says all amenities have been provided at PMAY colony in Wathoda

15 Jul 2026

Deputy Chief Minister Eknath Shinde has informed the Maharashtra Legislative Assembly that all civic amenities promised under the approved plan have been provided at the Pradhan Mantri Awas Yojana (PMAY-Urban) housing colony in Wathoda, Nagpur. Responding to allegations regarding inadequate infrastructure, poor construction quality and rising crime, the government said the project complies with prescribed standards and independent technical inspections have certified its quality. The clarification came after legislators raised concerns over the availability of roads, drainage, water supply and other public services at the affordable housing project.Read more

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