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

Shine City HR officer held in major Lucknow real estate scam

Lucknow News Desk

07 Feb 2026

Lucknow authorities have recently arrested Preeti Singh, the HR officer and authorised signatory of Shine City Infra Project Pvt Ltd, in connection with a multi-crore real estate scam. The company allegedly lured investors across several districts of Uttar Pradesh with promises of low-cost residential plots and high returns, but failed to deliver land or refunds. Singh is accused of signing buyers agreements that helped legitimise the transactions. The arrest comes as part of ongoing investigations, following earlier complaints and enforcement actions, including asset attachments and multiple prosecutions against Shine City promoters.Read more

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Navi Mumbai civic body seals seven construction sites in Sanpada over air pollution violations following HC directive

07 Feb 2026

The Navi Mumbai Municipal Corporation (NMMC) has sealed seven construction sites in Sanpada for failing to implement mandatory air and noise pollution control measures, following directions issued by the Bombay High Court in a suo motu public interest litigation related to rising air pollution. The action was taken after inspections revealed multiple violations of the prescribed Standard Operating Procedures, including inadequate site barricading, lack of dust suppression, absence of protective gear for workers and failure to control dust on adjoining roads. Civic officials stated that despite prior notices warning of stop-work action, developers had not complied with pollution control norms. The sealed sites belong to various developers operating in sectors across Sanpada. The municipal corporation indicated that enforcement will be intensified across all zones in the coming period to curb construction-related pollution.Read more

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Bengaluru BDA launches drive to educate citizens on illegal layouts

Bangalore News Desk

07 Feb 2026

The Bangalore Development Authority has intensified efforts to educate residents about illegal layouts across the city. After a survey revealed 278 unauthorised settlements, mostly on converted agricultural land, the BDA plans to issue 20-30 public notices explaining legal requirements, mandatory approvals, and responsible authorities. While the state government is framing stricter B-Khata to A-Khata conversion norms to protect buyers, activists caution that blanket amnesty could legitimise poorly planned layouts, complicating civic planning and post-occupancy infrastructure. Authorities urge citizens to verify approvals before investing in any layout.Read more

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Mohali district administration demolishes illegal structures in Sukhna Lake catchment to enforce HC orders

07 Feb 2026

The Mohali district administration has carried out a major anti-encroachment drive against illegal and unauthorised structures in the Kansal catchment area of Sukhna Lake in compliance with directions from the Punjab and Haryana High Court. The operation, conducted in the Naya Gaon area and surrounding localities such as Patiala Ki Rao and Shivalik Vihar, targeted buildings that violated court orders, environmental norms and land-use regulations in ecologically sensitive and floodplain zones. Enforcement teams, operating under the supervision of a designated nodal officer and supported by municipal and police personnel, dismantled multiple structures that were found to obstruct natural drainage and pose environmental risks. Officials reaffirmed a zero-tolerance approach to unauthorised construction in the protected catchment and warned of strict action against future violations. Residents were advised to follow sanctioned building plans and regulatory requirements.Read more

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Patna High Court asks NHAI to find practical ways to stop overloading on national highways

Patna News Desk

07 Feb 2026

The Patna High Court has asked the National Highways Authority of India to identify effective measures to control vehicle overloading on national highways in Bihar. The court observed that overloaded trucks, especially those carrying sand, are damaging roads and bridges and posing safety risks. The direction came during a public interest case where concerns were raised about unchecked movement of such vehicles. The court suggested using technology-based solutions and has asked NHAI to submit its response by mid-February, when the matter will be reviewed again.Read more

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Uttar Pradesh Government approves Urban Redevelopment Policy to unlock Prime City Land for renewal

06 Feb 2026

The Uttar Pradesh government has approved a comprehensive Urban Redevelopment Policy aimed at rejuvenating under-utilised and ageing properties in cities across the state, providing a new roadmap for urban renewal and housing redevelopment. Under the policy, housing development authorities will be empowered to process redevelopment applications from private developers for dilapidated or disputed buildings, ensuring better utilisation of prime city land parcels and improved urban infrastructure. The policy also includes rationalisation of development fees to support urban densification and make development more affordable for local residents. By facilitating private sector participation and streamlining approval processes, the state is seeking to energise stalled or inefficient urban spaces, attract investment, and enhance living conditions in core city areas. The approval marks a key step in Uttar Pradesh's broader urban growth strategy.Read more

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Haryana affordable housing policy stalls in Gurugram and Faridabad as rising land and construction costs hit viability

Gurugram News Desk

06 Feb 2026

Haryana's flagship affordable housing policy has effectively stalled in Gurugram and Faridabad, with developers and industry stakeholders saying that escalating land and construction expenses have made projects under the scheme financially unviable. Officials from the Town and Country Planning Department have confirmed that no new licences for affordable housing projects have been granted in Gurugram over the past one-and-a-half to two years, and the Gurugram-Manesar Master Plan area has not seen any fresh affordable housing developments during this period. Under the current policy, the sale price of affordable units is capped at INR 5,000 per sq ft, but surging input costs have far outpaced this rate, leaving developers unable to meet prescribed price limits. Homebuyers and industry bodies are now urging the state government to revise the pricing framework and make the policy continuous rather than episodic to restore project momentum.Read more

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Belagavi district mandates Aadhaar authentication for all property registrations amid fraud concerns

06 Feb 2026

The Belagavi district administration has made Aadhaar authentication compulsory for all property registrations in the district, responding to concerns about fraudulent transactions involving duplicate identity documents. District Commissioner Mohammad Roshan issued an order requiring sub-registrars to verify the Aadhaar details of all parties at the time of registration to prevent impersonation and protect public and government land. This directive follows reports of cases in which individuals allegedly used forged Aadhaar numbers to transfer ownership of ancestral properties without the owners consent. In response to the wider issue of misuse of duplicate Aadhaar numbers, the district minister has instructed the formation of a joint task force comprising senior police and revenue officials to investigate the matter. Authorities have highlighted the threat posed by fake Aadhaar numbers, which may bear mismatched photographs and names and have been linked to various fraudulent activities beyond land transactions.Read more

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Tamil Nadu Cabinet clears 15 industrial projects worth INR 34,237 crore, to create 55,000 jobs

06 Feb 2026

The Tamil Nadu Cabinet has approved 15 new industrial projects involving a cumulative investment of INR 34,237 crore, a move expected to generate employment for around 55,000 people across the state. The approvals were granted during the 23rd Cabinet meeting chaired by Chief Minister M K Stalin earlier this week. According to Industries Minister T R B Rajaa, the sanctioned proposals include expansion-led and new industrial investments across key manufacturing hubs such as Chennai, Ranipet and Thiruvallur, along with other regions of Tamil Nadu. The projects are also set to bring an international footwear brand into the state, strengthening its position as a preferred destination for global manufacturing. The approvals underline the government's focus on industrial growth, regional dispersion of investments and large-scale job creation.Read more

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BMC plans INR 10,000 crore municipal bonds for water and coastal projects

Mumbai News Desk

06 Feb 2026

The Brihanmumbai Municipal Corporation (BMC) is preparing to raise up to INR 10,000 crore through municipal bonds, aiming to fund water infrastructure and the northern extension of the Mumbai Coastal Road. Officials confirmed the civic body is in the accreditation and credit rating process, expected to take one to two months. Plans include issuing "blue bonds" for water projects and toll-backed bonds for coastal roads. This marks a shift from BMC's traditional self-funding approach, driven by rising liabilities and the Union Budget incentive of INR 100 crore for large bond issuances.Read more

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