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

MHADA allocates INR 200 crore to reclaim disputed Patra Chawl plots in Mumbai

Mumbai News Desk

29 Jan 2026

MHADA has approved an allocation of INR 200 crore to reacquire three out of four disputed plots linked to the Patra Chawl redevelopment project in Goregaon West, Mumbai, following cabinet approval. This settlement addresses a contempt petition filed by builder Guruashish Constructions, a subsidiary of HDIL. The redevelopment, originally stalled by 2011, was taken over by MHADA in 2018 and completed by 2024. The payment will be recovered through sales of flats on these plots at market rates. The move resolves part of the legal disputes and restores rights over the land.Read more

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Bengaluru residents urge quick action to complete suburban rail corridor

29 Jan 2026

Bengaluru citizens have asked Prime Minister Narendra Modi and Chief Minister Siddaramaiah to intervene in accelerating Corridor 1 of the Bengaluru Suburban Rail Project (BSRP), connecting the city centre to Kempegowda International Airport. Sanctioned in 2020 with an estimated cost of INR 15,767 crore, the project faced repeated delays, with no work started even after over five years. Local groups emphasize the need for timely funding, land acquisition, and execution. They hope direct government support can help commission the corridor by early 2028, benefiting around two crore commuters.Read more

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DDA’s Nagrik Awas Yojana 2026 launches amid controversy over pricing and government employee scheme

Delhi News Desk

29 Jan 2026

The Delhi Development Authority has launched the Nagrik Awas Yojana 2026, offering over 1,700 discounted flats across income categories including EWS, LIG, MIG and HIG in Narela and Siraspur. The scheme grants a uniform 25 per cent discount on listed flats and opens bookings through the DDA's Awaas Portal. However, the new offering has sparked discontent among applicants of the earlier Karamyogi Awas Yojana for government employees, who allege that the Nagrik scheme's prices are significantly lower despite similar locations and flat sizes, placing them at a financial disadvantage. DDA officials have responded that the newer flats are older stock and that depreciation has been factored into pricing. Registration opened towards the end of January, with booking scheduled to begin subsequently under a first-come, first-served process.Read more

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Delhi Police probe INR 200 crore South Extension property fraud

29 Jan 2026

Delhi Police have registered an FIR in connection with an alleged large-scale property fraud involving a prime plot in South Extension Part I, valued between INR150 crore and INR200 crore. A Gurugram-based businessman, Dhruv Jalan, claimed the property was fraudulently sold on paper for INR41 crore using a forged sale deed and fabricated documents, including a general power of attorney and agreement to sell. The complaint also alleges illegal registration at a sub-registrar office outside its jurisdiction. Police are investigating cheating, forgery, and criminal conspiracy, including possible involvement of habitual offenders and misuse of the property for loans.Read more

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MahaRERA directs Kalpataru Yashodhan promoters to refund over INR 1.4 crore with interest

29 Jan 2026

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has ordered the promoters of the Kalpataru Yashodhan project in Andheri West, Mumbai, to refund more than INR 1.4 crore to a homebuyer couple, along with interest, after the developer failed to deliver possession within the agreed timeframe and illegally forfeited the amount paid. The couple had booked a flat in 2017 and paid approximately INR 1.46 crore, about 20 per cent of the total consideration, for a property worth around INR 7.12 crore. When possession was delayed beyond the promised date, the promoter issued demand letters prematurely and eventually forfeited the payments, later selling the same unit to a third party. MahaRERA ruled that forfeiture under these conditions was arbitrary and violative of provisions of the Real Estate (Regulation and Development) Act, and that the buyers retained statutory protection regardless of the absence of a registered sale agreement.Read more

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Allahabad High Court upholds earlier order against YEIDA in Silverline land dispute

28 Jan 2026

The Allahabad High Court has dismissed review petitions filed by the Yamuna Expressway Industrial Development Authority (YEIDA) in a long-running land dispute with Silverline Furnishing and Furnitures Pvt Ltd, reaffirming its earlier ruling that directs YEIDA to hand over physical possession and execute lease formalities for a township plot in Greater Noida. The dispute centres on a roughly 100-acre parcel in Sector 18 originally allotted under a 2011 scheme, where YEIDA had failed to deliver physical possession despite collecting premium payments and related fees. The division bench found no apparent on the face of the record in its November 2023 judgment and noted that YEIDA's review pleas sought to re-argue merits beyond the limited scope of review jurisdiction. The court's directives to revise demand notices and adjust lease documentation remain in force.Read more

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Maharashtra mandates 25% beneficiary linkage for select PMAY (Urban) 2.0 affordable housing projects

28 Jan 2026

The Maharashtra government has tightened norms under the Pradhan Mantri Awas Yojana (Urban) 2.0, requiring certain affordable housing projects to secure confirmed beneficiary linkage for at least 25 per cent of units before physical construction can begin or scheme benefits are availed. The directive, issued on 23 January, applies to Affordable Housing in Partnership (AHP) and AHP-public private partnership (AHP-PPP) projects where the sale price of Economically Weaker Section (EWS) units exceeds the applicable annual statement of rates by more than 20 per cent. Under the revised framework, developers must ensure that one in four units has committed beneficiaries before moving ahead with construction or accessing incentives such as additional floor space index. The updated guidelines also aim to standardise unit size norms and require implementing agencies to furnish key clearances at the proposal stage to improve compliance and transparency in affordable housing delivery.Read more

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UP-RERA facilitates INR 2,040 crore relief for homebuyers, resolves over 11,300 cases in 2025

28 Jan 2026

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) resolved more than 11,300 homebuyer disputes during the calendar year 2025, facilitating relief of approximately INR 2,040 crore, according to data released by the authority. A mix of enforcement actions, mutual settlements and conciliation mechanisms were used to resolve complaints mostly related to delayed possession, refunds and interest claims. UP-RERA issued over 6,000 recovery certificates against defaulting promoters, enabling district administrations to recover around INR 1,505 crore and transfer the amounts directly to allottees bank accounts. Promoters also settled an additional INR 535 crore in around 1,734 cases through negotiated agreements after recovery certificates were issued. The authority's conciliation forum and voluntary compliance by developers further contributed to dispute resolution, covering cases involving properties valued at an estimated INR 5,920 crore.Read more

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BMC halts 106 construction projects for failing to install air-quality monitors

28 Jan 2026

Mumbai's Brihanmumbai Municipal Corporation (BMC) has issued stop-work notices to 106 construction sites for not installing mandatory air-quality monitoring systems, affecting both government and private projects. The affected projects include railway bridge works, Slum Rehabilitation Authority (SRA), and Maharashtra Housing and Area Development Authority (MHADA) housing projects. Despite repeated follow-ups since mid-2025, non-compliance led to immediate work halts. Enforcement includes surprise inspections, logbook checks, and stricter action against bakeries violating emission norms. Mumbai now operates 28 reference-grade air monitoring stations, with most areas recording satisfactory or moderate air quality.Read more

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NGT orders investigation into alleged illegal resorts in Pilibhit Tiger Reserve

28 Jan 2026

The National Green Tribunal (NGT) has ordered a detailed investigation into alleged illegal construction of resorts, hotels, and guest houses within the one kilometre eco sensitive zone of Pilibhit Tiger Reserve in Uttar Pradesh. A three member joint committee has been tasked with inspecting the sites and reporting back within 10 weeks. The move follows concerns over continued unregulated development despite earlier notices. Authorities warn that such constructions can harm wildlife, disrupt habitats, and increase human wildlife conflicts. The next hearing is scheduled for April.Read more

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