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

ED attaches over INR 50 Crore in assets in Gurugram homebuyers fraud case

Gurugram News Desk

12 Jan 2026

The Enforcement Directorate (ED) has provisionally attached assets worth over INR 50 crore in connection with a money-laundering probe tied to an alleged homebuyers fraud involving Ocean Seven Buildtech Pvt Ltd (OSBPL), a Gurugram-based realty firm. The move comes after detailed financial investigations revealed that funds collected from homebuyers for residential projects were diverted for unrelated purposes, including personal expenses and acquisition of other properties. Key assets attached include a villa, a hotel, a resort, several office spaces, and multiple land parcels across Gurugram, Himachal Pradesh and Maharashtra, with total seized value at around INR 51.57 crore. The ED also seized cash and bank deposits linked to the company and its promoter, who was arrested last year in connection with the probe. The action reflects intensified regulatory scrutiny to protect buyer interests and enforce financial accountability in real estate.Read more

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Gurugram to demolish four unsafe NBCC towers at Green View over structural safety concerns

Gurugram News Desk

11 Jan 2026

The Gurugram district administration has approved the demolition of four residential towers at the NBCC Green View condominium in Sector 37D after prolonged safety concerns, marking a major step toward resolving the longstanding crisis around the project. Towers A, B, C and D comprising about 580 flats were previously declared structurally unsafe and uninhabitable years ago, forcing evacuation and legal scrutiny. Authorities have now cleared the move to raze these deteriorated buildings to mitigate potential hazards, following multi-level reviews and stakeholder consultations. The decision addresses persistent risks posed by the ageing structures and opens the way for future redesign or redevelopment once the unsafe towers are dismantled. This development underlines the priority given to resident safety in urban housing governance and the need for proactive structural assessment in large real estate complexes.Read more

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Allahabad HC rules rent authority can hear cases without written tenancy agreements

11 Jan 2026

The Allahabad High Court has clarified that landlords in Uttar Pradesh can approach rent authorities for eviction even when there is no written tenancy agreement or when tenancy details have not been submitted to the authority. The court interpreted the Uttar Pradesh Regulation of Urban Premises Tenancy Act, 2021 to mean that procedural gaps do not restrict the authority's jurisdiction. This ruling ensures landlords are not denied remedies due to informal or undocumented rental arrangements, providing clarity and reducing legal uncertainty in tenancy disputes under the Act.Read more

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Ahmedabad municipal corporation officials face allegations of collusion over impact fees for illegal houses

Ahmedabad News Desk

11 Jan 2026

Allegations of collusion and procedural irregularities have surfaced against officials of the Ahmedabad Municipal Corporation (AMC) in relation to the collection of impact fees for houses built on government land. Members of a co-operative housing society in Ghatlodia have filed an appeal under the Gujarat Regularisation of Unauthorised Development Act, claiming that AMC's North West Zone officials wrongly linked two illegally constructed houses on government land to their society to collect impact fees and regularise them. The complaint asserts that this misrepresentation facilitated an unlawful regularisation and demands cancellation of the impact fee approvals as well as legal action against the municipal officials involved. Multiple hearings have been held before the appellate authority, with society members seeking clarity and accountability in how irregular approvals were granted for properties on government parcels.Read more

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Construction work banned in Bhubaneswar-Cuttack from 6 PM to 10 AM to curb pollution

11 Jan 2026

The Bhubaneswar-Cuttack urban region has introduced strict construction time restrictions to tackle worsening air pollution, banning all construction activity from 6 PM to 10 AM. The decision aims to reduce dust generation and related particulate pollution during peak night and early-morning hours when air quality tends to deteriorate. Daytime work will be allowed during the prescribed hours with enforcement measures in place, and authorities have warned of penalties for violations. The ban applies to all building and infrastructure works, with exemptions only for essential emergency services. The move reflects growing concern over air quality in the twin cities and is part of a broader set of pollution control measures designed to protect public health and ensure cleaner urban living conditions.Read more

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PRAGATI accelerates over 3,300 stalled projects worth INR 85 lakh crore

11 Jan 2026

India's PRAGATI platform has successfully fast-tracked over 3,300 delayed infrastructure projects, valued at approximately INR 85 lakh crore. Through regular review meetings, it has raised 7,735 implementation issues and resolved 7,156, addressing obstacles like land acquisition, forest and environmental clearances, right-of-way disputes, power connections, and financial bottlenecks. Projects such as the Jammu Udhampur Srinagar Baramulla rail link and Navi Mumbai airport were completed faster due to this intervention. PRAGATI also monitors 61 flagship government schemes, strengthens inter-ministerial coordination, and provides a platform to resolve citizen grievances across multiple sectors.Read more

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Illegal construction rampant in Raisina hill area; boundary walls, roads razed and borewells sealed

Delhi News Desk

11 Jan 2026

Authorities have launched a major crackdown on widespread illegal construction activity in the Raisina Hill area of New Delhi, targeting boundary walls, unauthorised roads and borewells that were developed without requisite approvals. In a bid to enforce planning norms and protect the sensitive hillside environment, enforcement teams demolished encroachments, removed unauthorised road work and sealed borewells that lacked legal clearances. The action aims to restore compliance with master plan regulations and prevent ad-hoc development that could compromise soil stability, drainage and landscape integrity in the ecologically vulnerable zone. Local residents and stakeholders have generally welcomed the operation, noting that unchecked construction had disrupted natural topography and exacerbated erosion risks. The move underscores renewed focus on upholding building standards in areas prone to environmental sensitivity and infrastructure stress.Read more

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Protests halt Carambolim housing project amid regulatory violations

11 Jan 2026

Construction on a controversial housing and commercial project in Carambolim village, Goa, has been halted after sustained protests by local residents and regulatory scrutiny. The Town and Country Planning (TCP) Department issued a show-cause notice and stop-work order, responding to villagers complaints that the project's technical clearance was granted without following due process and violated planning norms, including building setbacks and access road requirements. The halt came after a joint site inspection revealed multiple discrepancies, prompting authorities to suspend all construction activity pending further review. The Goa Chief Minister has directed a formal inquiry into the matter to identify lapses and ensure compliance with planning regulations. The action marks a significant victory for residents advocating sustainable development and stricter enforcement of land use rules.Read more

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Delayed SCADA project raises concerns over water safety in Bhopal

Visakhapatnam News Desk

11 Jan 2026

Bhopal's SCADA-based water monitoring project, planned under the Smart City programme, continues to fall short of its objective of real-time water quality and distribution monitoring. Despite most overhead tanks being connected, the system's first phase remains incomplete, limiting its ability to detect contamination or supply disruptions. The recent drinking water crisis in Indore has brought renewed focus on these gaps. Past audits and studies had already flagged weaknesses in urban water testing and infrastructure, issues that remain unresolved in Bhopal's water management system.Read more

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West Bengal tribunal mandates homebuyer consent for changes to common areas

10 Jan 2026

In a significant ruling strengthening homebuyer rights, the West Bengal Real Estate Regulatory Authority (WB RERA) Appellate Tribunal has held that promoters must obtain prior consent from homebuyers before making any changes to common areas of a real estate project. The tribunal clarified that common facilities form an integral part of the agreement with buyers and cannot be altered unilaterally. The decision reinforces transparency and accountability in project development, addressing long-standing complaints from buyers about post-sale modifications. The ruling is expected to set an important precedent, offering greater protection to homebuyers and compelling developers to strictly adhere to approved plans and statutory obligations.Read more

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