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

Telangana RERA halts R Homes project over violations of norms

26 Aug 2025

The Telangana Real Estate Regulatory Authority has suspended the Jai Vasavis Bliss Heights project by R Homes Infra after finding multiple violations of statutory provisions. The authority stated that the promoter misled homebuyers during pre-launch, signed agreements before securing registration, and failed to submit essential progress and audit reports. All promotional activities have been stopped, bank accounts frozen, and the developer has been instructed to respond to the interim order.Read more

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GDA launches monthly redressal forum to address homebuyer grievances

26 Aug 2025

The Ghaziabad Development Authority has rolled out a new monthly grievance redressal mechanism, named RERA Samadhan Diwas, to address homebuyer complaints more directly and minimise escalation to UP RERA. The forum will convene every third Thursday at the GDA office, with its first session already seeing on-the-spot resolutions and withdrawals of cases from UP RERA. This step reflects the authority's growing accountability as a township developer under RERA and its effort to handle disputes efficiently while strengthening buyer confidence.Read more

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Thane civic body launches special squad to curb illegal constructions

26 Aug 2025

The Thane Municipal Corporation has launched a dedicated squad to curb unauthorised constructions in Diva and Mumbra, areas that have witnessed a spurt in such activity. The decision followed a high-level review, after which officials took immediate action against 227 illegal structures and registered 24 criminal cases. With the monsoon intensifying structural risks, the civic body also ordered evacuations of unsafe buildings while tasking the squad with continuous vigilance and enforcement.Read more

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Reliance Power and Reliance Infrastructure distance themselves from CBI probe into RCom

26 Aug 2025

In separate exchange filings, Reliance Power and Reliance Infrastructure have clarified that the recent CBI action against Reliance Communications (RCom) and its former director, Anil Ambani, does not affect their business. Both companies stated that they are distinct and independent entities with no business or financial links to RCom. The clarification comes after the CBI registered a INR 2,929 crore bank fraud case and conducted searches at RCom's premises and Ambani's residence. The companies also noted that Ambani has not served on the board of Reliance Power for over 3.5 years, further reinforcing their separation from the ongoing legal issues of RCom.Read more

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Rajasthan High Court halts government order on Sanganer colony regularization

26 Aug 2025

The Rajasthan High Court has issued a stay on a government order to regularize 86 unauthorized colonies in the Sanganer area. A public interest litigation (PIL) argued that the regularization would unfairly benefit a few influential people who have encroached on land that was originally acquired by the Rajasthan Housing Board (RHB). The court has now ordered the state government to remove the encroachments and return the land to the RHB. The court's decision reinforces its strict stance against illegal construction and a disregard for urban planning.Read more

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Gurugram homebuyers protest Ocean Seven Buildtech over stalled project

26 Aug 2025

Homebuyers of the Expressway Towers project in Gurugram's Sector 109 have been protesting against developer Ocean Seven Buildtech Pvt Ltd due to significant delays in possession. Despite full payments made since 2016 under the Affordable Housing Scheme, construction remains incomplete. Buyers allege fund diversion by the developer and have filed complaints with authorities. The developer claims that possession will be delivered by March 2026.Read more

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Andhra Pradesh CM accelerates housing projects to deliver 10 lakh homes for the poor by 2026

26 Aug 2025

Andhra Pradesh Chief Minister Shri N. Chandrababu Naidu has emphasized accelerating welfare housing schemes to provide 10 lakh homes to underprivileged citizens by March 2026. The state has already allocated over INR 2,013 crore for these projects, with additional funds needed for infrastructure development in partially completed layouts. Authorities are instructed to identify land and beneficiaries quickly and categorize projects based on urgency and progress. A significant number of homes under central schemes like PMAY-Urban, PMAY-Gramin, and PM Janman have been completed, with more expected to be handed over shortly.Read more

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Goa property owners to face fines for not reporting tenants under new rules

26 Aug 2025

The Goa government has introduced the Goa (Verification of Tenants) Rules, 2025, requiring property owners to submit detailed information about tenants to authorities. Non-compliance can attract fines of up to INR 10,000. The rules are open for public feedback before finalization. This initiative is part of the Goa (Verification of Tenants) Act, 2024, aimed at enhancing security in the state, which sees a significant number of domestic and international visitors. Police and local authorities are authorized to verify tenant information to maintain public safety and prevent misuse of rented properties.Read more

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Greater Bengaluru Authority set to take charge as BBMP transitions into five new municipal corporations

25 Aug 2025

The Greater Bengaluru Authority (GBA) is preparing to start operations early next month, marking the official replacement of the Bruhat Bengaluru Mahanagara Palike (BBMP). Bengaluru will be divided into five municipal corporations East, West, North, South, and Central with offices assigned from existing government properties. BBMP headquarters will become the Chief Minister's office as GBA Chairperson, and the Urban Development Minister will operate from the former Deputy Mayor's office. Revenue, liabilities, staff, and administrative zones are being redistributed across the new corporations, guided by draft orders and public feedback submitted recently, ensuring a smooth transition.Read more

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DLF asked to pay compensation to buyer for delayed apartment delivery in Kochi

25 Aug 2025

The Ernakulam District Consumer Disputes Redressal Commission has directed DLF to pay compensation to a buyer for a four-year delay in handing over an apartment in Kochi's Kakkanad area. The buyer, who had cleared almost the entire cost of the flat, was also forced to make additional payments, including charges for increased area. Construction issues and unauthorized deductions from their loan account further worsened the situation. The commission identified these as clear service lapses and unfair trade practices, instructing DLF to pay interest, refund rent spent during the delay, and provide compensation for mental distress and litigation costs.Read more

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