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 takes strict action against builders for flouting project norms

08 Aug 2025

The Telangana Real Estate Regulatory Authority (RERA) imposed significant penalties on two developers earlier this week for breaching project norms and misleading homebuyers. One developer was penalised for unauthorised construction and failure to deliver promised amenities, while another faced action for selling plots without RERA registration. The authority directed both developers to refund amounts with interest and to carry out necessary rectifications at their own cost. These actions highlight the regulator's growing emphasis on accountability and consumer protection within the real estate industry.Read more

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DDA begins rent payouts for Signature View residents after verification delays

08 Aug 2025

The Delhi Development Authority has initiated rent disbursals to residents evacuated from Signature View Apartments, with payments structured according to flat category. Delays in past disbursements had fostered mistrust among residents, leading to reluctance in vacating. However, rent is now being released flat-wise upon confirmation of vacancy. The move aligns with court directions aimed at expediting evacuation, demolition, and eventual redevelopment of the deteriorating housing complex.Read more

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Haryana RERA warns Ramprastha of civil jail over non-payment of refunds to homebuyers

08 Aug 2025

Haryana RERA's Gurugram division has issued a show-cause notice to Ramprastha Promoters & Developers Pvt Ltd, warning of possible civil imprisonment over failure to comply with refund orders worth nearly INR 3 crore. Despite directives to return funds to homebuyers and disclose attachable assets, the developer has not acted. This follows the Enforcement Directorate's recent arrest of the company's directors in a money laundering case involving INR 1,100 crore collected for stalled projects like Edge, Skyz, Rise, and Ramprastha City. ED findings include diverted funds, seized luxury assets, and attached property worth over INR 681 crore. HRERA has scheduled the next hearing for early next week.Read more

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Bengaluru gets new building setback rules from August 1: What homeowners must know

08 Aug 2025

The Karnataka government has introduced new building setback norms for Bengaluru, which came into effect on August 1st.The new rules, part of the Revised Master Plan 2015, aim to provide clear guidelines on the minimum open space required around a building. The regulations specify setback requirements based on plot size and building height, and also provide clarity on the height of stilt parking. This move is designed to address contentious issues that have arisen from the city's rapid vertical growth and to streamline the construction and approval process for new buildings.Read more

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Parliamentary panel calls for dedicated ESG oversight body to combat greenwashing

08 Aug 2025

A parliamentary panel has urged the Ministry of Corporate Affairs to establish a dedicated ESG (Environmental, Social, and Governance) oversight body to actively combat greenwashing and penalize fraudulent ESG claims. This recommendation is part of a broader call to amend the Companies Act, 2013, to explicitly integrate ESG objectives into the fiduciary duties of company directors. The committee also recommended creating a transparent oversight system for Corporate Social Responsibility (CSR) and strengthening institutions like the Serious Fraud Investigation Office (SFIO) to tackle financial crimes.Read more

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Bombay HC stays rule mandating telecom rooms in new buildings

08 Aug 2025

The Bombay High Court has stayed the implementation of a 2023 Maharashtra government resolution that made it compulsory for all new building projects to include a telecom room to receive development permissions. The order came in response to a petition by the Maharashtra Chamber of Housing Industry (MCHI), which argued that such a rule required a formal amendment to the city's Development Plan and not just a government order. The court accepted this argument and clarified that such planning changes need to go through a legal and consultative process.Read more

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Kochi residents push for state intervention on sewage treatment plant notices

08 Aug 2025

Apartment owners across Kochi have sought government assistance following power disconnection warnings from the electricity board over the absence of sewage treatment plants (STPs). More than 70 apartment complexes were issued notices, leaving over 1,500 households anxious. Residents cited limited space, high installation costs, and pre-existing municipal STPs as reasons for non-compliance. The community has proposed interim measures and plans to seek formal intervention from state authorities.Read more

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BMC demolishes illegal structures at two Kamala Mills outlets, cancels Living Liquidz licences

07 Aug 2025

The BMC has taken strict action against two Living Liquidz outlets in Kamala Mills for carrying out unauthorised structural modifications and operating without required fire safety approvals. The civic body demolished illegal extensions and cancelled their licences. This comes after inspections revealed that commercial premises meant for a tailoring shop and a garment store had been illegally turned into bar and wine shop operations. The crackdown is part of a wider enforcement drive in the Kamala Mills compound targeting several eateries for violations.Read more

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Supreme Court makes green clearance mandatory for hostels, schools, and industrial sheds

07 Aug 2025

The Supreme Court has ruled that all construction projects involving industrial sheds, educational institutions, and hostels must obtain environmental clearance from State Environment Impact Assessment Authorities (SEIAAs). This overturns earlier provisions that exempted such developments from scrutiny. While upholding revised central norms, the bench-led by Chief Justice B R Gavai-also clarified that states have jurisdiction over clearances in eco-sensitive zones, wildlife areas, polluted zones, and near inter-state borders. The court emphasised the need to balance ecological protection with economic progress, reinforcing the role of decentralised environmental governance in project approvals moving forward.Read more

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High Court steps in to stop illegal commercial buildings in Arera Colony, Bhopal

07 Aug 2025

The Madhya Pradesh High Court has ordered a stop to all illegal commercial activities in Bhopal's Arera Colony (E-1 to E-5), a residential zone. Petitioners highlighted lease and planning violations caused by rising commercial setups like shops and restaurants. Notices have been sent to concerned government departments, and they have been instructed to respond within four weeks. The court also ordered that no new non-domestic electricity connections be issued, and no further construction take place until the matter is decided.Read more

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