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

Bombay HC orders demolition of illegal 16-storey Ulhasnagar building over fake approvals

06 May 2026

The Bombay High Court has directed the demolition of a 16-storey building in Ulhasnagar after finding that permissions were obtained through fraudulent submissions. The court held that the developer misled authorities and carried out large-scale violations, including encroachments on planned development roads. It also pointed out lapses by municipal officials in verifying documents. The structure, comprising 65 flats and four shops, was declared largely illegal, with nearly 80% of it violating norms. The court refused relief to the developer and allowed civic authorities to proceed with demolition.Read more

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Telangana High Court questions inaction on illegal construction in Salkam Cheruvu, orders probe into officials

06 May 2026

The Telangana High Court has raised serious concerns over alleged illegal construction within the Salkam Cheruvu lake area in Hyderabad, directing authorities to investigate lapses in enforcement. In proceedings held in the past week, the court questioned why encroachments, including institutional developments, were allowed to continue for years without regulatory intervention. It ordered a joint survey to determine lake boundaries and identify violations, while directing senior officials across departments to submit detailed reports. The case highlights regulatory gaps in managing urban lake zones and enforcing development controls in environmentally sensitive areas.Read more

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Gujarat High Court directs aeronautical survey before demolition of structures near Ahmedabad airport

06 May 2026

The Gujarat High Court has directed authorities to conduct a detailed aeronautical survey before proceeding with demolition of structures located near Sardar Vallabhbhai Patel International Airport in Ahmedabad. The order, issued in the past week, comes amid disputes over buildings identified as potential obstacles to flight safety. The court instructed aviation and local authorities to assess whether the structures violate permissible height limits under aviation norms before taking coercive action. The directive is expected to impact ongoing enforcement measures and underscores the need for technical evaluation in matters involving urban development near airport zones.Read more

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Telangana directs allocation of 2BHK houses by end of May, prioritises completed units and beneficiary verification

06 May 2026

The Telangana government has directed officials to complete the allocation of 2BHK houses to eligible beneficiaries by the end of the ongoing month, as part of efforts to accelerate housing delivery under state schemes. The instruction, issued in the past week by Housing Minister Ponguleti Srinivasa Reddy, emphasises prioritising completed and near-complete units while ensuring strict beneficiary verification. The move follows concerns over vacant houses, delays in allotment and irregularities in earlier phases. Authorities have also been asked to address ineligible occupancy and streamline the allocation process, with financial assistance and infrastructure support continuing under the broader Indiramma housing framework.Read more

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Goa proposes 28.4 lakh sq m as non-developable land to curb construction in ecologically sensitive zones

05 May 2026

The Goa Town and Country Planning (TCP) department has proposed to classify around 28.4 lakh square metres of land as non-developable under revisions to the state’s regional planning framework. The proposal, outlined in the past week, is aimed at protecting ecologically sensitive areas, including forest land and natural landscapes, while limiting unplanned urban expansion. The reclassification forms part of ongoing efforts to correct earlier zoning decisions and strengthen land-use controls. Public objections and suggestions have been invited before finalising the proposal, which is expected to influence future real estate development and construction activity across the state.Read more

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MHADA cuts Vikhroli flat prices by 7.5% after weak buyer response

05 May 2026

The Maharashtra Housing and Area Development Authority (MHADA) has reduced prices of 1,221 flats in Vikhroli by 7.5% after receiving a muted response from buyers in its housing lottery. The price cut lowers unit rates by around INR 10 lakh, bringing them to a range of about INR 1.34 crore to INR 1.37 crore. The authority has also added one free car parking space per flat and extended the application deadline to improve participation. The move reflects growing competition from private developers offering similar pricing with better amenities.Read more

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Hubballi-Dharwad extends property tax rebate deadline as civic body seeks to improve collections

05 May 2026

The Hubballi-Dharwad Municipal Corporation (HDMC) has extended the deadline for availing property tax rebates following slower-than-expected collections in the current cycle. The decision, taken in the past week, aims to encourage taxpayers to clear dues by continuing incentives for early payments. Officials indicated that the extension is intended to improve compliance and boost revenue mobilisation, which remains critical for funding civic infrastructure and services. The move reflects ongoing challenges faced by urban local bodies in achieving collection targets despite incentive-based mechanisms and digital payment initiatives.Read more

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MahaRERA issues show cause notices to 8,212 housing projects over delayed quarterly compliance

05 May 2026

The Maharashtra Real Estate Regulatory Authority has taken action against 8,212 housing projects for not updating their Quarterly Progress Reports within the mandated timeline. Out of 33,029 registered projects across the state, these cases of non-compliance have triggered show cause notices under the RERA framework. Developers have been given 60 days to respond and update records, failing which stricter measures may follow, including suspension or cancellation of registrations, penalties, and restrictions on sales and marketing activities. The move aims to strengthen transparency and protect homebuyer interests through timely disclosure of project details.Read more

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Nashik civic body collects INR 76 crore in property tax as early payment incentives drive compliance

05 May 2026

The Nashik Municipal Corporation (NMC) has collected approximately INR 76 crore in property tax revenue in the early phase of the current financial cycle, supported by incentives offered for advance payments. Officials indicated that the response from taxpayers improved following the announcement of rebates for early settlement of dues. The civic body has been focusing on strengthening revenue collection mechanisms and encouraging voluntary compliance through structured incentives. The collections form part of NMC’s broader strategy to enhance municipal finances and support expenditure on urban infrastructure and service delivery across the city.Read more

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Bengaluru civic body issues INR 473 crore property tax notices to government buildings over long-pending dues

Bangalore News Desk

05 May 2026

The Bruhat Bengaluru Mahanagara Palike (BBMP) has issued property tax notices amounting to around INR 473 crore to various government departments and public sector entities for unpaid dues in Bengaluru. The action, initiated in the past week, targets state and central government properties that have either defaulted on payments or underreported tax liabilities. Civic officials stated that the drive forms part of efforts to improve revenue collection and enforce compliance across all property owners, including government bodies. The development highlights persistent gaps in municipal tax recovery and the financial strain on urban local bodies.Read more

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