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

Kolkata issues property tax bills for FY27 with early payment rebates and revised assessment framework

Kolkata News Desk

05 May 2026

The Kolkata Municipal Corporation (KMC) has begun issuing property tax bills for the 2026–27 financial year, incorporating early payment incentives to encourage timely compliance. Announced in the past week, the civic body has retained rebate provisions for advance payments while continuing with its unit area assessment system. The move aims to strengthen revenue collection and improve fiscal stability for urban services. Officials have also urged property owners to verify assessment details and clear dues within the stipulated timelines to avail benefits and avoid penalties, amid ongoing efforts to streamline municipal tax administration.Read more

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Supreme Court focuses on delivering homes to 22,000 Unitech buyers

05 May 2026

The Supreme Court has reiterated its focus on ensuring delivery of homes to around 22,000 buyers affected by delayed Unitech projects. It has asked the government-appointed board, banks, and financial institutions to submit practical solutions to resolve the long-pending issue. Inputs have also been sought from homebuyers and land authorities. With total dues at about INR 14,129.85 crore and past concerns over fund diversion, the matter remains complex. The case, under review since 2016, is now moving towards a more structured resolution aimed at completing stalled housing projects.Read more

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Belagavi cancels 31 unauthorised property IDs amid probe into alleged official nexus

05 May 2026

Authorities in Belagavi have cancelled 31 unauthorised property identification numbers following the detection of irregularities linked to alleged collusion between officials and private entities. The action, taken in the past week, forms part of an ongoing probe into the issuance of property IDs without due verification. The move aims to address discrepancies in property records, strengthen administrative oversight, and prevent misuse of municipal systems. Officials have indicated that further scrutiny is underway, with additional cases likely to be examined as part of the investigation.Read more

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DDA extends payment deadline for Towering Heights flats to end-June to facilitate allottee compliance

Delhi News Desk

05 May 2026

The Delhi Development Authority (DDA) has extended the payment deadline for allottees of flats under its Towering Heights housing scheme until the end of June, following requests from buyers seeking additional time to complete formalities. Announced in the past week, the extension applies to successful applicants who were required to deposit payments within a stipulated period after allotment. The move is aimed at improving conversion of allotments into final ownership, reducing cancellations and supporting buyers facing financial or procedural delays, while maintaining momentum in the authority’s housing delivery programme.Read more

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Haryana approves land pooling policy to facilitate planned urban expansion and infrastructure-led development

05 May 2026

The Haryana government has approved a new land pooling policy aimed at enabling planned urban expansion while reducing dependence on compulsory land acquisition. Cleared in the past week, the policy allows landowners to voluntarily pool their land for development, with a share of developed plots returned after infrastructure provisioning. The framework is expected to support urban growth in key regions, improve land assembly for large projects, and align infrastructure development with master planning. The initiative reflects a shift towards participatory land development models in fast-growing urban centres across the state.Read more

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Haryana DTCP initiates statewide audit of infrastructure works and funds following High Court directive

05 May 2026

The Department of Town and Country Planning (DTCP), Haryana, has initiated a statewide audit of infrastructure works and fund utilisation following directions from the Punjab and Haryana High Court. The exercise, launched in the past week, will review development works undertaken by private developers, including utilisation of collected funds for internal and external infrastructure. The audit aims to assess compliance, identify irregularities, and ensure that infrastructure obligations linked to licensed colonies are being met. The move is expected to strengthen regulatory oversight and accountability across urban development projects in the state.Read more

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Government pushes resilient road building in Himalayan region with advanced monitoring systems

05 May 2026

The development of climate-resilient road infrastructure in the Himalayan region continues to face challenges due to unstable slopes, difficult terrain and frequent natural disasters. The Union road transport and highways minister highlighted that multiple measures are being implemented using global best practices and advanced technologies. These include partnerships with institutions such as THDC India Limited, the Geological Survey of India and the National Institute of Rock Mechanics for landslide management, geological studies and tunnel safety. Real-time monitoring systems, early warning tools and improved survey techniques are also being integrated to strengthen long-term infrastructure safety in hilly regions.Read more

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Mumbai constable killed after piling rig collapses at Mankhurd flyover site

04 May 2026

A Mumbai Police constable died after a piling rig collapsed at an under-construction flyover on the Sion–Panvel Highway in Mankhurd. He was riding home after duty when the machine fell onto the road and crushed his motorcycle. Initial findings point to possible instability of the ground and lapses in safety measures at the site. A case has been registered against the contractor and others involved. The incident also caused heavy traffic congestion in the eastern suburbs, raising fresh concerns over on-site safety at infrastructure projects.Read more

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Maharashtra forms panel to review electricity duty and grid support charges on rooftop solar users

04 May 2026

The Thane Small Scale Industries Association (TSSIA) has stated that the Maharashtra government has formed a committee to examine the applicability of electricity duty on rooftop solar (RTS) consumers and the implementation of Grid Support Charges (GSC). The association had raised concerns with the state authorities earlier this week, highlighting that GSC could create an additional financial burden on industrial users and slow down rooftop solar adoption. The newly formed committee will assess issues related to self-consumption, net metering, and duty structures linked to GSC as approved by MERC.Read more

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MMRDA cancels INR 90 crore Vikhroli foot overbridge tender after rigging concerns

04 May 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has scrapped the INR 90 crore tender for a foot overbridge at Vikhroli after allegations of cartelisation and bid rigging were raised by Shiv Sena (UBT) leader Anil Parab. An internal review found irregularities in the bidding process, leading to the cancellation and possible forfeiture of deposits. The issue has also drawn attention to similar concerns in other infrastructure projects handled by the authority. Officials have maintained that the move will not impact the progress of Metro Line 6.Read more

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