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

Belagavi civic body steps up crackdown on illegal constructions, raises process concerns

02 May 2026

The Belagavi City Corporation has intensified action against unauthorised constructions, including partial demolition of a multi-storey building in Maruti Galli. The move reflects a stricter enforcement approach but has also raised concerns over lack of prior notice and procedural clarity. Reports suggest some illegal structures had earlier received approvals such as completion certificates and property identification numbers, pointing to administrative lapses. The crackdown follows earlier probes into building violations and irregular approvals, bringing attention to gaps in monitoring, coordination, and accountability within the city’s planning and enforcement system.Read more

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Mumbai Taximens society redevelopment faces dispute over Syba Spaces selection

Mumbai News Desk

01 May 2026

A redevelopment proposal at the Bombay Taximen’s Cooperative Housing Society in Kurla, Mumbai, has triggered internal conflict among residents following the selection of Syba Spaces as the developer. The 8.5-acre housing complex near Bandra-Kurla Complex includes over 650 residential units and commercial spaces. Allegations of lack of transparency, quorum issues, and procedural violations during the special general meeting have been raised by dissenting members. The dispute highlights governance challenges in large-scale housing society redevelopments in Mumbai’s prime urban locations.Read more

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RERA rulings enable Bengaluru allottees to seek compensation from BDA for project delays

Bangalore News Desk

01 May 2026

Recent rulings by the Karnataka Real Estate Regulatory Authority (K-RERA) and appellate tribunal have enabled homebuyers in Bengaluru to seek compensation from the Bangalore Development Authority (BDA) for delays and lack of basic infrastructure. By classifying BDA as a ‘promoter’ under the Real Estate Act, regulators have extended accountability norms traditionally applied to private developers. Orders directing compensation payments for delayed amenities have created a precedent, potentially opening the door for a large number of allottees to file similar claims, particularly in long-delayed layout projects such as Nadaprabhu Kempegowda Layout.Read more

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Gaya imposes ban on construction and land transactions in select areas till 2027

01 May 2026

Authorities in Gaya have enforced a temporary ban on construction activities and land transactions in designated areas as part of a planned township development strategy. The restrictions, applicable until 2027, aim to prevent unregulated development and streamline land use planning for future urban expansion. The move is intended to facilitate structured infrastructure development while avoiding legal and ownership complications during project execution. The decision reflects a broader approach towards planned urbanisation in emerging cities, where authorities are seeking to align land use with long-term development frameworks.Read more

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FIR filed against six officials in Beed over INR 4.2 crore PMAY fund irregularities

01 May 2026

Authorities have registered an FIR against six officials of the Kej Nagar Panchayat in Beed district, Maharashtra, in connection with alleged irregularities involving INR 4.2 crore under the Pradhan Mantri Awas Yojana (PMAY). The case pertains to suspected misuse and diversion of housing scheme funds meant for beneficiaries. The action follows a preliminary investigation that flagged discrepancies in fund utilisation and beneficiary records. The development highlights governance and compliance concerns in the implementation of affordable housing schemes at the local level.Read more

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RBI launches Mission SAKSHAM to strengthen governance and operational capacity in urban cooperative banks

01 May 2026

The Reserve Bank of India has launched Mission SAKSHAM, a capacity-building initiative aimed at strengthening the urban cooperative banking (UCB) sector. The programme will cover around 1.40 lakh participants across board members, senior management, and key functional roles through structured training modules. Designed in consultation with sector bodies, the initiative seeks to improve governance standards, compliance culture, and operational resilience. The move comes amid ongoing regulatory efforts to stabilise and modernise the UCB segment, which plays a key role in credit delivery across urban and semi-urban markets, including real estate-linked lending.Read more

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Telangana to increase property registration values from May, HILT policy revived

01 May 2026

The Telangana government is set to increase property registration values from the first week of May after holding rates steady for about a year due to weak market conditions. The revision aims to align government values with actual market prices and improve state revenue. At the same time, the government is reviving the Hyderabad Industrial Land Transformation (HILT) policy to enable conversion of industrial land through a structured process. While the move may raise transaction costs for buyers, it is expected to improve transparency and support better land utilisation across urban and industrial areas.Read more

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NHAI mandates staggered work hours and safety protocols for highway workers amid heatwave conditions

01 May 2026

The National Highways Authority of India (NHAI) has issued directives to contractors and concessionaires to implement staggered working hours for highway construction workers to avoid peak heat periods between midday and late afternoon. The guidelines, released in the past week, introduce mandatory safety protocols across construction sites, maintenance operations, and toll plazas. Measures include worker acclimatisation, emergency preparedness, and training to handle heat-related illnesses. The move follows rising temperatures across the country and aims to safeguard labourers and highway personnel while maintaining operational continuity across national highway projects.Read more

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Bombay High Court permits housing society to appoint new developer after long delay

Mumbai News Desk

01 May 2026

The Bombay High Court has allowed a Wadala-based housing society to appoint a new developer after its redevelopment project remained stalled for several years. The court rejected the original developer’s plea to stop the move, observing that there was no meaningful progress despite being appointed long ago. The project involves 46 buildings and nearly 900 occupants. The court emphasised that residents cannot be made to wait indefinitely for redevelopment, especially in ageing structures, and said their right to timely and safe housing must take priority over a developer’s commercial interests.Read more

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Loliem villagers oppose proposed multi-dwelling projects, raise environmental and planning concerns

01 May 2026

Residents of Loliem in Goa have opposed a proposed multi-dwelling residential development, raising concerns over its scale, environmental impact, and implications for local infrastructure. The resistance was formalised through a gram sabha resolution passed recently, where villagers rejected a proposal involving multiple housing units, including a villa-based development. While the project has reportedly secured technical clearances, residents have asserted local authority over land-use decisions. The opposition reflects broader tensions in Goa’s coastal and peri-urban regions, where increasing development activity is being contested on grounds of ecological sensitivity, carrying capacity, and preservation of traditional village character.Read more

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