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

Fire in Lucknow commercial building claims 15 lives, majority victims were students

Lucknow News Desk

23 Jun 2026

• A major fire broke out in a three-storey commercial building in the Aliganj area of Lucknow, Uttar Pradesh, resulting in at least 15 deaths and several injuries.
• Most of the victims were students and trainees associated with an animation and coaching centre operating inside the premises.
• The blaze is believed to have originated in the building and spread rapidly, trapping occupants inside and triggering panic evacuation attempts.
• Preliminary accounts suggest issues related to building usage and fire safety compliance may become part of the investigation into the incident.
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Jamshedpur hands over 322 PMAY homes at Birsanagar affordable housing project

23 Jun 2026

A total of 322 beneficiaries in Jamshedpur have received keys to newly constructed homes under the Pradhan Mantri Awas Yojana (Urban) as part of the Birsanagar Affordable Housing Project. The handover took place in the past week, with Jharkhand’s Urban Development and Housing Department overseeing the initiative. The project comprises 644 housing units developed across two residential blocks, with the first batch of allottees taking possession of their homes. The scheme is aimed at providing formal housing to economically weaker sections and low-income households in the city. The development forms part of the Centre’s PMAY (Urban) programme, which seeks to expand affordable housing availability through government-supported residential projects across urban India.Read more

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Goa to launch ‘Mhajo Flat’ scheme within 15 days to address apartment ownership issues

Goa News Desk

23 Jun 2026

• The Goa government is set to introduce the ‘Mhajo Flat’ scheme within the next 15 days to help apartment owners secure legal rights over their properties and common areas.
• The initiative is aimed at resolving long-pending issues arising from incomplete conveyance of land and buildings by developers to housing societies.
• The scheme is expected to benefit thousands of flat owners facing difficulties in establishing ownership of shared spaces and underlying land parcels.
• The move forms part of the state's wider efforts to streamline housing-related matters and provide greater legal clarity to residential property owners.
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Apac Realty says claimants have withdrawn lawsuit against ERA Realty Network

23 Jun 2026

Apac Realty Ltd has informed investors that the lawsuit filed against its subsidiary, ERA Realty Network Pte. Ltd., has been withdrawn by the claimants. The company stated that the legal action has been discontinued, bringing the matter to a close. While limited details regarding the nature of the dispute were disclosed, the update removes an ongoing legal overhang for the real estate services group. Apac Realty, which operates one of Singapore’s largest real estate agency networks through ERA, continues to focus on its core brokerage and property-related businesses.Read more

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Tamil Nadu revokes environmental clearance for Brigade’s INR 2,000 crore housing project near Pallikaranai

Chennai News Desk

23 Jun 2026

• The Tamil Nadu government has revoked the environmental clearance granted to a proposed INR 2,000 crore residential project by Brigade Group near the Pallikaranai marshland in Chennai.
• The decision follows concerns raised over the project’s proximity to the ecologically sensitive wetland and alleged deficiencies in the environmental appraisal process.
• The development, planned on a large land parcel in Pallikaranai, had received environmental approval before facing legal and regulatory scrutiny.
• The revocation is expected to halt project progress until fresh regulatory approvals and environmental assessments are undertaken.
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Bihar housing minister directs faster disposal of RERA cases, calls for greater transparency in real estate sector

23 Jun 2026

The Bihar government has directed authorities to expedite the resolution of pending cases before the Bihar Real Estate Regulatory Authority (RERA) and strengthen transparency across the real estate sector. During a review meeting with officials and stakeholders, Housing Minister Jibesh Kumar emphasised the need for quicker grievance redressal, stricter compliance by developers and improved protection for homebuyers. The government also stressed the importance of ensuring timely project delivery and greater accountability within the state's rapidly growing real estate market.Read more

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Telangana’s Raidurg land auction faces legal challenge as SBI asserts ownership claim

23 Jun 2026

• A proposed government auction of a five-acre land parcel in Raidurg, Hyderabad, has come under legal scrutiny after the State Bank of India (SBI) claimed ownership rights over the property.
• SBI has approached the Telangana High Court challenging the state's decision to include the land in a public auction programme.
• The bank contends that the parcel was allotted to it decades ago and remains under its ownership, while the state government maintains that the land reverted to government control after allotment conditions were not fulfilled.
• The High Court has granted interim relief, temporarily halting the auction process pending further hearings.
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Karnataka High Court upholds Premium FAR policy, rejects comparison with Akrama-Sakrama scheme

22 Jun 2026

• The Karnataka High Court has upheld the state's Premium Floor Area Ratio (FAR) framework, dismissing challenges that questioned its constitutional validity.
• The court ruled that the policy cannot be equated with the controversial Akrama-Sakrama regularisation scheme, which dealt with unauthorised constructions.
• Judges observed that the Premium FAR mechanism allows additional development rights through a statutory process and payment of prescribed charges before construction.
• The decision provides legal backing to a planning tool widely used in Bengaluru and other urban areas to optimise land use and support infrastructure-led growth.
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BMC and Customs Department have joined hands to restore Mumbai’s historic Mahim Fort

22 Jun 2026

• The Brihanmumbai Municipal Corporation (BMC) and the Customs Department have signed an MoU to undertake the restoration and conservation of Mahim Fort.
• The initiative aims to preserve one of Mumbai’s important coastal heritage structures while improving public access and visitor infrastructure.
• Restoration activities will focus on structural conservation, environmental improvement and protection of the fort’s historical character.
• The collaboration reflects a broader push towards safeguarding Mumbai’s neglected heritage assets through coordinated institutional efforts.
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BMC clears INR 1,000 crore aid for BEST amid fiscal stress and reform-linked conditions

Mumbai News Desk

22 Jun 2026

The Brihanmumbai Municipal Corporation (BMC) has approved INR 1,000 crore financial assistance for the Brihanmumbai Electric Supply and Transport Undertaking (BEST), providing crucial support to the cash-strapped public transport operator in Mumbai. The decision follows months of deliberation within the civic administration, during which the grant was initially debated, partially deferred, and later reconsidered due to operational and safety concerns linked to BEST’s financial position. While BEST had sought a significantly higher support package of around INR 4,000 crore to stabilise operations and meet rising liabilities, the civic body has opted for a reduced allocation tied to governance and structural reform expectations.Read more

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