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

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

cover photo

BMC’s climate budget rises, but allocation for air quality management sees decline

Mumbai News Desk

22 Jun 2026

• The Brihanmumbai Municipal Corporation (BMC) has increased its overall climate-related spending in recent budgets, with climate-linked projects accounting for a significant share of capital expenditure.
• Despite the larger climate budget, allocations specifically earmarked for air quality management have declined compared to the previous fiscal year.
• The shift has sparked concerns among environmental experts and civic observers amid continued scrutiny of Mumbai’s worsening air pollution levels.
• BMC officials maintain that several pollution-control initiatives are being implemented through broader climate and environmental programmes rather than standalone air quality allocations.
Read more

cover photo

Mumbai court denies bail to businessman in INR 1,000 crore Yes Bank-linked fraud case

22 Jun 2026

A Mumbai sessions court has rejected the anticipatory bail plea filed by businessman Sudhir Valia in connection with an alleged INR 1,000 crore financial fraud case linked to former Yes Bank promoter Rana Kapoor and the transfer of mortgaged assets associated with Housing Development and Infrastructure Ltd (HDIL). The case, being investigated by the Mumbai Police Economic Offences Wing (EOW), centres on allegations of illegal transactions involving properties mortgaged to Yes Bank. The court observed that the accusations outlined in the FIR were serious in nature and warranted detailed examination. The decision comes amid an expanding probe into alleged financial irregularities involving asset transfers, banking exposures and related transactions, with enforcement agencies also carrying out searches at multiple premises linked to individuals associated with the investigation.Read more

cover photo

Karnataka High Court seeks comprehensive homestay policy to strengthen tourist safety

22 Jun 2026

The Karnataka High Court has directed the state government to formulate a comprehensive policy governing homestays, citing concerns over tourist safety, regulatory oversight and the rapid growth of unregulated accommodation units across the state. The directive was issued during proceedings related to a case involving the alleged sexual assault of a US tourist at a homestay in Kodagu earlier this year. The court observed that existing legal provisions governing homestay registration do not adequately address several operational and safety aspects, including fire clearances, food safety requirements and local authority approvals. The ruling places renewed focus on the regulation of Karnataka's growing homestay sector, which plays a significant role in the state's tourism economy, particularly in destinations such as Kodagu, Chikkamagaluru and coastal Karnataka.Read more

cover photo

Bihar lifts land transaction restrictions in proposed satellite township areas

22 Jun 2026

The Bihar government has withdrawn restrictions on the sale and transfer of land in areas earmarked for 11 proposed satellite townships across the state, reversing a moratorium imposed earlier this year as part of its township development programme. The decision allows landowners to sell land directly to the Bihar State Housing Board while retaining planning controls intended to guide future urban expansion. The move affects proposed greenfield townships planned around Patna, Gaya, Darbhanga, Muzaffarpur, Bhagalpur, Purnia, Saharsa, Munger, Sonepur, Chhapra and Sitamarhi. The relaxation is expected to facilitate land aggregation for township projects being developed under a land-pooling framework, while enabling authorities to continue preparing master plans for the identified urban growth zones.Read more

cover photo

Gurugram begins demolition drive against illegal structures along Galleria Road

Gurugram News Desk

22 Jun 2026

Authorities in Gurugram have launched a large-scale demolition drive against unauthorised commercial structures and encroachments in the Chakkarpur area near Galleria Road following directions linked to Supreme Court proceedings. The enforcement action, led by the Department of Town and Country Planning (DTCP), targeted illegal constructions operating in violation of approved land-use norms. During the initial phase of the exercise, multiple structures were removed with police support as officials sought to clear unauthorised commercial activity from one of the city's prominent mixed-use corridors. The drive forms part of a broader enforcement campaign underway across Gurugram to address illegal developments, reclaim public spaces and ensure compliance with planning regulations in licensed colonies and commercial zones.Read more

cover photo

PMRDA has been asked to fast-track its structure plan to revive stalled development approvals

Pune News Desk

22 Jun 2026

• Maharashtra's Urban Development Department has directed PMRDA to prepare and implement its structure plan within the next 12–18 months.
• The move is aimed at resolving delays in development permissions that emerged after the earlier Development Plan process was scrapped.
• The proposed structure plan will provide a framework for land use, infrastructure planning and future growth across the Pune Metropolitan Region.
• Authorities expect the exercise to unlock pending approvals, improve planning certainty and support long-term urban expansion in the rapidly growing region.
Read more

cover photo

Delhi’s new slum redevelopment policy could transform housing for nearly 4 lakh families

22 Jun 2026

• Delhi has approved the Delhi Slum and JJ Cluster Rehabilitation and Resettlement Policy, 2026, creating a framework for large-scale redevelopment of JJ clusters across the city.
• Five JJ clusters have been identified for the first phase, while planning and tender preparations are underway for 50 additional clusters.
• The rehabilitation programme will be implemented through a public-private partnership (PPP) model to accelerate housing delivery and infrastructure development.
• The eligibility cut-off date has been extended to January 1, 2025, expanding the number of families that can benefit from rehabilitation.
• The policy aims to provide formal housing along with schools, healthcare facilities, anganwadis and other community infrastructure for nearly four lakh families.
Read more

cover photo

Real estate and infrastructure industry leaders laud Modi’s tenure as longest-serving Prime Minister

21 Jun 2026

Leaders from India’s real estate, infrastructure and urban development sectors have congratulated Prime Minister Narendra Modi on becoming the country’s longest-serving leader, citing a decade of policy reforms, infrastructure expansion and governance initiatives that have influenced economic and urban development. Industry representatives highlighted measures such as the Real Estate (Regulation and Development) Act (RERA), Pradhan Mantri Awas Yojana (PMAY), Goods and Services Tax (GST) reforms, Smart Cities Mission and large-scale investments in transportation and urban infrastructure. They noted that these initiatives have improved transparency, strengthened investor confidence and supported growth across the real estate and construction sectors. Industry stakeholders also emphasised the importance of policy continuity and infrastructure-led development in sustaining India’s economic momentum.Read more

cover photo

APCRDA engages with farmers in Nowlur Gram Sabha amid Amaravati land pooling efforts

20 Jun 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) held a Gram Sabha in Nowlur village as part of the ongoing land acquisition process for Amaravati's development. Senior APCRDA officials interacted with farmers and residents, explaining the progress of land pooling, infrastructure development and acquisition procedures. Authorities informed landowners that those included in the acquisition notification still have an opportunity to voluntarily join the Land Pooling Scheme within the prescribed period. APCRDA also assured villagers that concerns related to land, development and civic infrastructure would be examined in line with government policies and planning objectives.Read more

cover photo