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

Delhi to start property regularisation process in unauthorised colonies

27 Apr 2026

Delhi is set to begin the regularisation of properties in unauthorised colonies from April 24 under the PM-UDAY scheme, covering 1,511 colonies. The revised framework removes earlier requirements such as approved layout plans and adopts an as-is, where-is approach to speed up approvals. A defined processing timeline has also been introduced to improve efficiency. The move is expected to benefit a large number of residents by granting legal ownership rights and enabling access to basic services, while also supporting better planning and integration of these colonies into the formal urban system.Read more

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OREAT allows panchayat plea in BDA housing dispute on jurisdiction issue

27 Apr 2026

The Odisha Real Estate Appellate Tribunal (OREAT) has allowed Kantabada Gram Panchayat to challenge a housing project approved by the Bhubaneswar Development Authority (BDA), widening the interpretation of who can file complaints under RERA. The tribunal held that a panchayat qualifies as an ‘aggrieved person’, overturning an earlier rejection by the state regulator. The dispute relates to a 26-unit residential project in a rural area, where the panchayat has contested BDA’s authority to grant approvals. The case highlights jurisdictional conflicts between local self-government bodies and urban development authorities, with implications for planning control, land use governance and project approvals in peri-urban regions.Read more

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Delhi plans smart cards and digital cess system for construction workers

27 Apr 2026

The Delhi government is preparing to roll out chip-enabled smart cards and a digital cess management portal to improve welfare delivery for construction workers. The initiative aims to simplify registration, reduce duplication, and ensure direct access to benefits such as healthcare, pensions, and education support. It will also strengthen cess collection from developers, which funds these schemes. With about 2.62 lakh active workers and a larger pool of applicants, the move is expected to improve transparency, plug leakages, and expand coverage, especially for migrant and unregistered workers.Read more

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RBI imposes INR 80,000 penalty on Muthoot Housing Finance over fair practice code non-compliance

27 Apr 2026

The Reserve Bank of India has imposed a monetary penalty of INR 80,000 on Muthoot Housing Finance Company Limited for non-compliance with Fair Practice Code directions. The action followed a statutory inspection conducted by the National Housing Bank with reference to the company’s financial position as on March 31, 2025. After reviewing supervisory findings, issuing a show-cause notice, and considering the company’s response and hearing submissions, RBI confirmed that the lender failed to disclose its risk grading approach and justification for different interest rates in loan documentation, leading to regulatory action.Read more

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Mumbai court grants bail in redevelopment fraud case

27 Apr 2026

A Mumbai sessions court has granted anticipatory bail to builder Sumit Jain in a redevelopment-related fraud case linked to a project in Lalbaug. The case stems from allegations of cheating involving flat bookings made over a decade ago, where the complainant claimed non-delivery of promised units. The court noted the presence of a civil dispute element in the matter and held that custodial interrogation was not required at this stage. The order provides interim protection from arrest while the investigation continues. The case highlights ongoing legal scrutiny in redevelopment projects, where disputes over delivery timelines, agreements and financial commitments often lead to criminal complaints alongside civil proceedings.Read more

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Maharashtra clears INR 2.56 lakh crore projects to boost jobs and industrial growth

27 Apr 2026

The Maharashtra government has approved 18 large-scale projects with a total investment of INR 2.56 lakh crore, expected to generate over one lakh jobs. The projects span sectors such as green energy, electric vehicles, electronics, and defence manufacturing. Cleared by a cabinet sub-committee led by Chief Minister Devendra Fadnavis, the initiative focuses on expanding industrial activity across regions including Vidarbha, Marathwada, and Konkan. The move is part of the state’s continued efforts to attract investments, improve manufacturing capacity, and support balanced regional development.Read more

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Ghaziabad forum orders INR 7 lakh refund on delay

27 Apr 2026

A consumer forum in Ghaziabad has directed a group of builders to refund INR 7 lakh to a homebuyer after delays in handing over a residential unit. The order follows a complaint citing prolonged non-delivery beyond the agreed possession timeline. The forum held the developers accountable for deficiency in service, reinforcing legal protections available to homebuyers in delayed projects. The ruling adds to a series of recent decisions by consumer courts and regulatory authorities emphasising timely delivery obligations in the real estate sector. It highlights the continued use of legal recourse by buyers amid project delays and strengthens enforcement of contractual commitments by developers.Read more

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Mumbai gaothan residents seek INR 300 crore fund, MHADA status for ageing homes

27 Apr 2026

Residents of Mumbai’s gaothan settlements have sought a dedicated INR 300 crore development fund and classification of their homes under MHADA to address long-standing infrastructure gaps and repair needs. The Mumbai Gaothan Panchayat has raised concerns over decades of limited civic funding, highlighting that only 52 of the city’s 189 recognised gaothans are included in the Development Plan 2034. The demand includes access to institutional funding for structural repairs, improved civic infrastructure, and a fast-tracked approval mechanism. Residents argue that current heritage-linked restrictions and lack of financial support have made maintenance of ageing homes increasingly difficult, raising concerns around safety, liveability, and potential displacement.Read more

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Indore demolishes 12 illegal houses, reclaims INR 30 crore government land in Khajrana

27 Apr 2026

The Indore district administration has demolished 12 illegally constructed houses in Khajrana, reclaiming government land valued at around INR 30 crore. The action, carried out earlier this week, covered approximately 30,000 sq ft of encroached land and forms part of an ongoing crackdown on unauthorised occupation of public land. The operation was executed under the direction of the district collector, with support from police and revenue officials to ensure smooth enforcement. Authorities indicated that similar drives will continue across the city to address land encroachments and deter illegal construction activity. The move reflects a broader administrative push to secure public land assets and strengthen regulatory enforcement in urban areas.Read more

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Allahabad HC stays UP housing land acquisition on compensation gap

27 Apr 2026

The Allahabad High Court has stayed land acquisition proceedings for multiple schemes of the Uttar Pradesh Awas Evam Vikas Parishad in Ayodhya, citing concerns over compensation disparities. The court intervened after petitions challenged the use of provisions under the 1965 Act, arguing that landowners would receive lower compensation compared to the Right to Fair Compensation and Transparency in Land Acquisition Act, 2013. A division bench directed authorities to maintain status quo and flagged the need to align benefits with more favourable legal provisions. The matter, involving 11 petitions, highlights ongoing legal scrutiny of land acquisition frameworks and their implications for housing schemes and landowners in Uttar Pradesh.Read more

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