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

MCD intensifies action against unauthorised construction in Delhi, 22 structures demolished in 2025

05 Jun 2026

• MCD intensified action against unauthorised construction across Delhi during 2025.
• Around 4,766 illegal or non-compliant constructions were officially booked by the civic body.
• Authorities issued nearly 3,989 demolition orders under the Delhi Municipal Corporation Act.
• Enforcement actions were carried out on 3,294 properties, including demolitions and sealing drives.
• The drive reflects tighter monitoring of building violations amid rising concerns over structural safety in urban areas.
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Rajasthan Revises Building Rules to Strengthen Fire Safety and Structural Compliance

05 Jun 2026

• Rajasthan has amended provisions under its building regulations to align construction approvals with updated fire safety directives issued by the state government.
• The changes mandate greater adherence to relevant Indian Standard (IS) codes covering fire protection, structural safety, water services, sanitation, lightning protection and earthquake-resistant construction.
• Developers, architects and structural engineers will now be required to provide enhanced compliance certifications and undertakings during approval and occupancy processes.
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Uttarakhand High Court extends interim protection on demolitions linked to road widening and slum clearance in Haldwani and Dehradun

05 Jun 2026

• The Uttarakhand High Court has extended its interim stay on demolition drives affecting private properties in Haldwani linked to a road widening and urban beautification project.
• The court has also continued protection against demolition of slum settlements in Dehradun amid concerns raised over rehabilitation and due process.
• The matter involves petitions challenging state-led eviction and removal actions undertaken for infrastructure expansion and civic redevelopment works.
• The hearings have brought into focus the balance between urban infrastructure development and safeguarding housing rights of affected residents.
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Lucknow housing alert: LDA reopens premium flat bookings in Basant Kunj project—check prices, details

05 Jun 2026

• Lucknow Development Authority has reopened bookings for premium flats in its Basant Kunj housing project after closing earlier registrations.
• The scheme offers 3 BHK and 3 BHK with servant quarter units under a lottery-based allotment system.
• Around 364 flats are part of the Park View Apartments project, spread across four towers with up to 20 floors.
• Prices are fixed at about INR 74.59 lakh for 3 BHK and INR 94.92 lakh for larger units.
• Payments are structured with instalments and regulated under UP RERA guidelines.
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Chandigarh civic body records INR 61 crore property tax during rebate window

05 Jun 2026

The Chandigarh Municipal Corporation has collected a record INR 61 crore in property tax during its annual rebate window, marking the highest-ever revenue generated in this period. The strong collection was driven by timely payments from residential and commercial property owners who availed rebate benefits offered under the city’s tax scheme. The surge reflects improved compliance and efficient tax recovery during the April–May rebate cycle, which is a key revenue mobilisation period for the civic body ahead of penalties coming into effect after the deadline.Read more

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Delhi residents seek mandatory fire safety SOPs after series of fatal blazes raise concerns over residential building safety

05 Jun 2026

Residents’ welfare associations (RWAs) across Delhi have called for comprehensive fire safety standard operating procedures (SOPs) for residential buildings following a series of fatal fire incidents in the capital. The demand comes after recent tragedies in Vivek Vihar, Palam and Hauz Khas highlighted concerns over inadequate fire preparedness, obstructed escape routes, electrical safety lapses and the absence of uniform guidelines for residential properties. Resident groups have urged authorities to introduce clear protocols covering emergency evacuation, building maintenance, fire audits and compliance monitoring. The issue has gained prominence as rising temperatures and increased use of electrical appliances have heightened concerns about fire risks in homes and apartment complexes across the city.Read more

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Sebi cancels registrations of five alternative investment funds over reporting violations

05 Jun 2026

• The Securities and Exchange Board of India (Sebi) has cancelled the registrations of five Alternative Investment Funds (AIFs) for failing to comply with mandatory reporting requirements.
• The affected entities are Exponential Innovation Fund, Florintree India Flexi Advantage Trust, Prime Realty Capital, Rudrabhishek Infrastructure Trust and Victory Investment Fund.
• The funds did not submit Quarterly Activity Reports (QARs) for all four quarters of 2025 despite regulatory obligations.
• Sebi initiated summary proceedings and issued show-cause notices in April 2026 after identifying repeated non-compliance.
• The regulator concluded that the violations were established and ordered immediate cancellation of registrations under applicable regulations.
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Andhra Pradesh approves AI-powered traffic management project worth INR 99.19 crore for Visakhapatnam

05 Jun 2026

• The Andhra Pradesh government has sanctioned an AI-enabled traffic management initiative, Project SARTHI, for Visakhapatnam at an estimated cost of INR 99.19 crore.
• The project aims to improve traffic regulation, road safety and incident response through advanced surveillance and intelligent transport technologies.
• The system will integrate artificial intelligence, automated traffic monitoring, command-and-control infrastructure and real-time enforcement mechanisms across the city.
• The initiative forms part of broader efforts to strengthen urban mobility infrastructure in Visakhapatnam amid rising traffic volumes and growing urbanisation.
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NGT orders joint committee inspection of alleged illegal brick kiln in Balasore district

05 Jun 2026

The National Green Tribunal's Eastern Zone Bench, Kolkata, on 26 May 2026 admitted a petition alleging the illegal operation of a brick kiln and unauthorised clay mining in Village Ambakuduchi, Tahasil Basta, District Balasore, Odisha. The applicant, Rajanikanta Jena, contends the unit operates without environmental clearance or pollution board consent, causing serious harm to local residents. The bench has constituted a joint committee comprising the CPCB, OSPCB, and the District Magistrate, Balasore, to inspect the site and submit a report within one month. The matter is next listed on 23 July 2026.Read more

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Religare ex-chairperson Rashmi Saluja summoned in INR 179.54 crore ESOP money laundering case, court calls offence serious

04 Jun 2026

Rashmi Saluja, former executive chairperson of Religare Enterprises Ltd, along with four others, has been summoned by a special PMLA court in connection with a money laundering case linked to Employee Stock Option Plans. The Enforcement Directorate’s complaint alleges a conspiracy involving bribery and filing of a bogus FIR to block the Burman family from taking control of the company. The court observed that the offence is serious, involving public fund losses and financial instability concerns. All accused have been directed to appear on June 11, while the alleged proceeds of crime are estimated at INR 179.54 crore.Read more

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