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 to generate revenue by selling treated wastewater for non-potable use

Mumbai News Desk

31 Mar 2026

The Brihanmumbai Municipal Corporation has approved selling treated wastewater from its Colaba Sewage Treatment Plant to private entities, creating a new revenue stream and conserving freshwater. About 3 million litres per day will be supplied at a concessional rate to projects including construction and landscaping. The plant has a total capacity of 37 MLD, with tertiary treatment for 10 MLD. While some civic members prefer using treated water for municipal purposes like cleaning and watering gardens, the move highlights a growing focus on resource efficiency and partial cost recovery for STP operations.Read more

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GLADA demolishes 13 unauthorised buildings and dismantles illegal colonies in Ludhiana enforcement drive

31 Mar 2026

The Greater Ludhiana Area Development Authority (GLADA) has undertaken an enforcement drive in Ludhiana, demolishing 13 unauthorised buildings and removing infrastructure across three illegal housing colonies in Dhandra, Manakwal and Mehmoodpura. The action followed repeated violations by developers who continued construction despite statutory notices. Authorities have reiterated that such colonies lack regulatory approvals and will not be provided civic services, including water, sewerage and electricity. The drive forms part of a wider crackdown on unplanned urban development and aims to deter unauthorised plotting activity. GLADA has also cautioned buyers against investing in unapproved layouts and indicated that further enforcement and legal proceedings against errant developers are underway.Read more

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Mumbai court directs criminal proceedings against senior ACB officers in INR 14,000 crore MHADA case

Mumbai News Desk

31 Mar 2026

A sessions court in Mumbai overturned a magistrate's earlier dismissal and directed criminal proceedings against senior Maharashtra Anti-Corruption Bureau (ACB) officers, including retired officials, for failing to register an FIR in a major MHADA case worth INR 14,000 crore. The complaint, filed by activist Kamlakar Shenoy, alleged that officers deliberately delayed action and avoided legal duties, appearing to protect MHADA officials involved in the irregularities. The court emphasized that neglect of statutory duties by public servants can amount to a criminal offence and ordered proper recording of evidence and issuance of process against the accused.Read more

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Call for stricter RERA and insolvency laws to protect homebuyers

31 Mar 2026

A BJP MP has raised concerns in the Rajya Sabha over delays and gaps in the implementation of real estate and insolvency laws, especially in Uttar Pradesh. He highlighted that thousands of homebuyers are still waiting for possession despite investing their life savings. Builders, in many cases, have avoided accountability by declaring insolvency. Issues such as incomplete projects, pending government dues, and delays in case resolution under RERA were also flagged. The MP has urged the government to amend existing laws, ensure stricter enforcement, and create a time-bound system so that affected homebuyers can receive justice.Read more

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Delhi allocates INR 80 crore for civic upgrades in SC/ST colonies

31 Mar 2026

The Delhi government has allocated INR 80 crore under a dedicated scheme to improve infrastructure in SC/ST colonies across the city. The plan focuses on basic civic upgrades such as roads, drainage, sewer systems, water supply, and street lighting. Development work has already begun in areas like Shahbad Dairy and adjoining stretches to improve connectivity and daily living conditions. The initiative is part of a broader push to address infrastructure gaps in underserved localities while ensuring time-bound execution and quality standards in project delivery.Read more

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Centre proposes removal of imprisonment clause for homebuyers under RERA appellate tribunal compliance

31 Mar 2026

The Union government has proposed an amendment to the Real Estate (Regulation and Development) Act, 2016, removing the provision of up to one-year imprisonment for homebuyers who fail to comply with orders of the Real Estate Appellate Tribunal. Introduced through the Jan Vishwas (Amendment of Provisions) Bill, 2026 by Jitin Prasada, the change seeks to replace criminal penalties with financial penalties of up to 10 per cent of the property cost. The proposal aims to rationalise compliance provisions for allottees while retaining enforcement through monetary penalties. The amendment is part of broader efforts to improve ease of doing business and reduce criminal liabilities in regulatory frameworks.Read more

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Pune civic body restricts construction activity to 14 hours daily amid rising pollution concerns

Pune News Desk

31 Mar 2026

The Pune Municipal Corporation (PMC) has limited construction and excavation activities across the city to a 14-hour window, permitting work only between 7 am and 9 pm. The directive follows a rise in complaints from residents regarding noise and air pollution linked to ongoing construction projects. Authorities have stated that violations could attract enforcement action, including stop-work orders. The move is positioned as a response to public health concerns and aims to regulate construction-related disturbances in a city witnessing steady real estate activity. The decision also places additional compliance responsibilities on developers and contractors, particularly as Pune continues to expand into newly merged areas under PMC jurisdiction.Read more

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Maharashtra decentralises land regularisation powers, enabling local authorities to handle 90% of cases

31 Mar 2026

The Maharashtra Legislative Assembly has approved an amendment to the Maharashtra Land Revenue Code, enabling district collectors and divisional commissioners to handle nearly 90% of land-use violation regularisation cases. Introduced by Revenue Minister Chandrashekhar Bawankule, the reform shifts decision-making from the state secretariat to local authorities, reducing administrative delays and procedural bottlenecks. The amendment introduces a statutory framework, including new provisions such as Section 37A, to replace earlier reliance on government resolutions that often led to legal ambiguity and prolonged litigation. Only high-value or complex cases will continue to be processed at the state level. The move is expected to streamline land governance, improve ease of doing business, and provide faster resolution for individuals and businesses dealing with land-use compliance issues.Read more

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Ludhiana Improvement Trust’s Atal apartment scheme draws over 1,500 applicants for remaining flats ahead of allotment draw

Ludhiana News Desk

31 Mar 2026

The Ludhiana Improvement Trust (LIT) has received more than 1,500 applications for the allotment of 179 remaining flats under its Atal Apartment Scheme, reflecting renewed interest in the long-pending housing project. The applications include demand across both middle-income and high-income categories, with the draw of lots scheduled for mid-April. The scheme, located at Shaheed Karnail Singh Nagar on Pakhowal Road, is currently under construction and is expected to be completed later this year. Officials attribute the response to visible construction progress and comparatively lower pricing against nearby private developments. The project forms LIT's only active housing scheme and is being closely monitored following earlier delays in execution and delivery timelines.Read more

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UP RERA introduces relief for buyers in unregistered projects and caps transfer charges

31 Mar 2026

The Uttar Pradesh Real Estate Regulatory Authority has notified its 10th amendment to the General Regulations, 2019, bringing changes focused on homebuyer protection. The update allows buyers in unregistered projects to file complaints and seek relief, addressing a long-standing gap. It also caps charges on transfer and succession of property, especially easing the process for family members. These measures aim to improve transparency, streamline dispute resolution, and reduce financial burden on buyers. The move builds on earlier regulatory efforts to strengthen accountability in the real estate sector and ensure better consumer safeguards.Read more

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