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

Pune mayor forms committee to review property tax disparities in merged areas amid resident complaints

Pune News Desk

21 Mar 2026

The Pune Municipal Corporation has constituted a committee to examine property tax-related grievances in areas merged into city limits, following sustained complaints from residents and elected representatives. The decision, taken in the past week under the leadership of Mayor Manjusha Nagpure, comes amid concerns over high tax assessments on residential and commercial properties in recently integrated villages. Residents have argued that the current tax structure does not account for infrastructure gaps and differs significantly from earlier gram panchayat-based systems. The committee will review representations, consult stakeholders, and recommend corrective measures in coordination with the state government. The move follows earlier suspension of tax collection in these areas and reflects ongoing efforts to address disparities in taxation as Pune expands its municipal boundaries.Read more

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Power outage at Mahagun Mywoods exposes billing disputes and single-point supply risks in large housing societies

21 Mar 2026

Residents of Mahagun Mywoods in Greater Noida West faced an 11-hour power outage in the past week after the Noida Power Company Limited (NPCL) disconnected supply over unpaid electricity dues of approximately INR 72 lakh. The disruption affected around 4,800 occupied flats across 27 towers, housing over 15,000 residents. The residential complex operates on a single-point electricity connection, where the developer collects payments from residents and remits dues to the utility. Despite partial payments, outstanding dues led to disconnection, forcing residents to rely on diesel generators. Power was restored later the same day after additional payments and an undertaking by the developer. The incident highlights recurring billing disputes and infrastructure risks in large, developer-managed residential communities.Read more

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Telangana civic bodies issue 1.6 lakh notices to property tax defaulters as recovery drive intensifies

21 Mar 2026

Civic authorities across Telangana, including the Greater Hyderabad Municipal Corporation and other urban local bodies, have issued around 1.6 lakh notices to property tax defaulters in the past fortnight as part of an intensified revenue recovery exercise. The action targets residential and commercial property owners who have not cleared pending dues, with a significant share of assessed properties yet to comply. Authorities have reported substantial outstanding demand running into thousands of crore, prompting stricter enforcement measures. Alongside notices, civic agencies are deploying SMS alerts, appointing enforcement officials, and warning of legal action under municipal laws. The drive also coincides with ongoing settlement schemes offering partial relief on interest, aimed at encouraging voluntary compliance before escalation of recovery proceedings.Read more

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Navi Mumbai civic body keeps property tax centres open on weekends and holidays to boost collections before fiscal year-end

21 Mar 2026

The Navi Mumbai Municipal Corporation (NMMC) has introduced extended payment facilities for property taxpayers by keeping tax collection centres open on weekends and public holidays until the end of the financial year. The move aims to help property owners clear dues before the March-end deadline and support the ongoing property tax collection drive. Civic officials stated that all collection counters at the municipal headquarters and eight ward offices will operate during weekends and notified holidays, offering greater convenience for working residents. The civic body has also encouraged citizens to utilise digital payment options through mobile applications, QR code scanning and online banking platforms. Authorities added that property owners can also benefit from the ongoing Abhay scheme, which offers a concession on penalty charges for overdue tax payments.Read more

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Allahabad high court directs mandatory accessible facilities for persons with disabilities in residential complexes

21 Mar 2026

The Allahabad High Court has directed authorities in Uttar Pradesh to ensure that residential developments incorporate accessible infrastructure for persons with disabilities, reinforcing compliance with statutory provisions. The order, issued in the past week, mandates the inclusion of features such as ramps, lifts, and barrier-free pathways in housing projects across the state. The court emphasised adherence to the Rights of Persons with Disabilities Act, highlighting gaps in implementation within existing and upcoming residential complexes. Authorities, including local development bodies, have been instructed to ensure compliance at both approval and execution stages. The directive places responsibility on developers and planning agencies to integrate accessibility into project design, signalling stricter scrutiny of housing approvals and construction standards in the state.Read more

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Enforcement Directorate restores INR 650 crore worth of properties to over 2,300 homebuyers in SRS Realty projects

20 Mar 2026

The Enforcement Directorate (ED) has restored immovable assets valued at about INR 650 crore to more than 2,300 homebuyers affected by stalled projects of Faridabad-based SRS Group. The restitution, enabled through provisions of the Prevention of Money Laundering Act (PMLA), followed verification of claims submitted by buyers who had invested in various residential and commercial developments. A special PMLA court in Gurugram permitted the restoration after establishing that the claimants were genuine purchasers without links to the alleged offences. The properties include flats and plots across multiple SRS developments in Haryana. The action forms part of an ongoing investigation into alleged financial irregularities and diversion of funds by the developer's promoters, which had left several housing projects incomplete and thousands of buyers in uncertainty.Read more

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NCLT approves Adani Group’s INR 14,535 crore resolution plan for Jaiprakash Associates

20 Mar 2026

The National Company Law Tribunal has approved Adani Enterprises INR 14,535 crore resolution plan for Jaiprakash Associates, allowing the group to take control of the financially stressed company. The decision follows approval from lenders despite objections raised by Vedanta. Jaiprakash Associates, admitted to insolvency after defaulting on loans exceeding INR 50,000 crore, has major real estate and infrastructure assets, especially in Noida and Greater Noida. While the resolution brings clarity to creditors, legal disputes and delayed housing projects, including those affecting thousands of homebuyers, remain key concerns.Read more

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Builder arrested in Nashik for alleged violation of EWS housing quota across multiple residential projects

20 Mar 2026

A developer has been arrested in Nashik in connection with alleged violations of the mandatory Economically Weaker Section (EWS) housing quota across 49 residential projects. The action follows a police investigation into complaints that builders and landowners collectively bypassed the requirement to reserve 20% of project land for EWS housing in developments exceeding 4,000 sq m. Authorities have named around 197 individuals, including developers and landlords, in the case. Investigators have alleged that forged documents were used to fragment land parcels and evade regulatory thresholds. The case, registered earlier this month at Sarkarwada police station, stems from findings of a district-level inquiry into compliance with Maharashtra's housing policies of 2013 and 2017.Read more

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Sambhajinagar residents seek property tax waiver on lines of Mumbai exemption for small homes

Mumbai News Desk

20 Mar 2026

Residents and civic groups in Chhatrapati Sambhajinagar have urged the Maharashtra government to introduce a property tax waiver similar to Mumbai's exemption for smaller residential units. A memorandum submitted in the past week proposes extending tax relief to homes up to 1,000 sq ft, compared to Mumbai's exemption threshold of 700 sq ft. The demand has been led by local citizen groups citing parity across cities governed under similar administrative frameworks. However, municipal officials have raised concerns over the financial viability of such a move, noting that the Chhatrapati Sambhajinagar Municipal Corporation (CSMC) collected about INR 157.7 crore in property tax in FY2024-25, significantly lower than Mumbai's civic revenues. The proposal highlights growing pressure on smaller urban local bodies to balance fiscal sustainability with citizen demands for tax relief.Read more

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Mumbai EOW closes INR 67.5 crore cheating case against Kamala Mills developer citing lack of evidence

Mumbai News Desk

20 Mar 2026

Mumbai Police's Economic Offences Wing (EOW) has closed a cheating case involving approximately INR 67.5 crore against Kamala Mills owner and developer Ramesh Govani, following a detailed investigation into a redevelopment dispute. The closure, reported in the past week, comes after the agency filed a B summary report before a metropolitan magistrate court, citing insufficient evidence to support the allegations. The complaint related to a land redevelopment agreement under which compensation of INR 20 crore along with residential and commercial units had reportedly been promised but not delivered. Investigators found that the agreement between the parties had been mutually cancelled in 2017, a fact not disclosed in the original complaint, leading authorities to conclude that criminal intent could not be established.Read more

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