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

Kolhapur civic action committee flags gaps in draft third development plan, raises concerns over land reservations and urban infrastructure provisions

12 Apr 2026

Members of the Kolhapur City Civic Action Committee have raised objections to the draft third development plan prepared for the Kolhapur Municipal Corporation, citing a narrow focus on land reservations and inadequate attention to the city's growing infrastructure needs. The concerns were presented during a meeting with officials from the town planning department in the past week. The committee highlighted that the draft fails to address rising population pressures, increased vehicular traffic, and flood-prone zones, while civic amenities such as gardens, schools, and open spaces remain insufficient. It also pointed out that the city's administrative area has remained unchanged at 66.82 sq km for decades. The group has urged planners to revise the draft to ensure compliance with statutory requirements and align it with current urban realities.Read more

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Gujarat RERA imposes INR 3.5 crore penalties on builders for bank account rule violations

12 Apr 2026

Gujarat Real Estate Regulatory Authority (GujRERA) has taken strict action against real estate developers for violating rules related to RERA-mandated project bank accounts. The regulator imposed penalties totalling INR 3.5 crore after identifying irregularities in the handling of homebuyer funds. The violations included failure to deposit the required portion of collections into designated accounts and excess withdrawals beyond permitted limits. The action followed suo motu proceedings in eight cases, with fines ranging between INR 95 lakh and INR 2 crore. The move reflects tighter monitoring of financial compliance in real estate projects.Read more

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Delhi RWAs warn of rising chaos as mixed-use push under TOD policy impacts residential areas

Delhi News Desk

12 Apr 2026

Resident Welfare Associations (RWAs) in Delhi have raised concerns about the growing implementation of mixed-use development under the Transit-Oriented Development (TOD) policy. While the policy is aimed at improving housing supply and optimising land use near metro corridors, residents say it is already putting pressure on infrastructure and changing the character of residential areas. They have flagged gaps in implementation, lack of monitoring, and increasing commercial activity in housing zones. The concerns come as the government expands TOD norms to encourage higher density development and faster urban redevelopment.Read more

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Navi Mumbai civic body approves INR 6,904.43 crore budget for FY27 with focus on infrastructure and public services without tax increase

12 Apr 2026

The Navi Mumbai Municipal Corporation (NMMC) has approved a budget of INR 6,904.43 crore for FY2026-27, following deliberations in its general body meeting held in the past week. The budget, cleared under Section 100 of the Maharashtra Municipal Corporation Act, includes a revised estimate of INR 5,830.82 crore for FY2025-26 and incorporates an increase of INR 200 crore in the opening balance. The final expenditure for FY2026-27 has been set at INR 6,889.43 crore, leaving a closing balance of INR 15 crore. Civic officials stated that the budget prioritises urban infrastructure, sanitation, healthcare, education and welfare schemes, while avoiding any tax increase. The administration has also outlined measures to improve revenue collection, particularly through property tax and water charges, alongside expanding digital governance services.Read more

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Ahmedabad civic body shifts parking responsibility to property owners under revised regulations

12 Apr 2026

The Ahmedabad Municipal Corporation (AMC) has introduced revised parking regulations placing direct responsibility on property owners to manage vehicle parking within their premises across the city. Under the new framework, owners of residential and commercial buildings must ensure that vehicles belonging to occupants and visitors are accommodated internally, with strict restrictions on roadside and public-space parking. Non-compliance could result in suspension or cancellation of building usage permissions under existing development control regulations. The rules also mandate appointment of parking managers, installation of signage, and submission of annual self-declarations confirming compliance. The move forms part of the civic body's broader efforts to address traffic congestion and improve urban mobility across high-density areas.Read more

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Indore authorities issue final ultimatum to 100 commercial buildings over fire safety compliance

12 Apr 2026

Indore's civic authorities have issued a final 48-hour deadline to around 100 commercial buildings to comply with mandatory fire safety regulations, following a city-wide inspection drive. The Indore Municipal Corporation (IMC) and district administration identified serious lapses across 337 buildings, with a significant number lacking basic firefighting systems or having non-functional equipment. Property owners have been directed to install and operationalise fire safety infrastructure within the stipulated period or face sealing of premises and legal action. The enforcement follows a broader compliance drive initiated in the past weeks, aimed at addressing safety gaps in high-occupancy structures. The move reflects increasing regulatory scrutiny of building safety standards in urban commercial real estate.Read more

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Cybercrime network exposed in Kanpur, 20 arrested in PMAY fraud case

11 Apr 2026

A cybercrime network operating in Kanpur was recently exposed after authorities arrested around 20 individuals involved in cheating applicants under the Pradhan Mantri Awas Yojana (PMAY). The group reportedly used fake identities, forged documents and online communication channels to mislead applicants by promising housing benefits under the government scheme. Victims were contacted through calls and digital platforms and were tricked into sharing personal information and transferring money. Investigations indicated an organised setup with wider regional links, and further probe is underway to trace additional members and financial transactions linked to the fraud.Read more

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BMC to launch AI-based approval system to speed up real estate clearances in Mumbai

Mumbai News Desk

11 Apr 2026

The Brihanmumbai Municipal Corporation (BMC) is preparing to introduce an artificial intelligence (AI)-driven facility aimed at improving ease of doing business in Mumbai's real estate sector. The system is designed to streamline civic approvals by integrating multiple processes into a single digital platform, reducing manual intervention and improving transparency. It will support real-time tracking, document verification, and compliance checks through AI tools. The initiative is expected to reduce approval timelines and enhance efficiency for developers, architects, and consultants, while also improving investor confidence in the city's real estate ecosystem.Read more

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Alarm rises in belagavi as 40% property owners default on tax payments

11 Apr 2026

Nearly 40% of property owners in Belagavi have defaulted on property tax payments, raising serious concerns for the Belagavi City Corporation's revenue stability and overall financial planning. Out of more than 1.66 lakh registered properties, tax compliance has remained low, resulting in collections falling well below targets set for the financial year. The shortfall has impacted civic development work, slowed infrastructure planning, and highlighted gaps in enforcement and recovery mechanisms. Officials have acknowledged the widening gap between rising property numbers and actual tax compliance, indicating stronger monitoring and stricter recovery measures may be required going forward.Read more

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Pune court denies bail in metro tunnel damage case linked to illegal borewell work

11 Apr 2026

A Pune sessions court has rejected anticipatory bail pleas of a homeowner and a borewell contractor accused of damaging an underground metro tunnel in Shukrawar Peth. The incident occurred during unauthorised drilling, which punctured the tunnel and caused water seepage onto the tracks. The court noted serious risks to public safety and infrastructure and allowed the investigation to proceed without protection from arrest. A case has been registered under the Bharatiya Nyaya Sanhita and the Metro Railways Act, with potential imprisonment of up to 10 years.Read more

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