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

Mumbai sessions court grants anticipatory bail to developer and relatives in Mazgaon redevelopment dispute

Mumbai News Desk

16 Mar 2026

A sessions court in Mumbai has granted anticipatory bail to a developer and three relatives in connection with a cheating and criminal breach of trust case linked to a redevelopment project in Mazgaon, south Mumbai. The case was filed after a complainant alleged that the developer had failed to provide an alternate shop promised under a redevelopment agreement, leading to a dispute over the implementation of the project. While hearing the anticipatory bail plea, the court observed that significant payments had already been made to the complainant's family and noted that the dispute largely stemmed from contractual obligations within the redevelopment arrangement. Considering the nature of the allegations and the financial transactions involved, the court held that custodial interrogation was not necessary at this stage and granted the accused protection from arrest subject to conditions.Read more

cover photo

Pune civic body allocates INR 954 crore for infrastructure upgrades across newly merged villages

Pune News Desk

16 Mar 2026

The Pune Municipal Corporation (PMC) has earmarked INR 954 crore in its draft budget for FY2026-27 to fund infrastructure development in villages merged into the city's municipal limits in recent years. The allocation is aimed at addressing gaps in civic amenities such as roads, sewage networks and water supply in peripheral areas incorporated into the PMC jurisdiction through administrative expansion. The funding forms part of the civic body's proposed INR 13,995 crore municipal budget presented earlier this week by municipal commissioner Naval Kishore Ram. Officials said the investment is intended to standardise urban infrastructure across the expanded city and respond to demands from residents and elected representatives in newly incorporated areas who have raised concerns over inadequate services. The initiative also follows the transfer of planning authority for several merged villages from PMRDA to PMC.Read more

cover photo

MCD seals two Keshavpuram properties for over INR 1.33 crore in unpaid property tax

16 Mar 2026

The Municipal Corporation of Delhi (MCD) recently took action against two commercial properties in the Keshavpuram area due to unpaid property tax exceeding INR 1.33 crore. Located in Paschim Vihar and GT Karnal Industrial Area, the properties had ignored repeated notices to clear dues. The civic body acted under the Delhi Municipal Corporation Act. Property owners were advised to utilize the Sumpattikar Niptaan Yojana (SUNIYO) scheme, which allows waiver of penalties and interest on dues up to financial year 2020-21 if principal amounts for current and past five years are paid before the scheme deadline.Read more

cover photo

Uttarakhand High Court directs HRDA to withdraw permissions for housing and plotting projects on agricultural and orchard land

15 Mar 2026

The Uttarakhand High Court has directed the Haridwar-Roorkee Development Authority (HRDA) to withdraw permissions granted for plotting and group housing developments on agricultural and orchard land in Haridwar district. The directive was issued by a division bench while hearing a public interest litigation alleging that the authority had allowed residential development on farmland despite earlier court restrictions. The court instructed HRDA to revoke the approvals within a week, warning that failure to comply would invite contempt proceedings. The case relates to a petition filed in 2023 that cited earlier High Court and Supreme Court rulings prohibiting such development in the state due to the limited availability of agricultural land. The High Court also noted that the state government had not sought modification of the earlier order after the Supreme Court declined to interfere with it in 2024.Read more

cover photo

Ghaziabad mayor promises rollback of revised property tax rates amid resident protests and civic body confusion

Ghaziabad News Desk

15 Mar 2026

The property tax revision implemented by the Ghaziabad Municipal Corporation (GMC) has triggered widespread protests across the city, prompting Mayor Sunita Dayal to assure residents that the increased tax rates may soon be rolled back. The controversy stems from a revised tax framework introduced from April 2025, which in some cases increased annual property tax liabilities by three to four times. Residents and trader groups across areas such as Indirapuram, Sidharth Vihar and Vijay Nagar have reported sharp increases in tax bills, leading to demonstrations and political pressure on the civic administration. While the mayor stated that the state government had indicated that the hike would not be implemented, GMC officials said they had not yet received any formal directive to withdraw the revised tax structure. The issue has created administrative uncertainty even as the municipal corporation continues issuing tax notices under the updated regime.Read more

cover photo

Uttar Pradesh approves new affordable housing policy to support EWS and middle-income families

15 Mar 2026

The Uttar Pradesh government has approved a new affordable housing policy aimed at increasing housing supply for economically weaker sections and middle-income families in urban areas. The policy supports the Affordable Housing in Partnership and Affordable Rental Housing components under Pradhan Mantri Awas Yojana Urban 2.0. Beneficiaries will receive INR 1.5 lakh assistance from the central government and INR 1 lakh from the state government. Developers will receive exemptions on several project-related charges, while homebuyers will get stamp duty relief. The policy also introduces a structured rental housing model to support urban workers and low-income households.Read more

cover photo

Navi Mumbai Municipal Corporation removes unauthorised construction in Airoli following enforcement action under MRTP Act

15 Mar 2026

The Navi Mumbai Municipal Corporation (NMMC) has carried out an anti-encroachment operation in Airoli to remove unauthorised construction undertaken without approval under the Maharashtra Regional and Town Planning (MRTP) Act, 1966. The action was taken after the property owner failed to comply with a notice issued by the civic body in November 2023 directing the removal of the illegal structure. The demolition was conducted at a property located in Deshmukhwadi, Sector 1, Airoli, under the jurisdiction of the G Ward office. The operation was carried out under the direction of Municipal Commissioner Dr Kailas Shinde and senior civic officials overseeing the encroachment department. Municipal staff, labour teams and police personnel were deployed to execute the partial demolition of the structure as part of ongoing enforcement measures against unauthorised construction within the municipal limits.Read more

cover photo

Uttar Pradesh government introduces OTS-2026 scheme to resolve nearly 19,000 property default cases and recover over INR 11,800 crore in dues

15 Mar 2026

The Uttar Pradesh government has approved the One Time Settlement (OTS-2026) scheme aimed at helping property allottees clear long-pending dues owed to development authorities, the Uttar Pradesh Housing and Development Council, and other special area development bodies. The initiative seeks to address nearly 18,982 default cases involving unpaid property payments estimated at around INR 11,848 crore. The scheme will apply to residential, commercial, institutional and auction-allotted properties, as well as pending map approval cases with additional dues of about INR 1,482 crore. Under the framework, penalty interest on outstanding amounts will be waived and only simple interest will be charged, while defaulters will be allowed to clear liabilities through instalments within a defined settlement window. Authorities expect the programme to help regularise stalled allotments, improve revenue recovery for development agencies, and resolve legacy property payment disputes across the state.Read more

cover photo

CREDAI Pune launches AI-powered property search platform at 2026 general body meeting

15 Mar 2026

CREDAI Pune hosted its General Body Meeting in Pune, bringing together developers, policymakers and industry experts to discuss the city's urban growth and real estate sector. During the event, the association launched CREDAIBILITY.AI, described as the world's first AI-powered property search platform aimed at enabling verified and transparent property discovery for homebuyers. Addressing the gathering, Murlidhar Mohol emphasised the need for collaboration between developers, government and citizens to maintain Pune's liveability amid rapid urbanisation. The meeting also highlighted initiatives such as collaboration with police on traffic management and policy representations related to regulatory issues affecting the real estate sector.Read more

cover photo

State admits excess payment to Metro Line 9 contractor, assures inquiry and recovery

15 Mar 2026

The Maharashtra government has acknowledged that a contractor involved in Mumbai's Metro Line 9 project received payments higher than what was due and assured that the matter would be investigated. The issue was raised in the state legislative assembly by Mira Bhayandar MLA Narendra Mehta, who alleged irregularities in land rent payments, project cost escalations and delays. The government confirmed that excess payments had been made for land used as a casting yard and stated that the amount would be recovered if required. Officials also said disciplinary action would be taken against concerned authorities if irregularities are confirmed.Read more

cover photo