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 plans to justify full land requirement for Worli STP amid rising sewage load

Mumbai News Desk

08 Apr 2026

The Brihanmumbai Municipal Corporation is preparing to justify its demand for the entire land parcel reserved for the Worli sewage treatment plant, following questions raised by the Bombay High Court. The civic body has linked the revised requirement to increasing sewage generation due to rapid redevelopment and higher population density in the area. The issue is part of an ongoing legal dispute over the reduction of reserved land and its partial use for a slum rehabilitation project. The state government is expected to take a final decision after reviewing the proposal.Read more

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BMC flags lapses in handling dangerous buildings, warns of strict action

Mumbai News Desk

08 Apr 2026

The Brihanmumbai Municipal Corporation has identified serious lapses in how dangerous buildings and redevelopment cases are being handled across Mumbai and has warned of disciplinary action against responsible officials. Several ward offices were found not following standard procedures or updating records on the central monitoring system. Irregularities were also observed in redevelopment approvals under DCPR 2034, especially in tenant verification and documentation. The action follows a recent case in Prabhadevi and aims to improve accountability, ensure compliance, and prevent revenue losses.Read more

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Morbi civic body withdraws slum demolition order after residents move court

08 Apr 2026

The Morbi Municipal Corporation has withdrawn its demolition order for a slum settlement on Panchasar Road after around 115 residents approached the Gujarat High Court. Residents argued that they were not given a proper hearing and were not offered alternative housing before eviction notices were issued. The civic body had directed them to vacate within a short time under provisions of the GPMC Act. Following the court's intervention, the authority agreed to reconsider the matter and review documents submitted by residents before taking any further action.Read more

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Goa government halts Prabhu Realtors projects over water contamination issue

08 Apr 2026

The Goa government has stopped all real estate projects by Prabhu Realtors after a water contamination issue was reported at a residential complex in Dabolim. Residents raised complaints about unsafe drinking water, with several falling ill. Authorities sealed the suspected borewell and began testing water samples. The Goa Human Rights Commission also stepped in and sought responses from concerned departments. The halt applies to all projects by the developer until further notice. The situation has raised concerns among homebuyers while investigations are underway to identify the exact cause and fix responsibility.Read more

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Court grants bail to three officials in Mulund Metro parapet collapse case

Mumbai News Desk

07 Apr 2026

A Mumbai sessions court has granted bail to three officials linked to the Metro Line 4 project in the Mulund parapet collapse case that caused one death and injured three people. The court observed that the incident appeared to be due to a lapse during on-site execution, particularly a welding-related error, rather than direct negligence by the officials. It also noted that custodial interrogation was complete and the accused had no criminal background. The case continues to be investigated, with focus on construction practices and accountability in large infrastructure projects.Read more

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Supreme Court declines Vedanta plea to halt Adani Group’s acquisition of Jaiprakash Associates assets

07 Apr 2026

The Supreme Court of India has rejected a plea by Vedanta seeking to pause the acquisition of bankrupt Jaiprakash Associates assets by the Adani Group. The deal, valued at around USD 1.5 billion, includes a portfolio of real estate, cement, power assets and the Buddh International Circuit near Delhi. The court directed Vedanta to pursue its objections before the appropriate tribunal, allowing the insolvency resolution process to continue. The outcome advances Adani Group's expansion in real estate and infrastructure, while reinforcing the legal framework governing distressed asset resolution in India.Read more

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Mumbai’s PAP housing shortage slows pace of infrastructure projects

Mumbai News Desk

07 Apr 2026

Mumbai is facing a significant shortage of housing for project-affected persons (PAPs), which is impacting the pace of infrastructure development. The civic body requires nearly 75,000 rehabilitation units but has access to only about 8,000, creating a large gap. Policy tools like TDR have not fully translated into adequate housing supply, while concerns over misuse and delays persist. Authorities are now considering converting SRA transit camps into permanent units and have formed a coordination committee to address the issue and improve execution.Read more

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HRERA directs Chintels India to pay over INR 4 crore to homebuyer for construction defects

07 Apr 2026

The Haryana Real Estate Regulatory Authority has directed Chintels India Pvt Ltd to pay over INR 4 crore as compensation to a homebuyer in Gurugram for severe construction defects in a residential project. The complaint highlighted structural issues soon after possession, which remained unresolved. The order follows a fatal tower collapse in the same project that exposed serious construction flaws. Authorities concluded the project was unfit for habitation. Along with compensation, the builder has been asked to refund additional charges and pay interest, while some claims such as rent and EMIs were not accepted.Read more

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Over 18 lakh kanals of land remain under encroachment in Jammu and Kashmir as eviction efforts continue

07 Apr 2026

Jammu and Kashmir continues to face large-scale land encroachment, with over 18.38 lakh kanals reported under illegal occupation across state and forest land. While authorities have started eviction drives and recovered a small portion, the overall progress remains limited compared to the total encroached area. District-wise data shows widespread impact across both Jammu and Kashmir divisions. The government is using legal action, joint enforcement drives and technology-based surveys to address the issue, while the High Court continues to monitor the situation through ongoing proceedings.Read more

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Bengaluru moves to allow up to 15% deviation in building plans

07 Apr 2026

Bengaluru's planning authority has proposed increasing the permissible deviation in building plans from 5% to 15% to help property owners facing issues in obtaining occupancy certificates. The draft amendment aims to regularise minor construction deviations through payment of compounding fees while ensuring safety norms are maintained. The move is expected to benefit a large number of buildings currently considered non-compliant. Public feedback has been invited, with suggestions open until April 30, after which the revised rules are likely to be finalised and implemented.Read more

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