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

Kanpur municipal corporation implements flat mutation fee for property transfers

07 Mar 2026

The Kanpur Municipal Corporation has replaced its earlier 1 percent value-based mutation charge with a fixed fee structure effective from March 1. Property owners will now pay INR 6,500 for mutation, while high-value properties above INR 50 lakh will attract a maximum fee of INR 10,000. The earlier system often led to high charges, especially for mid-range properties. The decision was cleared after a 63-day public review process during which only two objections were received and resolved before implementation.Read more

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APCRDA reviews Mandadam layouts under negotiated settlement policy

07 Mar 2026

The APCRDA Additional Commissioner, A. Bhargava Teja, IAS, conducted an inspection of Mandadam village layouts under the Negotiated Settlement Policy in Amaravati. Officials briefed him on layout structures, land allocations, and development plans using detailed maps. The review focused on planning and execution to ensure adherence to the Capital Region's development framework. Senior APCRDA officials and department representatives were present, highlighting the policy's emphasis on structured and transparent land settlements. The inspection reflects ongoing efforts to implement the policy efficiently and maintain regulatory compliance in the area.Read more

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Auda delegation clears path for development in Gokuldham after 12-year hiatus

Ahmedabad News Desk

07 Mar 2026

The Ahmedabad Urban Development Authority (Auda) has resolved a protracted impasse over the Gokuldham township near Ahmedabad by empowering its chairman to grant new and revised development permissions for agricultural land, ending a 12-year standstill in approvals. Originally laid out in 2002, the mixed residential and agricultural township in Sanand taluka had seen phased permissions for housing units before a dispute in April 2014 halted progress. With legal advice and state government concurrence, the delegation of authority now allows development on the agriculture component of the more than 10 lakh square metres site to proceed. The resolution unlocks dormant development rights long withheld and aligns regulatory powers to pursue revised permissions under prevailing urban planning norms, potentially reactivating stalled construction activity.Read more

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Bihar CM Nitish Kumar urges urgent completion of key drainage projects in Patna to mitigate waterlogging ahead of monsoon

07 Mar 2026

Bihar's Nitish Kumar has called on state officials to expedite the construction of major drainage works in Patna, emphasising the need to address chronic waterlogging and sanitation concerns ahead of the impending monsoon season. In a meeting with senior administrators on 2 March 2026, he directed that progress on the Saidpur and Bakarganj drain infrastructure projects be accelerated and any bureaucratic obstacles be removed to ensure timely delivery. The Chief Minister underscored the importance of improved coordination among departments for regular monitoring and execution, given growing public concern over flooding risks in residential neighbourhoods. The directives reflect a broader state focus on strengthening urban infrastructure as part of ongoing efforts to modernise Patna's drainage network and reduce seasonal disruption.Read more

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Mysuru minister urges immediate action on road-widening projects to ease growing congestion

07 Mar 2026

The district in-charge minister for Mysuru, HC Mahadevappa, has directed officials to immediately advance a series of road-widening initiatives across the city to address escalating traffic congestion. In a meeting convened earlier this week, Mahadevappa emphasised the urgency of widening several arterial routes, including those connecting major junctions and public transport hubs, and instructed streamlined land-clearance and approval processes. The Mysuru City Corporation commissioner identified multiple stretches earmarked for widening, such as roads linking Dr BR Ambedkar Circle, Fountain Circle and the Suburban bus stand, as well as Pulakeshi, Hyder Ali and Dr Rajkumar Roads. Local legislators and senior administrators committed to coordinated action to accelerate implementation. The directives reflect growing pressure on urban infrastructure due to rising vehicle numbers and commuter demand in the historic city.Read more

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Supreme Court halts Ramodaya housing project permissions in Mormugao

07 Mar 2026

The Supreme Court of India has ordered a status quo on the Ramodaya Cooperative Housing Society project in Mormugao, Goa, following allegations of illegal hill cutting and violations in development permissions. Activist Swapnesh Sherlekar challenged prior approvals, highlighting issues like insufficient road access and unauthorized land-use conversion. The Bombay High Court had earlier dismissed his petition, citing advanced construction since the 2018 approval. The Supreme Court's notice now freezes possession and construction while seeking responses from the state planning authorities, underscoring scrutiny on compliance in real estate development.Read more

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FSFTI President calls for revision of land and infrastructure rules for higher education

06 Mar 2026

Dr Anshu Kataria, President of the Federation of Self Financing Technical Institutions and the Punjab Unaided Colleges Association, has urged the Central Government to review land and infrastructure norms for colleges and universities. He said outdated regulations and high land costs are restricting expansion, especially in urban centres. With India projected to need around 2,500 universities and nearly 1 lakh colleges by 2040 to raise the Gross Enrolment Ratio to 55-60 percent, he stressed that private participation is essential and requires practical, transparent and investment-friendly policies.Read more

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Ghaziabad residents seek political remedies after Allahabad High Court upholds contentious property tax hike

Ghaziabad News Desk

06 Mar 2026

Residents of Ghaziabad are pursuing political and further legal avenues after the Allahabad High Court upheld a sharply increased property tax regime instituted by the Ghaziabad Municipal Corporation (GMC), rejecting challenges earlier this week. The revised tax, introduced from April 1 2025, aligns rates with district magistrate circle valuations, resulting in three- to four-fold increases for many households and affecting more than six lakh registered properties. Former councillors and resident groups, who had argued the tax hike was disproportionate and imposed without proper legislative cadence, now plan to approach the Supreme Court, although some say a political solution through elected representatives may be preferable. Opposition parties have criticised the ruling, asserting that the burden on citizens has become unsustainable and calling on local leadership to revisit the tax structure. Residents have expressed disappointment and frustration at the perceived financial strain.Read more

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Nashik civic body to spend INR 135 crore repairing roads damaged by utility works

06 Mar 2026

The Nashik Municipal Corporation has approved a plan to spend INR 135 crore in the current financial year to repair city roads that have deteriorated following repeated excavation for utility installations, particularly by Maharashtra Natural Gas Ltd (MNGL) and other service providers, civic officials said earlier this week. The funding includes an unspent provision of INR 60 crore from the current year and INR 75 crore earmarked under the draft budget for 2026-27. The work will address uneven surfaces and potholes in major localities such as Panchavati, Gangapur Road, Nashik Road and Nashik West, where poorly restored trenches have caused traffic delays and increased accident risks. Municipal Commissioner Manisha Khatri confirmed contractors have been appointed and repair operations, including resurfacing and pothole filling, are scheduled to begin in the coming months as part of broader infrastructure maintenance efforts.Read more

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Allahabad High Court restores INR 103-crore farmhouse plot to SDS Infratech, overturns nine-year cancellation

06 Mar 2026

The Allahabad High Court has ruled in favour of SDS Infratech, directing the Greater Noida Industrial Development Authority to reinstate a 3.8-lakh sq m farmhouse land parcel in Greater Noida that it had cancelled nine years ago, judges said earlier this week. The land, originally allotted in 2011 under an institutional farmhouse scheme for INR 103 crore, was rescinded in 2017 amid disputes over payment defaults and delays attributed to legal hurdles affecting possession and lease deed execution. A division bench held that the cancellation was legally unsound, accepted the developer's claim for a zero-period relief during litigation, and ordered the authority to revisit the matter through its standing committee within four months. The decision effectively restores the plot to SDS Infratech and revives its development rights on the land.Read more

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