Kotak Mahindra Bank: RLLR: 0.75 | From: 8.7% - To: 10.5%
Union Bank of India: RLLR: 0.5 | From: 8.5% - To: 10%
Bank of Baroda: RLLR: 0.5 | From: 9.25% - To: 11%
HDFC Bank: RLLR: 0.75 | From: 8.5% - To: 8.8%

Law & Policy

Ashoka Buildcon suspended from NHAI bids after girder collapse on Kerala highway

Ashoka Buildcon has confirmed that it has been placed under temporary suspension from taking part in any ongoing or upcoming NHAI tenders following a recent incident linked to its Kerala project. The development stems from a show-cause notice issued after two precast PSC girders collapsed during construction on the elevated NH-66 corridor between Aroor and Thuravoor Thekku, resulting in the death of a commercial vehicle driver. The company stated in its regulatory update that the suspension will continue for a month or until an expert committee concludes its investigation, whichever occurs later.Read more

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Andhra Pradesh clears second-phase land pooling to expand Amaravati capital region

The Andhra Pradesh cabinet has cleared the second phase of land pooling for Amaravati, adding about 16,666 acres from seven villages and supporting land owned by the government. This expansion will accommodate the inner ring road, rail network, and the planned international-standard sports city. Officials also indicated that the wider land bank may help future plans such as an international airport and industrial zones. This approval follows the earlier pooling of nearly 34,000 acres, taking the total development area close to 50,000 acres.Read more

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Panchkula introduces structured C&D waste policy with paid debris collection

Panchkula's municipal corporation has rolled out a revamped construction and demolition (C&D) waste management policy to address persistent debris dumping across the city. The initiative includes appointing an agency on a one-year contract costing INR 2.13 crore to manage loading, collection, transportation and unloading of waste at a designated disposal point in Jalouli village. Residents and bulk generators must register and pay collection charges in advance, while delays or unauthorised dumping will attract penalties. The policy incorporates GPS tracking, fixed service hours, regular inspections and provisions for future processing of C&D waste into recyclable building materials.Read more

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NMMC launches strict dust checks at construction sites amid rising winter smog

Navi Mumbai Municipal Corporation (NMMC) stepped up its scrutiny of construction sites earlier this week after the civic chief directed officials to enforce anti-pollution measures more stringently amid rising winter smog. The town planning department was instructed to personally verify dust-control systems at active project sites and shut down any location failing to comply for a week. Acting on these orders, engineering teams have begun field inspections across construction zones, quarries, RMC plants and coal-based bakeries, ensuring adherence to air and noise pollution norms mandated under the SOP issued last year.Read more

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FIR initiated against Gurugram developer for commercial colony licence violations

Authorities in Gurugram have moved to register an FIR against Ornamental Realtors Pvt Ltd for not renewing its commercial colony licence for a 3.5-acre project in Sector 61. The licence, originally issued in 2009, expired in 2017, but the developer did not apply for renewal or pay the required fees. Officials also found that the company had not uploaded mandatory compliance reports on the official portal. A notice issued in October did not result in any action from the builder, prompting authorities to proceed with legal steps.Read more

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Delhi government introduces PM-Pragati style tracking system and expands waste-to-energy plan

Delhi has cleared a PM-Pragati-ike project-monitoring mechanism to speed up major public works, especially those above INR 5 crore. The system, expected to be known as CM-Pragati, will allow the Chief Minister to review progress through a digital dashboard and hold departments accountable for delays. Alongside this, the city has announced a detailed waste-management and pollution-control plan. The approach includes expanding waste-to-energy capacity, upgrading existing plants, adding a new WTE plant in Bawana by mid-2027, and targeting the removal of legacy waste by December 2028.Read more

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Haryana RERA orders builder to reinstate flat and pay delay compensation

Haryana RERA has directed MRG Infrabuild to reinstate a flat in The Meridian, Gurugram, and pay delay compensation at 10.9% per annum. The buyer had already paid more than the total sale price, but the builder cancelled the allotment citing defaults and imposed extra post?Covid demands, later acknowledged as system errors. HRERA found the cancellation invalid, as the promoter failed to provide required notice and missed possession timelines. The authority ordered reinstatement within 30 days and interest payment within 90 days, reinforcing buyer protection in affordable housing.Read more

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GDA takes action against builders for construction violations in open storage of materials

The Ghaziabad Development Authority has fined two builders INR 20,000 each for violating environmental norms by storing construction materials in the open at sites in New Panchawati Colony and Vijaynagar. The rules, under GRAP-3 and NGT directives, prescribe higher fines for larger plots and stricter measures for sites above 500 sqm, including UPPCB registration, dust audits, and camera monitoring. These actions are part of a wider GDA crackdown on illegal construction and pollution, though residents highlight continued dust and infrastructure issues that require coordinated civic efforts.Read more

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Chandigarh rejects CHB's plotted housing plan in IT Park for violating master plan

The Chandigarh Housing Board's proposal to introduce plotted residential development at the Rajiv Gandhi Chandigarh Technology Park has been stalled after the urban-planning department rejected the request on the grounds of violating the city's master plan. The move marks another setback to CHB's long-pending attempts to initiate housing on the 123-acre land parcel, originally reclaimed nearly a decade ago after a prolonged dispute. The board's earlier group-housing scheme had also faced environmental hurdles, and the latest objection now forces CHB to reconsider how the strategically located IT Park land can be used.Read more

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Supreme Court directs release of V Hotels assets to Lodha Developers

The Supreme Court has directed the ED to release 12 V Hotels properties, including the Centaur Hotel in Juhu, back to Lodha Developers, which acquired the company under NCLT-approved insolvency proceedings last year. Lodha had deposited INR 520.80 crore as a security, which the court ordered to be returned with interest. The ruling makes it clear that Lodha must have no connection to V Hotels' former promoters or proceeds from alleged crimes. Legal proceedings against the previous promoters will continue, while the decision highlights the protection for legitimate resolution applicants.Read more

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