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%

Location : New Delhi

Vasant Vihar slum clearance ensues in Delhi under High Court directive

23 Jun 2023

Delhi saw the removal of a three-decade-old slum in Vasant Vihar last week, under the direction of the National Disaster Response Force (NDRF) and the Municipal Corporation of Delhi (MCD). This action was in compliance with a Delhi High Court ruling, allowing the construction of NDRF headquarters on the site. Meanwhile, an anti-encroachment operation was carried out near the Mata Guiri Devi Hospital in West Delhi, addressing obstructions by local vendors and shopkeepers. These enforcement actions underline the struggle to balance urban development with citizens' rights.Read more

cover photo

Delhi HC grants bail to Unitech promoter's wife in money laundering case

21 Jun 2023

The Delhi High Court has granted bail to Preeti Chandra, wife of Unitech promoter Sanjay Chandra, in a money laundering case. The order will be effective after June 16, as the Enforcement Directorate requested time to challenge it. The case stems from allegations that the Unitech Group and its promoters illegally diverted over Rs 2,000 crore to offshore accounts. Preeti Chandra, who has been in custody since October 2021, maintains her innocence and claims no connection to the proceeds of crime. The trial court had previously denied her bail due to the seriousness of the allegations.Read more

cover photo

DDA contacts LG regarding Delhi Jal Board's delayed approval for rehabilitation work

PNT Reporter

19 Jun 2023

Delhi Development Authority (DDA) has raised concerns over the delay in laying water and sewer lines at the Jailorwala Bagh rehabilitation housing project for slum dwellers. In a letter to Lieutenant Governor V Saxena, DDA alleged that the project's inauguration and house allotment were hindered due to the Delhi Jal Board's (DJB) delayed approvals. The absence of a water and sewer network has caused significant delays. Additionally, DDA highlighted the reliance of Kalkaji rehabilitation project residents on water tankers due to the lack of a regular water supply by DJB.Read more

cover photo

Risland's Sky Mansion in South Delhi Receives MCD and RERA clearances

16 Jun 2023

Risland's Sky Mansion project in Chhatarpur, New Delhi, has gained MCD and RERA approvals. The project offers penthouses and luxury apartments with three and four bedrooms. In addition, Sky Mansion offers uninterrupted views of the spectacular Aravalli Greens, a magnificent 1 lakh square foot clubhouse, and a parking area for more than 500 cars. Sky Mansion is slated to reinvent luxury living in South Delhi, and 65% of the flats have already been sold, demonstrating both the resounding interest in the project and the confidence that people have in Island's superb craftsmanship.Read more

cover photo

Chalet Hotels and IHCL announce partnership for new luxury Taj Hotel at Delhi Airport

23 May 2023

Chalet Airport Hotel, a subsidiary of Chalet Hotels, has partnered with Indian Hotels Company (IHCL) to open a luxurious Taj-branded hotel at New Delhi's Indira Gandhi International Airport. The upcoming hotel, located near terminals 3 and 2, will feature 400 rooms, dining facilities, and conference spaces. The franchise agreement aligns with IHCL's expansion strategy, while Chalet Hotels reported strong financial results, including a significant increase in revenue and profits. The Taj brand will now have a presence in Delhi, Mumbai, and Bengaluru airports.Read more

cover photo

Delhi's Jama Masjid to undergo a major facelift

PNT Reporter

15 May 2023

Delhi's iconic Jama Masjid is set to receive a much-needed facelift as part of a redevelopment plan conceptualized in 2004. The Shahjahanabad Redevelopment Corporation (SRDC) has approved a fresh tender issued by the Public Works Department (PWD) for preparing a detailed project report (DPR) for the mosque's redevelopment, which includes the refurbishment of surrounding areas such as Meena Bazaar, construction of walkways, pedestrian passages, and common utility ducts. The first part of the project will focus on the area around Jama Masjid, while the second part will require a new DPR for revamping the mosque's premises.Read more

cover photo

Delhi Development Authority submits Master Plan for Delhi 2041 for review

PNT Reporter

27 Apr 2023

The Delhi Development Authority (DDA) has submitted a draft of the Master Plan for Delhi 2041 to the Union Housing and Urban Affairs ministry for review. The plan includes sustainable development, green economy, infrastructure development, and transit-oriented development hubs. The authority expects all formal procedures to be completed by next month, after which the plan will serve as a blueprint for the capital city's development for the next two decades.Read more

cover photo

DDA expands land pooling consortiums to boost urban development

PNT Reporter

24 Apr 2023

The Delhi Development Authority (DDA) is set to issue conditional notices to landowners in four additional sectors, which have now met the eligibility criteria for forming consortiums under the land pooling policy (LPP). These sectors include 7A, 7B, and 7C in Zone P-II and Sector 11 in Zone N. The move aims to promote planned urban growth and infrastructure development, as consortiums of landowners will take the lead in planning and engaging developers for residential and commercial properties. The DDA will primarily sanction layout plans and provide support throughout the process.Read more

cover photo

Municipal Corporation of Delhi begins building survey as part of “Pre-Monsoon Measures”

PNT Reporter

20 Apr 2023

Last week, the Municipal Corporation of Delhi began a process to locate buildings in the city that are considered unsafe. The purpose is to either demolish or repair these structures before the monsoon season to avoid any accidents. The civic authority has instructed its field staff to begin their annual survey of buildings and houses in their respective areas. The survey is expected to be completed by June 30.Read more

cover photo

Delhi court orders Gopal Ansal to be put on trial in cheating case

PNT Reporter

19 Apr 2023

Real estate tycoon Gopal Ansal has been ordered to stand trial for allegedly cheating and defrauding a private company and its promoters in the name of investment in a building at Connaught Place in Delhi in 1991. He faces charges of cheating, forgery and criminal conspiracy, while Sushil Ansal, a director of Ansal Properties, has been discharged. The complainant, Sachdeva & Sons Industries, had invested in Statesman House through an employee who was known to Gopal Ansal, but later discovered that receipts were issued only in the name of the employee and that the money was diverted to book a flat for him.Read more

cover photo

HC questions Noida Authority about the launch of Sports City prior to purchasing the land

PNT Reporter

18 Apr 2023

The Noida Authority has been asked by the Allahabad High Court to explain why it took legal action against the developer for failing to finish Sports City on schedule while it was still waiting for all of the land required to complete the project. The court also requested information from the Authority CEO regarding the efforts the Authority was taking to make the remaining land accessible for the project. The court was deliberating a plea submitted by ATS Homes, the principal developer chosen to build the Sports City and an international-calibre cricket facility in Sector 52. The project is meant to be built on 125 acres, but the developer has only received roughly 25 acres so far.Read more

cover photo

Delhi HC orders joint task force to combat illegal sand mining along Yamuna River

PNT Reporter

17 Apr 2023

The Delhi High Court has ordered the formation of a joint task force between Delhi and Uttar Pradesh police to address illegal sand mining along the Yamuna River. The court emphasized the environmental impact and urgency of the issue and directed the task force to regularly monitor river banks and ensure proper pickets are posted. The formation of the task force aims to protect fragile ecosystems and enforce stronger regulations to safeguard India's rivers from the consequences of illegal sand mining.Read more

cover photo

Delhi-RERA and NAREDCO collaborate to launch National Institute of Real Estate Development

PNT Reporter

12 Apr 2023

Delhi-RERA and NAREDCO have partnered to create the National Institute of Real Estate Development (NIRED) to promote capacity building in the real estate, construction, and infrastructure sectors. NIRED will provide training courses for various stakeholders in the industry and promote awareness of the Real Estate Regulation and Development Act 2016. By focusing on skill development, emerging trends, and technologies, NIRED aims to bridge the skill gap, enhance transparency, and contribute to the overall growth and modernization of India's real estate market.Read more

cover photo

Missing data on 82 Delhi slum clusters sparks urban development inquiry

PNT Reporter

10 Apr 2023

The Urban Development Department has requested details from the Delhi Urban Shelter Improvement Board (DUSIB) on 82 new slum clusters identified for rehabilitation, but DUSIB has yet to locate the related file. The list was briefly published on DUSIB's website before being removed, raising concerns about transparency and accountability. The inquiry highlights the need for better communication and coordination between government agencies to ensure proper rehabilitation and support for vulnerable communities living in slum clusters.Read more

cover photo

Four years on, DDA finds two land parcels eligible to develop under land pooling policy

23 Mar 2023

The Delhi Development Authority (DDA) has finally found two parcels of land in north Delhi that are eligible for development by a consortium under the land pooling policy. According to a DDA official, landowners in Zone P-II, Sector 8B have expressed interest in pooling their land and have met the policy's eligibility conditions. The land developer can now prepare a layout plan for a group housing society or plotted real estate, depending on feasibility.Read more

cover photo