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%

Infrastructure

50 acres of land in Aravalis to be cleared of illegal structures

18 Jan 2023

In line with directions issued by the National Green Tribunal (NGT) on 9th December 2022, all illegal structures constructed on protected Aravali Forest land in Gairatpur Bas, Haryana will be cleared this week. The NGT has directed the Haryana and Rajasthan governments to destroy all illegal structures that have been erected on land protected under Sections 4 and 5 of the Punjab Land Protection Act (PLPA), 1900. All requisite notices have been issued and ample warning has been given to those who have constructed these structures.Read more

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Premium for development near the International Airport in Mumbai waived

13 Jan 2023

The Maharashtra state urban development department has decided not to charge Mumbai International Airport Ltd (MIAL) a premium for its development activities in Chhatrapati Shivaji Maharaj International Airport Notified Area. It has also allowed a floor space index of (FSI) of 5 on plots within the area. MIAL is being charged a premium on the extra 1 Floor space index, as the FSI 4 is considered as Global FSI, on which no premium is charged. The development of the CSMIANA is to be integrated with the existing Bombay Metro infrastructure. The notified site area is about 1982 acres.Read more

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CIDCO cancels sale of contested Nerul CRZ plot

13 Jan 2023

The City and Industrial Development Corporation (CIDCO), the governing body responsible for most of Navi Mumbai’s planned development, has cancelled the tender process of the contested CRZ plot at Seawoods, Nerul. Several citizens along with the Navi Mumbai Environment Preservation Society (NMEPS) had filled petitions with the National Green Tribunal (NGT) to stop the tender process as the plot of land in question fell within the CRZ limits where construction activity is restricted. The petitioners are pleased with the decision of the NGT to block the sale process and hope to stop CIDCO from commercially exploiting the CRZ plot. The civic body however cites that the tender process was cancelled simply because the bidding offer received for plot was well below market value.Read more

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Madurai Corporation to set up a construction waste processing centre

12 Jan 2023

The Madurai Corporation is in talks to set up a processing centre in Chennai to tackle the issue of construction and demolition waste and. At present the corporation has four designated dumping sites for waste in the city. However, debris is often found along city roadways and in empty plots. This has led to residents questioning the efficacy of the civic body and demanding that appropriate action be taken swiftly. A tender to create a construction and demolition waste processing centre in Madurai is likely to be issued in the coming two months.Read more

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Supreme Universal inks pact to develop 5-acre land parcel in Chembur

12 Jan 2023

Realty developer, Supreme Universal has acquired the development rights for a parcel of land in Chembur suburb of Mumbai City. Supreme Universal is said to have paid stamp duty of Rs 15.57 crores on the current market value of Rs 311 crore. The company plans to develop a premium gated community on the parcel of land which is estimated to have a development potential of nearly 1 million square feet. The project is expected to generate at least Rs 1800 crore in revenue based on the current trend of property rates in the vicinity.Read more

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More than 5000 housing plots returned to Andhra Pradesh Government

11 Jan 2023

In line with the larger goal of providing ‘housing for all’ the Andhra Pradesh state government undertook the task of setting up Jagananna colonies across the state. Under the YSR Jagananna housing scheme, the government plans to construct nearly 18000 colonies to provide housing for 30.3 lakh beneficiaries from low-income groups. However, more than 5000 plots allotted have been returned with the request for an alternate. The allottees returning their plots claim that plots allotted to them were either located too close to burial grounds or were too far from their present habitations. The Chief Minister of the state, YS Jagan Mohan Reddy has directed officials to provide alternate sites to the affected beneficiaries.Read more

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Noida Authority launch a low-cost housing

11 Jan 2023

Earlier this month, the Noida Authority launched a housing scheme for individuals eligible for Low Income Group (LIG), Mid Income Group (MIG) and High-Income Group (HIG) housing. The flats will be made available in Sectors 52, 62, 71, 99, 118, and 135. Interested individuals can submit their application latest by 31st January 2023. The cost of these residential apartments ranges from Rs 45 lacs to Rs 1.79 crores. In another decision, the Noida Authority vowed to resolve the property parcel assignment issue that has been pending for 12 years. These individuals have been given time until March 2023 to procure the requisite approvals and begin construction.Read more

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VMRDA to receive 500acres of land from state government as compensation

10 Jan 2023

In exchange for expenses incurred while developing one-cent layouts, the Visakhapatnam Metropolitan Region Development Authority (VMRDA) has requested the state government to give them 500acres of land in the region rather than a 15% stake in the 'Jagananna housing complexes’ as earlier decided. The civic body has already incurred as expense of Rs 150 crores in development and intends to invest a further Rs 50 crore to build infrastructure. Therefore, it believes pooled land parcels would be a more equitable exchange for their services rendered and will help in maintaining their financial health.Read more

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Non-essential construction ban lifted in Delhi-NCR

06 Jan 2023

Three days after the Centre announced a ban on all non-essential construction and demolition activities in Delhi-NCR on account of rising air pollution levels, the authorities are now said to have lifted all cubs imposed in the city under stage III of the Graded Response Action Plan (GRAP). As of Tuesday, Delhi’s 24-average air quality index (AQI) was around 385, down by 14 points since the week before.Read more

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TNHB to collaborate with private companies to build homes

30 Dec 2022

The Housing and Urban Development Department is gearing up to redevelop housing societies across the state via joint development agreements with private builders. So far, twelve locations within the state have been identified as potential development sites. The homes are to be constructed using Mivan technology which is an aluminium formwork system over a span of two years. For construction of these units, the private developer will be awarded with a fixed number of free for sale apartments in exchange. The agreement will be entered into for a period of 80 years.Read more

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