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%

Top Stories

Innovative brick less construction reshapes Mohali's EWS housing project

28 Jul 2023

After a decade of planning, Mohali's Economically Weaker Section (EWS) housing project has finally commenced. Using the innovative brick less construction technology outlined in the Punjab EWS Housing policy, the Greater Mohali Area Development Authority (GMADA) intends to build 5,000 units in the initial phase. A government-owned entity will oversee project execution from start to finish. The project, underpinned by an ambitious plan approved by the Punjab cabinet in 2021, promises affordable housing solutions for the economically disadvantaged, thereby reaffirming Punjab's commitment to social equity.Read more

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Navkriti Premises collapses in Bhayandar, tragically taking a life

27 Jul 2023

A tragic incident occurred in Bhayandar, Mumbai, where a commercial building by the name of Navkriti Premises collapsed opposite the Bhayandar railway station. The building, categorized as dangerous, was unoccupied, but some shopkeepers were conducting business inside despite receiving an eviction notice. The collapse resulted in one fatality and four injuries. The incident underscores the need for urgent action to address the state of old buildings in the city, ensuring proper inspection and demolition to prevent such accidents in the future. Authorities highlight the importance of regular inspections and necessary measures to ensure the safety of potential occupants.Read more

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Upscale residences thrive as affordable housing market faces a 20% downturn in H1 2023

27 Jul 2023

The affordable housing market in India's top seven cities is facing a downturn, with demand shrinking by 20% in H1 2023, according to ANAROCK Research. Escalating land costs and other pandemic-induced factors are being blamed. Conversely, the luxury housing segment is thriving. As a result, developers are shifting focus to mid-range and premium projects. Mumbai, Pune, and NCR saw the most new affordable housing supply in H1 2023, despite the overall contraction. The change underscores a significant shift in real estate market trends.Read more

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Old decrepit structures in Secunderabad cantonment imperil residents

26 Jul 2023

In a comprehensive evaluation carried out by engineering authorities from the Secunderabad Cantonment Board (SCB) last year, it was revealed that approximately 20 edifices dating back to the pre-Independence era were teetering on the brink of collapse. The assessment raised concerns over the dire condition of these dilapidated structures in the region. As their structural integrity continued to deteriorate, residents faced an imminent threat to their safety and well-being. Action is deemed necessary to address the potential risks posed by these aged buildings and ensure the protection of the local community.Read more

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Jaipur's JDA reports rainwater harvesting in only 220 buildings

26 Jul 2023

In 2011, the Jaipur Development Authority (JDA) made a significant policy revision by mandating the construction of water harvesting structures for plots measuring 300 square meters and above. JDA officials recently revealed that this initiative aimed to promote rainwater harvesting and address water scarcity in Jaipur. However, despite the measure being in place for several years, the latest data indicates that only 220 buildings in the city have complied with the requirement. This underscores the need for further awareness and enforcement to encourage more property owners to adopt rainwater harvesting systems and contribute to sustainable water management in the region.Read more

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West Bengal districts earn honours for land record digitisation

26 Jul 2023

Four districts of West Bengal - Murshidabad, Bankura, Nadia, and Howrah - have been recognised with the Bhoomi Samman Platinum Certificate for successfully implementing the Digital India Land Records Modernisation Programme. President Droupadi Murmu presented the award at a ceremony in New Delhi, lauding the digitalisation efforts for their potential impact on national development and effective execution of welfare schemes. The initiative also includes assigning a Unique Land Parcel Identification Number for better land usage and formulation of new welfare programs.Read more

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Mumbai Municipal Corporation ensures safety after building collapse incident

26 Jul 2023

The Haji Qasim Ismail Building in Mahim, owned by Waqf Board, experienced a dangerous incident when the third-floor slab collapsed due to water seepage, resulting in no casualties or injuries. The authorities promptly evacuated 150 people and relocated them to nearby accommodations for their safety. The building's poor condition prior to the incident raised concerns, leading to the decision to demolish the damaged portion. The Mumbai Municipal Corporation is taking the safety and security of residents in damaged buildings seriously, providing necessary support and relocation arrangements to prevent harm to occupants of vulnerable structures.Read more

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India’s student housing to triple by 2036 as demand surges

25 Jul 2023

India's student housing sector is set for a boom, with the number of student relocations predicted to rise from 11 million to 31 million by 2036. Poor conditions in hostels and rising rents have sparked increased demand for improved student accommodation, says a report by Colliers India. Notable sector players are gearing up to meet this burgeoning demand. The surge in enrolment for higher education, expected to exceed 92 million by 2036, underscores vast untapped investment potential in the Purpose Built Student Accommodation (PBSA) market.Read more

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Construction norm violations lead to traffic risks in Bengaluru

25 Jul 2023

Residents in Bengaluru have voiced alarm over safety issues stemming from a local builder's disregard for setback norms in the ST Bed Layout area. The negligence has resulted in hazardous traffic conditions, including a perilous blind curve. Amidst growing concerns and resident protests, local authorities intervened to halt construction. However, questions remain about the project's initial authorization and the oversight of building regulations.Read more

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Housing society officials and repair workers face charges for negligence that cost the life of a 10 year old boy

25 Jul 2023

Three members of a housing society and two contract lift maintenance workers are facing charges in connection with the death of a 10-year-old boy who tragically lost his life in a lift crash last June. The police, who initially filed an accidental death report, have now booked the society's secretary, chairman, and treasurer, along with the contractors, under IPC section 304A for negligence. The boy's mother reported that the malfunctioning lift had been in need of repair, but the society continued to operate it without addressing the issues.Read more

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