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

DDA sets December 2023 deadline for Delhi's Kathputli Colony

PNT Reporter

14 Apr 2023

The Delhi Development Authority (DDA) has announced a new deadline of December this year for the completion of flats developed under its first in situ slum redevelopment project at Kathputli Colony. Officials have stated that the construction work in some towers is either completed or on the verge of completion. Once construction approvals are in place, a computerised draw of lots will be conducted after which the DDA will send a demand letter to the allottees asking them to submit Rs 1.25 lakh as a symbolic amount.Read more

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Gurugram civic body threatens to snap water connection in DLF colonies if used for construction

PNT Reporter

13 Apr 2023

The Municipal Corporation of Gurugram (MCG) has directed the developer of DLF 1 to 5, a licensed colony, to use only recycled water for construction activities to reduce the disruption of drinking water supply to residents. The directive comes after complaints from residents that potable water is being used for construction activities at more than 250 sites in DLF colonies and other areas in the MCG limits, with underground water being extracted illegally. The MCG has set up 41 sewage treatment plants in the city, and recycled water can be taken from these locations or from plants set up by GMDA for construction uses.Read more

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AI-Driven initiative helps Pune Municipal Corporation add 11,000 properties to tax system

PNT Reporter

13 Apr 2023

The Pune Municipal Corporation (PMC) has employed artificial intelligence (AI) tools to incorporate over 11,000 previously non-tax paying properties into its tax system, resulting in an estimated Rs 31 crore increase in revenue. By analysing property tax data, Geographical Information System mapping data, and satellite imaging, the AI-driven approach enabled accurate identification and classification of commercial and residential properties. This innovative use of technology highlights the potential of AI in streamlining administrative processes and may prompt other civic administrations to adopt similar methods for optimizing revenue generation and resource allocation.Read more

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Saharsa District Administration introduces land measuring app

PNT Reporter

13 Apr 2023

The Saharsa district administration has taken steps to modernize its operations by digitizing its collectorate and subdivisions through e-offices. As part of this effort, they have recently introduced a new mobile application that allows for land measurement, which can be used for various purposes such as buying, selling, or identifying encroached land. This initiative aims to address the issue of land disputes, which often result in conflicts and violence.Read more

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LMC officials warn residents about scamsters posing as BSUP scheme officials

PNT Reporter

13 Apr 2023

The officials of Ludhiana municipal corporation have issued a warning to the public about fraudulent activities related to the Basic Services for Urban Poor (BSUP) scheme, following numerous complaints of fake allotment of flats. The officials clarified that no staff members of the municipal corporation visit homes to offer flats to residents, as these flats were constructed specifically for the rehabilitation of slum dwellers. They urged residents to be cautious and not to engage with any illegal deals, and to report any such activities to the authorities.Read more

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Noida Authority employs an agency to monitor Sports City's situation

PNT Reporter

12 Apr 2023

The Noida Authority has hired an agency to keep a check on the Sports City project, which is located in various sectors, and to ensure that the facilities are in place. The agency will assist in identifying gaps and remedies for completing the sports facilities. As per the original plan, 70% of the land was to be used for sports facilities, and the remaining area was to be used for residential and commercial purposes. However, the developers sold residential properties without completing the sports facilities.Read more

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Environmentalists bristle at CIDCO inaction towards the damage of Parsik Hill in Navi Mumbai

PNT Reporter

12 Apr 2023

The Maharashtra State Human Rights Commission (MSHRC) has criticized the City and Industrial Development Corporation (CIDCO) for its "total non-action" against a private builder who has been cutting into Parsik Hill in Navi Mumbai. Environmentalists claim that this slope cutting is endangering the lives and properties on top of the hill. CIDCO had earlier entered into a Leave & License Agreement with the builder only for plantation and maintenance of part of the hill. However, the builder made a pathway and erected advertisement hoardings, for which CIDCO served notice on the builder.Read more

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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

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UP RERA enlists consultant to resolve land dues deadlock impacting Noida housing projects

PNT Reporter

12 Apr 2023

UP RERA has hired a consultant to resolve the deadlock between real estate firms and Noida and Greater Noida development authorities over nearly Rs 39,000 crore in legacy land dues. The impasse has halted registries in residential societies throughout Noida, leaving residents with incomplete amenities. The consultant is expected to submit a report within a month, proposing a potential roadmap to address the issue. Meanwhile, a meeting between UP RERA, the development authorities, and developers is scheduled to discuss the matter further, with the aim of benefiting residents, developers, and local authorities.Read more

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Property registrations up by 25% in Indore as the market heats up

PNT Reporter

11 Apr 2023

The registrar’s office in Indore has reported a high number of daily property registrations, with close to 1000 properties being registered every day. The month of March has seen a significant increase in demand for residential apartments, plots, and commercial property, resulting in an estimated income of around Rs 350 crore from the sale deeds of properties. This increase in demand has been further compounded by a rise in the collector’s guideline rates.Read more

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