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

Failure to demolish illegal constructions on Aravali lands sparks criticism in Gurgaon

PNT Reporter

13 Jun 2023

The district administration in Gurgaon, India, is facing criticism for failing to comply with an order from the National Green Tribunal (NGT) to demolish illegal constructions on protected Aravali lands. Despite the NGT's directive and the presence of numerous farmhouses built illegally, construction activities continue, leading to concerns raised by environmentalists. Activists question why authorities have not taken action to enforce the NGT's orders and protect Aravalis as mandated.Read more

cover photo

EV manufacturing to create real estate demand of 13million Sqft by 2030

PNT Reporter

12 Jun 2023

India's real estate consulting firm CBRE has reported that the manufacturing facilities for 4-wheeler and 2-wheeler electric vehicles (EVs) will require approximately 13 million sq. ft. of real estate by 2030. This surge in demand is attributed to the government's EV adoption targets. The report also highlights the exponential growth of EV battery manufacturing facilities, which would need 2,400 acres of land to produce 200 GWh of batteries by 2030. These expansions are expected to enable a production capacity of around 4 million units of 4-wheelers and 23 million units of 2-wheelers by 2030.Read more

cover photo

Manpower shortage hampers fire inspections in Ludhiana

PNT Reporter

12 Jun 2023

Fire officials in Ludhiana have notified 25 commercial establishments lacking fire safety protocols but are unable to conduct subsequent inspections due to manpower shortages and time constraints. The municipal corporation had assured appropriate measures will be taken to ensure safety precautions in commercial enterprises. Inspections are scheduled for institutes this week, and penalties up to Rs 25,000 will be imposed if irregularities are not rectified within 30 days. Lack of fire safety equipment and No Objection Certificates (NOCs) is a common issue.Read more

cover photo

Ghaziabad Development Authority faces massive compensation claim for land acquisition

PNT Reporter

12 Jun 2023

The Ghaziabad Development Authority (GDA) may be liable to pay increased compensation of Rs 1,000-1,200 crore to farmers for the land procured for the Indirapuram and Vaishali residential developments between 1986 and 1989. The Allahabad High Court will review the GDA's petition on July 12, challenging the higher compensation rate of Rs 297 per square yard established in 2017. The GDA is exploring options to recover the additional costs from developers, while Apartment Owners' Associations and Residents' Welfare Associations oppose passing on the increased compensation to flat owners.Read more

cover photo

Delhi's civic authority unveils smartphone application for property geo-tagging by taxpayers

PNT Reporter

12 Jun 2023

The Municipal Corporation of Delhi (MCD) has introduced a mobile app enabling taxpayers to geo-tag their properties, ushering in a more transparent property tax regime. The MCD App, available for Android now and iOS soon, allows residents to pinpoint their assets on a map via unique geographical coordinates, ensuring precise location-based identification and improved service delivery. Officials have urged residents to download the app and geo-tag their properties promptly, fostering the city's holistic development.Read more

cover photo

Unveiling India's New Parliament: A journey through time, cost, and features

PNT Reporter

09 Jun 2023

India's new Parliament building was recently inaugurated by PM Narendra Modi, replacing the 90-year-old structure. Boasting a capacity for 1,272 individuals in the Lok Sabha, the new building cost ?836 crore and covers an expansive 64,500 square metres. With cultural highlights from across the country, it mirrors India's rich heritage. The edifice was conceived to address the space constraints faced in the old Parliament during joint sessions. The new construction marks a significant milestone in India's democratic journey, embodying a blend of tradition and modernity.Read more

cover photo

Prolonged delays in uploading property transaction records stall real estate deals in Gujarat

PNT Reporter

09 Jun 2023

Missing property transaction records from 1993 to 2007 in Gujarat have caused significant frustrations among buyers and sellers. The state revenue department's directive, mandating the digitization of property data, has hit a roadblock due to the missing historical data and officials' reluctance to provide physical documents. Jenu Devan, the superintendent of stamps, assured that they are actively working to resolve this issue and make the missing data available online soon.Read more

cover photo

Maharashtra launches Asia's biggest urban renewal project in Thane City

PNT Reporter

09 Jun 2023

Maharashtra launched Asia's largest urban renewal project in Thane city on June 5th. The Joint Colonies Redevelopment Project encompasses 45 schemes, transforming dilapidated buildings into safe, modern complexes over 1500 hectares. With dedicated facilities ranging from healthcare to women's empowerment centres, the project is set to radically improve living standards. Chief Minister Eknath Shinde and Deputy Chief Minister Devendra Fadnavis were present at the inauguration of this initiative, conceptualized by renowned architect Hafiz Contractor.Read more

cover photo

Hundreds stripped of homes in Panchkula demolition drive

PNT Reporter

09 Jun 2023

In a contentious move by the Haryana Urban Development Authority (HUDA), nearly 300 families were evicted following the swift demolition of Fatehpur Colony, Panchkula. Despite the residents' claims of regular tax payments and procured stay orders, their pleas for a two-day extension were dismissed. This large-scale operation, paradoxically, spared an illegally constructed temple. Amid conflicting statements and rising discontent, this incident underlines the urgent necessity for just housing policies.Read more

cover photo

Low response to piped water connections for high-rises in Rajasthan

PNT Reporter

09 Jun 2023

The initiative by the Rajasthan government to provide piped water connections to high-rise buildings in Jaipur and other cities has faced a lacklustre response. As of now, only five applications have been received by the Public Health and Engineering Department (PHED). The slow uptake can be attributed to various factors, including the absence of water connections in certain areas and the financial challenges faced by residents in collecting the one-time connection charges. PHED officials, however, remain optimistic, stating that these are initial difficulties and expect the system to be streamlined in the future, with builders taking the lead in applying for connections.Read more

cover photo