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 : Mangalore

Mangaluru City Corporation to identify 30,000 properties for inclusion in tax net

28 Sep 2023

The Mangaluru City Corporation (MCC) is launching an ambitious campaign to bring approximately 30,000 properties into the property tax net, as it has been revealed that 15% of the city's properties have not been contributing to taxes. The MCC will conduct a comprehensive door-to-door survey to identify these non-compliant properties and gather essential documents for taxation. This initiative aims to bolster the city's revenue and ensure all properties are accounted for in the tax system. The MCC's proactive approach promises to set a precedent for efficient governance and financial sustainability, with the survey set to begin this week.Read more

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Dakshina Kannada's upcoming IT Park progresses with RFP announcement

13 Sep 2023

Minister Dinesh Gundu Rao has announced that the Request for Proposal (RFP) for a new IT park in Derebail, Dakshina Kannada, will be unveiled within the next two months. This ambitious project, set to be executed under a public-private-partnership (PPP) model on a three-acre plot owned by KEONICS, has received government approval. There are considerations to extend the contract period for the park's developer from 30 to 60 years. Furthermore, revisions to zonal regulations for the Mangaluru Master Plan are underway. Dredging activities at the Old Port and construction of a jetty for country boats at Ullal Kodi are also in the works, along with subsidies for fishermen upgrading their boat engines.Read more

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Mangaluru Urban Development Authority updates council on revised master plan

04 Sep 2023

The Mangaluru Urban Development Authority (Muda) has revealed that the draft of the revised master plan for Mangaluru city is expected to be completed within three months. This update was shared during a council meeting held by the Mangaluru City Corporation (MCC). The MCC Commissioner stressed the importance of transparency and collaboration, urging Muda officials to engage with corporators to ensure diverse perspectives are considered in the master plan. The meeting also addressed issues related to water scarcity and property assessments. It marked the conclusion of the current mayor's term and set the stage for upcoming mayoral elections.Read more

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Mangaluru zonal commissioners authorized to grant building licenses

24 Aug 2023

Streamlined process enables citizens to secure building permits for residences and small commercial properties under 500 sqm in Mangaluru without MCC office visits. Zonal commissioners will decide on applications using assistant town planning officers' reports, within 15 days, via Nirman 2 online software. Joint commissioner oversight ensures efficacy. Around 150 monthly applications are anticipated. Previously, only the MCC commissioner handled applications exceeding 250 sqm. Public notice by MCC commissioner Anand CL cites system flaws and inconvenience as reasons for the change.Read more

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Mangaluru City Police call on landlords for thorough tenant background checks

29 Jun 2023

DCP (crime and traffic) BP Dinesh Kumar has urged landlords in Mangaluru to conduct thorough background checks on prospective tenants. The Mangaluru City police have organized public grievance redressal meetings to address community concerns and implement initiatives, including the goal of eliminating drug-related issues from the city. The police have assured confidentiality for informants and emphasized the importance of public involvement in promoting social responsibility.Read more

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