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%

Law & Policy

Bengaluru PG owners seek relaxations amid new BBMP safety regulations

28 Oct 2024

The rising demand for paying guest (PG) accommodations in urban areas has led to regulatory challenges, especially after a tragic incident in Koramangala, which prompted the Bruhat Bengaluru Mahanagara Palike (BBMP) to introduce stricter safety guidelines. PG owners are now struggling to comply, citing high costs and operational difficulties. Key concerns include the extended 90-day CCTV footage requirement, increased space per occupant, and the cost of hiring security personnel. Many owners, already operating on thin margins, are seeking regulatory relaxations and a grace period to register their PGs, emphasising the need for a balanced approach between safety and financial sustainability.Read more

cover photo

Gurugram: DTPE cracks down on illegal constructions, seals seven homes in DLF-1

28 Oct 2024

A DTPE team, led by Manish Yadav, sealed seven houses in DLF-1 due to illegal constructions, including unauthorized modifications despite occupancy certificates. The action followed multiple complaints from residents regarding aesthetic and safety concerns. Prior show-cause notices had been issued, but property owners failed to comply, prompting enforcement on October 21. The operation was supervised by duty magistrate ATP Anish Grover and other officials, focusing on ensuring adherence to town planning guidelines and enhancing the neighbourhood's safety and aesthetics.Read more

cover photo

Karnataka construction workers protest for pension release and better working conditions

25 Oct 2024

In Mangaluru, members of the Karnataka State Building and Other Construction Workers Federation protested outside Mini Vidhana Soudha, demanding that the central and state governments address various concerns affecting construction workers. District general secretary Yogesh Jappinamogaru urged the release of overdue pensions and outstanding educational financial assistance. He highlighted unsafe working conditions, particularly for migrant workers and women facing wage discrimination and harassment. CITU district general secretary Sunil Kumar Bajal condemned previous government actions that consolidated labour laws, warning that protests will escalate if demands are not met. A campaign advocating for workers' rights was also conducted in early October.Read more

cover photo

Gurugram: DTP seals residential properties over misuse

25 Oct 2024

In a bid to tackle illegal commercial activities on residential plots, the District Town Planner (DTP) conducted a two-day sealing operation in South City 2 and Uppal Southend. On October 15, three properties were sealed, including two guesthouses and a basement gym. The following day, two more guesthouses and one unauthorized structure were sealed in South City-I and Greenwood City. Residents expressed relief, highlighting ongoing issues such as increased traffic and security concerns due to these establishments. The DTP plans to continue these operations to enforce regulations against the misuse of residential areas for commercial purposes.Read more

cover photo

Supreme Court clears way for demolition of 41 illegal buildings in Nalasopara

25 Oct 2024

The Supreme Court has dismissed a Special Leave Petition from families residing in 41 illegal buildings in Agrawal Nagari, Nalasopara, allowing the Vasai Virar Municipal Corporation (VVMC) to proceed with demolitions. The residents, served a 24-hour eviction notice, had sought relief from the Bombay High Court, which extended the eviction deadline but did not halt the demolitions. The court noted the unauthorized constructions were erected without the necessary approvals, with part of the land designated for public projects. The civic body has requested police protection to carry out the demolitions and plans to cut off utilities to the affected buildings.Read more

cover photo

Lucknow: LDA offers festive discounts on flats, savings up to INR 2.5 lakh for homebuyers

25 Oct 2024

The Lucknow Development Authority (LDA) is celebrating its 50th anniversary by offering substantial discounts on flats, with direct reductions of INR 1 lakh to INR 2.5 lakh available from October 21 to December 31. Early payment incentives provide additional discounts of up to 6% for timely payments. The available flats range from 500 to 1,900 square feet and are priced between INR 23 lakh and INR 1.08 crore. Government employees can secure flats with a 25% down payment, while the general public needs to pay 35%. Properties are located in several prominent areas, including Gomtinagar and Jankipuram, aiding homebuyers in fulfilling their ownership dreams.Read more

cover photo

Thane Municipal Corporation unveils revised development plan focusing on open spaces and recreation

24 Oct 2024

The Thane Municipal Corporation (TMC) has released a draft of its revised development plan, inviting residents to review and provide feedback within 60 days. This plan aims to enhance the city's urban landscape by introducing multiple open spaces and recreational areas. The initial development plan, approved in 1999, is now undergoing its first revision. The new plan, available on the TMC website and at municipal headquarters, addresses the city's current shortage of open space. Thane has 62 parks, 63 playgrounds, and other recreational facilities, reflecting efforts to improve residents' quality of life. Community involvement is key in shaping the city's future development and recreational spaces.Read more

cover photo

Proposed Town Planning Schemes in Pune face delays as state government awaits approval

24 Oct 2024

Delays in state approvals are jeopardising six proposed town planning schemes in the Pune Metropolitan Region, including Maan-Mhalunge and others. Designed on the Gujarat model, these projects aim to develop around 1,000 hectares but are causing uncertainty among landowners. While the central government is expected to allocate infrastructure funds, the ongoing delays may hinder the timely implementation of these vital developments.Read more

cover photo

Navi Mumbai police investigate land fraud case involving INR 68 lakh scam

24 Oct 2024

Navi Mumbai police have filed a case against four individuals for allegedly defrauding a Mumbai-based interior designer of over INR 68 lakh by falsely selling her land. The complaint, lodged at the Nerul police station, noted that one accused has died. Senior Inspector Bramhanand Naikwadi revealed that the accused sold a plot in Pali, Raigad district, to a 46-year-old victim but failed to deliver possession. Sumit Jain, who was recently murdered, is among the accused, along with real estate agent Vitthal Baban Nakde, Virendra Kadam, and Chandrakant Sawant, who allegedly impersonated the land's legitimate owner. No arrests have been made yet.Read more

cover photo

Ahmedabad's construction site CCTV mandate faces resistance over privacy issues

24 Oct 2024

The Ahmedabad Municipal Corporation's (AMC) directive requiring CCTV cameras at large construction sites to monitor dust emissions has stalled due to builders' privacy concerns. As part of AMC's 'Good Construction Practices' initiative to curb air pollution, sites over 10,000 square meters were mandated to install at least four cameras with a 20-meter range and one month of backup storage. Builders, however, argue that live surveillance infringes on privacy, leading many to resist full compliance. While some have installed cameras at entry and exit points, the AMC has faced difficulties enforcing the live feed requirement. The situation highlights the challenge of balancing environmental regulations with privacy rights in the construction sector.Read more

cover photo