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

BMC responds to industry feedback, alters tin sheet height requirement

24 Nov 2023

The Building and Construction Department (BMC) has decided to lower the initially proposed height requirement for tin sheets at construction sites from 35 feet to 25 feet. This decision follows concerns raised by developers and architects about the structural stability of taller tin sheets. While a formal order confirming the change is pending, the BMC is recommending the use of a green cloth above 25 feet. Experts have highlighted the on-site challenges posed by the original guidelines, emphasizing the importance of sturdy sheets to prevent life-threatening incidents. The BMC is also urging other authorities to establish flying squads to monitor compliance with air pollution guidelines.Read more

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Gujarat Government to merge Narmada Dam resettlement colonies with villages in Gujarat

24 Nov 2023

The Gujarat government plans to integrate 80 Narmada dam project resettlement colonies into nearby villages, per an official statement. These colonies, built by the Sardar Sarovar Punarvasvat Agency, aimed at rehabilitating families affected by dam-induced displacement. The inclusion involves merging nine colonies in Bharuch, 14 in Chhota Udepur, 13 in Narmada, 38 in Vadodara, five in Panchmahal, and one in Kheda districts with their closest villages. This move allows residents access to village services and involvement in local decision-making. The decision follows representations to panchayats and housing departments for the incorporation of these colonies into village limits.Read more

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Tamil Nadu unveils 4,272 affordable flats and modernizes land measurement with F-Line online service

24 Nov 2023

Tamil Nadu Chief Minister M K Stalin inaugurated 4,272 flats constructed by the Tamil Nadu Urban Habitat Development Board across nine districts, costing Rs 453.67 crore. A newly built multi-storeyed apartment housing with 32 units in Palayamkottai, Tirunelveli district, worth Rs 31.26 crore, was also unveiled under the 'Housing For All' scheme. These flats measure 400 square feet each and cost Rs 9.77 lakh, with a contribution of Rs 1.65 lakh from each beneficiary. The Chief Minister also inaugurated Cooperative department warehouses and distributed sanction orders to 100 differently-abled individuals, commemorating M Karunanidhi's birth centenary. Pattas were given to those affected by Neyveli Lignite Corporation's expansion. The F-Line online service was also launched to modernise land measurement.Read more

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Slum dwellers reluctant to accept affordable housing in Bhubaneswar's redevelopment zones

24 Nov 2023

Slum dwellers in Bhubaneswar are hesitant to move into the affordable housing projects, newly constructed for them in Chandrasekharpur and Saheed Nagar. BDA officials express the aim to provide quality housing for those affected by slum redevelopment. The apartments, with a built-up area of 300 to 320 square feet, are deemed too small for even a small family to live comfortably. Residents cite inadequate parking space, security, and the absence of service elevators as concerns. With the project ready for inauguration, and the allotment process set to commence in phases post-inauguration, it remains to be seen how things would proceed.Read more

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NIA seizes over 350 properties of terror suspects since 2019 amendments

24 Nov 2023

In the wake of significant amendments to the Unlawful Activities (Prevention) Act in 2019, the National Investigation Agency (NIA) has been actively seizing properties linked to terror suspects, with a notable surge in such actions observed in 2023. Since the amendments, which conferred the Director General of NIA with the authority to approve property seizures in relevant cases, the agency has confiscated over 350 properties, attaching 215 of them in the current year. This marks a substantial increase in comparison to the period preceding the legislative changes.Read more

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BMC files notice against a private developer no non-compliance with air pollution norms

23 Nov 2023

On Monday, the BMC's K-West ward filed an FIR against a private developer for non-compliance with air pollution mitigation measures at a construction site in Vile Parle (West). Despite receiving guidelines and a subsequent stop-work notice, the developer allegedly failed to implement a 25-ft tall sheet fencing around the site. The FIR, filed under IPC Section 291, reflects the BMC's strict approach to enforcing environmental regulations. The formation of specialized squads and the legal action underscore the municipality's commitment to monitoring and ensuring compliance with air pollution guidelines in construction projects, setting a precedent for developers to adhere to mandated measures.Read more

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Odisha Chief Minister inaugurates 1,700 housing units for EWS through 2 projects in Bhubaneswar'

23 Nov 2023

Odisha Chief Minister Naveen Patnaik is set to inaugurate 1,700 housing units for the urban poor, a result of the 2015 Housing for All in Urban Areas policy. Constructed through a public-private partnership by the Bhubaneswar Development Authority, these projects integrate social infrastructure. Buddha Vihar, a greenfield initiative, targets 2,600 housing units for the economically weaker sections. The EWS houses, ranging from 23 to 30 square meters, aim to ease financial burdens through bank loans. Keshari Residency pioneers slum redevelopment, symbolising a commitment to inclusive and sustainable urban development.Read more

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Ludhiana's UID Milestone: 1000 properties out of 4,25,000 now equipped with UID plates

23 Nov 2023

Despite a two-year delay, Ludhiana's Municipal Corporation has launched the installation of Unique Identity Number (UID) plates, funded by the Smart City Mission. This transformative project aims to enhance civic services and modernise the city. The UID plates, featuring QR codes, facilitate seamless access to property details. While residents benefit from streamlined services, concerns arise in areas like Dhandhari, reflecting the hesitation to providing such amount of transparency nevertheless MC Commissioner Sandeep Rishi expresses confidence in achieving technological advancements and urban development through projects completion.Read more

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Kochi's CSML-funded housing complexes to be ready by 2024

23 Nov 2023

Kochi is advancing the construction of two housing complexes designed for slum dwellers in West Kochi. The Thuruthy complex, led by the Kochi Corporation and financially supported by Cochin Smart Mission Ltd (CSML), is utilizing approximately Rs 18 crore from Rajiv Awas Yojana (RAY) and Rs 21 crore from CSML. The Mattancherry complex, overseen by CSML, is a ground-plus-13-floor development costing Rs 44 crore. Despite delays in approvals from the Kerala Coastal Zone Management Authority for the Mattancherry project, the set completion date remains steadfast at February 2024. The timely commissioning of these complexes is crucial for urban development and addressing housing challenges in Kochi, underscoring the need for efficient project management and adherence to deadlines.Read more

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Gujarat High Court initiates inquiry into windmill installation on Government land

23 Nov 2023

The Gujarat High Court has responded to a petition by Valibhai Vajibhai, probing Bhuj Wind Energy Pvt Ltd's installation of windmills on government land. Alleged breaches include disregarding local laws, encroachment on the petitioner's farm, and environmental disruption. The petitioner seeks cancellation of the lease, compensation, and stricter adherence to regulations. The case highlights corporate responsibility, environmental impact, and agricultural welfare. This legal battle holds implications for renewable energy policies, emphasizing the need for transparent practices and sustainable development.Read more

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