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 BDA chief ordered to repay Rs 2 lakh collected from property allottee

03 Aug 2023

The Chief of Bangalore Development Authority (BDA) is instructed to return Rs 2 lakh to a property allottee following a complaint of unauthorized collection. An investigation confirms the irregularities, raising concerns about corruption. The incident prompts discussions on transparency and integrity in property allocation procedures. Authorities vow to implement reforms to prevent future malpractices, emphasizing the importance of ethical conduct in public institutions. Stakeholders hope for a corruption-free environment and increased accountability within BDA. The directive highlights the need for stringent oversight mechanisms and fosters calls for comprehensive training programs to uphold credibility and public trust.Read more

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Ludhiana civic body demolishes eight illegal structures

02 Aug 2023

In order to curb illegal construction, the Ludhiana Municipal Corporation swiftly demolished eight unapproved constructions throughout the city. The crackdown was directed at structures lacking the appropriate building plan permissions. The MC seeks to protect the city's architectural legacy while discouraging unauthorized building and fostering responsible urban growth. Before beginning construction projects, citizens have been asked to obtain the necessary approvals. The authorities have also stressed the significance of public knowledge and cooperation in upholding the city's aesthetic standards and safety requirements.Read more

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Atal Apartment scheme faces loan sanction issues putting allottees in a fix

02 Aug 2023

The Atal Apartment scheme by the Ludhiana Improvement Trust (LIT) is facing challenges as banks refuse to sanction loans to allottees due to the absence of construction activity on the project site. This has raised concerns about the project's feasibility and credibility. In response, the LIT chairman has taken proactive steps by requesting a relaxation period for allottees and assuring them of timely action and resolution. Despite the challenges, the project's focus on modern amenities and facilities shows efforts to meet housing needs for different income groups. The LIT must maintain transparency, adhere to timelines, and address staffing shortages to ensure successful completion and timely delivery of the flats to the allottees.Read more

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Delhi's NDMC introduces several policy changes for sustainable energy and improved revenue collections

01 Aug 2023

NDMC greenlights solar policy to boost grid-connected solar plants in New Delhi, aiming to cater to the city's electricity demands while also generating surplus power for export. The move comes as a significant step towards sustainable energy solutions, seeking to harness the potential of solar resources in the region. With a focus on promoting renewable energy adoption, the policy is expected to drive the establishment of solar plants, thus reducing the city's reliance on conventional energy sources and curbing carbon emissions.Read more

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Uttar Pradesh introduces Transfer of Development Rights to tackle urban congestion

01 Aug 2023

The Uttar Pradesh Housing Department has directed 29 development authorities to identify highly urbanized zones where landowners can surrender their land in exchange for Transfer of Development Rights (TDR). The cities of Lucknow, Kanpur, and Varanasi will be the first to implement the TDR concept. Under this system, landowners will receive TDR certificates in return for voluntarily surrendering their land for public purposes. The certificates can then be used to avail increased Floor Area Ratio (FAR) in developing or under development locations. The move aims to promote planned urban development and ease congestion in highly urbanized areas across the state.Read more

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Sweeping crackdown on illegal structures ushers in new era for Mumbai's Aarey Milk Colony

01 Aug 2023

Mumbai's Aarey Milk Colony is witnessing a significant crackdown on illegal structures, led by the CEO's office, resulting in over 150 demolitions. The initiative, marking a major operation against illegal constructions, is set to intensify post-monsoon. Applauded by environmental advocates, the actions aim to safeguard the forest, local biodiversity and wildlife from encroachments. Collaboration with the forest department, dairy department, MCGM, and police is in place to ensure Aarey forest becomes an encroachment-free zone.Read more

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Haryana Town Planning Department puts 300 colonizers on notice for non-payment of IDC

31 Jul 2023

The Haryana Town And Country Planning Department's recent action to issue notices to 300 colonizers, barring them from new projects and extensions, comes as a response to their failure to clear arrears of infrastructure development charges (IDC). With an outstanding amount of Rs 15,000 crore in non-payment, the department is taking a firm stance to prioritize clearing dues and resuming development projects. Critics argue that the department's leniency in the past might have contributed to the accumulation of default amounts. However, the department's actions underscore the urgency to address the larger issue of outstanding IDC dues for the region's development.Read more

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Court orders asset protection and preservation of records in Info Edge - 4B networks dispute

29 Jul 2023

The Delhi High Court has issued significant directions in the legal dispute between Info Edge (India) and 4B Networks. 4B Networks has been ordered to refrain from selling or transferring its assets and to preserve all relevant records and information during the arbitration process. The dispute arose from a financial investment made by Info Edge (India) subsidiary, Allcheckdeals India, in 4B Networks, and concerns about 4B Networks' operations and management practices. The arbitration will play a crucial role in resolving the dispute and upholding contractual obligations.Read more

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UPSIDA eases burden on allottees with late registration relief

29 Jul 2023

The Uttar Pradesh State Industrial Development Authority (UPSIDA) has announced relief for allottees who commenced their units without completing the registration process on time. The relief includes an option for registration with additional interest and lease premium rates, aiming to ease the financial burden on entrepreneurs and support the state's economic growth. While this measure is seen as beneficial for allottees, critics raise concerns about the potential impact on adhering to deadlines and administrative challenges. Nonetheless, UPSIDA's initiative aligns with the vision of Chief Minister Yogi Adityanath to boost Uttar Pradesh's economy.Read more

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Citing flood loss, Punjab & Haryana HC says preserve green areas while carving plots

28 Jul 2023

The Punjab and Haryana High Court has expressed concern over the reduction of green belt areas in cities and its impact on the drainage system. The court had called for the preservation of green areas with waterfronts to prevent interference with the natural flow of water, which can lead to devastating consequences like floods and waterlogging. The recent loss caused by floods in the region is partly attributed to haphazard construction in green areas and water bodies. The court warned against repeating mistakes seen in cities like Bengaluru and Chennai and emphasizes the importance of sustainable development practices that prioritize environmental conservation alongside economic growth.Read more

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