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

Four lakh owners in Bengaluru issued unique property ownership records cards

PNT Reporter

08 May 2023

The Urban Property Ownership Records (UPOR) project in Bengaluru has provided over four lakh property owners with digitized and georeferenced property cards that contain a unique land property identification number. The project aims to issue such cards for all 25 lakh properties in the Bruhat Bengaluru Mahanagara Palike (BBMP) limits. The UPOR project is being implemented by staff at Survey Settlement and Land Records (SSLR).Read more

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VMRDA's upcoming land auction in Vizag: A litmus test for the real estate market

08 May 2023

The Visakhapatnam Metropolitan Region Development Authority (VMRDA) is offering a 10% discount on the price of seven bulk land parcels that failed to sell at auction in September 2022. The auction is set to take place on May 11, and the deadline for applications is May 9. Buyers will have to bid above the upset price per square yard, and all the money involved in the transaction must be shown in white. The auction may affect private real estate ventures in the area and is expected to receive good interest.Read more

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Goa: Draft town & country planning rules permit farmhouses on agriculture land

PNT Reporter

08 May 2023

Goa's TCP department has proposed new construction norms for green zones, which permit the construction of sports complexes, religious structures, yoga centres, and farmhouses. The draft regulations aim to balance development with environmental concerns and have a 30-day window open for stakeholders to voice their objections. The proposed changes include minimum land size requirements, height restrictions, and maximum built-up areas for each type of construction. The TCP department has also suggested allowing the "common use" of open spaces and regularizing unauthorized structures.Read more

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New township policy in Uttar Pradesh to focus on planned development

PNT Reporter

05 May 2023

The state government of Uttar Pradesh is set to introduce a new township policy to tackle housing and urbanisation issues. The policy aims to promote affordable housing through private investment and create an investment-friendly environment for private developers by offering incentives and exemptions. The government will develop affordable housing with the assistance of private players to maintain balance in the regional disparity in urbanisation. The minimum size of land for development will be 12.5 acres in towns with a population of fewer than 2.5 lakh and 25 acres in bigger towns.Read more

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Current building by laws not conducive to growth of trees in Ahmedabad

PNT Reporter

05 May 2023

The civic body in Ahmedabad has cleared construction plans for thousands of residential and commercial buildings, but urban planners say tall buildings with multi-level basement parking are hindering tree growth. Despite leaving margin spaces around the buildings for trees, the small margin of 3m in the basement is not enough for trees to grow roots. Green roofs and walls, and permeable pavements are possible solutions to increase space for plants to grow while also improving air quality and reducing the urban heat island effect.Read more

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Uncertainty looms over Pune's municipal town planning scheme following area demerger

PNT Reporter

05 May 2023

The demerger of Uruli-Phursungi from the Pune Municipal Corporation (PMC) has cast uncertainty over the future of the city's town planning scheme. The newly formed municipal council, now responsible for these areas, may struggle to execute the project due to a lack of resources, expertise, and infrastructure. Experts urge other government bodies to step in and ensure the town planning scheme's continuation, which is vital for the rapidly developing areas covering 371 hectares of land.Read more

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Maharashtra's urban development department to evaluate five Pune town planning proposals

PNT Reporter

05 May 2023

Maharashtra's urban development department is set to decide the future of five proposed town planning schemes in the Pune Metropolitan Region. The plans, spanning 751.55 hectares, will be established in Wadachiwadi, Autadewadi Handewadi, Manjari Kolwadi, and Holkarwadi, subject to state approval. The schemes, modeled on the successful Maan-Mhalunge town planning scheme, will ensure landowners regain 50% of developed plots, fostering a mutually beneficial development process. The projects are part of a larger vision for the 128-km PMRDA inner ring road.Read more

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Nashik Municipal Corporation plans extensive survey to legalize unauthorized settlements

PNT Reporter

05 May 2023

The Nashik Municipal Corporation (NMC) is set to survey unauthorized city settlements, potentially leading to their legitimization. Prompted by the state government, the NMC will assess the feasibility of regularizing these slums, submitting their findings to aid in the state's decision. Of the 159 slums identified in a 2017-18 survey, 55 have been authorized, leaving 104 under consideration. This move could enhance living conditions for around 1.94 lakh residents, marking a significant stride towards urban planning and social inclusion.Read more

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Builders in Rajasthan not filing quarterly progress reports of their projects

PNT Reporter

04 May 2023

Many realtors in Rajasthan are not complying with the mandatory requirement of filing online quarterly progress reports of their registered projects, according to the Rajasthan Real Estate Regulatory Authority (RERA). The QPR is designed to provide transparency and keep investors informed about the financial health of the developers. The lack of adherence to the rule is causing anxiety among buyers and has prompted calls for more stringent action from the RERA to safeguard buyers' rights and protect the integrity of the real estate market in Rajasthan.Read more

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Greater Noida: Eight housing plots on offer in new township

PNT Reporter

04 May 2023

The Integrated Industrial Township Greater Noida Limited (IITGNL) has approved a residential and commercial scheme, including eight plots ranging from 17,400 to 56,300 sqm. The IITGNL board has also approved an increase in ground coverage on industrial plots from 35% to 55% to encourage more investors. The township is located near Dadri on 747 acres of land and is part of the Delhi-Mumbai Industrial Corridor, with a plug-and-play infrastructure and automatic solid waste management system. The scheme is expected to attract more investors and contribute to the growth of the township.Read more

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