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

Single window system for property registration begins in Lucknow

PNT Reporter

11 Apr 2023

Individuals purchasing properties from the Lucknow Development Authority can now apply for registration via a single window system. As of Thursday, the LDA opened two counters (seven and nine) on the ground floor of their headquarters where applicants can submit their documents between 10:00am and 2:00pm.Read more

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Panchkula court fines HSVP for selling 'disputed' plot

PNT Reporter

11 Apr 2023

A Panchkula court has fined the Haryana Shehri Vikas Pradhikaran (HSVP) for withholding allotment of a plot and has directed the body to pay the allottee a fine of Rs 25,000 as compensation for causing mental harassment. The allottee has alleged that she had been allotted a residential plot in Sector-57, Gurugram, but had later discovered that it was under litigation and not available for possession. In spite for making the full payment, she has been waiting for fourteen years for her allotment. The HSVP tried to refund her money and offer her an inferior plot, but she refused to take either alternative.Read more

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Andhra Pradesh government to dole out housing plots for 48,000 poor people in Amaravati

PNT Reporter

11 Apr 2023

The Andhra Pradesh Capital Region Development Authority (CRDA) has announced that it will be distributing housing plots to over 48,000 economically weaker individuals from the Krishna and Guntur districts. These plots, which span over six villages and 1,135 acres, will be allocated to those who do not currently own a home in the areas of Mandadam, Inavolu, Krishnayapalem, Navuluru, Kuragallu and Nidamanuru. This initiative is part of the government's broader mission to address poverty and provide adequate housing for those in need.Read more

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Rajasthan RERA fines builder for changing sale deed

PNT Reporter

10 Apr 2023

In a significant ruling, the Rajasthan Real Estate Regulatory Authority (RERA) has issued an order stating that a builder cannot make any alterations to the draft agreement for selling flats as prescribed under RERA Rules. Additionally, the allottee, or buyer, is not required to wait for the resale of a cancelled flat booking to receive a refund from the promoter. The decision was made after a complaint was filed by a buyer against a builder for withholding a booking deposit because the cancelled unit had not yet been sold to another buyer.Read more

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Nashik civic chief instructs officials to ensure inclusion of all NMC properties in land records

PNT Reporter

10 Apr 2023

The Municipal Commissioner of Nashik has instructed all six divisional offices of the Nashik Municipal Corporation (NMC) to check if the properties owned by the civic body are included in the 7/12 extract papers. If any civic property is not included in the land records, it is to be included immediately. This move was made in response to a question raised by BJP MLA from Nashik East Rahul Dikhle during the recent budget session of the assembly. The MLA claimed that many of the civic body’s properties in newly developed areas like Makmalabad, Adgaon, Mhasul etc., have not been included in the land records.Read more

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Enforcement Directorate seizes two plots in Goa belonging to HDIL promoters

PNT Reporter

10 Apr 2023

Earlier last week, the Enforcement Directorate (ED) reported that it had seized two properties in Goa belonging to Rakesh Wadhawan and Sarang Wadhawan, who are HDIL promoters. The properties are valued at over Rs 31 crore and have been linked to an investigation into money laundering that is connected to alleged irregularities in the redevelopment of Patra ‘chawl’ in Mumbai.Read more

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MahaRERA issues notices to 261 projects with slow progress

PNT Reporter

05 Apr 2023

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has recently taken action by issuing show-cause notices to 261 real estate projects across the state. The projects in question have less than 40% of their work completed but have promised possession of their flats by December 2023. The notices were issued solely on the basis of information submitted to MahaRERA by the developers themselves. The projects are spread across different regions in Maharashtra, including 26 in Mumbai city, 94 in Mumbai suburbs, 43 in Thane, 15 in Raigad, six in Palghar, and 67 in Pune.Read more

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DDA to offer 23,000 new flats in its upcoming housing scheme

PNT Reporter

03 Apr 2023

According to senior officials, Delhi Development Authority (DDA) is set to launch its 2023 housing scheme in May, which will feature approximately 23,000 new economically weaker section (EWS) and lower income group (LIG) flats. These flats will primarily be in the Narela Subcity. The officials expect the scheme to be launched after the agenda is approved in the April meeting. The price of these flats will be determined before applications are invited, and the allotment process will be carried out through a computerized draw of lots.Read more

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Regularization law not a weapon to be utilized for illegal construction: Bombay HC

PNT Reporter

03 Apr 2023

The Bombay High Court recently dismissed a plea by a hotelier seeking orders to restrain the civic body from demolishing his illegal structures and enable him to make an application for regularization. The High Court bench of Justices Girish Kulkarni and R N Laddha rejected the plea, stating that the provision for regularization cannot be a utilized as a weapon in every case of unauthorized construction. The court also directed the municipal body not to take any coercive action against the petitioner until he removes the unauthorized commercial structure himself in four weeks.Read more

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Jammu & Kashmir to provide and lands and homes for the poor under PMAY

PNT Reporter

03 Apr 2023

In an effort to improve the living conditions of poor families in Jammu and Kashmir, the Lieutenant Governor of the Union Territory, Manoj Sinha, announced that the administration will soon provide land and homes to landless families. Currently, there is no law in J-K that provides land to the poor, leaving many families struggling to find adequate housing. However, under the new provision, houses will be built for these families under the PM Awas Yojana.Read more

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