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%

Top Stories

Ingka Centres unveils Lykli, a retail social & entertainment destination

11 Jul 2023

The introduction of Lykli, a new brand from Ingka Centres, a major operator in commercial real estate, has been announced. Lykli seeks to transform the retail sector by developing cutting-edge gathering spaces. The first Lykli meeting place, which will be anchored by IKEA and will open in late 2025 in Gurugram, New Delhi, will have a vibrant mix of restaurants, entertainment, top-rate office space, national and international retail brands, and areas for hosting community activities. Lykli Gurugram wants to create a sense of neighbourhood while giving people's health top priority, and leading the way in environmentally friendly mixed-use developments.Read more

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Delhi government proposes fine for properties lacking functional RWH

11 Jul 2023

The Aam Aadmi Party (AAP) government in the national capital recently presented a report to the National Green Tribunal (NGT), suggesting an increase of 50 percent in penalties for non-residential units. The report highlights the need for stricter measures to enforce environmental regulations. According to the AAP government, this higher penalty would serve as a deterrent and encourage non-residential units to comply with the prescribed norms. The proposal aims to ensure greater accountability and adherence to environmental standards in commercial and industrial establishments.Read more

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MCD set to launch largest C&D Waste Plant at Burari next month

11 Jul 2023

The Municipal Corporation of Delhi (MCD) has initiated trial runs for its largest construction and demolition (C&D) waste plant located in Burari. With a daily processing capacity of 2,000 tonnes, the plant is expected to be fully operational next month. It aims to meet the waste disposal requirements of government agency sites and local residents in six zones, including Civil Lines, Paharganj, and Karol Bagh. Government agencies can deposit waste after paying processing fees, while private players will be charged for transport and processing from their homes.Read more

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Godrej Interio secures interior and MEP contract for Cochin Airport’s Heritage Terminal

10 Jul 2023

Godrej Interio, the furniture solutions arm of Godrej & Boyce, has clinched the interior and MEP contract for Terminal 2's transit accommodation at Cochin International Airport. This development marks the third collaborative venture with Cochin International Airport Limited (CIAL) since 2015. Spread over 55,000 sq ft, the project includes a range of services, from civil finishes to fire protection. The revamped transit accommodation space is set to be unveiled to the public in 2024. This partnership reaffirms Godrej Interio's commitment to infrastructure development, underlining its contribution to India's economic growth.Read more

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Rajasthan Mining Department plans auction of 100 hectare sand mining blocks

10 Jul 2023

To enhance the supply of sand and stop illicit mining, the mining department in Rajasthan proposes to auction 100-hectare sand mining blocks in each district. After locating the blocks, the mining department is responsible for creating a detailed project report (DPR). The survey will be finished in four months. In order to control the business, guarantee legal compliance, and stop unlawful activities that present environmental and economic issues while meeting Rajasthan's demand for sand resources, it has been decided to auction off mining blocks in each district.Read more

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Residents evacuated after floor collapse in Mumbai residential building

10 Jul 2023

In a late-night incident in Mumbai's Malad West, nearly 20 families were evacuated from a building after a floor in one of the flats collapsed, resulting in two injuries. The affected flat was located on the fourth floor of Navjivan Cooperative Housing Society's C wing in Evershine Nagar. Following an inspection by BMC officials, the residents were asked to immediately vacate the premises due to safety concerns. The injured individuals are reported to be in stable condition. The building's redevelopment is underway, with plans to demolish it if necessary.Read more

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Tamil Nadu Housing Board residents at Avadi up in arms over lack of facilities

08 Jul 2023

Residents of Tamil Nadu Housing Board (TNHB) in Avadi staged a demonstration due to various problems such as lack of water supply and incomplete infrastructure facilities. Despite promises made by TNHB, drinking water is still not available in certain wards, and the stormwater drain remains unfinished, causing water stagnation. Residents are also concerned about the safety of children near a canal. Additionally, they allege that TNHB is attempting to sell plots designated for essential facilities. The Avadi Corporation commissioner has assured residents that measures are being taken to address these issues and provide a reliable water supply.Read more

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Residents in Chander Kunj Army Towers in Kochi demand accountability for substandard construction

08 Jul 2023

Residents of Chander Kunj Army Towers in Silver Sand Island, Vytilla, are living in fear as serious structural issues have rendered their homes unsafe. Reports from reputable agencies have highlighted design flaws, substandard construction, and the use of low-quality materials. The buildings have a limited service life of only 10 years unless extensive strengthening measures are undertaken. Residents have taken legal action against the Army Welfare Housing Organisation (AWHO) and accused them of concealing construction irregularities. The plight of the residents emphasizes the need for accountability and highlights the importance of stringent oversight in housing projects.Read more

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Residents of Gurugram's DLF 2, Sector 56, and Ardee City frustrated with daily power cuts

08 Jul 2023

Unplanned daily power outages spanning six to twelve hours have been impacting water supply for residents of Gurugram's DLF 2, Sector 56, and Ardee City. The DISCOM has come under fire for its poor supply and inaction regarding complaints. Disruptions have been brought about by problems with the power infrastructure, such as low voltage, fluctuation, and tripping. Residents have reported subterranean cable faults, substation failures, and problems at the powerhouse despite the fact that authorities have showed little interest. The DHBVN disputes the existence of a power shortfall, attributing blackouts to regional faults, and guarantees monitoring through an ongoing smart grid initiative in the region.Read more

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Audit unveils misuse of property identification in Karnal as transparency initiative backfires

07 Jul 2023

The recent audit by the Office of the Accountant General reveals misuse of property IDs in Karnal, Haryana. The IDs, introduced to promote transparency in property transactions, were misused to register properties in unauthorized areas, avoiding necessary regulations. The audit also highlighted significant encroachments on emergency access routes in Gurgaon. These findings underscore the need for stricter oversight in Haryana's real estate transactions.Read more

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