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

Nagpur's Construction and Demolition Waste Management Struggles

22 Jun 2023

Nagpur Municipal Corporation (NMC) in India has been facing significant challenges in managing the collection, transportation, and recycling of construction and demolition (C&D) waste. Despite appointing operators and issuing guidelines, the NMC has experienced delays and operational issues. The accumulation of C&D waste on major roads and residential areas has become a pressing concern, prompting the introduction of fines for polluters. The NMC aims to improve waste management by establishing a helpline for waste collection and implementing charges for bulk waste generators. However, the delays in operationalizing recycling plants and lack of action against the operators have hindered effective waste management in Nagpur.Read more

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Kokapet Lake faces pollution and shrinkage due to construction activities

22 Jun 2023

Kokapet Lake, once a pristine waterbody, has suffered from pollution and shrinkage as a result of rapid construction activities in the surrounding area. The lake has become cluttered with debris, solid waste, and algae, and its size has significantly reduced. The lack of a proper sewage system and flawed masterplan on the hydrology of the lake are contributing factors. Local residents are concerned about the government land auction in Kokapet, which may worsen the situation. Experts warn of the potential for urban flooding and emphasize the need for measures such as a Sewage Treatment Plant to address the issue of sewage pollution.Read more

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Indore region witnesses surge in real estate market, double-digit growth recorded

22 Jun 2023

The real estate market in the Indore region, inclusive of Shajapur, Dhar, Ujjain, and Dewas, is booming, recording double-digit growth since the start of the current financial year. With surging demand for commercial and residential properties, the region has registered revenues of Rs 725 crore, up 13% year-on-year. Market expansion is fueled by the inflow of IT companies, industrial area growth, and the Delhi-Mumbai Expressway. Experts predict a sustainable, robust future growth, indicating a promising trend for investors and home buyers alike.Read more

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NGT forms committee to probe industries in Faridabad's residential areas

22 Jun 2023

The National Green Tribunal (NGT) has formed a joint committee to investigate the presence of industries in residential areas of Faridabad and assess their legality. The committee comprises officials from the district administration, Haryana State Pollution Control Board (HSPCB), and Central Pollution Control Board (CPCB). The NGT's decision follows a petition highlighting pollution caused by industries in residential areas. The committee's mandate is to evaluate compliance with consent to operate (CTO) conditions and submit a factual report within two months.Read more

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NMC takes drastic measures to address dilapidated wadas

21 Jun 2023

In response to the discovery of numerous dilapidated wadas in the city, the Nashik Municipal Corporation (NMC) has embarked on a mission to ensure public safety before the impending monsoon season. Following a comprehensive survey, fresh notices have been served to occupants of these vulnerable structures, urging them to vacate. However, the NMC is prepared to take severe actions if necessary. The water and electricity supplies will be cut off for non-compliant occupants, and in extreme cases, the local police will be involved in forcibly evicting those who refuse to cooperate. The NMC prioritizes public safety and aims to avert potential mishaps during the upcoming monsoon.Read more

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Project-affected Persons to get Rs 25-40 lakh from BMC instead of 300 sq ft homes

21 Jun 2023

The Brihanmumbai Municipal Corporation (BMC) in Mumbai, India, has introduced a compensation plan for residents whose homes need to be demolished for infrastructure projects. The compensation ranges from Rs 25 lakh to Rs 40 lakh ($34,000 to $54,000) and will be provided in lieu of tenements to eligible individuals, primarily slum dwellers. This decision comes as the generation of rehabilitation tenements has been inadequate. The policy was approved in 2021, and recently, the first approval was granted to a BJP MLA for compensating slum dwellers affected by the Magathane-Goregaon road project.Read more

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NIC yet to give new rental registration software to Maharashtra

21 Jun 2023

The property registration department of Maharashtra is awaiting the delivery of new software from the National Informatics Centre (NIC) to improve the leave and license registration system. Complaints about technical glitches have been reported since April, and the updated software is expected to resolve these issues and expedite registrations. The president of the association of service providers highlighted the software's potential to streamline the process. In the meantime, citizens have faced delays in receiving complete documents. The property registration department has cleared pending documents but continues to process thousands of registrations daily, raising concerns about the reliability of the old software.Read more

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Sweeping anti-encroachment operation targets 110 structures in Bengaluru

21 Jun 2023

The Bruhat Bengaluru Mahanagara Palike (BBMP) is set to intensify its anti-encroachment drive, with plans to dismantle 110 structures in Mahadevapura and KR Puram within 15 days. This marks a revival of the campaign after the May 10 assembly elections, following which, eviction orders were issued for properties associated with 110 survey numbers identified as encroachments. The BBMP is working in close collaboration with the revenue department and surveyors to ensure smooth and legal execution of the task.Read more

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Indian Real Estate companies report strong pre-sales growth in FY23

20 Jun 2023

Residential real estate is projected to thrive as interest rates stabilize, ensuring healthy demand for the next few years. Top real estate companies excelled in FY23, reporting significant pre-sales growth, with DLF standing out by doubling its pre-sales. Despite higher launches, inventory overhangs were avoided due to improved sales velocity and strategic price hikes. The absorption rate for top cities remained steady, but renewed interest from first-time buyers is expected to drive growth. Additionally, large developers expanding into new markets will enhance industry growth. The outlook remains positive for the residential real estate sector.Read more

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Indian Government identifies stalled housing projects to assist distressed homebuyers

20 Jun 2023

The Ministry of Housing & Urban Affairs in India has directed all states and Union Territories to provide information on stalled housing projects within their jurisdictions. A committee led by Amitabh Kant has been formed to examine the projects comprehensively and propose measures for their completion. The government's initiative aims to expedite the delivery of homes to distressed homebuyers who have been awaiting possession. State governments are collaborating with homebuyers' associations to gather comprehensive data on stalled projects, facilitating the formulation of effective action plans.Read more

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