loader

Propjini CRM

Daily interesting real estate news

DHFL bank fraud: Court grants interim bail to businessman in Rs 34,615 crore scam

A Delhi court granted interim bail to businessman Ajay Ramesh Nawandar, arrested in a Rs 34,615 crore bank fraud case involving Dewan Housing Finance Limited, considering deterioration in his medical condition. The application seeking bail disclosed medical grounds for release which were corroborated by the report from the Medical Officer In-charge of the jail dispensary, the judge noted.

Punjab National Bank hikes MCLR by 0.05% across tenors

Punjab National Bank has raised the marginal cost of funds-based lending rate (MCLR) by 0.05 per cent across tenors, making most of the consumer loans costlier. ​The benchmark one-year tenor MCLR, which is used to price most consumer loans such as car, auto and personal, will be at 7.70 per cent against the existing 7.65 per cent.

Assam Land and Revenue Regulation to be amended to counter unabated encroachment

State cabinet has decided that Assam Land and Revenue Regulation, 1886 to be amended to counter unabated encroachment on over an estimated 10,897 bigha Bhoodan & Gramdan land. The amendment will involve vesting lands under the control of Assam State Bhoodan Gramdan Board to the Government, providing rights to the grantees.

Noida: Nine group housing plots up for grabs in sectors 146, 151

The Noida Authority has launched a group housing plot scheme in sectors 146 and 151, wherein nine plots ranging from 7,800 to 94,000 sqm will be allotted through e-auctions. The Authority has made several changes to the allotment policy to ensure that buyers don't get cheated while it gets full payment on time. Six plots ranging 18,000- 20,000 sqm are available in Sector 151 while three plots in Sector 146 range from 7,800-94,000 sqm.

NCDRC penalises Raheja developer for delay in Revanta project in Gurugram

The National Consumer Disputes Redressal Commission (NCDRC) has penalised real estate developer Raheja and have ordered refund along with interest for delaying its project ‘Revanta’ at Sector 78, Gurgaon. The order came on the complaint of 30 homebuyers who had sought relief from commission. According to homebuyers the project is already delayed by 4-5 years and at the pace construction is on, it will take another four years to complete it.

District administration, Indore development body explore new avenues to raise revenue

Indore district administration, with help of Indore Development Authority (IDA), is exploring a new source of generating revenue by developing residential and commercial properties on the government land and selling the same. Collector Manish Singh and IDA CEO Ramprakash Ahirwar reviewed the land pooling process for TPS-1, 2, 3, 4, 5, 7, 8, 9 and TPS-10 proposed in Indore.

Mumbai: 2,200 police families in BDD chawls to get flats

Around 2,200 police families in BDD chawls will get 500 sq ft flats for Rs 15 lakh each. These are part of 2,900 police quarters owned by the Mumbai Police commissioner. The balance 900 flats will be handed over to the commissioner. The housing department issued a GR on Tuesday after the decision was announced in the legislative assembly by deputy CM Devendra Fadnavis, who also holds the housing portfolio.

Maan-Mhalunge scheme to be implemented in next six months: PMRDA

The PMRDA commissioner reviewed the project and said that work will be put on the fast track. He reviewed the 36-metre road work, which has been proposed from Hinjewadi to Mercedes-Benz International School.The PMRDA has allocated Rs100cr for the town planning scheme. The Maan-Mhalunge town planning scheme is modelled on Gujarat’s town planning scheme.

Eye on expansion, Hidco set to survey 20,000 acres around New Town, Rajarhat

Housing Infrastructure Development Corporation (Hidco) will conduct a detailed land survey in the 20,000-acre neighbourhood areas of New Town and Rajarhat. The survey aims to prepare a base map and land use development plan for development and planned urbanisation. The land survey will cover a total of 30 mouzas under different gram panchayats like Jyangra Hatiara, Patharghata, Mahisbathan II, Rajarhat Bishnupur and the erstwhile Rajarhat Gopalpur municipality that now falls under Bidhannagar Municipal Corporation.

Rajasthan CM pulls up civic officials for delaying lease deed distribution

Chief minister Ashok Gehlot pulled up officials of civic bodies for the slow speed of lease deeds distribution in Prashasan Shehron Ke Sang campaign. The government introduced hoards of amendments and decided to give lease deeds for just Rs 500, officials were dilly dallying in giving lease deeds. The CM also announced the launch of Indira Gandhi Urban Employment Guarantee Scheme from September 9. He said 1.5 lakh people have already registered for the job.