2022-09-07
Canara Bank has hiked the benchmark 'marginal cost of funds-based lending rate' (MCLR) by up to 0.15 per cent, a move that will make loans costlier. The benchmark one-year MCLR will be 7.75 per cent against the existing rate of 7.65 per cent. The one-year rate is used to fix most consumer loans such as auto, personal and home loans.
2022-09-07
The wait for land allocation for the information technology (IT) park in Rajkot has got longer due to procedural delays. The Rajkot Information Technology Association (RITA) has tasked a private consultant to prepare a detailed project report (DPR) to convince the government agencies about its economic benefits.
2022-09-07
GURUGRAM: The department of town and country planning (DTCP) has banned registration of properties and execution of sale deeds in Palam Vihar over non-payment of external development charges (EDC) and internal development charges (IDC) and non-renewal of licence. The residents, who are facing a tough time due to DTCP action, have demanded that restrictions be imposed on properties owned by the developer and not them.
2022-09-07
A home-buyer, Venugopal, who had dragged an Anna Nagar-based builder to a consumer court flagging defects in the flat purchased by him has been granted ₹50,000 compensation for rectification of defects and another ₹20,000 for mental agony. Vardhaman Construction and Investment owned by G Sundararajan, sold 586 sqft of undivided share of plot in Ayanavaram for ₹12.95 lakh to Venugopal in 2009.
2022-09-07
A portal was launched where people can apply for no objection certificates (NOC) of plots and other properties in unapproved colonies. This will give a huge relief to the people of Ludhiana. According to the businessmen, there are more than 30,000 residents who need NOCs.
2022-09-07
Global real estate developer, owner and operator Tishman Speyer has entered into a strategic alliance with listed realty developer Ganesh Housing Corporation (GHCL) to jointly develop a Special Economic Zone (SEZ) project in Ahmedabad. Currently, Ganesh Housing has around 64 acres earmarked for SEZ development at a prime location behind Nirma University in the city. The first phase of the SEZ, which will be jointly developed by Tishman and GHCL, will be of around 1.2 million sq ft of gross leasable area.
2022-09-06
NEW DELHI: The Municipal Corporation of Delhi (MCD) has initiated a tendering process for digitisation of its 10,000 properties, including maps, documents, and files, in a retrievable format. Officials said that the hard copy/original documents of some of these properties are lying in a deplorable state and their digitisation is a must for future reference.
2022-09-06
The water resources department has notified the Community Harnessing and Harvesting Rainwater Artificially from Terrace to Aquifer (CHHATA) scheme, which was recently approved by the state cabinet at an investment of Rs 270 crore. Any person owning a building having a roof area less than 200 square metres and not more than three floors in the specified civic bodies will be eligible to apply under the scheme, the guidelines said.
2022-09-06
BMC's recent stop-work notice slapped against India's largest cluster redevelopment project at Bhendi Bazaar pegged at Rs 4000 crore. Construction on the first phase of the work began in 2016 and was completed in 2019, rehabilitating 610 families and 128 businesses in two towers named Al Saadah or prosperity.
2022-09-06
In a bid to reduce wastage of water, improve service and fulfill the mandate of the funding agency, World Bank, Metrowater has undertaken the task of metering every household in the city in the next five years. In the first phase, meters will be fixed in 50,000 commercial establishments, multi-storey buildings, apartment complexes and partly commercial establishments by March 2023. An assessment will be done and a metering policy framed.
