Kotak Mahindra Bank: RLLR: 0.75 | From: 8.7% - To: 10.5%
Union Bank of India: RLLR: 0.5 | From: 8.5% - To: 10%
Bank of Baroda: RLLR: 0.5 | From: 9.25% - To: 11%
HDFC Bank: RLLR: 0.75 | From: 8.5% - To: 8.8%

Location : New Delhi

DDA expands land pooling consortiums to boost urban development

PNT Reporter

The Delhi Development Authority (DDA) is set to issue conditional notices to landowners in four additional sectors, which have now met the eligibility criteria for forming consortiums under the land pooling policy (LPP). These sectors include 7A, 7B, and 7C in Zone P-II and Sector 11 in Zone N. The move aims to promote planned urban growth and infrastructure development, as consortiums of landowners will take the lead in planning and engaging developers for residential and commercial properties. The DDA will primarily sanction layout plans and provide support throughout the process.Read more

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Municipal Corporation of Delhi begins building survey as part of “Pre-Monsoon Measures”

PNT Reporter

Last week, the Municipal Corporation of Delhi began a process to locate buildings in the city that are considered unsafe. The purpose is to either demolish or repair these structures before the monsoon season to avoid any accidents. The civic authority has instructed its field staff to begin their annual survey of buildings and houses in their respective areas. The survey is expected to be completed by June 30.Read more

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Delhi court orders Gopal Ansal to be put on trial in cheating case

PNT Reporter

Real estate tycoon Gopal Ansal has been ordered to stand trial for allegedly cheating and defrauding a private company and its promoters in the name of investment in a building at Connaught Place in Delhi in 1991. He faces charges of cheating, forgery and criminal conspiracy, while Sushil Ansal, a director of Ansal Properties, has been discharged. The complainant, Sachdeva & Sons Industries, had invested in Statesman House through an employee who was known to Gopal Ansal, but later discovered that receipts were issued only in the name of the employee and that the money was diverted to book a flat for him.Read more

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HC questions Noida Authority about the launch of Sports City prior to purchasing the land

PNT Reporter

The Noida Authority has been asked by the Allahabad High Court to explain why it took legal action against the developer for failing to finish Sports City on schedule while it was still waiting for all of the land required to complete the project. The court also requested information from the Authority CEO regarding the efforts the Authority was taking to make the remaining land accessible for the project. The court was deliberating a plea submitted by ATS Homes, the principal developer chosen to build the Sports City and an international-calibre cricket facility in Sector 52. The project is meant to be built on 125 acres, but the developer has only received roughly 25 acres so far.Read more

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Delhi HC orders joint task force to combat illegal sand mining along Yamuna River

PNT Reporter

The Delhi High Court has ordered the formation of a joint task force between Delhi and Uttar Pradesh police to address illegal sand mining along the Yamuna River. The court emphasized the environmental impact and urgency of the issue and directed the task force to regularly monitor river banks and ensure proper pickets are posted. The formation of the task force aims to protect fragile ecosystems and enforce stronger regulations to safeguard India's rivers from the consequences of illegal sand mining.Read more

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Delhi-RERA and NAREDCO collaborate to launch National Institute of Real Estate Development

PNT Reporter

Delhi-RERA and NAREDCO have partnered to create the National Institute of Real Estate Development (NIRED) to promote capacity building in the real estate, construction, and infrastructure sectors. NIRED will provide training courses for various stakeholders in the industry and promote awareness of the Real Estate Regulation and Development Act 2016. By focusing on skill development, emerging trends, and technologies, NIRED aims to bridge the skill gap, enhance transparency, and contribute to the overall growth and modernization of India's real estate market.Read more

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Missing data on 82 Delhi slum clusters sparks urban development inquiry

PNT Reporter

The Urban Development Department has requested details from the Delhi Urban Shelter Improvement Board (DUSIB) on 82 new slum clusters identified for rehabilitation, but DUSIB has yet to locate the related file. The list was briefly published on DUSIB's website before being removed, raising concerns about transparency and accountability. The inquiry highlights the need for better communication and coordination between government agencies to ensure proper rehabilitation and support for vulnerable communities living in slum clusters.Read more

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Four years on, DDA finds two land parcels eligible to develop under land pooling policy

The Delhi Development Authority (DDA) has finally found two parcels of land in north Delhi that are eligible for development by a consortium under the land pooling policy. According to a DDA official, landowners in Zone P-II, Sector 8B have expressed interest in pooling their land and have met the policy's eligibility conditions. The land developer can now prepare a layout plan for a group housing society or plotted real estate, depending on feasibility.Read more

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