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%

Top Stories

RLDA seeks bids for leasing Dibrugarh railway land

The RLDA has invited bids for leasing out a prime land parcel in Naliapool Railway Colony, Dibrugarh. Spanning 36,458.18 sq. m, the land holds immense potential for residential and commercial development. With its strategic location in the heart of the city and excellent connectivity, the site is attracting the interest of local and national-level developers. The deadline for e-bid submissions is July 26, 2023. Dibrugarh, known for its tea gardens, offers a thriving tea industry and robust local transport facilities. RLDA aims to unlock the region's true potential and stimulate economic growth through this venture.Read more

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Dilapidated building endangers 941 students at Govandi School

Due to breaches in the walls brought on by a nearby construction project, the Amarnath High School building in Govandi, Mumbai, is degrading and putting the lives of its 941 students in peril. Six classrooms have been closed by the administration of the school, while the pupils are still in danger in the open ones. Since the school's request for a neighbouring building from the Brihanmumbai Municipal Corporation (BMC) was declined, rehabilitation cannot begin without moving the school. To identify a solution that guarantees the safety of the pupils and averts similar circumstances in the future, the BMC must collaborate with the school administration.Read more

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Ingka Centres unveils Lykli, a retail social & entertainment destination

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

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

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

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

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

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

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

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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