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

Gurugram civic body to fix property tax data errors via camps

PNT Reporter

In Gurugram, the Municipal Corporation (MCG) conducted correction camps to address inaccuracies in the property tax data. A survey conducted by a private organization revealed that the newly generated property IDs contained inaccurate information, causing residents to express dissatisfaction. The local government has been slow to correct the inconsistencies, leading to multiple complaints from residents who are unable to pay their property taxes. Most services for citizens, including addressing grievances and creating property IDs, have been removed from the online system, leaving the No Dues Certificate (NDC) portal as the primary channel for concerns.Read more

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Massive survey launched in Gurugram to monitor dust pollution compliance at construction sites

PNT Reporter

In accordance with the CAQM directives, the Haryana State Pollution Control Board is undertaking a city-wide survey in Gurugram to ensure larger construction sites are adhering to mandatory dust pollution measures. Shockingly, of the estimated 3,000 sites, only 5% have registered on the government's dust pollution control portal. Sites found violating these regulations will face legal action and penalties. This initiative underscores the state's commitment to tackling pollution.Read more

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Noida Authority razes unauthorized farmhouses on Yamuna floodplains

PNT Reporter

The Noida Authority in Uttar Pradesh has demolished 32 unauthorized farmhouses encroaching on the Yamuna floodplains. These opulent structures, valued at Rs 40 crore, were part of nearly 200 illicit constructions targeted by Noida's strict enforcement of environmental regulations. The Authority is determined to combat illegal construction on the floodplains and has emphasized that demolition costs will be recovered from the property owners. The crackdown highlights the Authority's commitment to environmental preservation and sustainable development.Read more

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Demolition at Bhoomiheen Camp, Delhi begins after flat allotment

PNT Reporter

The DDA initiated a phased demolition at Bhoomiheen Camp to remove structures left by JJ residents. The aim is to relocate JJ residents from Bhoomiheen Camp to new flats. The area is slated to be used for the purpose of aiding qualified residents from Navjeevan Camp and Jawaharlal Nehru Camp through rehabilitation efforts. An official stated that demolition had taken place in accordance with the Delhi Slum and Jhuggi Jhopri Rehabilitation and Relocation Policy, 2015, of the DUSIB, after notice and announcements were made. 1,862 people in Bhoomiheen Camp were relocated to the A-14 project in Kalkaji Extension.Read more

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Magicbricks launches 'Know Your Tenant' to assist landlords with challenges

PNT Reporter

Magicbricks, a leading real estate platform, has introduced the Know Your Tenant (KYT) feature, aimed at revolutionizing the home renting process through advanced technology. KYT reduces the time spent by tenants and landlords by 37% and enhances the match between tenants and landlords by over 20%. The feature simplifies communication, ensures privacy, and facilitates informed discussions, leading to successful matches. With increasing rental demand in India, KYT assists landlords in making well-informed decisions based on their preferences. The implementation of KYT has resulted in significant benefits, demonstrating Magicbricks' commitment to efficiency and effectiveness in the real estate industry.Read more

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Failure to demolish illegal constructions on Aravali lands sparks criticism in Gurgaon

PNT Reporter

The district administration in Gurgaon, India, is facing criticism for failing to comply with an order from the National Green Tribunal (NGT) to demolish illegal constructions on protected Aravali lands. Despite the NGT's directive and the presence of numerous farmhouses built illegally, construction activities continue, leading to concerns raised by environmentalists. Activists question why authorities have not taken action to enforce the NGT's orders and protect Aravalis as mandated.Read more

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EV manufacturing to create real estate demand of 13million Sqft by 2030

PNT Reporter

India's real estate consulting firm CBRE has reported that the manufacturing facilities for 4-wheeler and 2-wheeler electric vehicles (EVs) will require approximately 13 million sq. ft. of real estate by 2030. This surge in demand is attributed to the government's EV adoption targets. The report also highlights the exponential growth of EV battery manufacturing facilities, which would need 2,400 acres of land to produce 200 GWh of batteries by 2030. These expansions are expected to enable a production capacity of around 4 million units of 4-wheelers and 23 million units of 2-wheelers by 2030.Read more

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Manpower shortage hampers fire inspections in Ludhiana

PNT Reporter

Fire officials in Ludhiana have notified 25 commercial establishments lacking fire safety protocols but are unable to conduct subsequent inspections due to manpower shortages and time constraints. The municipal corporation had assured appropriate measures will be taken to ensure safety precautions in commercial enterprises. Inspections are scheduled for institutes this week, and penalties up to Rs 25,000 will be imposed if irregularities are not rectified within 30 days. Lack of fire safety equipment and No Objection Certificates (NOCs) is a common issue.Read more

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Ghaziabad Development Authority faces massive compensation claim for land acquisition

PNT Reporter

The Ghaziabad Development Authority (GDA) may be liable to pay increased compensation of Rs 1,000-1,200 crore to farmers for the land procured for the Indirapuram and Vaishali residential developments between 1986 and 1989. The Allahabad High Court will review the GDA's petition on July 12, challenging the higher compensation rate of Rs 297 per square yard established in 2017. The GDA is exploring options to recover the additional costs from developers, while Apartment Owners' Associations and Residents' Welfare Associations oppose passing on the increased compensation to flat owners.Read more

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Delhi's civic authority unveils smartphone application for property geo-tagging by taxpayers

PNT Reporter

The Municipal Corporation of Delhi (MCD) has introduced a mobile app enabling taxpayers to geo-tag their properties, ushering in a more transparent property tax regime. The MCD App, available for Android now and iOS soon, allows residents to pinpoint their assets on a map via unique geographical coordinates, ensuring precise location-based identification and improved service delivery. Officials have urged residents to download the app and geo-tag their properties promptly, fostering the city's holistic development.Read more

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