SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Location : Gurugram

Gurugram RWAs protest against construction of fourth floor, cite burden on infrastructure

PNT Reporter

11 Apr 2023

Representatives of several Resident Welfare Associations (RWAs) in Gurugram strongly opposed the construction of stilt plus four floors, stating that it will only put additional burden on the already crippled infrastructure of the city. The RWAs demanded a complete ban on stilt plus four floors and highlighted the problem of increased floor area ratio (FAR). They claimed that the policy of stilt plus four floors is a breach of residents' trust, and the low-height houses are deprived of free flow of air and sunlight. The government had kept the fresh building plan of stilt plus four floors in residential plots in abeyance in February.Read more

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Illegal commercial activity rampant in Gurugram's DLF colonies, developer requests enforcement

PNT Reporter

11 Apr 2023

Gurugram's DLF colonies are experiencing a surge in unauthorized commercial operations, negatively impacting infrastructure, and residents' quality of life. The developer has submitted a list of 742 illegal establishments in DLF 1 to 4 to the Department of Town and Country Planning, urging action against property owners. The department has formed a team to conduct surveys and issue notices to violators. Collaboration between local government, enforcement agencies, and stakeholders is necessary to develop comprehensive solutions, such as stricter monitoring, improved infrastructure, and rezoning plans, to address the issue.Read more

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Residents of Malibu Towne protest, seek Haryana CM's help over ban on registry

27 Feb 2023

Residents of Malibu Towne in Gurgaon, India, have taken to the streets to protest a blanket ban on the registration of properties in the township. The ban was imposed in December 2022 by the Haryana State Pollution Control Board (HSPCB), following a complaint by an RTI activist and resident of the colony, Raman Sharma. The HSPCB issued a closure notice to the developer, alleging that environmental norms were violated during the construction of the township.Read more

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Flat cost revised for the fourth time in Chintels Paradiso

08 Feb 2023

Gurugram based Chintels, who is the developer of the apartment building Paradiso, has sent a letter expressing his exasperation to the district administration after a fourth reevaluation of flats in Tower D took place. The evaluations are being done to compensate the residents previously living in Tower D which was declared unable to live in following a structural audit conducted by IIT-Delhi. The developer initially offered Rs 5,500 per sq ft as compensation. However, the residents have rejected this rate and subsequent evaluations by the district administration’s team.Read more

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CBI takes over Chintels Paradiso case

20 Jan 2023

Earlier this week, the Central Bureau of Investigation (CBI) logged an FIR against Ashok Saloman, Managing Director of Chintels Group in a case concerning the partial collapse of the Chintels Paradiso apartment complex in Gurugram last year that claimed the lives of two women. The husband of one of the deceased women, who was also severely injured in the accident, filled cases against the developer under IPC sections 304-A and 420. In December 2021, the Gurugram Police arrested Mr Amit Austin, the proprietor of Manish Switchgear and Construction, the company commissioned to conduct the repair work of the building after a magisterial inquiry found that the retrofitting in Flat D603 was the key trigger for the collapse.Read more

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Malibu Towne receives a notice of closure, but no environmental approval

17 Jan 2023

The Haryana State Pollution Control Board (HSPCB) has ordered that all construction activity be immediately stopped in the Malibu Towne project in Sector 47, Gurugram due to a lack of environmental approvals. The 2,500 families who presently reside in the society will not be impacted by the closure notice. The order states that the developer will not be permitted to execute any sale deeds for a flat, plot, home, shop, or any other project component. The utility that distributes electricity has been asked not to add any additional connections to the project.Read more

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Gurugram Police make their first arrest in Chintels Paradiso case

23 Dec 2022

The Gurugram Police have arrested Mr Amit Austin, the proprietor of Manish Switchgear and Construction, the company commissioned to conduct the repair work that caused the death of two women residing in Chintels Paradiso in Gurugram. The women were killed when the dining room on the 6th floor of Tower D collapsed bringing down with it the roofs and floors of all the flats below. A magisterial inquiry found that the retrofitting in Flat D603 was the key trigger for the collapse, thus holding Chintels India and Manish Switchgear and Construction responsible for the accident. Mr Austin will be produced in a city court in the coming week.Read more

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