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 : Prayagraj

YEIDA questions Jaiprakash Associates' plan to clear land dues in Allahabad HC

PNT Reporter

14 Jun 2023

The Yamuna Expressway Industrial Development Authority (YEIDA) has questioned Jaiprakash Associates Ltd's (JAL) plan to settle dues and reclaim 1,000 hectares of land. JAL proposed selling land to raise funds, but YEIDA raised concerns about the land being mortgaged. Discrepancies exist regarding the outstanding amount, with YEIDA claiming Rs 3,621 crore while JAL insists on Rs 1,483 crore. The next court hearing is scheduled for July 13, where JAL must address the land encumbrance. The resolution will determine the fate of the Sports City project on the Yamuna Expressway.Read more

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Prayagraj City council to tax 20 new wards

PNT Reporter

17 May 2023

The Prayagraj Municipal Corporation has recently expanded its jurisdiction to include 20 new localities, resulting in the incorporation of these areas into the official records of the PMC. With the addition of these localities, the municipal corporation now has a total of 100 wards. Efforts are being made to ensure that properties in the newly created wards comply with PMC's house tax regulations. A GIS-powered study is also underway to provide precise data for the newly incorporated wards.Read more

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Allahabad HC orders Noida Authority to halt floodplain demolition drive

PNT Reporter

10 May 2023

The Allahabad High Court has directed the Noida Authority to maintain status quo on its order of demolishing farmhouses on the Yamuna floodplain. The directive was issued in response to a petition filed by a farmhouse owner, Ratna Mitra, whose objections were rejected by the authority. Mitra's legal team contended that the authority did not have the necessary jurisdiction to order the demolitions, especially in the absence of floodplain demarcation. The court has directed the authority and National Mission for Clean Ganga to file counter affidavits and listed the case for the next hearing on July 2, 2023.Read more

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Prayagraj commercial buildings lack safety audits, raising fire risk concerns

PNT Reporter

11 Apr 2023

Many shopping and commercial complexes in Prayagraj have neglected electrical safety audits and No Objection Certificates (NOCs). The recent fire at the Nehru complex highlighted this oversight, prompting fire department officials to call for urgent safety audits, upgraded fire safety systems, and wiring replacements. A recent survey found that over 60% of shops lack adequate fire-fighting arrangements or knowledge of precautions. Authorities must enforce safety regulations and raise awareness to prevent future incidents and ensure public safety.Read more

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Prayagraj: PMC to redevelop 88 civic plots into mixed-use housing and retail complexes

01 Jan 1970

The Prayagraj Municipal Corporation (PMC) is preparing to launch a redevelopment initiative across 88 vacant and fenced plots located in localities such as Naini, Jhunsi, Phaphamau, Bamrauli, and Jhalwa. The plan involves constructing multi-storey buildings with commercial shops on the ground and first floors and residential flats above, aiming to boost the city's income while addressing the growing issue of illegal encroachments. Encroached municipal land especially in Kareli, Daraganj, Rasulabad and other densely populated areas is also set to be reclaimed. The civic body will soon present a detailed land inventory for formal approval before initiating construction and legal proceedings.Read more

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Prayagraj: PMC to redevelop 88 civic plots into mixed-use housing and retail complexes

01 Jan 1970

The Prayagraj Municipal Corporation (PMC) is preparing to launch a redevelopment initiative across 88 vacant and fenced plots located in localities such as Naini, Jhunsi, Phaphamau, Bamrauli, and Jhalwa. The plan involves constructing multi-storey buildings with commercial shops on the ground and first floors and residential flats above, aiming to boost the city's income while addressing the growing issue of illegal encroachments. Encroached municipal land especially in Kareli, Daraganj, Rasulabad and other densely populated areas is also set to be reclaimed. The civic body will soon present a detailed land inventory for formal approval before initiating construction and legal proceedings.Read more

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