City Lights: Bank of Baroda stops releasing loans to Noida housing project
- Day after Rahul Gandhi slams PM Modi, Amit Shah condemns politics over surgical strikes
- Prohibition to stay in Bihar: SC stays Patna HC judgment setting aside liquor ban
- US says does not support declaring Pakistan a 'terrorist state'
- Talk on stage at Parrikar event: 200 killed, atom bomb vs atom bomb
- Hurricane Matthew: Haiti death toll rises to 339, deadly storm hits Florida
Bank of Baroda stops releasing loans to Noida housing project
Bank of Baroda has stopped releasing home loan instalments to flat owners in Greater Noida (West) in Uttar Pradesh, particularly Gaur City-1 project, in view of an ongoing litigation, the government has informed Parliament. "Yes, Sir", Minister of State for Finance Namo Narain Meena said in a written reply in Rajya Sabha to a question whether Bank of Baroda has stopped releasing the next housing loan instalments to house owners in Greater Noida (West), particularly Gaur City-I in view of litigation against acquisition of land by companies. "Bank of Baroda proposes to release the housing loan instalments after the final judgement of Supreme Court," the minister said. In view of the ongoing litigation, Meena said, "Bank has adopted a cautious approach for resuming the sanction of fresh home loans and also in releasing further disbursement in home loans already sanctioned in Gaur City-I and other projects in Noida Extension and Greater Noida, till legal position is crystallised." The Minister further said that Union Bank of India and Corporation Bank have "resumed releases" of home loan instalments.
Punjab to have new housing policy
Punjab will bring in a new housing policy for the state by the mid of next month in a bid to attract more investments for its real estate sector, Deputy Chief Minister Sukhbir Singh Badal has said. Badal said Punjab is all set to become the new investment destination as it is having the highest growth rate even when the national economy is under stress. He said the new policy is aimed at ensuring hassle-free and time-bound clearances for the investors, besides offering incentives in Floor Area Ratio. Noting that the availability of land is limited in the state, Badal batted for vertical expansion through high-rise buildings.
- Revealing Elena Ferrante’s identity violates her desire for privacy
- Breakdown of LoC ceasefire will make it difficult for army to control infiltration
- Academic publishers suit shows how much they benefitted from intellectual commons
- Lack of unity has prevented Sindhi nationalists from pressuring Islamabad
- India must be prepared to deal with a disease that is growing globally
- Challenge for India’s leaders is to show that strength can be blended with subtlety & deftness