Builders under pressure to repay loan instalments
The Hindu
Slack demand amid pandemic forces many to cut prices
Amidst the second wave of COVID-19 pandemic, builders are worried whether they will be able to pay at least the interest on the loans taken by them. Many of them, industry sources say, are selling away the apartments at cost price or with meagre margins to pay the loan instalments. Industry sources say that banks had liberally sanctioned loans and many construction projects took off between Vijayawada and Guntur in a grandiose manner as there was a good response from buyers. The sentiment, however, nosedived with the government announcing its plans to shift the Capital. The projects were high-end and big with 200 to 600 flats per venture in the price range of ₹60-80 lakh per unit. According to a rough estimate, loans to the tune of ₹2,000 crore were sanctioned by banks with a repayment tenure of 15, 18 and 24 months.
How the Pickle Factory Dance Foundation in Kolkata has become a space for experimental dance works
Hotelier Tarun Raju remanded to 15-day judicial custody for alleged involvement in gold smuggling case with actress Ranya Rao.
The Entrustment Document Fraud (EDF) Wing of the Central Crime Branch in Chennai has arrested P. Thangappan, secretary-general of Indo-Russian Chamber of Commerce and Industries, for his alleged involvement with a group of nine persons in cheating two businessmen to the tune ₹11.81 crore
A help desk for transgender community was revived at Gachibowli police station, providing counselling, training, and job opportunities for rescued individuals in Telangana.
‘Dilruba’ movie review: Dilruba, a romance-action drama with a promising premise, struggles with cliches, subplots, and lack of focus
In pictures | India celebrates Holi
Here are key figures from the Tamil Nadu 2025-26 budget
In 2009, Sathya of Bhadravathi and Srinivas of Hennur in Bengaluru challenged the list of office-bearers before the registrar of co-operative societies. As the registrar felt that the matter could be resolved in court, Gurumurthy moved the court in 2012.
With Bengaluru’s population expected to reach 18 million this year, builders are making the most of the state government’s revised permissible floor area ratio that allows them to construct additional floors
Explore the history and present of Bengaluru's Majestic area, set for redevelopment under Project Majestic in 2025.
Sanjay Raut criticizes BJP, claims farmers' suicides in Maharashtra are due to government, not Aurangzeb, sparking political controversy.
Chennai will get its sixth reservoir along East Coast Road (ECR) and Rajiv Gandhi Salai in Chengalpattu district with a capacity to store nearly 1.7 thousand million cubic feet to cater to the city growing needs.
Karnataka establishes dog squads to combat narcotics in prisons due to increased cases of drug use.