#RealtyNewsRoundUp: SC Stays Changes In Delhi Master Plan 2021, Govt To File Affidavit

Housing Minister Hardeep Singh Puri has said the government would soon file an affidavit in the Supreme Court related to amendment in the Delhi Master Plan 2021. His remarks came after the apex court took strong exception to the non-filing of affidavits by the Delhi government, the Delhi Development Authority and municipal corporations of Delhi on whether an environment impact assessment was conducted before proposing amendment to the city's Master Plan.

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US-based banking major Citi has launched India’s first market benchmark rate-linked lending product. The bank’s new home-loan product will be linked to the rate of treasury bills (T-bills), which is used by government for its short-term borrowings. The bank, which had a gross home-loan book of Rs 9,000 crore as of December last year, already offers external benchmark-linked products in markets such as the US and Singapore. 

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The Yamuna Expressway Industrial Development Authority (YEIDA) has said that eight real estate developers have allegedly diverted Rs 860 crore funds collected from homebuyers. The YEIDA has issued notices to these builders and directed them to open escrow accounts for their respective housing projects and deposit the diverted amount in the next 30 days or be ready to face criminal cases.

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Delhi's Indira Gandhi International Airport has been rated as the world number one among airports handling more than 40 million passengers per annum in a survey by the Airports Council International (ACI).  Mumbai's Chhatrapati Shivaji International Airport has been ranked as the World’s Best Airport for customer experience.  

Source: Media reports