Connect with us


Consortium of 7 PSU Banks sign agreement to release ₹1.5k cr for Amrapali Projects


New Delhi: An agreement has been signed between ASPIRE and Consortium of seven public sector banks on 29.03.2022 for the disbursal of ₹1500 crore loan for stalled Amrapali projects.

On behalf of ASPIRE R. Venkataramani, Court Receiver/Director ASPIRE has signed the agreement in the presence of DK Mishra and Ravi Bhatia, Director, ASPIRE and NBCC team headed by KPM Swamy, Executive Director (Engg.), NBCC.

Malay Panchal

On behalf of bank consortium, Malay Panchal, CM Bank of Baroda- Lead bank and other banks representatives signed the agreement. The following 7 public sector banks i.e. Bank of Baroda, Indian Bank, UCO Bank, Panjab National Bank, Bank of India, State Bank of India, Panjab & Sind Bank were seen present during the event. Nearly 40,000 homebuyers awaiting possession of their dream homes will be benefited by this progressive initiative.

Latest News

News7 hours ago

52% NRIs see Indian commercial properties emerging as a new asset class

The Indian real estate segment demonstrates an upward trajectory with the projection to exhibit a growth rate of 9.2% CAGR...

Guest Column14 hours ago

Welspun Gp acquires Sintex BAPL

Mumbai, March 30, 2023: Welspun Group has acquired the plastic industry market leader, Sintex.  Sintex’s auto business already has a...

New Launches14 hours ago

Naiknavare Developers launches Avasa, new vertical of structured plots; commences e-commerce platform designed for plotting

Pune, March 30, 2023: Naiknavare Developers, renowned for its well-thought-out community-centric residential and commercial projects in Pune, Mumbai, and Goa, today announced it...

News15 hours ago

Residential demand up 14.2%, supply grew 1.9% YoY: Magicbricks PropIndex Report, Jan-Mar’23

New Delhi/Noida, March 30, 2023: Continuing on the path of resilience and overall growth, India’s residential demand increased 14.2% and...

News15 hours ago

Mahindra Life transacts with Alliance Gp for 9.24 acres at Mahindra World City, Chennai

New Delhi, March 29, 2023: Mahindra Lifespace Developers Ltd. (MLDL), the real estate and infrastructure development business of the Mahindra...

New Launches2 days ago

TVS Emerald, HDFC Cap create Rs 1000 cr platform for plotted development projects

Chennai, Bangalore, March 29, 2023: Emerald Haven Realty Ltd (“TVS Emerald”), has signed a term sheet with HDFC Capital Affordable Real Estate Fund...