BMRDA JURISDITION AND ILLEGAL AND UNAUTHORISED LAYOUTS, APARTMENTS AND GOVINDA SITES

BMRDA Bangalore Metropolitan Region Development Authority (BMRDA) is an    autonomous body created by the Government of Karnataka under the BMRDA Act 1985 for the purpose of planning, co-ordinating and supervising the proper and orderly development of the areas within the Bangalore Metropolitan Region (BMR) which comprises Bangalore urban district, Bangalore rural district and Ramanagara district. … Continue reading BMRDA JURISDITION AND ILLEGAL AND UNAUTHORISED LAYOUTS, APARTMENTS AND GOVINDA SITES

RBI TIGHTENS THE SCREWS ON LENDING

There has been a substantial increase in bad loans and this is primarily because public sector banks have been very lenient on willful defaulters and on real estate sectors. The Reserve Bank of India (RBI) has asked banks to focus on recovery and follow a stringent credit appraisal procedure. The RBI has asked banks to remain cautious in the wake of a higher-than-expected … Continue reading RBI TIGHTENS THE SCREWS ON LENDING