SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Infrastructure News

Study highlights impact of BMC's Water for All policy in Mumbai's slums

07 Apr 2025

A study by Pani Haq Samiti (PHS) and the University of Mumbai has evaluated the effects of the Brihanmumbai Municipal Corporation's (BMC) Water for All policy, launched in 2022, on slum dwellers. The findings indicate significant improvements in residents' access to water, health, and financial burdens. However, despite 14,000 approvals out of 16,000 applications, only 7,043 legal connections have been provided. Experts highlight systemic biases and persistent challenges, such as low pressure and contamination. BMC aims to expand water connections while reducing non-revenue water losses, which currently account for 30% of the supply in Indian cities.

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MHADA to launch 'Aapla Davakhana' clinics in 34 residential colonies for affordable healthcare

07 Apr 2025

The Maharashtra Housing and Area Development Authority (MHADA) has announced the launch of "Aapla Davakhana," an affordable healthcare initiative in 34 residential colonies across Mumbai. The initiative, directed by State Housing Minister Shri Eknath Shinde, is being implemented in collaboration with One Rupee Clinic by Magicdil Health for All. Under the scheme, general consultations will be available for INR 1, while diagnostic services such as blood tests and sugar checks will cost INR 10. MHADA will allocate 400 sq. ft. of space per clinic, ensuring accessibility to both MHADA residents and the general public. The clinics will be set up in areas including Colaba, Cuffe Parade, Chembur, Andheri, Borivali, and Wadala.

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NHAI builds 5,614 km of highways in FY25, hits INR 2.5 lakh crore capex milestone despite monetization shortfall

07 Apr 2025

The National Highways Authority of India (NHAI) constructed 5,614 km of highways in FY 2024-25, exceeding its target by 9% and setting a record INR 2.5 lakh crore in capital expenditure. While this was lower than last year's 6,644 km, key projects like the Delhi-Mumbai Expressway and Ludhiana Elevated Corridor progressed significantly. NHAI raised INR 28,724 crore through asset monetization-short of its INR 39,000 crore target-due to a pause in the ToT model. However, the NHIT route alone brought in INR 17,738 crore. For FY26, NHAI plans to monetize INR 30,000 crore and offer 15 BOT projects worth INR 44,000 crore to boost PPP participation.Read more

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Vasai-Virar residents struggle with water shortage despite transformer repair

04 Apr 2025

Residents of Vasai-Virar continue to face severe water shortages even after the repair of a faulty transformer that disrupted supply to the Surya Nagar Water Purification Centre last week. The power failure had halted operations at the Kavdas Pumping Station, affecting a large population. Despite the Surya Regional Water Supply Project's recognition at the national level, supply issues persist. While MMRDA said that they are collaborating with the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for a long-term solution, residents are relying on expensive water tankers, with prices surging up to INR 10,000 per tanker. Authorities claim efforts are underway to restore normal supply. The Surya dam supplies 403 million litres per day (MLD) to the Vasai-Virar belt, while work is ongoing to extend the pipeline to Mira-Bhayandar.

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India's highway construction to slow to seven-year low as focus shifts to maintenance

04 Apr 2025

India's highway construction is projected to decline to approximately 7,000 km in FY25, marking its slowest pace in seven years. The Ministry of Road Transport and Highways (MoRTH) has set a target of 10,000-10,500 km, but nearly 30% of this will be dedicated to road strengthening rather than capacity expansion. This shift prioritises complex infrastructure projects such as multi-lane expressways and access-controlled highways over rapid expansion. Despite this, FY24 recorded the highest-ever addition of 9,500 km of new highway capacity. The trend is expected to continue into FY26, focusing on quality over quantity. Government data shows that strengthening projects have fluctuated over the years, indicating a strategic focus on long-term infrastructure durability.

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BMC deploys team to clear hawkers and ease traffic congestion near Sion bridge

04 Apr 2025

The Brihanmumbai Municipal Corporation (BMC) has stationed a team of 10 personnel, including labourers and staff from the Licence Department, at Shahu Nagar Police Station to remove hawkers and improve traffic flow in Dharavi and Sion West. The decision follows a police request amid congestion caused by the closure of Sion bridge. Residents complain that the bridge closure has significantly increased travel time, with hawkers and haphazardly parked vehicles worsening congestion.

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Andheri braces for traffic congestion as Gokhale Bridge works enter final phase

04 Apr 2025

Residents of Andheri are preparing for increased traffic disruptions as the final phase of Gokhale Bridge construction progresses. The BMC is concreting the previously tarred approach road before the bridge fully opens in May 2025. From April 1 to May 15, traffic diversions have been implemented, restricting entry at key junctions, including Gold Spot Junction and Telly Gully Bridge. Motorists will need to use alternative routes, which locals fear may not efficiently handle peak-hour congestion.

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Metro News: EPC model approved for Visakhapatnam and Vijayawada metro projects

03 Apr 2025

The Andhra Pradesh Metro Rail Corporation has approved the implementation of metro rail projects in Visakhapatnam and Vijayawada using an EPC (engineering, procurement, and construction) model. This decision aims to save INR 20 crore per project by avoiding interim consultants and leveraging experienced retired officials. The board has also authorized the process for selecting general consultants, in line with multilateral funding agency requirements. The Metro Corporation's regional office will also be relocated to new premises in Visakhapatnam by May 2025.

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Mumbai: SRA relocates Gautam Nagar slum dwellers to clear land for new High Court in Bandra

03 Apr 2025

The construction of the new High Court building at Bandra East progressed significantly with the relocation of slum dwellers from Gautam Nagar, facilitated by the Slum Rehabilitation Authority (SRA). The 2.25-acre slum site is part of a larger 30-acre plot earmarked for the project. Under CEO Dr. Mahendra Kalyankar's leadership, SRA held multiple consultations, offering nearby Bandra East housing to 138 families. On March 26, 2025, 96 tenements were allotted via a transparent lottery, with provisions for shopkeepers and vulnerable residents. The relocation, set to conclude by April 10, was widely praised for its fairness, sensitivity, and efficiency, demonstrating strong coordination between PWD, SRA, and the community.Read more

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Maharashtra government plans policy to promote iconic buildings in Mumbai

02 Apr 2025

The Maharashtra government is set to introduce a new policy aimed at encouraging the construction of iconic buildings in Mumbai. Deputy Chief Minister Shri Eknath Shinde announced the initiative in the legislative council, highlighting that historic structures from the British era have shaped Mumbai's identity. The proposed policy is expected to not only facilitate such constructions but also boost tourism. To address restrictions under existing development control rules, Shinde has directed the civic body to make necessary amendments under the Maharashtra Regional Town Planning Act, Section 37 (1).

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