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

Panaji Smart City project delays attributed to weather, climate change, and high water table

13 Feb 2025

Imagine Panaji Smart City Development Limited (IPSCDL) cited adverse weather, climate change, and a high water table as reasons for infrastructure project delays. Heavy rainfall, sandy soil, and early monsoons hindered sewerage and road construction, making excavation difficult. To ease traffic, temporarily restored roads were made operational. Work resumed in November 2024 after the monsoon subsided. The Smart City Mission deadline was extended to March 2025, with roads set for completion by then, while landscaping and tree plantation will finish by June 2025. IPSCDL stated that Panaji's position below sea level and rising sea levels further complicated construction efforts.Read more

cover photo

Bengaluru Infrastructure: Prestige Group builds plastic roads in Sarjapur, advancing sustainable infrastructure

13 Feb 2025

Plastic pollution remains a critical global challenge, with 430 million metric tonnes produced annually, of which less than 10% is recycled. In India, rapid urbanization and inadequate waste management have led to increased plastic accumulation in landfills and waterways. Prestige Group has taken a significant step toward sustainability by incorporating plastic waste into road construction at Great Acres, The Prestige City, Sarjapur. Inspired by Dr. R. Vasudevan's technique, the project integrates shredded plastic with bitumen, enhancing road durability while reducing plastic waste. Covering 7.17 km, this initiative serves as a scalable model for sustainable urban infrastructure worldwide.Read more

cover photo

CIDCO signs major MoUs to drive economic and infrastructural growth in Navi Mumbai

12 Feb 2025

The City and Industrial Development Corporation (CIDCO) has entered into four significant Memorandums of Understanding (MoUs) at the World Economic Forum in Davos to propel economic and infrastructural advancements in Navi Mumbai. These agreements include a collaboration with Eruditus to develop an International Educity with an investment of INR 20,000-INR 25,000 crore, expected to generate 20,000 direct jobs. Additionally, BookMyShow is set to establish a large-scale outdoor entertainment arena in Maharashtra with an investment of INR 1,700 crore, creating approximately 500 jobs. Other key MoUs include a INR 25,000 crore data centre project with Panchshil Realty and a INR 1,500 crore logistics park with Welspun World, aiming to boost Maharashtra's digital and logistics sectors.Read more

cover photo

New Parliament and VP Enclave costs rise due to GST, material prices, and security upgrades

12 Feb 2025

The cost of the New Parliament Building and Vice President Enclave has increased due to factors such as a rise in GST, escalating material costs, higher wages, structural reinforcements, and additional security measures. Initially, Tata Projects secured the New Parliament Building contract at INR 862 crore, lower than the estimated INR 971 crore, while Kamladityya Construction Private Ltd obtained the VP Enclave project for INR 206.5 crore against an estimated INR 214 crore. However, sources indicate that the revised cost for the New Parliament Building is approximately INR 1,200 crore, a 25% increase. Similarly, the VP Enclave's cost rose to around INR 260 crore, following the Delegated Investment Board's approval of additional expenses. The Housing and Urban Affairs Ministry confirmed these escalations in response to parliamentary inquiries but withheld exact revised figures.Read more

cover photo

Maharashtra's Third Mumbai project faces setback as survey bid is cancelled

12 Feb 2025

During the Maharashtra government's participation at the World Economic Forum (WEF) to attract investment for the state, the Mumbai Metropolitan Region Development Authority (MMRDA) cancelled its bid to initiate a survey for the development of Third Mumbai. The proposed Karnala-Sai-Chirner Town (KSC Town) aimed to boost the region's GDP to USD 300 billion within five years. Despite signing agreements with WEF and floating a tender for consultants, flaws in the existing bid led to its cancellation. The project, spanning 323.4 sq km and affecting 124 villages, faces resistance from local residents over land acquisition concerns. While significant foreign and domestic investments have been secured, delays in planning and execution may impact the project's timeline.Read more

cover photo

Mumbai Infrastructure: Carnac Bridge, Gokhale Bridge, and Vikhroli Bridge to open soon as BMC accelerates work

12 Feb 2025

The Brihanmumbai Municipal Corporation (BMC) has assured that construction on crucial bridges, including Carnac, Vikhroli, and Gokhale, will be completed before the monsoon. Additional Municipal Commissioner (Projects) Abhijeet Bangar stated that all bridges would be opened for traffic within the stipulated timeframe. BMC Chief Bhushan Gagrani reviewed the progress and called for better coordination among departments. The Sion flyover, Gokhale Bridge, and Belasis Bridge are also being prioritised, with specific deadlines set for their completion. Efforts are being made to expedite the removal of obstructions, including abandoned structures and commercial establishments, to ensure timely execution.Read more

cover photo

Metro projects in Kochi, Kozhikode, Thiruvananthapuram get a push in Kerala Budget

11 Feb 2025

The Kerala Finance Budget 2025-26, presented by Finance Minister K. N. Balagopal, prioritizes metro rail expansion in Kochi, Kozhikode, and Thiruvananthapuram. While Kochi Metro's Phase II Pink Line is progressing, metro projects in Kozhikode and Thiruvananthapuram are still in early stages. The budget also emphasizes high-speed rail, though the SilverLine project faces uncertainty due to modifications suggested by the Centre. Additionally, 150 bridges, highways, and ports are planned for development. However, unclear funding details and delayed port projects from the previous budget raise concerns about execution and project management, impacting the pace of Kerala's urban and transport infrastructure development.Read more

cover photo

Mumbai Infrastructure: Land acquisition initiated for Annabhau Sathe Research and Training Center in Mumbai

10 Feb 2025

A public notice regarding the land acquisition for the Sahitya Ratna Annabhau Sathe research and training center has been issued in the Mumbai Suburban District. While the acquisition aims to establish a space dedicated to preserving and promoting Sathe's legacy, concerns over its impact on local communities have emerged. The project also raises questions about the broader implications for urban redevelopment in Mumbai and the social and economic changes that may follow. The public is invited to submit objections or complaints within 30 days.Read more

cover photo

Thiruvananthapuram Infrastructure: Technopark to issue tender for INR 381 crore QUAD project

10 Feb 2025

Technopark is set to issue a tender for the QUAD project this month, developing 8.5 lakh sq ft of IT space in Phase-IV, Pallipuram, with an investment of INR 381 crore. Initially planned as a co-developer model, Technopark will now execute the project independently due to a lack of bidders. The 5.5-acre facility is expected to generate 6,000 IT jobs upon completion. The QUAD project is part of a larger 40 lakh sq ft integrated township, incorporating residential, commercial, and institutional spaces. With construction set to begin soon, the initiative aims to strengthen Thiruvananthapuram's IT ecosystem.Read more

cover photo

Mumbai-Pune "missing link" project sees new deadline of August 2025

07 Feb 2025

The Mumbai-Pune "missing link" project, expected to complete by August 2025, is aimed at improving the Mumbai-Pune Expressway by reducing the distance between the two cities and cutting travel time by 30 minutes. The project, costing INR 6,600 crore, has faced multiple delays due to engineering challenges and the difficult terrain. Key components like tunnels and viaducts are in place, with ongoing work on the second viaduct. The project is designed to enhance safety and reduce accidents, particularly in the hazardous ghat section, while also addressing seasonal disruptions caused by falling debris.Read more

cover photo