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

Jaipur Development Authority ordered to remove 274 encroachments and widen roads

PNT Reporter

02 Dec 2024

The Rajasthan High Court has directed the Jaipur Development Authority (JDA) to remove 274 encroachments from the public road between Khatipura Tiraha and Sirsi Road, restoring its 48-metre width within two months. Notices under Section 72 of the JDA Act, 1982, will be issued, with objections resolved in seven days. Encroachments, including permanent structures, must be cleared promptly. In a related PIL regarding encroachments on the 200-feet sector road near Kalwar and Niwaru Roads, the court ordered the JDA commissioner to submit an action plan and affidavit by December 2 or appear personally. The orders address escalating illegal encroachment issues.Read more

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UP: Construction violations in Gomtinagar Extension and Kanpur Road fuel air pollution crisis

PNT Reporter

29 Nov 2024

Construction sites in Gomtinagar Extension, Kanpur Road, and old city areas of Lucknow are flouting National Green Tribunal (NGT) guidelines, leading to rising air pollution and health risks. Mandatory measures like covering materials, using dust barriers, and cleaning vehicles are being ignored, particularly in areas like Omaxe City, Transportnagar, and Khadra. Residents report respiratory issues, especially among children and the elderly, while experts warn of severe health risks from fine dust particles. Authorities have pledged stricter inspections and penalties to ensure compliance. The issue highlights the need for immediate enforcement to protect public health and the environment.Read more

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Neopolis IT Township: An INR 1,000 crore high-tech hub for Thiruvananthapuram

PNT Reporter

29 Nov 2024

The Neopolis IT township project in Thiruvananthapuram, a major initiative under the Union Ministry of Housing and Urban Affairs, is set to be officially launched, with Prime Minister Narendra Modi scheduled to unveil the INR 1,000 crore project. This development is part of the Outer Area Growth Corridor (OAGC) and will focus on aerospace, electronics, software, and IT sectors. It will include residential complexes, shopping malls, recreational areas, and five-star hotels, creating a self-sustaining urban ecosystem. The project will be executed through a Special Purpose Company (SPC), involving multiple stakeholders, and is expected to drive technological innovation and economic growth in the region.Read more

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JNPA SEZ land auction and shore power initiative to drive economic growth in Maharashtra

28 Nov 2024

The Jawaharlal Nehru Port Authority (JNPA) plans to auction 100 acres of land in its SEZ by December 2024, targeting manufacturers in "orange" category industries, such as food processing and glass manufacturing. This initiative aims to foster industrial growth while adhering to environmental norms. Additionally, JNPA is advancing India's first shore power project at Gateway Terminals India, investing INR 100 crore to eliminate diesel use for docked ships. Scheduled for completion by August 2025, the project aligns with sustainability goals. Together, these initiatives are expected to attract investment, enhance Maharashtra's industrial landscape, and support long-term economic growth.Read more

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India's data centre industry poised for 604 MW expansion, driven by AI and 5G growth

28 Nov 2024

India's data centre (DC) industry is set for rapid expansion, with a projected addition of 604 MW capacity between the second half of 2024 and 2026, as per JLL India. The industry, which has grown 2.5 times since 2019 at a CAGR of 24%, is being fuelled by advancements in artificial intelligence (AI), the nationwide rollout of 5G, and government investments of 1.24 billion USD in AI infrastructure. The expansion will require 7.3 million square feet of real estate and 3.8 billion USD in capital. Mumbai will maintain its leadership, while Chennai and other regions see notable growth. This increase underscores India's emergence as a global tech hub, generating employment, fostering innovation, and strengthening the digital economy.Read more

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Ludhiana races against time to complete Smart City Projects before March 2025 deadline

28 Nov 2024

Ludhiana's civic authorities are racing to complete Smart City Mission projects before the March 2025 deadline, but key initiatives face delays. The INR 8.8 crore Nehru Rose Garden revamp, featuring landscaping, open gyms, and fancy lighting, remains in its tendering stage, with a mini zoo plan awaiting approval. Similarly, the construction of bridges on Sidhwan Canal (INR 11.96 crore) and Buddha Dariya (INR 2 crore) has been stalled due to failed tenders and procedural setbacks. With tight timelines and technical challenges, concerns grow over timely completion, leaving residents questioning whether Ludhiana can deliver on its Smart City promises to enhance connectivity and public spaces.Read more

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Noida Authority initiates land survey for Dadri-Noida-Ghaziabad investment region

27 Nov 2024

The Noida Authority has commenced a land survey for the Dadri-Noida-Ghaziabad Investment Region (DNGIR), or New Noida, to facilitate land acquisition and development. Spanning 209.11 sq. km across 80 villages in Gautam Budh Nagar and Bulandshahr, the project will be executed in four phases, with the first phase targeting 3,165 hectares by 2027. Part of the Delhi-Mumbai Industrial Corridor (DMIC), the DNGIR Master Plan 2041 allocates 40% for industrial use, 13% for residential, and 18% for green spaces. Enhanced connectivity via road, rail, and the upcoming Noida International Airport is expected to drive economic growth and infrastructure development.Read more

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Ranchi Municipal Corporation carries out anti-encroachment operation in Harmu

27 Nov 2024

On November 17, Ranchi Municipal Corporation (RMC) conducted a large-scale anti-encroachment operation in Harmu Housing Colony, following a directive from the Jharkhand High Court. The focus was on clearing unauthorized structures, especially meat and fish stalls, near local temples. City manager Ambuj Singh explained that the drive was carried out to comply with the court's order and improve traffic flow. RMC had given encroachers a 24-hour notice, with some vendors agreeing to vacate, while others protested. Displaced vendors were offered alternative space at Janta Bazaar. The operation marks RMC's effort to enforce court orders and regulate public spaces effectively.Read more

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Ladakh to conduct PM Awas Yojana survey, accelerate solar and infrastructure projects

27 Nov 2024

During a recent review in Ladakh, Power Minister Manohar Lal Khattar announced a survey to identify homeless individuals under the PM Awas Yojana, aiming to ensure adequate shelter for all. He praised the performance of local power and housing departments and highlighted the potential for solar energy with a 13 GW solar plant in progress. Khattar also discussed financial support for street vendors and emphasized waste management and worker safety goals. He directed officials to expedite project reports for water and sewage systems while assuring that additional power demands during winter will be met by the Government of India.Read more

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Bengaluru: BBMP identifies more than 500 illegal structures in Mahadevapura Zone

26 Nov 2024

A comprehensive survey by the Bruhat Bengaluru Mahanagara Palike (BBMP) has revealed the staggering scale of unauthorized construction in Bengaluru, particularly in the Mahadevapura zone, which houses the city's tech hub of Whitefield. The survey identified over 2,500 illegal structures across the city, with Mahadevapura leading the way with 528 such buildings. Despite directives from the Chief Minister and Deputy Chief Minister to take strict action, the survey process has been hampered by local political pressures and past compromises, raising concerns about the commitment of civic officials to address this pressing issue.Read more

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