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

Telangana: Vikarabad embarks on future-ready development with drone survey

29 Oct 2024

A drone survey was launched earlier this month to create a digital master plan for Vikarabad, one of 20 municipalities in Telangana selected for a GIS-based plan under the AMRUT 2.0 initiative, funded partly by the central government. The survey, conducted in collaboration with district and municipal officials, will guide long-term development, including roads, housing, drainage, and other infrastructure. Vikarabad is the first municipality to begin this survey, which will also be implemented in 19 other towns. The master plan aims to address the municipality's needs for the next 30 to 40 years, promoting sustainable urban development across Telangana.Read more

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Mumbai's coastal entertainment hub faces challenges over land allotment, mangrove preservation, and real estate interests

28 Oct 2024

The plan to transform Mumbai's western sea fronts at Aksa, Madh, and Marve into an entertainment hub faces major challenges despite Chief Minister Eknath Shinde's approval. Issues include land in Madh being designated for the Dharavi Redevelopment Project, opposition from real estate developers, slum rehabilitation concerns, and environmental objections over mangrove destruction. The Mumbai Metropolitan Region Development Authority (MMRDA) envisions a commercial district, amusement park, and housing, but local developers oppose it, fearing impacts on premium sea-view properties. Environmentalists warn that losing mangroves could increase flood risks. With regulatory approvals still pending, the project's future depends on balancing development with environmental and community concerns.Read more

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Ahmedabad civic body launches real-time air quality monitoring at construction sites

28 Oct 2024

In response to complaints about dust and PM10 pollution from construction sites, the Ahmedabad Municipal Corporation (AMC) has started monitoring air quality using real-time data from sensors at 22 sites. Builders are required to install sensors at sites of 10,000 square metres or larger. The AMC's 2021-22 study of 452 construction sites revealed that construction activities, industrial operations, and increased vehicle numbers significantly contribute to air pollution. In addition to monitoring, new regulations, including measures like dust control and proper waste management, aim to mitigate air quality issues and ensure compliance, with penalties for repeated violations.Read more

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RTI uncovers 63 obstructions Near Nagpur Airport, authorities work to resolve safety issues

25 Oct 2024

An RTI query has revealed that 63 buildings near Nagpur Airport continue to obstruct flight paths, down from a previous count of 68, after five structures were recently removed. Activist Abhay Kolarkar's request, filed with the Airports Authority of India (AAI), revealed that these obstacles also interfere with communication signals. Buildings in the airport's vicinity must comply with height restrictions based on a color-coded zoning system, with specific limits in the red zone. Some buildings can achieve compliance by removing minor rooftop structures, while others may require partial demolition. The list of obstructions has been forwarded to the Directorate General of Civil Aviation (DGCA) for further action.Read more

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Tuticorin's Tidel Neo Park set to open, offering state-of-the-art workspace for IT companies

25 Oct 2024

Industries Minister TR B Rajaa announced that the Tidel Neo Park, a mini IT park in Tuticorin, will soon be inaugurated by Chief Minister M K Stalin. Established at a cost of INR 30 crore and spanning 4.16 acres, the facility will provide 50,937 square feet of state-of-the-art workspace. With modern amenities like air conditioning and an integrated building management system, 11 companies have already shown interest in leasing space. The park aims to create job opportunities for young professionals in South Tamil Nadu, helping them work closer to their familiesRead more

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GIFT City hosts Talent Summit, aiming to build future-ready workforce in Gujarat

25 Oct 2024

Gujarat International Finance Tec-City (GIFT City), India's first smart city and International Financial Services Centre (IFSC), recently hosted the "GIFT City: The Emerging Talent Frontier" summit at IIT Gandhinagar. The event focused on addressing talent needs and fostering workforce development for businesses in GIFT City and Gujarat. Industry leaders, government officials, and academicians, including executives from BNY, Capgemini, IBM, and LinkedIn, discussed strategies for cultivating a future-ready talent pool. Key panels explored aligning workforce strategies with evolving technology, enhancing diversity, and building long-term industry-academia partnerships. The summit highlighted GIFT City's role in creating an ecosystem to support Gujarat's emergence as a digital innovation leader.Read more

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Delhi: DPCC launches a self-assessment portal to monitor dust pollution on construction sites

24 Oct 2024

The Delhi Pollution Control Committee (DPCC) has introduced a "Dust Pollution Control Self-Assessment" portal, mandating all construction and demolition projects over 500 square meters to register and conduct regular dust control audits. This initiative is part of a broader effort to reduce air pollution in the National Capital Region. The portal requires real-time monitoring with PM2.5 and PM10 sensors, and large projects must deploy anti-smog guns. Non-compliance could result in penalties or construction halts, following Supreme Court and National Green Tribunal orders aimed at improving Delhi's air quality.Read more

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Thane to undergo major transformation with 34 new infrastructure projects

24 Oct 2024

Thane is set for a transformative decade with 34 infrastructure projects worth INR 3,96,636.75 crore, including metro lines, bullet trains, expressways, and tunnels, significantly enhancing the city's development. Chief Minister Eknath Shinde, who has long advocated for Thane's infrastructure improvements, has been instrumental in fast-tracking these projects. The developments aim to reduce traffic congestion and improve connectivity, positioning Thane as a key suburb in the Mumbai Metropolitan Region (MMR). The real estate sector is already seeing a boost as homebuyers are drawn to emerging areas, while the projects are expected to drive economic growth, job creation, and make Thane an attractive hub for businesses and residents alike.Read more

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Ulhasnagar civic chief orders demolition of 16-storey building for encroaching on DP Road

23 Oct 2024

Ulhasnagar's civic chief, Vikas Dhakne, has ordered the demolition of a 16-storey building named Jhalak due to its significant encroachment on a designated Development Plan (DP) road. The structure, which was to house 65 residential flats and four commercial shops, violated urban planning regulations. Ganesh Shimpi, assistant municipal commissioner, confirmed that preparations, including police security, are underway to execute the demolition within a week. Despite earlier warnings from former UMC commissioner Aziz Sheikh, the developer, Naresh Wadhwani, failed to rectify the encroachment, which covers 80% of the building. The decision, while praised by activists for upholding planning standards, has shocked buyers who now face the loss of their investments.Read more

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Maharashtra to regularise 27,000 illegal constructions in Ulhasnagar

22 Oct 2024

In anticipation of the Lok Sabha elections, the Maharashtra government opted to lower penalties for legalising unauthorised structures in Ulhasnagar. Despite this, revenue officials faced confusion regarding the issuance of property cards post-regularisation. To resolve this, the government introduced a standard format for local Special Development Officers to follow. This initiative aims to benefit over 500,000 residents by regularising more than 27,000 properties deemed illegal. The streamlined process is vital for urban compliance and development in Ulhasnagar.Read more

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