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

Karkardooma TOD project set to enhance connectivity and affordable housing

15 Oct 2024

The Karkardooma transit-oriented development (TOD) project aims to enhance urban living by integrating residential, commercial, and civic facilities. With Phase I expected to be completed by March 2024 and the entire project by September 2026, the development will feature 1,524 flats, including 1,992 designated for economically weaker sections. The mixed-use project will consist of 70% residential, 10% commercial, and 20% civic spaces, along with convenient access to office complexes and the Karkardooma Metro station, promoting efficient connectivity and community living. The total estimated project cost stands at approximately INR 1,168.54 crore.Read more

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Trichy set to transform into IT hub with INR 315.2 crore Tidel Park project

15 Oct 2024

Trichy is set to witness a major boost in its IT infrastructure with Tidel Park Limited launching a INR 315.2 crore tender for the construction of a new IT Park. The project, slated to add 5.5 lakh square feet of office space in the first phase, will triple the city's existing IT infrastructure. With additional private sector developments planned, Trichy is emerging as a prime destination for IT and IT-enabled services (ITES) due to its low operational costs and growing talent pool. This development is poised to significantly elevate the city's economic profile.Read more

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Madhya Pradesh plans infrastructure upgrade with new offices and road improvements

14 Oct 2024

Chief Minister Mohan Yadav recently called for the development of office buildings in Arera Hills, emphasising the need for infrastructure improvements, including walk-to-work facilities. In a meeting reviewing public works projects, he highlighted the importance of using advanced technology for road maintenance and ensuring local welfare in the Indore eastern bypass project. Reports from the meeting revealed the repair of 36,000 km of roads, actions against negligent contractors, and a pilot white topping project on 41 roads across 21 districts. Officials also addressed complaints regarding potholes through the Lok-Path app.Read more

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Noida's Master Plan 2041 aims for transformative growth and connectivity in the region

14 Oct 2024

The proposed Master Plan 2041 for Noida, Greater Noida, and the Yamuna authorities is currently under review, following approvals from respective boards and awaiting government consent. Uttar Pradesh's Industrial Development Minister, Nand Gopal Gupta Nandi, highlighted the potential of these regions to become among the most developed in the country within the next 50 years, supported by seamless connectivity. The plan includes significant developments such as the Jewar Airport and mixed-use projects, while prioritising connectivity and transportation as essential components for urban growth.Read more

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Trichy Corporation launches camp for new UGD connections in completed Phase II areas

14 Oct 2024

The Trichy corporation has initiated a special camp at Pandian Mahal on Thanjavur Main Road for residential and commercial property owners to apply for new underground drainage (UGD) connections in completed areas of phase II of the project. Applicants are required to bring their property tax payment receipts for the calculation of user fees based on property location. The camp, which began at 10 a.m., aims to facilitate around 5,000 connections, with plans for gradual expansion until the end of 2024. This phase of the UGD project, costing INR 377 crore, includes 287 km of pipelines and a sewage treatment plant at Keela Kalkandarkottai.Read more

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Delhi's Future Growth Plan: Master Plan 2041 awaits final housing ministry approval

14 Oct 2024

Union Housing and Urban Affairs Minister Manohar Lal Khattar announced on October 1 that an update to the Master Plan for Delhi 2041 (MPD 2041) is forthcoming and currently under consideration. He acknowledged the challenges in finalising the draft, which has been pending approval from the Housing and Urban Affairs Ministry for one and a half years. The draft, approved by Delhi's Lieutenant Governor V K Saxena last February, emphasises inclusive development and sustainability, with innovative interventions like transit-oriented hubs and river rejuvenation. The Delhi Development Authority (DDA) describes the draft as a strategic framework for guiding the city's future growth while learning from past projects.Read more

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Surya Nagar residents withhold property tax over neglected infrastructure

11 Oct 2024

Residents of Surya Nagar colony in Shaikpet have decided to withhold property tax payments due to inadequate civic services, intending to redirect these funds towards neighbourhood improvements. Despite being an award-winning HUDA layout, the area now suffers from poor infrastructure, including pothole-ridden roads and sewage issues. Community leaders are prepared to fund necessary repairs themselves if local authorities remain unresponsive. The GHMC has allocated INR 70 lakh for new road construction, with work expected to begin soon.Read more

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Tunnel Project at Film City faces opposition over tree-cutting and wildlife impact

11 Oct 2024

The Brihanmumbai Municipal Corporation (BMC) is planning to acquire a 22-acre site at Film City in Goregaon to set up a casting yard and a boring machine for a tunnel linking Mulund and Goregaon. This initiative will involve cutting down approximately 700 trees, prompting opposition from environmentalists. Film City, adjacent to Sanjay Gandhi National Park, is a wildlife haven. The project has yet to receive final approvals, and concerns have been raised regarding deforestation and prior commitments to compensatory afforestation. The planned 6.3-kilometre tunnel aims to cut travel time significantly, with a completion target set for October 2028.Read more

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Mumbai's new Aarey-BKC Metro line debuts with over 15,500 passengers on first day

11 Oct 2024

The recently launched Phase I of the Aarey to BKC metro line opened smoothly earlier this week, attracting over 15,500 passengers on its first day. The Marol to BKC segment, benefiting from connections to other metro lines, saw significant usage. While initial ridership included many joyriders, traffic increased during peak hours. Commuters reported reduced travel times and appreciated the infrastructure. However, issues like poor mobile connectivity, lack of escalators, and last-mile access remain concerns. Tickets are available at INR 10 through various methods.Read more

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Patna's Smart City Initiative: 17 projects completed, more work to be completed by 2025

10 Oct 2024

Patna was selected under the Central Government's Smart Cities Mission (SCM) in 2017. As part of this developmental initiative, cities on the list are eligible to receive INR 1,000 crore over the period of five years, with funds provided by both the central and state governments. The goal is to develop selected areas within these cities by improving the civic facilities through smart technology and infrastructure. Patna's inclusion in the program was meant to enhance urban living, address key infrastructure challenges, and modernize city services to benefit its residents with improved, tech-driven amenities and a better quality of life.Read more

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