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

BMC faces challenges in completing road overbridges in Mumbai amidst MTHL success

19 Jan 2024

The Mumbai Trans Harbour Link (MTHL), a 21-kilometer sea bridge, recently opened after six years, enhancing city connectivity. However, the Brihanmumbai Municipal Corporation (BMC) is struggling to complete two smaller road overbridges, comprising only three percent of MTHL's size. The Vikhroli overbridge, initiated in May 2018, faced delays due to design changes, encroachments, and utility shifts, increasing costs from Rs 47.75 to Rs 97.37 crore. Similarly, the Vidyavihar overbridge, started in March 2018, faced setbacks, escalating costs from Rs 99.98 to Rs 178.93 crore. Activists cite coordination issues among government agencies, emphasizing the urgency of efficient project management for timely infrastructure completion in Mumbai's growing landscape.Read more

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Mumbai's GMLR junction to get a facelift with 22 new footpaths

18 Jan 2024

Mumbai's M East ward is set to transform its streets with a Rs 6.15 crore project under the Pedestrian First policy. The initiative, focusing on the Ghatkopar Mankhurd Link Road junction, involves constructing new footpaths along 22 roads. The project aims to prioritize pedestrian safety and accessibility, featuring tactile indicators for the visually impaired and a new clock tower at the Indian Oil Junction. This move marks a significant shift in urban design, prioritizing pedestrian needs and setting a new standard for city planning in India.Read more

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Rs 1700 crore approved for a road project in Arunachal Pradesh

17 Jan 2024

Under the guidance of Union Minister Nitin Gadkari, the central government has allocated Rs 1,782 crore for a strategic road project in Arunachal Pradesh. The 82-kilometer greenfield road from Pango to Jorging in the Upper Siang district aims to ensure year-round connectivity, fostering socio-economic development in the region. Chief Minister Pema Khandu has lauded this initiative, emphasizing the government's commitment to enhancing connectivity in Arunachal Pradesh. The strategic road is crucial for security forces, reducing travel time to border areas. The project aligns with the government's vision for comprehensive development and strengthened infrastructure in the northeastern state.Read more

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Maharashtra Government allocates Rs 239.60 crore for 'Maharashtra Pavilion' at National Maritime Heritage Complex

17 Jan 2024

The Maharashtra Government has allocated Rs 239.60 crore for a 'Maharashtra Pavilion' at the National Maritime Heritage Complex in Lothal, Gujarat. The pavilion is set to showcase the state's rich maritime legacy with a spotlight on historical ports and Chhatrapati Shivaji Maharaj's strategic navy. The move aligns with the broader NMHC project initiated by PM Narendra Modi in 2019, reflecting a commitment to preserving India's maritime history. The complex, slated to complete by March 2024, will offer a comprehensive exploration of India's maritime heritage with museums, amusement parks, and recreations of ancient cities.Read more

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Prime Minister Modi unveils Rs 20,000 Crore development plans in Tamil Nadu

16 Jan 2024

During his recent visit to Tamil Nadu, Prime Minister Modi inaugurated projects worth over Rs 20,000 crores across various sectors, emphasizing their role in the state's progress, job creation, and improved transportation. He paid tribute to late Captain Vijayakanth, praising his impact in cinema and politics, and commended Dr. M.S. Swaminathan, the 'Father of India's Green Revolution.' Modi spoke at Bharathidasan University, lauding Indian youth for patent filing growth and quoting Tamil verses for a courageous world. The visit highlighted developmental initiatives and celebrated Tamil Nadu's cultural and intellectual contributions.Read more

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MSRDC plans development of 28-acre land parcel in Bandra Reclamation

15 Jan 2024

The Maharashtra State Road Corporation (MSRDC) plans to develop its prime 28-acre land parcel in Bandra Reclamation and is looking for a construction company for the big project. With a minimum expected windfall of Rs 8000 crores, MSRDC intends to implement a revenue-sharing scheme. The mixed-use site will combine commercial and residential areas, and the hired firm will create the complicated master plan. MSRDC intends to retain ownership while leasing for 60 years, with an option to extend the lease for another 30 years.Read more

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Urgent repairs required for 44 WEH flyovers and subways in Mumbai

15 Jan 2024

A structural audit by Veermata Jijabai Technological Institute (VJTI) revealed the need for urgent repair for 44 structures, including flyovers and subways, along Mumbai's Western Express Highway (WEH). The Brihanmumbai Municipal Corporation (BMC) will now address maintenance previously overseen by the MMRDA. The repairs will need a significant investment of Rs 200 crore. Key projects include the Andheri flyover and Parsi Panchayet underpass. The BMC's commitment to enhancing urban infrastructure safety marks a significant step in ensuring reliable and safe commutes for Mumbai's residents.Read more

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GIFT City encourages co-working to overcome space shortage

12 Jan 2024

GIFT City in Gujarat has experienced an incredible transformation, evolving into a thriving business hub. Initially facing low demand, it now faces with a shortage of commercial space as companies race to establish themselves. The city is positioning itself not only as a financial hub but also as an innovation center for various industries. Factors like the establishment of bullion and currency exchanges, along with the recent permission for liquor sales, have fueled this growth. As the availability of space is limited, GIFT City is trying to overcome the challenges through innovative solutions like co-working and temporary dome structures for immediate space needs.Read more

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Goa explores Township Development along proposed Ring Road to boost tourism

12 Jan 2024

Goa envisions a transformative project with a proposed ring road, backed by the Ministry of Road Transport and Highways. Minister Nitin Gadkari's suggestion to explore a township along the scenic route aims to boost tourism and provide diverse facilities. However, officials await a consultant's report to address challenges like the rugged ghat terrain, potential tree loss, and land availability. The project not only promises traffic relief but also holds the key to unlocking Goa's economic and tourism potential.Read more

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MTHL set to drive travelling time down by 80% and property prices up by 40%

11 Jan 2024

Mumbai Trans Harbour Link (MTHL), a 21.8 km bridge connecting Sewri in Mumbai to Navi Mumbai's Chirle is set to open soon. It is hailed as a game-changer because the travelling time is set to cut down from 2 hours to just 20 minutes. With smarter technology like Orthotropic Steel Decks being used, MTHL will be accommodating 70,000 cars/day at 100 km/h. Beyond speed, it's also a real estate game-changer as Navi Mumbai property values are projected to rise by 35-45%. At Rs 250 for a one-way trip, it's a steal for Mumbai-Navi Mumbai travellers. MTHL isn't just a bridge—it's Mumbai's next real estate bestseller, redefining living and investment opportunities.Read more

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