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

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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Expert panel favors repair for Malabar Hill reservoir

11 Jan 2024

A committee advised repairing Mumbai's aging Malabar Hill Reservoir, crucial for the city's water supply, in an interim report presented to BMC Commissioner Iqbal Singh Chahal. The recommendations suggest targeted fixes rather than costly reconstruction, pending the final report. Chahal emphasised making wise decisions that strike a balance between finances and infrastructure needs. The final report will outline repair specifics, guiding budget allocations and setting precedents for future projects. Locals welcomed the repair approach, foreseeing minimized disruptions. This strategy ensures structural integrity, demonstrating Mumbai's commitment to sustainable urban development.Read more

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Bundelkhand transformation: BIDA's plan for 35,000 acres of growth

11 Jan 2024

Chief Minister Yogi Adityanath has suggested a revolutionary plan for Bundelkhand, based on the remarkable economic recovery of Noida. The newly formed Bundelkhand Industrial Development Authority (BIDA) will lead an ambitious plan, backed by substantial investments and strategic projects. Land acquisition in Jhansi, coupled with the Bundelkhand Expressway and UP Defence Corridor, sets the stage for a transformative industrial hub. Yogi's vision positions Bundelkhand on a path similar to Noida's triumph, marking a defining moment in the region's economic landscape.Read more

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Union Environment Ministry permits limited residential construction in Goa and Uttarakhand forests

10 Jan 2024

The Union environment ministry has authorized the construction of residential homes up to 250 square meters in private forests of Goa and Uttarakhand. It would be applicable to homes constructed up to February 11, 2011. This decision is aimed at mitigating the housing challenges faced by landowners while preventing forest fragmentation. The policy strictly limits construction to residential purposes and requires adherence to environmental guidelines, including minimal tree-felling and soil conservation. This move seeks to balance the need for residential development with environmental conservation in these ecologically sensitive regions.Read more

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Gurugram DTCP razes six illegal colonies and frees 15-acre agriculture land

09 Jan 2024

In a targeted move against unauthorized colonies, the enforcement wing of the town and country planning department (DTCP) demolished six such colonies spanning 15 acres in Hayatpur and Sadrana in Gurgaon. The demolition, aimed at curtailing the illegal use of prime agricultural land, included structures, boundary walls, and entire road networks associated with the unauthorized colonies. The crackdown, in line with the Haryana Development and Regulation of Urban Areas Act, involved stringent legal measures, underscoring the government's commitment to combating illegal land development and preserving urban planning integrity.Read more

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Yamuna Authority launches extensive survey for major land acquisition near airport

09 Jan 2024

The Yamuna Authority has initiated a survey for acquiring approximately 3,778 acres near Noida International Airport, earmarked for residential, industrial, and mixed-use development. Over 2,000 residential plots in Sector 5 and an industrial focus in Sector 6 are planned. Sectors 7 and 8 will have varied land uses, blending residential, commercial, and industrial facilities. This move is expected to boost the region's economy, especially near the airport. The 15-day survey marks a significant step in the region's development, promising a balanced and sustainable urban environment.Read more

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UAE's potential role in Kerala's tourism township sparks debate on ecological impact

08 Jan 2024

The Kerala state government is progressing with plans for a tourism township in either Vagamon or Munnar, potentially involving the UAE government. The proposal raises concerns about ecological sensitivity, as both locations are in environmentally fragile areas. While details about the UAE government's role remain uncertain, questions have been raised about potential ecological damage, considering recommendations against such initiatives in ecologically sensitive regions. Transparency and adherence to environmental guidelines are crucial for the project's success. The Kerala government's commitment to sustainable development, as seen in establishing guidelines for the Munnar Hill Area Authority, emphasizes the delicate balance between economic potential and ecological preservation.Read more

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State-RWITC potential lease deal for park at Mahalaxmi racecourse

08 Jan 2024

An agreement between the government and the Royal Western India Turf Club (RWITC) for a proposed theme park on the Mahalaxmi racecourse awaits approval from 75% of the club's 2,000+ members. An extraordinary general meeting in January will be decided, with CM Eknath Shinde and BMC chief I S Chahal explaining the plan. The racecourse spans 226 acres, with 70% under the state and 30% under BMC. The government assures racing activities' would be uninterrupted during the proposed development. Ongoing debates include the racecourse's transformation into a theme park, has drawn criticism from the opposition and walkers who deem it detrimental to the city's open space.Read more

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Aarey Milk Colony expanded by 132 hectares and declared as Green Zone

05 Jan 2024

The state government has expanded Aarey Milk Colony's 'green zone' by 132 hectares, providing the entire 445-hectare area with the highest environmental protection. This landmark decision, three years in the making, secures Aarey's position as one of Mumbai's last green lungs. The move addresses concerns of potential commercial exploitation, emphasizing a commitment to preserving the city's diminishing green spaces and marking a significant victory for environmental advocates.Read more

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Fadnavis accelerates implementation of Rs. 668.72 Crore DPC plan in Nagpur for 2024-25

05 Jan 2024

Deputy Chief Minister Devendra Fadnavis urges rapid implementation of the District Planning Committee's (DPC) Rs. 668.72 crore plan for 2024-25 before the model code of conduct for upcoming elections. The DPC greenlighted the budget, including an additional demand of Rs. 1,431 crore, totalling Rs.2,100 crore for the district. Changes in financial criteria for rural gymnasiums and concerns over sports-related project materials are noted. A significant budget adjustment reduces funds for a self-help group mall, while Fadnavis enhanced emergency capabilities by providing 5 fire tenders and 11 SUVs through DPC funds.Read more

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