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

Arvind Kejriwal unveils revolutionary recycling plant to tackle Delhi's debris dilemma

13 Oct 2023

Delhi faces a colossal daily burden of 6,500 tonnes of construction debris. In response, Chief Minister Arvind Kejriwal unveiled India's largest Construction and Demolition (C&D) waste recycling facility, managed by EverEnviro Resource Management. The cutting-edge plant can process 2,000 tonnes of C&D waste daily across a sprawling 7-acre site, offering a potential solution to the city's waste woes. EverEnviro efficiently collects and transforms construction debris into high-quality recycled materials, bolstering circularity in construction and reducing environmental strain. This initiative has the potential to enhance Delhi's urban environment by curbing pollution and fostering sustainable construction practices, setting a vital example for the industry.Read more

cover photo

Kolkata Municipal Corporation extends jurisdiction to improve urban services

13 Oct 2023

Kolkata is set to expand after a decade, incorporating three areas to provide urban services to 60,000 residents lacking essential facilities. The Kolkata Municipal Corporation (KMC) plans to include Jagadipota and Mukundapur under its jurisdiction, addressing issues like waterlogging and poor roads. Rania mouja in south Kolkata will also be under KMC, benefiting 15,000 residents. The move aims to enhance civic amenities, generate revenue, and simplify property-related processes. Residents welcome the initiative, anticipating improved infrastructure and a better quality of life. KMC's expansion signifies a significant step toward enhancing living conditions and fostering community development.Read more

cover photo

India's Ministry of Home Affairs unveils plan for smart fencing along Myanmar border

12 Oct 2023

The Ministry of Home Affairs (MHA) in India is planning to establish a 100 km advanced smart fencing system along the Myanmar border to enhance security and address issues such as ethnic violence in Manipur. In 2022, Manipur witnessed a significant number of insurgency-related incidents, with various insurgent groups active in the state. The existence of a Free Movement Regime (FMR) between India and Myanmar has also been noted, with Manipur's Chief Minister urging its cancellation. The construction of fencing for a border length of 10.023 km at Moreh, Manipur, has been assigned to the Border Roads Organisation (BRO). The MHA report highlights the complex security situation in the north eastern states, emphasising the need for collaborative efforts to ensure peace and stability in the region.Read more

cover photo

Karnataka State Board of Wildlife approves Kalasa Nala Scheme for drinking water supply

12 Oct 2023

The Karnataka State Board of Wildlife has greenlit the long-stalled Kalasa Nala Scheme, aimed at bolstering the water supply to several districts in Karnataka, including Belgavi, Bagalkot, Dharwad, and Gadag. This initiative involves the redirection of water from the Mahadayi River in Goa to the Malaprabha River in Karnataka, spanning a 67.146-hectare wildlife habitat. The project encompasses the construction of dams, a canal system, and underground transmission lines to minimize the impact on forest land. While approvals are progressing, the Supreme Court's decision on Karnataka's access to water for the scheme is pending, emphasizing the need for comprehensive permissions. Once completed, the project will alleviate the state's drinking water challenges.Read more

cover photo

Infrastructure Impasse: L&T and BMC lock horns on the Coastal Road Project

11 Oct 2023

The Brihanmumbai Municipal Corporation (BMC) and Larsen & Toubro (L&T) are engaged in arbitration over a Rs 200 crore cost escalation dispute in Mumbai's Coastal Road (South) project. L&T is involved in the construction of package 1 and package 4 of the project and it is seeking an additional Rs 100 crore for each of the two construction packages. This is due to disagreements over base index to be referred for cost calculation. The Coastal Road project is an ambitious project of the BMC and it aims for completion by May 2024.Read more

cover photo

PMRDA to leverage land along Pune Metro for development and revenue generation

11 Oct 2023

Pune Metro is leveraging property assets to fund its expansion, allocating 9.7 hectares of land to Tata Group along a new 23 km elevated Metro line. This land allocation offers real estate development opportunities, with a portion already assigned to Pune IT City Metro Rail Limited. Real estate developers see potential for upscale properties along all three Metro lines, encouraged by increased Floor Space Index (FSI) and transit-oriented development. The Metro aims to significantly reduce commuting times, completing its journey in under 40 minutes. Delays have pushed the project's operational start to March 2025.Read more

cover photo

KHB plans a prestigious Rs 850 crore Integrated Township near Bengaluru Airport

11 Oct 2023

The Karnataka Housing Board (KHB) has proposed the construction of a world-class integrated township near Kempegowda International Airport, Bengaluru. It involves residential and commercial complexes alongside the integrated township. The project is set to be built on 95.23 acres of land in Chikkajala-Meenukunte village and the consent for transferring 65 acres of land for the project has already been received. It is a joint collaboration between KHB and landowners and aims to enhance connectivity and infrastructure in the vicinity of Kempegowda International Airport.Read more

cover photo

YEIDA issues its third global tender for the 230-acre Film City Project

10 Oct 2023

The YEIDA has issued a third global tender, focusing on the initial phase of the International Film City project in Sector 21. This 230-acre phase is part of a broader 1,000-acre project and aims to attract investors through a public-private partnership. Previous attempts to solicit interest for the entire 1,000-acre project faced challenges due to its substantial investment requirements. The project will include film studios, a film institute, post-production facilities, and commercial aspects like hospitality and an amusement park. YEIDA has extended the concession period and eased revenue-sharing terms to attract bidders.Read more

cover photo

Hyderabad's old city to welcome Rs 700 crore iTEK Nucleus IT tower

10 Oct 2023

The Telangana government has announced the construction of the Rs 700 crore 'iTEK Nucleus' IT tower in Malakpet, Hyderabad's Old City. This ambitious project will cover 11 acres and provide approximately 15 lakh square feet of built-up space, with plans to create 50,000 job opportunities. The 30-story tower will feature a panoramic sky lounge offering a 360-degree view of Hyderabad and is designed to achieve a gold rating from the Indian Green Building Council. The project is a collaboration between the Telangana State Industrial Infrastructure Corporation (TSIIC) and the Finczars consortium, with an expected completion time of 36 months. This initiative reflects the government's commitment to enhancing the tech ecosystem of the Old City and bolstering Hyderabad's infrastructure and transportation.Read more

cover photo

MMRDA plans for six key centres in Mumbai Metropolitan Region

07 Oct 2023

Mumbai Metropolitan Region Development Authority (MMRDA) is forging ahead with plans to establish six expansive growth centres across Bhiwandi, Alibaug, Kalyan, and Thane, aiming to lure investment by capitalizing on proximity to major infrastructure projects. The Kharbav centre, near Bhiwandi, is poised to become a magnet for investors due to its strategic location along the Virar-Alibaug multi-modal project, Mumbai-Ahmedabad high-speed rail, and dedicated freight corridors. Meanwhile, the Poynad centre in Alibaug gains appeal from its proximity to the Mumbai Trans Harbour Link, Virar-Alibaug multimodal corridor, and the upcoming second international airport in Navi Mumbai.Read more

cover photo