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

Unveiling Noida's Vision: A comprehensive overview of the 210th board meeting

19 Aug 2023

Noida is poised for a substantial expansion across 21,000 hectares, endorsed in the draft Master Plan 2041 for Dadri-Noida-Ghaziabad Investment Region (DNGIR). This enlargement encompasses 20 Noida and 60 Bulandshahr villages. Notably, 8,800 hectares (40%) are slated for industries, 2,500 hectares (12%) for residences, and 3,780 hectares (18%) for green and recreational spaces. Phase one's Rs 8,500 crore investment will transform 3,000 hectares, anticipating a staggering Rs 40,000 crore influx and generating 50,000+ jobs. The expansion aligns Noida with sustainable growth, harmonizing industry, homes, and leisure spaces.Read more

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CUDA unveils ambitious 14-acre urban revitalization project in Masagapur

18 Aug 2023

The City Urban Development Authority (CUDA) has revealed plans for a transformative 14-acre urban layout project in Masagapur. This initiative aims to address urban challenges by incorporating modern amenities, green spaces, and efficient infrastructure. The layout emphasizes a harmonious blend of residential and commercial zones, reflecting the concept of smart cities. CUDA's approach aligns with sustainable practices and technological advancements, fostering a vibrant and functional urban environment. Community input will be sought, making this a pivotal step towards creating a modern, future-proof cityscape in Masagapur.Read more

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Ahmedabad promotes satellite towns for balanced urban development

17 Aug 2023

Ahmedabad Municipal Corporation advocates satellite towns to counter urbanization challenges. The plan aims to distribute population, resources, and infrastructure to nearby self-sustained urban centres. By reducing congestion and promoting sustainability, satellite towns offer a solution to overpopulation and inadequate amenities. The strategy aligns with a balanced growth approach, attracting investment, creating jobs, and enhancing living standards. Collaboration with experts and stakeholders is integral to successful execution, with potential to set a precedent for innovative urban solutions.Read more

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BMC takes proactive measures to improve stormwater drainage system to address waterlogging issues

14 Aug 2023

In response to water-logging concerns, the BMC intends to place 25 robust dewatering pumps along the entire 10 km Mumbai Coastal Road Project (MCRP) stretch. Triggered by recent water-logging at Marine Drive, a congested drainage outfall due to construction debris led BMC to utilize cranes for clean-up. Subsequently, SWD officials surveyed the coastal road area, prompting the MCRP team to deploy pumps at 25 locations, especially where drainage work is ongoing. This initiative aims to mitigate flooding risks and enhance drainage efficiency in the wake of such incidents.Read more

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RLDA concludes New Delhi Railway Station redevelopment pre-bid meeting

11 Aug 2023

RLDA concluded the New Delhi Railway Station's pre-bid meeting with fervour. Leading construction firms like L&T, SPCL, and more participated, both online and offline. The EPC mode redevelopment aims to make it a world-class hub, incorporating commercial spaces, modern amenities, and multi-modal transit. The architecturally innovative 'Infinity' building design spans three floors, facilitating seamless movement. To alleviate congestion, seven flyovers and road expansions are planned. The station will feature a food court, waiting lounges, a child zone, and local product stalls.Read more

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Multi-level parking systems introduced in Mumbai’s Metro Depots

09 Aug 2023

In a bid to revolutionize Mumbai's public transport system and address the challenge of land scarcity, the Mumbai Metropolitan Region Development Authority (MMRDA) is set to introduce a ground breaking solution – two-level parking spaces for metro rakes. This strategic move aims to significantly enhance the efficiency and capacity of the city's metro network, ultimately reducing train frequency and bolstering connectivity.Read more

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MPSEDC introduces 30-year lease model for Sinhasa IT Park, invites tech firms' interest

09 Aug 2023

In response to tepid interest in its rental model, the Madhya Pradesh State Electronics Development Corporation (MPSEDC) is introducing a 30-year lease for IT and ITES firms at Sinhasa IT Park. Located along the Indore-Ahmedabad highway, the park spans 112 acres. The move aims to attract tech businesses looking for long-term commitments. This development coincides with MPSEDC's initiative of constructing a dedicated building for IT companies at the Electronic Complex, marking its determination to bolster the region's tech infrastructure.Read more

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Uttar Pradesh Cabinet allocates 100 crore for the development of new townships in seven cities

08 Aug 2023

The Uttar Pradesh state cabinet has approved a significant allocation of Rs 1,000 crore to develop new townships in seven key cities, including Agra, Aligarh, Bulandshahr, Bareli, Gorakhpur, Jhansi, and Chitrakoot. The state government will cover 50% of the land acquisition costs, and the development authorities will contribute the remaining 50%. The allocation of funds demonstrates the state's commitment to urban infrastructure and development, ensuring vibrant and self-sufficient communities that enhance the overall socio-economic growth of these cities.Read more

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Construction Sector Expected to Generate 100 Million Jobs by the End of the Decade

08 Aug 2023

The construction sector is predicted to make a significant impact on global job markets by generating 100 million employment opportunities by the end of the decade. The projection is based on factors like increasing urbanization, technological advancements, and a growing focus on sustainable development. The industry's adoption of innovative practices, such as 3D printing and AI-driven automation, is boosting efficiency and productivity. Government infrastructure projects and the shift towards remote collaboration are also contributing to the job growth. To fully capitalize on this potential, addressing the shortage of skilled labor through vocational training is vital.Read more

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Mumbai based architect files a PIL for accessible open spaces in the city’s Coastal Road Project

07 Aug 2023

An architect in Bombay has filed a PIL in the Bombay High Court seeking changes to the proposed design of the Mumbai Coastal Road (South) to create more accessible open spaces without altering the entire project. The plea asks the court to appoint an expert committee, including urban design specialists, to assess the feasibility of the proposed changes. The petitioner suggests shifting the road inward and placing open spaces on the seaward side of the reclaimed land. The PIL emphasizes the significance of well-designed public areas, as a majority of the city's population is likely to utilize them over the road.Read more

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