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

DMRC receives land clearance for Keshopur Station in phase 4 metro project

PNT Reporter

05 Jun 2023

In an important development, Lieutenant Governor VK Saxena has granted approval for the transfer of land to the Delhi Metro Rail Corporation (DMRC). The approval comes after a long-pending request made by the DMRC to the Delhi government. The land transfer will facilitate the construction of a new station at Keshopur as part of the ongoing Phase-IV project. Situated on the under-construction metro corridor between Janakpuri and RK Ashram Marg, the Keshopur station will provide a crucial link in the expanding Delhi Metro network.Read more

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Bandemutt layout locals protest over poor infrastructure and inadequate water supply

PNT Reporter

02 Jun 2023

Protests have erupted in Bandemutt KHB Layout, Bengaluru, over glaring infrastructure deficits and irregular water supply. Despite the allocation of INR 10 crore for development works since the area came under BBMP jurisdiction six months ago, residents assert that little progress has been made beyond road excavation. The residents, now resorting to public demonstrations, also express safety concerns due to rising housebreaking incidents. Their calls for increased police presence in the area remain unanswered, adding to the growing dissatisfaction among the community.Read more

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CIDCO takes charge as new town development authority for Jalna-Kharpudi project

PNT Reporter

31 May 2023

The Maharashtra government has appointed CIDCO (City and Industrial Development Corporation) as the New Town Development Authority (NTDA) for the Jalna-Kharpudi New Town Project. This decision marks CIDCO's involvement in the development of the state's eleventh new town project. With this appointment, CIDCO aims to create a well-designed and well-connected urban space that caters to the needs of the growing population while preserving natural resources. Through its efforts, CIDCO continues to drive progress and prosperity in Maharashtra, setting a benchmark for urban planning and development in the region.Read more

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Rajasthan Government approves GIS-based 3D models for urban planning enhancement

PNT Reporter

31 May 2023

The Rajasthan government has approved the creation of 3D models for Jodhpur, Udaipur, Kota, and Ajmer using GIS technology. With a significant budget allocation, these models will enhance urban planning and administration by suggesting land use, aiding infrastructure development, and facilitating large-scale planning. Virtual tours through Virtual Reality technology will be possible, and a satellite imagery repository called Rajdhara will be established to analyse various aspects of land usage. Additionally, the government plans to develop Lavkush Gardens in each district to promote ecotourism and environmental awareness.Read more

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Ghaziabad Master Plan 2031 incorporates SDAs and influence zones for strategic development

PNT Reporter

26 May 2023

Ghaziabad's Master Plan 2031 is set to come into effect within the next two months, with approval anticipated by July. The new plan, which spans a 10-year period and incorporates areas like Loni, Dasna, Modinagar, and Muradnagar, aims to leverage Ghaziabad's strategic location and robust transportation networks for a forthcoming logistic hub in the National Capital Region (NCR). Utilizing Geographical Information System (GIS) technology for the first time, the plan ensures accuracy and precision. Noteworthy changes include increased residential land allocation and the establishment of special development areas (SDAs) near Guldhar and Duhai for new townships.Read more

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Chhattisgarh High Court clears path for Bilaspur & Raipur Smart City Projects

PNT Reporter

24 May 2023

The Chhattisgarh High Court has dismissed a petition challenging the Smart City projects in Bilaspur and Raipur, clearing the path for these urban development initiatives to proceed unhindered. The petition claimed these projects were infringing on the roles of the municipal corporations. However, the court ruled that no overstepping had occurred. The verdict ensures the continuation of key developmental activities aimed at enhancing residents' quality of life and bolstering urban infrastructure, setting a robust precedent for future Smart City projects across India.Read more

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SRA directed to allocate Rs 300 crore for Dharavi redevelopment

PNT Reporter

22 May 2023

The state government of Maharashtra has directed the Slum Rehabilitation Authority (SRA) to allocate Rs 300 crore to the Dharavi Redevelopment Project Authority (DRPA) for the revitalization of slums in Dharavi. However, a pending payment of Rs 200 crore to the Indian Railways for the railway land integrated into the project poses a financial hurdle. Adani Realty, the proposed developer, awaits the official contract after a delay caused by concerns raised in the Hindenburg report on Adani's financial status.Read more

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Maharashtra Government plans parks alongside Samruddhi Corridor for economic growth

PNT Reporter

22 May 2023

Officials of the Maharashtra State Farming Corporation (MSFC) have been directed by Revenue Minister Vikhe Patil to create plans for multiple parks in the Samruddhi Corridor project. The project, which is being developed in two phases, aims to facilitate multimodal logistics and business parks alongside the Samruddhi Mahamarg (Mumbai- Nagpur Expressway). The plan is expected to generate employment opportunities and provide services to industries, including food parks, cold storage, warehousing, and packaging. The connectivity between the Samruddhi Corridor and the Shirdi Airport will enhance the value of these parks, allowing for easier export of produce and growth of service industries.Read more

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SC directs Himachal Government to consider objections to the Shimla Draft Development Plan

PNT Reporter

19 May 2023

The Supreme Court of India has directed the Himachal Pradesh government to address objections to the Shimla draft development plan and publish a final plan within six weeks. The court emphasized that construction based on the draft plan is not allowed. The National Green Tribunal had previously declared the draft plan illegal and in conflict with its ruling. Construction of any kind without sanctioned plans were deemed unauthorized by the court, with applicants encouraged to seek remedy through the High Court. The state's view was deemed non-binding due to the overriding provisions of the NGT Act.Read more

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Smart City project in Dehradun faces criticism and delays

PNT Reporter

18 May 2023

The urban development minister of Uttarakhand, Prem Chand Agarwal, expressed his dissatisfaction with the progress of Dehradun's Smart City project during a review meeting held earlier this month. The project, which was expected to be completed by June 2023, has caused inconvenience to the public due to delays and uncoordinated efforts. The minister urged authorities to speed up the work and increase night shifts to complete the projects before the monsoon season, while ensuring good quality. However, several projects, such as the smart roads and green building development, are falling behind schedule.Read more

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