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

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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Noida Authority to examine interstate financial models for upcoming township project

PNT Reporter

18 May 2023

The Noida Authority is set to scrutinize financial models from Gujarat, Haryana, Delhi, and Rajasthan, aiming to inform its land acquisition strategy for the upcoming Dadri-Noida-Ghaziabad Investment Region (DNGIR). This study, led by the planning department's general manager, will culminate in a report for state government approval. The initiative is part of the Authority's commitment to explore innovative land acquisition strategies, supporting its vision of phased industrial development in the region and creating over 50,000 job opportunities.Read more

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Indore aims to boost its tech industry with two new IT Parks

PNT Reporter

17 May 2023

Indore, known for its business activities, is planning to construct two additional IT Parks to attract more IT/ITES companies to the area. One of these parks is proposed to be built in the Electronic Complex, while the other is set to be located near the Crystal IT Park. The new IT Parks are expected to offer amenities such as co-working spaces, conference rooms, gymnasiums, restaurants, and accommodation for visiting clients. The MPIDC is striving to create an environmentally friendly infrastructure, with solar panels and direct sunlight provisions included in the design. The new parks are expected to accommodate more than 50 technology firms and help stimulate economic growth in the region.Read more

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Gujarat's Joint Development Plan to boost integration and infrastructure

PNT Reporter

16 May 2023

The urban development authorities of Gujarat’s two major cities, Ahmedabad, and Gandhinagar are collaborating on a joint development plan (DP) to be completed by March 2024. The plan will integrate the roads and civic infrastructure connecting both cities and consider the non-agricultural land of the 69 villages within Ahmedabad Urban Development Authority's green zone. The joint DP is also expected to improve the overall development of the two cities, as there is no clear boundary between them. However, experts caution that the plan must prioritize policy and prospects rather than project-driven development to prevent conflicts of interest.Read more

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Historic Victoria Zenana Hospital faces demolition, conservationists rally for preservation

16 May 2023

The landmark Victoria Zenana Hospital in Hyderabad, the city's first all-women hospital, is slated for demolition this month to accommodate a new multi-level parking lot for the Telangana High Court. Despite government approval for the demolition, heritage conservationists insist the 120-year-old building could be repurposed. The decision to raze the site, which once housed pioneering women doctors and is a notable example of Indo-Saracenic architecture, has sparked intense debate about the need for urban development versus the preservation of historical heritage.Read more

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Eight 'theme-based townships' in works in Uttarakhand

PNT Reporter

16 May 2023

The Uttarakhand government plans to build eight new theme-based townships in the state, with two more sites currently being studied. The government has proposed a city in Parag Farm and another in Doiwala, and 10 out of 20 locations have been shortlisted for development. The projects include a Film City, a Cyber City, a Wellness Township, a Haldwani Twin City, and a Tourism Township. The aim is to draw investment and generate jobs while keeping up with population growth in urban areas.Read more

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Towering buildings in Hyderabad cause gridlock due to lack of traffic impact assessments

PNT Reporter

15 May 2023

The failure of civic bodies in Hyderabad to ensure that traffic carrying capacity of a road is assessed before giving permission for a new building has left many residential areas choked under vehicle pressure. Builders are not conducting mandatory Traffic Impact Assessment (TIA) when seeking building permissions, and the Greater Hyderabad Municipal Corporation and other ULBs within Hyderabad Metropolitan Development Authority are not strict about conducting traffic studies. With permissions being given freely, small by lanes are turning into major bottlenecks, causing gridlock and making it difficult for residents to access their homes.Read more

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Delhi's Jama Masjid to undergo a major facelift

PNT Reporter

15 May 2023

Delhi's iconic Jama Masjid is set to receive a much-needed facelift as part of a redevelopment plan conceptualized in 2004. The Shahjahanabad Redevelopment Corporation (SRDC) has approved a fresh tender issued by the Public Works Department (PWD) for preparing a detailed project report (DPR) for the mosque's redevelopment, which includes the refurbishment of surrounding areas such as Meena Bazaar, construction of walkways, pedestrian passages, and common utility ducts. The first part of the project will focus on the area around Jama Masjid, while the second part will require a new DPR for revamping the mosque's premises.Read more

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Gurugram's infrastructure stressed by 20,000 new builder-floors in five years

PNT Reporter

12 May 2023

Gurugram's infrastructure is under immense pressure as over 20,000 new builder-floors have been constructed since 2017, following the Haryana government's allowance of stilt plus four floors. The city's infrastructure, initially designed for two and a half floors per plot, now faces issues such as water supply problems, broken roads, and power outages. Despite government assurances, residents demand a halt to the registration of fourth floors and call for infrastructure upgrades to manage the strain on civic amenities.Read more

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UP government to start land acquisition for Noida International Airport phase 2 in July

PNT Reporter

11 May 2023

The UP government plans to begin the land acquisition process for the second phase of the Noida International Airport in July. Two townships will be established in Falaida Cut and Modal Pur to resettle the impacted villagers. The government requires 230 hectares of land to build the townships, and officials have issued notifications for people to file objections. After addressing objections, compensation will be handed out, and land will be acquired. The resettlement process is estimated to take two years, and families will be given jobs or a one-time payment of Rs 5 lakh. Connectivity will be improved by linking the townships to nearby roads.Read more

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