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

Mumbai: BMC introduces strict guidelines to curb air pollution from construction and road dust

27 Dec 2024

The Brihanmumbai Municipal Corporation (BMC) has introduced stringent guidelines to combat air pollution in Mumbai, targeting emissions from construction activities and road dust. Key measures include banning wood as cooking fuel, prohibiting bonfires at construction sites, and deploying vigilance teams to enforce compliance. The Solid Waste Management Department will oversee dust control at construction sites, while engineers and supervisors are mandated to adhere to strict protocols. Building on earlier initiatives, the BMC�s action plan emphasises public awareness and collaboration to address urban pollution. These efforts aim to create a cleaner, sustainable environment, balancing the city�s development with public health priorities.Read more

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World Bank approves USD 800 million loan for Amaravati city development in Andhra Pradesh

26 Dec 2024

The World Bank has approved a USD 800 million loan to develop Amaravati, an ambitious new city in Andhra Pradesh, India. The funding will support the creation of a climate-resilient, well-managed urban growth center. Amaravati, expected to be part of a broader metropolitan region with Vijayawada and Guntur, will be designed to accommodate 3.5 million people by 2050. The project is set to attract significant private-sector investment and will focus on building sustainable infrastructure, including roads, public transport, and flood-mitigation systems. The World Bank is also working with the Asian Development Bank to finance the city's initial phase.Read more

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NGT orders inspection of alleged unauthorised construction at Okhla Bird Sanctuary

26 Dec 2024

The National Green Tribunal (NGT) has directed the Union Ministry of Environment, Forest and Climate Change (MoEFCC) to inspect Noida's Okhla Bird Sanctuary for unauthorised construction following a petition alleging illegal activities, including permanent structures by the divisional forest officer. While NOIDA confirmed that a dismantled road project was discontinued, the tribunal ordered a detailed investigation to verify any ongoing violations. The MoEFCC representative must submit a report within eight weeks. This directive underscores the NGT's commitment to preserving ecologically sensitive areas like the sanctuary, a critical habitat for migratory birds, ensuring accountability and strict adherence to environmental protections.Read more

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Indore Development Authority sets 7-day deadline to clear hurdles on 9.4 km MR-12 road project

25 Dec 2024

The Indore Development Authority (IDA) has fast-tracked the long-pending 9.4 km MR-12 road, crucial for connecting the Bypass to Ujjain Road. So far, only 3.5 km is complete, with 31 brick kilns obstructing progress. The district administration has issued a seven-day notice for their removal, rejecting a three-month extension request. Key features include a 100m-long bridge and a 700m railway over-bridge. Set to ease congestion and support the 2028 Simhastha festival, the project reflects the administration's push for better infrastructure while balancing livelihoods and timely execution. Completion is targeted for 2025.Read more

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Maharashtra government partners with ADB for Nagpur Metro phase II funding

24 Dec 2024

The Maharashtra government has teamed up with the Asian Development Bank (ADB) to get INR 1,527 crore in finance for phase II of the Nagpur Metro project. Signed earlier this month, the deal aims to improve connectivity in Nagpur and the surrounding territories. The total funding for this phase is INR 3,586 crore, with contributions from ADB and the European Investment Bank. The project, which spans 43.8 kilometers across four routes, is intended to serve roughly one million citizens by promoting efficient transit and regional development.Read more

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Tripura allocates INR 27,000 crore for satellite towns and infrastructure

PNT Reporter

23 Dec 2024

The Tripura government is establishing three satellite towns near Agartala, Dharmanagar, and Udaipur to manage urban growth and reduce population pressure on major towns. Chief Minister Manik Saha announced the initiative, with INR 27,000 crore allocated for infrastructure and public amenities. These towns aim to improve communication, education, healthcare, and sports facilities. Additionally, advancements in healthcare, including kidney transplants at Agartala Government Medical College, mark progress. Cross-border projects with Bangladesh face delays due to political unrest. This proactive approach aims to enhance living standards, ensuring sustainable urban development for Tripura's growing population.Read more

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Pune: Mhalunge-Maan town planning scheme set for revival in 2024

PNT Reporter

23 Dec 2024

The Mhalunge-Maan town planning scheme in Pune is set for progress in 2024. Covering 250.5 hectares and benefiting 5,800 residents, the scheme aims to develop a sustainable urban space with planned infrastructure and land use. Aligned with PMRDA's broader urban growth plans, the scheme supports the proposed 128-km inner ring road and adopts a land redistribution model inspired by Gujarat. Residents will receive 50% of developed land, with an arbitrator overseeing allocations. Alongside five other town planning initiatives spanning 751.55 hectares, the project seeks to enhance connectivity, attract investments, and improve living standards, marking a key milestone in Pune's urban development.Read more

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Mumbai's Carnac Bridge reconstruction to boost connectivity by mid-2025

PNT Reporter

20 Dec 2024

The 154-year-old Carnac Bridge in south Mumbai is undergoing extensive reconstruction, with the Brihanmumbai Municipal Corporation (BMC) recently installing a 516-metric-ton iron girder on the railway's south side. Originally built in 1867, the bridge was deemed unsafe in 2018, prompting this redevelopment. The BMC aims to complete the reconstruction by June 2025, following a meticulous timeline that includes approach road construction and load testing. The project, overseen by senior officials, hinges on timely approvals from Central Railway for railway blocks and related activities.Read more

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Maharashtra plans new airport in Gadchiroli to boost connectivity and development

PNT Reporter

20 Dec 2024

The Maharashtra Airport Development Company (MADC) is set to acquire 229 hectares of land across four villages-Murkhada, Pulkhal, Kanori, and Mudjha-for a greenfield airport in Gadchiroli. Approved by a recent government resolution, the project aims to improve connectivity and foster economic growth. Following a prefeasibility study by the Airports Authority of India (AAI), the airport will feature a 2,500-2,800 metre runway. Targeted to be operational within 4-5 years, the airport will support growing industrial and mining activities, transforming Gadchiroli into a connected hub and integrating the district into Maharashtra's development framework.Read more

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Valasaravakkam: GCC converts plot into an eco-park for residents

PNT Reporter

20 Dec 2024

A previously neglected, garbage-filled four-acre plot in Valasaravakkam, Chennai, is undergoing a major transformation into a sprawling lake. Once prone to flooding, particularly near metro construction sites, the area faced regular disruptions. The Greater Chennai Corporation (GCC) has addressed this issue by converting an abandoned private land into a three-acre pond, now holding 1.5 million cubic feet of water. The pond is set to be developed into an eco-park at an estimated cost of INR 5 crore, featuring multiple facilities, including a walking path, open-air theatre, and parking areas. Residents have also raised concerns about encroachment and the need for boundary walls.Read more

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