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

Data centre market in India set for exponential growth, backed by policies and investments

PNT Reporter

16 Dec 2024

India's data centre market is poised for rapid growth, with capacity projected to rise from 1,255 MW to 2,070 MW by 2025, driven by digital transformation, AI data demands, and supportive policies like the Digital Personal Data Protection Act and the 2020 Draft Data Centre Policy. The sector's footprint is set to expand from 19 to 31 million sq. ft., supported by over USD 60 billion in investments since 2019, expected to surpass USD 100 billion by 2027. Major hubs include Mumbai, Chennai, Delhi-NCR, and Bengaluru, accounting for 90% of capacity, with emerging Tier-II cities gaining traction.Read more

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Karnataka: Hootagalli CMC expands jurisdiction with inclusion of 45 new MUDA layouts

PNT Reporter

13 Dec 2024

The Hootagalli City Municipal Council (CMC) has expanded its jurisdiction with the addition of 45 layouts transferred from the Mysuru Urban Development Authority (MUDA), increasing its scope from 33 layouts to 78. This includes residential and industrial areas, enabling the council to enhance revenue collection and services for a growing population. Residents in these newly added layouts, previously unable to transfer khatas or secure property loans, can now access essential property documents. The CMC plans to collect property taxes and provide amenities such as drainage, water supply, and roadworks in phases. This transfer marks a significant step in resolving past challenges and fostering urban development in the region.Read more

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BMC implements SOPs for enhanced monitoring of air pollution at construction sites

PNT Reporter

12 Dec 2024

The BMC's environment department has issued an SOP for sub-engineers to monitor air pollution control measures at construction sites. Contractors must submit Environmental Management Plans (EMP) detailing pollution sources and mitigation strategies. Ward-level sub-engineers from the mechanical and electrical engineering department will inspect sites, ensure compliance, impose penalties for violations, and collaborate with the SWM department to address dust and waste burning issues. Non-compliance may lead to show cause notices or stop-work orders. Monitoring squads, disrupted due to elections, will soon resume operations, ensuring stricter enforcement of air quality regulations at infrastructure project sites.Read more

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Meghalaya prepares for new phase of rural housing under PMAY-G

PNT Reporter

11 Dec 2024

Meghalaya is ready to begin surveys for the Pradhan Mantri Awaas Yojana - Gramin (PMAY-G), aiming to expand housing coverage under the extended scheme. With 6,354 surveyors deployed across 6,426 villages, the state plans to update the Awaas+ 2018 database, including excluded households, using eKYC authentication. Having achieved 60.75% completion of 186,283 approved houses since 2016, ongoing projects will conclude by January 2025. The initiative aligns with Meghalaya's developmental goals, integrating housing with education, healthcare, clean water, and sanitation to combat rural poverty. Chief Minister Conrad K. Sangma emphasized stakeholders' engagement and comprehensive implementation to achieve 'housing for all.'Read more

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Religious tourism drives residential demand in Prayagraj, Varanasi, Puri, and Shirdi

PNT Reporter

11 Dec 2024

Residential demand is surging in cities with strong religious tourism like Prayagraj, Varanasi, Puri, and Shirdi, driven by investment opportunities, holiday homes, and potential short-term rentals. Year-on-year, Prayagraj saw a 28% increase in demand, Varanasi 18%, Puri 52%, and Shirdi 67%. Prices vary, with Varanasi averaging INR 6,128 psf, Prayagraj INR 6,645 psf, Puri INR 6,114 psf, and Shirdi INR 4,028 psf. Puri and Shirdi show continued appreciation, while Varanasi and Prayagraj stabilise. Religious tourism fuels this trend, offering buyers a mix of cultural value and investment potential, making these cities key players in India's real estate growth.Read more

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Union Minister proposes affordable, self-sustaining smart villages for rural India

PNT Reporter

11 Dec 2024

Union Minister for Road Transport and Highways, Nitin Gadkari, recently highlighted the importance of developing smart villages in line with the ongoing smart city initiatives. Speaking at the 42nd Convocation of the School of Planning and Architecture, he shared his vision of building a smart village, which includes affordable housing with essential services like free electricity and water. He also stressed the importance of knowledge, its conversion into wealth, and the role of educated manpower in realising India's goal of becoming a USD 5 trillion economy. Gadkari emphasised that ecology, economy, and environment must work in harmony for sustainable development.Read more

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Delhi: Survey of India completes drone mapping of 550 sq km in Delhi for land oversight

PNT Reporter

10 Dec 2024

The Survey of India has completed a comprehensive drone survey covering approximately 550 square kilometers of Delhi, representing over one-third of the city. This initial phase included the Yamuna O Zone and 66 unauthorized colonies, with images shared with the Delhi Development Authority (DDA) and the Municipal Corporation of Delhi (MCD). The survey aims to identify encroachments on DDA land, assess structures, and facilitate their removal. Following a tripartite agreement, the DDA plans to overlay cadastral maps on drone images to monitor land status and ensure compliance with regulations, ultimately enhancing land management and resource utilization across various departments.Read more

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Gurugram: Revamp of key road connecting IFFCO Chowk to Dwarka Expressway faces delay

PNT Reporter

10 Dec 2024

GMDA's plan to revamp the 11-km stretch connecting IFFCO Chowk to Dwarka Expressway remains stalled, despite its approval in October 2022, due to land encroachments and limited availability. Narrowed sections, particularly in Basai, and illegal property extensions have hampered progress. The project aims to ease traffic in old Gurgaon with features like a grade separator, improved footpaths, on-street parking, and a utility duct. However, demolition resistance and land shortages for a parallel rail overbridge have caused delays. Without a clear timeline, residents face ongoing congestion and rising project costs, underscoring the need for swift resolution.Read more

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Kerala Coastal Zone Management Plan eases construction rules in Ernakulam

PNT Reporter

09 Dec 2024

The Kerala Coastal Zone Management Plan (KCZMP) is set to transform Ernakulam's coastal and backwater regions by introducing more flexible construction regulations. Ten locales have been designated as urban panchayats, permitting residents to build and renovate their homes and structures. Commercial projects, however, still require approval from the Kerala Coastal Zone Management Authority (KCZMA). Updated maps for these areas are now accessible online. While many residents are optimistic about their new construction opportunities, villages like Pallipuram and Kuzhupilly remain restricted under CRZ IIIA, leaving some concerns about the clarity and implementation of the new regulations.Read more

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Bengaluru: BBMP initiates land acquisition for Gunjur-Varthur main road expansion

PNT Reporter

09 Dec 2024

The Bruhat Bengaluru Mahanagara Palike (BBMP) has issued a preliminary notification to acquire around 143 properties, including 94 buildings, to widen a 2.4-km stretch of Gunjur-Varthur Main Road in Gunjur village. The project aims to enhance the existing 30-meter road between Gunjur Lake and Vinayaka Theatre, part of State Highway 35. This road is one of 14 slated for development under the Revised Master Plan for 2025, with a total of 25 km planned for improvement. BBMP officials stated that the land acquisition will be compensated through transferable development rights.Read more

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