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

Tamil Nadu: CM Stalin inaugurates 'Muthalvar Padaippagam,' appoints DRA Homes for project management

19 Nov 2024

Tamil Nadu Chief Minister M.K. Stalin inaugurated "Muthalvar Padaippagam," a new initiative supporting youth and women empowerment. This flagship program aims to provide coworking and learning spaces, focusing on opportunities for competitive exam candidates and entrepreneurs. The Chennai Metropolitan Development Authority (CMDA) awarded the facilities management contract to DRA Homes, with Managing Director Ranjeeth Rathod receiving recognition at the event. DRA Homes' experience in co-living management, through its subsidiary Truliv, played a crucial role in this selection. Rathod expressed gratitude, emphasizing DRA's commitment to supporting the project's goals. Developed for INR 2.85 crore, the Kolathur facility accommodates 40 coworkers and 50 students, aiming to foster inclusive growth.Read more

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Visakhapatnam: GVMC launches drone surveillance for unauthorised construction detection

18 Nov 2024

The Greater Visakhapatnam Municipal Corporation (GVMC) is launching a pilot project using drones to monitor building plan compliance and detect unauthorised constructions. This initiative, which will begin in Zone II (Madhurawada, Kommadi), aims to streamline the identification of structural violations and could potentially increase GVMC's revenue by INR 100 crore through better property reassessment and taxation. Drones will replace traditional methods, offering precise geo-referenced data and real-time aerial footage to identify violations. The project also introduces a Vacant Land Tax (VLT) scheme to encourage landowners to utilise vacant plots, further boosting municipal revenue.Read more

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Indore district administration cracks down on illegal colonies

15 Nov 2024

Earlier this month, the Indore district administration launched a crackdown on illegal and unauthorised colonies, identifying around 100 cases and taking legal action against four colonisers. Following instructions from collector Asheesh Singh, the revenue department thoroughly investigated complaints, revealing that these colonies were built without necessary approvals. As part of preventive measures, the administration decided to mark these plots as 'illegal' in their records, ensuring transparency. Legal actions, including lodging FIRs, have been initiated against the involved colonisers. This action aims to deter future violations and maintain the city's urban planning standards.Read more

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Kanpur faces delays in Smart City Mission projects, drops to 'B' category in rankings

14 Nov 2024

Kanpur has dropped to the B category in the Smart City Mission ranking after scoring 8 out of 10 in the September state review meeting. Delays in projects and missed deadlines were flagged as major issues. Several projects remain incomplete due to pending approvals and halted construction. The District Magistrate has urged faster completion of these projects. The nodal officer has promised to resolve obstacles. This ranking drop highlights the need for stronger management of Kanpur's Smart City projects.Read more

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Apple's India vendors build 100,000 hostels for female employees, setting new standards in worker housing

13 Nov 2024

Apple is launching a large-scale project with its vendors to establish hostel facilities for 100,000 female employees across its Indian production sites, making it the country's largest worker-housing initiative by a single company. Developed through a public-private partnership, these facilities are projected to be operational by the end of the fiscal year. Inspired by successful housing models in China and Vietnam, the initiative aims to enhance worker safety and efficiency. Key players in Apple's ecosystem, such as Tata Electronics, Foxconn, and Salcomp, are developing residential units near production sites in Tamil Nadu and Karnataka, with a particular focus on supporting a growing young female workforce.Read more

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Lucknow: RLDA initiates bidding for 23 commercial units in Gomti Nagar

12 Nov 2024

The Rail Land Development Authority (RLDA) has launched the bidding process for 23 commercial units in Gomti Nagar, Lucknow, aiming to utilise railway land for economic growth. Located in a developing business district, the four-story complex near key landmarks will be auctioned via a Mega E-Auction on November 12, 2024. Bidders can access documents from October 9, enhancing transparency. The modern facilities include earthquake resistance, double-basement parking, and central air conditioning, making it attractive for investors. This initiative aligns with urban redevelopment trends, fostering local commerce and job creation while supporting Lucknow's transformation into a modern city.Read more

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Agra to become solar city with new government initiative, following Ayodhya's lead

12 Nov 2024

The Uttar Pradesh government has announced plans to transform Agra into a "solar city," following Ayodhya's lead. The initiative includes installing 2,000 solar streetlights and 161 rooftop solar power plants (over 25 KW each) on government buildings. Newly constructed Sulabh toilets will also feature solar panels. In the first phase, Agra will see 600 solar streetlights and 50 mini masts. Aligned with the PM Surya Ghar Yojana, the scheme targets 1.3 lakh rooftop solar installations in Agra. The program offers subsidies, providing 60% support for systems up to 2 kW and 40% for 2-3 kW systems, aiming to make solar energy affordable and reliable.Read more

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JSW Infra and Adani Ports commit INR 80,000 crore for port expansions, aiming for 33% market share by 2030

12 Nov 2024

India's top private port operators, JSW Infrastructure and Adani Ports & SEZ, are advancing INR 80,000 crore expansion plans to capitalise on anticipated trade growth. JSW Infra aims to boost capacity from 170 mtpa to 400 mtpa by FY2030, with significant projects in Odisha, Karnataka, and Maharashtra. Meanwhile, Adani Ports, targeting a 33% market share, plans a capacity increase from 627 mtpa, focusing on both domestic and global expansions, including in Vietnam and Dar es Salaam. Both companies are eyeing logistics and digitalisation to enhance efficiency, reflecting a strategic drive to meet India's rising demand for maritime infrastructure by 2030.Read more

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CAQM intensifies measures to combat air pollution in NCR

11 Nov 2024

The Commission for Air Quality Management (CAQM) in the NCR has established a GRAP monitoring control room to oversee pollution control actions in Delhi and surrounding areas. In recent inspections, over 7,000 construction sites were assessed, resulting in environmental penalties for 597 sites and the closure of 56. To reduce dust pollution, the deployment of mechanized road sweeping machines, water sprinklers, and anti-smog guns has been enhanced. Additionally, significant enforcement actions have been taken against non-compliant vehicles and illegal dumping sites in an effort to manage municipal solid waste.Read more

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BigBloc Construction doubles AAC manufacturing capacity with Wada plant expansion and new Gujarat facility

11 Nov 2024

BigBloc Construction has completed phase II of its manufacturing plant in Wada, Maharashtra, doubling its capacity from 250,000 to 500,000 cubic metres of aerated autoclaved concrete (AAC) products. This expansion supports the growing demand for sustainable construction materials and aligns with India's green building goals. BigBloc is also installing a 625KW rooftop solar plant to reduce its carbon footprint. Additionally, the company is investing INR 65 crore in a new facility in Kheda, Gujarat, aiming to produce another 250,000 cubic metres of AAC annually. These moves highlight BigBloc's commitment to sustainability and its potential for growth in the construction materials sector.Read more

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