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

LDA allocates INR 3.5 crore for upgrades to four high-rise societies in Lucknow

05 Nov 2024

The Lucknow Development Authority (LDA) is investing INR 3.5 crore to upgrade and beautify four high-rise residential societies in the city: Parijat, Srishti, Smriti, and Anubhuti apartments. Key initiatives include INR 93 lakh for exterior enhancements and a new boundary wall at Parijat, along with INR 1.58 crore for waterproofing at Srishti to address basement leaks. Recreational facilities, such as a skating rink in Lohia Park, will cost INR 1.3 crore. Additional safety measures include INR 15 lakh for utilities in Smriti and a park enhancement at Anubhuti. The LDA is also focusing on a INR 2 crore irrigation project along the Gomti Riverfront and a solar power plant for INR 25 lakh at Jyotiba Phule Zonal Park, demonstrating a commitment to sustainable urban living and community safety.Read more

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Tamil Nadu advances urban development with GIS master plans for 12 cities via REPL

04 Nov 2024

The Tamil Nadu Department of Town and Country Planning has appointed Rudrabhishek Enterprises (REPL) to develop GIS-based master plans for 12 urban local bodies (ULBs) as part of AMRUT 2.0. This initiative will focus on creating blue and green infrastructure, enhancing mobility, and developing tourism and waterfront areas, alongside heritage conservation and climate change adaptation. REPL's expertise in projects like Madurai Smart City and Chennai Metro Rail Phase 2 will support this regional growth effort, promoting sustainable urban development in Tamil Nadu.Read more

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Vilappilsala mini-township project faces uncertainty amid funding and council disputes

04 Nov 2024

Thiruvananthapuram's INR 400 crore Vilappilsala mini-township project, initially intended to revitalize the old waste treatment plant grounds, faces suspension due to financial constraints and council disagreements. The development, which envisioned a comprehensive township with residential towers, a convention center, and an urban forest, has stalled since early this year, despite groundwork efforts and a foundation ceremony by Chief Minister Pinarayi Vijayan. With limited time for the current administration and lapsed tenders, officials remain cautious about prioritizing resources for a project outside city limits. The project's revival depends on securing funds and achieving council consensus.Read more

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Ajmer authorities crack down on illegal constructions, seal 39 shops

01 Nov 2024

The Ajmer Development Authority (ADA) has sealed 39 shops along Pushkar Road and near Anasagar Lake as part of a crackdown on illegal constructions, aiming to enforce compliance with building regulations and support urban development. The operation, which involved significant police presence, targeted establishments violating land use and construction approvals, including restaurants and liquor stores. Simultaneously, the Ajmer Municipal Corporation (AMC) acted against unauthorized constructions, sealing a hotel and an under-construction building near Delhi Gate for exceeding approved limits. Despite protests from local shopkeepers, the ADA and AMC are continuing their efforts to ensure structural integrity and cleanliness, reflecting a commitment to sustainable and regulated urban growth in Ajmer.Read more

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Delhi LG urges quick resolution of electricity delays in PM-UDAY scheme areas

01 Nov 2024

Delhi's Lieutenant Governor VK Saxena has directed power distribution companies (DISCOMs) to accelerate the provision of over 11,000 pending electricity connections to applicants in PM-UDAY unauthorised colonies. Raj Niwas officials confirmed that these connections should be granted within a week to ten days. During a meeting with key officials, Saxena expressed concern over bureaucratic delays affecting residents in land pooling areas and reiterated that a DDA clarification from October 16 resolved lingering confusion. The PM-UDAY scheme aims to confer ownership rights and facilitate property transactions for approximately 4 million residents in 1,731 unauthorised colonies.Read more

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IIT Bombay to invest INR 2,000 crore to upgrade infrastructure and teaching methods

31 Oct 2024

IIT Bombay is set to invest around INR 2,000 crore over five years to modernise its infrastructure and teaching methods. Following a review highlighting areas for improvement, the institute plans to enhance classroom technologies with a INR 50 crore investment and expand its built-up area by 75%, adding 20 new buildings. Hostel accommodations will increase from 12,000 to 16,000, and vertical growth is planned to maintain green spaces. Funding will come from loans, grants, and other sources. These initiatives aim to improve the educational experience, maintain IIT Bombay's standing as a top institution, and support long-term strategic growth.Read more

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DDA finalises comprehensive maintenance plan for Jasola housing areas

30 Oct 2024

After the successful launch of three housing schemes in Jasola, the Delhi Development Authority (DDA) has unveiled a detailed plan for improving civic services across Pockets 9A, 9B, and 6. The year-long project involves maintaining 320 HIG flats, desilting sewer lines, and addressing sanitation concerns. Additionally, DDA will repair and upgrade roads, drains, and footpaths in the area, addressing long-standing complaints about waterlogging and inadequate maintenance. With a budget of INR 3.3 crore, the plan also includes pedestrian walkway construction and repairs on Church Road, heavily impacted by traffic to the local sewage treatment plant.Read more

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Haryana: Only 1,100 construction sites registered on dust control portal

29 Oct 2024

Despite directives from the Haryana State Pollution Control Board (HSPCB), many large-scale construction and demolition (C&D) projects have not registered on the government web portal, launched for real-time pollution monitoring. Currently, 1,109 projects, primarily in Gurgaon, Bahadurgarh, and Faridabad, are registered, with 854 operational. Officials have urged civic bodies to provide building plan data to identify non-registered sites and emphasised the importance of monitoring dust mitigation measures. Compliance with air quality directives, including the installation of PM2.5 and PM10 sensors, is critical for effective environmental management.Read more

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Telangana: Vikarabad embarks on future-ready development with drone survey

29 Oct 2024

A drone survey was launched earlier this month to create a digital master plan for Vikarabad, one of 20 municipalities in Telangana selected for a GIS-based plan under the AMRUT 2.0 initiative, funded partly by the central government. The survey, conducted in collaboration with district and municipal officials, will guide long-term development, including roads, housing, drainage, and other infrastructure. Vikarabad is the first municipality to begin this survey, which will also be implemented in 19 other towns. The master plan aims to address the municipality's needs for the next 30 to 40 years, promoting sustainable urban development across Telangana.Read more

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Mumbai's coastal entertainment hub faces challenges over land allotment, mangrove preservation, and real estate interests

28 Oct 2024

The plan to transform Mumbai's western sea fronts at Aksa, Madh, and Marve into an entertainment hub faces major challenges despite Chief Minister Eknath Shinde's approval. Issues include land in Madh being designated for the Dharavi Redevelopment Project, opposition from real estate developers, slum rehabilitation concerns, and environmental objections over mangrove destruction. The Mumbai Metropolitan Region Development Authority (MMRDA) envisions a commercial district, amusement park, and housing, but local developers oppose it, fearing impacts on premium sea-view properties. Environmentalists warn that losing mangroves could increase flood risks. With regulatory approvals still pending, the project's future depends on balancing development with environmental and community concerns.Read more

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