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

BMC's proposal for higher FSI at Mahalaxmi Race Course rejected by State Government

18 Oct 2024

The Urban Development Department announced that Regulation 13(10) will not be included in the Development Control and Promotion Regulations (DCPR) 2034, affecting the redevelopment of Mumbai's Mahalaxmi Race Course. The Brihanmumbai Municipal Corporation (BMC) had proposed a 1.33 Floor Space Index (FSI) for the club, gymkhana, and stables on the 58.3-acre site, envisioning facilities like sports amenities, a clubhouse, and a veterinary hospital. However, the state government approved only an FSI of 0.3 for the 32-acre club area and maintained the existing built-up area for the 26.3-acre stables. The decision aligns with environmental priorities and heritage conservation, emphasizing sustainable development and the enhancement of public spaces within the Mahalaxmi Race Course area.Read more

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Karnataka to launch Cauvery Stage VI Project to meet Bengaluru's water needs

18 Oct 2024

Karnataka Chief Minister Siddaramaiah announced the upcoming Cauvery Stage VI project, designed to meet Bengaluru's rising water needs, following the launch of the Cauvery Stage V project at T.K. Halli. Stage V adds 775 million liters daily (MLD) to the city's supply, costing INR 4,600 crore, benefiting 110 newly incorporated villages. The planned Stage VI aims to add 500 MLD, backed by an additional 6,000 million cubic feet (TMC) of water, with a budget of INR 5,200 crore. Additionally, nine new sewage treatment plants (STPs) with a 500 MLD capacity are planned, costing INR 2,000 crore, supporting sustainable water management for Bengaluru's future growth.Read more

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Sabarmati Riverfront Development Corporation extends RFP deadline and relaxes eligibility criteria for prime plots

17 Oct 2024

The Sabarmati Riverfront Development Corporation Ltd (SRFDCL) has revised its request for proposals (RFP) for the sale of development rights for two prime riverfront plots, extending the submission deadline from 15 October to 22 October. Key changes include a reduction in the financial eligibility criteria, lowering the required average annual turnover from INR 284 crore to INR 170 crore, and allowing residential project experience to qualify bidders. These adjustments aim to attract a broader pool of participants. The auction on 23 October will be a critical milestone in transforming the Sabarmati Riverfront into a dynamic urban space.Read more

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Pune's judicial facilities transition begins; Balasaheb Deoras honoured with subway naming

17 Oct 2024

Officials in Pune announced that the possession of new facilities will be handed over gradually in a phased manner, featuring world-class infrastructure including spacious courtrooms and amenities for staff and litigants. In a recent cabinet meeting, the naming of the subway and flyover on the Katraj-Kondhwa stretch of national highway in Pune after RSS sarsanghchalak Balasaheb Deoras was approved. This proposal was made by the Pune Municipal Corporation at the request of the Pune Medical Services and Research Foundation, recognising Balasaheb Deoras as the third sarsanghchalak of the Rashtriya Swayamsevak Sangh.Read more

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Mulund East, Mumbai residents push for AIIMS, bus terminus, and cultural hub on 60-acre vacant land

17 Oct 2024

In Mulund East, Mumbai, the 60-acre vacant land from a former octroi naka and garbage dump has inspired local residents of Hari Om Nagar to advocate for new infrastructure projects. The community, led by the Hari Om Nagar Apex Body Federation (HONAFE), is pushing for an AIIMS hospital, a bus terminus, and a cultural and sports center. With over 2,000 signatures gathered, they aim to enhance local services, improve healthcare access, and ease transportation challenges. Despite existing government allocations, the community plans to present their proposals to authorities, hoping to bring meaningful development for 80,000 to 100,000 residents.Read more

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India's new cities project faces delays, no finalised plans despite 26 proposals

16 Oct 2024

The Indian government's ambitious plan to create eight new cities is facing delays, with no projects finalised despite receiving 26 proposals from 21 states. The Ministry of Housing and Urban Affairs invited proposals in March 2022, but the evaluation process is taking longer than expected. The 15th Finance Commission had recommended allocating INR 8,000 crore, aiming to select cities by December 2022 and release funds by March 2023. States like Madhya Pradesh and Uttar Pradesh have proposed new cities, challenges such as land acquisition and infrastructure costs however have slowed progress, raising concerns about the future of the initiative.Read more

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BMC's Mumbadevi Precinct Project aims to modernise and beautify iconic temple area

15 Oct 2024

The Mumbadevi temple precinct in Mumbai is poised for a significant makeover as the Brihanmumbai Municipal Corporation (BMC) plans to transform the 9,000-square-metre area inspired by the Kashi Vishwanath Corridor in Varanasi. Estimated to cost INR146 crore, the project will restore the over 100-year-old temple, enhance accessibility, and beautify the surroundings with gardens and water features. The redevelopment aims to accommodate 7,000 devotees while improving crowd management and preserving local hawkers' livelihoods.Read more

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Karkardooma TOD project set to enhance connectivity and affordable housing

15 Oct 2024

The Karkardooma transit-oriented development (TOD) project aims to enhance urban living by integrating residential, commercial, and civic facilities. With Phase I expected to be completed by March 2024 and the entire project by September 2026, the development will feature 1,524 flats, including 1,992 designated for economically weaker sections. The mixed-use project will consist of 70% residential, 10% commercial, and 20% civic spaces, along with convenient access to office complexes and the Karkardooma Metro station, promoting efficient connectivity and community living. The total estimated project cost stands at approximately INR 1,168.54 crore.Read more

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Trichy set to transform into IT hub with INR 315.2 crore Tidel Park project

15 Oct 2024

Trichy is set to witness a major boost in its IT infrastructure with Tidel Park Limited launching a INR 315.2 crore tender for the construction of a new IT Park. The project, slated to add 5.5 lakh square feet of office space in the first phase, will triple the city's existing IT infrastructure. With additional private sector developments planned, Trichy is emerging as a prime destination for IT and IT-enabled services (ITES) due to its low operational costs and growing talent pool. This development is poised to significantly elevate the city's economic profile.Read more

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Madhya Pradesh plans infrastructure upgrade with new offices and road improvements

14 Oct 2024

Chief Minister Mohan Yadav recently called for the development of office buildings in Arera Hills, emphasising the need for infrastructure improvements, including walk-to-work facilities. In a meeting reviewing public works projects, he highlighted the importance of using advanced technology for road maintenance and ensuring local welfare in the Indore eastern bypass project. Reports from the meeting revealed the repair of 36,000 km of roads, actions against negligent contractors, and a pilot white topping project on 41 roads across 21 districts. Officials also addressed complaints regarding potholes through the Lok-Path app.Read more

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