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

Mysuru Urban Development Authority proposes seven clusters along with PRR

11 Jul 2023

Along with the Peripheral Ring Road (PRR), Mysuru Urban Development Authority (MUDA) has suggested the establishment of seven clusters in the city, including clusters for heritage living, IT, clothing, health, education, pharmaceuticals, and multipurpose use. It will take about 27,500 acres of land to build these clusters, and it will cost around Rs 41,250 crore to buy that property. Despite certain stakeholders' reservations over the project's timing and strategy, a thorough plan and tactical implementation can guarantee a balanced and sustainable development for Mysuru's future.Read more

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Prestige Group embarks on 1.1million square foot IT park project in Chennai

11 Jul 2023

Bengaluru's Prestige Group and Chennai's WS Industries have formed a joint venture to develop a 1.1 million-square-foot IT park in Chennai's emerging tech hub at Porur. With an estimated value of 750–800 crore rupees, this project adds to the city's tech landscape. Mount-Poonamallee Road becomes the third IT corridor, while WS Industries focuses on infrastructure projects and plans a logistics and light engineering hub in Sunguvarchatram. This collaboration marks a significant milestone in the real estate and infrastructure sectors.Read more

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Transforming Madurai's transportation landscape: Final DPR unveiled for metro project

05 Jul 2023

The Chennai Metro Rail Limited (CMRL) has revealed the final detailed project report (DPR) for the Madurai Metro Project, showcasing ambitious plans for the construction of 27 metro stations along a 32 km rail track. The revised plan includes a combination of underground and elevated corridors to enhance connectivity in Madurai. The submission of the DPRs for both the Madurai Metro and Coimbatore Metro projects is scheduled for July 15, with the aim of completing the Madurai metro within four years.Read more

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Ahmedabad's revised draft town planning scheme sparks controversy

04 Jul 2023

A controversy has emerged in the Ahmedabad Municipal Corporation (AMC) regarding a new urban development scheme. Landowners have discovered that their final plots were allotted in different villages, potentially violating state government guidelines. The issue was raised during a town planning committee meeting, where a proposal for objections and modifications to the draft plan was presented. The scheme, similar to a previous controversial plan, awaits further approval. The AMC must address concerns and ensure transparency in the town-planning process.Read more

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Thiruvananthapuram's master plan proposes significant building approval relaxations

03 Jul 2023

According to the master plan, the corporation secretary can grant approval for apartments in the core area zone with a maximum of 150 units, eliminating the need to involve the district town planner. This proposal aims to streamline the building approval process in Thiruvananthapuram, allowing quicker decision-making for smaller residential projects. By empowering the corporation secretary with this authority, it reduces bureaucratic hurdles and expedites the approval process, benefiting both builders and residents. This move reflects an effort to enhance efficiency and decentralize decision-making in urban development.Read more

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RLDA invites bids for leasing railway lands in Delhi

01 Jul 2023

The Rail Land Development Authority (RLDA) has initiated the bidding process for a residential development plot in Sewa Nagar and Lodhi Colony, Delhi. The total land area of 43,345.82 sq. m will be divided between residential and commercial development. The reserve price for the site is Rs 355 crore. Sewa Nagar offers a tranquil ambiance and convenient access to amenities, while Lodhi Colony is a vibrant residential and cultural hub known for its art and contemporary living. This opportunity provides residents with a remarkable living experience in New Delhi, with seamless connectivity and proximity to educational institutions, hospitals, markets, and recreational facilities.Read more

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Haryana's CM greenlights metro link from Ballabgarh to Palwal

30 Jun 2023

Haryana Chief Minister Manohar Lal Khattar announced the approval for metro connectivity between Ballabgarh and Palwal during a rally in Gajpuri village, Palwal. This move is expected to improve connectivity and spur development in the region adjoining Delhi. Khattar expressed gratitude to Prime Minister Narendra Modi for the central government's support in infrastructure projects and emphasized the state's commitment to inclusive development. The metro connectivity is set to have a transformative impact, fostering economic growth and enhancing transportation options.Read more

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Safeguarding Delhi's Natural Conservation Zones: Ground truthing initiative begins

30 Jun 2023

The Delhi government has launched a crucial initiative to protect the city's natural conservation zones (NCZs) from encroachment and ensure their preservation. Geospatial Delhi Limited (GSDL) has provided district-wise maps of all 154 NCZs to the revenue department for physical verification, utilizing updated images from 2019. The exercise aims to identify any encroachments within these ecologically sensitive areas and prevent unauthorized development. To ensure comprehensive verification, records are being shared with the Delhi Development Authority (DDA) for areas falling under their jurisdiction. Once completed, GSDL will create color-coded maps for accurate record-keeping, marking a significant step toward safeguarding Delhi's precious natural habitats.Read more

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Bangalore Metro's phase-II expansion receives Rs 3,045 crore funding from REC Ltd

29 Jun 2023

REC Ltd, a state-owned financial corporation specializing in power sector financing, has approved a financial package of Rs 3,045 crore for the development of Phase-II of the Bengaluru metro project. The expansion project aims to extend existing metro corridors and introduce new lines to enhance connectivity and ease traffic congestion in the city. Upon completion, the expanded metro network will cover 72.09 kilometers with a total of 101 stations. The funding from REC Ltd demonstrates the organization's recognition of the project's significance in improving urban transportation infrastructure.Read more

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Land acquisition challenges impact Ghaziabad metro extension project

27 Jun 2023

The Ghaziabad Development Authority (GDA) faces obstacles in its plans to extend the Vaishali to Electronic City metro corridor, as private land acquisition poses a hurdle and could inflate project costs. The proposed 5.8km corridor, estimated at Rs 1,166 crore, necessitates the acquisition of land in Niti Khand and Ramprastha, impacting the alignment. Additionally, the state government's rejection of funding proposals for other metro extension projects led GDA and the Delhi Metro Rail Corporation (DMRC) to propose a new corridor to connect Vaishali and Electronic City. A meeting is scheduled between GDA and DMRC to discuss the route and potential realignments.Read more

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