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

Daily wage construction workers unable to benefit from registration

26 Dec 2022

The Central Government recently issued a directive to all states to take a call on self-declaration which would allow construction workers to self-register, in a bid to speed up the process and ensure maximum individuals are able to receive their benefits. According to the Building and Other Construction Workers’ (Regulation of Employment and Conditions of Service) Act 1996, a 90-day work period is needed for a construction worker to become eligible for registration. The state of Maharashtra has approximately 14 lac active registered workers. However, the state has a back log of more than 40,000 pending applications to clear.Read more

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Illegal farmhouses razzed by Haryana Forest Department

23 Dec 2022

Last week the Haryana Forest Department in Gwalpahari sized four acres of land by destroying five farmhouses that were illegally constructed. The demolished structures were built on land falling under sections 4 and 5 of the Punjab Land Protection Act (PLPA) where non-forest activities cannot be carried out on land categorised as ‘gair mumkin pahar’, i.e., uncultivable land. The land in questions is situated in the Aravali Forest area. The razzing was conducted in accordance with the directive issued by the National Green Tribunal in September this year.Read more

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Date set for Aravali Farmhouse demolition

14 Dec 2022

According to a statement released by the State Forest Department last week, the Sohna Municipal Committee will begin demolishing 179 unlawfully constructed farmhouses in the Raisina Aravalis from 12 December 2022, Conferring to Section 4 of the Punjab Land Preservation Act (PLPA), which protects land as "gair mumkin pahar (uncultivable hill)," 424 farmhouses in Sohna were found to have been built unlawfully. So far, 80 structures have already been demolished and 165 have received court-ordered stays. The demolition work was delayed due to GRAP (Graded Response Action Plan against Air Pollution).Read more

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Adani Realty, DLF & Shree Naman Group bid for Dharavi Redevelopment project

18 Nov 2022

The Dharavi Redevelopment Authority (DRA) has received three bids for the mammoth Dharavi redevelopment project in Mumbai. Eight builders including entities from South Korea and UAE, along eleven PMC companies attended the pre-bid meeting. The three bids are from Mumbai based Adani Realty and Shree Naman Group and Delhi based housing construction company DLF. Adani Infrastructure has bid for the project in 2018 but lost out to Dubai based SecLink Group.Read more

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Maharashtrian locals may no longer need CRZ nod for houses along the coast

14 Nov 2022

In a proposal submitted to the Union Ministry for Environment, Forests and Climate Change (MoEFCC), the state government has request that draft coastal zone management plans for Palghar, Sindhudurg, Raigad, Ratnagiri and Thane be revised to allow individuals to build houses up to 3,000 sqft up to 50 meters fro the tideline for creeks, rivers and streams. The proposal has been accepted by CM Eknath Shinde and are in their final stages of approval. The state hopes that this decision will boost tourism.Read more

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Real estate must accelerate plans to meet demand for EV charging

11 Nov 2022

According to Bloomberg, there are currently 20 million EVs in the world today, compared to just one million four years ago. Experts predict this number to increase to 71 million by the end of 2025. In such an environment, it is imperative that real estate developers and owners incorporate EV charging infrastructure into their existing and future ventures. Commercial real estate could become a critical player in providing charging stations or points for passenger vehicles.Read more

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MMRDA to fine metro contractors for labour shortages to speed up project delivery

01 Jan 1970

The Mumbai Metropolitan Region Development Authority (MMRDA) has introduced a strict penalty policy to address labour shortages and fast-track metro construction. Effective immediately, contractors will face fines of INR 1 lakh per day for workforce shortfalls between 25�50%, and INR 2 lakh per day if the deficit exceeds 50%, with no exceptions or prior notice. These penalties are in addition to existing fines for project delays and will be enforced across key metro corridors set to be commissioned by year-end, including Lines 2B, 4, 4A, and 9. MMRDA officials will conduct regular site audits and review consultant reports to monitor compliance, as the authority aims to curb persistent manpower issues that have historically hampered metro progress.Read more

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Gorakhpur expressway launch marks next phase in UP�s highway expansion drive

01 Jan 1970

Uttar Pradesh has operationalised the Gorakhpur Link Expressway, its seventh expressway, developed at an investment of INR 7,283 crore. This 91.35 km stretch links Gorakhpur to districts including Azamgarh and significantly strengthens the state's share in India�s expressway network, raising it from 38% to 42%. With over 1,200 km of access-controlled expressways now within its borders, UP leads nationally. The expressway was built partly on land acquired from 22,000 farmers and is projected to transform the socio-economic fabric of the Purvanchal region.Read more

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MMRDA to fine metro contractors for labour shortages to speed up project delivery

01 Jan 1970

The Mumbai Metropolitan Region Development Authority (MMRDA) has introduced a strict penalty policy to address labour shortages and fast-track metro construction. Effective immediately, contractors will face fines of INR 1 lakh per day for workforce shortfalls between 25�50%, and INR 2 lakh per day if the deficit exceeds 50%, with no exceptions or prior notice. These penalties are in addition to existing fines for project delays and will be enforced across key metro corridors set to be commissioned by year-end, including Lines 2B, 4, 4A, and 9. MMRDA officials will conduct regular site audits and review consultant reports to monitor compliance, as the authority aims to curb persistent manpower issues that have historically hampered metro progress.Read more

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Gorakhpur expressway launch marks next phase in UP�s highway expansion drive

01 Jan 1970

Uttar Pradesh has operationalised the Gorakhpur Link Expressway, its seventh expressway, developed at an investment of INR 7,283 crore. This 91.35 km stretch links Gorakhpur to districts including Azamgarh and significantly strengthens the state's share in India�s expressway network, raising it from 38% to 42%. With over 1,200 km of access-controlled expressways now within its borders, UP leads nationally. The expressway was built partly on land acquired from 22,000 farmers and is projected to transform the socio-economic fabric of the Purvanchal region.Read more

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