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%

Top Stories

Metro line 3 from BKC to Worli to launch in 100 days boosting Mumbai's connectivity

10 Jan 2025

Deputy Chief Minister Eknath Shinde announced that Mumbai's Metro Line 3, connecting Bandra Kurla Complex (BKC) to Worli, will commence operations within 100 days. Reviewed by Chief Minister Devendra Fadnavis, the INR 14,120 crore Aqua Line project spans 10 stations, enhancing connectivity between Mumbai's business district and suburbs. Expected to serve 1.3 million daily commuters, this development aligns with broader transport improvements, including the pod taxi system in BKC. Fadnavis emphasized operational acceleration, targeting 50 km of metro lines annually from next year. These initiatives aim to reduce congestion, support economic growth, and transform Mumbai into a global financial hub.Read more

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Mumbai-Ahmedabad High-Speed Rail will transform connectivity with INR 1.1 lakh crore investment

Vidhi Sangoi

10 Jan 2025

The Mumbai-Ahmedabad High-Speed Rail (MAHSR) project, India's first bullet train initiative, spans 508 km and is backed by INR 1.1 lakh crore ($15 billion) in investment, including a INR 88,000 crore loan from Japan at 0.1% interest. Connecting Mumbai to Ahmedabad via 12 stations, including Surat and Vadodara, the project cuts travel time to 2-3 hours with speeds up to 320 km/h. Set for full operation by 2028, it has achieved 100% land acquisition and advanced construction in Gujarat. Despite delays, it promises over 36,000 jobs, regional connectivity, and economic growth, marking India's entry into high-speed rail.Read more

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Hyderabad Metro Phase 2 progresses as property owners receive rehabilitation packages

10 Jan 2025

Hyderabad's Metro Phase 2 expansion achieved a key milestone with the distribution of INR 20 crore in compensation to 41 property owners in the Old City. Transport Minister Ponnam Prabhakar and MP Asaduddin Owaisi led the cheque distribution, marking progress on the seven-and-a-half-kilometre stretch of Corridor-6, estimated at INR 2,741 crore. Authorities determined a compensation rate of INR 81,000 per square yard, with additional rehabilitation benefits under the Relief and Rehabilitation Act. Chief Minister Revanth Reddy instructed officials to expedite the project, expected to enhance connectivity to iconic locations like Charminar. Groundwork, including barricade installation and utility relocation, is underway.Read more

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Hyderabad Metro Phase-2 to link outskirts: Paradise-Medchal and JBS-Shameerpet routes

09 Jan 2025

Telangana Chief Minister A. Revanth Reddy has greenlit Metro Rail expansions to Hyderabad's outskirts, targeting Medchal and Shameerpet with 45 kilometers of new routes. The proposed corridors-23 km from Paradise to Medchal and 22 km from JBS to Shameerpet-aim to ease traffic and boost connectivity in growing areas like Bowenpelly, Kompally, and Kharkhana. Hyderabad Airport Metro Limited (HAML) will submit Detailed Project Reports within three months, aligning with the state's Phase-2 Metro plans. The expansion promises reduced commute times, economic growth, and environmental benefits, enhancing public transport for North Hyderabad's rapidly developing neighborhoods.Read more

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Mumbai: MMRDA considers alternative Metro 9 route to reduce costs and minimise rehabilitation

09 Jan 2025

The Mumbai Metropolitan Region Development Authority (MMRDA) is exploring an alternative alignment for the Metro 9 corridor between Bhayandar and Uttan to save approximately INR 500 crore. The current plan involves a route passing through three villages, necessitating extensive land acquisition and rehabilitation. The alternative route, primarily through salt pan and marshy lands, would affect fewer families, reduce station numbers, and significantly cut costs. While most construction work for the corridor is nearing completion, partial operations from Dahisar to Kashi Gaon are expected to begin soon after obtaining safety certifications.Read more

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Delhi-Mumbai Industrial Corridor set to transform India with USD 100 billion investment

Vidhi Sangoi

09 Jan 2025

The Delhi-Mumbai Industrial Corridor (DMIC), spanning 1,504 kilometers across six states, is India's largest infrastructure project with a USD 100 billion investment. Launched in collaboration with Japan in 2008, the DMIC aims to double employment, triple industrial output, and quadruple exports in the region within five years of full operation. Covering 436,000 sq. km, it integrates nine industrial zones, smart cities, high-speed freight lines, and new ports. Key projects like Gujarat's Dholera SIR and Maharashtra's Shendra-Bidkin are advancing, emphasizing sustainability and modern urban planning. Despite challenges like land acquisition, DMIC is poised to reshape India's industrial and economic landscape.Read more

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Meerut Metro and Delhi-Meerut RRTS integration to be completed in 2025

08 Jan 2025

The Meerut Metro, integrated into the Delhi-Meerut Regional Rapid Transit System (RRTS), is a transformative urban transit project in Uttar Pradesh, set to modernize public transportation in Meerut. Covering 37 km with 25 stations across two phases, it combines local metro services with seamless regional connectivity to Delhi and Ghaziabad via the 82.15-km RRTS corridor. The project aims to cut travel times, reduce congestion, and promote eco-friendly transit. With an estimated cost of INR 11,540 crore, it leverages shared infrastructure and advanced technology under the 'Make in India' initiative. Scheduled for completion by June 2025, the metro is expected to drive economic growth, urban development, and environmental sustainability.Read more

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Chandigarh's metro vision faces hurdles amid ridership and cost debates

08 Jan 2025

The future of Chandigarh's metro project remains uncertain due to concerns over financial feasibility and ridership levels. Estimated at INR 24,142 crore, including escalation and taxes, the metro's operational costs are projected to rise significantly. Union Minister Manohar Lal Khattar highlighted that Chandigarh's ridership may not justify such expenses, prompting consideration of alternatives like a 'Pod Taxi' system, which aligns with the city's heritage and infrastructure. While Phase 1 of the metro has been approved, delays are likely as the Unified Metro Transportation Authority evaluates financial sustainability. Authorities aim to identify cost-effective transport solutions to address Chandigarh's traffic challenges.Read more

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Navi Mumbai set to become India's next big commercial real estate destination

Mr. Bhavesh Shah, Joint Managing Director, Today Global Developers

07 Jan 2025

Navi Mumbai has emerged as a dynamic commercial hub, driven by strategic infrastructure projects such as the Mumbai Trans Harbour Link, upcoming metro lines, and the Navi Mumbai International Airport, set to open next year. Its affordability, proximity to Mumbai and Pune, and ample land availability make it an attractive alternative to costlier business districts. The region's modern infrastructure has attracted Global Capability Centers (GCCs), large corporate offices, and industrial parks, fueling demand for office spaces and hospitality facilities. With excellent connectivity, a skilled workforce, and rising residential development, Navi Mumbai is set to rival established hubs like Gurgaon and Bangalore as a holistic urban center of the future.Read more

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Kozhikode Light Metro: A step towards modern urban transit and sustainable growth

Vidhi Sangoi

07 Jan 2025

The Kozhikode Light Metro is a transformative urban transit project designed to alleviate traffic congestion and pollution in Kozhikode, Kerala. Spanning 13.3 km with 14 strategically located stations, the elevated metro will connect Meenchanda to Kozhikode Medical College, enhancing connectivity across major commercial and residential hubs. Estimated at INR 2,773 crore, the project aims to provide an eco-friendly, efficient transport system powered by electric trains, contributing to sustainable development. Despite challenges like funding and delays in the Comprehensive Mobility Report, the project is expected to boost local economies, create jobs, and improve urban mobility. Once completed, it could serve as a model for sustainable transport in mid-sized Indian cities.Read more

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