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

Mumbai: Fire engulfs furniture market in Oshiwara, destroying multiple shops

Arun Nair

18 Feb 2025

A major fire broke out in Mumbai's Oshiwara furniture market on 11th February, gutting at least ten shops. Although no casualties were reported, shop owners estimated their losses exceeding INR 20 crore, particularly devastating as they were still recovering from a similar fire incident in March 2023. The blaze, which began in a furniture godown, quickly spread to adjacent shops. Over 20 fire engines and water tankers were deployed to control the fire, categorised as Level 2 (major). The cause of the fire remains unknown. In the past few months, Mumbai has witnessed multiple fire incidents. As per government data, over the past three years, Mumbai has recorded approximately 13,000 fire incidents, resulting in 65 deaths and 473 injuries.Read more

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Bengaluru-Chennai Expressway nears 50% completion with INR 17,000 crore investment

Vidhi Sangoi

18 Feb 2025

The 262 km Bengaluru-Chennai Expressway, a INR 17,000 crore greenfield project, is set to cut travel time to under 2.5 hours, enhancing logistics and industrial growth. With nearly 50% of construction complete, the expressway is already driving land price hikes of 30-50% near key exits. However, real estate developers remain cautious, citing speculative pricing and infrastructure concerns. The project, funded under the Bharatmala Pariyojana, relies on toll revenue for cost recovery. Whether it fuels sustainable development or speculative bubbles will depend on future government policies, industrial incentives, and last-mile connectivity improvements.Read more

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Madhya Pradesh to develop INR 1500 crore startup and IT park in Indore under PPP model

17 Feb 2025

The Madhya Pradesh government has announced plans for a startup and IT park in Indore, with an estimated investment of INR 1,500 crore under a public-private partnership (PPP) model. The 22-storey hub, approved by the Indore Development Authority, will cater to the city's growing 1,300+ startups, with potential for 500 more. Additionally, a INR 1,000 crore convention center is planned along the Super Corridor. The initiative will be highlighted at the Invest Madhya Pradesh summit (Feb 24-25) in Bhopal, aiming to position Indore as a leading innovation hub and boost job creation in the state.Read more

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Uttarakhand Development: Rudrapur Mayor outlines smart city vision with focus on infrastructure and sustainability

17 Feb 2025

Newly elected Rudrapur Mayor Vikas Sharma has announced a comprehensive plan to enhance city infrastructure, improve municipal employee welfare, and drive sustainable urban growth. His priorities include better roads, water supply, and drainage systems, alongside advanced waste management solutions. A major initiative is transforming Rudrapur into a smart city, starting with a solar-powered pilot ward to promote renewable energy use. Sharma also plans to streamline vending zone allotments and digitize governance for improved municipal services. With a focus on modernization and inclusivity, his administration aims to make Rudrapur a model for urban development in Uttarakhand.Read more

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MHADA's digital initiative to ease lease deed formalities for homeowners in Mumbai

17 Feb 2025

The Maharashtra Housing and Area Development Authority (MHADA) is set to introduce a new online system for lease deed conveyance in Mumbai, aiming to reduce delays and bureaucratic hurdles in property transactions. The digital platform will allow residents and developers to apply, track, and manage lease documents online, enhancing transparency and efficiency. This initiative aligns with the government's digitization efforts and could boost investment in Mumbai's housing sector. As affordable housing demand rises, MHADA's move seeks to simplify real estate processes, ensuring smoother transactions and better housing resource management in the city.Read more

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Great Nicobar Development Project aims to transform India's maritime strategy

Vidhi Sangoi

14 Feb 2025

The INR 75,000 crore Great Nicobar Island Development Project is set to position the Andaman and Nicobar Islands as a key maritime and logistics hub. Anchored by the International Container Transshipment Terminal (ICTT) at Galathea Bay, capable of handling 14.2 million TEUs, the project also includes an international airport, a gas and solar power plant, and greenfield coastal cities. While expected to reduce India's reliance on foreign ports and boost regional trade, environmental concerns remain due to large-scale deforestation and potential impacts on indigenous communities. Phase 1 of the ICTT is slated for completion by 2028.Read more

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Timely Action: MHADA settles five long-pending cases at ninth Lokshahi Din hearing

14 Feb 2025

MHADA's ninth Lokshahi Din highlighted its commitment to efficient governance, with Vice President and CEO Sanjeev Jaiswal, IAS, resolving five long-pending cases in record time. These disputes ranged from flat regularisation and inheritance issues to excessive charges and possession delays. Lokshahi Din, introduced to streamline public grievance redressal, has seen MHADA resolve 75 out of 81 cases across nine hearings. This citizen-focused initiative reflects MHADA's legacy of providing affordable housing and transparent governance while showcasing the proactive leadership of Mr. Jaiswal in addressing public concerns effectively and promptly.Read more

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Uttarakhand Infrastructure: Char Dham Railway Project to enhance connectivity and security in Uttarakhand

Vidhi Sangoi

14 Feb 2025

The Char Dham Railway Project, a INR 43,292 crore initiative, aims to improve rail access to Yamunotri, Gangotri, Kedarnath, and Badrinath, replacing treacherous road journeys. Covering 327 km, it spans Dehradun, Tehri Garhwal, Pauri Garhwal, Rudraprayag, and Chamoli. The Rishikesh-Karnaprayag feeder line, with 84% tunneling, is set for completion by December 2025. This project will boost pilgrimage tourism, accelerate economic growth, and strengthen India's border security by improving military logistics in the Himalayan region. Despite environmental and engineering challenges, it marks a significant step toward safer, faster, and sustainable travel in Uttarakhand.Read more

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MHADA initiates biometric survey to verify transit camp residents in Mumbai

14 Feb 2025

The Maharashtra Housing and Area Development Authority (MHADA) has launched a biometric survey in Mumbai's transit camps to verify the residency status of occupants. The initiative aims to distinguish between eligible and unauthorised residents using Aadhaar-based e-KYC authentication. The survey, which commenced earlier this week at Sahakar Nagar, Chembur, will expand to other transit camps, including Bimbisar Nagar, Goregaon (East). The classification of residents into three categories-original tenants, legally transferred occupants, and unauthorised residents-will help streamline rehabilitation efforts. This marks the second such survey since 2010, when MHADA identified over 8,000 unauthorised occupants.Read more

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Delhi Infrastructure: Kundli-Ghaziabad-Palwal Expressway transforms NCR connectivity

Vidhi Sangoi

13 Feb 2025

The Eastern Peripheral Expressway (EPE), a 135-km six-lane corridor encircling the NCR, diverts over 50,000 non-Delhi-bound vehicles daily, reducing pollution by 27%. Officially inaugurated in May 2018 at an investment of INR 11,000 crore, it features electronic toll collection, weigh-in-motion sensors, and solar-powered lighting. Environmental measures include 250,000 trees and rainwater harvesting every 500 meters. With seamless connectivity via interchanges, flyovers, and underpasses, EPE has boosted real estate and industrial growth in Kundli, Palwal, and Baghpat, marking a significant step in India's sustainable infrastructure development.Read more

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