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%

Location : Patna

Patna offers 100 % interest and penalty waiver for property-tax defaulters till 2026

03 Dec 2025

The Patna Municipal Corporation (PMC) has rolled out a relief scheme allowing property owners to clear overdue municipal tax by paying only the principal - all interest and penalties will be waived. The scheme, approved under the Bihar Municipal Property Tax Incentive Scheme - 2025, offers a one-time settlement (OTS) option for dues from the current and prior years. It applies to residential, commercial, industrial, institutional properties, and even those owned by state or central government. Pending legal cases or unassessed properties are also eligible, provided formal withdrawal or assessment is completed. PMC has cautioned that any falsification or concealment of facts will lead to cancellation of waiver benefits.Read more

cover photo

Patna Metro set for next launch phase with 6.5 km stretch close to commissioning

01 Dec 2025

Work on Patna Metro's priority corridor, part of Corridor II, has reached its final stage. Three stations are operational, while Malahi Pakri and Khemnichak are being completed on a high-priority schedule. Critical systems like track laying, signalling, and electrification are under round-the-clock monitoring. The 6.5?km elevated section, once operational, will connect five key stations, easing traffic in the city. Simultaneously, preparatory work continues for Corridor I and Corridor II, which together will form a 31?km network with 24 stations, combining elevated and underground stretches across Patna.Read more

cover photo

Patna's major road and bridge works reviewed by CM to ensure timely completion

29 Nov 2025

Bihar Chief Shri Minister Nitish Kumar reviewed the Danapur-Bihta elevated corridor and the Sherpur-Dighwara Ganga bridge this week and asked officials to speed up the remaining work. Authorities briefed him that construction on both projects is progressing without major hurdles. The Danapur-Bihta corridor is planned to improve access between Patna, NH-922, Koilwar bridge and the upcoming Bihta International Airport. The Sherpur-Dighwara bridge will link with JP Ganga Path, offering a smoother route towards Chhapra, Siwan, Gopalganj and Hajipur, helping reduce traffic inside Patna.Read more

cover photo

Knowledge Marine wins INR 384 crore, 15-year contract for battery-electric green tug

24 Nov 2025

Knowledge Marine & Engineering Works Ltd. has received a 15-year contract from Visakhapatnam Port Authority for a contractor-owned battery-electric green tug with a 60-tonne bollard pull capacity. The deal, valued at INR 384.33 crore including taxes, covers complete manning, operations, maintenance and technical management. This is the company's second long-term green tug order, following a similar contract at VO Chidambaranar Port Authority. The company will build both tugs through a joint venture with Synergy Shipbuilders, benefiting from shared procurement and construction efficiencies as India expands its green-tug programme.Read more

cover photo

Lulu Group revives Vizag mall project with INR 1,066 cr plan and fresh MoU with AP govt

22 Nov 2025

Lulu Group International has revived its long-stalled shopping mall project in Visakhapatnam after signing a fresh MoU with the Andhra Pradesh government. The 13.43-acre site at Harbour Park on RK Beach Road was recently handed back to APIIC, removing the final obstacle to construction. The plan features an international-standard mall with a Lulu Hypermarket, global retail brands, an eight-screen IMAX multiplex, a food court, fine-dining options and a Funtura amusement zone. Lulu Group has reiterated its earlier requests for a 99-year lease and a three-year rent-free period. The INR 1,066-crore project is expected to generate about 5,000 direct and 12,000 indirect jobs and will also support upcoming food-processing and export facilities in the state.Read more

cover photo

Google to invest USD 15 billion in Visakhapatnam AI hub amid growing India demand

15 Nov 2025

Google Cloud has announced a USD 15 billion investment to develop an artificial intelligence (AI) hub in Visakhapatnam, Andhra Pradesh, reflecting strong demand for local AI and data solutions. The project will include a large-scale data centre and sovereign infrastructure to keep user data within India. According to Matt Renner, president of global revenue at Google Cloud, Indian businesses in both B2B and B2C sectors are driving broad AI adoption. The initiative underscores India�s growing digital infrastructure market and Google�s long-term expansion strategy in the country.Read more

cover photo

New Patna Metro begins service, but slow speeds and unfinished work draw scrutiny

13 Nov 2025

The first operational section of the Patna Metro, covering a 3.45-km elevated stretch from Pataliputra Bus Terminal to Bhoothnath, began services last month. Developed at a total project cost of INR 13,925.5 crore, the metro is jointly funded by JICA, the central, and the state governments. Managed by Delhi Metro Rail Corporation (DMRC), this launch precedes full operations planned for 2027. While the opening has created public excitement, several residents have pointed out incomplete civil work and slower train speeds compared to metros in larger cities.Read more

cover photo

Patna Smart City deploys surveillance network across Ganga ghats for Chhath preparations

02 Nov 2025

Patna Smart City Limited installed a surveillance network of 187 cameras covering 35 major ghats along the Ganga river to support the forthcoming Chhath Mahaparv in Patna. The cameras, which include fixed and pan-tilt-zoom units, are linked to the city's Integrated Command and Control Centre (ICCC). Four temporary control rooms will also be operational, managed by district administration and police teams. Alongside this, 16 public address (PA) systems at the ghats will broadcast safety and cleanliness messages.Read more

cover photo

Sify begins INR 1,500-crore AI-powered edge data center project in Visakhapatnam

21 Oct 2025

Sify Infinit Spaces, a subsidiary of Nasdaq-listed Sify Technologies, has commenced development of a 50 MW AI-powered Edge Data Center and an Open Cable Landing Station (CLS) in Visakhapatnam, Andhra Pradesh. With an investment of INR 1,500 crore, the project will be executed in two phases and is expected to generate employment for over 1,000 people. It aims to enhance AI computing capabilities, provide low-latency connectivity with Southeast Asia and Australia, and strengthen the city's position as a key hub for digital infrastructure and global connectivity.Read more

cover photo

Patna Metro's first phase launched: 3.6 km Blue Line now operational

10 Oct 2025

Patna's metro services began with the inauguration of the Blue Line's first phase by Chief Minister Shri Nitish Kumar. The 3.6-kilometer elevated stretch links ISBT, Zero Mile, and Bhoothnath stations and is part of Corridor-II, which will cover 14.5 kilometers in total. Trains feature seating for 158 passengers and standing space for 940, with designs reflecting Bihar's cultural heritage. Stations and depots are equipped with modern amenities. The INR 13,925-crore project, started in 2019, faced delays but promises to ease traffic and modernize the city's public transport.Read more

cover photo

ITC Hotels to manage new luxury property in Patna under Bihar tourism initiative

07 Oct 2025

ITC Hotels has signed a definitive agreement with Kumar Infra Hotel Private Limited (KIHPL) to operate a 140-room luxury hotel in Patna, Bihar. Awarded through a competitive government bidding process, the project forms part of Bihar's ongoing tourism development strategy. Spanning 1.5 acres, the hotel aims to strengthen the state's luxury hospitality segment. ITC Hotels plans to showcase its renowned culinary standards and service quality while reflecting the local culture, heritage, and traditions through architecture, arts, crafts, and curated indigenous experiences.Read more

cover photo

VMRDA launches INR 175 crore road project to improve access to Bhogapuram Airport

06 Oct 2025

The Visakhapatnam Metropolitan Region Development Authority (VMRDA) has launched a INR 175 crore project to build seven master plan roads totaling 27 km, aimed at enhancing connectivity to the upcoming Bhogapuram International Airport. These roads pass through key areas including Bheemili, Anandapuram, Gambheeram, and Adavivaram-Sontyam near Simhachalam. The project is designed to reduce congestion on the national highway and support smoother traffic flow. Officials highlighted that these roads will also act as development corridors, boosting regional infrastructure and urban growth.Read more

cover photo

Visakhapatnam and Vijayawada metro projects open for joint venture bids

26 Sep 2025

The Andhra Pradesh Metro Rail Corporation (APMRC) has authorized joint venture (JV) participation in the International Competitive Bidding (ICB) tenders for Phase 1 of the Visakhapatnam and Vijayawada metro rail projects. This move aims to encourage wider participation and expedite project completion. The Phase 1 tenders cover 46.23 km in Visakhapatnam and 38 km in Vijayawada, accounting for 40% of each project's cost and focusing on civil works. The APMRC has set the tender submission deadlines for Visakhapatnam and Vijayawada metro projects as October 10 and October 14, respectively, with no plans for extensions. The metro projects are expected to be completed within 35 to 40 months and become operational by 2028.Read more

cover photo

IHCL partners Varun Hospitality to launch Taj in Visakhapatnam

25 Sep 2025

Indian Hotels Company Ltd (IHCL) has announced plans to launch a 310-key Taj hotel in Visakhapatnam, marking the debut of the iconic brand in the coastal city. The greenfield project, developed in partnership with Varun Hospitality Pvt Ltd, reflects IHCL's strategy to expand its footprint in key leisure and business destinations. MD & CEO Puneet Chhatwal said the venture strengthens the company's partnership with Varun Hospitality while adding a landmark property to its portfolio. As Visakhapatnam grows as both a tourist and commercial hub, the new Taj hotel is expected to elevate the city's hospitality landscape with world-class luxury offerings.Read more

cover photo

Hindustan Construction Company secures major contracts for Patna Metro underground works

25 Sep 2025

Hindustan Construction Company Ltd (HCC) has secured two contracts worth INR 1,418.3 crore and INR 1,147.51 crore from Patna Metro Rail Corporation Ltd under Phase I of the Patna Metro project. The works span 10.67 km of underground twin tunnels using Tunnel Boring Machines and six metro stations on the Danapur-Khemnichak Corridor. Package PC-05 includes tunnels, a cut-and-cover ramp at Mithapur, and stations at Vikas Bhawan, Vidyut Bhawan, and Patna Station. Package PC-06 covers an underground ramp at Rukanpura and stations at Rukanpura, Raja Bazar, and Patna Zoo. HCC, with metro experience in Delhi, Mumbai, Bengaluru, and Kolkata, strengthens its role in India's metro infrastructure.Read more

cover photo

VMRDA unveils ambitious plan for theme-based townships in Visakhapatnam

13 Aug 2025

The Visakhapatnam Metropolitan Region Development Authority initiated plans to develop four theme-based, self-sustaining townships covering about 500 acres. Each will focus on sectors such as IT and innovation, health and wellness, education and knowledge, or tourism and culture. Located near industrial hubs, the developments are aimed at encouraging a walk-to-work culture. A transaction advisor will be appointed to assess feasibility, structure funding models, and oversee the bidding process. The initiative is expected to generate major employment opportunities and attract significant domestic and international investments.Read more

cover photo

Visakhapatnam emerges as a growing technology hub with fresh IT investments

10 Aug 2025

Visakhapatnam is set to witness significant growth in its information technology sector, as five companies, including Sify and Phenom People, have committed to establishing data centre operations in the city. The Andhra Pradesh government, earlier this week, approved land allotments for these companies, which have proposed a collective investment of INR 19,000 crore. These projects are expected to generate large-scale employment opportunities, positioning Visakhapatnam as a key player in India's digital infrastructure ecosystem. Authorities consider this initiative a pivotal step towards expanding the state's digital economy and supporting the broader vision of a technology-driven urban landscape.Read more

cover photo

Visakhapatnam introduces an automatic property tax update system for new owners

04 Aug 2025

Greater Visakhapatnam Municipal Corporation has rolled out a new mechanism to automatically update property tax records in the name of new owners following property registration. This reform removes the need for manual name change applications and visits to municipal offices. Mutation charges are now collected at the sub-registrar's office itself, triggering real-time data integration into GVMC's system. Officials have called on citizens to stay informed about the new process, which is being seen as a major administrative ease measure in Andhra Pradesh's ongoing push for urban digitisation and governance transparency.Read more

cover photo

Draft Master Plan 2041 for Vizag region nears final stage after extensive public input

21 Jul 2025

The Visakhapatnam Metropolitan Region Development Authority (VMRDA) concluded its final public consultations for the Draft Master Plan-2041 after extensive stakeholder engagement across Visakhapatnam, Anakapalli, and Vizianagaram. Concerns over potential land-use favoritism prompted a deadline extension and the formation of a technical committee to review feedback. Spanning 6,700 sq km, the plan includes key infrastructure like Vizag Metro, Bhogapuram Airport, and the Visakhapatnam-Chennai Industrial Corridor. It also proposes transit-oriented zones, slum upgrades, and smart infrastructure. Focused on sustainable, inclusive development, the plan aims to balance growth with environmental protection and decentralised urban expansion across the fast-growing coastal region.Read more

cover photo

Sattva Group to invest INR 1,500 crore in mixed-use project in Visakhapatnam

11 Jul 2025

Bengaluru-headquartered Sattva Group has committed an investment of INR 1,500 crore to develop a 30-acre mixed-use project named 'Sattva Vantage Vizag Campus' in Visakhapatnam, Andhra Pradesh. The initiative follows recent discussions with Andhra Pradesh's IT Minister, Nara Lokesh. Designed with a focus on sustainability and smart urban infrastructure, the project will feature Grade A office spaces and premium residences. The group expects the development to create over 25,000 direct jobs and support Andhra Pradesh's economic ambitions. This comes alongside Sattva's growing footprint in Goa, Pune, Kolkata, and a potential entry into the Mumbai market.Read more

cover photo