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

BMC considers dome-like indoor event space near Mahalaxmi racecourse stables

11 Jul 2025

The BMC is considering developing a dedicated indoor event space near the Mahalaxmi Racecourse stables in Mumbai, encouraged by a INR 7.5 crore revenue boost from recent events. The proposed 15-acre facility would host cultural and corporate events, especially during monsoons. This initiative follows BMC taking possession of 120.1 acres of the 212.7-acre racecourse plot last year. Officials also discussed mapping underground utilities and coordinating a pedestrian tunnel to the Metro 3 station, ensuring development without disrupting horse racing.Read more

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NHSRCL completes 16 of 21 river bridges in Gujarat for Mumbai-Ahmedabad bullet train project

11 Jul 2025

NHSRCL has announced the completion of 16 out of 21 planned river bridges for the Mumbai-Ahmedabad High-Speed Rail Corridor in Gujarat. All five bridges in Valsad district, including the 360-meter Daman Ganga river bridge, are finished. The overall 352-km Gujarat stretch of the bullet train project includes key structures like the 1.4-km Narmada river bridge. The full 508-km corridor's longest bridge will be 2.4 km over Maharashtra's Vaitarna river. This progress marks a step in building the high-speed rail infrastructure.Read more

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BMC receives three bids to clear 185 lakh tonnes of waste at Deonar site

11 Jul 2025

Three companies; Navayuga Engineering, Re Sustainability, and H G Infra Engineering, have bid for the BMC's INR 2,368 crore tender for bioremediation work at the Deonar dumpsite in Mumbai. The project aims to clear 185 lakh tonnes of waste and reclaim 110 hectares of land. The cleared land is designated for housing under the Dharavi Redevelopment Project. All bidders have previous associations with the Adani Group. The final financial bid is scheduled to open on July 11, marking a step in Mumbai's waste management and urban development efforts.Read more

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Thane Infrastructure: Phase 1 of Kasarvadavli flyover opens to ease traffic on Ghodbunder Road

10 Jul 2025

Phase 1 of the Kasarvadavli Flyover in Thane, Maharashtra, has opened to traffic. The two-lane flyover, constructed by MMRDA, aims to ease traffic congestion on Ghodbunder Road, particularly for office and freight movement. Designed to integrate with Metro Line 4, this initial phase is expected to reduce travel time from Waghbil to Gaimukh and improve connectivity among Thane, Mumbai, and neighboring areas. The next phase is underway, aligning with Metro construction for smoother intermodal transit.Read more

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MMRDA forms committee to tackle crowding on Mumbai Metro 1 line

10 Jul 2025

The Mumbai Metropolitan Region Development Authority (MMRDA) has formed a committee to address overcrowding on Metro 1 (Versova-Andheri-Ghatkopar line). This action follows a recent technical failure that caused excessive crowding. The committee, led by former chief secretary Johny Joseph, will review service disruptions and evaluate solutions. The Metro 1 operator, MMOPL, plans to deploy standby rakes, upgrade four-coach trains to six, and reconsider mixed-loop services to improve commuter experience. Metro 1, operational since July 2014, currently carries 500,000 daily passengers.Read more

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Displaced fish vendors to move into new Crawford Market building in August

10 Jul 2025

Fish vendors from Chhatrapati Shivaji Maharaj Market in Fort, Mumbai who were displaced four years ago due to an unsafe building, are set to be rehabilitated next month at the redeveloped Mahatma Jyotiba Phule market (Crawford Market). The new facility, with two basements and three upper floors, will offer dedicated sections for wholesale and retail fish, parking for 84 vehicles, and modern amenities like cold storage and effluent treatment plants. This move follows BMC's 2021 evacuation order and responds to demands for rehabilitation in the same vicinity, confirming plans for the previously earmarked site amidst its recent leasing.Read more

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GMADA invites bids for Aerotropolis City near Mohali airport

10 Jul 2025

The Greater Mohali Area Development Authority (GMADA) has invited Expressions of Interest for its 5,500-acre Aerotropolis City project in Mohali, Punjab. Located near Shaheed Bhagat Singh International Airport, the project aims to provide residential, commercial, and institutional spaces with modern infrastructure. The first phase covers 1,650 acres, with development works like roads and utility pipelines tendered for completion by April 2026. The initiative seeks to create a modern integrated township, complementing existing city developments, and is expected to become a sought-after address for living and business.Read more

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Newly built Sindoor flyover in South Mumbai ready to open, replacing 150-year-old Carnac Bridge

09 Jul 2025

The Sindoor flyover in South Mumbai, earlier known as the Carnac bridge, is set to open to the public following its scheduled inauguration by Maharashtra Chief Minister Shri Devendra Fadnavis. Developed by the BMC, the bridge spans 328 metres and facilitates two-way traffic between East and West South Mumbai near Masjid Bunder. Constructed within a strict timeline after the dismantling of the old Carnac bridge in August 2022 due to safety concerns, the new flyover integrates complex civil engineering features, including dual 550-metric-ton steel girders and RCC piers, and has secured all required safety and structural approvals.Read more

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DPIIT reviews 18 infrastructure projects worth over INR 36,296 crore in Gujarat and Rajasthan

09 Jul 2025

The Department for Promotion of Industry and Internal Trade (DPIIT) reviewed 22 issues impacting 18 infrastructure projects in Gujarat and Rajasthan, collectively valued at over INR 36,296 crore. The meeting, chaired by DPIIT Secretary Amardeep Bhatia, focused on expediting these projects. Major initiatives discussed included a INR 14,147 crore power transmission scheme for solar energy zones and Reliance Jio's 5G/4G network expansion. The review aims to streamline approvals and ensure timely completion for national development goals.Read more

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West Bengal to auction 20 acres in New Town for mixed-use development

09 Jul 2025

West Bengal's government will make approximately 20 acres of land available for residential, commercial, and for mixed-use developments in New Town, Kolkata. The land will be allotted on a freehold basis through e-auction by HIDCO next month. This initiative focuses on Action Areas II and III, where IT companies are establishing offices. Starting bids for plots range from INR 26 crore to INR 292.2 crore. The move aims to accelerate development in the planned city, which covers about 7,598 acres and is projected to house 10 lakh people.Read more

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