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

Mumbai: BMC plans heritage-view Town Hall complex near CSMT and HQ

28 Apr 2025

The BMC has announced a landmark Town Hall Gymkhana project between CSMT and its heritage HQ, blending heritage revival with civic engagement. Planned on the Cannon and Carnac sports grounds, the complex will feature a public town hall, amphitheatre, glass-domed viewing gallery, restaurants, and five underground floors with parking and recreational spaces. For the first time, Mumbaikars will enjoy panoramic views of CSMT and Azad Maidan. Urban planners praise the project as a model for heritage-sensitive development. Tenders are out, and officials stress adherence to Fort precinct design norms. The initiative is expected to boost footfall and spur local redevelopment.Read more

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Mumbai: Vidyavihar railway overbridge to complete by mid-2026 after decade-long delay

28 Apr 2025

The INR 160-crore Vidyavihar railway overbridge, linking LBS Marg and Ramkrishna Chemburkar Marg, is finally set for completion by mid-2026 after years of delays due to land and coordination issues. The 650-metre ROB, one of Mumbai's longest, will ease east-west congestion across the Kurla-Vidyavihar-Ghatkopar corridor. With RDSO approvals in place, the final deck will be launched by May 2024. Improved connectivity is expected to boost property values in Vidyavihar East by 8%-10%, spurring redevelopment. The project is part of BMC's larger push to modernize Mumbai's ROB network, with the Santacruz-Chembur Link Road extension next in line.Read more

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New rural industrial parks in Telangana aim to bridge urban-rural development gap

24 Apr 2025

In a significant move to bolster rural industrialization, Telangana's panchayat raj department has approved the establishment of industrial parks in villages, aligning them with urban standards. The Industrial Area Development Authority (IADA) will spearhead this initiative, focusing on four districts Kamareddy, Medchal, Sangareddy, and Rangareddy in the initial phase. Each park will span approximately 150 acres, with a dedicated 10% allocation for women entrepreneurs. This development aims to enhance land values, generate employment, and invigorate local economies, marking a pivotal step towards inclusive growth in the state.Read more

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Indian Railways plans freight rate cut for short hauls to compete with trucks

24 Apr 2025

To challenge road transport dominance, Indian Railways is planning to cut freight rates for cargo within 300 km, starting with pilots in Gujarat and Maharashtra. Aimed at sectors like coal, cement, and steel, the policy seeks to tap into under-utilised short-haul potential. With current rail rates nearly twice that of road at INR 1.36/tonne/km, last-mile delivery remains a bottleneck. Plans include 100,000 new sidings and improved terminals to speed up cargo flow. If successful, the move could help boost Indian Railways' freight share from 28% to 35% and reshape logistics along key industrial corridors.Read more

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Bandra to Vasai: New heritage guides map Mumbai's overlooked landmarks

24 Apr 2025

The Maharashtra State Archives has launched four heritage trail handbooks tracing colonial and local history from Bandra to Vasai. Led by director Dr. Rucha Deo, the project covers trails through Bandra, Andheri-Dahisar, Mira-Bhayandar, and Bassein, highlighting forts, churches, markets, and East Indian villages. Developed with support from institutions like St Xavier's College and JJ School of Architecture, the booklets include QR-mapped locations, architectural sketches, and oral histories. Officials aim to integrate these trails into tourism and educational initiatives, helping residents reconnect with Mumbai's overlooked suburban heritage. Digital editions are also planned to widen access and revive community interest.Read more

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Arete Group to invest INR 1,200 crore in Dahej for industrial park expansion

24 Apr 2025

Arete Group announced its plan to invest INR 1,200 crore in infrastructure development for the second phase of its Payal Industrial Park (PIP) in Dahej, located within the Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) of Gujarat. Spread across 850 acres, the park will cater to industries such as agrochemicals, pesticides, specialty and inorganic chemicals, dyes and pigments, and chlor-alkali segments. The group, founded in 1990, has diversified operations in industrial parks, real estate, retail, and investments, and aims to attract major players from the chemical sector to set up base at the site.Read more

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BKC bullet train station reaches 75% completion, boosting real estate interest

24 Apr 2025

The underground bullet train station at Bandra-Kurla Complex (BKC) is 75% complete, marking key progress in the Mumbai-Ahmedabad high-speed rail project. Major construction activities, including raft casting and tunneling, are advancing steadily. Of the 21-km tunnel, 16 km will use Tunnel Boring Machines, with the rest built using NATM. Over 3,300 piles have been installed, and work on viaducts and bridges is ongoing across Maharashtra and Gujarat. The corridor is expected to significantly boost mobility in the Mumbai Metropolitan Region. Real estate activity in BKC is already heating up, with developers and investors anticipating a sharp rise in demand ahead of the project's planned 2028 completion.Read more

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Mumbai Metro News: MMRDA completes tunnel breakthrough for metro 7A, 59% work done on airport link

23 Apr 2025

MMRDA has achieved a major milestone for Mumbai's Metro Line 7A with TBM 'Disha' completing a 1.67-km underground tunnel between Gundavali and the airport. The 3.4-km corridor, part of the Red Line 7 extension, includes elevated and underground sections and aims to boost east-west connectivity through key interchanges with Lines 2, 3, 6, and 9. Currently 59% complete, the metro line is expected to be operational by December 2025. Officials say this link will ease airport traffic and cut travel time. CM Shri Devendra Fadnavis hailed it as a step forward in strengthening Mumbai's infrastructure and commuter mobility.Read more

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Mumbai Infrastructure: Carnac Bridge set to reopen, restoring key link to Crawford Market and Fort

23 Apr 2025

After a 2.5-year closure, Mumbai's historic Carnac Bridge near Masjid Bunder will reopen on June 7, 2025. The INR 41.3 crore reconstruction replaces the 1866 British-era structure and aims to decongest key trading routes linking Crawford Market, P D'Mello Road, and CST. The new 70m steel girder bridge was installed in January 2025 during carefully timed railway blocks. Final touches, including road surfacing and safety fittings, are underway. Originally shut in 2022 due to safety concerns flagged in 2018, the revamped bridge is expected to restore crucial connectivity for traders and commuters and ease pressure on detour-heavy routes like Kalbadevi and Princess Street.Read more

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Delhi Airport's Terminal 2 to reopen in 6 months with major passenger upgrades

23 Apr 2025

Indira Gandhi International Airport's Terminal 2 is undergoing a major six-month redevelopment to enhance infrastructure and passenger experience. Delhi International Airport Ltd (DIAL) plans to install six advanced Passenger Boarding Bridges, upgrade HVAC systems, and introduce new skylit ceilings for improved energy efficiency and ambience. The revamp includes a high-resolution Flight Information Display System (FIDS), weather-protective canopies, and accessibility improvements for reduced mobility passengers. These upgrades aim to boost turnaround efficiency, meet rising passenger demand, and align T2 with global airport standards. As IGI Airport surpasses 70 million annual passengers, the T2 overhaul is key to supporting India's growing aviation sector.Read more

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