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

The Mumbai Trans Harbour Link (MTHL) to officially open by the end of the year

09 Dec 2023

The Mumbai Trans Harbour Link (MTHL), envisioned in 1962, symbolizes connectivity between Mumbai Island and Navi Mumbai. Despite delays, work began in 2018 with a proposed opening on December 25, 2023. While deck work nears completion, crucial technological systems under Package 4, including toll and transport management, pose challenges. The BJP announced the bridge's opening, contrasting with the MMRDA's acknowledgment of pending works. Over 97% of the sea link is finished, yet concerns persist about traffic management. The MTHL, India's longest sea bridge, represents ambition tempered by logistical complexities in infrastructure development.Read more

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Greater Noida's Aqua Line Metro to add eight new stations

09 Dec 2023

The Aqua Line Metro extension project in Greater Noida is to add eight new stations to enhance connectivity. The revised plan, proposed by the Delhi Metro Rail Corporation (DMRC), aims to link Greater Noida with the Blue and Magenta lines at Botanical Garden. This strategic expansion, seeking approval after local authorities' scrutiny, intends to streamline travel between Greater Noida, Delhi, and IGI Airport Terminal 1. The project, estimated at Rs 2,254 crore and expected to take three years for completion, aims to cater to evolving transportation needs in the booming residential and commercial sectors along the Noida Expressway.Read more

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Mumbai's Coastal Road projects undergo safety reassessment after Silkyara Tunnel incident

07 Dec 2023

The BMC is actively reassessing two ambitious projects on Little Gibbs Road, Malabar Hill, situated above twin coastal road tunnels, following the Silkyara tunnel collapse. This safety review, triggered by a citizen-activist complaint, involves scrutinizing proposals for 3-4 storey basement construction by Aakar Architects and Barai Architects. Both firms, acting as liaising consultants, received no-objection certificates for high-rise buildings. Concerns arose about the potential risks to the twin tunnels and their structural integrity. Chief Engineer MM Swami emphasized adherence to the original plans for safety. Barai Architects acknowledged the BMC's letter, while Aakar Architects' response remains pending.Read more

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BMRCL initiates land acquisition for Namma Metro Phase 3, paving the way for transformative expansion

06 Dec 2023

The Bangalore Metro Rail Corporation Limited (BMRCL) is gearing up for significant developments as it prepares to embark on Phase 3 of the Namma Metro project. In an upcoming initiative, the corporation will commence preliminary activities related to land acquisition, marking a crucial step forward for the ambitious expansion. The initial phase involves the identification of 100 acres of land for the construction of a depot and viaducts along specific stretches of the corridor. Anticipating progress, officials are set to initiate a joint survey of the targeted properties earmarked for acquisition.Read more

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Delhi-NCR builders welcome resumption of construction post-GRAP-III

05 Dec 2023

Construction activities in Delhi-NCR have resumed after a 26-day gap as the Commission for Air Quality Management (CAQM) revoked the third stage of its Graded Response Action Plan (GRAP-III) imposed on November 2 due to high air pollution levels. GRAP-III restrictions included a ban on construction and demolition activities. The AQI dropped from 395 to 312 on November 28, prompting the revocation. Real estate developers welcomed the move. Industry bodies urged future exemptions for real estate from GRAP restrictions, emphasizing the impact of the restrictions on project costs, delays, and job losses and highlighting pollution-mitigating measures already implemented.Read more

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Central Railway initiates demolition drive to improve Harbour Line speed in Mumbai

02 Dec 2023

Central Railway's (CR) harbour line in Mumbai, plagued by encroachments and hygiene issues impacting train speeds, witnessed a significant initiative. CR authorities commenced the demolition of encroachments between Chunabhatti and GTB Nagar stations on November 27 to increase speeds to 105 km per hour. Railway security forces assisted in removing 140 shops and 25 hutments, aiming to clear soft encroachments and address the challenge of garbage and excreta on the tracks. The upgrade, crucial for track improvements, seeks to enhance punctuality for the substantial commuter base. Despite ongoing efforts, challenges, including political opposition, persist, reflecting the persistent dissatisfaction with services.Read more

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Second fire incident hits South Mumbai’s Nathani Heights residential building

02 Dec 2023

In a concerning trend, a second fire occurred within a week in South Mumbai, this time at Nathani Heights, a 21-storey residential building in Agripada. Fortunately, all six families were safely evacuated, and no casualties were reported in this level 1 fire. The blaze originated in the electrical duct between the 5th and 15th floors, prompting a swift response from the Mumbai Fire Brigade. The building's upgraded inbuilt firefighting system played a crucial role in managing the situation. The incident underlines the importance of adhering to fire safety norms and regulations, emphasizing the need for residents to comply with guidelines and promote responsible electrical usage to prevent future incidents.Read more

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Bengaluru set for transformation with 287 km circular rail network

01 Dec 2023

Bengaluru is gearing up for a major upgrade in urban transport with the announcement of a 287 km circular rail network by the Ministry of Railways. Aimed at easing traffic congestion, the project will connect various peripheral areas of the city, enhancing connectivity. The government has allocated 7 crore rupees for initial studies, with plans for detailed surveys and project reports underway. This initiative is part of a broader effort to modernize Bengaluru's infrastructure, promising a more connected and accessible city in the coming years.Read more

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MMRDA plans INR 700 crore elevated road project in Kalyan to ease commute

30 Nov 2023

The Mumbai Metropolitan Region Development Authority (MMRDA) plans to construct a Rs 700-crore, 2.5 km elevated road in Kalyan, aiming to alleviate traffic for commuters from Ulhasnagar, Ambernath, and Badlapur heading towards Thane and Mumbai. The project, set to float a tender soon, begins near Vithalwadi, crossing key railway lines and terminating at Kalyan-Ahmednagar National Highway. Traffic police anticipate relief on Waldhuni Bridge and Kalyan station road, while local residents are also happy with the impending solution to persistent traffic issues.Read more

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Pune Metro's Ruby Hall Clinic to Ramwadi section expected to be operational next month

30 Nov 2023

Pune residents can soon enjoy a faster Metro route to the airport as Maharashtra Metro Rail Corporation Limited (Maha Metro) plans to operationalize the Ruby Hall Clinic to Ramwadi stretch next month. The extended line introduces four stations – Bund Garden, Yerawada, Kalyaninagar, and Ramwadi, offering city centre residents a convenient route to Nagar Road. While safety inspection details are pending confirmation, Maha Metro is well-prepared for a December completion, ensuring at least one entry-exit point at each station. Efforts to enhance last-mile connectivity, especially in Yerawada and Ramwadi, are underway, promising a seamless travel experience for Pune's metro commuters with improved feeder services and designated pick-up/drop-off points for cab aggregators.Read more

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