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

MMRDA unveils INR 40,187 crore budget with INR 35,151 crore for infra in FY26

03 Apr 2025

The Mumbai Metropolitan Region Development Authority (MMRDA) has announced a INR 40,187.41 crore budget for FY 2025-26, with 87% earmarked for infrastructure projects. Approved by Deputy CM Shri Eknath Shinde and presented by Dr. Sanjay Mukherjee, the budget supports metro expansions, tunnels, coastal routes, and regional water projects. Key metro lines (2B, 4, 5, 6, 9, 12) and road works in Mira-Bhayandar, Vasai-Virar, and Alibaug are prioritized. Revenue is projected at INR 36,938.69 crore, with a INR 3,248.72 crore deficit to be covered via land sales and loans. CM Shri Devendra Fadnavis emphasized MMR's role in Maharashtra's economic vision, calling the budget a vital step toward becoming a trillion-dollar economy.Read more

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Thane's real estate market continues to display steady growth driven by infrastructure and demand

03 Apr 2025

Over the past couple of years, Thane's real estate sector has demonstrated consistent growth, establishing itself as a prime market within the Mumbai Metropolitan Region (MMR). Residential demand surged, with a 6.8% quarter-on-quarter increase in Q1 2023, and property rates rose significantly across key locations. Infrastructure developments such as the Thane-Borivali Twin Tunnel and Metro Line 4 have enhanced connectivity, boosting investor confidence. Major developers launched successful projects, while commercial and retail segments also gained traction. Rising construction costs and interest rate hikes posed challenges, yet Thane's affordability relative to Mumbai maintained its appeal.Read more

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Arunachal Pradesh: Itanagar embraces smart growth with ropeway, e-buses, and major infra upgrades

Vidhi Sangoi

03 Apr 2025

Itanagar is undergoing major development with projects enhancing urban mobility, energy, and connectivity. A new ropeway and 10 electric buses are being introduced to reduce traffic and promote sustainability. A multi-storey parking facility accommodating 108 cars has been inaugurated under the Smart City initiative. The construction of NH-415 has faced delays, prompting possible contract termination. The state government has inaugurated 14 projects worth INR 102 crore and laid foundations for 21 more worth INR 126 crore. A 132KV transmission line and substation are under development to improve power supply. Additionally, Donyi Polo Airport in Hollongi has boosted regional connectivity, supporting Itanagar's emergence as a modern, sustainable city.Read more

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Gujarat Maritime Cluster: India's first commercial maritime hub at GIFT City to attract INR 1.5 lakh crore investment

Vidhi Sangoi

02 Apr 2025

The Gujarat Maritime Cluster (GMC), India's first commercial maritime hub, is being developed at GIFT City, Gandhinagar, to integrate shipping, finance, insurance, and legal services into a unified ecosystem. Overseen by the Gujarat Maritime Board (GMB), GMC aims to strengthen India's global maritime presence. With INR 1.5 lakh crore in investment proposals signed before the Vibrant Gujarat Global Summit 2024, the project is expected to create 90,000 jobs. Positioned within India's first international financial services center, GMC will enhance operational efficiency, attract foreign investments, and drive innovation in maritime technology, reinforcing Gujarat's dominance in India's maritime sector.Read more

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Andhra Pradesh: Nellore launches 105 projects in a day as part of major INR 3,500 crore infrastructure push

02 Apr 2025

Nellore, Andhra Pradesh, is undergoing rapid transformation through key infrastructure projects aimed at boosting urban living and economic growth. On March 9, 2025, 105 projects were launched in the Nellore Rural assembly constituency, part of 303 works to be completed in 60 days. Major initiatives include a four-lane highway (INR 3,541.89 crore), Nellore Airport (INR 368 crore), and expansion of thermal power plants. A Waste-to-Energy plant is also planned to enhance sustainability. The Nellore Railway Station is being redeveloped, and a greenfield airport near Dagadarthi is in progress. APIIC is promoting industrial growth through new parks and infrastructure, positioning Nellore as a regional hub for development and connectivity.Read more

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Smart Cities Mission: Tirupati project advances with with INR 2,000 crore infrastructure push

02 Apr 2025

Tirupati, a pilgrimage city in Andhra Pradesh, has emerged as a model smart city with infrastructure projects worth INR 2,000 crore under the Smart Cities Mission. Key developments include the Integrated Command and Control Centre for real-time governance, the INR 658 crore Garuda Varadhi elevated corridor easing access to Tirumala, and an Intelligent Traffic Management System. The city has also focused on solid waste management and digital infrastructure upgrades. Despite a INR 400 crore funding gap delaying some projects, efforts continue to improve urban services. Tirupati aims to balance its spiritual heritage with sustainable urban development, setting a benchmark for other Indian cities.Read more

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Kattupalli Port's transformation: From shipyard to strategic maritime hub with INR 53,400 crore expansion plans

Vidhi Sangoi

01 Apr 2025

Kattupalli Port, near Chennai, was launched by L&T in 2012 and acquired by Adani Ports (APSEZ) in 2018. Initially designed for shipbuilding and limited cargo handling, APSEZ aimed to transform it into a major maritime hub. Expansion plans to boost capacity from 18 MTPA to 320 MTPA faced environmental opposition, prompting scaled-down proposals, including a revised INR 2,100 crore expansion. Despite challenges, the port earned INR 1,592 crore revenue in FY23. Strategically located with 24x7 access and efficient cargo handling facilities, Kattupalli remains a vital multi-cargo port. Its future hinges on balancing infrastructure growth with environmental and community concerns.Read more

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Vizhinjam International Seaport: India's new transshipment hub set to handle 3 million TEUs by 2028

Vidhi Sangoi

01 Apr 2025

The Vizhinjam International Seaport, located near Thiruvananthapuram, Kerala, is poised to become a major transshipment hub, reducing India's reliance on ports like Colombo, Singapore, and Dubai. Developed under a INR 20,000 crore investment by the Adani Group and Kerala government, the port features a natural depth of 24 meters, enabling it to accommodate Ultra Large Container Ships (ULCS). With trial operations underway since July 2024, Vizhinjam has already handled 100,000 TEUs. Expansion plans aim to increase capacity to 3 million TEUs by 2028, integrating cruise terminals and boosting regional economic growth.Read more

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Vijayawada Metro to connect Gannavaram, PNBS, and Penamaluru in first phase

01 Apr 2025

The Andhra Pradesh government has approved the INR 11,009 crore Phase 1 of the Vijayawada Metro, covering 38.6 km across two corridors-from Gannavaram to PNBS (25.9 km) and PNBS to Penamaluru (12.76 km). With 34 stations planned, the metro aims to ease traffic and enhance urban mobility. Land acquisition of 91 acres is underway at a cost of INR 1,152 crore. The project follows a Public-Private Partnership model, with 40% funding from the Centre. A future extension to Amaravati is also planned. The metro is expected to transform Vijayawada's transport network, linking key areas and supporting regional development.Read more

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Maharashtra rolls out PMAY-Urban 2.0, offering multiple housing options for eligible citizens

31 Mar 2025

The Maharashtra Government is implementing the 'Pradhan Mantri Awas Yojana - Housing for All (Urban)' initiative in line with the Prime Minister's vision of 'Housing for All' by 2022. The scheme includes four components: Beneficiary Led Construction (BLC), Affordable Housing in Partnership (AHP), Affordable Rental Housing (ARH), and the Interest Subsidy Scheme (ISS). A unified web portal allows for easy registration under PMAY (Urban) 2.0. Applicants must submit documents like Aadhaar, PAN, income certificate, and land records to the Social Development Department at Belapur Bhavan, Navi Mumbai. The scheme offers subsidized ownership and rental options for economically weaker sections. A help desk has also been set up for guidance.Read more

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