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

MHADA's 100-day plan: Minister assesses progress on cleanliness and record management

19 Feb 2025

Maharashtra's Minister of State for Housing, Dr. Pankaj Bhoyar, recently visited MHADA's headquarters in Bandra East to review the progress of its 100-day action plan. During the visit, he assessed a special cleanliness and record classification drive and inspected various offices. He also reviewed ongoing projects like the Citizen Facilitation Centre and Visitor Management System aimed at improving administrative efficiency and citizen services. MHADA's Vice President, Mr. Sanjeev Jaiswal, highlighted initiatives such as the e-office system and website upgrades, reflecting MHADA's commitment to modernising operations and enhancing service delivery.Read more

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Bengaluru-Chennai Expressway nears 50% completion with INR 17,000 crore investment

Vidhi Sangoi

18 Feb 2025

The 262 km Bengaluru-Chennai Expressway, a INR 17,000 crore greenfield project, is set to cut travel time to under 2.5 hours, enhancing logistics and industrial growth. With nearly 50% of construction complete, the expressway is already driving land price hikes of 30-50% near key exits. However, real estate developers remain cautious, citing speculative pricing and infrastructure concerns. The project, funded under the Bharatmala Pariyojana, relies on toll revenue for cost recovery. Whether it fuels sustainable development or speculative bubbles will depend on future government policies, industrial incentives, and last-mile connectivity improvements.Read more

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Mumbai: Fire engulfs furniture market in Oshiwara, destroying multiple shops

Arun Nair

18 Feb 2025

A major fire broke out in Mumbai's Oshiwara furniture market on 11th February, gutting at least ten shops. Although no casualties were reported, shop owners estimated their losses exceeding INR 20 crore, particularly devastating as they were still recovering from a similar fire incident in March 2023. The blaze, which began in a furniture godown, quickly spread to adjacent shops. Over 20 fire engines and water tankers were deployed to control the fire, categorised as Level 2 (major). The cause of the fire remains unknown. In the past few months, Mumbai has witnessed multiple fire incidents. As per government data, over the past three years, Mumbai has recorded approximately 13,000 fire incidents, resulting in 65 deaths and 473 injuries.Read more

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Mumbai Property Deals: Google renews office leases in Bandra-Kurla Complex for INR 304 crore

18 Feb 2025

Google India Private Limited and Google Cloud India Private Limited have extended their office space leases in Mumbai's Bandra-Kurla Complex (BKC), one of India's most expensive commercial districts. The renewal agreements, covering office spaces in the First International Financial Centre (FIFC), amount to a total rental expenditure of INR 304 crore over five years. Google India has secured two floors spanning 1.10 lakh sq ft for a monthly rent of INR 3.55 crore, while Google Cloud India has leased a single floor measuring 38,678 sq ft for INR 1.24 crore per month. The agreements, effective from June 2025, include a 15% rent escalation clause after 36 months.Read more

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Noida Metro News: Construction of Botanical Garden-Sector 142 corridor to start soon

18 Feb 2025

The Noida Metro Rail Corporation (NMRC) is preparing to begin construction on the 11.56 km Metro corridor linking Botanical Garden station to Sector 142 within the next three months, pending final approval from the central government. This link, along with a proposed 5km route from Sector 51 to Knowledge Park-5, aims to enhance connectivity between Greater Noida and Delhi Metro's network. The project is expected to streamline travel to the upcoming Noida International Airport in Jewar and integrate seamlessly with the existing Aqua and Blue Line corridors. The NMRC board has allocated INR 2,254.35 crore for this initiative, which will feature eight new Metro stations. Additionally, a bus terminal at Botanical Garden station is being developed to further improve transport links.Read more

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MHADA's digital initiative to ease lease deed formalities for homeowners in Mumbai

17 Feb 2025

The Maharashtra Housing and Area Development Authority (MHADA) is set to introduce a new online system for lease deed conveyance in Mumbai, aiming to reduce delays and bureaucratic hurdles in property transactions. The digital platform will allow residents and developers to apply, track, and manage lease documents online, enhancing transparency and efficiency. This initiative aligns with the government's digitization efforts and could boost investment in Mumbai's housing sector. As affordable housing demand rises, MHADA's move seeks to simplify real estate processes, ensuring smoother transactions and better housing resource management in the city.Read more

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Uttarakhand Development: Rudrapur Mayor outlines smart city vision with focus on infrastructure and sustainability

17 Feb 2025

Newly elected Rudrapur Mayor Vikas Sharma has announced a comprehensive plan to enhance city infrastructure, improve municipal employee welfare, and drive sustainable urban growth. His priorities include better roads, water supply, and drainage systems, alongside advanced waste management solutions. A major initiative is transforming Rudrapur into a smart city, starting with a solar-powered pilot ward to promote renewable energy use. Sharma also plans to streamline vending zone allotments and digitize governance for improved municipal services. With a focus on modernization and inclusivity, his administration aims to make Rudrapur a model for urban development in Uttarakhand.Read more

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Madhya Pradesh to develop INR 1500 crore startup and IT park in Indore under PPP model

17 Feb 2025

The Madhya Pradesh government has announced plans for a startup and IT park in Indore, with an estimated investment of INR 1,500 crore under a public-private partnership (PPP) model. The 22-storey hub, approved by the Indore Development Authority, will cater to the city's growing 1,300+ startups, with potential for 500 more. Additionally, a INR 1,000 crore convention center is planned along the Super Corridor. The initiative will be highlighted at the Invest Madhya Pradesh summit (Feb 24-25) in Bhopal, aiming to position Indore as a leading innovation hub and boost job creation in the state.Read more

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Timely Action: MHADA settles five long-pending cases at ninth Lokshahi Din hearing

14 Feb 2025

MHADA's ninth Lokshahi Din highlighted its commitment to efficient governance, with Vice President and CEO Sanjeev Jaiswal, IAS, resolving five long-pending cases in record time. These disputes ranged from flat regularisation and inheritance issues to excessive charges and possession delays. Lokshahi Din, introduced to streamline public grievance redressal, has seen MHADA resolve 75 out of 81 cases across nine hearings. This citizen-focused initiative reflects MHADA's legacy of providing affordable housing and transparent governance while showcasing the proactive leadership of Mr. Jaiswal in addressing public concerns effectively and promptly.Read more

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Uttarakhand Infrastructure: Char Dham Railway Project to enhance connectivity and security in Uttarakhand

Vidhi Sangoi

14 Feb 2025

The Char Dham Railway Project, a INR 43,292 crore initiative, aims to improve rail access to Yamunotri, Gangotri, Kedarnath, and Badrinath, replacing treacherous road journeys. Covering 327 km, it spans Dehradun, Tehri Garhwal, Pauri Garhwal, Rudraprayag, and Chamoli. The Rishikesh-Karnaprayag feeder line, with 84% tunneling, is set for completion by December 2025. This project will boost pilgrimage tourism, accelerate economic growth, and strengthen India's border security by improving military logistics in the Himalayan region. Despite environmental and engineering challenges, it marks a significant step toward safer, faster, and sustainable travel in Uttarakhand.Read more

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