Kotak Mahindra Bank: RLLR: 0.75 | From: 8.7% - To: 10.5%
Union Bank of India: RLLR: 0.5 | From: 8.5% - To: 10%
Bank of Baroda: RLLR: 0.5 | From: 9.25% - To: 11%
HDFC Bank: RLLR: 0.75 | From: 8.5% - To: 8.8%

Location : Bhopal

Bhopal pauses proposed hikes in collector guideline rates after stakeholder concerns

The Central Evaluation Committee has paused proposed hikes to Bhopal's collector guideline rates after concerns from local stakeholders, including MP Alok Sharma and CREDAI. The committee had already approved rate increases for 3,500 other locations across Madhya Pradesh, but Bhopal's case sparked debate due to a lack of consultation with key local officials. CREDAI has called for a three-year freeze on hikes, proposing lower rates to boost transaction volumes. Political factors, such as the model code of conduct due to upcoming by-elections, also influence the decision, emphasizing the need for inclusive decision-making in real estate policy.Read more

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Bhopal Metro Project on track for mid-2024 completion, MPMRCL MD oversees progress

The Managing Director of Madhya Pradesh Metro Rail Corporation Limited (MPMRCL), S. Krishna Chaitanya, conducted an inspection of the Bhopal Metro priority corridor, focusing on the AIIMS Station to DRM Office Station and Subhash Nagar depot. During the visit, Chaitanya reviewed project progress and discussed coordination efforts with officials, consultants, and contractors. The metro corridor is expected to be completed by mid-2024, following a successful trial run in September 2023. Senior officers and key stakeholders participated in the inspection, emphasizing the importance of timely completion and stakeholder collaboration.Read more

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Bhopal's Raja Bhoj Airport to be completed by 2047 in three phases

The Airport Authority of India has finalised Bhopal airport's master plan, set to be implemented in three stages: Phase 1, Phase 2, and Ultimate Capacity by 2047. To reach ultimate capacity, the runway will extend to 4000 metres, requiring 65 acres of additional land, pending state government approval. This expansion is crucial for future air traffic growth. Phase 1 will enhance existing infrastructure, including terminal expansion and new parking areas. Phase 2 will add taxiways, aprons, and hangars. The final phase will fully extend the runway, allowing larger aircraft and new routes. This promises economic benefits and improved passenger experiences.Read more

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Bhopal's ambitious Smart City vision faces eight-year stalemate

Despite grand promises and an estimated Rs 300 crore generated from land sales, Bhopal's Smart City Development Corporation Limited (BSCDCL) finds itself far from achieving its goals eight years into the project. Residents continue to grapple with non-functional LED streetlights, leaving certain areas in darkness. BSCDCL's focus on land monetization and a lack of progress in implementing essential features have fuelled frustration. Controversies over tree felling, outsourced projects, and political setbacks have further hindered the dream of a smart Bhopal. As another state election looms, the smart city project remains a symbol of unfulfilled aspirations.Read more

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